Formula 1 racing is the most popular among motorsports
racing, as it enjoys a worldwide following. It is also one of the more popular
betting options. Formula 1 betting is not as complicated as other sports since
you have a more consistent lineup of racers and teams. But it doesn't make it
easier. Let's go through the basics of Formula 1 racing schedules and bets to
get a better understanding of how you can win money from betting or earn money
from being a bookie through a sportsbook pay per head service.
Grand Prix events for the Formula 1 are held every 1-3 weeks
spread over the season and the bets on these events are fairly straightforward:
who will the winner be? The Formula 1 betting options will mostly show a
favorite driver with -150 to win, meaning you will bet $100 to win $100. Bets
for other drivers in the race can be something like +200, meaning you bet $100 to
win $200. There are even cases where underdogs can get really big odds like a
few thousand to 1.
There are also additional prop bets available per-race where
you can bet on what country the racer is from, or which car will be winning the
race, and on who will win the Formula 1 drivers’ championship where the whole
season’s aggregate score will be the factor in winning the bet.
So now that you have a clearer idea on the betting options
and the standard odds for betting on the Formula 1 races, we’ll move on to some
tips that can help get you higher chances of winning more with your bets.
Once you are in your sportsbook and ready to bet, you will
usually see huge payouts that are very tempting when you pick the underdogs.
But if you are familiar with Formula 1, you know that the chances of underdogs
winning is so low, it's a waste of money. Realistically, you have 6 or fewer
cars that are in the running for winning the races. A great example here is
last 2017, where Mercedes won the championship, and Mercedes' drivers Bottas
won three races, with Hamilton winning nine, making him the drivers champion.
The key in Formula 1 racing is to not overvalue the pole
position. The pole position gives the driver the advantage of going through the
course without any cars ahead of them, but only guarantees a win about 50% of
the time, maximum. So even if gives a driver an advantage, the percentages are
not high enough to be worth paying extra for. If you look at the teams and the
drivers, sometimes you may be better off picking a great driver not on the pole
with +300 or +800 than getting the favorite at pole position.
The thing about Formula 1 sports betting is that not all
sportsbooks will give you a variety of options to bet on, so you need to find a
sportsbook that will offer you both more options for wagers and the best prices
as well. The best way to find one is to read pay per head reviews. That way, you will know what sites you are joining, and you know that you will be in good hands,
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