Soccer and horseracing are currently the most popular betting sports, but formula one betting has seen a steady surge in online betting popularity in the last few years, so here is how you may make a little more money when online betting on F1 races.
The Driver At The Front Often Wins
When a driver qualifies as the fastest, that driver is set further forwards when the race starts. Despite the fact that the racing machines used are the most advanced land vehicles on earth, the driver in pole position (starting at the front) is still the one that wins around 50% of the time according to the Betfair website. Despite the fact that drivers now have more opportunity to overtake, the person at the pole position still seems to win more often than he/she loses.
It doesn’t take a genius to figure out why. If the person that qualifies as the fastest starts at the head of the group, then common sense suggests that the driver in pole position will win.
Why Do Some Punters Shy Away?
If you were offered a bet where there is a 50% chance of winning, wouldn’t you take it? Most people would, but some F1 punters tend to shy away from the driver in pole position because the odds are so short. In their minds, it is better to take a risk on another driver for a potentially bigger reward than it is to bet on the pole position driver.
You also have to look at the driver himself/herself. Some are actually better at beating those in the pole position than common sense would suggest. They may not qualify as the fastest, but they are seemingly good at getting ahead of the person in pole position. In addition, there are some drivers who are very good at qualifying, but who are pretty poor at converting a pole position into a win.
Misfortune Is Why Pole Position Leaders Fail 50% Of The Time
The fact that they win around 50% of the time offers a lot to mull over, but if you have ever watched F1 races, and if you are a fan of online betting during live play, you will know that misfortune can cost a driver a race. A slight lapse in concentration can lose the race, and a plastic bag flying in the wind can cause drivers to slow needlessly. Drivers sometimes have technical problems, and there are also times when pit stops cost a racer valuable seconds that they need in order to secure the win. There are also changing weather conditions to consider. If you think about all of these factors, you can see why some people will not bet on the driver in pole position.
Reacting To In-Race Developments
Take no advice on this matter. If you watch live races, you will see the various types of in-race developments, such as breakdowns, crashes, etc. It is up to you to decide what you do in these situations, to learn from what you see, and then apply what you have learnt to your future bets. In essence, you need to set up your own betting strategies that deal exclusively with the varying developments that occur whilst a race in is session.
You can predict some in-race developments. For example, if you hear about trouble in the crowd, you may be able to anticipate disruption. Security is tight at F1 races, and with security alerts up and down around the world, you can sometimes predict when jumpy security personnel may disrupt a race. You may also check the weather beforehand to see if it is going to change during the course of the race, so you may make your bets to compensate.
Check for up-to-date and real-time race data. You may have to pay for it, but they will often inform you about driver and track developments before the commentators will. There are even times when you may spot something whilst watching the race that the commentators have not discussed. Many times they wait for an interval before mentioning in-race developments. With real-time race data, you may be able to react to developments before other punters do.
The Fastest Qualifier Will Not Drive The Fastest Lap
You can stake a bet on which driver will drive the fastest lap, and common sense suggests that you place that bet on the driver that had the fastest qualifying lap, but that is not a smart bet. Unless the driver in pole position is pushing for more sponsors or personal glory, then it is not in his/her interest to drive the fastest lap. It is in his/her interest to drive more conservatively and to take as fewer risks as possible. Remember that the other racers are “racing” whereas the person in pole position is simply managing his or her position.
Also, remember that some very good drivers make mistakes when they are qualifying, which is yet more reason why you should avoid staking a bet on the fastest lap with the driver in pole position.
Consider Reliability Statistics
You can look them up or record your own. The key is to search for drivers that lead and how often they stay in front. The odds for your preferred driver may drop when he or she drops from the front, but if the current leader has a poor record when it comes to staying in front, it may be worth betting against the leader whilst the race is in session.
Rumours And Media Reports Are Often Meaningless
You may have read about how a driver is cheating on his or her partner, or how one was arrested, or how one is having a spat with his or her manager, but the fact is that these reports are often nothing more than something to entertain the fans. It is very unusual for a media report or rumour to have any effect on the outcome of a race--even if the report is true. Many times the media will bark on about how great a new car has tested, but many times, knowing this information usually has no effect on how successfully you bet.