What is Formula 1 Betting?
If you like car racing or cars in general, then you are probably familiar with what Formula 1 or F1 is. For those of you who are yet to be familiarized with the term, F1 is one of the most prestigious auto car racing championships in the whole world. All the racing cars in F1 are real aces with an open cockpit and wheel, making them perfect for F1 Championship.
The terminology of F1 is an interesting one. Here, the word formula stands for the rules that drivers have to follow while racing. The 1 is derived from the grade that is given to the race track. Formula 1 is only used when the racing track has been graded one by FIA. Fédération Internationale de l’Automobile or FIA is the name of the federation that is in authority of Formula 1. Formula One season refers to car racing championship series like the Grand Prix where the drivers compete against each other to cross the finish line of a purpose-built track.
As the tournaments progress, the elimination of participants takes place until the top 10 deserving candidates remain. F1 or Formula 1 Betting is when you place bets on any car racing championship that falls under Formula 1 rules.
The Best Betting Site for Punters in India
Regardless of which sports you want to bet on, it is crucial to sign up for a reliable betting website. One of our top-most recommended sportsbooks is 22Bet.
22Bet offers a vast range of features for a smooth betting experience for its users. This includes a live betting feature, casino, bonuses, Esports and many more. The bookmaker offers sports like basketball, table tennis, Formula 1, cricket, tennis, ice hockey, volleyball, American football, Esports, etc.
At the time of writing, 22Bet had around 1478 football events listed. It has around 1000+ markets offered daily for the users. Some common betting markets at 22Bet are Next Goal, IT1/IT2, Asian Handicap and many more.
Which F1 Tournaments Are Good To Bet On?
The Formula One Championship comprises all the Grand Prix races worldwide. Let us take a quick look at the F1 tournaments which are good to bet on if you are in India.
Circuit of the Americas, US Grand Prix
The US first joined the F1 championship in 2012. Many drivers and fans are absolute fans of the US Grand Prix race track due to its technical outline and a smooth run uphill. And since the US Grand Prix is one of the most popular racing events out there, it wouldn’t be such a bad idea to bet on the tournament.
Yas Marina, Abu Dhabi Grand Prix
Abu Dhabi radiates nothing but luxury. And this is evident from the Yas Marina race track for the Abu Dhabi Grand Prix. The modern-day splendour with the yachts gives the race track a timeless feel to it.
The hype behind the Abu Dhabi Grand Prix is as rich as it sounds. Therefore plenty of bettors place wagers on the teams of this race track.
Autodromo Nazionale Monza, Italian Grand Prix
The Italian Grand Prix is one of the oldest. It was created back in the 1920s. If we had to pick one of the oldest yet popular race tracks from the F1 calendar, it would probably be the Autodromo Nazionale Monza.
Which Tournaments Are The Most Important in F1 Betting?
Certain Grand Prix tournaments are extremely important, which is why they rank at the top of all the Grand Prix series.
Miami Grand Prix
For those of you who keep up with the latest F1 updates already know why the Miami Grand Prix is one of the most hyped race events of the 2022 Miami Grand Prix. And for those of you who don’t know, the Miami Grand Prix is a completely new race track and location, which has created a lot of buzz among fans.
This new addition is sure to get plenty of traction, and so is the world of F1 betting.
Monaco Grand Prix
The Monaco Grand Prix is one of the very best car racing events. Being a part of the traditional car racing arenas, it still hasn’t lost its popularity among F1 fanatics. So although the street circuit is years old, the modern day grand prix cars still find a good balance to complete the whole picture of the Monaco Grand Prix.
Marina Bay, Singapore Grand Prix
Another favourite of the Formula 1 calendar, the Singapore Grand Prix has quite a backdrop to offer due to the pretty city lights. The race track is modern yet an absolute classic due to the lighting.
Albert Park, Australian Grand Prix
The Australian Grand Prix has gone through some serious renovation in the last two years. The pit tracks have been widened and two turns have been removed.
The race tracks for this one is a real deal. The circuit is adequately flowing and the tracks have a somewhat real street feel to them. This makes the tracks slightly different and unique for the drivers.
As one of the greatest sports events in motor car racing, the Australian Grand Prix attracts a lot of fans. And most of them are more than ready to bet on these tournaments every year.
