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Motorsports are slowly becoming some of the hottest options for online bettors around the world. People from different backgrounds are interested in wagering on things like F1 because the sport offers many options.
That said, betting on this sport has its specifics, and we’re about to uncover some of them.
Understadind F1 Betting
Unlike betting on many other sports, Formula 1 has specifics, and you need to understand how it works. For starters, this sport offers fewer races than other things you can find.
As you know, the F1 calendar provides many options, but you can’t bet on a different race every day. This is one of the reasons why some people go to places like Stake US because these sites also allow them to experience several casino games from reputable software providers.
Outside of the fact that there are fewer races to wager on, F1 also does not have that many competitions, especially if we compare the sport to things like football. However, F1 only has 20 drivers and 10 teams, which means that your options are limited.
Like all motorsports, F1 is a palace where the track can make a huge difference. Besides following the past performance of each team and driver, you also need to focus on the weather, the team’s strategy, and much more.
The Types of F1 Bets
Now that you know some of the basics related to betting on F1, the next step is to learn more about the types of bets. There are many options, and they will largely depend on the bookie, but some alternatives are more prevalent than others.
It starts with the Race Winner; this is the standard market that you will find all the time. With this option, you can bet on the team that you believe will win the race at the end. The odds for this market are good because, as you know, F1 is a really difficult sport to predict.
Podium Finish is another popular option that you can find while using many bookies. If you wager on it, you must select the driver among the top three in the given race. Since this market is considered slightly easier to predict, the odds are usually lower.
Aside from that, you can also find things like Pole Position, Fastest Lap, Top 6/Top 10, Over/Under, and more. A specific F1 market can also be related to the safety car and its appearance. Some bookies like to offer such markets because they know real F1 fans will enjoy them.
The Things You Should Research Before Wagering on F1
As we’ve seen, betting on F1 comes with many advantages, so it’s no surprise that people are interested in it. Nevertheless, this does not mean you should wager right away because there are specific aspects that you should research before punting.
The first important aspect is the track characteristics, and it’s a must, especially if you are new to F1.
Some tracks, such as the one in the Italian GP, allow drivers to reach much higher speeds than twisty options like Monaco. Researching more details about the track can help you decide which markets to wager on.
Another key element regarding F1 betting is related to the qualifiers and their importance.
Once you know more details about the track, you should also pay close attention to the quals because some tracks do not offer easy ways to overtake someone. In other words, choosing someone who did well in the quals can be a solid option.
The Pit Stops and Tyre Strategies
Pit stops are a key element of F1, yet only a handful of bettors take them into account when wagering.
Every team has different tactics about the pit stops and tyres, so learning more about them can help you make much better decisions.
If you analyze everything, you will see that some teams spend more time on this than others, affecting their performance.
In terms of the tyres themselves, all F1 teams use the best in the business.
How to Spot Opportunities
Like any other sport, F1 also offers plenty of opportunities, as long as you can take advantage of them. Learning how to do that takes time, however, so you need to watch what’s going on and decide what works best.
For example, backing up Max Verstappen or Lewis Hamilton might not always be a good idea. Sure, they are the big favorites, but this does not mean they will win every race. If you look closely, you can often find a lot of hidden opportunities, so take advantage of them.
In some cases, you can also see that the bookie has special bonuses for some of the more important races. That’s why you should also check the promo section before you start playing.
