The Formula 1 circuit is in Monaco for the eighth race of the season with the F1 Monaco GP. McLaren’s run at the top of the Formula 1 hierarchy took a week off with Max Verstappen and Red Bull claiming victory at Emilia-Romagna. In this race, the McLaren drivers are the favorites to win once again. Here, we have analyzed the field and are prepared to make our best bet for what should be a fascinating race in this week’s Formula 1 best bets.
Formula 1 Best Bets For the Monaco GP
Monaco GP Best Bet: Oscar Piastri to Win (+187)
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Formula 1 has exploded in popularity over the last couple of years, with the fast-paced action and a captivating Netflix series combining to boost interest in the sport. That popularity has included an increased interest in F1 betting, which is available at major sportsbooks around the country. Before each race during the F1 season, you will find our best Formula 1 bets this week for the events that span the globe in this racing circuit.
Our experts in F1 betting have years of experience wagering on this circuit, meaning that they have a time-tested approach to betting on each race. From an in-depth knowledge of each track’s history to the use of advanced analytics, bettors can rest assured that our Formula 1 picks are backed by data and can be relied on to maximize profitability throughout the season.
Types of F1 Best Bets
There are many betting markets to choose from ahead of each race during the Formula 1 season. Below are the main types of bets that we evaluate before giving you our Formula 1 best bets this week and each week from throughout the year.
Race Winner
The most common of our F1 best bets are race winner bets, where the goal is to simply predict which driver will come out on top of each race. Depending on who you wager on, these bets can come at much longer odds than markets such as Top 5 or Top 10 bets. But there are some notable exceptions to that rule, as the favorites to win some of these races can come in at incredibly short odds.
Derivative Markets
Along with betting on drivers to win each race, you may see us wager on certain drivers to finish in the Top 5 or Top 10 in each event. We may also bet on drivers to finish on the podium, which is the Top 3. These bets are very situation-specific, as some drivers are better on certain tracks even if they may not finish in first place in that event.
Team Betting
There are also bets that can be made on teams rather than on individual drivers ahead of each Formula 1 race. Bettors can wager on which team will produce the winner of each race or which driver will have the best performance if you remove the drivers from specific teams. These types of bets require some creativity, as there is no shortage of ways bettors can get involved with teams along with singular drivers.
Formula 1 Betting Strategies
As is the case with betting on any sport, you have to have a strategy when betting on Formula 1. Here at ATS, we have several strategies that we incorporate into the formulation of our best Formula 1 bets each week. Some of those key pieces of strategy can be found below, which can help make you a better bettor in this racing circuit.
Handling Clear Favorites
Many weeks there is a clear favorite in a Formula 1 race. Some may gravitate toward those favorites, while others may want to avoid them. But the best way to handle favorites is to simply handicap their chances of winning and compare those chances to their odds. If you think that driver has a better chance to win than their odds, you bet them, or you avoid them if they do not meet that criteria.
Track History Matters
In Formula 1, each track is so different in of shape and the types of driving that needs to be done to succeed. Bettors have to keep those differences in mind when placing bets on Formula 1 races, as different drivers may have different strengths and weaknesses that can make them a better bet one week over another.
Race Teams Also Matter
It is also important to that Formula 1 racing is a team sport at the end of the day. While each individual driver is trying to win for themselves, there is a team component to this sport that could impact strategies as well. Some teams are also just stronger than others, giving their drivers better chances to win than those on the weaker teams.
More Than F1 Best Bets
Along with our weekly Formula 1 best bets, our team at ATS also handicaps the rest of the world of sports for your betting needs. Below you will find links to everything from picks for other racing circuits to best bets in popular sports like football and basketball, giving you action almost every day of the year from our experts.
