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.
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.
Betbonanza | 100% up to ₦100.000 in Sports Betting | Cashback up to ₦50.000 on Virtual Sports Competitive odds The site is mobile compatible | Play Now | |
22bet | 100% up to ₦50.000 Welcome Bonus | Friday Reload Sportsbook Bonus First Deposit Bonus Weekly Race by 22Bet | Play Now | |
Wazobet | 110% up to ₦50000 Welcome Bonus | Wednesday Boost Saturday Cashback Birthday Bonus | Play Now | |
Bet9ja | 100% up to ₦100.000 Welcome Bonus | Nigeria’s most famous bookmakers Good selection in sports betting Local customer support | Play Now | |
Betway | Get a 100% First Deposit Bonus | International Sportsbook Competitive odds Deposit N 100 or more and we’ll give you a 100% match up to N 100,000 as a Free Bet | Play Now | |
Stake's Daily Races: $100,000 | $75,000 Weekly Giveaway Pragmatic Drops & Wins Join the VIP Club | Play Now | ||
Parimatch | 120% up to 120,000 NGN | A wide array of betting market User-friendly mobile app Stream live matches on the go | Play Now | |
Melbet | 200% up to ₦100.000K Welcome Bonus | Place Your Bets Without Using Data Bet & Win Bet Via the App | Play Now | |
100% Bonus on First Deposit up to ₦48000 | Android App Bet on NBA Fast & Easy Withdrawals | Play Now | ||
1xBet | 200% up to ₦100.000K Welcome Bonus | Virtual markets No charge for deposits/ withdrawals 24/7 customer service | Play Now | |
Betwinner | 100% up to ₦100,000 Welcome Bonus | Incredibly wide offer No transaction fees whatsoever Beautiful design | Play Now | |
Bet365 | 100% up to £100 Welcome Bonus | Huge number of football markets Generous welcome bonus Live streaming opportunities | Play Now | |
100% up to ₦47,694 Welcome Bonus | Good number of sports markets Competitive odds Variety of banking methods | Play Now | ||
888Sport | Get up to $1500 in the Welcome Package | Over 40.000 offers a day Great live betting options Good usability of desktop/mobile | Play Now | |
WilliamHill | Bet €/$20, Get €/$20 | Leading bookmaker Huge number of sports markets Highly competitive odds | Play Now |
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.
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.
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.
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.
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.
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.
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.
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.
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:
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.
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.
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.
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.
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.
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.https://www.bettingsites.ng/formula-1-betting-guide
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.
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.
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.
In 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 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.
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.
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.
– Of course, it is. But you might want to familiarize yourself with the rules of the game before having a bet.
– Yes, you can make a good profit when you have a bet on Formula one racing, but you need to have some method for your betting. A little strategy could see your profit grow.
– You can start your journey into betting on the world’s most popular auto-sport by going through our betting guide and leveraging the bonuses and promotions available on bettingsites.ng to your advantage.
– Yes, it is. You might have to get some basic knowledge on the auto-sport before placing your wager.
The following are answers to some of the most commonly asked questions when it comes to betting on Formula 1:
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:
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.
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.
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.
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.
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:
The German constructor has the most championship titles in recent years. F1 racing is never complete without Mercedes.
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.
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.
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 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.