F1 Betting Tips Canada

It can be very entertaining and most importantly, profitable to bet on Formula 1 races from Canada. Betting on F1 becomes profitable when you use a proper betting strategy for Formula 1 otherwise just like any sport, you will be left at the mercy of Lady Luck.

So if you want to know all the secrets about F1 betting from Canada, you are in the right place. After reading our F1 betting strategy, F1 betting tips and a bit of patience, you will be on your way to betting profitably on Formula 1 from Canada.

Some of these tips may seem like common sense, while some may seem a bit more complex. But regardless of your knowledge of Formula 1, after reading this article you’ll be equipped with the knowledge to place your first bet on an F1 race from Canada and if you apply what you learned here, who knows, maybe you’ll be a professional at F1 betting!

Now before we move on to our betting tips for F1 we have a word of advice for you, be patient. It can take time and to figure out patterns and strategies that work for you. If you bet a lot of money on your first few bets you might risk blowing through your betting budget in no time.

But before you read our F1 betting tips, feel free to learn about the basics of Formula 1 below. If you already know about F1 you skip straight to our F1 betting tips.

History of Formula 1

Formula 1 became a worldwide competition in 1950 after its humble beginnings in 1920s and the 1930s. It started gaining popularity in that era because of the increasing number of cars hitting the roads. People who loved going to and betting on horse racing and greyhound racing would now visit F1 circuits.

Throughout the 1960s and 1970s, rapid changes to the shape of cars, engines, and technology saw F1 explode in popularity. Turbocharged cars and aerodynamic designs underpinned a massive growth in the sport. Commercial interest exploded in the 1970s and 1980s, with TV coverage helping to push F1 to the forefront of the world’s sports media coverage.

The 90’s was an interesting decade for F1. Constructors were coming out with race cars with new technologies.aerodynamic tools and powerful engines, the driver’s skill wasn’t enough to win races, the constructor’s technological innovation would now play an increasingly important role in deciding races as well.

F1 Today

The sport is incredibly diverse, with drivers from all around the world competing for glory. Annual budgets for a top team can be as much as $250 million, making it a very money-rich sport. The top speed ever recorded in an F1 car (231.5mph) was set by Juan Pablo Montoya of McLaren-Mercedes in 2005, which gives you an idea of just how fast these incredible cars can be.

How F1 Works

Usually there are 21 Grand Prix races that are contested by 10 teams in Formula 1.  In 2021 there will be 23 Grand Prix races. Of the 10 teams, there are two cars that will race and be eligible for the Drivers’ and Constructors’ Championships. Drivers must qualify for races by entering into Free Practice sessions (x3) and Qualifying. The race is the big event, with drivers contesting for points that contribute to the overall championship standings.

A winner is awarded 25 points, while second place earns a driver 18 points. Third place collects 15 points, with further distribution of points awarded for those that do not finish on the podium. Drivers that fail to finish 10th or above are awarded no points. At the end of the season, the driver with the most points will win the FIA Formula One World Drivers Championship.

If you compare betting on F1 to betting on other sports, such as football and basketball, there are so many different scenarios that can happen in the former. As there are 20 cars on the grid, rather than two teams contesting a game, anything can happen. If New England Patriots are playing the Seattle Seahawks, the only things that can happen in this scenario is a win for either team or a tie.

F1 Betting Tips

F1 Betting tip 1: Understand the types of Bets in F1 Betting

Being in the know with regards to what things you can bet on F1 is vital. It helps you to decide and how to use which type of F1 bet in what situation to maximize your profits.

Winning Constructor

In this type of bet you bet on which constructor’s driver would win the bet. For example you would bet on Mercedez, Ferrari or McClaren.This market shifts throughout the year depending on how many races a constructor’s driver or drivers win throughout the year.

Drivers’ Championship Winner

As the name suggests, in this type of F1 bet you bet on which driver will win the championship.

This market alos shifts throughout the year as racers emerge atop the standings.

Race Winner

Here you’ll bet the driver that wins the race. New odds are offered before every single race and well as during with live betting options.

Fastest Lap

This market concentrates on the driver that during a single race will complete an individual lap in the quickest time.

