Formula 1 Betting – How To Bet On This Exciting Motorsport
How To Bet On Formula 1
When it comes to the most popular form of motorsports in the USA, you’ll find that NASCAR comes top of the pile. But if we look at motor racing on a world scale, then we’ll see that Formula 1 is bigger. In fact, Formula 1’s popularity has been steadily growing in the United States. And along with that popularity and interest comes the possibility of Formula 1 betting. But before you start to place any wagers on Formula 1 races, it’s important you understand how to bet on this motorsport.
Today we thought we’d go through all the basic factors that will help you make a winning decision when you decide to put your money on Formula 1.
Pick a Formula 1 Betting Site
The first thing you want to do is find a reputable sportsbook that allows Formula 1 betting. A quick Google search will reveal many places where you can bet on these motorsports. We suggest that, as part of your jackpot winning strategies, you take these websites for your own test drive to ensure that they are easy to use and that they will fulfil all your Formula 1 betting needs. Our favourite site for formula 1 betting is 22Bet Sportbook. Not only do they have a huge variety of these motorsport bets, but also offer live betting. This means you can follow the action and bet at the same time.
Sign Up
All betting sites that are online will require you to register. This means you need to give your real name and email address, as well as the deposit details, along with your date of birth. Once you’ve sent these off, you need to wait for a confirmation email reply. Normally this will contain a link that will allow you to enter the site as a real gambler. Once this registration and the sign-up process is complete, then you’ll be able to make your first Formula 1 bet.
Make a Deposit
In order to place a bet, you must first deposit funds into your online sportsbook account. This is the money that you’ll be betting with. You’ll find most online sites will accept credit cards such as MasterCard and Visa. You’ll also find many accepting e-wallets like PayPal, Skrill and Neteller. Then you can make use of your debit card. Finally, you’ll find that many sites today are happy to take deposits from you in the form of cryptocurrency. These can be anything from Dash to Bitcoin, and from Litecoin to Ethereum.
Place a Bet
Now comes the time to put your money down. First off, select a Formula 1 race. Now look at the driver, the type of bets, the dollar/sterling amount and then submit your Formula 1 betting ticket. Once you’ve maxed out all your Formula 1 motorsport bets, then you’ll be able to watch the live race, and with fingers crossed, enjoy a great race and finish.
Basic Odds and Formula 1 Betting Options
On the whole, the Formula 1 Grand Prix calendar of events usually takes place every 1 to 3 weeks throughout the Formula 1 season. So let’s have a look at some of the types of Formula 1 betting that can be placed on this motorsports.
Outright Bet: Formula 1 Grand Prix Race Winner
For obvious reasons, this is the most popular Formula 1 bet that many people make on the sport. Simply put, you’re betting on which Formula 1 driver will win the race. For example, there’s usually a clear favourite such as Lewis Hamilton. The odds of him winning will normally be in the form of -150 to win the race (bet $150 and when $200). Other driver’s such as Max Verstappen, can go off at +200 (bet $100 to win $200) up to massive betting odds of, say, 5000-to-1 if the driver is a huge underdog.
Podium Finish Bets
The Podium Finish bet is a bet on any particular driver to finish either first place, second or third and land a spot on the podium. As such, it really doesn’t matter in which three prepositions the driver completes the race. With this bet, if your driver finishes first then you win the wager. If the same driver finishes third, then you still win. So there’s absolutely no difference in your winnings based on which of these three positions your driver finishes. Providing they do finish within the top 3 places.
Prop Bets
You’ll find that many sportsbooks will offer additional prop bets with Formula 1 betting. But these will be very much dependent on the race at hand. These can include:
- Which car will win the race?
- What country will the winner hail from?
You can also bet on the constructor’s success. We should point out that since 1950, Ferrari has participated in every single Formula 1 World Championship. As such, they have featured in over 900 Grand Prix.
Futures Bets
Future beds are bets which look forward to sometime ahead. For example, a typical future bet in Formula 1 betting would be on which driver or team will win the Championship at the end of the season. In fact, there are two major bets you can make for the end of the Formula 1 season. These are the winning driver and the winning driver’s constructor’s team. On the whole, these bets will need to be made before the start of the racing season. So if you want to make this bet, then make sure you get in early. Many sportsbooks will close the action on this bet as soon as the first race of the season starts.
