Everything You Need To Know About Betting On Formula 1

While most of us will be familiar with the excitement of watching the likes of Lewis Hamilton’s motor racing efforts, if you are looking to try some Formula 1 betting, you can take the adrenaline up a level. A growing number of bookmakers have started offering some great Formula 1 odds for this thrilling motor sport, and it can help even the dullest one-horse race (so to speak) gain an extra level of interest.

Our guide to Formula 1 betting will show you what kinds of Formula 1 odds you can expect to wager on, plus we will also highlight some of those bookmakers who have a great track record for providing a top class Formula 1 betting service. In addition to this, we will also provide a few basic betting strategies that you can use in conjunction with your Formula 1 predictions in future.

While most Formula 1 race seasons tend to be dominated by stars like Lewis Hamilton and Sebastian Vettel, we all know how individual races can throw up all manner of surprises. So whether you want to back the established pros, an unpredictable star like Max Verstappen, or promising drivers like Kevin Magnussen, our betting guide will tell you everything you need to know to make the most of your bets.

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Overview

Motor racing fans have been enjoying Formula 1 since the sport was established way back in 1950. Formula 1 racing showcases the pinnacle of motor sports with the world’s best drivers being given chance to race in supercharged cars that can reach top speeds of anywhere up to 235mph.

The current Formula 1 season features 21 distinct Grand Prix races that take place all over the world. The contests take in legendary racing locations such as Silverstone in the UK, Monza in Italy, and the classic Monaco Grand Prix. While Formula 1 has Eurocentric origins, it is becoming more popular all over the world and you can now expect to see races in countries like Brazil, Japan, China, USA, and Mexico.

In order to be declared the Formula 1 champion, the drivers have to pick up points throughout the course of the season that are awarded according to their finishing position in each race. However, this sport isn’t just about the drivers, as Formula 1 places equal value on the race-car manufacturers who also pick up points that are entered into the Constructors Championship.

In 2017 we saw Lewis Hamilton being declared the Drivers’ Champion while Mercedes picked up the Constructors Championship. This was Hamilton’s fourth Championship title, but he will have some work to do if he wishes to catch up with Michael Schumacher’s seven Championship wins. Over the years we’ve seen many motor racing legends like Ayrton Senna, Niki Lauda, Alain Prost, Jackie Stewart, and James Hunt all picking up the Champions’ title, and such racing immortality isn’t restricted to the drivers. Many Formula 1 fans will also support the individual racing teams, who each feature two drivers. Ferrari are one of the biggest names in Formula 1 racing, but brands like Mercedes and Red Bull have managed to dominate over recent years.

It’s the technical side of Formula One racing that keeps things particularly interesting. While the talents of the drivers should never be underestimated, the construction of each race-car and the performance of the pit team are just as important. Each Formula One season seems to bring more technical regulations that govern everything from engines to tyres, and it’s a team’s ability to observe these rules while developing evermore speedy cars that makes Formula One such an engrossing sport to follow.

Different Types Of Formula 1 Bets

Most newcomers to Formula 1 betting tend to want to just bet on the winner of an individual race. However, if you’re willing to try some alternative betting options, then you’ll quickly see just how varied and interesting wagering on Formula 1 racing can be. Here’s a look at some of the most popular Formula 1 bets.

Championship Winners

Can Lewis Hamilton be the Championship winner again? If you fancy his chances — or wish to bet on one of his competitors — then you could take an outright Championship bet. Obviously these kinds of bets take a long time to be settled, but they can be a great way to add some intrigue to the season. If the Drivers Championship looks a little too predictable, then try an outright bet on the Constructors Championship as Mercedes, Ferrari, Red Bull and the rest all try and deliver the world’s fastest race-car.

