Formula 1 Betting Guide

In Nigeria, formula one betting is currently on the horizon. But very few Nigerian punters are aware of the increased chance of winning that’s possible with betting on events in the car racing sport. To the average Nigerian punter, formula one betting remains as clear as mud. Many believe betting on events in this sport is limited to just the outrights. Yet nothing could be much farther from the truth than this.

betting formula1

Formila 1 Betting Guide / HAFIZ JOHARI / SHUTTERSTOCK.COM

Here, we intend to not only demystify F1 betting but assist Nigerian punters in learning the basics of betting on formula one. If you intend cashing out from betting on formula 1, keep reading, and you’ll be amazed at what you have been missing.

What are the best tournaments to bet on?

Often considered the most exciting of all the F1 race tracks, the Monaco Grand Prix is undoubtedly one tournament that Nigerian punters can take advantage of. Due to the narrowness of the track, overtaking tend to require considerable skill as crashes are highly likely. This makes betting on the Monaco Grand Prix a worthwhile venture. Of course, background insight on driver capability is critical.

The British Grand Prix is probably the most grueling of the entire F1 competition due to the stunning length of the Silverstone race track – a whopping 5,891KM. Not many drivers have the capacity to handle the long stretch of the racetrack and the sharp corners that are scattered along its length. Here, the favorites are known to carry the day.

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It doesn’t get more iconic than the Italian Grand Prix. The track, often called Monza, is known as the temple of speed to many drivers. This is mostly due to the expansive nature of the track and its sweeping corners. A winning driver in this tournament uses speed, not technique, to get across the finish line earlier than his opponents. With adequate knowledge of each driver’s capability, picking the winner in a speed-wins-all affair shouldn’t be a problem for the average Nigerian punter.

The tournament on Singapore’s Marina Bay circuit is another potential goldmine for Nigerian punters. With the racetrack’s narrow structure, drivers find it difficult to overtake – so the most strategic often wins. Typically, in-depth knowledge of each driver’s strengths and their vehicle should hold some insight on who wins the race.

Where do Nigerian punters find the best formula 1 betting sites?

While a lot of betting sites abound for Nigerian punters, not many accept bets on F1 racing. Finding the best bookmakers for betting on Formula one can be likened to racing on dangerous tracks. Many of these operators are all about collecting your money – without offering any value in return. Luckily, bettingsites.ng contains a breakdown of every betting platform, their strengths and weakness, so you shouldn’t have to worry about testing multiple bookmarkers before finding the ONE.

Through this list, you could find the best bookmarkers for formula one betting, making it possible to place your preferred bets in the motorsport racing. And if you are desirous of some of the most mouthwatering bonuses to utilize on F1 betting, the bonus section of bettingsites.ng is bound to widen your smile as there are many offers available.

Remember that bettingsites.ng is all about helping you win big, so every bookmarker featured therein have passed the litmus test. This means you can conveniently win big from formula one using such bookmarkers. 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.

Which formula one races can be decisive when betting on an outright F1 winner?

Winning the formula one championship is a season-long affair, but there are times (like the 2019 season) when it appears to be all over before it truly begins. But despite the uncertainties in F1 racing, such as Lewis Hamilton’s loss in Monza, there are certain headlines that fans and punters are always on the lookout for.

2020 promises to be a handful with constructor giants Mercedes and Ferrari expected to go at the contest in a hammer and tongue fashion, with top drivers Lewis Hamilton and Sebastian Vettel optimistic about their chance of lifting the championship.

monaco grand prix

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

A feisty affair

The 2020 edition of the most dazzling racing sport could be a feisty content. With all eyes on the prize, drivers and constructors alike are trotting around with high hopes of coming out at the top. The Mercedes dominance isn’t likely to continue – unless lady luck continues to clear their path. Ferrari has more than a fighting chance, and with the unveiling of its new car, you can’t rule them out.

2020, the end of an era

This season will bring to a close the previous regulations binding on F1 racing stakeholders. It’s a chance for all participants to do their best in putting an end to Mercedes chokehold on the championship. It’s certainly going to be an exciting season for bettors and fans of the sport.

How do you pick the best odds when betting on formula one?

