Are you Team Ford or Team Ferrari? Jokes aside, Formula One racing and any racing, in general, is quickly building steam in the betting industry. If you are a fan of Formula One, wait until you start gambling on it. You can place loads of different methods and wagers while watching an F1 race, especially the grandest of them all: the FIA Formula One World Championship. This detailed guide will show you the different bets you can place and help you understand the odds of placing those wagers. Drivers, start your engines.
F1 DRIVERS’ CHAMPIONSHIP BETTING ODDS
Here’s a great way to start getting into F1 betting. This championship wager is placed on the driver who you think will win it all. This wager will count as a loss if they don’t get the first place medal. These wagers typically have much greater odds, which means a much higher payout. For example, if you place a $100 bet on driver A +400 to win, the return would be $500.
FORMULA ONE CONSTRUCTORS’ CHAMPIONSHIP BETTING ODDS
If the thought of picking one driver seems like a long shot, then maybe this wager would be more up your alley. For this one, you’ll be placing a bet on which team will have the most points at the end of the event. Remember, points are awarded to the first ten drivers who cross the finish line.
F1 PODIUM FINISHER BETTING ODDS
If you have a good feeling about a driver but want some insurance, a podium wager will allow you to bet on whether a driver will get onto the podium. Remember, finishing on the podium is placing first, second, or third. So, for example, if you place a $100 wager on driver A +120 to get onto the podium, the return would be $220.
FORMULA ONE FINISH POSITION BETTING ODDS
One of the most popular bets involves choosing whether the driver finishes above or below their betting odds. Most sportsbooks will give a final position on a driver, and you can bet whether they finish below or above it. For example, driver A is given a 13.5 finish projection. If the driver finishes better than 14, the wager is won if you place above.
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