Formula 1 is heading to Canada this weekend after the action-packed Monaco circuit. Sportsbooks have priced Lewis Hamilton as the favorite to win the race, followed by Rosberg, Ricciardo and Vettel.
F1 Canadian GP – Winner
A newcomer to the world of sports betting would assume that Hamilton and Rosberg’s chances look similar. The former’s odds are about +110 and the latter’s +200. However, there’s a pretty different story of them if we take a quick glance at the betting charts and how the odds have been moving.
While Hamilton’s have been fluctuating inside a range between evens and +125, Rosberg’s are actually drifting; that is climbing. Currently the longest odds for him are almost +300 at Betfair, the charts of which are shown in the image above. The strong, upward trend certainly reveals the preference of bettors not to back the German Formula One driver.
Meanwhile, the next two favorite drivers for the upcoming Formula 1 race are proven quite popular among punters. Although not exactly money-pouring on them, Ricciardo and Vettel’s odds are shortening right before Friday’s practice sessions.
Probably that shortening is the result of Rosberg’s drifting odds, as handicappers are looking for picks other than the Mercedes driver, which, of course, has an immediate effect on the market’s betting dynamics.
Canadian Grand Prix – Pole Position
The same classification takes place in the betting market for the pole position in the Canadian Grand Prix. Hamilton is the favorite to start the race in front and his odds are somewhat declining. While Bet365 and William Hill have kept their odds unchanged at +110, other bookmakers such as SkyBet and 888sport have shortened them to +100. Rosberg’s odds to grab the pole position haven’t moved a tad from around +150, but given the price action at the winner market, I’d avoid backing him for Saturday’s qualifying session, even at +188 that are currently the highest available odds for him at Coral.
If I was looking for a longshot to bet on before the weekend, I’d take a close look at news on Ricciardo and Vettel. Since their pole position betting odds are also stable, I wouldn’t be surprised if they began shortening before Saturday, following the trend established in the winner market.
Formula One – Drivers Championship
Finally, interesting betting activity is apparent at the drivers’ championship market. Hamilton’s odds have been drifting for three months, whereas Rosberg, Ricciardo and Verstappen’s are dropping. Hamilton’s have once gone from a -200 favorite up to a +150 second favorite, when Rosberg’s odds dived to -140.
Nowadays, they both find themselves at top place in the championship betting market at almost identical odds.
Of course, only one may be crowned as the World Formula One Champion. Can any of the underdogs upset the market? The championship has still a long way to go, that’s for sure.
That’s a wrap for the F1 2016 Canadian Grand Prix. Ricciardo and Vettel might be the drivers I would risk a wager on and I’d definitely stay away from backing Rosberg, unless the trend reverses. Still, it would take a lot of drama in qualifying for that to happen. Come to think of it though, there’s plenty of drama in motorsports