Formula 1 Betting: Odds, Tips & Predictions

Formula One involves 10 different teams with two drivers for each team. There are F1 betting odds for the two significant titles handed out at the end of the campaign – Drivers’ Championship and Constructors’ Championship. Plus, the fight for these two titles yields a lot of combinations in terms of the F1 bets. While the outright bets happen to be ideal for the newcomer, the seasoned players can always opt for the likes of qualifying markets. They can also be practice markets, winning margin, fastest lap, points finish, and winner grid position amongst others.

The process of betting on this sport has been taken online, and this event provides the opportunity to pick up even in-play betting, which comes with live streaming and commentary options. Since the sport is also competitive in the betting field, it is possible to get the best price only after proper comparison.

Who Wins the F1 Drivers Championship 2024?

The battle for the F1 Drivers’ championship has been one-way throughout the campaign. Lewis Hamilton has been enjoying a stellar campaign in his Mercedes. Sebastian Vettel has been unsuccessful at clawing back the advantage, which is now more than 60 points. The Ferrari certainly does not appear to have the pace of Hamilton’s Mercedes. The German even admitted recently that it’s challenging to catch Mercedes. Due to the vast gap between the two teams, Hamilton is expected to seal his sixth Championship title. This would put him just one behind record-holder Michael Schumacher.

Best F1 Bookmakers Online

There are several bookmakers who specialize when it comes to betting on this sport. Various companies are battling for the UK market, and we are going to list the top ones here.

Betfair – It is possible to get excellent coverage of sport even before the start of the race. One can find free bets if a particular driver fails to complete the race.

Coral – Punters can access excellent coverage of the market with most bookmakers, who also provides competitive odds for the season and individual races.

888 Sport – These are reliable for F1 punters, and they provide advance markets before most of the competitors. The primary focus of 888 Sport is on F1, along with football and tennis.

Other names that can be considered reliable for betting on this sport are BetVictor, Bet365, and Unibet.

There can be a massive payout from Formula 1 odds on underdogs, but it is not worth the risk. The sport has always been in favor of people who have frequently been successful. One of the examples can be seen in the 2017 campaign. It was when Lewis Hamilton was able to pick up nine victories in the campaign, but his teammate Valtteri Bottas was able to get just three wins. This put Mercedes as the constructors’ champion while Hamilton picked up the drivers’ championship. The one-way traffic is even more visible in 2014 when there were only three drivers to pick up victories throughout the campaign.

There are only four or six cars that are capable of winning the race. A common mistake made by punters is to overvalue the pole position, which can often be misleading. The pole position can be influential on many occasions. It can also let down a punter depending on factors like the gripper surface of the track, fuel level, and driver ability. One of the common F1 betting tips is that the pole position only results in about 50% greater chances of success for the driver.

There is better value in going with a driver who is starting in the second position if the track can aid in an overtaking in the first corner.

Understanding Formula 1 Odds

The world of Formula 1 predictions involves trying to come ahead in advance and outcome of the race or campaign. It is similar to the role of a die where the punter will be required to choose the number that lands on the table. Bookmakers do make their assumption when it comes to the real probability, and a lot of calculations also take place.

Every bookie is different when it comes to the perspective of this sport. They also provide different markets for a different type of punters. For example, F1 bookmakers may come up with traditional markets like winner options alone. At the same time, there may also be bookies who provide Formula 1 betting opportunities like picking the fastest lap or podium finish.

The Drivers’ Championship for the 2024 Formula 1 calendar seems to be heading down the route of Lewis Hamilton, who has been able to win two consecutive titles on the trot. The supremacy that started in the 2017 campaign – four years after his switch to Mercedes AMG team – has not relinquished.

The Brit is now just one title behind Michael Schumacher, who is the record-holder when it comes to the Drivers’ Championship with seven titles. Hamilton has been untouchable over the last few years, and this has made him a huge favorite amongst Formula 1 betting odds. Even though it may not be a great idea to back the Mercedes driver for a victory considering the favorite status that he now enjoys, there is a great opportunity awaiting while trying to back the 34-year-old in markets like the pole position and fastest lap. F1 tips are aware that Hamilton has only managed three poles and one fastest lap in the nine races this season.

The Constructors’ Championship also appears to be heading down the road of Mercedes, according to the betting tips. Mercedes have been the dominant force when it comes to Formula One bets over the last five years. They have been able to pick up the Constructors’ Championship in four consecutive campaigns. After having opened up a lead worth more than 140 points in the standings, Mercedes are overwhelming favorites to pick up the title in this calendar year.