What's the best way to place a bet on the F1 Championship?

[Emeye]

Never really gambled in my life!

Fancy placing a smallish amount of cash on the outcome of the F1 World Championship. Am I best to do this on-line, or should I just walk into the local bookmakers?


Any way of finding out the best odds, or will most bookmakers be very similar?

Any tips? (Don't bother? )

[Arese]

Ladbrokes online seem to do it.

Edited by Arese on Tuesday 23 February 14:41

Edited by Arese on Tuesday 23 February 14:42

[Republik]

Betfair for in race betting. You can even bet on the winner of the race on the last lap. Albeit for a st return.

[Colin_147]

Betfair or Betdaq. Better odds and can lay off in running

[WorAl]

Republik said:

Betfair for in race betting. You can even bet on the winner of the race on the last lap. Albeit for a st return.

Oh? tell me more. So its a st return, if its in the last lap, you could plough as much as possible in and at least be up (so long as they don't wipe out)

[Emeye]

Colin_147 said:

Betfair or Betdaq. Better odds and can lay off in running

What does that mean?

[Republik]

WorAl said:

Republik said:

Betfair for in race betting. You can even bet on the winner of the race on the last lap. Albeit for a st return.

Oh? tell me more. So its a st return, if its in the last lap, you could plough as much as possible in and at least be up (so long as they don't wipe out)

Laying betting makes it possible. As it is with horse racing. You have to act quickly. Using their system you will get a return of around £0.05-£0.12 for every £1 you bet. Plus there is the risk that if they crash out you lose a massive amount of money.

Basically to make £1 at odds of 1.10 you would need to bet £10 with the risk of losing it. A £100 would see you make £10 profit.

Edited by Republik on Tuesday 23 February 14:54

[Colin_147]

Emeye said:

Colin_147 said:

Betfair or Betdaq. Better odds and can lay off in running

What does that mean?

Its a betting Exchange, whereby you can amend your bets in running. If you bet with ladbrokes your bet is locked in for the season. If you bet with an exchange you can 'sell' your bet depending on how well your driver is doing. Assume you back Button at 12/1 for £10. You stand to win £120 plus your stake back. Lets assume Button wins the first 3 races of the season, its likely his odds will tumble, lets say to 4/1. You can now 'lay him' for odds of 4/1 (by technically becoming the bookie). You could just sell £40 of your potential £120 return bu laying him at 4/1 for £10. this way you get your money back and still have £80 equity on him winning, technically making it a free bet. or you could sell all £120 off for £30, making you £20 profit


You do pay commission to the exchange but odds are usually 5-10% higher on average

[Not Ideal]

Betfair.

Bear in mind that if you bet on say the championship winner you won't get paid out (if you win) until the season ends in November so your money will be tied up for a while..!!

[Al W]

Colin_147 said:

Emeye said:

Colin_147 said:

Betfair or Betdaq. Better odds and can lay off in running

What does that mean?

Its a betting Exchange, whereby you can amend your bets in running. If you bet with ladbrokes your bet is locked in for the season. If you bet with an exchange you can 'sell' your bet depending on how well your driver is doing. Assume you back Button at 12/1 for £10. You stand to win £120 plus your stake back. Lets assume Button wins the first 3 races of the season, its likely his odds will tumble, lets say to 4/1. You can now 'lay him' for odds of 4/1 (by technically becoming the bookie). You could just sell £40 of your potential £120 return bu laying him at 4/1 for £10. this way you get your money back and still have £80 equity on him winning, technically making it a free bet. or you could sell all £120 off for £30, making you £20 profit


You do pay commission to the exchange but odds are usually 5-10% higher on average

Alternatively, you could be an accountant Monday to Friday, and just enjoy some sport on Sundays...

[MGJohn]

Search for all the usual on-line Bookie suspects ... W.Hill, bet365 et al and check their odds offers on the events you are interested in.

You really can bet on just about anything with online bookies. If you are a good judge of some sports, then it's nice to not only be right with your forecasts, but winning a few quid is a bonus too.

I won a few quid tonight on the football ~ I waited for a number of minutes well into the game and when the skinny odds were at their most attractive, had my bet. The odds were short, bit like buying money when you back an obvious team such as Man Utd. They rarely lose but, their win odds are always skinny because they tend to win a lot and they have such a massive worldwide following .... many followers like a bet. Bit like backing Schumacher M. in the days that he obviously not only had the best car, but the best pit strategy management ... thus he did win many races so his odds were very skinny most races.

I specialise in top class horse racing ( flat mostly but also jumps ) football and F1. Sports and events that really interest me and I have a good knowledge of gained over many years. Had my first serious bet in 1961 as a teenager shortly after betting shops first became legal ~ it lost but, that experience taught me a lot and I always make sure all my bills are paid first and only then bet accordingly. Never done any harm and more than once or twice, have had more cash than if I had saved regularly for years.

It's nice to be right and even nicer when you draw a few quid at the same time ...

Be patient, bet wisely what you can afford to lose ... and ... Oh yes, be lucky .... that always helps ...
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