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Betting on Formula I

Car racing does not have a strong betting market, but over the last few years punters have started to delve into the market. In this guide, we will explore more about betting on Formula 1.

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Ways to bet

Race result – As races are quite long, a lot of things can happen during any one race, betting on the outcome of a race is the most popular bet. Generally, there is a clear favourite going into the race, but everybody knows that one slip up can cause that person to be out of the race completely; therefore, every member of the field does have a chance.

Season betting – Backing your driver over the season is another popular bet because it gives an extended interest in every race rather than just one. There is also some great value to be had in this market.

Betting on the constructor’s championship – As well as crowing a winner at the end of a season, there is also a trophy for the winner of the constructor’s championship. This means you can back the team rather than the individual. You win if your team finishes above the rest over the course of the season.

Podium Finish – Essentially this is each way backing. Some bookmakers allow you to bet on if you think a driver will finish on the podium. Of course, backing the favourites will not get you a decent return, but finding the best outside bet can show decent returns.

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Summary

Formula 1 is a fast and exciting sport, and the outcome can be drastically changed in a split second; therefore, betting on the outcome of the race can keep you interested right up until he chequered flag.