The Odds in F1 Betting
For the odds in F1 betting, one has to consider the favourite team. For example, if the favourite team is Mercedes’s Lewis Hamilton, and the odds are -125, then placing a wager of 125 INR will give you a payout of 225 INR. The profit made can be less for the favourite as the probability of the outcome is higher.
The odds may also be made in a 3:2 format. For example, the odds for Red Bull’s Max Verstappen may be +200 for being the second favourite. Here, if a bettor places a bet worth 100 INR, then the payout will be 300 INR.
This way, the odds can also be at a ratio of 2:1.
How to Find Best Odds in F1 Betting?
There are two ways of finding the best odds in F1 Bets.
Third-Party Paid Websites
You can find the best odds for F1 bets by signing up for any paid website which gathers the best odds for its users to bet on. This will require you to pay an additional amount of money but it will not require you
Browsing Several Sportsbooks
If you want to look for odds in this way, we should warn you that this may consume quite a bit of your time. You will have to jump from one sportsbook to the other in order to find the best odds. But it will be worth it when the payout is higher.
Which Markets Are Usually Available for Punters When Betting Online?
Sportsbooks show their innovation by offering unique betting markets on the sports events available on the sports section of F1 betting sites. To help you get acquainted with a few, here is a list of the common and popular betting markets offered by most F1 betting sites.
The majority of the people who sign up for fF betting sites want to place their bets on the driver they think will win the race. Needless to say, it is in fact one of the most popular betting markets for F1 bets and is commonly offered by most bookmakers.
The odds for F1 bets are always good as it happens in real-time. Indian punters also enjoy the F1 events a lot as the thrill and excitement is never-ending. One thing you could consider while placing this bet is to see the positions of the drivers before the race commences. Chances are that the drivers at the very front of the starting line will cross the finish line first.
The second best betting market that you will discover on plenty of F1 betting sites is this one. For this bet, you are not wagering on a single race. You can wager on the number of wins a driver will make in one Formula 1 Championship Season.
Disclaimer: You do not need exact numbers for most of the time. However, every sportsbook has a different rule that they follow. This type of betting market can offer some of the greatest odds for f1 bets.
Therefore, if you really want to profit from such betting markets, we would recommend you to sign up for F1 betting sites which offer them.
This is the third-best betting market that we could think of. Besides predicting the best driver of the season, you could also wager on the best constructor of the F1 season.
If you have placed this bet before, then you already know that the majority of the users tend to place bets on Mercedes. However, the odds for this constructor are usually a lot less due to the risk factor being so low.
So if you are not positive that a constructor will win for sure, you can take other constructors into consideration. That way, the odds will also be greater and you will get a much higher payout.
In this type of bet, the bettor wagers on whether a driver will be able to claim the first, second or third position by finishing. This is a fairly easy bet as you do not have to choose any specific position. If you are 100% sure that a driver will make it to any of the three positions, you win the podium finish bets.
For prop bets, you can bet on anything other than who will win the race. Bookmakers can show their innovativeness while creating these prop bets as they are very unique.
For example, a prop bet could ask you to predict the number of cars that will not make it to the next race. It could also require you to predict the driver who will have the fastest pit stop and many more. However, prop bets are slightly difficult to find. Not every F1 betting sites offer prop bets. Therefore, you may have to dig in and do your own research to find prop bets with great odds.
If you want to place a futures bet, you have to be quick on your feet to do so. This is because most F1 betting sites close this betting market right before the event begins.
For futures bet, punters in India bet on the team or driver they think will win the Championship.
Short-Term Betting in Formula 1 Betting
Short term bets are quick and easy. You get to cash out right away and get to see the outcomes in real-time. What’s more, the races do not even last that long for you to have to be on the edge of your seat for long.
This type of bet includes the winner of a particular racing event or a podium finish bet.
Long Term Betting in Formula 1 Betting
On the other hand, long term bets require more strategic betting tactics. This is why if you have years of experience in sports betting, or specifically in motorsports betting, you can opt for long term bets.