Fastest Qualifier 

This is the most popular bet on the Qualifying session and can be a winner if you predict the driver that finishes the session in the fastest time. A very easy bet to understand.

Pole Position

A popular market, here you wager the driver that obtains the pole position during the qualifying portion of the Grand Prix.

Top 3

A safer betting option, this market covers drivers that will take a podium position at the end of the race.

Over/under betting in F1- The Winning Margin bet

If you have any experience in Over/Under betting, then this one will be fairly easy to understand. In order to win this type of Formula 1 bet, you must select if the winning margin between first and second place will be more or less than the time offered by a bookmaker.

For example, this might be advertised as over or under 5.5 seconds by a bookmaker . If you believe it will be more or less than 5.5 seconds, simply place your wager and you’re done!

Safety Car 

 This bet is very similar to the one above. Rather than betting an Over/Under, your bet will be a yes or no on the appearance of a safety car during the race. If you believe that a safety car will be on the track, you will bet “Yes.” If not, you will bet “No.”

Now we have covered the most popular bets, let’s move on to a few key things to consider when devising your betting strategy.

F1 Betting Tip 2: Find the Best Bookmakers in Canada for F1 Betting

Licensed bookmakers in Canada can only legally offer you parlay bets on F1 and other sports on their sportsbooks. This can be frustrating because it restricts your betting option to just 1 type of bet and reduces your F1 betting profits. 

But you can legally bet on F1 with online bookmakers based outside of Canada. We found the best bookmaker bonuses for Canadian sports enthusiasts from online bookmakers based in the EU  for F1 betting:

F1 Betting Tip 3: Bet on Multiple Drivers in the Same Race

Conventional wisdom would suggest that when you are betting on an F1 race you should bet on the driver you think will win the race or the championship for the year. But if you were to look at how professional F1 bettors place their bets you would be surprised to learn that they bet on more than 1 driver to win a race.

The reason why professional Formula 1 bettors bet on more than 1 driver to win is because bookmakers tend to offer high payouts on F1 drivers. So if your driver loses, you can still recuperate your losses if the other driver you bet on wins!

Let’s look at the odds being offered on bet365 for the winner of the Emilia Romagna Grand Prix

And now let’s look at how many drivers won how many races in the 2020 season:

Driver	Races Won	Percentage of races won
Lewis Hamilton	11	64.71%
Valtteri Bottas	2	11.76%
Max Verstappen	2	11.76%
Sergio Pérez	1	5.88%
Pierre Gasly	1	5.88%
Total Races	17

Now, lets say you have $100 to bet on who will win the race. You decide to bet $50 on Hamilton and $50 on Verstappen, If either of them win, you will make a profit of $10.

Driver	Odds	Wager	Win	Profit
Lewis Hamilton	2.25	$50.00	$112.50	$12.50
Max Verstappen	2.2	$50.00	$110.00	$10.00

Now consider this statistic. Hamilton and Verstappen won more than 76% of last year’s races. This means that using this F1 betting strategy there is a 76% chance that you will make a profit of at least 10% of your bet amount in the Emilia Romagna Grand Prix.

Driver	Races won	Percentage of races won
Lewis Hamilton	11	64.71%
Valtteri Bottas	2	11.76%
Max Verstappen	2	11.76%
Sergio Pérez	1	5.88%
Pierre Gasly	1	5.88%
Total Races	17	100.00%

This F1 betting system allows you to win because of the good odds which are above 2.0. You can read odds of 2.0 or more as odds that at least double your money.

Now, this strategy would not work if one of the drivers has odds of less than 2.0. Let’s see what happens to our model when Hamilton has odds of 1.9:

Driver	Odds	Wager	Win	Profit
Lewis Hamilton	1.9	$50.00	$95.00	-$5.00
Max Verstappen	2.2	$50.00	$110.00	$10.00

As you can, you would stand to lose $5 if Hamilton loses the race and Verstappen wins the race. Ok, that’s better than losing all your money in a standard bet but we just wanted to show you how the model works and how you can use statistics to make somewhat accurate predictions while placing your bets.

So keep this bonus tip in mind, when you are betting on more than 1 driver to win an F1 race, look for odds of at least 2.0 or more for each driver!

