You can place bets for Formula 1 all year round, although as there is such a long time between races, you can also wait until the season is under way. The obvious advantage to this is it gives you a clear idea of how your driver or team is performing and allows you to check statistics - although you may find shorter odds are offered as well. The odds may also change during the season. Races are generally spaced a week or two apart and apart from the actual race itself, also include practice days.

So why bet on motor racing? Apart from the fact that it is an exciting and fast paced sport to watch, Formula 1 fans are often spoilt for choice, as it is possible to place bets on several different scenarios - the winning team or driver or both; as well as the top three finish and the top qualifier. And if you cannot get to the race course in person to see the outcome of your wager, television coverage of Formula 1 is comprehensive and just as exciting to watch.

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Formula 1 motor racing is arguably one of the most exciting of all spectator sports - it is fast paced, noisy and glamorous. Formula 1 races take place at exotic locations all over the world. It also has the distinction of being one of the most expensive sports in which to participate! And betting on Formula 1 motor racing results can be almost as exciting, especially if you use the arbitrage betting system, a tested method of betting that virtually ensures steady profits.

Formula 1 motor racing has its roots in the car racing of the 1920s and 30s, although the rules were not standardized until 1946 and the first World Drivers’ Championship took place in 1950, won by Nino Farina. The Italians dominated the early years of the sport, followed by British supremacy – Cooper, BRM and Vanwall were names to be reckoned with. The undisputed all time world champion is Juan Manuel Fangio whose five world titles is still an amazing achievement.

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There are a wide variety of bookmakers who would love to accept your bet for a horse race. Figuring out which bookmakers to use, whether you are looking to make straight, exotic or arbitrage bets, takes finesse.

First, look carefully at the policies a bookmaker uses. Is there a minimum bet amount? During which timing will they accept bets? How fast are payouts made? All of these factors are very important to the health of your bet.

Next, evaluate the bookmaker’s reputation. Beware of fly-by-night operations because you may place a bet and never see a return even when you win. Ask around, directly or virtually, to see what feedback is available for the bookmaker you are evaluating.

Finally, look at the ease in placing a bet with a specific bookmaker. Is it as simple as a click of your mouse – or will you have to jump through hoops just to pick a horse? Unless the odds offered are phenomenal, it is smarter to stick with bookmakers who make the process easier.

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Can horse racing ever result in guaranteed winnings? Yes, if you know about sports arbitrage. Instead of going through one bookmaker to bet that each horse will win, however, you will place different bets with a different outlet.

The theory behind arbitrage betting is that you will profit by arranging your bets to take advantage of the best odds offered by various bookmakers. By taking each individual outcome into consideration with the best odds possible, arbitrage betting is often referred to as surebetting - offering a sure way for gamblers to make money regardless of which horse wins.

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