Formula 1 is arguably the most popular motorsport across the globe. Does the excitement of watching the fastest cars in the world get you going? Well then, betting is a great way to spice up the sport even more. Formula 1 racing provides motorsport fans a chance to leverage sports betting and odds to collect winnings while enjoying the races.

Millions of fans stay tuned and keep up with every season, and it’s no surprise that betting and racing enthusiasts are drawn to Formula 1 betting.

With that, Nitrobetting gets you acquainted with the basics of Formula 1 betting. We cover how to bet on F1, the types of bets you can make, and where you can be. We also discuss additional details that help you elevate your motorsport betting experience such as where to bet on F1.

Betting Guide on How to Bet on Formula 1

F1 Betting for Beginners

When it comes to betting on F1 races, we familiarize you with its framework. To understand how the sport works, you must know the different betting markets available for this motorsport. And last but not least, you have to comprehend the different strategies to help you amass positive results down the road.

At the time of this writing, 11 teams take part in a season, including two cars and their respective drivers on each team. A race weekend comprises a practice session, qualifying, and the race itself. While the race is the most anticipated part of the weekend, you can find more excitement as you get more in-depth.

Types of F1 bets

There are several ways to bet on Formula 1 races. We cover the most commonly seen on prominent sportsbooks, which include the following:

• Race Winner: The easiest and most common way to bet on a Formula 1 race is to back a winner. If your chosen driver crosses the finish line first, you win the bet. However, if he loses, you also lose the bet. Going for the big favorites is usually the way to go here. Although the front-runners often have low odds, you can dig deeper into a driver’s history, track information, and betting trends to find other options that offer better value.
• Podium finish bet: This type of bet is also present in each Grand Prix. But, podium finish bets give you a little more headroom than race winner bets. Here, your selected driver has to finish within the top three for this bet to yield winnings.
• Pole Position Bet: The Grand Prix holds a qualifying stage the day before the race. It features an elimination format where the five slowest drivers are eliminated after each period. Five drivers are eliminated in Q1, another five drivers are eliminated in Q2, while the final period leaves ten cars to fight for pole position in Q3. The driver that gets the fastest lap holds onto the pole position, which is essentially what bettors predict in this type of bet. The results revolve around the strongest drivers. Nevertheless, there are instances where mid-table drivers excel in the time trial format and find themselves in front of the grid.
• Future bets: Two sought-after future bets involve the Drivers Championship and the Constructors’ Championship winner. Plenty of experienced F1 bettors go for this type, but new players should know these are just as straightforward as race-winner bets. At the end of the session, the driver that scores the most points in all races wins the Drivers Championship title. Meanwhile, the team (points of both team drivers combined) that racks up the most points throughout the season gets the Constructors’ Championship title. This is the most extended type of bet made for Formula 1 and is decided at the end of the season.
• Proposition Bets: Like other sporting events, Formula 1 also gets the thrill of proposition bets. The possibilities are endless in this type of bet. A range of sportsbooks offers betting on unusual events that could happen during a race. While prop bets can be fun for casual players or experienced punters looking to add more flavor to a race, it’s always a good idea to look into the selection of prop bets beforehand. For example, a prop bet on whether a safety car will appear in a race is more likely to happen in tight and twisty circuits.

F1 Betting Tips and Strategies

Staying on the right betting track involves learning different tips and strategies. Don’t just go for the favorite or roll the dice on the underdog only because the numbers offer massive payouts. Going in blind is a waste of time and money.

Formula 1 is a sport that incorporates diverse factors to become the best team/driver in the sport. The best drivers aren’t always the surefire winners. It’s only half of the equation. Another element in the equation is the speed and reliability of the cars. Furthermore, recent regulation and car changes leveled the playing field. It allowed Ferrari to run alongside dominant forces like Red Bull and Mercedes.

The race weekend involves events from Friday to Saturday. The first day highlights a practice session for all drivers. This sets a solid benchmark for your picks come race day. Saturday covers the qualifying race where the drivers are expected to improve their lap times with their grid position at stake. Observe both days and try to understand how each team performs on the track. It’s a rare occasion where a car struggling all weekend wins at the end of a Grand Prix.

Going over historical data helps you get more information on the driver and the teams. It’s worth mentioning that drivers might perform better on twisty road circuits versus wide and fast tracks. If you have your eyes on names that have been around for a couple of years or more, make sure you go over the results recorded on particular circuits, weather conditions, and how competitive the car is at the moment.

Last but not least, consider the teammate. Each team in F1 features two drivers with a teammate to help them with the race strategy, setups, track information, drafting, and other significant information that could help them win and score points. That said, the driver with a consistent partner is more likely to perform well. It’s a distinguished tactic in the sport, especially in the 2022 season where the margins are so close, and you have trouble deciding who to go for.

Where to Bet on F1 with Crypto

Formula 1 features a continuously growing betting market for veteran and novice punters. Motorsport lovers will get a kick out of our F1 odds selection, which features Drivers and Constructors’ Championship futures and outright winners of each Grand Prix.

This is just one of the many sports betting guides that you can read here at Nitrobetting news. Stay tuned for more Formula 1 previews and articles, and don’t forget to check out the latest sports betting odds at our crypto sportsbook.