Historically, F1 1 driver tends to win most of the races during an Formula 1 season. For example, in the 2020 season Hamilton won,11 out of 27 races which is about 64% of the races, Bottas and Vetstappen won 2 races each. This means that the pair of them won 11.76% of races each and these three drivers won 88.24% of the races.

In the 2019 F1 season, Hamilton won 11 out of 21 races which means he won 52.38% of the races in 2019. Bottas won 4 or 19.05% of the races. The driver with the most wins that year was Verstappen with 3 races or 14.29% of all the races. This means that these 3 drivers won 85.72% of all races that season.

In 2018, Hamilton again won 11 out of 21 races or 52.38% and his closest competitor was Vettel who won 5 races or 23.81% of all the races. This means that in 2018 these 2 drivers alone won, over 76% of all the races.

Now, keep in mind that this using this strategy won’t get you the same profits as what you would get when betting on just 1 driver, but in the long run, it’s a safer option and by the end of the season these small wins will add up to a nice profit.

For example, Imagine you made a profit of  at least $10 over an F1 season with 21 races. This means that over a year, you made a profit of $210 or more.

Now, another word of advice with regards to this model. You don’t have to bet the same amount of money on each driver, you can decide to be more risky and bet more on the driver who has better odds.

For example you could bet 60% of your $100 on Hamilton because he has better odds and risk losing 12% of your budget but walk away with a 35% profit ($35 of $100) .

Driver	Odds	Wager	Win	Profit
Lewis Hamilton	2.25	$60.00	$135.00	$35.00
Max Verstappen	2.2	$40.00	$88.00	-$12.00

If you have a higher appetite for risk you can 70% on Hamilton who has higher odds and 30% on Verstappen who offers lower odds. 

If Hamilton wins, you make a profit of more than 57% of your budget and if Verstappen wins you lose 34% of your bet amount, which is still better than losing 100% of it if you just bet on either one and lost the bet.

Driver	Odds	Wager	Win	Profit
Lewis Hamilton	2.25	$70.00	$157.50	$57.50
Max Verstappen	2.2	$30.00	$66.00	-$34.00

F1 Betting Tip 4: Understand the Circuit History

Just like pitching pounds affect baseball games, and different types of courts affect the performance of tennis players, in Formula 1, the different racing circuits in F1 affect a driver’s performance.

You can see this in the historical performance of a particular driver in a particular circuit in F1. For example, one driver would have an outstanding performance in a circuit with a lot of hairpin turns which requires a lot of maneuvering but does that necessarily mean he would do well in a circuit that has a lot of high speed straightways?

The answer is no one knows. This is exactly why you need to check on historical performance of the driver or drivers you choose to bet in a particular race in a particular circuit.

Sure, if a driver is on a hot streak it might seem very reasonable to bet on him. But that being said, does it not make more sense to account for other variables just to be a little more confident with regards to your F1 predictions?

 Finding this information is as easy as researching race results from the past few years. You can take it a step further and look at race footage to see how they navigate certain situations, but that is all up to how much you want to research.

You can even break this down even further and see how they fared under certain weather conditions, under certain starting grid positions, and under any other conditions that may or may not be the same for upcoming races. The more homework you do, the better your chances are of finding an edge.

F1 Betting Tip 5 Research the Team Dynamics

Even though F1 is an individual sport it does involve teamwork. There are 10 constructors in the F1 and each constructor has 2 drivers. Yes, it’s true that each driver aims to win the title for himself but sometimes, they do cooperate with the other driver on their team and help each other out. Constructors also compete with each other to win the World Constructors’ Champions every year.

They do this in several ways such as passing along track information which is called “drafting”, or race setups, faster lanes etc.

Now how does this information fit in with F1 betting? The answer is simple, the stronger driver is usually the one receiving help from the weaker team mate.

The second reason is also the more important one. If a driver has a decent driver on his team he gets better drafting information which can dramatically improve his performance vs a very underwhelming team mate who usually finishes last.

This shouldn’t be a huge part of your betting strategy for F1, but it needs to be weighed in. We recommend using this when you’re close on a bet and not sure which direction to go. Use the strength of the driver’s teammate to push you over the edge one way or the other. With margins of victory so close in the sport, you’re probably going to have a lot of close situations where you need something to help you “break the tie.”

