The 1978 Virginia 500 was a Winston Cup Series (now Nextel Cup) event held at Martinsville Speedway on April 23, 1978. Darrell Waltrip dominated to win his second straight race, leading 310 of 500 laps in route to a 3-lap victory on Neil Bonnett. Points leader Benny Parsons finished 15th, but still held a 61-point cushion on Dave Marcis (4th). Stats