| Formula
One racing is not a year round sport, but it does offer
plenty of action during the season, which usually runs from
March to October. Newcomers to F1 racing could be forgiven
for thinking that betting opportunities are limited to picking
the eventual winner of each race (or maybe the runner up),
but they would in fact be very wrong. F1 is an intricate
sport and there are a wide range of bets to reflect that.
Bets Related To Qualifying
The day before every Grand Prix race the teams need to compete
in a qualifying hour to determine their starting position
on the grid for the race itself. This qualifying hour is
a betting event in its own right, and – by betting
with both traditional bookmakers and spread betting firms
– you can speculate on everything from qualifying
times through to who will get win Pole Position.
Click here for a list of companies
offering bets on qualifying
Bets Related To The Individual
Race
The Grand Prix race itself is obviously a focal point for
Formula One fans who like to have a bet. The most popular
bet is one where you pick a driver to be the outright winner
of an event. You can bet to win or each way. Bet to win
and your nominated driver must win the race for your bet
to win, but if you bet each way you will receive a payout
at 1/5th of the win odds if he finishes in first, second
or third place.
You can also bet on the “Top Scoring Constructor”
in an event. This allows you to bet on any participating
constructor (such as Renault, Williams or Mc Laren) to achieve
the highest number of constructor championship points at
the designated event. This is a popular bet, as constructors
receive points for finishing in any of the first eight places.
Click here for a list of companies
offering bets on individual races
Bets Related To The Overall
Championship
The appeal of bets related to the overall championship is
simple to understand – one bet can provide you with
a financial interest in Formula One racing for the entire
season. It doesn’t always matter so much if your nominated
team or driver fail to do well in the first Grand Prix race
of the season, because they may do much better in subsequent
events and still come out on top overall. Again, the two
main types of bet here relate to individual drivers and
constructors.
You can nominate an individual to win the Formula 1 World
Drivers Championship, and you can bet to win or each win.
Betting to win requires the individual to win, but betting
each way means that you will get a smaller payout (usually
1/3rd of the win odds) if that individual comes first or
second overall. Betting on a team to win the Formula 1 World
Constructors Championship does not allow for each way betting,
but since there are half as many teams as there are drivers,
this makes sense.
Click here for a list of companies
offer bets on the overall championship
Related article: Winning
tips for F1 betting
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