Types of Bet on Formula One Bets If you are a racing enthusiast and have an avid interest in Formula 1 racing, then you will be glad to know about the types of bets you can place on the Formula One races. To-win bets are purely betting on a single driver to ultimately win the whole race in which you wager. The betting strategy is simple and enables you to bet as much as you wish on that particular driver, and thus have a higher payout if they actually win the entire race.
Handicap Matches is a combination of pure win bets and support wagers. These are the most popular bet type, simply because they offer a bigger earning potential than a pure win or support wager. In other words, a handicap match offers two outcomes – a win or a defeat. However, unlike pure wagers, a handicap match offers a better payout since it is more likely that you will actually come out on top in a win rather than coming out on the losing end. This has made these types of wagers very popular among professional Formula 1 drivers.
Prop Bets Prop bet types fall under the same broad spectrum of categories as the previously mentioned types of bets. There are a wide variety of prop bets available to both regular and online sportsbooks. Prop bet types include pole positions, bonus time bets, and most importantly, there are also wheel bets. With this type of wager, the bookmaker has the right to decide how many points you’re going to earn, in terms of your final finish. This way, the bookmakers can increase or decrease your payout depending on how close you came to winning the game.
Starting Positions Most sportsbooks offer starting lineups from three races, with one entry in the mid-file and one entry in the last three races. For example, if you enter the first race, you will be seeing around four different teams competing for the win. From this group of around four teams, you will then see around six different horses who could potentially be contenders for the win. Therefore, you should focus your attention on one team each day and place your bet accordingly. You may even find yourself taking a break in between, looking at your favorite team and deciding whether or not to bet on it.
Bonus Time Bets On Formula 1 races, there is usually a bonus time period after the race where you can switch your wager types. If you wish to switch, all you have to do is talk to your local bookmaker about it. Many sportsbooks will allow you to switch after the time expires since it is in their best interest to give their customers the opportunity to. You may also want to switch teams on occasion, especially if you notice a certain driver or team consistently performing below par during that time period. If you are unsure about a driver’s potential, you can move your bet to the next best alternative, then switch once you are satisfied with the driver’s potential. This way you don’t waste money betting on multiple teams when you have one that is performing consistently at the same level as another team.
Betting On Formula One As a fan of the series, you may feel obligated to place your bets in order to win for the season. While it is definitely possible to do so, this is not usually what bookies set out to do. They make money by collecting premiums from bettors who hope to come away with the winning wager and hope that other bettors who place non-winning wagers will pay them based on their winnings. While this isn’t the main goal of most bookmakers, they still need their customers to keep paying them so that they can stay in business.