How To Bet On F1 Events

How To Bet On F1 Events

December 23, 2020 Off By Diana Beasley

Formula 1 is like nothing else on earth, offering fans a thrilling and unforgettable experience that just about no other sport can reproduce in quite the same way. And the same can very much be said for the betting side of F1, a nerve-wracking and exhilarating industry that constantly has bettors on the edge of their seats.

Breaking into F1 betting isn’t difficult, but it can quickly become overwhelming and stressful for the inexperienced and uninitiated. By making use of these tips and tricks, however, it can be an easy, straightforward process that offers great results.

Make Use Of Free Practice

There is an entire branch of F1 betting dedicated to free practice and qualifying, and although the potential winnings from these kinds of events aren’t really that high, they offer a bettor the opportunity to gain valuable insight into the drivers and teams that will be participating. It’s a good idea to take out small, insignificant bets out on free practice events to learn about which drivers look the most promising for the upcoming season. Free practice sessions down the line can be even more insightful, offering plenty of information use.

Betting On Qualifying

Qualifying events tend to hold much more sway than free practice, and offer a greater range of betting opportunities. They are usually broken up into three separate stages, giving a bettor plenty of breathing room to keep watch and follow up on wagers that seem the most appealing. One factor to keep an eye out during this stage of the season is Pole Position, which has become something of a favourite among race bettors. Using free practice rounds is an excellent method of choosing and betting on a team that will seemingly be most likely to snag the pole position.

The Most Common F1 Bets

Knowing the kinds of bets available in F1 betting is important to taking out one that’s best suited for the situation. These are the most common and popular bets available that most bettors might want to put money on.

Winning Driver: It’s as straightforward as the title suggests, where money is wagered on the driver that is most likely going to win a particular Grand Prix. This is a bet that also comes with some of the lowest odds around due to its popularity, but it’s a good way of getting a feel for whole it all works.

Fastest Qualifier: Pertaining to the qualifying rounds, this kind of wager is about sinking cash into whichever driver will potentially grab the fastest time on the track. It’s easy to understand and take out, and a great starting point for beginners.

Podium Finish: Another extremely popular wager among fans, a Podium Finish bet focuses on the three drivers that will be up on the podium at the end of the event. This makes it much easier to get a win as it widens the pool of potential winners.

Fastest Lap: Another straightforward wager, here the bettor selects the driver they believe will finish a lap in the fastest time possible.