Introduction to Formula 1 Odds
Formula 1 betting odds are among the more unique betting odds in the gambling industry.
Moneylines tend to dominate events, but Formula 1 does not offer that opportunity because races are held with a pool of racers, meaning that bettors have to pick one winner from an assortment of drivers. As a result winning is harder to come by, but the rewards are also much greater.
Bettors can also bet on different aspects such as who will have the fastest lap, what the finishing time will be, what the fastest lap time will be, and if there will be any crashes, among others.
How to read Formula 1 odds
Picking a winner from the pool of racers usually removes any negative odds from the equation, but the rule is that whichever driver has the lowest odds— whether they are preceded by a “-” or “+”— is the favorite.
Outcomes, specifically in the prop section, with the lesser value are also considered the favorites, although they tend to be more balanced and are even lots of the time.
How to bet on Formula 1
Once a bettor has picked their favorite selection from a list of Formula 1 odds, all they need to do is highlight it, add it to their bet slip, assign a risk amount (or promotional voucher) to it, and then submit it.
Bettors can also use outcomes to help create parlays, which require that all parts of the bet come true, or else there is no payout.
Again, Formula 1 betting lines can be tricky, especially when it comes to picking a winner, so take your time before submitting your bet.
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Who do I bet on?
That answer depends on a multitude of factors, including other competitors, the track, drivers’ recent performances, external circumstances, weather, and more.
Use all of these considerations and follow your best judgment.
Where can I find Formula 1 betting odds?
Formula 1 is a popular sport, but because it is not as popular as others, it may sometimes be hidden, or at least placed further down, on sportsbooks.
Check under subheadings and smaller sections, and if you still cannot find them, try another sportsbook.
What is the benefit of betting on Formula 1?
Because Formula 1 racing is longer, the better drivers tend to finish at the front; however, odds (and payouts) are still improved because bettors have to pick a winner from a large field of drivers.