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Formula 1 has a viewership of more than 70 million per race and this proves it’s a sport loved by fans. You cannot just enjoy the sport digitally but also on bet slips. There are many events during a formula 1 event where you can bet on so let’s take a look at the most popular ones. A Formula 1 weekend lasts for 3 days and starts on a Friday where Drivers test the track in two sessions called Free Practice 1 and Free Practice 2. On Saturday they have a third practice session called Free Practice 3. At this point a viewer can decide which driver has good race pace and pick their favorites for the qualifying event. During the qualifying all 20 drivers compete to set the fastest lap during 3 sessions and five of the slowest cars are eliminated on Q1, Q2 and Q3. During the final qualifying (Q3) the fastest car is given a pole position (P1) and starts from the front of the grid during the race. All cars are placed from 1 to 20 in order of the fastest lap set by them during a session. You can bet which driver will be on P1 by going through the race pace set by them during the three free practice sessions or by going through their performance during the year. On Sunday you have the main event where all 20 cars start a race and every car has to lap around the track for a specific number of times. During this race a lot of events happen where you can try your luck to make some money. You can choose what driver is going to win the race and if you are not so sure you can bet which driver will end on the podium, the top 3. You can also bet which driver will finish on points. Points are rewarded to all drivers that finish in the top 10. Sometimes cars slow down due to mechanical failure or minor collisions or some other reasons and this causes a Yellow flag and a Virtual safety car is deployed. This is quite normal during an F1 race and you can bet how many Yellow flags will occur during a race. Sometimes these collisions can be severe and parts of the car may fall on the track or cars may be stationary on or next to the track which may cause hindrance to other cars and not just in terms of their speed but also the safety of the driver. This is where a Red flag is deployed and the race is stopped for a certain amount of time. During this break all the debris is cleared off track and race is only started until it’s safe to race again. The probability of a Red Flag is lesser than that of a yellow flag so the odds on this are higher and it’s a great bet to make. Formula one is affected a lot by rain as it’s unsafe to drive as there is water on tracks which may cause cars to slide and cause accidents. If you are [planning to bet on Yellow or Red flags then choose races where there is a chance of rain. You can bet what driver will be the F1 Drivers champion, which is decided by the driver having most points during the end of season. The same system applies for the Constructors champion where the most points scored at the end of the season accumulated by both the drivers of a team decide the F1 constructors champion.