Formula 1 Betting By Numbers
In my last post I analysed the most profitable formula 1 bets in the Winning Driver market and this time it's the turn of the Podium Finish betting market.
Once again I've produced two charts, with the first showing the usual 'Betting Profit' returns based on a standard £1 bet on the same driver for a podium at each Grand Prix of 2013...
Standard 'Betting Profit' Chart For A Podium Finish:
|Podium Finish||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.
And for a slightly different perspective, 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 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%:
|Podium Finish||Profit||Winning Bet|
|Rest Of The Field||-3.50||0|
Weighting the form guide more heavily based on recent Grand Prix resulted in quite significant changes to the Winning Driver chart, but as you can see for the Podium Finish market the changes aren't quite so dramatic. Felipe Massa moves up a couple of places thanks to his podium at Barcelona, but Romain Grosjean remains the most profitable bet thanks to his 3rd place in Bahrain.
Once again, I'm not sure exactly how much significance to give to these 'Betting Profit' charts but they're maybe worth considering when deciding who to bet on at the Canadian Grand Prix.
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Other recent posts:
The Form Guide After Monaco: Part 1 - Winning Driver
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