Formula 1, or F1, betting is a hugely popular betting type with a large selection of betting options out there. Offering a season full of fast-paced action, it’s no wonder more and more punters are turning their attention to Formula 1. This guide will take you through how to bet, the types of bets available and tips to help you place your bet.
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Known as the pinnacle of motorsports, Formula 1 sees approximately 10 teams, each with two drivers, compete across a season of Grands Prix. Reaching speeds of 220mph, Formula 1 races are action-packed and adrenaline-filled.
Taking place from March to November, drivers race on circuits around the world to eventually crown a champion. Drivers earn points from each race depending on their finishing position. The points tally up over the season to determine the winner of the World Championship.
Each circuit will have its own unique features that focus on either the car or the driver. For example, the Bahrain circuit places an emphasis on the speed and power of the car, whereas Monaco sees the driver’s skills take over, requiring thousands of gear changes throughout the race.
How To Bet On F1
If betting on Formula 1 is something you are interested in, the first thing to do is find the betting site, or sites, you want to use. To make your choice, consider the following:
The betting markets they offer
The odds they provide
If they have the in-play betting function
Welcome offers they have on
How easy the site is to use
Once you have chosen the betting site(s) you would like to use, placing your bet is simple.
Register or log in to your chosen site
Locate the F1 section
Select the race and market you would like to bet on
Double check that you are happy with the odds
Enter your wager and submit your bet
Formula 1 Betting Markets
Being a very popular sport to bet on, there are plenty of betting markets available for F1. Here are the ones you are most likely to come across:
Betting market
How it works
F1 Futures
Future bets are possibly the simplest of all the F1 markets. With a future bet, you place a pre-race bet on an outcome of the race. In its simplest form, this type of bet can allow you to bet on a winner of a race. Within this market, you can also bet on a driver to place in the Top 6 or the Top 10 or the winner of the Formula 1 World Championship.
F1 Props
Prop bets work by focusing in on smaller, specific actions that can occur throughout a race and are an incredibly popular type of F1 bet. F1 prop bets include things like whether or not a safety car will appear, the driver who will achieve the fastest lap, the winning margin, and when a driver will pit.
F1 Driver Matchups
This type of bet works by selecting two drivers to create a head-to-head. You then select which of these two drivers you think will finish highest. Your selection doesn’t have to win the race, they just simply have to beat the other driver.
F1 Parlays
If you have experience with betting on other sports, you will be aware of the parlay format. A parlay bet consists of 2 or more wagers combined into one bet, creating the potential for a much higher payout. But, with a parlay bet, all of your individual wagers have to win in order for you to win the parlay bet, otherwise you won’t receive any winnings. This format works the same for F1. So for example, you could bet on a driver to win the race and for the winning margin to be over 10 seconds. Both of these statements would need to come true for you to win.
In-Play Betting
Being an exciting, fast-paced sport, F1 lends itself well to in-play betting. In-play betting consists of a large choice of prop bets that can be placed while the race is happening. This means that you can make real-time decisions based on what you are watching.
The difference with in-play betting for Formula 1 compared to some other sports is that it can require you to make quick, complex decisions based on many factors within the race. You always need to stay one step ahead to be in for a chance.
Tips for betting in-play:
The best method for in-play Formula 1 betting is to try to predict when a driver is likely to pit. Each driver has to do this at least once per race to change their tyres and this stop can lead to advantages for rivals or errors by the driver. Predicting when this could happen will help you with a range of prop bets.
Pay attention to the commentator and any information being passed to the driver via their radio. Both of these things can give you so much valuable information about what is happening within the race that you might not always see on screen and can help you make a more accurate prediction.
Think about the timing of when a driver pits. If you think that it was the wrong time for them to do so, this could be the prime time to support their rival as there’s a strong chance they could overtake.
Qualifying Betting
The main race on each circuit always takes place on a Sunday. The day before the race takes place, drivers enter qualifying, which sees them partake in a smaller race to determine their poll positions. The faster their lap, the higher up on the grid they will start for the main race. Poll positions can have a huge impact on a driver’s performance during a race, and therefore qualifying is equally as important as the race itself.
Qualifying also provides even more opportunity for F1 betting. If you are new to betting on Formula 1, it can also be a great starting point to get used to how it all works.
Tips for F1 betting:
Pay close attention to the qualifying. A driver’s poll position can influence their finishing position so use this information to inform your bets.
If both drivers for a team qualify in first and second, this can give the team a big advantage as they can work together to hold back their rival teams at the start of the race.
Be aware of broken rules in the build of the car or track penalties. Both of these things can push back a driver’s starting position.
F1 Races
The Formula 1 World Championship consists of a series of races from around the world:
