Known by a variety of names, such as Formula, Formula 1 or just F1, this is the highest level of single car seat auto racing which has been ratified by the FIA. The world famous FIA Formula 1 World Championship has emerged as the leading form of auto racing from when it was inaugurated in the year 1950.

The two most powerful biggest influences on all of your F1 betting at William Hill are the vehicle and the driver. Lesser factors affecting the betting odds include such factors as the predicted weather and track conditions.

For the uninitiated, it may be hard to understand the excitement associated with betting on F1. For one thing, the betting itself brings added sparkle to the events with lots of anticipation and excitement among all those involved. But it is the financial implications which lure many.

Formula 1 Structure

As the name would suggest, "the formula" refers to a designated set of auto rules which all the cars participating must conform to. The Formula One season is made up of several races or series referred to as Grand Prix which are conducted across the globe on FI Circuits which have been purpose-built and on some public roads.

Each race results are assessed utilizing a set system of points to establish 2 yearly World Championships. These are one set for constructors and the other for drivers. A point worth noting is that the Formula One is indeed a very profitable venture for the majority of parties involved. The TV channels broadcasting the events and the teams all get a slice of the pie.

1. Race-By-Race Betting on F1

Betting on F1 has always been a favourite among the sports punters. This is because of the excitement brought about by the class of drivers taking part. Some of these drivers take part in the entire season F1 circuit, with such notable names like Hamilton, Webber, Vettel, Alonso, and Button all taking part. You can simply bet on who wins the season.

2. Individual Grand Prix Winner

A popular Formula One betting option is to place all of your F1 betting at William Hill on the driver who wins a single Grand Prix. The reason being is that there are many factors that are in play on the day of the race, hence having won the Grand Prix just once, makes them a potential candidate to be victorious.

3. Podium Grand Prix Finish

Another very popular betting option is on the basis of race-by-race podium finish; which driver finishes among the top 3. With frequent crashes and a variety of technical malfunctions happening too often, some real upsets tend to occur.

4. Championship Winner

You could place all of your F1 betting at William Hill on the driver who will most probably be crowned the season's F1 Champion. The odds here change rapidly as each race takes place based on where the drivers finish and the number of points picked up at each race.

5. Constructors Points

You can bet on which car manufacturer or constructor scores the highest number of points during the whole season.

6. Drivers’ Championship

This bet is placed on which specific driver is going to finish in first position in the Drivers Championship at season end, based on accumulated points.

7. Head-To-Head Betting on F1

This allows you to place all of your F1 betting at William Hill purely on some selected head-to-head drivers performances; which driver is going to finish the particular race ahead of the other driver.

8. Constructors Championship

Another very viable option is by betting on the driver who wins the car Constructors Championship. In this betting category, points get won in accordance with how the cars finish in each race. The winning car manufacturer then gets declared the winner just like how the Drivers Championship is done.

For example, Red Bull Racing were the champions in 2010, credit to the exemplary performances displayed by Vettel and his teammate, Mark Webber of Australia.

9. F1 Futures Betting

An interesting option for those who wish to keep a close tab on F1 betting during the course of it's the 9 month long season as the F1 odds are constantly always changing.

Final Verdict

Certainly what makes Formula One so appealing to the punters is that it comes with an added benefit; you could walk away with some healthy extra cash as well as nice smug feeling in the knowledge that you have beaten the bookies. Of course, there is an element of risk with placing all of your F1 betting at William Hill because this is basically gambling. Therefore tread with caution.