Las Vegas Grand Prix 2024 | Formula 1 Race Insights & Predictions
Get ready for the Las Vegas Grand Prix 2024 with Formula 1 predictions! Will Max Verstappen or Lando Norris emerge victorious? Find out more
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How to bet on Formula 1 (F1) racing!
Formula 1 or also known as F1, has really grown in popularity these last few years. Mainly because Netflix has created a show around F1 and provides great entertainment for those at home. This has created a large audience for sports betting and now there are a series of attractive bets.
The sport itself keeps changing and elevating the chances for a better season each year, there is always something new to look forward to and it guarantees a high level of adrenaline. It is however important to understand that F1 is a motor sport in which anything can happen at the very last minute, and this could affect the success or failure of a bet.
In this page, we want to help you better understand Formula 1 betting and how to go about it.
Bet on Las Vegas GP 2024
Best ways to bet on Formula 1!
When betting on Formula 1, there are four types of bets that are most common and most popular among experienced betters.
Best ways to bet on Formula 1!
One of these four types of bets are outright bets. These are the easiest to understand. With outright betting you bet on who you expect to win the match. Different drivers have different odds according to their strengths and weaknesses. To bet, simply click on the odds of the driver of your choice, determine your bet and place the bet. At the end of the race if your driver has won the match, then you have also won your bet.
Finish position bets
A second popular bet type is when you believe a driver will have a strong performance for that day, but you are not quite sure if he will win the race. You are able to bet on the finish position of the driver or you are also able to bet on a podium finish for a driver (1-3), but sometimes this can also be extended to other positions such as making the top 6. For example, for a race Max Verstappen can get a quote of 9.00 to win the race, but for a podium finish the odds drop to 2.23 and a place in the top 6 would just be good for 1.35 times your stake. Betting on a place is a safer bet, but it does mean lower potential winnings.
F1 Team betting
A third popular form of betting on Formula 1 is betting on teams, also known as constructors. You will usually find this in the form of seasonal betting, although there are usually also bets available on the winning team of an individual race. If betting on Mercedes to make the podium in a race, then it can be that either Lewis Hamilton or George Russel make it to the podium and you will win your bet.
Live betting on Formula 1
Live betting is something that has gained a lot of popularity in other sports like American Football, Tennis, Soccer, Basketball etc. The idea is that you are able to place a bet live during the race on something specific like who will be first to DNF. When betting live on Formula 1, quick thinking, decision making and reaction are crucial and often very rewarding.
In Formula 1 you have to make new decisions quickly in complex situations and take into account all the different factors that play a role in a race. You can watch live betting on Bet365 or on Unibet.
Who's winning the F1 Constructors Championship 2024?
McLaren currently leads the 2024 Formula 1 Constructors Championship,
with Ferrari and Red Bull close behind them.
It is still a battle between these 3 teams and the final races will determine the winner,
all 3 teams still have a mathematical chance to claim the Championship Title.
The competition is tight, with McLaren, Ferrari and Red Bull all battling for critical points in the upcoming races in Las Vegas, Qatar and Abu Dhabi.
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Best Strategies and Tips for betting on Formula 1!
Here's a list with some strategic tips to help you before you place your bets on Formula 1. These tips will help guide you to place a winning bet. Read and understand these tips thoroughly before placing your first bet.
Last year's Performance
Before the season starts you will want to know the performance of each driver and teams of the previous season. Knowing what position each driver has placed the previous season will give you a good start for the coming season. However, please keep in mind that due to finished contracts there may be changes in drivers and their team. So, it is also important to know how the team's car has performed that season.
Weather
Keep an eye on the weather, because racing in the rain is completely different from racing on a dry circuit. Research each driver and their past performance driving in wet conditions. There are many records of each driver and their performance in wet weather. Knowing how each driver performs in these conditions could give you the advantage needed to win your bet.
Race Tracks
Understanding the schematics of each track and whether they have more turns or straights, this could determine whether a team or driver has a better chance of winning. Just because a driver is really good at driving with many turns, doesn't mean they will be good at a circuit with mostly straightways. Start by checking the race results of each driver and how they have previously performed on that circuit. Each driver has a particular skill set and will perform well on different tracks, knowing what these are will allow you to place your bets accordingly.
Qualifying & Practice
Qualifying and practice provides a good indication of the performance of the driver and his car that weekend. I would not recommend betting during these practices but it can provide useful information for the big race. During the practice you can understand the performance of each driver and if there are any engineering problems with the car.
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