Formula 1: Against The Odds

Melbourne Movers and Shakers

with 4 comments

I have just been looking at the revised best prices post-Melbourne for the Driver and Manufacturer World Championships. The bookmaker’s changes generally appear to reflect the press reaction of the last week. The question is, are any of them an overreaction at this stage of the season?

I certainly didn’t expect to see the reigning Manufacturers champions available at 33/1 after just one race.

F1 Drivers Championship Odds

Driver Pre- Post-
Kimi Raikkonen 2/1 15/13
Fernando Alonso 51/20 5/2
Felippe Massa 4/1 7/2
Lewis Hamilton 25/1 15/1
Nick Heidfeld 66/1 50/1
Robert Kubica 40/1 66/1
Jenson Button 25/1 100/1
Giancarlo Fisichella 34/1 100/1
Heikki Kovalainen 34/1 100/1
Rubens Barrichello 100/1 200/1
Jarno Trulli 150/1 200/1
Ralf Schumacher 150/1 200/1
Nico Rosberg 300/1 300/1
Alex Wurz 300/1 300/1
David Coulthard 300/1 500/1
Mark Webber 300/1 500/1
Anthony Davidson 1000/1 750/1
Takuma Sato 1000/1 750/1
Christian Albers 1000/1 2500/1
Vitantonio Liuzzi 1000/1 2500/1
Scott Speed 1000/1 2500/1
Adrian Sutil 1000/1 3000/1

F1 Manufacturers Championship Odds

Manufacturer Pre- Post-
Ferrari 4/7 1/2
McLaren 11/4 2/1
BMW Sauber 25/1 20/1
Renault 14/1 33/1
Honda 33/1 80/1
Toyota 150/1 150/1
Williams 250/1 250/1
Super Aguri 1000/1 500/1
Red Bull 250/1 500/1
Toro Rosso 750/1 2000/1
Spyker 750/1 5000/1

Best prices taken from Oddschecker. Better prices may be available on the exchanges.


Written by f1punter

March 25, 2007 at 10:30 pm

4 Responses

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  1. I’m not sure you know the answer to this, but I’m curious as to whether you think formula one (or for that matter and car racing sport) is devalued in the same way in America as it is in Australia. Here, my sense is that Formula One might not be with as much scrutiny as other sports (though there was a time in the past when this wasn’t true), but certainly NASCAR is. I don’t disagree with your contention that betting agents don’t seem to be as keyed into odds with racing in Australia, but that seems unusual to me since I know it is an important sport there and I would expect it to be on the same level as stock car racing is here.


    July 3, 2007 at 4:16 am

  2. Hi Games,

    You are right, I am not sure I do know the answer to this! The reason that I believe that bookmakers don’t overly occupy themselves with F1 market-making is simple: Turnover. There is simply not enough action on those markets for them to adequately fund dedicated resource. This tends to lead to a lot of copycat prices.

    As to whether the sport is devalued in the States; I don’t know. I guess that for starters it does not have the same heritage there as it does in Europe. A good comparison would be the little amount of coverage that oval racing gets over here in the UK. I have also heard the argument that there are a lot of sports to choose from in the States and that certain sports are more popular because of their ties to the collegiate system and hence the general public’s upbringing. I am not sure I am totally convinced by that argument, but nonetheless it makes some sense.

    I am afraid to admit that I know even less about car racing in Australia than I do in America. Why do you think that it is devalued there?


    July 3, 2007 at 4:54 pm

  3. I’m not sure devalued is the right expression. I just think that in Australia motorsports don’t reply as much on gambling revenue as say horse racing.

    It is a sport that is very much driven by advertising

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    January 8, 2008 at 3:06 am

  4. I simply think that F1 is not as highly valued as Nascar in the States because it does not have the coverage that Nascar gets. Nascar is a crowd puller. Its a seasonal thing on week after week and it is a spectator sport – you can see the whole race from your seat! F1 on the other hand comes to the US once a year and has to be watched on TV otherwise. It can’t and never will compete with Nascar in the States.

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    January 12, 2008 at 1:32 am

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