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Yes they exist, special rules specifically of course for the purpose of betting on Formula 1 exist. And after reading the most recent article we have published here, you may have realized that you have no choice if you like to bet on Formula 1 but to just deal with them.

Well, there are a lot of things that the said rules try to say or to explain. But the first two of these things are the official qualifying time and team head-to-head bets.

In the past, bettors on Formula 1 encountered problem regarding the qualifying bets and the only way then to solve it was to set a rule that has something to do with the official qualifying time. The problem then was about how to determine exactly the winners of all qualifying bets. Thus, the rule that has something to do with the official qualifying time was formulated. The rule then obliged people in authority to use the official qualifying time of the Fédération Internationale de l’Automobile or simply the FIA to determine exactly the winners of all qualifying bets. The FIA has been the non-profit association that has been after the interests of motoring organizations and motor car users.

Also in the past, bettors on Formula 1 encountered problem on the team head-to-head bets and likewise the only way then to solve it was to set a rule but has only something to with the best classified car in the official FIA result. The rule then obliged people in authority to settle the bets based on the team with the best classified car in the official FIA result. And when the teams involved then didn’t have cars classified, team with the car that finished the most laps became the winner. But if ever then the best cars in both teams have finished the same number of laps, all bets should have been considered as void. Same thing if at least one of the teams has not started.

Good thing such rules were formulated and now established to guide everyone who is into betting on Formula 1. It is just so important these days to be able to set things in order most especially when it comes to gambling.