F1 Betting Tip 6 Check the Qualifying Time Before Placing A Bet

The fastest car in qualifying does not mean that it will be the fastest car on race day. Many variables can kick in on race day which could affect race conditions between qualifying and the actual race.

 Changes in temperature, precipitation or humidity can seem like minor variables but they have huge effects on F1 cars and F1 circuits which inturn can affect a driver’s performance on race day. 

If a team fails to adapt quickly and appropriately, even if it’s driver starts on pole position during qualifying, the same driver might fail to win or even end up finishing in the bottom top.

The reason you need to be aware of this with betting is so you don’t put all of your eggs in the qualifying basket. Many bettors have a tendency to want to bet the fastest qualifier and leave it at that. The problems with this are that, as we mentioned, conditions can change, and qualifying laps are run without traffic or anyone else in their way. This means we don’t know how well the cars will fare in dirty air. They may do just fine, but don’t automatically assume that because a car qualified fast, it’s going to keep that up on race day.

You should pay attention to the cars that get top grid spots on tracks where passing is tougher (like Monaco). These tracks will be very challenging for the drivers in the back to execute enough passes to get all the way to the front of the field. On some courses where passing is easier, this won’t play as big of a role, though the fewer cars they have to pass, the better.

F1 Betting Tip 7 Pay Attention to Practice Sessions

While betting on Free Practice sessions might not be the greatest idea, there is no doubt that they can help your bets on the race or Qualifying. Lap times are a good indicator of how a driver might fare on the track and if there are any corners or parts of the circuit that they are struggling on. Any problems with the car itself could come to light in these practice runs.

Free Practice can often give punters an indication of how a driver might do in Qualifying. Depending on the track, this could be integral to you winning bets. Pole position is important in racing, especially on particular tracks. For example, Monza, over the past decade, shows us that a driver in pole position, more often than not, wins the race. In practice, you can also look at things like tire choices and how the course might favor a faster car due to its layout.

F1 Schedule 2021

We have listed F1 Schedule below so that you can plan your F1 Betting Strategy in 2021:

Round	Grand Prix	Date
1	Bahrain Grand Prix	26 to 28 March 2021
2	Emilia Romagna Grand Prix	16 to 18 April 2021
3	Portuguese Grand Prix	30 April to 2 May 2021
4	Spanish Grand Prix	07 to 09 May 2021
5	Monaco Grand Prix	20 to 23 May 2021
6	Azerbaijan Grand Prix	04 to 06 June 2021
7	Canadian Grand Prix	11 to 13 June 2021
8	French Grand Prix	25 to 27 June 2021
9	Austrian Grand Prix	02 to 04 July 2021
10	British Grand Prix	16 to 18 July 2021
11	Hungarian Grand Prix	30 July to August 1 2021
12	Belgian Grand Prix	27 to 29 August 2021
13	Dutch Grand Prix	03 to 05 September 2021
14	Italian Grand Prix	10 to 21 September 2021
15	Russian Grand Prix	24 to 26 September 2021
16	Singapore Grand Prix	01 to 03 October 2021
17	Japanese Grand Prix	08 to 10 October 2021
18	United States Grand Prix	22 to 24 Octber 2021
19	Mexico City Grand Prix	29 to 31 October 2021
20	São Paulo Grand Prix	05 to 07 November 2021
21	Australian Grand Prix	19 to 21 November 2021
22	Saudi Arabian Grand Prix	03 to 05 December 2021
23	Abu Dhabi Grand Prix	10 to 12 December 2021

Conclusion 

In a sport sometimes decided by seconds, it’s important that you search for any information or conclusions that can give you an edge. The tips and strategies we’ve provided for you above should serve as a strong starting point, but should not be the end-all for making your F1 picks. Take the tips and strategies that we’ve given you and work to couple those with your own research. With some hard work and a sharp mind, you should be able to develop a winning betting strategy.

Remember, always be looking for value, and when you find a great spot, go for it. Being a professional F1 bettor is not easy; otherwise, everyone and their brothers would be doing it. That being said, it is beatable with the right skill set and work ethic. Take your time, mind your bankroll manners, and you should be well on your way to finding success with your Formula 1 bets