Formula 1 is all about speed, tactics, and big money itself. But even fans who simply watch F1 grands prix can have an additional level of excitement that is also rewarding and where strategies are needed. With us and our detailed guide, you will learn key tactics and ideas that will help you male truly informed decisions. As they say, buckle up!
Basics of F1 betting: Crucial things to remember…
Before we start discussing the actual strategies and tips, we think it’s worth mentioning that knowing and understanding the basics of Formula1 betting is extremely important. So, here are the main types of bets you can make when wagering on F1 grands prix:
Bets on the outright winner
This is the most basic kind of wager, if you ask us. Basically, here, you will need to pick the driver that you personally believe will win the race. It’s one of the simplest bets but because Formula 1 is pretty competitive in its nature, it can sometimes be difficult to come up with the right prediction.
Wagering on a podium finish
With this type of bet, a punter places a wager on a driver to finish among the top three in this or another race. If we compare it to bets on just one single winner who finishes first, this betting option presents a higher chance of winning, but the Formula 1 betting odds are typically lower for these kinds of wagers.
Fastest lap wagers
In case with these wagers, you bet on which driver will turn the fastest lap of the race. We are sure it’s an entertaining wager that raises the stakes, particularly as the race gets to its end and drivers frequently push hard due to their competitiveness and desire to finish first.
Head-to-head online betting
This wager involves predicting which one of the two drivers will cross the finish line first. If you are into comparing the results of different drivers, it’s a good choice.
How to find a reputable casino/sportsbook to place agers on grands prix
Follow these tips in order to find a reliable casino/sportsbook website or Formula 1 betting apps where placing wagers on F1 races gets possible!
- Pick only licensed online platforms – the licenses may be from the Curacao Control Gaming Board, MGA, UKGC, GRA etc.
- Pay attention to available payment methods – some of the most popular options include Visa, Mastercard, eZeeWallet, Astropay, Jeton, MiFinity, Neosurf and crypto systems like Bitcoin and Ethereum. If you want to deposit instantly with PayID casinos, it’s also a good choice since PayID is a quick and secure way to top up your balance with.
- Explore the range of sports betting options and how many sports are offered – of course, you need to find out whether F1 races are there first but other than that, discovering what other games are at your disposal is important. That’s because you may want to experience betting on something else in the future.
- Evaluate overall convenience – focus on how simple it is to navigate the site, switch between sections, and make payments. Convenience definitely matters, so research and analyse Formula 1 grands prix.
Things to consider
If you want your betting to turn out to be successful and profitable, you need to be well aware of what’s happening in the area, and this is where thorough research and analysis comes in! These are the things to consider and learn more about:
- Research drivers’ past races and current shapes. Examine the drivers’ most recent performances, and it’s really important since a driver who’s in good shape has a higher chance of doing well and winning the race. So, our advice is to always take a closer look at their past race results. Besides, you may also want to find out more about a driver’s physical state since this may affect the final race results as well.
- General team performance: Formula 1 is what we call a team sport in which the car is a major player. Examine the effectiveness of various teams, taking into account cars’ dependability and any new developments that have been made.
Consider weather conditions: some punters neglect this one but you should not since race results can be greatly impacted by the weather. Pay attention to the weather forecast because wet conditions can produce more unpredictable outcomes.
Strategies for Formula 1 betting
It’s time to come up with your strategies for Formula 1 championship betting after you’ve done your research and now understand the basics of wagering.
Make your bets more diverse
Our first tip is to make your money spread across a variety of bets, not just one type. Increasing the variety of bets you place can improve your odds of winning. For instance, you can wager on the same driver to finish on the podium and as the overall winner which will definitely be more diverse and promising.
Management of funds for betting
No matter if you play casino games or bet on sports, including Formula 1, any betting activity has to be responsible and it becomes like this if you set up a certain budget and strictly follow it not letting yourself spend more.
Never wager more than you are willing to lose. It’s also a good idea to split up your bankroll into smaller chunks and limit the amount of cash you place on each wager. This is probably one of the most crucial Formula 1 betting tips, in our opinion.
Keep up with the latest news in the area
Formula 1 is a dynamic sport that is always changing, so we think it is very important to keep up with the most recent information, team statements, and driver interviews when planning on betting on F1. Having up to date knowledge can help you make truly wise and, we’d say, timely decisions.
Avoid mistakes common for punters
Even seasoned and most experienced punters can make mistakes if:
- They listen to their hearts instead of their minds. Everyone has their favourites but it doesn’t have to influence your important decisions. Place a wager on someone who you truly believe is going to win, not on someone you like, since it can cost you a lot of money.
- They chase losses. Don’t try to make up for a lost bet by increasing your wagers and keep doing it if it doesn’t work. This may result in even greater losses, so we want you to respect your spending plan and strategy.
- They ignore qualifying results. Qualifying results can give important information about how a race is going to go. Don’t ignore them when placing wagers because it may happen that a driver that starts at the very front is more likely to win or finish on the podium since they have an advantage.
