What are odds? Betting on Formula 1
Let’s start with the bookmakers’ odds in Formula 1. These are also known as quotations or odds. These numbers indicate how much you can win with your bet and they vary per race or bet type in Formula 1. Example: you bet $100 on an odd of 2:50 and your prediction comes true during the Grand Prix. You then win 100 x 2.5= $250. You make $150 profit from this F1 bet.
In general, bookmakers keep the odds low for title contenders. Odds are higher for underdogs who nobody expects to win.
Types of bets on F1
There are various betting options within Formula 1. It’s advisable to first read up on the recent developments in the season. Then you can take a look at the odds and decide where and what to bet. Betting on F1? The possibilities are endless!
Predicting the winner (outright betting)
The most obvious bet is, of course, predicting which driver will cross the finish line first. There are always a few favourites who have a chance of winning the title. The odds are determined on the basis of the driver’s strengths and weaknesses.
Another possibility is to bet on a podium finish. In this case, it does not matter what position the driver ends up in, as long as he/she ends up on the podium.
You can also bet on your favourite team. Will Mercedes win again? Or will Ferrari, Red Bull Racing and McLaren have a chance?
The great thing about Formula 1 is that it is an unpredictable sport. It doesn’t matter how experienced a driver is, because just one wrong steering move or a minor technical problem can cost him/her the title. Therefore you can also choose to bet during the race. Just like the driver on the track, you have to be able to decide and act quickly at home. This, of course, makes the race very exciting.
World Formula 1 Championship 2021
The great thing about Formula 1 is that it is an unpredictable sport. It doesn’t matter how experienced a driver is, because just one wrong steering move or a small technical problem can cost him/her the title. Therefore you can also choose to bet during the race. Just like the driver on the track, you have to be able to decide and act quickly at home. This, of course, makes the race extremely exciting.
Where can I bet on F1?
Betting on Formula 1 is done at a bookmaker or online casino with Sportsbook. There are several bookmakers to choose from. However, it is recommended not to bet at bookmakers without a license from the Dutch Gaming Authority. Jack’s is licensed and we offer many options when it comes to sports betting. So be sure to take a look at our Sportsbook.
Jack’s Formula 1 betting
At Jack’s you can come to us for all your sports bets, so naturally also for Formula 1! Would you like to bet on Max, for example? Here’s how to do it:
- Create an account or log in.
- Then go to Jack’s Sportsbook.
- In the overview on the left, choose Formula 1. Here you can see all popular competitions, the season championships, the participating drivers and their odds.
- Please check first if we have any special sport promotions running. For example, new players can benefit from the welcome bonus.
- Place your bet and then it’s just a matter of patience to find out whether your prediction was correct.
Good luck, we keep our fingers crossed for you!