Home Blog Sports world Get Ready for the Return of Formula One: Know How to Bet?

Get Ready for the Return of Formula One: Know How to Bet?

Counting Down to the Return of Formula One Racing | Get Ready Now!

Published on 07 Mar 2023

Table of Contents:

Formula 1 continues to be one of the most exciting and high-tech racing series in the world. The pinnacle of motorsport attracts millions of fans around the globe with its combination of cutting-edge technology, lightning-fast cars, and the world’s best drivers competing on iconic circuits. Are you ready?

How to Bet on Formula 1?

Betting on Formula 1 can be exciting and rewarding if done correctly. However, due to the many variables that can influence the outcome of a race, it can be challenging to bet on F1. Here are some tips on how to bet on Formula 1:

  • Understand the Sport

Before betting on F1, it is crucial to have a good understanding of the sport, the drivers, and the teams. Research past performances, the circuit, and the weather conditions to gain insights that can help you make informed bets.

  • Choose a Reputable Bookmaker

Select a reliable and trustworthy bookmaker to ensure that your bets are safe and secure. Look for bookmakers that offer competitive odds and a range of betting options. FBR is already gor a list of most reliable and trusted bookmaker, check them here.

  • Focus on High Odds

Due to the unpredictability of F1, it is advisable to bet on higher odds rather than low odds. Look for bets with a quote of at least 2.00, where the probability of a pass is high.

  • Practice on a Virtual Account

For beginners, it is recommended to practice on a virtual account before betting real money. This way, you can get a feel for how the betting process works and develop a strategy without risking your money.

  • Consider Race Betting Strategies

There are two race betting strategies in F1. The first is to bet before qualification, where you can place general bets that do not directly affect the order of drivers in the classification. The second is to bet after qualification, where you can take advantage of high odds for strong drivers who failed to qualify highly or were penalized.

The Difference between Betting on Football and Formula 1

Betting on Formula 1 differs from betting on football in several ways:

  1. The number of possible outcomes:In football, there are three possible outcomes – home win, away win, or draw. In Formula 1, there are many more possible outcomes since there are usually 20 drivers on the grid, and any of them can win the race.
  1. The importance of qualifying:In Formula 1, the grid position is crucial as it can heavily influence the outcome of the race. This means that a driver’s performance in qualifying can be a significant factor in determining the odds of them winning the race. In football, the importance of the match itself is usually the main determinant of the odds.
  1. The nature of the sport:Formula 1 is a sport that is heavily reliant on technology and the performance of the car. This means that the teams with the best technology and drivers are usually the ones that win the races. In football, there are many other factors that can influence the outcome of a match, such as injuries, weather conditions, and the form of the team.
  1. The length of the event:In Formula 1, a race can last for several hours, while a football match typically lasts for 90 minutes. This means that there are more opportunities for in-play betting and for bettors to adjust their bets based on the progress of the race.
  1. The availability of information:In football, there is a wealth of information available to bettors, such as team form, head-to-head records, and injury news. In Formula 1, the amount of information available can be more limited, and bettors may need to rely on their knowledge of the sport and the track to make informed decisions.

Knowledge of Formula 1 sports betting is not all you need. A reliable bookmaker is the key to the success of your bets. Free Betting Reviews together with its reliable partner Stake prepared for you a bonus in the form of 2 USD reload for 7 days. Do not waste time, Formula 1 is around the corner. 

Predictions and Odds

The odds and predictions for the upcoming Formula 1 season are already speculated, and the expert bookmakers from Free Betting Reviews have given their estimated chances of each driver and team winning in various categories.

  • Max Verstappen is considered the favorite for the championship title in 2023, with odds of 1.73.
  • Lewis Hamilton and Charles Leclerc are seen as his main rivals, with odds of 4.50 and 5.00 respectively.
  • In terms of individual Grand Prix wins, Verstappen is also the favorite for the Bahrain GP, with odds of 2.25.
  • Leclerc has the second-best odds of winning in Bahrain at 3.50, followed by Hamilton at 6.00.
  • Sergio Perez, George Russell, and Carlos Sainz are seen as the next most likely to win the Bahrain GP, with odds of 9.50, 11.00, and 19.00 respectively.
  • Red Bull Racing is favored to win the Constructors’ Championship, with odds of 1.95.
  • Mercedes is seen as their main rival for the title, with odds of 2.70.
  • Ferrari is a distant third in the odds for the Constructors’ Championship, with odds of 4.33.
  • Williams is seen as the least likely team to win the Constructors’ Championship, with odds of 2001.00.

It’s worth noting that these odds can change throughout the season based on each team’s performance, so it’s important to keep up with the latest developments in the sport. Nonetheless, these odds and predictions give fans and bettors an idea of who the bookmakers think will come out on top in the 2023 Formula 1 season.

As the 2023 Formula 1 season approaches, it’s time for fans and bettors alike to get ready for the return of one of the most exciting and high-tech racing series in the world. Betting on Formula 1 can be challenging, but with a good understanding of the sport, choosing a reputable bookmaker, focusing on high odds, practicing on a virtual account, and considering race betting strategies, success can be achieved. While Formula 1 betting differs from football in several ways, the availability of odds and predictions from expert bookmakers can help bettors make informed decisions and stay ahead of the game throughout the season.

Latest news