How do Bookmakers Set the F1 Betting Odds?

There’s a lot of clever calculations going on the background to ensure that punters get the best odds, while the bookie still makes a profit over the long term. They run an ‘over-round’ book, which means that on average, less than 100% of all wagers made across all events, will be paid back as winnings. A good online sport and F1 betting site will be able to guarantee that the odds are fair and that you will have a real chance at claiming some great wins from your F1 betting.