Mastering Betting on Formula 1 Podium Finish Market

If you are new to Formula 1 betting things can be confusing. There are loads of markets to choose from but, for the most part, our inherent mind-set always leads us to trying to identify a race winner.
In truth that is not that difficult to do. Since the start of 2014, when Formula 1 cars were converted from 2.4 liter V8 vehicles to the more environmentally friendly 1.6 litre V6 hybrid they use today, Lewis Hamilton in his Mercedes has won more than half of the races that have been staged. His teammates during this period, initially Nico Rosberg and latterly the less successful Valtteri Bottas, have averaged out around the twenty percent wins-to-drives ratio.
This has left limited opportunities for their rivals, primarily the Ferrari and Red Bull teams, who have picked up the pieces when Mercedes have faltered. No other team has won a race since the start of the 2014 campaign.
"Podium Finish" Market Explained
Consequently, selecting drivers from other teams to finish "on the 'podium" gives you a better chance of cashing-in on a rank outsider with the top New Jersey sportsbooks and top Pennsylvania sportsbooks. It is no different to backing a racehorse to finish in the frame whilst accepting the favorite looks an inevitable winner.
But Formula 1 is closer related to jumps racing than the flat variety meaning there can be fallers (crashes in this instance), unseated jockeys (mechanical failure), hampered and carried out horses (punctures) even some contenders being disqualified for taking the wrong course. These variables make the prospect of a big-priced driver collecting some silverware all the more viable.
Car and Driver Form
Driver form is clearly a major factor in motorsports betting as it is closely related to confidence. But the form of the car on the type of circuit it is about to race on is equally, if not more important.
No two Formula 1 race circuits are the same, in fact they are all vastly different. There are tracks which feature long straights where lap time is gained by high speeds – Monza in Italy and Spa in Belgium are two examples – and there are tight circuits where the time advantage is gained by sure-fire tire grip while cornering. Examples of these include Hungary and Monaco.
The technical term for a fast track is a "low downforce circuit" and the slower tracks with tight corners are known as "high downforce". The reason being, cars require more or less downforce, created by their wings, to go fast through the air at speed or to be nailed to the circuit around corners. A car’s wheelbase (the distance between front and back wheels) is another factor which helps a car with cornering at speed.
Track Analysis
So if you are trying to identify a podium finisher, particularly one at a big price, you need to assess the driver’s car’s likeness for the circuit’s characteristics. The gap between the best and worst cars is magnified at the circuits with long straights and sweeping bends. Bahrain, for example, regularly sees just six cars complete the race on the lead lap.
But at Monaco in 2019, just ten seconds separate the first five home and that was no flash-in-the-pan. It's a slow-speed street circuit where overtaking is near impossible, so it is conducive to competitive racing and if/when you do see a treble-digit driver sneak on to the podium this circuit is one of the more likely venues where it will happen.
The Azerbaijan Grand Prix is also staged around a wall-lined street circuit with tight corners, and in both 2016 and 2018, +10000 shot Sergio Perez managed to pinch third spot. In-between those two years Lance Stroll defied win-market odds of +30000 to also snatch a bronze medal.
Check Out: Unibet Sportsbook For Free Bets and Welcome Bonus.
Timing Your Bet
Timing your Formula 1 bets is of vital importance. Markets normally open on the Monday afternoon prior to the race weekend and the race weekend begins on Friday with two very informative practice sessions. There is a third practice session on Saturday followed by the decisive qualifying session. Sunday is race day.
Odds will fluctuate dramatically between Tuesday and the completion of the first practice session and anyone who takes their Formula 1 betting seriously will tell you the earlier you examine all the F1 betting markets, the more likely you will find a stand-out price discrepancy.
There is no substitute for studying the stats when it comes to Formula 1 betting, so make sure you know each circuit just as well as the drivers.
Recommended Betting Sites
- Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY) Call 877-8-HOPENY or text HOPENY (467369) (NY). Must be 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-327-5050 (MA), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Visit BetMGM.com for T&Cs. US promotional offers not available in MS, NV, NY or ON.Brand Ambassadors such as Jamie FoxxMGM Rewards Redeemable at MGM ResortsOfficial Partner of NY Knicks, Rangers & DevilsGAMBLINGFB200Promo Code
The code required to claim this sign-up bonus (if any)
Live StreamingIs there live streaming of sporting events?
YesIn-Play BettingThe number of sports with in-play betting available
11Bet BuilderCan you create your own personalised bets?
YesCash OutCan you cash out of bets before an event has finished?
YesFirst Bet OfferNoBetMGM is one of the biggest sportsbooks in the US. Brand offers a broad variety of sports betting markets. It's M rewards program is uniquely rewarding. - Must be 21+ to participate. T&Cs apply.Only US Sportsbook with NFL StreamingCaesars Rewards Redeemable at Ceasars LocationsImproved Odds for NY Mets & Chicago White SoxGAMBLING1000Promo Code
The code required to claim this sign-up bonus (if any)
Live StreamingIs there live streaming of sporting events?
YesIn-Play BettingThe number of sports with in-play betting available
14Bet BuilderCan you create your own personalised bets?
YesCash OutCan you cash out of bets before an event has finished?
