Formula 1 Motorsport betting is one of the most popular betting markets, with thousands of fans out to support their favorite drivers at each Grand Prix.

Bookies have worked hard to ensure that Formula 1 betting provides a high level of entertainment value with a wide range of appealing bets. Initially in F1, you could only gamble on the winner, but that is no longer the case. Today, there are hundreds of markets and F1 betting niches including live betting.

Types of Formula 1 Betting Bets

When it comes to F1 betting, there are three main sorts of bets that stand out as the most regular and popular when betting on forthcoming races and competitions. Outright betting, long-term betting, and live betting in-play during the races.

1. Live Betting in Formula 1

Are you the type of player that enjoys live betting and betting in-play in the heat of the moment? If this is the case, you should definitely look for a list of new UK betting sites that lists sites that support live betting on Formula 1. This way you will enjoy the sport to the fullest and have peace of mind knowing you choose a safe site.

When it comes to F1 live betting, tenacity, quick thinking, and rapid judgments are typically rewarded. When you wager on Formula 1 in-play, you must continually make fresh judgments in difficult scenarios. When it comes to live-betting on Formula 1, you must always remain one step ahead.

Driver's Pit Prediction

One of the most effective strategies for live F1 betting is predicting when drivers will pit. Drivers must pit at least once throughout a race to replace tires, which can result in tactical benefits and blunders.

If you're watching F1 live and wagering throughout the race, it's worth listening to the commentators because they'll always broadcast, in real-time, to viewers from their bank of monitors. Any information going via the drivers' radios is also valuable since it allows you to predict when they will pit.

If you believe a driver is pitting at an inopportune time, this may be the greatest opportunity to avoid backing them. Alternatively, you might back that driver's opponent to pass him and grab a position in the race.

Betting sites in the UK offer fantastic odds on the major Grand Prix events. While the races are ongoing, you can also visit their live betting section and put a bet In-Play to add to the excitement.

2. Outright Betting

Outright betting is a wager on the winner of a certain Grand Prix. You are given varying odds for the several Formula 1 drivers competing in the race, and you must pick one of them to win the race. This is the most straightforward bet option, and it's a fantastic place to start if you're new to F1 betting.

To place the bet, simply click on the odds you are given and enter the amount of money you'd want to wager. You will then be able to see your possible winning. You win the bet if your driver wins the race.

• Betting on a Finishing Position

Another popular sort of outright bet that is offered to customers is F1 betting on a finishing position. Typically, a wager on a finishing position is limited to a podium spot (in the top three). When betting on Formula 1 and the finishing positions, you just select the driver in the race that you believe will finish in positions 1-3.

Here's an illustration. Max Verstappen is 13/1 to win a specific race, while the chances of him finishing on the podium (1-3) are set at 2/1. Placing a bet on his finishing place is typically a safer bet if you know a Formula 1 racer will be in with a chance of winning the race but are unclear if he can win it. However, with a safer bet come shorter odds, so the potential reward is lower.

3. Long-Term F1 Betting

Another type of F1 betting that we want to discuss is backing the eventual champion or the winning team. These are season-long markets in which you wager on the most successful driver or team.

It functions similarly to outright betting, with the exception that you are betting on which team or driver has accumulated the most points throughout a single F1 season.

Throughout the season, the odds might change drastically. For example, if a team wins eight of the first twelve Grands Prix in a season, its odds of winning the Championship are likely to plummet to favorites.

However, if a competing club improves over the season, those odds will change. Some bettors try to pick the best time of year to place a bet on the season's winner.

4. Formula 1 Qualifying Betting

A Grand Prix is more than just the Sunday race. So much of a driver's performance throughout an F1 weekend is determined by their qualifying efforts the day before the race. On Saturdays, F1 drivers compete in qualifying, where they attempt to post the quickest lap possible to start higher up the grid.

F1 betting aficionados sometimes neglect Qualifying, yet it is one of the most important portions of the weekend. It can be as significant as the race itself in some circumstances.

Advancing to the Next Stage

Qualifying consists of three sessions in which drivers attempt to escape the cut-off point and advance to the next stage. Qualifying isn't always about who has the quickest straight-line speed. Depending on the course, the quickest lap may go to the car with the best handling abilities or the most streamlined chassis.

Betting on F1 qualifying is a terrific opportunity to get a feel for F1 betting before the big race. The action is quick and intense, and you should keep one eye on the qualifying times as they come in.

You've probably heard the phrase 'one-two' in qualifying. That is when an F1 team's drivers qualify first and second, thereby 'locking-out' the front row. This is critical for a team since it allows their two drivers to work together from the outset to fend off competitors.

Conclusion

There you have it - some simple ideas for unique F1 bets. Whatever path you choose, remember that the most important thing is to have fun!