I've been following F1 for a long time, over 15 years now and feel I got a fair idea about how it works. I haven't tried seriously though to make money from it with normal bets before until this season really. I have traded occasionally usually backing or laying a driver before FP and trading out before Quallies. A low risk strategy of you sort of know what you're doing. I've had some luck with my bets so far so I thought I'd share them.
First I have a trade going on where I want to back Hamilton to win the race @ 1.75. It's not matched yet but I obviously hope it will be. This is a track Hamilton loves, weather should be nice which reduces the chance for odd events to disrupt my plans. Cool temperatures are expected which should help the already dominant Mercedes cars, while hotter temperatures should allow Ferrari to sneak closer.
I've also placed a bet @ 1.55 with Betsson for Hamilton to be on pole, and a smaller one for him to win FP1 @ 1.85.
Despite hoping otherwise I've also bet on Nasr to out-qualify my compatriot Ericsson @ 1.30.
Unibet had some interesting offers for 3.00 on both Alonso and Button not to finish the race. Double finish in the chronically unreliable McLaren Honda looks very unlikely and if one fails to finish I'm all good and should both retire I'm in for some nice cash. Not unlikely since this is a power circuit that should put some strain on the fragile power plant. It's also tough on brakes and barriers are close so there should be retirements in the race. Button and Alonso being world champions and all are top class drivers not expected to crash but the risk is always they could get tangled up in someone else's mistake.
I'll be back with some HH bets after the first day of practise. That should have some pecking order sorted out within and between teams.
I expect:
Mercedes - Hamilton to beat Rosberg
Ferrari - Vettel to beat Räikkönen
Williams - Bottas to beat Massa (narrowly)
Red Bull - Ricciardo to beat Kvyat
Lotus - Grosjean to beat Maldonado
Toro Rosso - Sainz to bet Verstappen
McLaren - Alonso to beat Button
FI - Perez to beat Hulkenberg (narrowly)
Sauber - Nasr to beat Ericsson
Manor - Stevens to beat Mehri
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