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Recently updated on September 11, 2023 at 01:12 am
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Formula 1 kicks off the 2020 season in Australia in March. 22 races are on the program until November 29th. At the latest then it is clear which team and which driver can call himself Formula 1 World Champion 2020. If you can believe the bookmakers, not much will change this season as far as the champion and his team are concerned. Bookmakers and experts once again see Lewis Hamilton as a huge favorite for the coming season. Nothing has changed about Mercedes as a favorite team either.
However, there is movement in the following places. Contrary to what most German motorsport fans hope, the bookies see Charles Leclerc and Valtteri Bottas on the podium. However, the betting offices do not agree on which of the two will take second place. The betting odds are almost identical. Max Verstappen follows in fourth place with a relatively large (odds) gap ahead of four-time world champion Sebastian Vettel. If you believe European racing fans, it is Max Verstappen who can cause a surprise. It would certainly be good for racing if the young Dutchman, in addition to his undisputed driving skills, also sat in a car that could consistently compete for the top spot. Anyone who places bets on the young Dutchman certainly has more than an outside chance of making a big profit.
How do the odds come about in sports betting?
In sports betting, odds basically serve two purposes. First, they are used to calculate the payouts of winnings. Every time you want to place a bet with a bookmaker, they offer a quota. This odds can be used to calculate what you can win with a suitable result in relation to the bet.
Second, the odds also reflect the likelihood of a particular event. The more likely a result is, the lower the odds and the less you can win. To stick to the example above, a Lewis Hamilton as world champion brings less profit per euro bet than a Sebastian Vettel.
These odds can of course change in the course of the Formula 1 season if the results of the first races do not correspond to the predictions of the supposed experts. Whenever you visit a betting shop, the bookie offers odds. You can then accept these or not and look around for a betting shop with better odds.
The different quotas have to do with different calculation models and are largely based on statistics. Each individual data record influences the overall quota. The different calculation models weight the individual data differently,
What sports betting is there?
There are sometimes big differences among bookmakers. It also depends on the target market. If a bookie mainly focuses on the crazy English market, you can sometimes make very "wild" bets. Among other things, this includes the color of the Queen's headgear at a public appearance or on which matchday a coach is fired. Nevertheless, there are bets that can actually be found everywhere.
single bets
Whether it's a car race or a football game, the single bet is the simplest bet and is actually self-explanatory. You bet on the winner of a race or game. In football you can of course also bet on a draw. Of course, this bet also works with the color of the Queen's hat.
Kombinationswetten
In this bet, the outcome is multiple games. Of course, the risk is higher, but there are better odds. Here betting offices use different station wagons. In a race, in most cases you have to type the three podium positions in the correct order. In other sports, you have to be right in four or five games to be the winner.
system Bets
System bets work similarly to combination bets. One of the main differences, however, is that you have to type 3 of 4 games correctly, for example, and then multiply their odds first with each other and then with the stake.
Live betting
These bets can only be placed if an event has already started. This is certainly one of the most exciting forms of betting. Here the odds change constantly until the end of the game or the race. With some bookmakers you can get out of a bet early. The buyout gives you a worse odds than you originally bet, but you can still secure a profit if unforeseen events occur.
The advantage of sports betting compared to other forms of gambling is surely that you can improve your chances of winning with the appropriate specialist knowledge and not just rely on luck
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