Formula One racing is one of the most popularly watched sports in the world. Of all the categories in the FIA, Formula 1 is the most widely acclaimed, pulling in millions of viewers whenever it is race day and good for F1 betting.
Due to the continuous expansion and exposure of these races, gamblers have now taken advantage of these to bet and make as much as they can, especially when it comes to Grand Prix races.
The F1 betting industry is huge and tough. There are many decisions to make, like which drivers to pick, what race to bet on, the type of bet to make, the list is endless.
If you have a great betting strategy, you will surely win a lot of cash. If you don’t, well, the opposite would happen. However, you don’t have to worry. This ultimate Formula 1 betting guide would properly equip you with all you need to know about sports betting.
F1 Betting Strategies
There are so many tiers to F1 bets, and this strategy guide would give you trusted tips to help you work through them.
It is important to understand that betting strategy is crucial. After all, playing in a live casino online Australia or betting on F1, you need to analyze a large amount of information and respond accordingly. Without a strategy, you are unlikely to succeed, because you will not have an understanding of how to achieve it.
Now that you know the importance of strategy, it’s time to update your choices and skills. Let’s take a look at the basic tips one by one.
What driver you Should Bet On
This is one Formula 1 betting strategy that most people are unaware of. Before any race or Grand Prix, you ask a gambler what driver they’re betting on, and they’d give you one name. Many people simply pick the highest qualifier and stake their bet.
However, to increase your chances of winning with F1 betting, you can always bet more than one driver
Most of the time, individual drivers are assigned generous payouts and should win one of them, the profit you’ll gain is just enough to cover the losses on the other driver you staked on. Let’s analyze this F1 betting strategy a little more.
For example, for an upcoming championship race, you think there are two racers with a high probability of cashout. What if you pick one, and then the other wins it? It means you’ve recorded a loss. So why not stake on both? You’ll still gain profits depending on the payout.
Valterri Bottas has F1 odds of +300, and Lewis Hamilton also has the same odds of +300.
You’re about to stake $100 and don’t know which of these players to pick; why not the two?
Combining both drivers puts you at $200, which is a bonus because whoever wins will earn you $300, meaning you’ve made a $100 profit. If you only bet on Valtteri and the other wins, you would have lost $100.
How to Bet
Asides from knowing which driver (s) to bet on, it is also essential to know how to make winning stakes. Firstly, don’t bet more than you’re willing to lose. This is why you should find money betting sites that accept a minimum deposit. With an online casino minimum deposit 10 euros, you can place as many stakes as you like on multiple players in F1 betting.
There are also some other factors to consider aside from the cash. Knowing which racer to pick and how to maximize your stakes is vital, but there are other important factors that will determine how you want to bet.
We all know casino sponsorship in racing is a thing since many racers need the finance to get better vehicles and maintenance. Asides from casinos, they also get their sponsorship deals from many other big brands.
Right now, it doesn’t matter how the finances are obtained, as long as you have enough evidence that the race car is properly cared for and maintained for the upcoming Grand Prix event. Always remember these Formula 1 tips at all times.
You can now stake your bet when you have adequate information about this. To do this, follow these steps:
- Sign up to your chosen site by providing valid details about yourself.
- Pay an initial deposit. It could be through fiat or cryptocurrency, depending on the type of platform you have chosen.
- Place your bet by selecting your desired race and driver based on the information given above
Betting Formats
This F1 betting guide would not be complete without adequate knowledge on the different odds and betting options. Here are a few popular ones:
Outright Bet
This is the standard procedure. Here, you bet based on who you think is likely to win a race. The odds are clear, and it is usually safe too.
Podium Finish
In this section, you stake your Formula 1 bets based on whether the driver you picked would finish in the first 3. If they take first, second, or third, you win the round. Your profit depends not on whether the racer came first, second, or third, as the same price applies to everything.
Props
Under this catalogue, a gambler chooses based on the vehicle likely to win the stake. You can also guess which country the racer is likely to hail from, then stake, or what colour of vehicle will reach the end first.
Conclusion
The bottom line is information. If you’ve read this entire guide, you will realize that what you need is information. Before staking, you need info on the driver. You need info on their past season qualifications, everything. This would help you better judge where to stake your cash.
While these Formula 1 betting tips are useful, you should also remember to always trust your instinct to stay on top of the game. Good luck and bet responsibly.