Race Winner

This is probably the most popular kind of Formula 1 bet, and you just have to wager on who will be the first driver to cross the finish line and win the Grand Prix. While Sebastian Vettel and Lewis Hamilton can dominate the Drivers Championship, individual races can always see the likes of Kimi Raikkonen, Valtteri Bottas, or Daniel Ricciardo delivering a surprise win. For extra intrigue, you can also try betting on the nationality of the race winner or even the team that they are part of.

Podium Finish

For some of the smaller teams, a podium finish can be almost as thrilling as a race win. So why not place a bet to see which drivers could achieve a top three finish — the perfect way to wager on the likes of Romain Grosjean, Sergio Perez, or even Esteban Ocon without having to hope they’ll manage to win outright.

Timed Formula 1 Bets

If you want to take it up a level, you can also try some interesting timed Formula 1 bets. Most bookies will allow you to wager on who will get the fastest lap in a particular race, and you can also try and predict the overall winning margin between the first and second-placed drivers

Retirement Bets

Of course, it’s not just those successful drivers that can wagered on. You can also enjoy making bets on who the first retirement of the race will be — perfect for when bad luck strikes Max Verstappen again. In addition to this, you can also predict which team will suffer the first retirement. If you want to go one step further, you can even bet on the number of finishers in a race, or place a bet on whether the safety car will make an appearance.

Other Fun Formula 1 Bets

Depending on which bookie you choose, there’s a chance that you will see plenty more alternative Formula 1 betting options. So if you want to bet on the fastest qualifier or just want to wager on the grid position of the Grand Prix winner, then there’s probably a bookie out there who is willing to take your bets.

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Best Bookmaker For Formula 1 Betting

With over 350 million people watching Formula 1 motor racing worldwide, it should come as little surprise to find that nearly all bookmakers now allow you a safe and easy way to wager on this popular sport. From classic UK bookies like Betfred to newer online betting sites such as Betway, you’re certain to find a bookmaker who offers you fair and competitive odds for Formula 1.

But how can you work out who offers you more for your bets? We’ve found that William Hill seem to have one of the largest selections of betting markets for Formula 1 racing, so that you can enjoy betting on anything from the fastest driver to the safety car at this classic site.

However, we have to note that 888sport have also developed a great Formula 1 betting service with a handy blog that outlines all of the latest news from the motor racing world along with some predictions for how things could pan out in the next Grand Prix. Just be sure to check back in with Betting.org so that you can instantly compare the different Formula 1 odds from different bookies and achieve the greatest value for your motor racing bets.

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Popular Formula 1 Betting Terms

Like many other sports, Formula 1 racing has plenty of unusual jargon that should be understood if you want to make sure that you know what you are betting on. Below, you’ll find a handful of terms that you should be familiar with before you lay down your Formula 1 bets.

  • Constructor —  This refers to the race team. For example, Ferrari, Mercedes, and Red Bull are all constructors.
  • Podium finish — This means a top three finish in a Formula One Grand Prix race
  • Retirement — Retirement refers to when a driver fails to finish a race. The reason for this can be anything from a mechanical failure to a crash.
  • Fav vs Field — This kind of bet allows you to bet on the favourite or anybody else in the race; for example, you could bet on Sebastian Vettel versus all of the other competitors to win a particular race.
  • Safety car — This appears on the track in order to slow down the race so that stewards can come on and clear any debris from the racetrack.
  • Pits — Drivers will enter the pits to change tyres during the race. Formulating a good pit strategy is an essential part of Formula 1 racing.
  • DRS — The drag reduction system is an adjustable flap on the back of the race car that can be used to increase speed. There are regulations on when and where DRS can be used.
  • Grid position — Where each driver starts a Formula 1 race. The front grid positions are awarded to the fastest drivers from the qualifying sessions.
  • Virtual racing — Many bookies allow you to bet on virtual motor races for a fun alternative to real-life Formula 1 racing.

Top Tips For Betting On Formula 1

As each Formula 1 race can be hugely unpredictable, it may seem like there is little hope when placing your bets. However, we think these Formula 1 betting tips should ensure that even a newcomer to motor racing should be able to plan their bets all the better.

