Race your way to the finish line with our F1 Betting Tips
F1 is one of the most popular motorsports in the entire world. While NASCAR dominates much of the motor racing action in North America, F1 is certainly still a huge player as well.
The sport is similar to NASCAR but extremely different in many ways. It's an exciting way to take in action on the track in different settings and different vehicles than most people in Canada are used to seeing.
If you're new to betting on this motorsport we recommend you to check out our guide on how to bet on F1 races first. Once you have or bases covered and know about F1 betting feel free to get some new insight on how you can pick winners more consistently, check out our F1 betting tips below. These will help set you up for more success when you're betting on the sport.
Bet More Than One Driver
One of the most common ways to bet on an F1 race is the outright winner bet. This works similarly to the moneyline in other sports, where you'll just pick the driver who will win the race. You'll be paid based on the odds that were set before the race started.
One good F1 betting tip is to bet on multiple drivers in the same race, to give yourself more chances to win. There's nothing that says you can only bet on one driver to win. F1 is different to other sports such as hockey, where two teams face off against each other. There will be multiple drivers, so betting on two in one race is a pretty keen idea.]
If you bet $100 on Driver A at +350 odds and $100 on Driver B at +575 odds to win, you would be increasing your chances to win while at the same time going away with a hefty profit if either driver won. If Driver A won, your overall profit in this scenario would be $250 (a $350 win and a $100 loss). If Driver B won, your overall profit would be $475 (a $575 win and a $100 loss).
Look at Historical Performance
In F1, it's very important to break down each specific circuit from a technical and layout standpoint. The multiple circuits on F1 are much different from each other in terms of the actual layout, terrain, surroundings and elevation. All of these can be really big factors in how certain drivers and/or vehicles perform on the road.
So, you always want to look at the historical performance of the drivers not just based on their overall records, but on their performance on the specific circuit they'll be driving on that day.
This is key when betting on F1, as good performance at one track doesn't necessarily mean the driver will have a good performance at another track. So, make sure that you factor that into your decision-making process before you place a bet on a driver.
Knowing the historical performance of drivers at specific circuits can really give you an edge when betting on the sport.
Look at Recent Performance
Drivers in F1 rely a lot on momentum. When drivers are riding well, they tend to keep that up for the next few races. They get fueled, figuratively, from performing well and that success often translates to future races.
At the same time, negative performances in recent races can cause doubt to enter a driver's mind, which can be disastrous. In these situations, drivers may be more hesitant on the course, which could cause them to make bad decisions that could result in them crashing or just not driving a very effective race at all.
So, a great F1 betting tip is to analyze the recent performance of all the drivers involved in a particular race. By going back a few races, you'll be able to see if you can glean any information nuggets that you can use along with the other information you've gathered about potential bets.
Understand Dynamics Among Teams
F1 is an individual sport, in that each driver rides in their own car and performs for themselves. However, there are also teams in F1. While the drivers on the same team don't necessarily work together, they aren't really working directly against each other, either.
It's very important to understand the dynamics among the different teams in F1, as it could have a major effect on the outcome of a race. If two drivers have been on the same team for a while and seem to work well together, one of the drivers might have an edge over the others in a race.
Likewise, newer teams that have drivers who either haven't worked together much in the past -- or who don't work well together -- could be at a disadvantage. Knowing these team dynamics can help you either upgrade or downgrade particular drivers in an F1 race from a betting perspective.
Pay Attention to Race Conditions
Like any sport, the condition of the playing surface can dramatically change the outcome of an event. And like any other outdoor sport, the weather that day can also have a dramatic effect on how the event will be played.
Both of these things are extremely important in a sport such as F1, where drivers will be in cars that will be going way above the normal speed limit of vehicles that drive on the road every day.
It's very important to understand not just the weather outside for that day (and the few days before the race), but how that weather could affect the driving surface. A very hot and humid few days preceding a race might not seem like a big deal in an F1 race, but it could actually turn the driving surface quite sleek. This may slow down the race, favoring more precise drivers than those speedsters.
So, make sure that you not only know what the weather conditions are for race day as well as what they've been for the few days before the race, but also how that weather might affect the driving conditions. Then, match up the type of race that's likely to be run that day based on the weather with the drivers who work well in those conditions.