The Formula 1 2024 season has just begun -on March 5 – and it promises to be one of the best seasons with a record of 23 regular races. Starting off with the Bahrain Grand Prix and ending with the Abu Dhabi Grand Prix on November 26, this season is going to have everything, plus a new Las Vegas Grand Prix!
For both F1 fans and F1 bettors the most wonderful period of the year is kicking off and the heat is skyrocketing as we all expect to watch magic things happening out there in the race tracks of the 23 races. Betting on F1 events is expected to skyrocket in the following months as punters are long waiting to place wagers on their favorite drivers and constructors. All over the world, gambling sites and betting platforms have opened their F1 markets, waiting for fans to have their picks. Bangladesh betting is no exception to this, as F1 bets are anticipated to surge, particularly during the periods of the races.
But before we get deeper into the 74th Formula 1 Championship, let’s see our basic predictions.
Max Verstappen to be the 2024 F1 Driver Champion
Max Verstappen is a phenomenon! Not only he won 15 out of the 22 races in the previous season, but he is now quite unstoppable and he seems absolutely devoted and determined to win the championship this year, doing a two-in-a-row miracle and retaining the title that he will be called to defend throughout the following months.
Sportsbooks are already giving Verstappen the lead in the list of favorites to win this year the F1 championship. On average they are assessing that the Red Bull phenomenon has a nearly 62% chance of winning at the end of the season, while Lewis Hamilton and Charles Leclerc -being the second and third favorites to win – are given almost 17% of winning each.
While Verstappen is the absolute favorite, bettors should be rather cautious when making their decisions because nothing is guaranteed in Formula 1. Unlike betting on other sports, like football which is relatively unpredictable but where favorites get to have a considerably high win rate, F1 is predominantly fluid.
Red Bull to be the 2024 F1 Constructor Champion
Red Bull is the main favorite to win the Formula 1 Constructor championship this year, with sportsbooks giving them more than a 38% chance of doing it. They are to defend their crown and given the fact that Red Bull are a machine-like organized team, it really makes sense that they are parading on the top of the favorites list.
Last year they won 17 out of the total 22 Grand Prix races and they have the air and the style of the dominant team. Ferrari are now the second favorites to win the 2024 F1 Constructor Championship, while Mercedes comes in third place according to the predictions and odds given by sportsbooks. But our prediction is that they both have very little chances of actually getting the Championship because Red Bull is going to do it once again and they will do it with Max Verstappen on the wheel.
Formula 1 racing is one of the most popular motorsports in the world, and it is also a popular sport for betting. Betting on Formula 1 races can be both exciting and profitable if done correctly. Here are some tips to help you get started with Formula 1 betting.
1. Understand the different types of bets
Before you start betting on Formula 1 races, it is important to understand the different types of bets available. The most common types of Formula 1 bet include race winner, podium finish, pole position, fastest lap, and head-to-head bets. Race winner bets involve picking the driver you think will win the race. Podium finish bets involve picking the driver you think will finish in the top three. Pole position bets involve picking the driver you think will start the race in first place. The fastest lap bets involve picking the driver you think will set the fastest lap time during the race. Head-to-head bets involve picking which driver will perform better in the race.
2. Do your research
Research is an essential part of any betting strategy, and Formula 1 is no exception. Before placing your bet, you should research the drivers, their recent form, and their performance on the specific track. You should also consider the weather conditions and any potential mechanical issues or penalties that could affect the outcome of the race.
3. Consider the odds
When placing a bet, it is important to consider the odds. The odds will determine how much money you can win if your bet is successful. The odds are determined by the bookmaker, and they are based on the probability of a particular outcome occurring. Higher odds mean higher potential winnings, but they also indicate a lower probability of that outcome occurring.
3. Manage your bankroll
Managing your bankroll is essential when betting on Formula 1 races. You should never bet more than you can afford to lose, and you should always have a plan in place for how much you are willing to bet. You should also avoid chasing losses by betting more money after a losing bet.
4. Consider live betting
Live betting, also known as in-play betting, is a popular option for Formula 1 betting. Live betting allows you to place bets during the race, and it can be a great way to take advantage of shifts in momentum. However, live betting requires a lot of attention, and you should be prepared to make quick decisions.
In conclusion, Formula 1 betting can be an exciting and profitable activity if done correctly. You should understand the different types of bets, do your research, consider the odds, manage your bankroll, and consider live betting. Always remember to bet responsibly and never bet more than you can afford to lose.
