Online betting for the Federation Internationale de l’Automobile (FIA) Formula One race is a very lucrative business for betting companies. If you are new to the world of online betting but want to take a chance with online betting for the FIA Formula One race, it helps to know that you have plenty of options to choose from.
Here is a brief introduction of the top 5 most popular bet options that can help you decide how you want to bet.
Race Outright – All race bets are settled based on the final and official classification of the FIA at the time of podium presentation.
Championship Outright – per FIA classification, the wagers will be classified directly after the final race of the season. The results will not be affected by any demotions or penalties.
First Retirement – Once the first lap begins, the first retirement bet gets activated. The winning bet will be based on the driver of the first car to retire from the race. In the event that there is more than one driver or car to retire from the race, then the rule of dead-heat will apply.
Fastest Lap – The winner will be decided based on the official FIA results at the time of podium presentation.
Podium Position – As the name implies, the winning bet will be based on the official FIA results at the time of podium presentation. The bet will not be affected by any subsequent appeals or disqualifications.
If you are a Formula One racing fan, then you have a pretty good idea of the drivers or cars who are usually in the top of the race finals. As a beginner to online betting, I would recommend that you start betting at a small amount then later increase your bet when you feel that you have a better grasp of how the game is played.