Formula 1 Betting Guide

The speed and excitement of motor racing has long thrilled fans, with Formula 1 undoubtedly being the pinnacle of the sport. Whether it be from the streets of Monaco or the bright lights of Abu Dhabi, F1 races attract a great deal of interest, with betting customers now betting on their favourite drivers and teams throughout the season.

betting formula1

Formila 1 Betting Guide / HAFIZ JOHARI / SHUTTERSTOCK.COM

With bookmakers now offering a wide range of markets and features surrounding Formula 1, this guide has been put together in order to aid punters in their attempts to win big when betting on the sport. Let’s start by taking a closer look at how Formula 1 is organised and what types of bets are available.

Where Do Punters Find the Best Formula 1 Betting Sites?

Punters based in Nigeria have a host of options when it comes to betting on Formula 1, with all of the bookmakers listed on this page being nothing but 100% reliable. Motor racing cans can take advantage of a large number of Formula 1 bet types, whether it be betting on the winner of individual races, the Constructors Championship or Drivers Championship winner. Meanwhile, many of the betting sites at bettingsites.ng offer generous bonuses and promotions to players in Nigeria, with offers being regularly updated on our news page.

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Which Formula 1 Races Are Good to Bet On?

The Formula 1 season is made up by over 20 races, with well-known circuits from around the world hosting such events. The Australian Grand Prix in Melbourne normally kicks off proceedings, while the Monaco, British, Italian, Singapore and Brazilian GP’s are among the other standout races. For punters based in Nigeria, the following are likely to be the Formula 1 races which are well worth betting on:

Australian Grand Prix

The Albert Park Circuit in Melbourne is the stage for the opening F1 race of the season, attracting a great deal of interest from fans and punters who have been eagerly anticipating which drivers and cars will perform the best. With teams having worked hard in order to get their vehicles up to scratch in the off-season, the Australian GP is often full of surprises, making it an excellent race for those looking for good value.

Monaco Grand Prix

Having first been staged back in 1929, the Monaco GP is one of the most historic and most anticipated races in F1, with the fact that it takes place on the streets of the sovereign city making it unique. With overtaking being difficult, qualifying is even more important than usual, with the late Ayrton Senna having won the race a record six times.

monaco grand prix

#5 Sebastian VETTEL (GER) in his Ferrari SH71 during qualifying for the 2018 Monaco Grand Prix

British Grand Prix

Silverstone is the host of the British Grand Prix, which has been part of the Formula 1 season every year since 1950. Home favourite Lewis Hamilton finished top of the podium in 2019, with the speed of the circuit ensuring that races are always packed full of action, including overtakes and collisions.

Abu Dhabi Grand Prix

The Abu Dhabi GP was first staged in 2009, with the day/night race often bringing the season to a close. The Yas Marina circuit has 21 corners, ensuring that drivers have plenty of opportunities to perform overtakes on their rivals.

Things to Consider Ahead of the 2020 Formula 1 Season

Lewis Hamilton once again comes into the 2020 Formula 1 season as the reigning Drivers Champion, having claimed his sixth title in 2019. The Mercedes driver will line-up alongside Valtteri Bottas, while teams including Ferrari, Red Bull and Renault will all being hoping to close the gap to Mercedes, who won the Constructors Championship by a massive 235 points. Hamilton will be the overwhelming favourite for the title with the bookmakers, however the likes of Sebastian Vettel, Max Verstappen and Charles Leclerc will be hoping to apply a great deal of pressure. Meanwhile, with some significant technical changes having come into play, we could well see a shift in the performance of certain cards from last season.

Formula 1 Odds

The number of F1 markets found on betting sites has increased rapidly over recent years, with punters now being in a position to place a variety of both short-term and long-term bets, along with in-play wagers. Those looking for the best Formula 1 odds should certainly check out one of the main odds comparison sites found on the web today, perfect for punters looking to back their favourite driver ahead of an upcoming race.

Formula 1 Odds

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Short-Term vs Long-Term Bets

A host of short-term bets are available when it comes to Formula 1, including betting on the winner of an individual race, a driver to finish on the podium, which team will pick up the greatest amount of points over a weekend and the possibility of the safety car being used during the race. Meanwhile, those with the patience should consider more long-term bets, whether it be betting on Hamilton to win another Drivers’ Championship or Ferrari to win their first Constructors Championship since 2008.

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Formula 1 Odds Range

The odds found when it comes to Formula 1 markets are ranging, catering for different betting strategies in the process. The shortest odds are likely to revolve around the leading drivers winning an upcoming Grand Prix, with the likes of Hamilton, Bottas and Vettel regularly being among the favourites. Hamilton is regularly priced at odds of around 1.50 to win a race, with those looking for greater odds having to back an outsider to finish on the podium. When it comes to Formula 1, a variety of bet types are available too, including singles, multiples, handicaps.

Which Formula 1 Markets are Available to Online Punters

betting f1 iconIn terms of the markets available on betting sites, Formula 1 fans in Nigeria will generally be able to take advantage of the following:

Race Winner

The most popular bet type when it comes to Formula 1 is to back the driver in which you believe will win a particular race, whether it be Hamilton to win the British Grand Prix or Vettel to come out on top in Brazil. Factors including recent form, weather conditions and motivation for victory are all likely to have an impact upon the eventual result.

