Formula One is one of the world’s premier forms of car racing and has been since its inception in 1950. It is the highest class of single-seat auto racing that is sanctioned by the FIA (Fédération Internationale de l'Automobile) and is enjoyed by spectators and viewers across the world.
Each Formula One season consists of a number of races that take place all across the world on purpose-built tracks as well as on public roads. There are numerous teams in Formula One, each team entering two drivers into the championship.
Every season there are two world championships to be decided, the Drivers Championship and the Constructors Championship. The driver's championship is awarded to the driver who has accumulated the most amount of points during the season. The constructor's championship is awarded to the team that has accumulated the most points during the season.
Betting on Formula One
Formula One may not be the first sport that you think of when you think of gambling but it’s much underrated by those who like a bet and it’s a great way to add excitement to this already exhilarating sport.
Where can you bet on Formula One?
All of the major online bookmakers enable you to bet on Formula One. We particularly recommend the following sites to use:
Types of Formula One betting
As long as you have a basic understanding of betting (odds etc), then betting on the Formula One championship is really simple and really easy to do. We take a look at some of the markets that you can bet on.
The driver's championship
One of the most popular ways to bet on Formula One is to bet on the driver's championship. This is a long term bet usually placed before the season begins (although you can place bets on it throughout the season).
The F1 Drivers Championship is awarded to the driver who over the course of the season accumulates the most points. For each race, points are awarded for each place as follows:
- 1st – 25 points
- 2nd – 18 points
- 3rd – 15 points
- 4th – 12 points
- 5th – 10 points
- 6th – 8 points
- 7th – 6 points
- 8th – 4 points
- 9th – 2 points
- 10th – 1 point
The Constructors Championship
Another popular way to bet on Formula One is to bet on who will win the Constructors Championship. This is won by the team that finishes with the most points accumulated by their drivers over the course of a season. Like betting on the driver's championship, this is a long term bet with most people choosing to bet on it at the start of the season. However, you can bet on it throughout the season too.
You can also choose to bet on single races in Formula One. Before each race, you simply place a bet on who you think is going to win the race. Other ways to bet on a single race include each-way bets where you get paid out if your chosen driver wins or comes second, third or fourth.
There is a myriad of other bets that you can place on Formula One. These range from the fast lap during practise or a race to betting on who has the fastest practise or qualifying laps. Take a look at the bookmaker of your choice and you’ll see that there are lots of options.