F1 Betting - What Are Six Types of Bets You Can Place?

Formula One racing is one of the most popular sports in the world. It attracts millions of fans and a lot of money. There are many betting sites available where you can place bets on F1 races, but they all seem to offer different bets.

You can choose which drivers you think will perform well in each race or even the season, who will retire first or who will have the fastest lap. If you are an F1 fan but do not want to place bets on the actual races, you can also enjoy slots based on Formula 1 racing at sports betting sites such as Netbet to cite just one example.

This article will explain some common types of F1 betting so you know what to look for when placing your bet.

Driver vs Driver Betting

Driver vs Driver betting is the simplest type of bet to place, as you’re simply betting on who will win. Driver vs Driver propositions are offered at slightly shorter odds than other types of bets because they’re easier to predict as there are only 20 runners. Betting on a driver to beat another driver can be great fun, but it’s not easy because there are so many variables involved with F1 racing.

Driver to Finish in the Points

The most popular form of betting on an F1 race is to bet on the driver who will finish in the points. A driver must finish in the top ten to be awarded points, and thus, it’s essential to know how many drivers make it into this group. The driver’s position in the top ten will determine how many points he is awarded at the end of the race.

First Retirement

Here you bet on who will be the first driver to retire from the race. This can happen for numerous reasons, such as mechanical issues or illness.

Fastest Lap Betting

This refers to how quickly each driver crosses their fastest lap in a race or if they don’t finish a lap due to retirement or disqualification.

Pole Position Winner

Pole position betting is one of the most popular types of F1 bets. It involves predicting which driver will qualify for pole position or first place.

You can bet on an individual driver to win the race, e.g. Lewis Hamilton. The odds for this type of bet usually depend on how strong their car has been in recent races. Or you can go with a syndicate option and predict which team will get the pole position, e.g. Mercedes. This tends to be slightly less risky than backing an individual driver.

Top 5 Finish

In this bet you place a wager on a specific driver that you think will finish in the top five at the end of the race. The driver must finish in one of the first five spots to collect your winnings and be eligible for a payout.

Final Word

In the end, the best way to approach your F1 betting is by knowing what types of bets there are so that you can choose wisely. If you’re looking for a fun, exciting and highly-competitive way to get into the world of Formula One racing, then Formula 1 betting is the way to go. It provides an excellent opportunity to learn more about the sport and enjoy yourself simultaneously.