YesFirst Bet OfferYesBacked by Caesars Entertainment, the sportsbook provides real-life loyalty rewards for bettors. Various free bet offers on its promotions page. - Offered by Seminole Hard Rock Digital, LLC. Must be 21+ and physically present in AZ, IN, NJ, OH, TN or VA to play. Terms and conditions apply. In IN, if you or someone you know has a gambling problem and wants help, call 1-800-9-WITH-IT. In AZ call 1-800-NEXT-STEP or text NEXTSTEP to 53342.GAMBLING PROBLEM? CALL 1-800-GAMBLER (NJ, OH, TN, VA)Hard Rock Rewards Redeemable in Cafes & CasinosMobile App Uses Accertify for SecuritySupports Payments with Nuveinot requiredPromo Code
The code required to claim this sign-up bonus (if any)
Live StreamingIs there live streaming of sporting events?
YesIn-Play BettingThe number of sports with in-play betting available
10Bet BuilderCan you create your own personalised bets?
YesCash OutCan you cash out of bets before an event has finished?
YesFirst Bet OfferYesHard Rock Sportsbook partners with American Express Accertify to protect its mobile users from fraud. The world renowned brand features a comprehensive selection of sports. - Must be 21+ and in a legal betting state to participate. T&Cs apply. Gambling Problem? Call 1-800-GAMBLEROfficial Live Streaming of MLB GamesFree-To-Play Prize Pool GamesOfficial Partner of the NBA, Including NBABet Streamnot requiredPromo Code
The code required to claim this sign-up bonus (if any)
Live StreamingIs there live streaming of sporting events?
YesIn-Play BettingThe number of sports with in-play betting available
19Bet BuilderCan you create your own personalised bets?
YesCash OutCan you cash out of bets before an event has finished?
YesFirst Bet OfferNoDraftKings is one of the biggest US sportsbook brands. Also provides Daily Fantasy Sports, an online casino, and NFT marketplace. - Must be a new verified Betway patron. 21+. Opt-in may be req’d. Make your first min. deposit of $10+, place a wager up to $250 (with odds of at least –300) and receive up to $250 as bonus bet funds if the wager loses. Wager must be settled within 7 days from new account opening. Qualifying wager restrictions apply. Any bonus bet funds earned must be used within 7 days of receipt. Bonus bet funds are not the same as cash, must be used in the Sportsbook, and are subject to restrictions. Promo subject to full T&C’s us.betway.com/sport/bonus-terms. Gambling problem? Call/text 1-800-GAMBLER.eSports Operator of the Year 2021Official NHL PartnerParlay Booster & Overtime Insurancenot requiredPromo Code
The code required to claim this sign-up bonus (if any)
Live StreamingIs there live streaming of sporting events?
NoIn-Play BettingThe number of sports with in-play betting available
12Bet BuilderCan you create your own personalised bets?
YesCash OutCan you cash out of bets before an event has finished?
YesFirst Bet OfferYesBetway is a world-renowned brand featuring easy-to-use platform with competitive odds. Those seeking NHL specific promos will find them with Betway. - 6Bet $1 and Get $365 in Bonus Bets at bet365. Deposit required. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits and exclusions apply. Must be 21+ to participate. Gambling Problem? Call 1-800-GAMBLER
- Must be 21+ to participate. T&Cs apply.'Operator of the Year' 2021MLB Same Game Parlay $20 RefundsOfficial Partner of the NFL, NBA, NHL, & MLBnot requiredPromo Code
The code required to claim this sign-up bonus (if any)
Live StreamingIs there live streaming of sporting events?
YesIn-Play BettingThe number of sports with in-play betting available
18Bet BuilderCan you create your own personalised bets?
YesCash OutCan you cash out of bets before an event has finished?
YesFirst Bet OfferYesFanDuel is one of the biggest sportsbook operators in the US. Backed by Flutter Entertainment, one of the biggest gambling operators globally. - Must be 21+ to participate. T&C apply.Bet on Same Game Parlays to Receive Free BetsBacked by Rush Street Gaming, Founded in the 90s20% MLB Profit Every TuesdayGAMBLINGPromo Code
The code required to claim this sign-up bonus (if any)
Live StreamingIs there live streaming of sporting events?
YesIn-Play BettingThe number of sports with in-play betting available
9Bet BuilderCan you create your own personalised bets?
YesCash OutCan you cash out of bets before an event has finished?
YesFirst Bet OfferYesBetRivers provides a wide range of free bet promotions for major league sports. Also offers the iRush Rewards program. - Must be 21+ to participate, Terms & Conditions Apply. This promotion will only be available to all new PointsBet players in CO, IL, IN, IA, KS, MD, MI, NJ, NY, PA, VA and WV.Hallmark Points Spread Betting System with High Potential RewardsBetCast Platform with Live Odds while StreamingPartner of NBC Sportsnot requiredPromo Code
The code required to claim this sign-up bonus (if any)
Live StreamingIs there live streaming of sporting events?
YesIn-Play BettingThe number of sports with in-play betting available
10Bet BuilderCan you create your own personalised bets?
YesCash OutCan you cash out of bets before an event has finished?
YesFirst Bet OfferYesPointsBet boasts the unique points betting wager type you can't find at any other US sportsbook. It offers a generousw welcome bonus to new users. - Must be 21+ to participate. T&C apply.Official Betting Partner of Pittsburgh Steelers & Philadelphia EaglesOwned by Renowned Kindred GroupLeading European Sportsbook since 1997GAMBLEPromo Code
The code required to claim this sign-up bonus (if any)
Live StreamingIs there live streaming of sporting events?
NoIn-Play BettingThe number of sports with in-play betting available
19Bet BuilderCan you create your own personalised bets?
YesCash OutCan you cash out of bets before an event has finished?
YesFirst Bet OfferYesUnibet's award winning platform is easy-to-use and provides a wide range of sports markets. Exclusive odds and offers on NFL Eagles and Steelers games.
Be first to get our exclusive sports offers!
Join today to stay up to date on your states gambling news and offers.