Michael McKean is an experienced writer with a portfolio that includes work on the subjects of sport, gambling, travel and finance. With a background rooted in journalism, Michael first ventured into the professional writing world based in Switzerland, where he wrote for a number of language and travel sites and magazines before moving into the world of sports writing and gambling sites.
As an avid soccer fan, who follows everything from the Scottish lower leagues to the European elites, he has earned himself a solid reputation as a reliable football betting tipster and predictor. Outside of work, Michael has always gotten involved with grassroutes football everywhere he has worked and lived – UK, Spain, Portugal, Switzerland and Brazil – and still isn’t shy when it comes to pulling the boots on himself. As well as soccer, he has also developed a love of North American sports, particularly ice hockey – a love which began in Switzerland and saw him venture across the pond to follow the NHL. Moving away from dry land, he’s also a keen longboard surfer and is happiest when writing with a view of the ocean.
A racing sport event competing with NASCAR in popularity in the United States is F1 racing or Formula 1 racing. Formula 1 racing which is a billion-dollar industry has a wider audience worldwide, especially in Europe and with that popularity comes additional betting interest. Punters love the thrills and excitement that comes with F1 betting or Formula 1 betting. This article takes an in depth look at Formula 1 betting and the intricacies of punting Formula 1 events.
Any prediction you come up with can make money betting on F1 races
Safer betting options to keep your betting account above water
In race betting with varying odds
Betting dominant favorites comes with low odds
Formula 1 betting is entertaining and enjoyable. With all the grand prix being held across the season, enough ample opportunities abound for punters to take advantage of and make cool cash while betting on profitable odds. Formula 1 Grand Prix sport events are usually separated by a span of one to three weeks throughout the course of the season. Let’s take a deep dive and explore the betting options available for punter in Formula 1 racing.
Popular F1 Bets
Betting F1 presents the punter with a variation of betting types that brings the ultimate in betting flexibility. These bets allow the punter to wager on a lot more than who is going to win the race or who’s going to finish last. Just like betting odds Daytona 500, nearly any prediction you come up with will be something that you can wager on to make money betting on F1 races. Let’s take a look at the most popular bet types available.
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Race Winner Bets
The most popular type of bet that most people are already aware of is the “race winner bets” or “to-win” bet. This is a bet where you bet on a particular driver to win the race. The punter picks the driver that he or she thinks is going to win, then place a to-win bet, and if that driver finishes the race in first place, the bet is won.
This type of bets offers huge odds and can offer the punter a big win. This means that if you bet $20 and win, you will receive a lot more than $20 in profit on that bet., because there are a lot of drivers in races who often have little shot at winning. As opposed to some other racing organizations, F1 has seen several seasons where one or two drivers seem to dominate every race all season long, for example in 2016, Louis Hamilton and Nico Rosberg dominated the races for the season which can make for lower payout odds for the dominating drivers, but incredible payout odds on everyone else. New odds are being offered even as the game progresses.
Podium Finish Bets
The podium finish betting option is safer as it offers a market in which drivers that take the podium position are offered coverage after a race. In what sense? The podium finish driver of choice could finish either in first, second, or third place, but even these positions do not even matter at the end of the day. As long as bettors chooses a driver who seems to be doing better and he finishes on the podium, there is a win, and of course, this win is not concerned with whether the driver finishes first, second or third. Even better, the profit made does not differ from position to position, as long as your driver finishes in top three.
It should be noted that the odds on the podium finish bets are lower than those of the race winner. This is not surprising because choosing a driver who would finish in first position is more difficult than choosing a driver to finish in the top three positions. This does not ruin anything since the odds on the drivers will likely still be higher than even money. If you want play safe and reduce your risks, the podium finish bet is for you, especially if a driver has potential of winning.
