While there are several betting markets in Motor racing, punters usually focus on wagering on the winner of a race. It is perhaps because the “Race Winner” betting market tends to be more popular since most fans are usually only eager to see who wins the race.
However, other types of betting markets offer the best value for money, sometimes more than the “Race Winner” betting market.
We at Ohiocaferacers had an interview session with Tim Harrison, one of BetZillion’s betexperts. He gave us some insights into the types of wagering available in motor racing sports.
Types of Motorsport Bets
Motorsport is a growing sport that has also seen significant growth in the number of wagers per year. The sport is more competitive and attractive, so bookmakers now allow punters to wager on it.
However, while punters generally wager on the “Race Winner” betting market in the past, bookmakers now have a wide range of betting markets that punters can take advantage of:
- Matchup betting
- Podium finish
- Fastest lap
- Future or outright winning
- Pole position
However, to start with, here is an explanation of how the “Race Winner” bets work, in case you don’t know.
Race Winner Betting Market
With this market, you will wager who will win a particular race. It is quite simple since everyone watching a race looks forward to the winner. So when you wager on this betting market, you will win if the person you bet on wins the race. In contrast, if the racer you wager on finishes in another position other than first, you will lose your bets. This stake is very popular in
- Formula 1,
- NASCAR,
- and different types of races.
Matchup Betting Market
The first betting market you might not be familiar with is the matchup bets. With this betting market, a bookmaker will pick two racers, and punters will decide which one will finish ahead of the other in a race.
As a result, your only concern is about the two drivers and what their performance will be as compared to each other. One good thing about this type of betting option is that you are not concerned about the winner of the race. Also, it could be relatively easier to pick who will finish ahead of the other between the two drivers.
Usually, this type of bet is popular in the Daytona 500 events, as seen in the video below:
Furthermore, the two drivers don’t even need to finish the race. You will win your bets if you’ve wagered on the one that lasted longer in the race.
Podium Finish Bets
Another exciting type of wager is the podium finish bets. With this betting market, you will predict the top three racers to finish the race, i.e., those who finish in the first three positions. It could be a bit tricky, but it is all fun if you dare to go for it, as the odds are usually big, earning you better value for your money.
The good thing about the type of betting market is that it doesn’t matter who finishes first, second, or third. As long as the three racers you predicted to finish in the first three positions, you will win the bet.
Fastest Lap Betting Market
The fastest lap bets are equally rewarding and simple to wager on. With this betting market, you will bet on who will have the quickest lap in a race. It is that straightforward. However, it would help if you were good at race analysis to win this bet.
The market is so good that you are not worried about whether the driver you wager on wins the race or not. He could even crash out of the race, but you will win the bet if he has the fastest lap.
Future or Outright Winning Betting Market
This betting market is also popular in the auto racing sport as you will wager on what will happen in the future. Usually, the betting market is more common to determine who will be a season champion. For instance, Max Verstappen is on his way to winning his second Formula 1 World Championship following his victory at the Italian Grand Prix.
You must be patient to determine the outcome of this type of bet. Usually, it runs for an entire season, and you can sometimes only find out if you win the bet on the last day of the season.
However, the betting market is rewarding as you never know who will be the season champion.
Pole-Position Betting Market
To wager on this betting market, you will wager on the player to start first and have the fastest qualifying time. It is a bet that allows you to win some money before the race begins appropriately. It is because the pole position is usually decided before the race.
However, Betzillion’s betting experts believe that not every bookmaker offers this betting market. So you may need to make your research to sign up for an account with a wagering platform that provides the bet.
Conclusion
This guide is to open your eyes to some of the motor racing sports bets you might not know to exist. It is sometimes good to explore several betting markets, especially when you are only familiar with “Race Winner” bets. It gives you more insight into how to get the best value for your money. However, this is not to say you should stop wagering on “Race Winner” bets. If it is convenient for you, you can stick to it and still get a good chance.
