If you are new to motorsports betting, you might find yourself overwhelmed with all the betting options on offer. Don’t worry, rules of motorsports betting are pretty straightforward, just like sports betting rules in general. In this article, we will give you the basic guidelines on how to bet on motorsports. We focus on online betting, but similar rules apply in land-based sports betting facilities.
First of all, you need to find a bookmaker that offers motorsports betting. We recommend choosing one of the biggest and well-known bookmakers since you can be sure that they operate legally. Moreover, they have a wider choice of betting markets than smaller companies. Ladbrokes, William Hill, 888Sport, Betway, and Betfair are some of the biggest online bookmakers operating in the UK. Check out our article on the best online bookmakers for motorsports for a more detailed overview of their offer.
Secondly, check the list of betting markets for motorsports. Every bookmaker offers different betting options and odds, and it is important to take this into consideration when choosing the one for you. Click on motorsports from the list of sports on offer and take a look at the list of events and options you can bet on. While you are at it, take note of the odds because some bookmakers offer better odds than others.
Odds are usually expressed in decimal numbers and they designate how much you will get in return for your bet if you win. To get this number simply multiply the odds by the amount you want to wager. It is easy to see that the smaller the number is, less money you will get in return, meaning that the chance of this particular event happening is judged by the bookmaker to be more probable than for event with higher odds.
Thirdly, you will have to register at your chosen bookmaker’s website and deposit the amount of cash you want to use for betting. This procedure is usually quick, simple and intuitive.
Now you can finally place your bet. Placing bets is very easy, as you can simply tick the options from the list that you want to bet on, type in the amount you want to wager for each of them and click “place your bet” button, thus completing your betting slip. The most common type of bet in motorsports is for a driver to win the race, but there is also a huge variety of other fun options to explore.
If the event you are betting on happens, you win your bet multiplied by the odds. If the event doesn’t happen, you lose money. It’s that simple.
However, in order to bet properly, you should have an in-depth knowledge of the sport in question. For example, if you want to bet on Formula 1, you should study statistics for driver, car and team performance over time, under various weather conditions and on different tracks. You can learn more about betting strategies for Formula 1 in our article dedicated to the topic.