Live Formula 1 Betting
In-Play Formula 1 betting adds an extra element of excitement as you’ll need to make quick decisions. In Formula 1, you’ll need to constantly be changing and reassessing the race as it proceeds. Keep in mind that all drivers must make at least one pitstop during the race. By being able to predict when this will happen, you will have a huge advantage when it comes to picking up a winning driver. This will serve to increase your jackpot winning chances.
Another important factor, if you’re going to be live betting, is listening to the Formula 1 commentators either on television, the internet or radio. By paying close attention to what is being said, you will have a very good idea of exactly what’s going on as you try and monitor the race. For example, you might be listening to the team radio exactly when a specific driver is about to make a pit stop. So keep your ears open not just your eyes.
So if a particular driver pits and you believe that he has gone in at the wrong time, then this could be a huge deciding factor as to whether you should bet on that or not. On the reverse side of the coin, this could actually be the perfect time for you to back that driver’s rival.
F1 Qualifying Betting
As you’re probably aware, the Formula 1 qualifying period runs as a 3-stage knockout. Everything is dependent on the number of cars that enter. With the slowest drivers being eliminated in Q1. Then, in Q2 another group of slow drivers was dropped. The whole purpose of this is to whittle down the number of racing cars to just 10. And then these will then race for the Q3 race pole position.
Who gets pole position at the beginning of a race is another large betting market within Formula 1. If you actually attend the qualifying then you’ll have a great chance to see how the driver performs at that particular circuit during the Free Practice. This should give you a greater indication as to which drive could potentially win in the race.
Formula 1 Betting Strategies and Tips
If you look at the spread in Formula 1 betting, you’ll see that the underdogs have a huge payout attached to them. But unlike many other sports betting, betting on the underdog is pretty much a waste of time. That’s due to the nature of Formula 1. It’s a sport in which the favourites almost always win. If you think back to 2017, then Lewis Hamilton managed to win 9 races in the season. His Mercedes teammate, Valtteri Bottas, won 3. This gave Lewis Hamilton the Drivers Championship and also the Constructors Championship to Mercedes. If we rewind back even further to 2014, then only 3 drivers were able to earn wins during the whole season. These were Lewis Hamilton (11), Nico Rosberg (5) and Danielle Ricardo (3).
As you can see from these results, on the whole, there are going to be between 4 or 5 cars with drivers who have a realistic chance of winning. As one of the best jackpot winning tips and tricks, we suggest that you find value by being careful and not overvaluing the pole position. For some of the best Formula 1 odds, we suggest that you head over to 22Bet Sportsbook. To help stretch your bankroll, they even offer a great welcome bonus for all new players of 122% up to €100!
Pole Position Doesn’t Mean Winning
Of course, starting from pole position gives the lead driver a huge advantage over the rest of the field. After all, he’s able to go full blast without having any cars in front of him. But if you look at the historic numbers, you’ll see that drivers who began in pole position win only around 40% to 50% of the time. Yes, this is still a significant number. But it means that pole position is not the only thing you should consider as a Formula 1 bettor.
You may well discover more Formula 1 betting value on an excellent driver who’s listed at +300 or +800. They may not be the huge favourite starting in pole position. But with these odds, they still have a good chance of overtaking the lead driver.
Formula 1 Betting: Find The Best Odds Online
If you’re betting from the UK, then you’ll find virtually all online sportsbooks will have a large selection of Formula 1 bets. But if you’re in the USA, then it’s a different matter. Because Formula 1 is still a niche sport, you’ll find that many sportsbooks do not represent Formula 1. To that end, you may have to shop around to find an online sportsbook for Formula 1 betting if you want to win the jackpot online.
As a given, no matter where you are based, we suggest that you only look at sportsbooks that give you the greatest number of betting options. You’ll also want to be looking at those that can give the best price on your odds. Keep in mind that betting on the winning Formula 1 driver at +225 can make a huge difference that betting on the same driver at plus +300. So make sure you do your homework.
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