Formula 1 betting – Odds & more

Formula 1 is the top class of single-seater auto racing in the world. Every year, drivers compete head to head on road courses and more traditional courses in what are known as Grands Prix. The sport captures the attention of race fans all over the world, even as its “home” is considered Europe. Race fans throughout the world are also interested in betting on Formula 1, and there are plenty of strategies to figure out the odds and advantages in betting lines. Let’s take a closer look and let me show you several sites where you can place your bets.

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The top driver each year

Formular 1 bettingThe FIA is the organization that runs the Formula 1 circuit. Each year, they award the Formula One World Drivers’ Championship to the driver who is the most successful over the full season, as determined by the points he is able to earn in the Grand Prix results. The world championship for 2020 will be the 71st running of the organization’s season. There will be 22 Grands Prix races that will be held this season, which is set to start in March and end in November.  The defending world champions are Lewis Hamilton as the World Drivers’ Champion and Mercedes as the World Constructors’ champion. They both won their sixth championship titles in 2019.

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If Lewis Hamilton wins the 2020 championships he and the legend Michael Schumacher will be the 2 most successfull drivers of all time.

Wagering one driver against another

One way to bet on Formula 1 racing is to bet on what is similar to a handicap bet in other sports. While Formula 1 is a lot like golf in that there are multiple competitors all striving for one title, online sportsbooks today can create prop-type bets that will have a handicap so you can bet on the race each way.

With this type of bet, the online sportsbooks will set hypothetical matchups between two drivers. Then, the outcome of the bet will be determined by which driver finishes ahead of the other driver at the end of the Grands Prix. The online sportsbooks will set a handicap line based on who they believe the favorite and underdog in this matchup are, and then the odds will be set accordingly.

For example, they may set Driver A as the favorite and Driver B as the underdog, with Driver A being listed with -145 odds and Driver B having +135 odds. What this means is that you’d need to be $145 on Driver A to win $100, while a $100 bet on Driver B would net you $135 if it were successful.

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Wagering on the world champion

If you’re looking to make a prediction at the beginning of the Formula 1 season on how it will end, then you’ll want to take a look at futures bets that are available. With these futures bets, you will be looking at a set of odds that the online sportsbooks set for events that will happen at the season’s end.

The most common type of futures bets for Formula 1 would be choosing the world championship winner for both the driver and the maker of the car. This bet would be concerned with only who would be crowned the champion at season’s end, and wouldn’t be concerned with how they performed in individual races.

At the beginning of the Formula 1 season, online sportsbooks will set odds for every driver to win the world championship. The drivers considered the favorites will have the shorter odds, while the other drivers will have the longer odds since they’d be considered the longshots.

For the 2020 season, the favorite to win the Drivers World Championship is Lewis Hamilton, who currently has odds of:

DriverOdds
Lewis Hamilton-800
Valtteri Bottas+450
Max Verstappen+2500
Charles Leclerc+30000

Simplify your wagers – predict one race

If you’d rather take your bets race by race, then you’ll want to focus instead on the odds listed for individual races in the Grands Prix season. For each race, the online sportsbooks will list odds for each driver and constructor that is competing. Just like the futures bets for the world championship, the drivers/constructors considered the favorites will have shorter odds, while the others will have longer odds.

The available Betway sports

Betway Sports is a great sportsbook that offers many Formula 1 wagers

With these bets, you’ll only be concerned with the individual race in question. It doesn’t matter how the driver/constructor performs in any other race in the season — just the one on which you’re currently betting. This allows you to focus in on recent performances of drivers, and specific courses and how they’ve done there in the past when trying to make your betting decisions.

Do your research to gain an edge

One of the best ways to gain an edge in Formula 1 betting is to do research on the different courses and how each driver/constructor has done at that course before. With so many different types of courses in the Formula 1 season, some drivers may be stronger than others at certain types of Grands Prix.

Even if one driver isn’t a real true competitor for the world championship for the entire season, he may have a good shot at doing well in one particular Grands Prix, for example. This could provide you, then, with a good opportunity to cash in on solid odds that would pay you well.

You also want to take a look at drivers who are riding in car makes that perform well overall. For example, Mercedes is the heavy favorite to win the Constructors Championship for 2020. Find out which drivers are in Mercedes, and try to go with them for winning individual races and even futures bets.

Formula 1 betting summary

The 2020 Formula 1 season will get underway next month, so now is the time for you to start your research and get prepared for all the action that will happen at courses around the world. Formula 1 is an action-packed sport to watch, and a great one to bet on, too. By understanding how the Formula 1 season works and how the Grands Prix work, you’ll be better positioned to cash in at the sportsbooks and motorsports online betting.

James Cooper, Editor-in-Chief
This racing series offers many outright wagers and live betting options.

James Cooper, Editor-in-chief

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