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 2020 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 19 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.