Tip #1: Get The Gossip On The Drivers

While the stars of Formula 1 racing are all incredibly gifted athletes, this doesn’t mean that they are immune from some temperamental outbursts. You only have to hear the in-car commentary to understand just how hot under the collar these drivers can get. And just like in any sport, it’s only those who can keep their cool that are worth considering when planning your bets.

Recently we’ve seen many Formula 1 drivers who have displayed signs of discontent, which should always be factored into your motor racing betting. From Lewis Hamilton ignoring a press conference to focus on his Snapchat app, to Max Verstappen’s understandable irritation with the performance of his race-car, it’s essential to take a look at how these drivers are behaving away from the track so that you get a good idea of how they will perform once the actual Grand Prix takes place.

Tip 2: Follow The Team News

Formula 1 racing teams put in an incredible amount of work around the clock, helping their drivers benefit from the fastest car possible. As a result, there’s no shortage of analysis about how these constructors are working to give their drivers the edge while also complying with the strict Formula 1 guidelines.

You don’t have to be a Formula 1 expert to realise that Mercedes have dominating the sport in recent years, but it looks like Ferrari may have just delivered the fastest car around at the moment. This is why it can be a good idea to research the behind-the-scenes news about the development of Formula 1 cars, as this will ensure you know just how fast these race-cars could go in the next Grand Prix. Everything from the engine to the choice of tyres can play a huge part in the development of a race, so be sure to do your homework on how each Formula 1 team is preparing in order to make knowledgeable bets in future.

Tip 3: Keep An Eye On The Weather

Like many other sports, the outcome of a Formula 1 Grand Prix race is hugely dependent on the weather conditions. Certain drivers like Sebastien Vettel and Max Verstappen are able to drive phenomenally well in wet weather, while others — such as a certain Lewis Hamilton — are notable for a few mishaps when the weather gets rainy.

In addition to this, the appearance of rain at a Grand Prix can mean that the choice of tyres becomes even more important. How well a team can anticipate rain and schedule pit stops has a massive influence on the outcome of a race, and it’s no surprise to see how a few droplets can send the pit crew into a fever of panic. As a result, it’s well worth considering the conditions when planning your Formula 1 betting so dry or wet conditions can be factored in to how you use the motor racing odds.

Tip 4: Pay Attention To The Qualifying Sessions

Most casual fans of Formula 1 racing will probably only watch the main race itself. But if you are serious about succeeding with your Grand Prix bets, then you should always follow the developments of the qualifying session. Not only will this show you who will get the coveted pole position on the grid, but it will also give you the chance to see how different drivers are coping with the circuit.

While the qualifying sessions once used to be fairly simple, they have become more complex, and now feature knock-out rounds that allows qualifying drivers to get an extra set of soft tyres so that they can improve that all-important lap time. Seeing how each driver performs in the qualifying rounds can give you an excellent indication into how they will enjoy the race-day itself, as well how well their pit team is functioning  — and don’t forget, many bookies also allow you to wager on who will get the fastest qualifying lap time too.

Tip 5: Don’t Always Bet On The Winner

As the likes of Lewis Hamilton and Sebastian Vettel seem to win more than their fair share of races, it may seem that if you back either of these two, you’re sure to suffer from unfavourable odds that are incapable of deliver much in terms of your potential winnings. This is why it can be good to try a few alternative betting markets, where the odds could be higher and the chances of a decent potential profit are also improved.

Anything from a podium finish bet, to the fastest lap, can generate much better odds than a standard race winner bet. Plus if the Grand Prix is held at a notoriously difficult track like Spa in Belgium, there’s always a good chance that there could be more than a few retirements. In which case, betting on the number of classified finishers, or even the first retirement of the race could give you a great alternative to a race winner bet. All of which show that Formula 1 betting is about so much more than just which driver will be the first to see the chequered flag.

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