I am normally not a handicapper or bettor of Formula One racing, and therefore there are likely much better sources to speak to Formula One wagering. However, the manner in which the odds are posted it is the same format as NASCAR, at least in the United States.
There are many great sources to assist with handicapping and wagering on NASCAR. The absolute first step is to start by following the racing events over the course of a weekend.
The NASCAR series is loaded with stars of which any number of drivers could be considered championship contenders early in the 2019 season. Of course just because a driver is showing promise and could end up being a title contender does not mean they are a justifiable wager at their listed odds.
This is a very subjective question with parameters that should not be ignored. If wagering on a driver who is listed at relatively low odds (approx.
In the United States it is legal to wager on NASCAR in as many as ten states currently. As mentioned, this is a number that appears to be rapidly growing, and while nobody can say for sure, by the start of the 2020 NASCAR season there could be in the neighborhood of twenty five states that have legal sports wagering.
For most NASCAR bettors, wagering on head to head driver matchups is probably the best approach to being profitable when betting on the sport. There are many factors that should be considered when wagering on head to head matchups.
Many international and some domestic sportsbooks offer wagering options whereas the goal is to bet on a driver who you believe will finish in the top 3 or the top 5 of a race. These are variances of betting on a driver to win, but with a significantly reduced payout.
There are many strategies for wagering on the vast array of race propositions. One example is the over/under on number of laps led during a race by any single driver.
Proposition bets in NASCAR are similar to proposition bets in almost any other sport. A proposition bet typically allows the handicapper to make a wager that is independent of betting on a driver or potential race winner.
Futures bets in NASCAR are basically the same as they are in most other sports. Future wagers are simply a term for making a bet that will not settle until the end of an event or the end of the season.