Sports Bettor – What Could Be Better?
July 31, 2023
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F1 Betting
Our Guide To F1 Betting
Formula One, or simply F1, is one of the most-watched sports in the world. The last season of F1 had millions of fans tune in on ESPN and more than 900,000 spectators per event. In addition, watching an F1 is a prestigious event that features on the bucket list of many individuals. The fame and fascination for F1 betting on the virtual platform is no less.
But unlike the limited F1 betting and gaming options at a brick-and-mortar sportsbook, online bookmakers have a wider choice of betting markets to wager on. This guide should give you a head start if you’re new to F1 betting.
Top F1 Betting Sites
Betting Options for Formula 1 Racing
On the surface, betting on Formula 1 racing can seem complicated, but you will be ready in no time for the next season if you know the betting options. Following are the best betting options you have in F1 racing:
Live betting
Live betting in F1 racing is the gold standard among professional punters. This betting option in Formula 1 offers bettors the tactical advantages when drivers make a pit spot to fix something, change tires, or refuel.
However, this type of betting in F1 requires bettors to make quick decisions and extensive knowledge about the team, drivers, and the F1 industry. Advance preparation ahead of the racing season is vital in making a good live bet in this fast sport.
Outright betting
Easily the most common and easy way to bet on F1 racing is outright betting. In this type of Formula 1 race betting, you bet on the potential winner of the particular Grand Prix. Outright betting in F1 racing is a favorite among amateur gamblers.
Driver matchup betting
In this type of F1 betting, you bet on two drivers who you think will finish the race faster than the other driver. The position of the other drivers does not matter, as long as the driver you bet on completes the lap before his opponent.
If you know the F1 drivers and their skills, driver matchup betting is relatively easy, since you have a fair idea of how the drivers will perform in the race.
Qualifying
Qualifying betting in an F1 race means you will bet on a particular driver based on his performance during the race. The driver that makes the fastest lap time is the punters’ favorite. Qualifying bets are also known as pole position betting, depending on the sportsbook.
Podium Finish
Here, you bet on multiple drivers that you think have the best chance of finishing in the 1st, 2nd or 3rd place. This is a low-risk bet, since you win regardless of which of the above positions the driver finishes.
Props Betting
Props betting is only available with some sportsbooks, but here you bet on which car will win the F1 race or from which country the winning driver hails from. Props betting can be rewarding if you regularly participate in F1 betting, as you can develop the skill to predict the outcomes.
This type of F1 betting is suitable for both amateurs and veterans, since sportsbooks that offer props betting have categories for both types of bettors.
Long term F1 betting
In this type of F1 betting, you will bet on the team that you think has the highest chance of winning the season. Long-term betting is similar to outright betting, but since you bet on a team and not a single driver, the returns and risks are high. It is also called the futures bet.
Top F1 racing teams of 2023
- Ferrari
- Red Bull Racing
- Mercedes
- McLaren
- Alfa Romeo
- Alpine
- AlphaTauri
- Haas F1 Team
- Aston Martin
- Williams
Top F1 drivers of 2023
- Lewis Hamilton
- Charles Leclerc
- Esteban Ocon
- Max Verstappen
- Sergio Perez
- George Russell
- Carlos Sainz
- Valtteri Bottas
- Kevin Magnussen
- Lando Norris
Grand Prix locations
There are 75 Grand Prix locations in different parts of the planet. Below are the top 10 Grand Prix locations that stand out because of their sheer length and outstanding history:
- Monaco Street Circuit – Monaco
- Albert Park – Australia
- Marina Bay – Singapore
- Yas Marina – Abu Dhabi
- Autódromo Hermanos Rodríguez – Mexico
- Autodromo Nazionale Monza – Italy
- Silverstone – United Kingdom
- Red Bull Ring – Austria
- Spa-Francorchamps – Belgium
- Miami International Autodrome – USA
Conclusion
F1 racing is fast and glamorous, and it also offers some attractive betting options. In addition, Formula 1 race betting is a fantastic opportunity to win big money for savvy punters who know how to analyse previous performance and the latest racing news. You can enjoy F1 Betting on many of our recommended bookmakers, with pre-match and live betting available for the top grand prix races.
