Best Formula 1 Betting Strategies - How to Bet on F1 to Win!
It’s the fastest show on Earth, which attracts petrol-heads from all corners of the planet. Apart from being loved by auto racing fans worldwide, Formula 1 is also loved by most sports bettors. If you belong to this category, but are new to the world of motor sports, it might be useful to first read over our beginner's guide to Formula 1 betting.
Learn How to Optimize Your Wagering on F1
How to bet on Formula 1 is a question that’s probably on your mind right now. The good news is that we have some tips for you. With a little bit of effort, you can become an expert F1 bettor, and experts tend to make a lot of money.
The first thing is to learn how to bet in general. If you’re from the United States or some other place where sports betting hasn’t been legal for too long, you might not know how to do it the right way. This is why we urge you to go through our guide to sports betting for beginners before placing any bets.
Formula 1 - Keys to Remember
If you’re not an absolute beginner in sports betting, it’s time to start learning more about Formula 1. It is important to remember about Formula 1 is that what’s going on off-track is as important to what’s happening on the track.
An F1 team is much more than just the driver. In fact, the race support team consists of 20 members, with additional 60 people in the paddocks. Add to that the thousands of people involved in the development of the car and you will realize that every F1 team is a major project.
Some of those projects are just too big to fail. With hundreds of millions of dollars invested in the F1 business, companies like Mercedes demand results. They have every right to do so and most of the time, they actually get the results they want.
Mercedes have won six consecutive F1 Championships from 2014 to 2019, which isn’t surprising to those who know how much money this car company has invested in their F1 team. Backing rich teams is a sure way to improve your results on F1 betting. The only trouble with this is that the odds on the big-money Formula 1 teams are not that attractive.
Best Strategies to Winning on Formula 1 Bets
There are dozens of easy Formula 1 betting strategies you can use. Still, there are two that stand out from the crowd for being safer and more profitable than others.
Strategy #1 – Betting on Futures
The F1 betting odds offered by top online sportsbooks can tell you a lot about what to expect in a race. The driver/team with the shortest odds is the one that’s very likely to win. Major surprises don’t happen very often in this motorsport.
This is the reason why the odds on favorites are not too attractive. In fact, they’re very short and they get shorter as the F1 season goes by. This is why many bettors decide to place their bets long before the start of the season. By betting Formula 1 futures, you are sure of the best odds possible.
Strategy #2 – Betting on Each Race
Another good Formula 1 betting strategy is to bet on individual races. We’re not saying that you should bet on the race winner every time, the reason being that the odds are probably not going to be very good.
Instead, a better choice would be to bet on driver matchups, called "Head to Heads" or H2H. How this bet works is that the sportsbook comes up with driver matchups, usually pairing drivers of similar abilities and similar car qualities. It’s your job to decide which driver you believe will pass the finish line first.
What’s great about this strategy is that the odds are pretty attractive. Your chance of picking the winner is 50% as there are only two possible outcomes. If you do your due diligence with all the news and statistics, you should be able to make the right betting decision.
Tips for Boosting F1 Betting Profits
Even if you’ve been really good at F1 betting, it doesn’t mean you shouldn’t try to improve your betting profits. There are some tricks that can help you boost your winnings even more. Some of those include:
Finding Best Odds
There are literally thousands of online sportsbooks out there, but not all of them are good enough for you. Some just don’t give as good odds as others. So, why would you bet at those sportsbooks? By placing bets with the best-possible odds, you make sure that your profits are as high as possible.
Grabbing Sportsbook Bonuses
Some sportsbooks give away special bonuses to those players who wish to bet F1. Even if such deals aren’t available, you can always take advantage of a bonus (e.g. match deposit) and use it to place free bets on F1 races.
Betting on Exotic Bets
Odds change depending on how much money is being wagered. If a driver is backed by a huge number of bettors, who placed large sums of money on him, the odds are going to drop.
More often than not, the odds on the favorite are so low that betting on that driver is not too profitable. For instance, to win $10 on Hamilton winning the race, you would need to wager $500. This is the reason why you might want to consider betting on things that aren’t too popular among other bettors.
We’re talking about the so-called minor bets, such as the fastest qualifier, pole position, whether there’s going to be a safety car on the track, whether it’s going to rain during the race, and so on.
