F1 Races and Markets to Bet On
If you take a look at the F1 betting 2020, you'll find a variety of different markets and sports odds currently listed. At the beginning of the season, bettors can wager on the Championship winner as well as the Championship-Winning team/constructor. However, you won't be paid out until the season has reached its conclusion.
The most common way of betting on F1 is on a race-by-race basis. Examples of F1 betting markets include race winner, top six finish, top 10 finish, grid position of the winner, and fastest lap.
You can even wager on whether the safety car will make a mid-race appearance. If you're just learning how to bet on F1, it's strongly advised to stick to more conventional betting markets to begin with.
There are 22 opportunities to bet on the race winner throughout the season. You can also bet on qualifying and practice sessions, although this will depend on your chosen online betting site. If you're F1 betting at William Hill, they will also price up live markets for the majority of these pre-race events.
F1 Betting Types
Races take place approximately every couple of weeks, which offers plenty of opportunities to enjoy a wager on the sport. The best F1 betting sites will offer various markets ahead of each race, and many of them will also offer opportunities to have a season-long bet.
Ahead of the season getting underway, the majority of F1 2020 bets will focus on the winning driver. Each competitor is awarded points for finishing inside the top 10 with the driver managing to accumulate the highest number of points crowned the Championship winner in December. Realistically, one of the top five drivers in the Championship winner betting market tends to prevail in this market.
Each constructor will be represented by two drivers, and their total points will be added up at the end of the season. The team with the highest number of points will be awarded the Constructors Championship.
This market is also relatively popular and is usually listed alongside the F1 Championship betting odds. Drivers will often sign new contracts or move between constructors during the winter. This gives you plenty of time to assess each team's strengths and weaknesses prior to the season getting underway.
At the beginning of each race, the best performing driver in qualifying will start at the front of the grid. If you are wagering on this market, you must correctly predict which driver will achieve this feat.
This is the simplest market to understand and is the best place to start for those who are learning how to bet on F1. You must select a driver to win the race and take the checkered flag. Your chosen driver must finish clear of the remainder of the field for you to be paid out.
After the race has finished, drivers who picked up first, second and third position will take their place on the podium. You can wager on any competitor in the race to finish in these positions.
Some drivers regularly achieve a podium finish without managing to win many races, and this is always something to keep an eye on when it comes to this specific F1 betting market.
In 2019, F1 authorities decided to offer an extra point for the driver who achieved the fastest lap during each contest. This market is available with a variety of F1 betting sites and will require you to successfully predict which driver will complete the fastest lap. Your driver does not necessarily have to win or achieve a podium finish for you to be paid out.
Top Six/Top Ten Finish
This market is an excellent way of backing one of the underdogs to finish strongly. Most F1 betting odds for 2020 will include markets for drivers to achieve a top six or top 10 finish.
Favored drivers such as Lewis Hamilton are expected to be challenging and will, therefore, be priced up at short odds. However, if you can find an unfancied driver who has the potential to overachieve, this is the best way to utilize this market.
Driver vs. Driver (Race Bet)
This is a fun bet which will pitch two closely matched drivers against one another. The F1 odds with Skybet and William Hill will offer fans the chance to predict which of the two drivers will achieve a higher finish.
Your chosen driver does not need to finish in the top six – they must simply finish ahead of their market rival.
- Match Bet – Carlos Sainz vs. Lando Norris
You wager $10 on Carlos Sainz to finish ahead of his teammate.
- Carlos Sainz finishes 12th
- Lando Norris finishes 14th.
Your bet is a winner!
If Norris overtakes Sainz and finishes ahead of his teammate, your wager will not be successful.
Where to Bet on F1
Now that you've learned how to bet F1 and have familiarized yourself with the various betting markets, you'll want to know which bookmakers currently offer odds and markets on the sport.
Some online betting sites will have a separate section for F1, although others may place these markets within the "Motorsport" section of their site.