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Formula 1 Cryptocurrency Gambling Guide

Formula 1 Bitcoin Sports BettingFormula 1 Crypto Betting Guide
Over the past few years, Formula One​ has become massively popular with sports bettors. There are two reasons for this. The first is that, as a racing sport, it’s easy to understand and bet on. The second is the amount of depth the sport has to it: high-level Formula One bettors pour hours a day into researching teams, their drivers and the hardware they use in order to gain an edge over the bookies.

As with any sport these days, if you can bet on it, the chances are you can bet on it with bitcoin too. The benefits of choosing bitcoin over fiat currency include quick withdrawals (often taking under an hour), user anonymity and better deals.

If you’re thinking of getting into Formula One bitcoin betting, then keep on reading: we’ve put together a comprehensive beginner’s guide to the sport.

Formula One Overview

Formula One, or F1 for short, is the top tier of single-seater auto racing. The word “formula” in the title refers to the set of rules and restrictions which all teams must abide by. They mostly relate to safety regulations and hardware limitations placed on the cars.

The annual Formula One World Championship is made up of a series of twenty-one races, known as Grands Prix, that take place across the globe. Each circuit has a distinct personality, both in terms of its layout and its location. The Monaco Grand Prix, for example, takes place in the Monte Carlo district of Monaco and is known for its narrowness and limited overtaking opportunities. The British Grand Prix, on the other hand, takes place at the rural Silverstone Circuit, and is known for being much more open, with drivers constantly overtaking each other. Below is a list of the Grands Prix in the 2018 Formula One World Championship:

ROUND

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
​21​
COUNTRY

Australian Grand Prix
Bahrain Grand Prix
Chinese Grand Prix
Azerbaijan Grand Prix
Spanish Grand Prix
Monaco Grand Prix
Canadian Grand Prix
Azerbaijan Grand Prix
Austrian Grand Prix
British Grand Prix
German Grand Prix
Hungarian Grand Prix
Belgian Grand Prix
Italian Grand Prix
Singapore Grand Prix
Russian Grand Prix
Japanese Grand Prix
United States Grand Prix
Mexican Grand Prix
Brazilian Grand Prix
​Abu Dhabi Grand Prix

CIRCUIT

Melbourne Grand Prix Circuit, Melbourne
Bahrain International Circuit, Sakhir
Shanghai International Circuit, Shanghai
Baku City Circuit, Baku
Circuit de Barcelona-Catalunya, Barcelona
Circuit de Monaco, Monte Carlo
Circuit Gilles Villeneuve, Montreal
Baku City Circuit, Baku
Red Bull Ring, Spielberg
Silverstone Circuit, Silverstone
Hockenheimring, Hockenheim
Hungaroring, Mogyarȯd
Circuit de Spa-Frencorchamps, Stavelot
Autodromo Nazionale Monza, Monza
Marine Bay Street Circuit, Singapore
Russian Grand Prix Sochi Autodrom, Sochi    
Suzuka International Racing Course, Suzuka    
Circuit of the Americas, Austin, Texas
Autódromo Hermanos Rodríguez, Mexico City
Autódromo José Carlos Pace, São Paulo
​Yas Marina Circuit, Abu Dhabi    

In terms of scoring, a Formula One season is structured like any other sports league. Each driver is given points based on their performance in each race. Points are awarded as follows: 25 for first, 18 for second, 15 for third, 12 for fourth, 10 for sixth, 6 for seventh, 4 for eight, 2 for ninth and 1 for tenth. The driver with the most points by the end of the season is awarded the title of Formula One World Drivers’ Champion, currently held by Lewis Hamilton. If two drivers are tied on points, the driver with the most wins is given the title.
​
Points are also awarded separately for constructors after each race, with a separate championship, the Formula One World Constructors’ Championship, running concurrently with the Drivers’ Championship. If a driver wins the Driver’s Championship, their constructor wins the Constructors’ Championship. Mercedes currently holds the Constructors’ Champion title. Below is the list of the teams, constructors and drivers that competed in the 2018 Formula One World Championship:
TEAM 

Scuderia Ferrari

Sahara Force India F1 Team
​
Haas F1 Team

McLaren F1 Team
​
Mercedes AMG Petronas Motorsport


Aston Martin Red Bull Racing

Renault Sport Formula One Team

Alto Romeo Sauber F1 Team

Red Bull Toro Rosso Honda
​
​Williams Martini Racing
CONSTRUCTOR

Ferrari

Force India-Mercedes

Haas-Ferrari

McLaren-Renault    

Mercedes

Red Bull Racing-TAG Heuer

Renault

Sauber-Ferrari

Scuderia Toro Rosso-Honda
​
​Williams-Mercedes
DRIVERS

Sebastian Vettel (Germany)
Kimi Räikköneni (Finland)
Sergio Pérez (Mexico)
Esteban Ocon (France)
Romain Grosjean (France)
Kevin Magnussen (Denmark)
Stoffel Vandoorne (Belgium)
Fernando Alonso (Spain)
Lewis Hamilton (UK)
Valtteri Bottas (Finland)
Daniel Ricciardo (Australia)
Max Verstappen (Netherlands)
Nico Hülkenberg (Germany)
Carlos Sainz Jr. (Spain)
Marcus Ericsson (Sweden)
Charles Leclerc (Monaco)
Pierre Gasly (France)
Brendon Hartley (NZ)
Lance Stroll (Canada)
​Sergey Sirolkin (Russia)
F1 Crypto Betting Options
​

There are many different ways of betting on Formula One at crypto bookies. You can bet on the results of an individual race, the results of the season, or more lighthearted things such as whether or not the safety car will appear. Below is a list of the most popular bets:

  • Drivers’ Champion – a bet on who will win the Driver’s Championship.
  • Constructors’ Champion – a bet on who will win the Constructors’ Championship
  • Race Winner – a bet on which river will
  • Podium Finish – a bet that a driver will finish a given race in a podium position (i.e. in the top three)
  • Any Race Podium Finish – a bet that a driver will finish in a podium position in any race that season
  • Driver vs Driver – a bet on who which driver will finish the season in a higher position out of two given drivers
  • Pole Position – a bet on which driver will qualify with the fastest time and therefore start in pole position (the frontmost position in the starting grid)
  • Fastest Lap – a bet on who have the fastest lap time during the race (excluding qualifying)
  • Safety Car – a bet on whether or not the safety car (which warns the drivers that there is a hazard on the course) will appear in a given race

If you want to make serious money from betting bitcoin on Formula One, then there’s an array of online resources you can use to learn about the various factors that affects a team’s prospects. If that sounds like to much of a bore for you, then don’t worry: betting on Formula One is a ton of fun even if you’re not an expert, so long as you gamble responsibly. Good luck!
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