Gamblers guide to betting at Formula 1 Las Vegas Grand Prix

Formula 1 (F1) stands out as a fantastic sport for betting and the Las Vegas Grand Prix is your next opportunity. It’s scheduled to start on 19th November, Sunday, featuring Max Verstappen, Lando Norris, and Lewis Hamilton among the top racers of 2023. It is the long-awaited event of the year and you can bet on it at your favourite bookmaker. 

If this is your first time betting on F1 racing events, then Gamdom has you covered. F1 racing is a simple sport and you can keep up with the Grand Prix series in no time. Here is a comprehensive F1 betting guide for the Las Vegas Grand Prix to give you an insight into making successful wagers. 

Bet on sports at Gamdom 

What is Formula 1 racing?

F1 racing is the pinnacle of global motorsports which is why fans and betting enthusiasts flock to betting sites like Gamdom to engage in Grand Prix betting annually. This is a sport where drivers ride on experimental vehicles called ‘Formula One’ (F1) which are machines made only for that specific event. 

It will be reconstructed or tweaked for the next race according to the manufacturer’s demands. There can be a total of 20 to 26 cars competing in the same race. The Las Vegas Grand Prix, for example, has a roster of 20 participants. Drivers are scored and rewarded based on their individual placement so every rank counts for the athletes. 

How to watch F1 races

For the ultimate experience, watching F1 live is unmatched and all you need is a ticket to the stadium. However, you can watch F1 races in a wide variety of ways remotely thanks to so many broadcasting networks covering them. The leaders in media coverage per country include ABC or ESPN in the United States and Sky Sports in the United Kingdom and Japan. 

How to bet on F1 races

F1 racing’s simplicity translates to straightforward crypto betting. Here are the five basic steps you need to follow to begin F1 betting:

• Make an account at Gamdom
• Top up your Gamdom account to build your bankroll using cryptocurrency
  • Use any crypto you prefer like investments or new assets to add to your portfolio
• Go to the motorsports section at the bookmaker
• Find an F1 race that is yet to begin
• Choose a driver and bet on ‘yes’ if you believe that they will win
  • On rare occasions, you can bet on ‘no’ and get paid if they don’t win the match. This bet is only available to the top drivers while the others only let you bet ‘yes’. 
• Wait until the race is over then claim your prize when the winner is declared

Win quick massive payouts from Crash

Las Vegas Grand Prix: An overview 

The Grand Prix series of races is the biggest Formula 1 event. It is held in many major cities around the world, usually once per country. However, the Las Vegas Grand Prix is the second of its kind in the United States. The other one is called the United States GP held on 23rd October. 

The Las Vegas Grand Prix is a special case, however, because it’s returning for the first time in 2023 since its last edition in 1982. Its track isn’t official, yet, because the Las Vegas Street Circuit is considered a temporary one. This is the start of another annual Grand Prix because a 2024 running is already announced. 

What are the markets for the Las Vegas Grand Prix?

There aren’t too many betting options in the Las Vegas Grand Prix. Your options in the Las Vegas Grand Prix will just be between the qualified drivers as follows:

• Max Verstappen
• Lando Norris 
• Lewis Hamilton
• Sergio Perez
• Charles Leclerc
• Carlos Sainz
• George Russell
• Oscar Piastri
• Fernando Alonso 
• Esteban Ocon
• Pierre Gasly
• Alexander Albon
• Lance Stroll
• Valtteri Bottas
• Kevin Magnussen
• Nico Hulkenberg
• Guanyu Zhou
• Daniel Ricciardo
• Logan Sargeant
• Yuki Tsunoda

The Grand Prix racers above are listed from top to bottom in order of their odds to win at Gamdom. Their specific odds and order will shift as the race draws closer. From this list, you are given the option to bet on ‘yes’ next to their name under the winner market. Click on ‘yes’ next to the name of who you believe will win the F1 Vegas 2023. 

The top two names on the list also have a special market called ‘no’. This is an alternative bet you can make if you believe that this driver won’t win the race. You will win this bet as long as they only make it to the top 2 or lower.

Take a shot at doubling your winnings with HiLo

Who are the favourites in the Las Vegas Grand Prix?

There is only a handful out of 20 racers who have a realistic chance of winning. In most cases, you can narrow them to just 3. In the context of the Las Vegas Grand Prix, that honour belongs to Max Verstappen, Lando Norris, and Lewis Hamilton.

The only other factor to consider is what you stand to gain for placing a bet on any of them. Verstappen is the popular choice and that’s why he has the highest F1 Grand Prix odds. However, the payout you can win is bigger if you bet on either Norris or Hamilton. Both have high Formula 1 betting odds but they are still underdogs relative to Verstappen.

It’s often safer to avoid betting on any driver outside of the top three. However, each one has a small chance of winning. It can be a miracle or a result of their training paying off or they could just have a special affinity for the track. The Las Vegas circuit is a new and temporary track so no one on the roster is used to it leaving room for a dark horse in the race. 

Bet on F1 races at Gamdom to win crypto

Experience the thrill of winning crypto by placing bets on F1 races at Gamdom—your ultimate one-stop shop for everything you need in sports betting and casino gaming. Dive into the world of F1 racing events, especially special tournaments like the Grand Prix and unlock exciting rewards for using cryptocurrencies. Your journey to big wins starts here at Gamdom!

Play fun Bitcoin casino games at Gamdom