With Formula 1 betting in Arizona now 100% legal, a lot of people are starting to get interested in F1 betting. On this page, we are going to cover the basics of sports betting. This includes mentioning the best sportsbooks in the state, as well as giving you a brief overview of the bets that you have available to you.
How to get started with Formula 1 betting in Arizona
In order to get started with F1 race betting, there are a few things you need to know. The first is how to choose the best sportsbook for Formula 1 betting in Arizona. Once you have selected that, it is all about choosing the right bets for you. It is also important that you understand betting odds. Formula 1 betting is not something that you should be taking lightly. If you plan on making money with F1 betting, then you need to be doing a lot of research. The best gamblers are those that understand what they are doing.
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best Formula 1 betting in Arizona
As we just said, if you want to get started with Formula 1 betting in Arizona, you need to have somewhere to gamble. While F1 betting in AZ is new, there will be no shortage of places offering motorsports odds in AZ. In the next section, we will provide guidance on how to choose a sportsbook. However, this list will be some of the best places we gamble:
We recommend that you check out all of these sites. This is because each of them brings something slightly different to the table. For example, Fanduel Arizona is known for enhanced odds promotions. William Hill is known for having some of the best prop bets. Draftkings is for those that want great odds.
What makes a F1 sportsbook a good F1 sportsbook?
If you looked at the list of sportsbooks in the previous section, you are probably not going to need all that much advice here. Any one of the sites listed is going to be a great way for you to start to dive into F1 betting. However, we still thought it would be wise to give you an overview of some of the things that we consider when searching for the best sportsbooks in Arizona.
The reputation of the sportsbook
When F1 betting in Arizona became legal, a lot of sites started to flood the market. Some of these are just looking to capitalize on a new market. As you can probably imagine, this has resulted in a few less-than-brilliant sportsbooks appearing. Therefore, one of your main focuses should be reviews from sites like ours and other gamblers.
Available betting odds
First things first, we want to point out that no sportsbook is guaranteed to have the best betting odds. This is due to the way in which betting odds are calculated. This is why we would always recommend that you sign up for multiple sportsbooks when diving into F1 betting.
Of course, you will always want to be choosing the sportsbook that offers the best odds for your selected F1 betting market.
Available betting markets
Formula One betting is going to be the overall betting market. However, there will also be multiple betting markets available for the bet e.g. winner bets, podium bets, future bets, etc. We are going to focus on available betting markets later on.
With a good betting site, the chances are that you will never need to get in touch with customer support. We don’t know about you, though. Even if we never plan on talking to the customer support team, it is nice to know that they are there if we need them. This is why, when we are looking at betting sites in AZ, we look for sites with easy-to-contact customer support teams. Live chat is almost a must for us.
Deposit and withdrawal methods
This one is simple. You need to know that your selected sportsbook will allow you to get money in and out of your account using the various payment methods that you have at your disposal.
Mobile betting is important for those that want to gamble using their phone or tablet. A good sportsbook for F1 betting will have a mobile app or a decent mobile set available.
You should never choose a sportsbook based on bonuses alone. However, they are a nice well…bonus. For example, good bonuses for F1 betting include enhanced bets, free bets, risk-free bets, etc.
Betting markets for Formula 1 betting in Arizona
Once you have signed up for a sportsbook, you need to know the bets that you want to make. In this section, we are going to look at the whole F1 betting market world. We want to break down the available markets into beginner, intermediate, and advanced betting markets. This will help you to decide which F1 betting is going to be right for you.
Beginner F1 betting markets
These are the bets for those that are new to Motorsports gambling (F1 as well as NASCAR betting). The bettor may have watched a few races here and there and are fine with doing some light research:
- Winner: this bet is simple to understand. You are betting on who is going to cross the finish line first.
- Pole: these bets are similar to the winner. However, you are not betting on who takes the winner’s spot but who takes the pole during qualifying.
- Podium: these bets will be you gambling on a specific driver finishing in the top 3 positions of the grid.
- Place bets: similar to podium bets, but you are focusing on somebody finishing within a certain place range. This will normally be positions 1 to 10.
Intermediate F1 betting markets
These bets are for those that have more than a passing understanding of how F1 races work. They will take some rather solid research. This means looking beyond F1 news. The risk is higher for these bets, but the rewards are also higher to suit:
- Futures will have you focusing on events that happen over the course of the F1 racing season. Betting on the winner of the driver’s championship is an example of a futures bet.
- Head-to-head bets trim down the race into just a few drivers. You are betting on those drivers competing against one another. In most cases, you will be betting on who finishes further up the grid. These bets are tougher to win as they tend to focus on the lesser drivers on the track.
Advanced F1 betting markets
These are the bets for those that have no issues looking through tons and tons of research. They are for those that love to take huge risks but love the rewards that come with that. Unfortunately, these are not for those that are new to Formula 1 betting in Arizona at all.
- Fastest lap: this bet does pretty much what it says on the tin. You are going to be betting on who will drive the fastest lap during the race. You need to understand how each driver and car performs on certain tracks.
- Prop bets: these are bets that cover anything that doesn’t include the final positions of the drivers or how fast they drive. Think of it as small events that happen on the track. Common prop bets include what the weather is like. How many laps the safety car will need to finish. The first drivers to pit, etc.
How to read Formula 1 betting odds
Let’s wrap up by telling you how F1 betting odds can be read. This section is vital for a few new gamblers. We are going to assume that the sportsbook you are on uses the American odds system.
Determining the favorite and the underdog
This is simple:
- A – indicates the favorite.
- A + indicates the underdog.
The greater the number that follows this symbol, the bigger the favorite or underdog. So, a high number of an underdog is bad, but a high number for the favorite isn’t.
Working out how much you can win from your F1 bet
Once you know who the favorite or underdog is, you can work out how much you can win from your bet:
- If it is the favorite, then the number is how much you would need to bet if you wanted to win $100.
- If it is the underdog, the number that appears is the amount that you would win if you gambled $100
If you are unsure how to read betting odds, don’t worry too much. Add the bet to your betting slip and select your stake. The sportsbook will do the hard work for you.
FAQs on Formula 1 betting in Arizona
Is live Formula 1 betting in Arizona available?
It depends on the sportsbook. Most sites that offer F1 betting will have some sort of live odds available.
Do all sportsbooks in Arizona offer F1 betting?
No. Some sportsbooks steer clear, mostly because F1 is not as popular in the US as other types of motorsport.
Are F1 prop bets worth it?
It depends. If you are a new gambler, then no. It tends not to be worth it as they require a lot of research. However, even if you are an experienced gambler, prop bets are still going to be a big risk.
Do you need to live in Arizona to gamble at AZ sportsbooks?
Yes. Sportsbooks require you to be physically located within Arizona. This is to stay in line with various gambling legislation.
Do you need an ID for F1 betting in Arizona?
Most sportsbooks will require some sort of photo ID if you plan on gambling there. This is because the sportsbook needs to know that you are legally allowed to gamble.