Driver matchup bets are wagers where you choose between two drivers who you think will finish higher in a race. . As long as the driver you choose finishes before the second one chosen in the matchup, the bet is yours, irrespective of other aspects of the race. The position of other driver is inconsequential likewise the position of the two drivers. The important thing is that the driver that you picked beats the other driver. This bet comes in handy if you have a prediction about a driver who most likely would not win the race. For example
A punter places a bet on driver A in a matchup bet between driver A and Driver B: if after the race, driver B comes before or finishes before driver A, the punter loses the bet. The bet is only won if driver A finishes before driver B irrespective of the position driver A finishes at.
A punter could actually place this bet on a single race or on overall standings after a championship or Grand Prix such that the outcome will be decided by whichever driver finishes higher in the official Formula One standings at the end of the season
Proposition bets are wagers where something is proposed to either happen or not happen. It requires a prediction with skill most times, and sometimes they require a guess. The best prop bet odds are usually found in advance, so make sure you look at odds for sports events this weekend at the beginning of the week. If you’re only looking for the excitement and thrill, you can bet any F1 props you want, and you’re sure to have a great time. If you’re worried about blowing your betting account and are looking to make money, you should stick to prop bets that require skill to predict properly.
A skilled proposition bet might be a bet on whether a particular driver will lead in most of the laps in a race. This bet clearly requires skill to predict. A well thought out prediction will have a much better chance of winning than blindly picking any driver to lead the most laps or lead the points table just for the fun of it.
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Pole Position refers to that position at the starting grid. In a race event, the pole position will fall somewhere at the front row when the race is about to begin. Usually, this position is taken by the driver who has the highest qualifying time in the pre-race trials, such drivers are called pole sitters.
A popular market, here you wager the driver that obtains the pole position during the qualifying portion of the Grand Prix. This is another bet that falls under the simple category. Pick a driver and make a pole position bet. If your driver has the best qualifying time and earns the pole position, you win. It’s as simple as that. If your pole sitter pick for example Louis Hamilton has the best qualifying time, you win the bet. As with all of the other F1 bets where you’re selecting an individual driver to do something, the payout odds will reflect the ability of each driver.
A popular F1 bet to make is a futures bet. Futures bets as the word future entails are bets on who or what team will be the Champion at the end of the season. In Formula 1, the punter can bet which team he or she thinks will win the Constructor’s Championship , Driver’s Championship or even both. At the beginning of the season you might want to make this bet as the odds are amazing at this time. This means that if someone starts off the season hot, the payout odds you can get are most likely going to be worse than what you could have gotten before the season started. On the flip side, if a driver starts out colder than expected, you may be able to get better payout odds on them winning the Championship if you still think they’re going to turn it around.
This bet will of course pay out much higher when it is placed before the season actually begins, and the odds get worse and worse as the season goes on.
Fastest Lap Bets
To bet on the fastest lap, punters must select which driver will complete the quickest lap during the race. It can be set at any time during the race. A tip is to look at which drivers have the fastest cars and past records with pole starting positions.
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Will A Safety Car Appear?
This is a “Yes” or “No” bet. It is a wager on the appearance of a safety car during the Grand Prix. For this, a punter is given only a yes or no option to select from.
Which Bookmakers Offer the Best F1 Betting?
For expert F1 racing betting service, live odds changes from the major sports bookmarkers. Find out which comparison sport bookies offer the best odds at our sports betting comparison page for profitable bets. The Formula 1 betting information on our sports betting comparison page is researched critically to help you make the best choices and to ensure you profit maximally from this option.
While it’s probably still going to take some practice to master the betting strategies in Formula 1, we can say one thing for sure. You have all the tools that you need to push your betting game to the next level and achieve the success that you desire in F1 betting. Formula 1 comes with good opportunities to make bets which are very profitable.
Finding angles on your bets and doing the proper research is very important though, so always be sure to give yourself sometime between when you check out the betting options and when you make your final bet. Be sure to check out all the rest of the sports, events and leagues that we have researched for your betting education and profit.