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Contributing Soccer and US Sport Editor
Contributing Soccer and US Sport Editor
Despite being a popular sport, searching for the Best Betting Odds for F1 can be quite a difficult affair. The challenge is mostly with finding the Formula 1 Betting Odds for India. However, if you are determined, you can also go for an F1 Odds Comparison site and check out the different Bookmaker Odds for F1. Analyzing the Best Bookmaker Formula 1 Odds will not only make you realize how F1 odds work but also help you narrow down the list of the Best Bookmaker Formula 1 Odds. It is a great way to start your journey into F1 Betting.
When you are entering the world of betting, you might wonder what need could there be to engage in research. You might be satisfied with the odds presented by your bookie. However, you might find out that on the same match, your friend won a better profit than you did. Odds are mathematically just implied probability of an outcome, but bookmakers place their own profit margins to it. That means different bookmakers have different odds for you.
Here are one of the reasons why you need to compare odds:
As different bookmakers will have different margins, based on the odds comparison, you will know which bookmaker has the lowest profit margin. If you opt for that bookmaker, then you can take in more profits than a bookmaker with moderate or high profit margin.
When you analyze different bookmakers and the odds that they present, you will soon understand how odds analysis works. After learning about odds, you can try to strategize and strengthen your overall betting game. It will also help you in the long term.
When you are entering the world of betting, odds are essentially the most important item on the basis of which you can make your bets. So, when you shop for proper betting operators, you start learning more about odds, how odds are calculated and in the end, gain a lot of knowledge about the world of betting and odds as a whole. The more you research on odds and its use in betting, the more experience you gain.
More and more punters are moving into the online betting market because they are finding a lot of value and benefits in the online betting markets. Some of the benefits of online betting are:
While there are many advantages of online betting and dealing with online odds, we cannot completely deny the presence of a few advantages of offline betting either. Some of the advantages of offline betting are:
If you want to plan your strategy on betting, you should learn how to read the betting odds presented by the bookmaker. These are the three ways in which betting odds of F1 are presented:
This kind of odds presentation is most common in the UK. The odds are presented as a fraction with a slash or hyphen between the numbers, like 8/1. The numerator shows the profit, excluding the stake, and the denominator shows the stake. So, a stake of Rs.1 has yielded a profit of Rs. 8, as per the above example. You can find the total returns in this way:
Total Return = [Stake x (Numerator/Denominator)] + Stake
Used mostly in Continental Europe, Decimal odds is much less complicated than fractional odds. It shows the odds in the form of decimals, the profit, including the stake. It is presented against Rs. 1.
Total Return = Stake x Decimal Odd Number
In a F1 race between, Hamilton vs Verstappen, if winning of Hamilton odds are at 4.0 and you stake Rs. 100, Hamilton winnings will get you Rs. 400 as a win.
These are the kinds of odds which are used in the USA. It is a bit complicated. Generally, the odds show the underdogs and the favourites by adding a plus sign before the favourites and the minus sign before the underdogs. If the favourites win by upsetting the underdog value, you get a major win, while if you underdog wins, you get a moderate win. For example:
If you bet Rs.100 on Vettel and they offset the underdogs, you get Rs. 585. If Kubica wins and you bet on them, you need to bet Rs. 660 to win Rs. 100 and get a total of Rs. 760.
Before you begin calculating the different odds presented in the various betting markets of F1, it is important to look at the different betting types for F1. The different types presented for F1 are:
There are several different betting markets which can be explored by the punters interested in putting their bets on F1 matches. Here are some of popular betting odds in F1:
If you are going for F1 betting, it will not be easy unless you opt for an F1 Odds Comparison site and find out the Best Betting Odds for F1. While it is quite rare in India to find the Formula 1 Betting Odds for India, however, many bookmakers have extended services to the Indian subcontinent. You might explore the Bookmaker Odds for F1, but along with them you need to gain a bit of knowledge about how F1 betting odds work and the different betting types. It will help you opt for the Best Bookmaker Formula 1 Odds.