How to Get Started With Motorsports Betting

Motorsport has been a sport for almost as long as motor vehicles have existed. It’s an umbrella term for several fast-paced, frantic sports such as dirt bike, motocross, Formula 1 and speedway. Because it involves drivers competing to reach the finish line first, there’s a competitive element to motorsports – meaning you can bet on the outcome of various races.

Motorsports was treated as a niche sport for years, but since early 2000, the sport has become increasingly mainstream. So if you’re looking for online bookmakers NZ offering motorsports odds, you don’t have to look far. There are plenty of sportsbooks presenting generous welcome bonuses and a wide range of sporting events to bet on. Once you’ve signed up with a sportsbook or two, you’re ready to start placing bets. In this article, we share some advice to help you get started!

Take advantage of value bets

Although sports betting is completely based on chance, you should hone your betting skills by taking advantage of value bets. It’s simply a matter of learning how to identify where the odds are higher than the implied probability of a particular result of the race. In other words, you’ll master the ability to ‘outsmart’ the bookmaker in terms of odds. Thus, by being able to identify value bets, you’ll increase the probability of getting better returns in the long term.

Understand the different types of bets you can place

Just like in any other sports, you can place a variety of bets on motorsports and motocross. The most common type is bets on the winner of a particular race. This is also the preferred choice among many beginners, as it does not require any deeper understanding of betting. Other popular bets are driver time, or whether one driver will reach the finish line faster than another driver. The latter is called head-to-head-bet.

Know the major motorsports events

The most fun and worthwhile races to bet on are undoubtedly during the major motorsports events. Of course, you can’t miss Formula 1, the 23 Hours of Le Mans, the Dakar Rally or the Isle of Man TT. But also not MXoN, the biggest motocross event, or the grand dirt bike event, Supercross Championship. After all, it’s during these major events that sportsbooks offer the widest range of odds and the most thrilling excitement.

Switch between different sportsbooks

One last tip we want to share if you wish to get started with motorsports betting and actually get good at it is not to stick to a single sportsbook. As different sportsbooks set different odds, it may be worth exploring different options to get the most competitive odds at all times. You can have several accounts and therefore switch between sportsbooks depending on where the odds are most valuable during different races!