Betting on motorsport – what you need to know to get started
Whether it’s Formula 1, Formula E or MotoGP, motorsport is an exciting and thrilling spectacle that attracts millions of fans from all over the world. What’s more, it’s even more exciting when you’ve bet some money on the outcome – and with the right strategy in place, it could also be extremely profitable. If you’re thinking of betting on motorsport for the first time, here’s everything you need to know to get started…
1. Register with an online bookmaker
Although some people still like to bet at their local betting shop, most people now bet on the internet. To get started, you’ll firstly need to register with an online bookmaker or betting exchange. There are many to choose from, with Ladbrokes, Bet655, Paddy Power and Betfair being some of the most popular. It’s well worth looking out for special offers that are often available to new users.
2. Get to know the key betting terminology
If you’re new to betting on motorsport, you might be somewhat unfamiliar with some of the specific phrases and terminologies that are used by bookmakers. Before placing a bet, it’s well worth looking at this handy guide that has been put together by BookmakersOnline.co.uk.
3. Place your bet
Once you have registered, you’ll be able to start betting on motorsport almost immediately. Simply deposit some money into your account, decide on the bet you want to place and then make your selections. There are many different bets to consider – for example, in Formula 1 you can bet on the winner of each individual race, fastest lap, podium placement, pole position, winner of the overall Drivers’ Championship, etc. Whether you’re betting on Formula 1, Formula E, MotoGP or any other kind of motorsport, the aim of the game is obviously to win your bet and make as much money as possible. Before making your bet, it’s always worth doing some research and finding the best odds for the bet you intend to place. You’d be surprised by how much they can vary! Above all, remember to have fun and never bet more than you can afford to lose. As long as you stick by that rule, betting on motorsport is an exhilarating activity that can provide hours and hours of fun.