There’s no denying the fact that Formula 1 is among the most popular and most respected sports in the world. Throughout the years, we’ve witnessed many legends of the sport taking the podium, with some honourable mentions being Ayrton Senna, Michael Schumacher, Mika Häkkinen, James Hunt, Niki Lauda, etc.
In present times, it is safe to say that the F1 world is under the command of Lewis Hamilton, who keeps breaking every record known to the sport. As for the fans, they are thrilled to be able to enjoy the sport and watch every race on the calendar.
They are also fond of placing bets and that is the reason why F1 is actually one of the most popular sports to bet on. With that being said, we wanted to provide you with 4 things that you should consider before betting on F1. Let’s check them out.
Online or Land-Based Betting?
This is one of the biggest dilemmas for sports bettors in the UK and around the world. In the past couple of years, online sportsbooks have managed to grow in popularity due to the fact that they have tons of fantastic features.
Some of them include wide market coverage, numerous featured payment methods, greater security, easy accessibility, and so on. Speaking of wide market coverage, there are some operators that have decided to go a step further by coming up with a hybrid approach in which registered bettors can also enjoy casino games.
And if that is not enough, pay and play casinos allow them to deposit funds and enjoy the featured games without even having to register an account. That way, you can save a lot of time and dive into the world of entertainment right away.
On the other hand, land-based betting is the traditional way of betting, which has its advantages, but they are more social. If you are looking to be provided with the best betting experience, then online sportsbooks are the best option.
Choose a Reputable Site to Bet On
Once you decide to bet online, you must be aware of the fact that not every online sportsbook is reputable and trustworthy. Some of them may be scam sites, although the chances of coming across a site of this character are low since the UK Gambling Commission is effectively regulating the market.
To choose a reputable site, you should check if the site is licensed or not. Licenses are displayed at the bottom of the home page and they are an indicator that the sportsbook can provide you with legal F1 betting services.
Check if There Are Any Active Bonuses and Promotions
Since the inception of sports betting in the UK, bettors wanted to maximise their winnings. With online sportsbooks, there is one thing that you can do to boost your rewards and that is to use bonuses and promotions.
Check if there are any applicable bonuses to F1 and be sure to use them. However, keep in mind that every bonus comes with terms and conditions that you need to meet before you can withdraw all winnings.
Do Not Use Your Emotions to Bet on F1
Finally, you should never place F1 bets based on emotion. If Hamilton is your top driver don’t wager because you are his fan. Emotional decisions often lead to mistakes. Be rational with your thinking and let cool heads prevail.
Analyse each race by taking a look at the statistics and determine which driver/team has the best chances of winning. That way, you will increase your chances of placing a winning bet.
