F1 Betting Strategy Guide

If you’re looking to take your Formula 1 betting up a gear, you have come to the right place. Our F1 betting strategy guide covers a vast range of useful topics, including preseason testing, driver records and track types. 

There are many different ways to bet on Formula 1, and this F1 betting strategy guide explains how to take advantage of all the top Formula 1 betting markets. So, strap yourself in and enjoy the ride!

F1 Betting Strategy for Preseason Testing Results

Prior to the start of every Formula 1 season, the drivers and teams will participate in preseason testing. Typically held a couple of weeks before the season starts, preseason testing can give bettors an indication of how the drivers and their cars will fare when the action begins. 

Preseason testing generally runs from Friday to Sunday, giving those who bet on F1 plenty of data and statistics to analyze. While these test days allow teams to prepare for the season, they also enable bettors to paint a rough picture of the campaign ahead. 

Of course, just because a driver produces the fastest times in preseason testing, it doesn’t mean you should back that driver to win the World Drivers’ Championship right off the bat. However, this F1 betting strategy allows you to collect lots of important information.

Make Full Use of All the Formula 1 Betting Markets

Those without a solid F1 betting strategy may stick to wagering solely on race winners. However, there is a lot more to Formula 1 betting than simply predicting the winner of the next Grand Prix. 

In fact, there is a wide variety of F1 betting markets out there. If you want to maximize your chances of winning money while betting on Formula 1, you should explore all the different options to find the best possible value. 

Let’s take a closer look at the best F1 betting markets out there.

  • Betting on Formula 1 Races – This F1 betting option enables you to wager on multiple aspects of a race. Not only can you bet on the Grand Prix winner, but you can also bet on the podium finishers, top 10, fastest lap and many other markets. 
  • Outright Formula 1 Betting – Outrights, also known as futures, allow you to place long-term wagers on end-of-season events. For example, you can predict the winner of the World Drivers’ Championship and the World Constructors’ Championship. 
  • Formula 1 Props and Specials – F1 proposition bets are wagers that are unrelated to the result of the race. Instead, they focus on occurrences and non-occurrences. For instance, a sportsbook may enable you to predict whether or not Max Verstappen will finish ahead of Lewis Hamilton. 
  • Live Formula 1 Betting – If you’re serious about developing a winning F1 betting strategy, you should consider live Formula 1 betting. Sportsbooks offer a range of in-play markets, including next driver to retire and next driver to record the fastest lap.

At the end of the day, the more Formula 1 betting markets you explore, the more likely you are to find profitable opportunities. 

Max Verstappen/redbull in Spanish Grand Prix 2023
Redbull in Spanish Grand Prix 2023

Look at Driver Records for Each Grand Prix

Some drivers dominate certain Grand Prixs, while others struggle at specific tracks. With that in mind, it pays to study driver records for each race before you part ways with your cash. 

Naturally, the best drivers are bound to collect more victories thanks to their superior ability, but there is no hiding the fact that certain drivers prefer racing at particular circuits. 

For example, Lewis Hamilton has won both the British Grand Prix and the Hungarian Grand Prix on eight occasions. Sure, Hamilton has achieved more race victories than any other driver in F1 history, but he clearly prefers racing on certain tracks.

F1 Betting Strategy Relating to Track Types

The Formula 1 schedule is made up of three track types – race, street and road. Each of these circuit types has specific characteristics and nuances, so you should also consider the track type before you place your F1 bets. 

Below, we explain the key features of each circuit type.

  • Race Circuit – A purpose-built motorsport track with long straights and sizeable run-off sections. 
  • Street Circuit – A temporary track – usually in a city – with very few straights and lots of tight corners. 
  • Road Circuit – A hybrid circuit that comprises a blend of permanent track and public road.

The track type can have a big impact on how a Formula 1 race unfolds. Street circuits typically present limited overtaking opportunities, meaning drivers at the front of the grid stand a better chance of winning. 

On the flip side, race circuits and road circuits allow for more overtakes. If you’re betting on a Grand Prix that is held on a race circuit or road circuit, you need to be aware that driver positions will change more frequently.

Back Multiple Drivers to Win the Championship

Our final F1 betting strategy concerns picking more than one driver to win the World Drivers’ Championship. Yes, this might sound like a strange thing to do, but it can help you win money in the long run. 

Let’s say that the top three favorites are priced at +400, +600 and +800. Thanks to the generous outright odds, you can back multiple drivers and still make a profit. 

Of course, you shouldn’t back multiple drivers simply because you can. The favorites are the favorites for a reason, so picking a rank outsider won’t get you very far. However, betting on two realistic contenders with worthwhile odds can be very profitable.

Put Your F1 Betting Strategy Into Practice

That concludes our F1 betting strategy guide. Hopefully, the information on this page will help you get the better of the bookies and make a tasty profit by betting on Formula 1. 

You will be pleased to learn that we cover a variety of different motorsports, including NASCAR and IndyCar. If you want to take advantage of more motorsport betting tips and advice, be sure to sign up to Sports Hub.

About the Author
Joe Berra
Joe Berra
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Joe takes care of the bits and pieces that sometimes slip through the cracks of the sports world. Efficiency and consistency is what makes SportsHub.com different. JB helps keep Sports Hub’s content fresh and exciting, managing its many authors. From the New York area, Joe knew he had a knack for sports betting when his uncle was always asking him which side he was on as a young boy. His meticulous approach to the numbers formed his career path as a professional handicapper. Joe is sometimes called Jimmy Bagpipes, JB or Mr. B.