If you are interested in Formula 1 betting in Arizona, this page will cover the best sportsbooks to start gambling with. We will also introduce you to some of the available betting markets and even provide you with an overview of how you will be able to make your first bets at your favorite sportsbook.
Getting started with Formula 1 betting in Arizona
The world of Formula 1 betting in Arizona can be mystifying to some. However, it essentially just boils down to choosing the right sportsbooks, understanding Formula 1, and making the right bets.
In order to choose the right bets, you need to be focused on the right F1 betting market for your knowledge and ensure that you carry out your research to ensure that you are always getting the best F1 betting odds. Of course, the more you gamble, the easier everything will become.
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Best Formula 1 betting in Arizona
We want to kick off this page by going through the best Arizona sports betting for F1. Since F1 is the most popular motorsport in the world, many sites offer it. However, you want to focus on the best ones here. These are places that we are more than happy to gamble at:
- WynnBet Sportsbook
- Bally Bet
- William Hill
- Caesars Sports
We recommend that you check out a few of them. Due to the way in which betting odds work, being signed up to multiple sportsbooks in Arizona is the only way that you can guarantee that you will always be enjoying the best betting odds available.
Understanding available F1 betting markets
The second part of getting started with Formula 1 and motorsports betting in Arizona is to understand the various betting markets available to you. In this section, we want to highlight the various betting markets that you can tap into. We also want to highlight whether these markets are going to be ideal for new or experienced gamblers.
Race or qualifying winner
These are going to be the bets that are most ideal for new gamblers. This is because it is a bit easier to predict who may win a race. If you want to bet on who takes the pole, i.e., who wins qualifying, then check out the ‘pole position’ bets. These will be separate from the race winner bets.
Podium and place bets
These bets are also going to be great for those that are new to the world of Formula 1 betting. In fact, we would say that it is easier to win one of these bets than it would be to bet on the winner. There is a lower risk associated with this type of bet. However, this also means that there will be lower returns if you win.
With podium bets, you will be betting on a driver to finish in one of the top 3 positions, i.e., they need to be standing on that podium at the end of the race.
Place bets are a little bit different. They are similar to podium bets. However, you will be betting on a slightly increased place range. Normally, this type of bet will apply to the points positions in a Formula One race e.g. first ten positions. However, some place bets may be a little bit less than this.
This is actually when we start to dive into the more complicated bets. But, again, this is because the fastest lap may not necessarily come from the best driver on the grid.
There are a lot of factors that are going to influence who drives the fastest lap around the track. Therefore, you will often have to dive into details of how a particular car performs on the track, as well as race history on that track for a diver.
Because these bets are slightly tougher for you to win, the odds are longer. Although, this does mean that you win a lot more if the bet does come through.
Head to head
We would say that head-to-head bets are also going to be ideal for intermediate gamblers.
With these bets, you are betting on who will finish higher up the grid out of a select group of drivers. This will normally be 2-4, although we have seen head-to-head bets that extend beyond this a little bit.
One of the reasons why these head-to-head bets are so tough to win is because they often focus on the drivers that are at the back of the grid, i.e., no hope of normally winning a race. This means that gamblers tend to have less knowledge about these drivers. So, unless you have carried out a lot of research, this may be a bet type that you want to skip.
Futures bets, as the name suggests, will focus on events that are going to happen in the future. So, anything that goes beyond a single race. You may be betting on who wins the driver or team championships, for instance. You may also be looking into who takes the most podiums over the course of the season.
These bets are for advanced, more patient gamblers.
If you are looking for the bets that have the longest odds (i.e., payout more) but are tough to win, then prop bets are probably going to be the best choice for you. Although, to be honest with you, many prop bets are a shot in the dark.
Prop bets are the bets that focus on everything but the final result of the race. For example, you may bet whether it will rain during the race. You may bet on the number of drivers that finish. You may bet on the number of times the safety car is called out, etc.
Tips for getting started with Formula 1 betting in Arizona
Let’s wrap up by giving you some cool F1 betting tips that you can use to greatly increase your chances of winning…or at least not being too disappointed when you lose.
Establish a bankroll
If you are planning on betting on F1, then we recommend that you establish a bankroll. While we would hope that you would never lose a bet, you have to plan to lose every bet that you make. Your bankroll is money that you can afford to lose. Think of it as a budget for gambling.
Do you know what separates the good gamblers from everybody else? It is research. The best gamblers will pour a huge amount of research into their bets. Once you have a solid understanding of the drivers and the teams in F1, you stand a much better chance of making sensible bets at the sports market.
Focus on specific bets
This ties into your research a little bit. We suggest that you only focus on specific bets. This way, you can focus your research a little bit more. For example, if you get a solid idea of how fast each driver deals with certain tracks or how vehicles perform on track types, then you can bet on the fastest lap regularly.
Bet on live F1 racing
If you want to add a touch of excitement into your gambling, or you are interested in hedging your bets, then live F1 racing may be the way to go. A lot of newbie gamblers get started this way. They will be sat in front of the television, and they gamble through their mobile app. It is a great way to bet strategically. The risk of losing is much lower as the race goes on too. Although remember, the odds are going to be a lot shorter as the race goes on.
We mostly use live F1 racing for hedge betting. For example, if it looks like our winner pick isn’t coming through, then we bet on the predicted winner to cut our losses a little.
FAQ’s About Formula 1 betting Arizona
The enhanced odds are special promotions where F1 betting odds get a big boost. This will normally happen in the hours leading up to a race.
Live F1 betting is not always going to deliver the best odds. However, it can be a great way to hedge your bets if it looks like one of your main bets isn’t going to come through.
We would recommend that new gamblers start with simple bets e.g. betting on who is going to win the race,
Yes. It means that you will always be able to enjoy access to the best betting odds when betting on Formula One.
If you are planning on winning regularly, then probably not. Parlay bets are notoriously tough to win because many variables can influence whether you win. They are good for a fun bet or two. Nothing more than that. No proper gambler will rely on parlay bets to deliver regular winnings.