Formula 1 Betting By Numbers
However, obviously in formula 1 as in all sports, recent form has more relevance than the results earlier in the season, so this time out I've produced two charts.
The first chart shows the usual 'Betting Profit' returns based on a standard £1 bet on the same driver at each Grand Prix so far this season...
|Winning Driver||Profit*||Winning Bet|
|Rest Of The Field||-6.00||0|
* As a reminder, the 'Profit' column shows the amount of profit you would have made if you'd placed a £1 bet on the same driver at every Grand Prix this season. Please note, even in the few days before first practise, the odds can sometimes vary slightly, so I've generally tried to take the odds a few days before each Grand Prix as soon as the market opened on SkyBet.
For the second chart, I've weighted things in favour of recent races so that the most recent Grand Prix have more relevance to the overall results. To be specific, for Australia (the opening Grand Prix of 2013) I've applied a 16.7% multiplier, for Malaysia 33.3%, for China 50%, for Bahrain 66.7%, for Spain 83.3% and for Monaco 100%:
|Winning Driver||Profit||Winning Bet|
|Rest Of The Field||-3.50||0|
As you can see, when the data is weighted in favour of recent races, Nico Rosberg jumps to the top of the chart, while Kimi Raikkonen drops to fourth. I'm not sure exactly how much significance to give to either chart, but I think it's fair to say that after his victory in Monaco, Nico Rosberg's odds are likely to be shorter at Canada, whereas Kimi Raikkonen's victory at Melbourne won't have quite as much bearing when the bookies are compiling their odds.
As you might have guessed I'm a bit of a statistics nerd when it comes to formula 1 betting, and next up I'll be analysing the Podium Finish market.
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Other recent posts:
Monaco Qualifying: Bet In Play Odds
Monaco Grand Prix: Tips Round-Up
The Monaco Grand Prix: Post-Qualifying Tips
The Monaco Grand Prix: Pre-Qualifying Tips