Formula 1 betting provides an exciting and fast-paced way to earn money. However, if you are interested in placing bets on Formula 1, you will need to understand how this incredible sport works and learn what exactly will improve your chances of winning bets. It’s for this very reason that we decided to include a Formula 1 betting strategy to ensure you make a profit on every single season going forward.
The Basics of Formula 1 Betting
There are several factors that you will need to analyse before you can place a bet on Formula 1. The performance of a car and the ability of a driver might be the most obvious aspects to consider but, similar to placing bets on gold, luck can also play a significant role. To gain a favourable edge when it comes to Formula 1 betting, you will need to consider historical team, and individual performance factors as well as evaluate external factors and the effect of luck on each and every race.
Grid Position
Driver position can play a significant role of importance, but it greatly depends on the track. For instance, if a driver qualifies in pole position at Monza, they will have an 83.3% chance of winning the race, while a pole position in the Canadian Grand Prix will have a 33% chance of winning the race. You will always need to look at the statistics for each race track. Monaco is a circuit where its extremely difficult to overtake and therefore bettors need to consider the ability of the driver who qualified high on the grid. On the other hand, with an easy to overtake circuit like Montreal, bettors can find value in other aspects as opposed to only betting on the pole sitters.
Tyres
Understanding the characteristics of tyres and how each of them performs is a vital part when it comes to Formula 1 betting. You will need to consider how the track will affect the tyres characteristics, the racing style of each driver, and the tyre strategy used by each team. Pirelli has recently returned to the sport and produces unpredictable tyres in Formula 1. This created more overtaking opportunities and excitement, making tyre characteristics more important to bettors.
Weather
Weather conditions and weather forecasts should always be checked prior to a weekend of racing. When you look at how soccer is affected by weather conditions, you should know that it has an even greater effect on Formula 1. When the track is hot, and the weather is fine, it will have little to no impact on the race. However, when rain is pouring down, and the track temperatures drop significantly, it can instantly cause chaos and completely change the overall result of the race. You will need to consider the current weather forecast, historical weather data, and a driver’s performance when it comes to poor weather conditions.
You will need to consider all of the above-mentioned aspects when it comes to Formula 1 betting. Once you have a good understanding of the weather, track, tyres, and drivers involved, you can make a more educated betting decision.