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3 seasons ago I started trading on the Formula 1 markets. I followed the sport for many years before this and would sit there on a Sunday afternoon trying to work out the strategies of the teams - reading a F1 race for me is what it’s all about.
There are drivers and teams I prefer to the others, but I wouldn’t say I support anyone. I mainly enjoy a good race regardless of who wins. The politics off the track can also be as interesting (if not more) than the on track action.
F1 until now appears to be low on the list of a bookmaker’s priorities and generally I believe their books are poor in comparison to say their Football markets. Lewis Hamilton last year may change this as towards the end of the season a few new markets emerged. The Hamilton affect may bring about more punters and force the bookies to pay more attention.
Value is the basis of my strategy. As I follow the sport anyway and read anything I can get my hands on I get a good picture in my mind as to how things may pan out. I then look for what I believe to be good value odds and take a back or lay position on them. Some will be left to run if things go well and others will be traded for profit or loss.
There is always at least one driver who represents value in each race. Usually it’s the same culprit throughout the season who is always underestimated for one reason or another. Montoya and Massa are two names in recent years which spring to mind. They have tracks where they go well but the odds never seem to reflect this. As an example in 2006 Massa convincingly won the Turkish Grand Prix and in 2007 was available at odds of 5.1 before the race weekend. He put the car on pole and led from start to finish never really looking like loosing - Alonso, Kimi and Hamilton were all shorter odds.
So there’s no big, complicated strategy which ‘guarantees’ me a win each race. Lots of research and a good knowledge of the sport have enabled me to make a profit of over those 3 seasons.
So after 3 years of profit why am I cautious?
3 seasons (or 3 years) may sound a long time to but there have only been 54 races in this period. I don’t win on each race but most losses are smaller than my winning weekends and I end the season in profit. 54 is not a very big sample and there’s nothing to say my strategy has only worked so far because of luck. Let’s say I was doing the same with football and bet on every premiership team each weekend – my three seasons would be the equivalent of about 3 weeks football betting. For horse racing it would probably equate to 3 or 4 days. I could hardly claim to have a winning system if all I had done is returned a profit after 3 days.
There are drivers and teams I prefer to the others, but I wouldn’t say I support anyone. I mainly enjoy a good race regardless of who wins. The politics off the track can also be as interesting (if not more) than the on track action.
F1 until now appears to be low on the list of a bookmaker’s priorities and generally I believe their books are poor in comparison to say their Football markets. Lewis Hamilton last year may change this as towards the end of the season a few new markets emerged. The Hamilton affect may bring about more punters and force the bookies to pay more attention.
Value is the basis of my strategy. As I follow the sport anyway and read anything I can get my hands on I get a good picture in my mind as to how things may pan out. I then look for what I believe to be good value odds and take a back or lay position on them. Some will be left to run if things go well and others will be traded for profit or loss.
There is always at least one driver who represents value in each race. Usually it’s the same culprit throughout the season who is always underestimated for one reason or another. Montoya and Massa are two names in recent years which spring to mind. They have tracks where they go well but the odds never seem to reflect this. As an example in 2006 Massa convincingly won the Turkish Grand Prix and in 2007 was available at odds of 5.1 before the race weekend. He put the car on pole and led from start to finish never really looking like loosing - Alonso, Kimi and Hamilton were all shorter odds.
So there’s no big, complicated strategy which ‘guarantees’ me a win each race. Lots of research and a good knowledge of the sport have enabled me to make a profit of over those 3 seasons.
So after 3 years of profit why am I cautious?
3 seasons (or 3 years) may sound a long time to but there have only been 54 races in this period. I don’t win on each race but most losses are smaller than my winning weekends and I end the season in profit. 54 is not a very big sample and there’s nothing to say my strategy has only worked so far because of luck. Let’s say I was doing the same with football and bet on every premiership team each weekend – my three seasons would be the equivalent of about 3 weeks football betting. For horse racing it would probably equate to 3 or 4 days. I could hardly claim to have a winning system if all I had done is returned a profit after 3 days.
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