When you place a long term bet, you have to wait till the end of the season to find out the outcome. Moreover, as the events come to an end one by one, the thrill doubles as you have already placed your bets and you may never know what could happen in the next race. Not to mention, the odds are greater for long term bets. But only because a lot is at stake here. Therefore, if you want to try out long term bets like the futures bet, you should sign up for F1 betting sites which are offering this market.
Live Betting / In-Play Betting in F1 Betting
Almost all of the renowned sportsbooks have a live betting feature on their homepage. But have you ever wondered why live betting or in-play betting is so popular in India?
There are plenty of advantages of live betting. Let’s go through some of them, shall we?
- For the majority of the people, it is more about the fun you get out of the bets, rather than placing the bets themselves. When people place pre-match bets, they usually spend a lot of their time looking for the perfect betting strategy and complex calculations. But in live betting, you wager seeing how the game unfolds in real time.
- If you are having recurring losses throughout the event, you can call for a payout then and there to put a pause to obviate yourself from having more losses.
- Some live betting markets have the best odds that regular F1 betting sites don’t.
The Betting Sites for F1 Betting
Do not have formula 1 betting on your current sportsbook? Well, there is no need to worry because there are plenty more who offer multiple f1 events on their sportsbook.
PariMatch being one of those bookmakers, users can simply sign up on their website to get started with their f1 bets. However, you will have to make a deposit before you are able to make wagers.
The sportsbook also offers a betting exchange feature which is very rare for bookmakers available for Indian bettors.
Frequently Asked Questions for F1 Betting
Is Formula 1 a good sport to bet on? Yes, F1 Championships are good sports to bet on. F1 bets can also give you a different gambling experience which sports like cricket and football won’t.
Is there any opportunity to make a good profit within Formula 1? Yes. One can make huge profits within Formula 1.
How do I best get started by betting in Formula 1? For starters, you will have to sign up for an online betting site. Once you are done, send a deposit to the betting account and get started with your betting in F1.
Is Formula 1 a safe and fair market to bet on? A market is as safe as the betting website is. So if you have signed up for a well-known betting website, it should be safe and fair to bet on F1 markets.
The Stars in Formula 1 Betting
These are the stars that F1 Championships have given the world to date.
Lewis Hamilton
The guy is still breaking world records in the motor car racing industry. Therefore, some may find it odd that his name is at the top of our list. However, he is the most deserving F1 driver to date because he has already accomplished so much. And experts believe that he hasn’t reached his peak yet. So imagine what Lewis Hamilton will do in a few more years.
Juan Manuel Fangio
Fangio was a hero in the 1950s. He has 5 titles to his name for world championships and has been a part of Ferrari, Maserati, Alfa Romeo, as well as Mercedes-Benz.
Elizabeth Junek
The female driver participated in a race in 1927. Junek stood fourth in the German Grand Prix, making her one of the very few women in history to have had the opportunity of being a part of f1.
Jim Clark
Clark won the hearts of many motorsports fans in 1963 and 1965 by winning two world championships. Introverted in nature, the driver has claimed 25 titles in the Grand Prix and his smoothness behind the wheels is something that has always been commendable.
The Best Teams
These are teams who have made numerous victories in f1 Championships over the years.
Mclaren
Mclaren has been a part of the F1 World Championships since the very beginning. In 1963, Bruce McLaren founded the team and has had some of the best drivers including Niki Lauda, Aytron Senna and Alain Prost.
Mercedes Benz
Although the team performed exceptionally well in its initial years, it did take a pause for a good while afterwards. However, they came back stronger in 2010, winning 63 out of the 79 races the team has participated in.
Lotus
If you want teams that are innovative, Lotus has to be on top. This team was founded in the 1950s by Colin Chapman. Lotus participated in the first F1 race by entering the Monaco Grand Prix in 1958.
Williams
This team has had the opportunity of winning 114 Grand Prix races and 7 Drivers Championships. Williams happens to be one of the F1 teams who have won over 100 motor car races. They also hold the title for winning 9 Constructors Championships.
Summary - Formula 1 Betting Sites
Plenty of people around the world are fascinated by cars. And a lot of these people are also into car racing Championships like the F1. So if you are looking for sportsbooks that offer F1 bets, do consider the two sportsbooks we mentioned above. We are positive you will have a smooth sailing towards F1 bets once you go through this guide!