Useful statistics on the 2012 season. Details on how many places each driver gained or lost in each 2012 race. Also, details showing how often various positions on the grid yield victory and details for all the main driver showing their qualifying position for their race wins.

  • JUser: :_load: Unable to load user with ID: 264

F1 Betting Guide

Friday, 20 July 2012, by

Advice on F1 betting

Proportion your money

The simplest and most important advice comes first: carefully proportion your money across the twenty race season. A truly great drivers like Alonso or Hamilton will struggle to win quarter of the races, making a single large bet on a specific driver winning a specific race highly risky.

Have separate budgets for low risk low reward and higher risk higher reward bets. Low risk bets might initially make a loss and might only start to pay off some way into the season whereas high risk bets might never deliver or could produce an excellent profit the first race. Separate budgets gives a good indication of where you are gaining or losing money and helps avoid despair if numerous higher risk bets have not paid off.

Bet on different drivers

Over the last few years most race wins have gone to one of five different drivers. 2012 still has Vettel, Webber, Alonso, Hamilton and Button as the main contenders for victory, although unlike previous years challenges for race wins are have come from Mercedes, Lotus, Williams and Sauber. With around twelve drivers as realistic contenders for victory betting upon a single driver is extremely risky.

Assess the field and determine who are the strong contenders and then narrow it down to the three with the best odds. Spread your most money across them to ensure if any win you'll break even or make a small profit. Then pick one of those drivers with the best odds or most likely to win and place additional funds upon him. If your judgement is good there'll be a large pay out and only if none of those three win do you lose money. By focusing upon drivers who qualified well losses should only occur if someone further down the grid produces an unexpected and unlikely victory.

Race and championship winner are not the best bets.

Bets on race winner and especially the championship are by far the most popular but are not the best value. These categories certainly deliver the excitement so are worth betting on to add enjoyment but whilst profit is possible less interesting bets will consistently pay off better. The problem is that bets on the winner are very specific, only one car takes the prize. By contrast, a car can finish anywhere from 1st to 6th and still pay when betting on a top six finish. Also, multiple cars finishing top six means multiple pay offs when spreading bets across different cars, unlike multiple bets on 1st place.

Bets on podiums, top six and top ten have have lower profit but far lower risk than race winner. For example, Alonso has won 17% of races since 2010 compared with Alonso finishing top six 79% of races. Statistically, 4/1 (5.00) will pay off for Alonso race victories but such high odds are rare whereas 1/4 (1.25) will pay off for top six and can easily be found. Part of the skill of F1 betting is knowing when not to follow the statistics, such as working out which factors mean Hamilton looks good for victory for a particular race during a season dominated by Vettel. A knowledgeable F1 better might get such statistics defying hunches once every second or third race and are worth going on but for races without those hunches bet by following the statistics.

Betting on odds VS winner

Some people focus upon correctly picking the winner whatever the odds whilst others bet upon drivers they doubt will win but are good bets because of their underrated odds. Generally, only small bets are recommended for either of these situations. Vettel will have very low odds for victory when sitting on pole, making profits small but high losses if someone else wins. Kobayashi might have odds of 50 to 1 for victory so expect to lose money season after season hoping for a single big payout that probably will not come. Both these bets are easy ways to lose money so limit the size of the bet.

The best bets are combinations of these, drivers who could realistically could win but with underrated odds.You might not have complete faith in a Hamilton victory from 3rd position on the grid but it is certainly possible and will pay off well at 4/1 (5.00). For multiple bets, on this hypothetical grid, place a medium bet on Vettel's 1/1 (2.00), place a smaller bet on Alonso's 2/1 (3.00) and the highest for Hamilton. If Vettel or Alonso wins no losses are made and Hamilton's victory gives the big pay out. Since races are usually won from 3rd or higher, place a bet on all three but bet most on whoever you feel the bookies has underrated. Unless the 4th place man wins, this is low risk and potentially high pay out betting.

Follow trends not feelings

All F1 fans get emotional involved, both about driver they like and dislike. It is difficult not to feel strong positive or negative emotions when Alonso wins from starting 11th position or if Vettel wins every second race a season. However, these emotions conceal trends and are not a good basis for bets. For examples, for years now the Red Bulls looks by far the best car and therefore good for safe bets for victory. However, Vettel has never won from below starting 3rd and Webber from below starting 2nd. No matter how almighty Vettel can look, never bet on his victory when starting below 4th position. Perception of Vettel's dominance means Vettel starting 4th will have lower odds than Hamilton starting 3rd, a position Hamilton has often won from. Trends are especially useful for low risk, low reward betting. Everyone remembers Alonso's incredible victories but this conceals that Alonso has finished top six 89% of the time since 2011. Money can certainly be made by Alonso's victories but more money can be made from Alonso consistently finishing 6th.

Check different websites

There is no point in placing a bet at 2/1 (3.00) if another website has odds for that driver at 3/1 (4.00). No one website consistently offers better odds but with over ten F1 betting website to choose from often one website can offer substantially better odds for specific bets. Betting websites gain more customers by having higher odds than their competitors, meaning they have an incentive to make odds attractive to customers.