Formula 1 is betting is considered as a flag ship of motor sports betting. It is the most popular type to bet on among motor sports. It is also the most widely watched motor sports organization that reaches the greatest number of viewers in the world. A lot of countries want to get into the racing calendar to get a share of the pie by building Formula 1 tracks. The countries that succeed in doing that are Turkey, Malesia, China and Bahrain.
In 2000s, Michael Schumacher, a Ferrari driver, has shown greater success in Formula 1. In 2001, Michael Scumacher beat the record of having the greatest number of Grand Prix championships that was held by Alain Prost till then. In 2002, Michael Schumacher went down on history as the racer that announced his championship in the shortest period of time. He deserved it by winning the Grand Prix in France held in July.
Micheal Schumacher did not stand idle in 2003 and he showed success to be the driver, who got most championships by getting 6 of them. Obviosly, it wasn't a lot of fun to lay bets on Formula 1 racing at that time. Ferrari had the superiority unless there is a mechanical problem. There was not much surprise. That wasn't making betting fans happy, as the most important characteristic of motor sports is sudden surprises.
2005 Formula 1 season though, was an ideal season for Formula 1 betting fans. A lot of surprises were experienced. Betting rates increased and punters that made the right predictions made a lot more profit. The biggest surprise of 2005 season was of course, the unbelievable decline of Ferrari team. Betting fans, which were able to predict that made a lot of money. In 2005 season, a big competition between Renault and McLaren teams was experienced.
Fernando Alonso and Kimi Raikkonen competed for driver championships untill the last race. The winner at the end was Renault team with Fernando Alonso. As Formula 1 is broadcasted live in numerous countries, betting sites offer live betting options for every single race. Therefore, you get a chance to lay bets on a race from its starting moment to its final. There are many factors to determine the winner in Formula 1 racing. These are: human factor (driver); mechanical factors (vehicle); team factors (pit stop and team orders); climate factors and condition of track. A surprise may happen any time due to these factors. Hence, Formula 1 betting is both fun and profitable for good predictors.
