There’s no denying the fact that people love betting. One of the things that they love betting on is Formula One racers.

After all, these races are always very close and are based on pure skill, strategy, and speed. Formula 1 isn’t for the faint hearted though. There is a lot of risks involved and things move quite fast.

Most new gamblers are shocked when there’s a pile-up on the race course. But, for steady bettors, they already know that it’s a part of the game. It helps keeps things on the edge and interesting.

It even ensures that the betting odds, when it comes to Formula One, aren’t stingy. The minimum here is money line odds of 250. Long odds are also quite popular. The nasty smash ups which can clear half the leader board make sure no racer is ever completely dismissed.

Timeouts have a huge impact in large tournaments. As drivers have to compete at particular levels. Sometimes, exceptional finishes help to make up for these down times. But, if your favourite driver and his car are out of commission, your chances of winning fall considerably.

Fortunately, there are a lot of betting types to choose from. It’s pretty obvious that the straight winners will be the most popular bets. But that doesn’t mean there aren’t other types of bets to choose from.

You could choose to place bets on the overall finish, fastest lap times and even podium finishes. This gives you multiple opportunities to win a bet even if the racer is no longer in contention for the pole position. There are a number of elements in the race which you can bet upon. With so many options on offer, you can only expect F1 betting to become more popular as time goes by. So, when you are placing your first bet?