An easy Introduction to Betting on F1
Gamblers are increasingly turning to Formula 1 as a means to make money in the industry. However, like most sports, there are plenty of markets to divulge in. Tons of stats mean that you can find real value if you know what you’re doing. Read on to find out more about how you can start reaping the profits in this exciting motorsport!
Outright Win
If you’re new to the betting industry, and in particularly Formula 1, then there’s a good chance you’ll be checking this category out first. The most popular market would be to predict who’s going to win the race. However, the favoured drivers are often very short prices, and therefore, not very good value.
Podium Finish
Betting on this market will mean that you’re predicting someone to finish in the first three places. This is a great alternative to betting an outright winner, but only if you’re predicting someone who isn’t the favourite. If a driver is starting the race in pole position, then you will find short odds that won’t offer any value.
Top 6 finish/ Points finish
This is very similar to the podium finish market as you are betting on a driver to finish in the top 6 or top 10. Obviously, you will find slightly worse odds than the podium finish market because you have more positions that will win you money. It’s a good idea to perhaps bet on one driver to win the race, and another to finish in the top 6. This will then give you an interest in all areas of the track, and will give you some kind of insurance if one crashes out.
Group Betting
This is an interesting market that seems to have increased in popularity recently. Your bookmaker will group certain drivers together and you will bet which one will finish best in the race. There is an opportunity to find real value using this method as you might fancy a driver who is less fancied in other markets. It also allows you to have an interest in race even if a clear favourite is miles ahead of the rest.
Winning Margin
Like with horse betting, this enables you to get pretty decent value on a driver who is strong favourite for the race. Betting for them to win by a clear margin will mean you can get much better odds.
Fastest Lap
This is another great market, even though it’s pretty hard to predict. Obviously it would make sense to look at the favourites, but you may be able to find real value elsewhere. Try looking at who was fastest in qualifying for a bit of help beforehand.
Conclusion
It’s evident that Formula 1 betting has increased in popularity over the years. Like football, it has plenty of markets to bet on, and some simple research beforehand can reap huge rewards. Try finding something that works well for you though, and lets you enjoy the race as a whole. There’s nothing worse than placing all your hopes on one driver, only to see him crash out during the first lap!
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