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There are many different ways to bet on Formula One races. If you enjoy betting on Formula 1, the chances are that you’ve already explored a variety of markets, but have you ever considered F1 podium finish betting?
With three podium places up for grabs in every Grand Prix, Formula 1 podium betting gives you multiple chances to win money, regardless of whether your driver wins the race. Read on to discover our F1 podium finish betting strategy tips.
How to Bet on F1 Podium Finishes
As the name of the market suggests, Formula 1 podium betting enables you to wager on which drivers will secure a podium finish in a Grand Prix. Of course, the race winner claims the top spot on the podium, but the drivers who finish second and third also grab a place on the podium.
When it comes to betting on F1 podium finishes, you are essentially wagering on a driver to finish in the top three. Naturally, the outright favorite will have the lowest odds, but the podium market gives you the chance to back other contenders with more realistic prices.
For example, Max Verstappen is priced at -200 to win a race. Sergio Perez is the bookies’ second favorite at +500, with Lewis Hamilton at +1000. However, the podium odds have Verstappen at -800, Perez at – 100 and Hamilton at +100.
Although the podium odds are lower than the race winner odds, you stand a far greater chance of winning money on the podium market, as your pick can finish first, second or third and still make you a tasty profit.
Tips for Winning F1 Podium Finish Bets
Now that you know how to bet on F1 podium finishes, it’s time to go over some useful tips for winning F1 podium finish bets. If you’re serious about taking podium betting up a gear, be sure to make use of the following tips.
Analyze Form and Recent Race Results
Analyzing the form of drivers and previous race results will stand you in good stead when it comes to laying down your podium finish bets. If a driver has secured a series of podium finishes, the chances of them finishing in the top three in the next Grand Prix will be high.
Use Qualifying Results to Your Advantage
Before every Formula 1 Grand Prix, the drivers compete in qualifying to determine the grid positions for the race. Qualifying often gives you a good idea about how the race will pan out, so you can use qualifying results to aid your podium bets.
Consider the Track
Some drivers have favorite circuits, while others prefer racing on certain tracks. If you study the history books and determine which drivers perform best on each circuit, you could make a sizeable profit when it comes to F1 podium finish betting.
Learn more about the biggest F1 races next.
