F1 Betting Guide For Beginners


Posted: April 18, 2023

Updated: April 18, 2023

  • The most popular Formula 1 betting markets
  • Betting strategies and tips
  • Check out the F1 betting guide for beginners

F1 has a huge betting market, as the wagers do not simply consist of guessing the final winner of the given race, since, on the one hand, there are free practice sessions and time bets, which also offer profitable betting opportunities, and on the other hand, not only the competitors but also the car manufacturers and constructors also compete with each other. Check out our F1 betting guide before placing a bet on a race! 

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Some F1 Betting Markets?

It is definitely worth considering that, compared to traditional betting, F1 online betting has a lot of markets in store for us than guessing the final winner of the given season. Its betting options, which bookmakers constantly update, are available on every online betting site. If you want to wager before the start of the given season, you can guess the final outcome of the first race, the final winner, or the best constructor of the overall season, but there are a number of different events available during the competition series.

Depending on the betting platform, you can also bet on whether a particular driver will win a race in the season or whether he will be on the podium, as well as bet on whether a driver will perform better than the other in a given competition.

However, the possibilities are truly limitless since you can also wager on who will have the fastest lap in the race, which driver will run the best lap in the qualifications, and thus have the pole position. On some sites, you can even place a bet on the appearance of the safety car.

Available F1 Bet Types

The most well-known and popular betting event is when bettors have to guess who will win the competition and who will be on the podium in a given race. However, for fans, there are plenty of other betting options available.

When they bet on the pole position, they try to guess who will have the best lap at the end of the third qualifying round on Saturday, so who will start the race from first place the next day? This means a significant advantage in the case of certain courses, which is also worth keeping in mind.

When predicting the fastest lap, it does not matter whether the chosen competitor finishes the race or scores points, bettors simply need to be able to say who will have the fastest lap in the given race. However, it is not the least challenging form of betting.

We can not only bet on who will be the final winner at the end of the season, but we can also place bets on this at any point during the competition series. For example, after five races and after having more information, we can get better odds than at the very beginning of the season. This requires more experience, and, in this case, it is necessary to follow what happens during the season.

F1 Betting Guide: The Most Popular Markets

As you might have guessed, the most popular F1 online betting market is to guess the winner of the final points race or the final winner of the constructors’ race. Also, trying to predict the winner of a given race is also very popular worldwide.

Although many drivers compete in every race, if you take a look at the podium finishes, you will always see the same 4-5 competitors. So the chance of finding the winner of the grand prix is not bad at all. 

Another big star of the competition is the in-race bet when you have to guess which of two drivers will finish in a better place at the end of the race. Of course, if you choose a generally better driver against a competitor who hasn’t even scored a point in the season, you will not win much.

However, if you pick Alonso and Verstappen, you can find higher odds, therefore, win a bigger amount. You can check out the odds of each driver at Bet365 Sportsbook and the F1 World Championship odds in 2023!

The podium finishes is a separate betting market. In this case, you are betting that a particular, or multiple drivers could stand on the podium after the race. Surprisingly, the reverse first betting market joined the popular wagers, which means you have to guess which driver will be the first to be eliminated from the race. This market pays very well, so it belongs to the challenging betting categories.

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Live Formula 1 Wagering Options

If someone wants to enjoy live F1 betting and add even more excitement to the race, then the most popular sites, like Bet365 Sportsbook, offer quite a lot of options. Of course, for this, you need to know the statistics and the dynamics of Formula 1 very well since the bettors have to make decisions quickly, mainly because, compared to other sports, there are way more parameters that influence their options. 

For example, when the given competitor stops for a tire change or if one of the drivers receives a penalty. The commentators are an essential source of information during the broadcast, and if you pay close attention to the fact that a driver is racing with the wrong tire or stops at the wrong time, that may be enough not to bet on him.

In a car race, unexpected events often happen, a collision, a slow tire change, etc., due to which a potential competitor is forced to leave the race or gain a time disadvantage. Sometimes you can find special bets that include similar situations!

Races and Bets

In the case of Formula 1, we generally have to guess which of the 20-22 starting drivers will win the race or the possibilities of any other betting market, and thus which of the roughly ten teams will score points in the constructors’ competition.

They usually have the opportunity to do this through the 21 Grand Prix, and since every track is different, the number of laps and the tires used also change from race to race. 

Since Formula 1 tracks can be found almost everywhere in the world, many factors influence the final result of a race and whether we succeed. For example, on the Bahrain track, aerodynamics, speed, and technology all play a role. All in all, it is not enough to just bet on a driver, you also need to know the car he drives and the track where he races, etc., which you can find at online sportsbook sites in the US!

F1 Betting Guide Tips to Help You Bet on the Race

A significant number of Formula 1 bettor make their decisions with the help of information collected at online sportsbook sites in the US, so they bet based on the driving technique of the previous races, previous performances on the given track, or even the weather.

Although, you should consider many more factors if you want to be successful in the field of F1 betting. The most significant advantage is to have enough inside information, which you can easily learn on the drivers’ and teams’ social media sites!

For instance, there are some particularly detailed and up-to-date statistical sportsbooks that you can follow. There you can read data broken down into sections of tracks, depending on the weather, but you can see statistics covering the entire career of each driver, and these are always worth browsing.

Find out which driver likes which track the most and on which tracks he performs the best, etc. For example, a driver who started from 11th place or further back has never won in Monza, or Hamilton has won five times there already.

A Quick Conclusion of the F1 Betting Guide!

The best F1 betting market depends on your personal preferences and betting strategy. It’s crucial to do the necessary research and stay up-to-date on the latest news and developments in the sport, like the F1 news in 2023! The most popular F1 betting markets in order:

  1. Race winner is a simple bet on which driver will win the race.
  2. Podium finishes a wager on which drivers will finish in the top three positions.
  3. Fastest lap: predict which driver will set the fastest lap time during the race.
  4. A pole position bet means picking a driver who would start the race from the first position.
  5. Head-to-head bets consist of two drivers competing against each other, and the bettor must choose which driver will finish ahead of the other.
  6. Constructors’ Championship is a bet on which team will win the Constructors’ Championship at the end of the season.

Click here to try the best odds at bet365 Sportsbook 

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