Guide for Making Wagers on Formula 1 Races
Get ready, Formula 1 enthusiasts! The new season is upon us, and it's time to show your team spirit. With millions of viewers worldwide, including thousands of bettors, the anticipation is reaching its peak. It's Ferrari, Red Bull, and Mercedes having a three-way battle for the 2023 championship, but other teams are ready to shake things up.
Just like every year, many F1 fans place bets at the beginning of the season in an attempt to add a little extra excitement. So, let's dive into some popular betting markets this year!
Formula 1 Betting Markets: A Comprehensive Guide
Formula 1 is full of exciting opportunities when it comes to betting. You can bet on the fate of the championship or a specific race. Here's a breakdown of some popular betting markets:
Pole Position
This is one of the most popular markets, allowing you to bet on the driver who will qualify on pole for the race.
Top 3
If you're looking for a safer bet, this market, focusing on drivers who will finish on the podium, might be right up your alley.
Race Winner
Here, you bet on the race's winning driver. Every race offers new odds both before and during, with live betting options available.
Fastest Lap
This market focuses on the driver who will complete each lap of the race in the quickest time.
Driver's Championship Winner
This market supports the world's best driver. The odds change as racers rise to the top throughout the year.
Constructors Championship Winner
With bookmakers' dynamic odds, you can bet on the season's best team at any point in the year.
Formula 1 Odds: Understanding the Ins and Outs
Formula 1 odds are used by bookmakers to reflect the likelihood that a particular event will occur during a race or the season. To use an analogy, it's like rolling a die. Bookmakers assess what they believe to be the true chance of an event happening based on their own estimations. In Formula 1, each bookmaker offers a variety of markets, ranging from winners only to markets like picking the fastest driver.
Where to Place Your Bets: Top Betting Sites in South Africa
If you're based in South Africa, you'll be happy to know there are some excellent betting sites available. It's always worth shopping around to find the best promotions that suit your needs. However, we've highlighted a few bookies that offer specific F1 promos:
Bet.co.za
Bet.co.za offers the Formula 1 Frenzy promotion, where you can receive a R100 free bet if you place R1000 in Formula 1 bets within a single week. The Free Bet can be used on any sports, but it must be wagered at minimum single bet odds of 5/10 or 1.5. Or, you can opt for multiple bets with odds of 12/10 or 2.20 and a minimum of 2/10 or 1.20 for each leg.
Gbets
Gbets' Podium Sitter promotion offers a reimbursement of up to R1000 if your driver finishes first. The minimum bet is R50, and only bets placed on the race before qualifying will count. Keep in mind that bonus bets do not apply. Your Gbets account will receive your reimbursement in real money. Additionally, Gbets offers the Full Sweep promotion, where they will triple your earnings up to R2000 if your chosen driver completes the full sweep on the weekend (starts from pole position, leads throughout the race, and prevails at the end).
That's it for our F1 Betting Guide! We hope this helps you understand your betting markets and make informed decisions. Stay tuned for our F1 Racing Calendar 2023 for more information on race dates and promotions. And, don't forget to check out our monthly Sport Previews for coverage of the start of the F1 season and other top sport events.
When it comes to sportsbooks, what suits one bettor may not suit another. Exploring operator listings and reading in-depth reviews is a great place to start when seeking the best betting sites. Happy betting!
- Formula 1 enthusiasts can add excitement to the new season by placing bets on various betting markets, such as the driver's championship winner or the constructors championship winner.
- One popular betting market is Pole Position, where you can bet on the driver who qualifies on pole for the race.
- If you're in South Africa, consider checking out Bet.co.za's Formula 1 Frenzy promotion or Gbets' Podium Sitter and Full Sweep promotions for specific Formula 1 bets.
- In Formula 1, bookmakers use odds to reflect the likelihood of a particular event, such as a race win or championship victory.
- With millions of viewers worldwide and thousands of bettors, the anticipation for the 2023 F1 season is reaching its peak, as major teams like Ferrari, Red Bull, and Mercedes battle for the championship, while other teams aim to shake things up.
