Online Formula One Betting
One of the biggest advantages of betting online is being able to place wagers on all major international sports. This includes Ice Hockey, Baseball, Basketball, American Football, Horse Racing Tennis, Soccer, Rugby and everything in between. But, for motorsport enthusiasts, online Formula One betting offers plenty of action on one of the world’s most popular seasonal events.
Understanding Formula One
For those who are new to the sport, Formula One is the highest level of motor racing in the world. Using a combination of custom built and street tracks, F1 drivers exceed speeds of 230mph, relying on driver skill and the quality of the car to get them to the finish line in the fastest time possible.
The Formula One World Championship is an ongoing championship running from March to November each year. For online sports betting purposes, the 2018 Championship has 11 teams participating, with 2 drivers per team. Some of the most popular teams include Ferrari, Mercedes, Red Bull Racing, Renault and Hass. Popular Drivers include Lewis Hamilton, Sebastian Vettel, Valtteri Bottas, Kimi Räikkönen and Daniel Ricciardo. The Championship generally consists of 21 individual races or Grand Prix held at different locations around the world. Punters can bet on each race or the Championship outright.
Grand Prix Races
The Championship is split into 2 main categories, namely the Drivers’ Championship and the Constructors Championship. For each completed race, drivers are awarded points depending on where they finish. The constructor also receives points for every car in the point line-up. At the end of the season, the driver and the constructor with the most points wins the championship.
Formula One is popular with mobile online sports betting as Grand Prix races extend throughout most of the year.
Popular Wagering Options
Online Formula One Betting can also be broken down into 2 main categories. Firstly, there are Championship future bets where punters predict which driver or constructor will win the Championship. In 2018, 12 out of the 21 races have been completed. Currently, Lewis Hamilton tops the point log on 213 points, while Sebastian Vettel is close behind on 189 points, proving just how nail bitingly close results can get.
The second type of F1 online sports betting is Grand Prix related. Every Grand Prix offers up a host of wagering options and markets. Before the main race, drivers participate in the pre-race qualifying session where they try and set the fastest lap time. This determines the grid position and the driver that will take pole position. One of the most popular wagers is which driver will start the Grand Prix in pole position.
Next to pole position, another popular online Formula One betting market is the Winning Driver. This is simply a wager on which of the drivers will win the race. Bets can also be placed on which driver will set the fastest lap during the race, the winning manufacturer or predicting the top 3 finishers. Prop bets are also popular where wagers can be placed on if the safety car will be brought out, if anyone will crash, how many pitstops a driver will make and if there will be sprint to the finish. Putting money on this sport is just as exciting as watching it, and you may well walk away a winner!