What Are The Betting Markets In Formula One?

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Sports betting in the US has expanded far beyond the regular sports and markets such as NASCAR and College basketball predictions. Today, you can wager on pretty much everything, from darts to Formula One.

The latter has especially taken on millions of new fans in the US, thanks to its new American ownership Netflix’s Drive to Survive.

But as with any new sport that you want to bet on, it can be quite confusing at first. What do all the names mean, and how do you even decide the smarter bets to place? In this guide, we’ll take you through the various types of bets you can place in F1. 

Futures Markets

Futures markets are the ultimate place to back your speculations before the season begins or even after it has begun. These are types of bets that allow you to speculate on the entire F1 season and what might happen within the season.

To take full advantage, you need to have a working knowledge of the previous season as well as what has gone on during the winter development.

This also encompasses things such as whether the FIA has released new regulations that might change the pecking order.

To place the bet, you can choose between things such as the eventual winner of the Drivers’ Championship or Constructors’ Championship. You can also bet on the number of races you think a driver or team will win throughout the season, or even the total number of poles. 

Race Outcomes

This type of bet allows you to narrow down the entire season and focus on a specific race. Here, the simplest bet you can place is who you think will win the main race.

However, you also get options such as predicting who will take pole position for the race, or even who will win the sprint on sprint weekends.

But while it may sound like a straightforward bet, it’s important to consider the dynamics of F1 racing change from one Grand Prix to the other.

This is because the cars are quite sensitive to things such as track conditions and altitude. A dominant performer from the previous race may struggle in a different circuit, so ensure that you do proper research and analysis.

Individual Performance

Although they can easily be bundled into other types of bets, most sportsbooks offer individual performances as a separate category. These can be…