<p>Thanks to the success of smash hit doco-series Drive to Survive, the popularity of Formula One has skyrocketed all over the world.</p> <p>Full of colourful characters and full-throttle entertainment, as well as being one of the most technical sports on the planet, it’s no surprise F1 is such a major hit with spectators and punters alike.</p> <p>Australia has had a long affair with F1 thanks to Daniel Riccardo and now Oscar Piastri doing their best to represent all those Down Under.</p> <p>That’s why here at Sportsbet we’ve created this comprehensive F1 betting guide as part of our Punter IQ series for all you passionate Aussie F1 fans out there.</p> <p>This is a must read Formula 1 betting guide for new punters who need help understanding Formula 1 betting or deciphering the many different Formula One-based bets and markets on offer to Sportsbet customers.</p> <p>So, buckle up and put the pedal to the metal, our How to Bet on F1 guide is below. 3, 2, 1… go!</p> <p>&nbsp;</p> <h2>What Can You Bet On In F1?</h2> <p>&nbsp;</p> <p>It’s important to understand which markets are available within the F1 world and what they mean. Below are the most popular F1 markets and their specifications, available to Sportsbet patrons.</p> <p>Betting on Formula One has never been easier. To view every single F1 market on offer simply go to the <a href="https://www.sportsbet.com.au/betting/motor-racing/formula-1">Sportsbet website or app</a>, look up F1 and browse at your own leisure.</p> <p>&nbsp;</p> <h3>F1 Race Winner Outright betting</h3> <p>One of our most popular Formula One betting markets, this one is simple, who’s going to win the race.</p> <p>&nbsp;</p> <h3>F1 Fastest Qualifier/Race Winner Double</h3> <p>A combo wager allows you to back a driver to be the fastest qualifier and then win the subsequent race.</p> <p>&nbsp;</p> <h3>F1 Pole Position Overall Qualification Winner</h3> <p>The race before the race. Go here to pick who will win qualifying for a specific race.</p> <p>&nbsp;</p> <h3>F1 Race Podium Finish</h3> <p>Completely self-explanatory. Pick a driver to finish in the top three of a selected race.&nbsp;&nbsp;</p> <p>&nbsp;</p> <h3>F1 Top 10 Points Finish</h3> <p>Championship points are awarded to drivers who finish in the top 10 of a Grand Prix.</p> <p>&nbsp;</p> <h3>F1 Drivers Championship</h3> <p>At the end of the F1 season, the driver that has accrued the most Championship points is awarded the Drivers Championship. This is a futures market where punters can wager on who they think that will be.</p> <p>&nbsp;</p> <h3>F1 Constructors Championship</h3> <p>Just as with the Drivers Championship, teams also battle for the Constructors Championship. Points are awarded to the manufactures of the car based on where they finish in a race. At the end of the season, the team with the car with the most points wins the Constructors Championship. Naturally this is a captivating and hugely popular futures market for F1 enthusiasts.</p> <p>&nbsp;</p> <h3>F1 Drivers/Constructors Championship Double</h3> <p>A combo wager for those who want to back a driver and his team to take out both the Drivers and Constructors Championship in the same season.</p> <p>&nbsp;</p> <h3>F1 Championship Head to Heads Betting</h3> <p>A market which pits two different drivers head-to-head (H2H). Sim-ply pick which you think will finish higher at the end of the F1 season.</p> <p>&nbsp;</p> <h3>F1 Driver to Win Races</h3> <p>The place to go to back a specific driver to win a specific number of races during the F1 season.</p> <p>&nbsp;</p> <h3>F1 Safety Car Betting</h3> <p>A bit of a novelty one to finish. This market allows punters to wager on whether the safety car will make an appearance or not.</p> <p>&nbsp;</p> <h2>How To Bet On F1</h2> <p>Now that you know all the different markets for betting on Formula One with Sportsbet, you just need to understand how to jump in and bet. You can access the <a href="https://www.sportsbet.com.au/betting/motor-racing/formula-1">Sportsbet app or Website here</a>.</p> <p>&nbsp;</p> <p><strong>Step 1:</strong> Browse the races available depending on the time of year.</p> <p><strong>Step 2:</strong> Select your race and then browse the markets available for it.</p> <p><strong>Step 3:</strong> Select the market(s) you wish to wager on.</p> <p><strong>Step 4:</strong> Choose your stake and confirm your bet.</p>