While it is common for many Nigerian punters to bet on who wins the championship or a race in a specific circuit, there are other bets that can be placed. For instance, certain bookies accept bets on the outcome of qualifying races, the country of origin of a winning driver, and a host of others.

To truly enjoy the thrills of betting on the F1 motorsport, you need to find the best odds. This is possible if you compare odds across bookmakers. You could spot substantial odd differences on the same event from a selection of betting sites. For instance, Lewis Hamilton could be as little as 1.50 to win the Monaco Grand Prix at one operator and 1.70 at another operator. This reinforces the need to shop across board for the best price.

Formula 1 Odds

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Like most sports, the formula one championship is a season-long racing tournament that culminates over several months. While Nigerian punters can place bets on who lifts the F1 drivers’ championship, you can also opt to place a quick bet on the driver that completes a lap the fastest.

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Short-term bets are settled earlier, usually a small period, such as while the game is going on. A long-term bet, like who wins the F1 drivers’ championship, continues till the conclusion of the season.

Odds tend to vary, depending on the possibility of the event. For instance, you could get Mercedes winning the F1 constructors’ championship for as low as 1.6, and Red Bull winning the same championship could be as much as 10.0. With some longshot underdogs, that number could be as much as 500.0.

When betting on events in formula one, the biggest odds are obtainable with events that are unlikely. You can get such backing underdogs to be in a pole position or winning a race.

There’s a wide range of bets possible with this motorsport racing. Below are some of these bets:

Formula one constructors’ championship bet

Here, you can bet on the team that wins the championship at the completion of the F1 calendar. The championship is handed over to a team based on its position on the points table at the end of the last Grand Prix event. If your selection piles up the points and makes it to the top of the table, then your bet is marked as ‘won.’

Depending on the nature of the competition, bookmakers tend to pay out on the ‘outrights’ if the point haul of the winning team is massive and can’t be met by its rivals. This is often done as a sign of goodwill and not all bookmakers do this – another reason to compare betting sites.

Formula One drivers’ championship bet

Here you can bet on the driver that has the most points in the entire formula one season, and if your preferred selection comes out at the top, your bet is a winning one.

Formula one race podium finish bet

Unlike the previous bets, this is a short-term bet that ends at the unveiling of who stands on the podium. You can predict who wins the race or just the driver that earns a position on the podium. The odds often reflect the chances of each driver, but the actual outcome can be quite unpredictable.

Fastest lap bet

Here, you can predict the driver that completes a lap faster than the others. The timeline for this can vary widely. The unique thing about this bet is the selected driver doesn’t have to win the race or make the podium, just complete the lap fastest.

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Driver vs. Driver bet

In fanning the embers of team rivalry, bookmakers accept bets on which driver between two rival teams will come out at the top on the conclusion of the F1 season. To win, your preferred driver needs to have more points than the driver of the rival team. For instance, Lewis Hamilton vs. Sebastian Vettel is a popular rivalry selection.

Top 6 finish bet

Here, you can bet on the drivers that finish in the top 6 positions at the end of the F1 season. It can be quite topsy-turvy as you are expecting 6 drivers to be at the top of their game at least 2/3 of the season.

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Winning margin bet

You can also have a bet on the time difference between the top two drivers in any specific race. The actual selection could be over or under a certain time, though other bookmakers tend to have three-time options increasing the risk involved.

Pole position bet

You can also bet on the driver that gets pole position. A pole position is awarded based on the best lap time of each driver, with the holder having the shortest lap-time in the 3rd round of qualification before the Grand Prix. It’s a short-term bet as results are out within an hour.

Safety car bet

You can also predict the appearance of a safety car in a Grand Prix. To select your preferred option, you just have to pick either yes or no. If your selection is correct, your bet is a winner.

Odds vary across bookmarkers, but outcomes that are considered highly like tend to have minimal odds. For instance, the odds of Lewis Hamilton winning the Monaco Grand Prix is often small, regardless of the bookmarker you are looking at.

The limit on the selections you can combine vary with bookmarkers. You might have to confirm if the sportsbook has any restrictions on the selections in a combination.