Podium Finish

When things are just too close to call between the leading F1 drivers, it can be safer to bet on a particular individual to finish on the podium, which means finishing in the top three positions.

Head-to-Head

Some betting sites will offer head-to-head style bets between particular drivers, allowing punters the opportunity to stake on who will finish in the highest position. An example includes the battle between Mercedes teammates Hamilton and Bottas.

Pole Position

Taking place the day before the race itself, qualifying determines the position on the grid in which drivers will start on. The battle for pole is always one of the weekend’s biggest talking points, with punters being able to bet on who they believe will record the quickest lap time during the final session.

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Fastest Lap

A point is now earned by the driver recording the fastest lap time during an F1 race, while this individual is not necessarily the one who will eventually win the race.

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Constructors Champion

Despite Mercedes having won the last six titles, betting on who will win the Constructors Championship is an appealing long-term Formula 1 bet, with the likes of Ferrari and Red Bull being among the outsiders.

Drivers’ Champion

Punters can also bet on the winner of the Drivers’ Championship, which is the driver who finishes the season with the greatest number of points.

In-Play Betting in Formula 1

With major changes often occurring during Formula 1 races, whether it be because of the weather, accidents or a forced pit stop, live betting has become hugely popular. Those with a good knowledge of motor racing should certainly consider taking advantage of live betting, with bookmakers regularly updating the odds, based on what is taking place on the circuit. The same number of bets as found with pre-race markets are also available here in general, with punters being able to bet on a driver coming back from a false start to still win or another driver to finish on the podium after it starts raining.

The Stars of Formula 1

The likes of Ayrton Senna, Michael Schumacher and Alain Prost are among the Formula 1 greats of the past, however in the modern day, the following drivers are the stars worth keeping an eye on.

Lewis Hamilton

British star Lewis Hamilton won his sixth Formula 1 title in 2019, with the Mercedes driver having over 80 wins to his name, along with a similar number of pole positions. Hamilton has won five of the last six F1 seasons, with his racing style making him the most feared driver around today.

Sebastian Vettel

German driver Vettel won four consecutive F1 titles during his time at Red Bull, with the veteran now looking to bring Ferrari back to the very top of the sport. Vettel has over 50 race wins and pole positions, having made his Formula 1 debut back in 2007, claiming his first victory a year later.

Max Verstappen

There is much excitement surrounding Dutchman Verstappen, with the Red Bull driver having become the youngster ever F1 winner in 2016, winning the Spanish Grand Prix aged just 18 years and 228 days. Verstappen finished third in the Driver’s Championship standings in 2019, however the youngster is almost certain to be a future world champion, with much being expected of him by Red Bull principle Christian Horner.

formula 1 max verstappen

Race winner Max Verstappen celebrates with Lewis Hamilton and Daniel Ricciardo celebrate on the podium during Malaysia Grand Prix at Sepang Circuit.

Charles Leclerc

Another youngster to have made a significant impression in F1 is Charles Leclerc, who will partner Vetell at Ferrari for the second consecutive season this year. The Frenchman has two F1 Grand Prix wins to his name ahead of the 2020 campaign, with his battle with teammate Vettel likely to be one of the major talking points in Formula 1 this year.

Leading Formula 1 Teams

Formula 1 drivers would be nothing without the teams behind them, with engineers and principles working non-stop in order to get cars race ready. With that being said, the following are among the leading teams in Formula 1 at present.

Mercedes

Having won the last six Constructors Championships, Mercedes will once again be the team to beat in 2020, with team principle Toto Wolf hoping to help drivers Hamilton and Bottas in achieving their goals this season. Based in the UK, Mercedes have consistently been the quickest team in F1 over recent years, having finished the 2019 season on a massive 739 points, the greatest amount in the history of the sport.

Ferrari

Ferrari are perhaps the most historic team in Formula 1, however without a Constructors Championship win since 2008, the Italian giants are under pressure to start delivering results on a consistent basis. Team principle Mattia Binotto is the man at the helm, with Vettel and Leclerc being their two main drivers. Ferrari finished the 2019 campaign second in the standings, finishing on 504 points.

ferrari formula 1

Ferrari practice a pit stop ahead of the Malaysia Formula One (F1) Grand Prix at Sepang International Circuit (SIC).

Red Bull Racing

Since their establishment in 2005, Red Bull Racing took little time to make an impression in Formula 1, with the performances of former driver Sebastian Vettel helping them to win both the Constructors and Drivers’ Championship between 2010-2013. Team principle Christian Horner is known for his strict management style, with Max Verstappen and Alexander Albon taking up their driving positions this season.

Renault

Renault won both the Drivers and Constructors Championship in 2005 and 2006, while the team has recorded 35 race victories over the years in F1. With Daniel Ricciardo and Esteban Ocon being their drivers in 2020, much is expected of the team led by charismatic French principle Cyril Abiteboul.

Formula 1 Betting Bottom Line

With the emphasis from betting sites on Formula 1 only set to grow, punters should certainly consider backing the leading drivers and teams from what it the most popular form of motor racing in the world today. Whether you are looking to bet on the next F1 world champion or which driver will start on pole position in Monaco this season, check out the betting sites reviewed on our site, before picking your favourite. Team line-ups and car technology is continuously changing in Formula 1, making it one of the most interesting and exciting sports around, while also making for an extremely appealing betting marketplace. So what are you waiting for? Back your favourite drivers and teams today!

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