Types of betting and how to bet on Formula 1

f1 betting advice

As one of the most popular racing sports in the world, Formula 1 attracts sports bettors from all over the world. With a large number of different drivers. and modern car models. Lots of races are held throughout the year.

With so many different types of betting, the opportunities for fun and win are endless! However, this unique variety of wagers and racing odds can be overwhelming for novice bettors especially those who don’t know where to start.

In this short guide, we will review the most important types of Formula 1 bets. You can choose one bet or combine more than one bet to get more chances of winning.

How to bet on F1?

F1 is the world’s most popular single-seater sport, it’s fast and full of action, which attracts fans around the world to watch it with enthusiasm. All new sports betting sites not on gamstop offer Formula 1 bets.

However, each site has its own markets and odds. Also, each site offers its own set of offers and rewards. This forces bettors to do a lot of research to find the best bookmaker as these advantages can make a huge difference in your profits in the long run.

When you choose a Formula 1 race on the sports betting site, you will find approximately eight bets to choose from, namely:

1. Outright Bet

The easiest and most common way to bet on Formula 1 races is to predict who will win the race. If your prediction comes true and the driver you bet on wins, you win your bet, and if any other result of the race falls, you lose your bet!

In this bet and other types of bets, you must take into account an important point, which is that the odds of winning are inversely related to the amount of profit that you can get.

This means that if you bet on the lucky rider who has already won the race, you will get less profit. If you bet on the rider with the least chance of winning and he actually wins, you will get a double win.

2. Live Betting

Online bookmakers allow you to place live bets on F1 races. Thus, you will be able to analyze the race while watching it without having to collect information and statistics. All drivers must stop at least once during the race to change their tires. This time is a great way to gain an edge when betting live on Formula 1 races.

Sports commentators also give you great value when watching Formula 1 races. Listening to them will help you analyze the race in detail. If you want to know when a particular driver will stop, you can listen to this information from the commentator.

If you think that a particular driver is slowing down at a dangerous time, this may be the deciding factor whether you are playing on it or not. On the other hand, this could be the perfect time for you to support that driver’s rival in the race.

3. Podium Finish Bet

Most of the Formula 1 betting sites offer this bet, which is very interesting because it gives you the chance to nominate two or three drivers and if either of them wins the race you win your bet.

You can also choose two drivers and decide which of them will be better than the other regardless of the final race result, the important thing is that the driver you bet on is ahead of the other driver you have selected.

4. Hexafecta

This bet is similar to the previous one but this bet has a wider scope as you are choosing the best six competitors in a specific race. However, this bet is not easy as almost all races will involve some crashes and car breakdowns.

Even the best drivers in the world can have a stroke from time to time. So, although this bet looks good in theory, its stakes are high.

5. The Driver Who Starts First

This bet is similar to the race winner bet but differs from it in some ways. This bet is placed on the live races, and it asks the bettor to decide who will start the race first to take the lead, regardless of the next race or the final result.

6. Future bets

The future bet in Formula 1 racing is to determine which team will win the championship. Mercedes has won the last five championships in a row. However, other teams were able to quickly close the gap.

And with new rules emerging in 2022, no one knows who will come out on top. And when the new season begins, see how the odds stack up and bet on who you think will win.

7. Prop Bets

Sometimes the above types of bets can be boring. Therefore, sports betting sites offer Prop Bets which are similar to Special Bets in football.

These bets add more excitement to your watching the race as they give you the chance to bet on a large number of unique and odd things that depend on luck that may happen during the race. These bets offer astronomical payouts however the chances of winning are very low.

Here are the most popular types of Prop Bets:

  • Which driver will lead the others in the most laps?
  • Who will score the fastest lap during training?
  • The victory margin
  • Who is the first driver to stop in a race?
  • How often will the safety car go out?

As you can see, these suggestions are fun but also complex!