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Formula One Betting Guide

The first Formula One race took place in 1950 at Silverstone, England.  The origins of F1 go back to early road races which took place in France.  These early races were done over extremely long distances and drivers and even some spectators were sometimes killed. F1 is also known as the FIA Formula One World Championship and is considered the most prestigious single seat auto racing and is endorsed by the Fédération Internationale de l’Automobile (FIA).  The word formula refers to the rules which all drivers must comply with.  These sporting events take place over a period of three days, usually a Friday to Sunday.

Types of F1 Bets

There are a number of different bets that can be placed when betting on F1.  One of those bets is an outright bet and this bet can be placed over a season of F1 racing.  A bettor can also place a wager on the driver who will win the Championship. This driver would have accumulated the most points for the various races over the season.  Bettors can also place a wager on the team that accumulates the most points and finishes first overall.   With this wager bettors will win if they successfully predict the top three places or for any driver that finishes first in the standings.  Betting on inter-team rivalries is another option and here bettors can either bet on driver A or B to finish the highest in the official standings.

There are also race events which bettors can wager on such as the fastest lap, pole position, podium placing and the safety car.  The race winner in F1 is defined as the driver that completes the race in the prescribed number of laps and crosses the finish line first in the fastest time.  Betting on the fastest lap may be set any time during the event and here bettors place a wager on the driver who will complete a lap in the quickest time.  Betting on a podium finish will mean betting on the three positions, that is, 1st, 2nd or 3rd.  Another popular wager among F1 bettors is whether the safety car will make its appearance during a race.

Betting Strategy and Tips

There are a few strategies which bettors can employ when betting on F1.  Having knowledge of the race favourites will help bettors to make a good decision.  Information on the race circuits will also be a factor to consider and also which circuits particular driver’s prefer.  An example of this would be that no driver has ever won the Italian Grand Prix if they have started lower than 11th position.

Reading previews and tips by experts in the F1 field will help bettors to build up knowledge.  These racing betting sites experts usually have inside knowledge regarding the morale of the teams.  Weather can play an important role in the outcome of a F1 race.  Some drivers do favour wet conditions and it would be good to place a wager on these drivers knowing what weather conditions to expect.

The grid position may be one of the most important factors to consider in conjunction with the race circuit.  For example it is known that the Monaco track has many twists and turns and overtaking is difficult so having a good starting position will increase the odds of a good win for the driver.

F1 has a huge following all around the world and knowing which type of bet to make and having sufficient knowledge of the sport will be the key to winning.