Motorsport betting is still considered a fairly niche area of sports betting, albeit one that is growing in popularity all the time. Whether it is Formula One, the World Rally Championships or NASCAR, betting on motorsports offers large potential winnings, but can be more data-driven than other sports betting markets.
In most cases, the betting odds for motorsport events are determined by a number of different factors, including recent form, qualifying results and previous history. You can find out more about the basics of sports betting by visiting Sportsbet.org.uk. However, there are other things you should know before diving in to motorsport betting.
Understanding the Race Build Up
One of the reasons why motorsport events tend to differ from other sports, like football, tennis, or boxing, is the fact that racing events tend to feature multiple components – practice sessions, qualifying sessions and the race itself. Understanding these elements can play a key role in any betting strategy.
Qualifying sessions are likely the single biggest determining factor for bookmakers setting race winner odds. For punters, this information, combined with information from practice sessions, can help to establish patterns and provide a stronger evidential basis for betting on a particular racer or team.
Often, the trick is to identify a pattern or trend the bookmaker has not noticed.
Using Data From Previous Races
In addition to paying attention to the immediate build up to a race, however, it is also important to look at previous race data. For example, if Lewis Hamilton has won the past four F1 races and seems to have the best car, it may be worth backing him, even if he qualifies in 3rd or 4th position on the grid.
Moreover, it is worth paying attention to form from previous years. Across all motorsport, you will find examples of tracks that a particular driver excels on, or tracks where a particular race team dominate. Looking at this past data can provide invaluable insight, which can inform your bets and improve your chances of success.