Formula 1 is a sport that many people all over the globe love to bet on. Bookmakers are aware as to how popular this sport is which is why you will be hard pushed to find one that does not offer their customers some type of Formula 1 betting options. Below we shall provide you with some very valuable Formula 1 betting information. You would be doing yourself a huge favor if you took this on board.
Formula 1 Betting
With regards to Formula 1 betting, there are three kind of bets that are more popular than others and these are long-term, live betting, and outright. We are now going to take a closer look at these types of bets.
Outright
When you place an outright bet, you are simply placing a bet on the driver that you believe will win the race. This is the easiest type of bet to make and is great for those who are new to Formula 1 betting. To make an outright bet, all you have to do is select the odds that are on offer, enter the stake that you would like to bet, and then submit it. If the driver that you chose wins the race, you will make some profit.
Long-Term
As well as place a bet on the driver you believe will win a certain race, you can also place a bet on who you think will lift the prestigious trophy at the end of the season. As well as this, you can also place a bet on the team that you feel will win. These are called long-term bets since they last the whole season. However, you are not obliged to place such bets before the season has begun - you can time it in a way so that you get to make use of the best odds.
Live
If you are the kind of bettor that enjoys live betting, then you will be glad to find out that most bookies will offer their customers the chance to bet live. When you place live bets on Formula 1, determination and prompt thinking are two things that make your chances of success much higher. In sports such as basketball or football, you can have success with a wise, universal, and versatile approach, but when live betting on Formula 1, you need to be able to quickly make new decisions in complex scenarios. Therefore, you really should aim to try and be one step ahead at all times when betting on this sport.
One extremely useful live betting method is to try and work out when a driver will make a pit stop. Drivers need to pit stop once in the race to change tires, and this can actually lead to errors being made. If you feel that a driver is pitting at a wrong moment, simply do not bet on them at that moment in time.
Betting Strategies
If you have an account with a betting site, there is nothing preventing you from starting to place Formula 1 bets right away. However, if this is your strategy, you will simply lose more money than you will ever win. Below we have provided you with some quality Formula 1 betting strategies that you should always have in your mind when you are betting on this sport.
Have an Understanding of the Circuit History
All of the Formula 1 circuits are not equal. As a matter of fact, if you compare Formula 1 circuits who those from different racing sports you will find that they are a lot more diverse. Thus, you need to have a really good understanding as to how certain drivers have performed on the circuit you want to bet on. For example, just because a driver performs really well on circuit that has a lot of hairpin turns it does not mean that they will perform as well on a circuit will a lot of high-speed straights. When you are betting on Formula 1, you need to remember that the tracks are all different, and some drivers will do better on certain tracks than others.
Qualifying Times Are Not as Important as You Would Think
The fastest driver during the qualifying race will win the actual race, right? Many people assume this, but it is a wrong assumption to make because race conditions can vary drastically between a qualifying race and the actual race. For instance, changes in temperature, precipitation, humidity, and cloud cover are all things that can end up having a huge impact. If a driver is not able to adjust to any changes, they will struggle even if they won the qualifying race by a mile.