Formula One Betting is one of the most popular sports in the world, and the top single-seat racing series as sanctioned by the FIA.
The thrills and spills are watched worldwide with around 600 million people viewing each race, the drivers being household names around the globe.
Below you will see an explanation of how the Formula One season works. After that you will find information on the different bets available in F1 throughout the year.
Formula One Betting – How the Season Works
The season runs from March to November and currently has 19 races, starting with the Australian Grand Prix and ending with the Abu Dhabi race. Each race weekend features three practice sessions, a qualifying session and the race itself.
The top ten drivers in each race receive points, with 25 points for the winner sliding down to 1 for tenth. The points are doubled in the very last race of the season. The points are added together, and the driver with the most points becomes the World Champion, the constructor with the two cars scoring the most combined points winning the Constructors Championship.
Formula One Betting – Futures or Outright Betting
The driver’s championship is the main futures market in F1. You’ll be able to bet on this before the season starts and throughout the F1 calendar, up until the final race. The oddsmakers will offer their first markets as soon as the previous season ends. This market will change before the opening race, as teams showcase their new cars, adapt to rules changes and pre-season testing takes place. It’s not unusual to see wholesale changes in the betting over the winter, with new drivers becoming favorites and others dropping back because of particularly good or bad performances in testing.
The other futures wager is the Constructors Championship. This market will react the same way as the driver’s championship to testing, with the focus being on both cars of the team, as opposed to individual drivers.
Formula One Betting – The Race Weekend
Each race weekend in F1 starts on a Friday with two practice sessions. Another follows on Saturday morning before qualifying takes place in the afternoon, the next action being the race itself on Sunday afternoon. The practice sessions can be a very good guide for the race; however, not all of the teams will be trying one hundred percent here, so be careful reading too much into these sessions.
Formula One Betting – Qualifying
The first big betting event of the weekend is the qualifying session. Sportsbooks offer odds on which driver will qualify in pole position. The qualifying session takes over three mini-sessions within the hour, the slowest six cars dropping out after the first session, another six dropping out next, leaving the top ten to fight it out on the final session.
Formula One Betting – The Race
There are many bets you can have on each race. The top choices are listed here:
Race Winner – This is the most popular market of any weekend. The race winner market will be available after the previous race has taken place, and the odds will change on this throughout the week and during the practice sessions. The most dramatic change will take place after qualifying, when the driver on pole position will on many occasions assume the role of favorite. As a bettor you can bet on this at any time: you can make a bet before any of the action starts, wait for the practice sessions or wait for qualifying itself – you can even place a wager throughout the race.
The great thing about F1 is that all of the times of any session are freely available which helps when wanting to form an opinion on the race. If you are serious about F1 betting you should make full use of these.
Winning Constructor – Which car will win the race? Here you’ll be cheering on two cars, with obviously lower odds than the race winner market.
Fastest Lap – Which driver will do a lap of the circuit the quickest? An interesting bet in that often the wager will be running until the very end of the race.
Podium Finish/Points Finish/Will Driver be Classified – A podium finish bet requires a driver to finish in the first three, a points finish is top ten and a driver is classified if he either completes the race or retires after completing at least 90% of the race.
Safety Car – Will there be trouble on the track and will the safety car be deployed?
Driver Head to Head – The sportsbooks will name two drivers (normally of a similar standing) and offer a wager between these two, regardless of what else happens in the race.
How Many will Finish – Sportsbooks will normally offer this market in a totals format, betting whether there will be under/over the given figure.