How to Bet on the Monaco Grand Prix

No sporting event focuses the attention of the world on the Principality of Monaco like the Monaco Grand Prix. Among all the races on the Formula One calendar, its uniqueness makes the Monaco Grand Prix stand out in the crowd.

An exceptional marriage of glamour and renown, the Monaco Grand Prix is considered to be one of the most important and prestigious automobile races in the world. It is often cited alongside the 24 Hours of Le Mans and the Indianapolis 500 as the Triple Crown of auto racing excellence. Contested since 1929 through the streets of Monaco, despite the low average speeds of the race, the many elevation changes, tight corners and a tunnel make this course one of the most demanding and more dangerous tracks in Formula One. During the 1996 Monaco Grand Prix, just three cars crossed the finish line due to attrition.

This year’s race will be held May 23rd on the Circuit de Monaco, did you know that you can bet on the Monaco Grand Prix at Canadasportsbetting.ca? In fact, there are numerous varieties of wagers that can be placed on the race, so there’s something for everyone, from the seasoned F1 aficionado to the newbie who just wants to add a little fun to their enjoyment while watching this historic event.

Outrights

Certainly the most common and easiest wager to decipher on the race is who is going to win? Among active drivers, reigning world champion Lewis Hamilton owns the most victories at Monaco, taking the checkered flag three times, most recently in 2019. Hamilton also won in 2016 and 2008

Sebastian Vettel was race winner twice, including a victory in 2017. Fernando Alonso also shows a pair of Monaco victories on his resume, but none since 2007. Daniel Ricciardo was the 2018 Monaco winner.

Another option in outright betting is to wager on which constructor will take the race. Mercedes has won five of the past seven Monaco Grand Prix events, but just one of the past three, in 2019. Ferrari won in 2017 and Red Bull in 2018.

Podium Finish

Perhaps you like a driver to be among the front runners, but are not certain they’ve got the car to run up front. In that case, a podium finish is the wager for you. Think of it as being similar to betting a horse to show in a race. You’ll cash a winner as long the driver you’ve wagered on finishes among the top three.

A solid play on this wager is Vettel. He’s proven to be the most consistent driver at Monaco in recent years. Over the past seven races, he’s never finished lower than fourth.

Matchups

A fun way to reduce the odds in your favor when wagering on the Monaco Grand Prix is to play a matchup bet.

With this type of wager, you are given two drivers, say for instance, Valtteri Bottas and Sergio Perez. You wager on the one that you think will post the better finish the race. Each driver is assigned a betting line based upon which one the oddsmakers believe is likely to turn in the better performance.

This is the kind of wager where playing an underdog isn’t a bad strategy. Considering the litany of mechanical failures and cars being collected in wrecks, the chances of a top driver not making it to the finish line are greater in Monaco than in any race during the F1 season.

Qualifying

Before the race starts, the drivers compete for spots on the grid via qualifying. And yes, you can bet on this as well.

Who will win the pole position? Wagering is offered on this outcome. There are also side bets on where each driver will finish during the qualifying session. An interesting tidbit to file away – the powerful Mercedes team has qualified on the pole just once over the past three Monaco Grand Prix races.

Qualifying has proven vital to race winning at Monaco. You have to go all the way back to that war of attrition in the 1996 Monaco Grand Prix to find a winning driver who didn’t qualify among the top three places on the grid. Olivier Panis won that year after starting from the 14th position.