Darrell Waltrip outran Donnie Allison in the last 100 feet yesterday to win the Sportsman 300-mile race by about three inches. It was his third victory in two days during the Daytona Raceway Speed Week.

Jack Bland of Riverdale Md., was hospitalized with first- and second-degree burns on both hands, his face and one leg when his car hit the wall on the fifth lap and splashed oil on him.

Bland, reported in stable condition, was the third driver to be hospitalized in two days.

Richard Petty, involved in a crash during Friday's IROC race, was hospitalized overnight for observation but there were no apparent injuries. He will race today in the 500-mile NASCAR feature. Michael Link of Orlando Beach, Fla., suffered a possible concussion during Friday's 200-mile modified race.

Waltrip, who won a section of Friday's twin 125-mile Grand National qualifying race and NASCAR's 200 modified, took command just before a caution flag went up on the 116th lap as he zoomed under Joe Millikan's Richard Petty-prepared Dodge.

When the green flashed on the 118th lap, Allison swung around Millikan for second place and took after Waltrip. They raced side by side through the third and fourth turns of the 120th and final lap and were fender to fender on the straightaway.

Allison tried to slingshot past Waltrip off the fourth turn as they headed for the finish line but Waltrip managed to shut off the challenge.

Millikan's engine backfired as the green flag came out but he recovered and was right behind for third. Ray Hendrick fo Richmond followed by a car length.

Waltrip was clocked in 162.675 miles per hour, a Daytona record for the event. There were 29 Lead changes among seven drivers.

Waltrip has won $51,500 for his three races this week and also is entered in today's Daytona 500, which awards $50,000 to the winner. If Waltrip wins he would eclipse Cale Yardorough's record for total prize money for Daytona's Speed Qeek. Yarborough won just under $100,000 last year in winning three races.

Waltrip laughed and said he hopes his banker in Franklin, Tenn., hears of his good fortune. "I'll be home Tuesday and deposit all I can."