A Complete Guide to Motorsport Betting

If you want a more challenging and exciting gaming experience, motorsports betting might be the perfect option to give you the rush you desire. The world of motorsports is full of crazy sports races and wild drivers, so you can expect a thrilling gambling experience. 

Most top gambling sites will provide a vast range of motorsports betting options. Do you love the state-of-the-art racing arena of Formula 1 or the challenges that dirt bikes or rally cars present? If your answer is yes, motorsport betting offers great winning potential. 

You’ll find this guide helpful if you’re new to sports betting online or looking for more exciting betting markets. Here, we’ll explore everything you need to know about Motorsport betting.

Some Quick Facts about Motorsport Betting 

Before we dive into the world of motorsport betting, let’s run you through some quick facts you need to know about the sport. This will give you a better level of understanding. 

  • Motorsports provide you with access to a wide range of betting markets across a variety of motorsport events.
  • Formula 1 is the top-leading event in motorsport betting.
  • Motorsport is excellent for live betting.
  • Sportsbooks offer some of the most competitive odds.
  • The world of motorsport betting is rapidly changing, so you’ll find new markets popping up now and then. 

Motorsports Betting Main Rules

Whether you’re a novice or a pro gambler, there are some things you need to understand before you start betting on motorsport events with Sportsbet.io. First, you need to understand the rules. It’s essential that you keep in mind that each motorsport has a unique set of rules. Also, different racetracks have their own regulations.

Additionally, there are some safety rules you need to understand as well. For instance, if a car wants to overtake another racer, there must be a racing space between them before it can happen.

Below are some main motorsport rules you should keep in mind before getting started.

Since Formula E uses electric cars, changing cars during the primary race, qualifying round, or scrutineering is not allowed. But each team can charge the cars during practices and sessions.

For every event, racers cannot use more than four front and four rear tires.

Also, all competitors, officials, and drivers that want to participate in any motorsport event must hold a valid license. For example, if you want to compete in the Formula One Championship, you must first obtain an FIA super license.

Any race that uses any illegal driving tactics or makes unnecessary contact during the race will be fined. More often than not, the racer won’t be allowed to participate in that event until the fine is paid.

To qualify for any motorsports discipline, you need to be at least 18 years old and have a maximum age of 50. However, some lower sports divisions like Moto2 and Moto3 may accept racers with a minimum age of 16.

Now that we have introduced you to some of the game’s rules, we can discuss how betting on motorsports works. First, we’ll start with the competitions you can access when betting on motorsport games.

Types of Motorsport Competition

Like other sports online, motorsports features competitions where you can place your bets. Remember that each competition has its own rules and regulations. So, before betting on motorsport, make sure you understand the rules of your preferred option. The major motorsport competitions are listed below.

Formula 1 or F1 

This is a global motorsport competition, and it’s regulated by the International Automobile Federation (FIA). You need to own this license before participating in the competition, whether as an official or driver.

The aim of the game is to have an outright winner in the race. That means you need a racer who gets to the finish line first. The origin of sports dates back to Europe in the 1920s and 30s.

MotoGP

This is another top motorsport racing competition regulated by the Federation Internationale de Motocyclisme (FMI). It’s also known as the Grand Prix and has been around for some time. Many events have been hosted during the 20th century, with the Grand Prix considered the biggest.

The sport was initially called 500cc before being renamed MotoGP in 2002. The MotoGP Championship is divided into MotoGP, Moto2, Moto3, and MotoE.

NASCAR

This is another popular motorsport competition you can bet on as a gambler, and it’s available on the most reliable sports betting sites. The competition was introduced by Bill France Sr., and it’s an acronym for the National Association for Stock Car Auto Racing.

NASCAR hosts more than 1500 races on over 100 race tracks every year in 46 states across Europe, Canada, Mexico, and the United States. NASCAR’s major motorsport series include the Regional, International, and National Racing Series. And they are subdivided into the Xfinity Series, the Whelen Modified Tour, and the Pinty’s Series.

Getting Started with Motorsport Betting with Sportsbet.io 

Like other betting processes online, getting started with Motorsport betting with Sportsbet.io is easy. Follow the guides below to start betting on your favorite motorsports. 

Create an Account 

Before you can start betting on motorsports with us, you must join our sports betting site. To do that, click the “Register” button to begin the signup process. During this process, you are required to supply details such as your name, email address, country code, phone number, username, password, and date of birth. 

Make a Deposit

Unlike casino games you can try out for free, you can only place bets on motorsport or any sports event when you have funds in your account. So once your account is active, the next step is to fund it. Interestingly, this step is straightforward. Find your way to our cashier section to make a deposit request. 

You can fund your account via secure banking options. Though the site focuses mainly on cryptocurrencies, you can also deposit through PayPal or Bank Transfer. We recommend using cryptocurrencies like Bitcoin, Litecoin, Bitcoin Cash, Tether, and Ethereum. 

