An international 20-event gambit that runs from March to October covering five continents, a huge fanatical audience allied to live television coverage should make F1 a winning formula from a betting perspective.
In reality the sport has never managed to graduate into a main stream betting medium. There was a genuine attempt in the early 90s to inject some betting enthusiasm into the sport when a number of firms decided to offer a variety of markets that included forecasts, group betting, match betting and the fastest lap time recorded.
Up until then the fixed odds markets had been restricted to each way race day betting and the uninspiring ante-post markets on the Driver's and Constructor's titles.
Despite a variety of markets now on offer and the advent of betting in running, F1 in betting terms looks set to remain firmly on the periphery. This is due to its politics, team orders, disqualifications and internal claims of general skulduggery.
With the new Grand Prix season now underway would-be backers should be aware of a few problems which could arise when placing wagers in the numerous markets available.
A disputed matter that has arisen previously has been what exactly signifies... more
From BBC Sport
Nominating a driver to win the F1 Championship and the same team to top the Constructors' table are two elements which are clearly related as the driver's chances of winning the title would be greatly enhanced by his team also being successful in their event. In most cases this would not be a valid proposition and would be settled as split-stake singles, unless the company were offering a pre-determined price for this eventuality.