One of the most important Formula 1 races is right around the bend. The Monaco GP is a racing event with a rich history and lots of excitement. Learn more about Monaco Grand Prix betting and find the best offers right down below.
Introduction to the Monaco Grand Prix
The Monaco Grand Prix is typically held in late May or early June. It’s a one-day event forming the Triple Crown of Motorsport with the 24 Hours of Le Mans and the Indianapolis 500.
Races have been held on this track since 1929, so it’s obvious why it has such a big importance in the world of motorsport. Since then, 81 editions of the GP have been held, with Ayrton Senna holding the most wins (six) over any other driver who competed at this race. Senna is also the only driver who managed to make five consecutive victories at the Monaco GP.
With the circuit length of 3.33 km and total race length of 260 km, the Monaco GP is the only Grand Prix that doesn’t adhere to the minimum F1 race distance mandated by the FIA. This is a street race across the city of Monaco and through the Monte Carlo harbour, meaning tight corners, variable elevation, and lots of narrow passages.
A dangerous race indeed, often involving deployment of the safety car, something to keep in mind for the Circuit de Monaco betting. But, with such prestige and history behind it, the drivers will push themselves to the limit when competing at the Monaco Grand Prix.
Key Factors to Consider When Choosing a Monaco GP Betting Site
In the vast sea of the betting industry, you’ll find hundreds, even thousands, of betting sites. Obviously, it would be impossible to register an account with each of them, try them out, and then decide whether they’re worth it. So, how do you pick an ideal Monaco GP betting site for your needs?
A good starting point is to first check whether they offer Monaco Grand Prix betting at all. While most bookies cover Formula 1 races, some may not have markets for the Monaco GP. That’s why we recommend checking first. Alternatively, you can use the list on this very page, as each of these bookies offers betting on the Monaco Grand Prix.
Once you’ve picked some sportsbooks to consider, you should evaluate their other features to pick the best site. Specifically:
- License and reputation: A respectable bookie should own a valid gambling license and have good reviews, confirming their legitimacy. You can find more about each bookie in our sportsbook reviews, including their betting offers.
- Betting offers: Bookmakers are enticing new customers to sign up with welcome bonuses and ongoing promotions. But, do note that not all Monaco Grand Prix betting sites also offer bonuses and promotions valid for this race or even F1 at all. Read the terms of each promotion carefully and pick those that are worth your time.
- Monaco GP betting markets: An important piece of the puzzle is knowing whether a particular betting site is good for Monaco GP betting. What kind of bets can you make? Do they offer a variety of betting markets? Can you combine the bets through a Bet Builder? Of course, this all needs to match your betting preferences.
- Monaco Grand Prix betting odds: Shopping for betting odds is a common practice for any kind of sports betting. Compare the bookies and choose those that give you more value for your money with better odds and lower vig.
How to Bet on the Monaco Grand Prix
Placing a bet on the Monaco GP doesn’t differ much from betting on any other F1 race:
- Browse our list of online sportsbooks that offer Grand Prix Monaco betting, read the reviews, and make an account at the site that suits you the best.
- Log in to your betting account and verify your identity (if requested) to unlock all the features.
- Place a deposit into your account and collect any betting bonuses along the way. Make sure you’ve checked that your deposit qualifies for the welcome offer.
- Navigate to the Formula 1 section of the sportsbook.
- Find the Monaco Grand Prix betting section.
- Select the market(s) you wish to bet on, add them to your betting slip, and confirm the selection.
Popular Monaco Grand Prix Betting Markets
Formula 1 betting is, by definition, an exciting endeavour. The thrill of these races starts from the training stage and doesn’t stop until you see that checkered flag wave. Since the races aren’t short, you have plenty of betting opportunities, both pre-match and live, as well as a variety of markets.
This all can be said about the Monaco Formula 1 Grand Prix betting markets. Here are the most popular markets you’ll encounter at betting sites when you’re placing bets on this Grand Prix.
Monaco Grand Prix Race Winner
The most popular market for Monaco GP betting. You simply select which driver you believe will win the race, but you can combine it with other markets in an each-way bet. Alternatively, you can bet on the winning team to increase your chances of winning.
Podium Finish
A bit safer option, this is a bet where you’re predicting whether a particular driver will get the podium finish, as in at least 3rd place in the race.
The Fastest Lap
Instead of betting on a winner or podium finisher, you can bet on who’ll make the fastest lap around the racecourse. This is only for the actual race, so the practice and qualifier runs do not count towards it.
Safety Car
A simple, fun bet you can make for any Formula 1 event. Betting on whether the safety car will be deployed during the race can be lucrative by itself, but it’s also a great bet to combine with any of those listed above.
Monaco GP Betting Tips and Strategies
As with all F1 races, the general rule of thumb is to get acquainted with the history of the race, but also follow the drivers’ form throughout the season and especially in the weeks leading to the Monaco GP.
Weather plays a significant role in the outcome of the race. Circuit de Monaco is one of the most demanding F1 races due to tight corners, a tunnel, and variable elevation, so any rain on the track can impact the drivers’ performance. It’s very common to see a safety car during this race for these exact reasons.
When choosing the markets, the most common choice is the race winner, followed by the podium finish. We previously mentioned that it’s a good idea to combine two or more markets or, ideally, find the combo bets for the Monaco GP so you can maximise your winnings. Prop bets like safety car appearance, number of takeovers, and number of finishers are also a great option to mix up the things on your bet slip.
Obviously, we still recommend managing your bankroll and taking advantage of any sports betting bonuses as long as they can be applied to the F1 bets. Also, shop around for good odds. Bookies frequently update the odds before the race starts, so try to catch some good deals that will give you the best bang for your buck.
