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Sports betting in the United States has expanded far beyond regular sports and markets such as NASCAR and college basketball predictions. These days you can bet on pretty much anything, from darts to Formula 1.
The latter has gained millions of new fans, especially in the USA, thanks to its new American owner Netflix's Drive to Survive.
But like any new sport you want to bet on, it can be quite confusing at first. What do the individual names mean and how do you decide which bets make more sense? In this guide we will walk you through the different types of bets you can place on Formula 1.
Futures markets
Futures markets are the ultimate place to base your speculation before the season begins or even after the season begins. These are types of bets that allow you to speculate on the entire F1 season and what could happen this season.
To get the most out of it, you need to have in-depth knowledge of the past season and what happened during the winter's development.
This also includes whether the FIA has issued new regulations that could change the pecking order.
To place the bet, you can choose between things like the eventual winner of the Drivers' or Constructors' Championship. You can also bet on the number of races you think a driver or team will win over the course of the season, or even the total number of poles.
Race results
This type of bet allows you to narrow down the entire season and focus on a specific race. This is the easiest place to bet on who you think will win the main race.
However, you also get options like predicting who will take pole position for the race or even who will win the sprint on sprint weekends.
While it may sound like a simple bet, it is important to consider the dynamics of F1 racing, which changes from one Grand Prix to the next.
This is because the cars are very sensitive to things like track conditions and altitude. A dominant driver from the previous race may have difficulty on another circuit. Therefore, make sure you do proper research and analysis.
Individual performance
Although they can easily be bundled into other types of bets, most sports betting providers offer individual services as a separate category. These can be seasonal performances or race-by-race performances.
For example, you can bet on whether you think a particular driver will achieve a podium finish in a particular race.
Under the driver's name you can also find other things such as a points ranking during a race, the fastest lap or the number of laps led. To do this, make sure you analyze the driver's current performance and take into account the cars they drive.
Head-to-head matchups
One of the most exciting bets in Formula 1 is comparing the performance of drivers against each other. These can be drivers from the same team or even different teams, but can compete against each other in the same area of the field.
The most common bet here is predicting that one driver will score more points than the other throughout the season.
However, depending on the sports betting provider you use, you can also place direct bets on individual races. This is also about a driver performing better, but it can also be about teams collecting more points in a particular race or over the course of the season.
Special Prop Bets
If you want a more exotic bet or a higher risk with the possibility of a higher payout, you can try Formula 1 prop bets. These go beyond simple player or team performances and focus on things that may or may not happen.
For example, will there be a safety car deployment? Who do you think will be the first driver to drop out of the race? These are more novel bets, but they offer you the opportunity to explore more than just speed and increase your chances of winning big.
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