Make Your Selection 

Now that your account is active and your money is in it, the fun part begins. You can start making your betting selection. For instance, if you want to bet on Formula 1, click on the option from the available market and make your selection.

You’ll see your bet selection on the right-hand side of the page. Input the amount you want to wager and hit the Place Bet button to complete the process. Interestingly, you can follow your bet slip to know whether you win.

Motorsport Live Betting

Live Betting is an essential component of any betting site, and the site is pleased to provide access to in-play betting on all sporting events, including motorsports. This means you can place wagers on races that have already started. When you bet on your favorite motorsport after it has already started, you’ll get a better analysis of the game, which will help you make an informed decision.

Types of Motosport Bet

Motosport betting is similar to other kinds of betting online. Types of motorsport bets you can wager on include: 

  • Moneyline
  • Spread betting
  • Race Driver Championship
  • Race winner
  • Winning margin
  • Fastest qualifier
  • Podium finish
  • Top 6 Finish

You should know that motorsports betting requires in-depth knowledge of the sport before you start playing. As mentioned earlier, no two racetracks are the same. So you need to pay attention to the drought and weather before you place your bet.

One of the biggest problems with betting on motorsport is the possibility of a mechanical failure. The favorite to win a race can crash or experience mechanical failure on the final lap of the race, which will affect the outcome. Below is a brief explanation of these bet types.

Moneyline Bet

This is one of the most straightforward bet types you can encounter in the game. Here, you have to bet on a particular driver to win. If the driver you select wins, they will pay you the appropriate amount. If you’re using an American Odds format, drivers listed with negative numbers are the favorites, making them likely to win.

Spread Betting

This is another essential bet that you can place in motorsport. Winning in this type of bet depends on the accuracy of your wager. Spread betting has two prices: the selling and buying prices.

If you’re sure the race result will exceed the spread, you’ll buy the spread. But if you think otherwise, you sell. Your loss or profit is determined by the result and by your sell or buy level multiplied by your bet amount.

Race Driver Championship

In this bet type, you’ll be betting on which driver or team will top the leaderboard at the end of the season. This is a long-term bet, so ensure you conduct your research well before you place your stake.

Motosport Betting Bonus

You can claim several bonuses to enjoy more motorsport wagering on Sportsbet.io gambling platform. These bonuses boost your sports betting balance, so you can bet on more motorsport events. Some of these bonuses include the following:

  • Sign-up bonuses for new players
  • Loyalty bonuses
  • Reload bonuses
  • Odds boost

Tips and Strategies

As mentioned, you require good sports knowledge before starting to wager with real money. Follow the tips below to increase your odds of winning.

Get familiar with the statistics

This is one of the most important tips you shouldn’t overlook. You should pay attention to the statistics of the particular racer you want to bet on. Does the racer do better on one specific circuit? You should also get to know if the circuit allows overtaking. Or is it a high-speed or low-speed track? You should get to know all these before you place your bet.

For instance, on the F1 calendar, Monza is known as the “temple of speed.” So on this particular race track, it’ll be advisable to bet on a racer using a car with a lot of straight-line speed.

Check the weather condition

Weather can negatively impact the outcome of a race. So you need to be aware of the weather conditions that favor a particular racer. For instance, Lewis Hamilton, riding for the Mercedes team, is regarded as the wet weather master. However, keep in mind that the weather can change, so stay updated with the forecast and race commentary.

Read Pre-Race Review

Another tip that will help you increase your chances of winning is to read pre-race reviews to gain insights into the game. Here, you’ll know what experts say about the team and drivers on race weekends. These people have a vast knowledge of the sport and will discuss it at length and even make predictions on the likely winner. So you can leverage their knowledge to improve your odds of winning and earning money.

Why should you wager on Motorsport like Formula 1?

Motorsport is becoming increasingly popular among gamblers around the world. Therefore, several sportsbook sites include motorsports as part of their offering. However, you must be sure of the betting sites you choose. At Sportsbet.io, they provide you access to a wide range of motorsport events you can bet on. 

Additionally, the site is licensed by the government of Curacao, so you can be sure of a safe betting environment. Again, they provide access to secure payment options that you can use to deposit and withdraw your winnings. 

How to Bet Responsibly

Before we wrap up our motorsport guide, we would like to give some advice that might be helpful while gambling. When you wager on motorsports or other sports events, it’s crucial that you keep responsible gaming in mind. You need to set a betting budget and stick to it.

Besides, it implies that you should only wager with money you can afford to lose. Wagering on sports is about losing and winning; winning is more about luck, so there’s a possibility that you’ll lose your bet. Avoid chasing your losses, as this can lead to financial problems. Follow these tips, and you’ll enjoy an outstanding betting experience.