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The fast-paced nature of motorsports means it’s a great target for betting enthusiasts. You’ve got tons of races to watch throughout the year with loads of different championships across multiple disciplines.
It’s definitely a growing sector in the sporting world, but which motorsport betting markets are the best? We’ve singled out a few for you in this guide that are all great for individual reasons.
How to bet on motorsport markets
Before you see the different betting options, let’s discuss how you bet on motorsport markets. Different events are available across a series of gambling sites that accept credit cards, so it’s very easy to place wagers and fund your accounts. We’ve got a very simple guide on how to begin your betting journey which can be viewed below:
- Pick your favourite betting markets – Choose whatever motorsport you want. It can be one of the options we’ll discuss later or a completely different one. Once you’ve decided what to bet on, move to the next step!
- Find a collection of betting sites – Make sure these sites provide betting options for your chosen market. The easiest way to do this is by searching for the motorsport in Google with “betting” after it. You’ll immediately be shown a list of viable sites.
- Compare the different betting operators – You’re now armed with a shortlist, so you can compare the different betting operators. Look at review scores from around the web to gauge which sites are the best. It’s also very smart to compare welcome bonuses, ensuring you join a site with a great deal for you to take advantage of.
- Pick a site and create your account – After deciding which site is the best from your list, join it by creating an account. You’ll need to provide accurate personal details and some verification documents. So, have your ID ready and take a photo of a recent bank statement for proof of where you live.
- Deposit money and start betting – When your account is fully verified, you’ll be allowed to deposit funds and start betting. Make sure you deposit the right amount of money to unlock any welcome offers. From here, scroll through the sportsbook until you find your chosen motorsport market. If the site has too many sporting options, look for a search bar and type in the name of your motorsport or the event you wish to bet on.
After all of this, you’re in the prime position to put a wager on and see if your predictions come true. It all begins with a betting market, so let’s look at the best ones in the world of motorsport.
The best motorsport betting markets
We could’ve chosen loads of different motorsports, but these three stood out as the ones you should devote most of your attention to:
Formula 1
You can’t hide from the popularity of Formula 1 racing. It’s comfortably the biggest motorsport globally and also takes the number one spot as the best motorsport betting market. Why? Because it has some key things you want in a great betting market when it comes to consistently winning money:
- It’s easy to predict
- You have loads of races to bet on
- There are different things to bet on every weekend
Formula 1 is fairly easy to predict in that you usually know who stands the best chance of winning every weekend. Predicting the top 10 isn’t too challenging either, and it’s even easier to predict things like the constructor with the most points in a weekend. This makes the sport great for betting as you have a bigger chance of being correct.
Does it mean you get massive wins every weekend? No – but it does mean you have a good chance of actually winning your bets and slowly building on your wins week after week. Few sports offer this opportunity as they’re normally very unpredictable, but F1 is the opposite of this.
IndyCar
Many people see IndyCar as a slightly lesser version of Formula 1. Both provide open-wheel racing, though IndyCar has always been perceived as “easier” than F1. This isn’t that fair given IndyCar is a spec series – which means all the cars have to be the same. It creates a more even playing field, making the motorsport harder to predict.
While we lauded F1 for its predictability, we need to commend IndyCar for being unpredictable! Both are great from a betting standpoint as the unpredictability of IndyCar racing means you get much better odds across the board. It opens the door for long punts – bets with tiny stakes but big win potentials.
For instance, you can bet on someone who’s 10/1 to win an IndyCar race and they genuinely might win it. The same odds in F1 are never going to come through and you’ll waste money. If you like taking punts and placing small-stakes bets, IndyCar is the perfect option for you.
NASCAR
While not hugely popular on a global scale, NASCAR remains the most viewed motorsport in the US, comfortably ahead of Formula 1. Most races will be performed on speedways or “oval” tracks, which is different from a lot of motorsports. IndyCar often features these tracks but has introduced more traditional racing courses in recent times.
The nature of NASCAR racing makes it even more unpredictable than IndyCar. As such, it’s also fantastic for placing your low-stakes bets in the hope of winning a sizeable profit. To give you context for this, an upcoming NASCAR race features the favourite at odds of 9/1 while the tenth favourite has odds of 13/1. There’s barely any difference, so there’s huge potential to score a win with a small bet.
However, that’s not why we’ve put NASCAR on this list. The main reason it’s here ahead of other motorsports is that most bookmakers provide unique bets for it. This includes grouping drivers together for accumulators, predicting who’ll get a top 3 finish and much more. It adds more variety than most other motorsport markets and we love that!
If could only bet on three motorsports, it would be the ones above. Those of you who prefer predictable bets with high wagers and steady profits will love Formula 1 betting. If you’d rather take risks with lower wagers and larger, more unpredictable, profits, then NASCAR and IndyCar are more to your liking. Regardless, make sure you bet responsibly and set budgets to avoid causing financial stress.
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