Motor sports, like the Formula 1 and V8 Supercars, is a popular spectator sport in Australia. Motor sports betting is also popular among sports bettors - pros and casual bettors alike.
V8 Supercar events take place in most Australian states and the Northern Territory. Rounds are also held in New Zealand, Bahrain and Abu Dhabi. It is reported that V8 Supercars races have drawn crowds of over 250,000 spectators.
The most popular V8 Supercars event is the Bathurst 1000, simply known as the "Great Race". It is a 1000 km test of drivers, teams and machines held at the Mount Panorama Circuit in Bathurst, New South Wales.
It is conducted over 161 laps, on a track that features two long straights that contrast with a tight section of fast blind corners across the top of the mountain.
Meanwhile, Australia has hosted a round of the Formula 1 championship race since 1985. For the first 10 years, the Australian Grand Prix was held at Adelaide as the last round of the racing championships. Then in 1996, the Australian Grand Prix moved to Melbourne.
Aside from Formula 1 and V8 Supercars, the World Rally Championship, Australian Sprintcar Championship and Moto GP World Championship are popular events for motor sports punters.
Many who are new to motorsports betting think that opportunities are limited to picking the eventual winner of each race (or maybe the runner up). They are wrong. In fact motorsports is very intricate and there are a wide range of motor sports bets that can be made.
Bets on Qualifying
The day before every race, the teams compete in a qualifying hour to determine their starting position on the grid for the race itself. This qualifying hour is a betting event in its own right, and betting options can range from qualifying times through who will get win Pole Position.
Bets on Individual Races
The Grand Prix race itself is obviously a focal point for motor sports fans who like to have a bet. The most popular bet is one where you pick a driver to be the outright winner of an event.
You can also bet on the "Top Scoring Constructor" in an event. This allows you to bet on any participating constructor (for example, in Formula 1: Ferrari, McLaren, Red Bull, Mercedes) to achieve the highest number of constructor championship points at the designated event.
Bets on Overall Championship
The appeal of bets related to the overall championship is simple to understand - one bet can provide you with a financial interest in racing for the entire season. It doesn't always matter so much if your nominated team or driver fail to do well in the first Grand Prix race of the season, because they may do much better in subsequent events and still come out on top overall.
In addition to these popular bets, there are also a variety of exotic and performance motorsports betting markets to get involved in. Bets like fastest lap, first car to retire, first driver to retire, whether or not the safety car will be deployed, etc.
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