F1, or Formula 1 is one of the most popular sports in the world. F1 has a million of fans around the world, thanks to the thrills it offers every race. Apart from being very popular among the fans, F1 is top choice for betting fans too. After all, F1 offers endless betting markets, including bets on drivers, individual races or Grand Prix events. The numerous options can confuse the beginners. Let’s find out what do we need to know if we want to bet on Formula 1.
F1 betting markets
There is no need to further explain betting in Formula 1, as the concept is simple. Formula 1 betting includes F1 racing. However, it is important to be aware of all the different types of F1 bets you can make to make sure you are prepared.
Winner of the competition
Choosing a winner of the competition is one of the main markets that can be found at every bookmaker. Just as the name suggests, these types of bets focus on the individual races and their winners. These bets are extremely simple - just choose one of the pilots and if your chosen leader wins, you win too. Often these bets come with great potential for high profits and excellent odds for certain pilots.
Winners of the championship
Betting on championship winners is also popular with F1 bettors. In football, you can bet on which team will win the Premier League or win the Champions League trophy. Well, in Formula 1 you try to guess the winners of the drivers' championship, for example. Due to the fact that many bookmakers deactivate F1 future bets after the first race of the championship, the most popular time to place such bets is before the season begins. Of course, not all bookmakers follow this policy and some allow future bets during the season. However, in this case you should expect them to constantly upgrade the odds and often offer worse odds than those offered before the start of the season.
Another popular F1 bet, is the podium final. This bet is similar to a winning bet and nevertheless improves the probability of your bet as it covers more than one winning option. For example, podium finals usually involve betting on a leader to finish in the top three, whether he finishes first, second or third. So, of course, your chances of winning are better. However, this often leads to lower payouts.
If you want to make F1 betting even more fun, you can focus on different types of bets. For example, you can place bets on dropping a pilot. In F1 there are various options for such bets, the most popular being the assumption of the first elimination among participants in a competition. You can also try and guess which team will be eliminated first. Sounds fun, right?
Tips for betting on F1
Now that you have an idea of the main bets in Formula 1, it's time to give you some tips for successful betting:
Read previews of competitions
Reading the preview for the races is crucial for smart F1 bets. Namely, the views of sports journalists and expert analysis can help you have a better idea of what to expect. Sometimes they can even offer useful advice or inside information.
Keep in mind the weather conditions
Unless the race is indoors, where the weather conditions have zero effect, you should always pay attention to the weather. The surface of the track, for example, is always affected by the weather and can lead to unexpected twists in F1 racing.
Think about the position of the car
The position of the car is another important aspect of F1 racing and betting in F1. Statistics reveal that many races are won from a position on the inside of the front line and therefore you should never underestimate this factor. Do your research before deciding which pilot to support.
Explore lap times
Trial races can actually reveal a lot in terms of the driver's competence and determination to win an upcoming race. Excellent lap times promise good performanceand crashes may suggest that the driver is not a promising competitor for this particular event.
Read the latest news from the F1 team
Read news from the F1 team. Not only will this keep you informed of the latest developments, it can also help you make smarter bets due to the availability of enough information. For example, if Ferrari launches the fastest car in the world, you can expect better results from their team and the season as a whole. Similarly, if a driver has problems, he may not be in the best of spirits to offer his best performance in the upcoming races.