Motorsports is an incredibly entertaining and exciting kind of sport. It is impossible not to get adrenaline and drive even when watching the races on the internet, let alone when you go to the event in person. This niche is much newer and narrower than traditional games like football or basketball, but it has already attracted millions of viewers from all over the world. With the popularity growing, many bettors have started investing their money in the niche and make good money – and so can you! In this guide, we will show you the tips and tricks of how to boost your chances of success even if you are a newbie to wagering.
Choose Legit Gambling Platform
Once you have found a reliable platform, it is time to register an account. The process is usually very simple – all you need to do is to create a password, username, confirm your email, verify your profile with ID, and deposit funds! Since not all sportsbooks allow motorsport gambling, we advise you to check it before making your first deposit.
Compare the Odds
If you do not mind spending 10-15 minutes of your free time, you can boost your motorsport wagering earnings significantly by comparing the odds on a few sites. At the start, we recommend monitoring the odds before each wager, and later, when you see the tendency of the odds, you can narrow down the list of platforms and save your time. A good way to save time on monitoring the odds is to gamble with friends and do the research together.
Hunt For Promos
Top-tier sportsbooks offer generous promo deals to new and existing clients to keep them satisfied. When you compare the odds before the race, you should also look at the deals the site has to offer. You can get a welcome promo or additional funds to your deposit and therefore grow your motorsport gambling empire much quicker. Make sure the promos are legit and read the terms and conditions of the sportsbook to see if there are any roll-over requirements when withdrawing the winnings.
Monitor Your Success
No matter what your initial deposit is, whether it is $10 or $10,000, you must always keep track of your progress. We recommend using Google sheets as they are easy to modify, but you can also write down your success on paper if it is more convenient for you. If you always keep things organized, you will be able to optimize your strategies and tactics to make motorsport betting more efficient and productive.
Do Your Research
If you are new to motorsport wagering, before placing your money on a racer, you should do thorough research on the racer’s performance, their motivation to win the race, and whether they have had any injuries or difficulties in life recently. When you are just starting, it is crucial to dedicate your time and effort researching before making motorsport wagers to minimize the chance of failure and find lucrative odds.
Analyze External Factors
There are some external factors that could change the direction of the race significantly. Take, for example, the weather and the racing track type. If it rains or snows, some cars may perform better than others. You must always learn as much as possible about the type of car and tires the racer will use. While it might seem insignificant, it is not true – even the most experienced driver who is considered a favorite may have difficulties getting to the finish if the tires are not suitable for particular weather conditions. Also, you must always consider the material of the track. Is it smooth? How long are the roads? Will the race be at night or during daylight? While it might seem like a lot of things to consider, they are crucial to optimize your motorsport wagering strategies.
Control Your Funds
You must never bet over 1 or 2% of your entire bankroll on a single race, no matter how confident you are about your motorsport wagering strategy. If you diversify the risks, you can try more strategies and still remain a winner in the long term. While gambling, leave your emotions behind and have full control of your funds.
Stick to One Strategy
Motorsport offers a variety of gambling options – you can bet on a stage winner, make pole position or podium finish wagers, etc. But you should not make multiple wagers at once, especially if you are only starting your motorsport wagering journey. Choose one type of wager and stick to it until you see its potential. The most common bet is the matchup, but you can make good money with any type if you do thorough research, read trusted publishers’ reviews, control your expenditures and keep track of your motorsport wagering progress.
Start Making Money With Motorsport Wagering
Now that you know that motorsport betting is an interesting and effective way to make some extra money, it is time to place your wager! Once you have found 3-5 reliable wagering platforms and compared the odds between them, make your first deposit and start growing your motorsport betting empire.