Sports Betting Formula 1

1. Betting on Formula 1 (F1) auto racing can be both entertaining and profitable if you know what you’re doing. Don’t know what you’re doing, or just looking to improve? You’re in the right spot! Our team of betting experts has compiled their top list of F1 betting tips and strategies to help you crush the books.
2. Using this formula, the calculation looks like: = 100. (1.45))/ (0.45) = 100. (0.55)/ (0.45) =.55/.45 = +122. In other words, if you find a prop bet that you think has a 45-percent chance of winning, you need to be getting +122 or better odds in order to make it a bet worth making.
3. Formula 1 is the most popular motorsport out there. It’s the most glamorous, so it’s no surprise there are millions of F1 fans all over the world. Betting on F1 is extremely popular, too, and almost as exhilarating as the high-octane racing itself.
4. Bet on Formula 1 odds at Sports Interaction, with online sports betting on Formula One racing betting lines, F1 racing bets, F1 point spreads and odds.

Welcome to the world of Formula 1 betting! A long Formula 1 season with many brilliant races. Formula 1 is the absolute royal class of motorsport. Anyone with a taste for speed and optimal cooperation between people and technology cannot wait for the next race to start. If you want to bet on Formula 1, then you have at least a lot of great.

Formula 1, also known as F1 or the FIA Formula One World Championship, is an auto racing league with a massive international fanbase. In fact, the 2010 season drew an estimated global television audience of 527 million.

Given the popularity of the sport, and the fact that races are held on multiple continents, it should come as no surprise that bookmakers offer a number of wagering opportunities for fans. This article is meant to explain the various options for those who want to bet on Formula 1, as well as tips for improving your chances of success.

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F1 Championship Points

While NASCAR features a points race that crowns a champion driver at the end of the season, Formula 1 takes it a step further. The Drivers' Championship is given to the racer with the most points, and the Constructors' Championship goes to the team with the most points (since all Formula 1 teams are required to build the chassis they compete with).

The winner of a race (also known as a 'Grand Prix') receives 25 points, and the other top 10 finishers also earn points towards the championship. Teams, meanwhile, receive points for all of their drivers who finish in the top 10. Starting in 2015, the final race of the season features double points.

In order to gain points, a driver must be 'classified.' This means the driver completed at least 90% of the course. Therefore, it's possible for a driver to withdraw before the end of the race and still receive points toward the overall championship.

Types of Formula 1 Bets

Bookmakers offer a variety of wagers in order to keep the betting public interested. The following are the types of Formula One bets that you're most likely to come across:

Race Winner - This is the most straightforward wager, as the bettor wins if their driver finishes first in a Grand Prix event.

Podium Finish - This bet pays out if your driver finishes in the top three and stands on the winner's podium. In the case of an appeal or steward enquiry, bookmakers usually stand by the podium results.

Drivers' World Championship - The bettor attempts to predict which driver will win the season-long points race. In some cases, a payout may be issued if the driver finishes within the top two.

Constructors' World Championship - All the cars run by a specific team figure into this wager, and it pays off if your chosen team captures the season-long points race. Since certain teams tend to be the dominant forces in F1, these odds can often be lopsided (Mercedes 1/750 and Ferrari 1000/1).

Top Six Finish - An expanded version of the podium finish. In order for the bettor to collect money, their driver must finish in the top six.

Points Finish - The driver must finish in the top 10. Since this gives the bettor a superior chance of getting a payout, you can expect the odds to be much lower than the race winner or podium finish.

Fastest Lap - In order to win this wager, your chosen driver needs to complete the fastest single lap around the course. This is an excellent option for those who find their attention waning in the middle stages of the race.

Pole Position - The drivers run a qualifying session on Saturday to determine the starting order of the cars at the Grand Prix the following day. In order to win this wager, the driver of your choice must win the qualifying race and capture the pole position (first spot) for Sunday.

Driver vs Driver - This wager pits two drivers against one another. In order to win, you'll need to bet on the one who finishes higher in the standings. If neither driver finishes the race, then the winner is the person with the most completed laps.

Safety Car Deployment - This unique prop bets pays off if a safety car is deployed after the start of the race.