Which markets can Nigerian punters bet online?

betting f1 iconIn Formula one betting, there are several markets you can place a wager on to get decent returns. Depending on the market, your bet could remain pending for as little as some minutes to months. Below are some of these markets:

  • Formula One constructors’ championship
  • Formula One drivers’ championship bet
  • Formula one race podium finish
  • Fastest lap
  • Driver vs. driver
  • Top 6 finish bet
  • Winning margin bet
  • Pole position bet
  • Safety car bet

What is short term betting in formula one racing?

Formula 1 racing might be a collection of several races in different racetracks for months, but you can also place bets with a sooner-rather-than-later outcome. Short-term bets can be placed in-play during an ongoing race or before the start of the race. Short-term bets include the fastest lap bet, podium finish, and others.

Nigerian punters prefer knowing the outcome of their bets sooner so that they can move on quickly. Thus, a short-term bet makes a lot of sense to the Nigerian punter. Results are out fast, and the status of their bets is known in record time. This explains why short-term Formula one bets are relatively commonplace here.

What is long-term betting in formula one?

Long-term betting on events in F1 racing entails placing bets on outcomes that might take a while before the result is out. Since formula one consists of several racetracks and multiple qualifying sessions stretched over a long time, long-term betting is possible here.

Long-term bets often include predicting the race winners, top 6 finish, winning margin, and others. Lewis Hamilton and Mercedes have held sway in Formula one for several seasons now, so they are standard selections for many long-term bettors.

One of the reasons why some Nigerian punters prefer betting on long-term outcomes is it removes the trepidation that’s associated with a quick result. You can relax and enjoy the race without your heart racing as well. By opting for long-term bets, you are insulated against the short-term disasters of your preferred selection.

 How do you maximize in-play betting?

You can enjoy having an in-play bet on your favorite motorsport. With the start of a race, there are several markets you could jump on and have a bet. Betting on the race winner might be popular, but you can also back the driver with the fastest lap. You might have to watch the race to understand the potential of each driver and the role played by external factors like the weather. Live betting is often preferred for its quick payout on the outcome of events.

Who are the stars in Formula one racing?

Like every sporting event, F1 racing has its stars, known for their dazzling performance on the race track and professional conduct on/off the circuit. Here are some of the big names in formula one:

Lewis Hamilton

Always odds-on, this racing driver is a must-watch in every recent formula one season. He has the skill, technicality, and doggedness to keep-up with the demands of representing Mercedes on the racetracks as confirmed by his numerous titles.

Max Verstappen

Considered among the best, especially on his showing in recent years, Max is among the rising stars in the F1 racing scene. He is currently hitched to the constructor, Red Bull.

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.

Sebastian Vettel

Sebastian is another favorite for the formula one title, if the bookmakers are to be believed. Having won several titles in the past, the British-born racing driver is also a big name in formula one. He’s currently signed to Ferrari.

Valtteri Bottas

This Finnish racing driver is known for his astuteness on the racing track. Signed to the constructor, Mercedes, Bottas is another name on the lips of many F1 racing fans.

What are the best constructors in F1 racing?

Drivers work in tandem with constructors, affirming the team sport nature of formula one racing. Drivers might be in the spotlight, but constructors do a lot more behind the scene. Here are the best constructors in F1 racing at the moment:

Mercedes

The German constructor has the most championship titles in recent years. F1 racing is never complete without Mercedes.

Red Bull

Considered a dark horse in the race for the F1 racing constructor championship title, Red Bull has been tipped multiple times for victory. With Max Verstappen behind the wheels, we could be up for an upset soon.

ferrari formula 1

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

Ferrari

A rival constructor to Mercedes, Ferrari has been on the fringes of victory for a while, relying mostly on its past glories to save face.

McLaren

This F1 constructor is seen as a pretender by many. In Carlos Sainz Jr and Lando Norris, McLauren have drivers with the capacity to challenge for the F1 championship title. Whether they will succeed, depends on them.

Formula 1 Betting Bottom Line

Formula one is an exhilarating sport to watch. Betting on the competition could be both exciting and profitable, but you have to do your bit. Using this betting guide, you could be racing to the bank in no time. Add some strategy to that, and victory becomes a norm.

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