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Formula 1 Odds Explained

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Betting in Formula 1 is back on track – pun intended. One of the fastest sports on the planet is getting more and more traction when it comes to betting. No wonder potential bettors are curious about having the Formula 1 odds explained.

Of course, placing bets first entails understanding Formula 1 odds as perfectly as possible. We are here to help you get all the details you need before creating your first bet slip.

How to Read Formula 1 Odds

When betting on Formula 1, the most common way to do so is to bet on the winner of the race. Before the race starts, you will have a list of odds, which will clearly mark out the favorites.

Your job is to pick the winner of the race. If they really finish first, you can get a return based on the odds and your stake. For instance, if you pick Max Verstappen to win given at -185, you need to bet $185 to get a $100 return.

F1 race track

Types of Formula 1 Bet

Motto sports are extremely easy to bet on as there are not as many types of bets as in team sports. Similarly to other individual sports, you have a few bet types to choose from, but some can be very interesting to wager on, no matter what.

Race Winner

The basic and most popular type of F1 bet is picking the winner of the race. It is pretty straightforward, and even an absolute beginner can do it. However, it is hard to find value, as usually the best drivers win, and these bets often come at lower odds.

Constructors Championship Winner

Picking the Construction Championship winner is a long-term type of bet, one that you place at the start of the season. You are effectively betting on the team that you think will win the construction competition in the end. Two members compete in every race. The more points they gather, the better it is for the team’s final standing.

Drivers Championship Winner

The top award for each driver is winning the F1 championship, and it is one of the main bets that you can place when wagering on F1. It is another long-term type of bet that you place before the start of the season. After the season ends, you will get to see if the driver that you picked finished as the overall winner.

Pole Position

You don’t always have to bet on the race winner. You can participate in pre-race activities and bet on the driver who takes the pole position. Winning the pole position gives the driver a significant edge, and he usually wins the entire race. But sometimes, unexpected things can happen before the official race starts.

Fastest Lap

F1 is the fastest sport on Earth, so it makes sense that one type of bet is wagering on the driver with the fastest lap. Guessing it right is very hard, as you never know which driver will stand out in terms of speed. Nevertheless, it adds options that you didn’t know you had in terms of F1 betting.

Prop Bets

If all the above-mentioned types of F1 bets are not exciting to you, there are a few more prop bets that you should consider. These would include:

  • Will there be a safety car or not
  • Nationality of the winner
  • Over/under for the number of cars classified
  • Double podium finish
  • Double top six finish
Formula 1 racing car

Formula 1 Brazil Grand Prix Odds

Here you can find the best F1 odds for the next Grand Prix!

DriverTo Win OutrightSprint
Lando Norris+200+200
Charles Leclerc+240+225
Carlos Sainz+300+275
Oscar Piastri+650+1100
Max Verstappen+1100+900
George Russell+2500+2500

These odds are provided by bet365 and are subject to change.

Formula 1 Betting Tips

No matter the type of betting, you need to prepare to get the best results possible. When it comes to F1 betting tips, studying and researching is the most obvious piece of advice you can get. Being an avid F1 fan is a plus, as you probably already know the competition’s history and the racing scene’s current landscape.

Besides knowing the drivers, it also helps to read the news. Follow the situation regarding individual teams and their innovations in terms of engine upgrades, tire changes, and other such things.

More importantly, it is always good to keep a betting diary. That way, you are not only following your past bets, but you also know exactly how much you’ve spent. Preventing you from going overboard in terms of spending.

Final Words

We can safely conclude that learning about Formula 1 odds is something where every bettor needs to start. Whether they are an expert F1 fan or are just trying to place their first bet, you need to start from somewhere. It may come easily to some, but to others, it could be a bit difficult to comprehend it all at first. But whatever the situation is, entertainment is guaranteed.

Formula 1 Odds: All You Need to Know

For additional info, check out the lines below.

F1 odds work similarly to any other moto or racing sport. You get a list of competitors, each with individual odds, with your job being trying to successfully pick the race winner.

The most basic type of bet in F1 is trying to bet on the winner of the race.

Each competitor is given their own odds to win the race. Those who are favorites get lower odds than those who are less likely to win. Players can place bets based on those odds and who they think will win.