Driver Retirement - If a driver retires, it means they are unable to finish the race. Unreliable cars or weather conditions can play a major factor in this one, although the wager isn't offered by all bookmakers.

Additional Prop Bets - Creative bookmakers are always coming up with new options, so be sure to pay close attention to all the wagers being offered before the start of the race. These can range from the nationality of the winner to the number of drivers to be classified (finish at least 90% of the race).

Reading Fractional Odds

Since Formula 1 is most popular in Europe, it's common to find their odds expressed in a fractional form such as 4/1. The number on the left is the amount you'll win, and the number on the right is the amount you'll have to wager.

For an example, let's look at 5/1 and 1/5 odds. According to the above explanation, 5/1 odds require you to wager $1 to win $5. And for 1/5 odds, you'll need to bet $5 in order to win $1.

Formula 1 Betting Tips

While placing casual wagers can be exciting, the serious bettor always looks for an edge. If you want to increase your chances of winning, keep the following factors in mind:

1. New Technology - Is the team introducing some new form of technology to their cars? If so, this can have a definite impact on the race. While teams can sometimes be tight-lipped about such information, you can often find valuable clues by reading the pre-race driver comments on Twitter or Facebook.
2. Track History - The style of a driver may be better suited to certain tracks, so it pays to analyze their past performances at the different venues.
3. Watch the Weather - Some drivers excel during wet conditions, while others struggle in the rain. When the track becomes treacherous, it can also improve the odds of a lesser-known driver pulling off an upset.
4. Watch the Races - While you can analyze all kinds of data, there's no substitute for actually watching the races. In addition to making you well-versed in the sport, you'll pick up things that wouldn't be noticed in a pile of stats.
5. Keep Notes - As you watch the various Grand Prix events, be sure to keep your own notes about the drivers and their cars. While lots of information can be found on the Internet, it's a poor substitute for the data you'll compile during the race.

Formula 1, or F1, racing has long been one of the most closely-followed sports in the world, but in recent years it has grown increasingly popular in the eyes of bettors. Thanks to the sports’ global following—races are held in various countries around the world—and the growing popularity of sports betting, F1 has become arguably the top option for racing bettors. F1 racing may significantly different than conventional sports such as basketball or baseball, but that only serves to make it more exciting to watch, follow, and bet on.

Understanding F1 Racing Lines and Odds

There are different types of F1 racing bets, however they do not resemble the spread, moneyline, and totals betting you will encounter with other, traditional sports. Instead of there being just one or two options to choose from, most F1 betting lines will feature a host of different options from which to choose. Even more confusing is the fact that there might only be only one or two favorites accompanied by a host of underdogs. Compared to lines where there is always a clear cut “favorite,” this is assuredly different. An example of a betting line for the winner of a race, such as the German Grand Prix, might looks as follows:

Lewis Hamilton (-167)

Valterri Bottas (+250)

Max Verstappen (+700)

Charles Leclerc (+800)

Without delving into it too much further, it is clear to see that the Englishman Lewis Hamilton is the favorite to win. Beyond that however, it does not seem like many other drivers have much of a chance. This is not true, but to the untrained bettor it may seem like there is no other choice than Hamilton. In reality, Lewis Hamilton does not win nearly every race and other drivers may have a genuinely good chance even if their odds do not reflect that.

Thanks to odds that can reach +800 or higher for a driver who has a good chance of placing in the top five, there are a bounty of opportunities for bettors to turn a massive profit without risking much. This is both a good and bad thing, as bettors can be deluded into thinking a long shot has a better opportunity to win than they really do.

Types of F1 Racing Bets

When it comes down to it, every F1 bet is a moneyline bet of some sort, or at least that is how it will be represented. In fact, the example used in the section above is great because it is how most F1 bets will be constructed. We will break down the different types of bets below.

Winner of the Race

In the above section, we provided a great example of what a F1 race winner bet will look like. F1 betting in general is fairly simple and easy to understand, but a bet regarding the outright winner is the simplest of them all. Being that Formula 1 is typically dominated by two or three drivers, you will see the same faces listed as the favorites, but this presents an opportunity to win large if an underdog has his day.

Finish in the Top 3

This betting market requires the bettor to pick a driver who they think will finish within the top three when the race comes to an end. The odds here will not be quite as good for the outright favorites, however there will still be plenty of value for bets on other drivers.

Pole Position Wager

A wager on the eventual pole position winner is a bet that occurs before the actual Grand Prix, during qualifying. Simply, bettors are attempting to choose the driver who posts the fastest single lap time during qualifying.

Fastest Lap

Not to be confused with a pole position wager, the fastest lap betting market is about who can achieve the fastest lap during the Grand Prix itself. While this often times ends up being the same driver who qualified fastest, such does not always prove to be the case.

Season-Long Propositions

There are two different kind of season-long propositions that are also often one in the same. One of these wagers pertains to the top-performing team of the year, while the other pertains to the top-performing single driver. In Formula 1, there are teams (such as Ferari, Red Bull, etc.) that are comprised of multiple drivers. Though there have been plenty of times where the top team lays claim to the top driver, but the two are not always one in the same.

Season-long propositions can be placed at any point during an F1 season, and the odds will change according to race results.

Live Betting on Formula 1

Most of the betting markets mentioned above are also available during the Grand Prix themselves, allowing you to place wagers while the races are happening. Many bettors prefer live betting on F1 races because it allows you to take in a lot of variables that simply are not available before the race starts. A bettor can notice something like an underdog outperforming his odds, or a favorite falling behind in a hurry.

For others, live betting F1 races is a great way to add a little bit of excitement to one of the most exciting sports in the world.

Juice/Vig on Formula 1 Bets

The juice, or vig, attached to F1 wagers is something that generally varies from sportsbook to sportsbook. With that being said, it is important to note that proposition bets are juiced higher than what we consider standard bets, such as those pertaining to who will be the outright winner of a Grand Prix. Propositions can be simple, such as who will emerge as the season’s top driver, but they can become more specific than that. For example, you might see propositions regarding how many laps a specific driver will lead, or which driver will lead a segment of laps (for example, laps 20-40).

Limits on Formula 1 Bets

Despite Formula 1 betting growing significantly in recent years, it is still a long way away from being as popular as sports like basketball and hockey. As a result of this, the betting limits for F1 wagers are often a good bit lower than they are for more mainstream sports. At BetOnline, for example, the maximum allowable F1 wager is only $500, regardless of the type of wager you are making. This is the general theme as it relates to F1 betting because you do not see the same amount of regular, high-dollar wagers being placed on things like the Monaco Grand Prix as you do on even a regular weekend of the NFL.

Top Sportsbook for US Bettors

5Dimes

5Dimes.eu, despite its web address, is regularly one of the top betting options for bettors in the United States. Not only do they consistently have the lowest juice on all of their lines, their betting limits are as expansive as you will find anywhere. Some of their lines, as the site name implies, can allow for wagers as small as $0.50. The maximum betting line is generally $5,000, however 5Dimes can alter this limit as they see fit.

Seeing as you will not find another US site that even comes close to the lower or upper ends of 5Dimes betting limits, them being the top choice for folks in the United States is a no-brainer for us. The site itself is simple in its presentation and design, but what it lacks in aesthetics it makes up for in an unbelievably wide selection of betting markets, including for Formula 1.
Last but not least, 5Dimes is heralded as one of the best operators in the United States thanks, in part, to its longstanding track record of positive customer experiences. 5Dimes has been in business longer than just about any other US sportsbook and has accrued a sterling reputation along the way.

Top Sportsbook for Non-US Bettors

Intertops.eu

Intertops is consistently the top option for bettors who are located outside of the United States. Similarly to 5Dimes, Intertops is known for lax limits that allows bettors to place bets that are as big or small as they would like. Being a European brand that has been around for some time now, Intertops is no stranger to F1. This is something that most newer sportsbooks cannot say, as most of them did not place much of any focus on F1 until recently.

Intertops is great because they are a brand name you can trust and one that is recognized both in Europe and around the world. The sportsbooks lends itself to user-friendliness and does well to provide players with a lot of banking options to go along with the wide variety of sports betting markets.

Formula 1 Betting Odds