Monaco Grand Prix

The Monaco Grand Prix is one of the biggest Formula 1 events, and it is run every year. It is very popular with online sport betting sites. It is organized by Automobile Club de Monaco. The circuit, known as the Circuit de Monaco, is 3.337km in length per lap and the total number of laps that make up the race is 78 minimum. It forms what is known as the Triple Crown of Motorsport alongside Le Mans 24 hour and the Indy 500, and is part of the Formula One Championships.

It is not a purpose-built racetrack; it is actually a road race though the streets of the very glamorous city of Monte Carlo. As the streets are very narrow and comprises of several turns, changes of elevation and a tunnel, it is considered to be one of the most challenging Formula 1 races.

History of the Monaco Grand Prix

History of the Monaco Grand Prix

The first Monaco Grand Prix ran in 1929 and was won by William Grover-Williams driving a Bugatti, however, only the year before the application for the race to be upgraded to national status was declined, the Monaco Grand Prix almost did not exist.

This was because the proposed racetrack utilized roads mainly within other countries that bordered Monaco. To get around this issue, the track was created on the streets of Monte Carlo. It also meant that this track was much shorter than the usual Formula One racing tracks, however, what they lack in length they make up for in the number of laps.

History of the Monaco Grand Prix
What is Formula 1?

What is Formula 1?

Formula 1 racing, often abbreviated to F1, is a motorsport that is internationally known. It is governed by the International Automobile Federation (Fédération Internationale de l'Automobile) and the aim is to win the race, however there are a list of rules that must be followed while doing so.

Formula 1 leagues races are all over 305km and the winner is the driver who completes the race in the fewer laps.

During the Formula One season, a series of races known as Grand Prix are run around the world. Most of them take place on purpose built race tracks, but some, like Monaco are ran on roads within the city that are closed off to the usual traffic. The Formula 1 Championships are a big draw for the best online bookmakers.

What is Formula 1?
Prize pot of the Grand Prix

Prize pot of the Grand Prix

There is a large sum of money at stake for all participants of the Monaco Grand Prix. Currently, the prize pot stands at around $1 billion, which is split between participants in a fairly complex way. The top 10 finishing teams get about half of the pot on a sliding scale, with all other participants receiving about $10 million each provided they have finished in the top 10 2 out of the previous 3 years.

Prize pot of the Grand Prix
Popularity

Popularity

The Monaco Grand Prix attracts a huge number of spectators each year, roughly 100,000 people descend on the city of Monte Carlo to catch a glimpse of the action from the side-lines, and if you count the spectators from hotel and apartment balconies and those that hire yachts to get a great view from the marina, you can double that number easily.

From a whole list of sports tournaments, Formula 1 remains one of the most popular to see live, watch on TV and bet on.

Popularity
Well Known Formula 1 Drivers

Well Known Formula 1 Drivers

Ayrton Senna is the only driver to have won at the Monaco Grand Prix 6 times. 5 of these wins were consecutive between 1989 and 1993. Graham Hill and Michael Schumacher are the only 2 drivers to have ever gotten close to that record, both winning 5 times each.

Sir Lewis Hamilton, who has won the Monaco Grand Prix 3 times, is still racing today, and is one of the biggest names in the sport. Max Verstappen, the 2021 Monaco Grand Prix winner was only 23 when he stood on the winners podium.

Well Known Formula 1 Drivers
The Best Monaco Grand Prix betting sites in 2022

The Best Monaco Grand Prix betting sites in 2022

There are many great betting sites for anyone wanting to place a wager on the Monaco Grand Prix, or formula one races in general. It is best to choose a site that allows betting on a list of sports tournaments, including major formula one tournaments, rather than have a limited selection.

Reputable sites will offer a variety of sports to bet on, and most are easy to use online. Sites like 888 Casino and BetVictor will also offer a range of bonuses, including welcome bonuses for people who are registering with them for the first time. This means that with these sites, your money will go much further.

Some online betting sites, like William Hill, also have betting shops that you can go into to physically place a bet. This is ideal for those who want to bet on the next race, but who aren’t able to use an online mobile betting site for whatever reason.

Some people like to sit and watch the race live, which you are able to do in the betting shop, surrounded by like-minded people all cheering on their chosen driver.

The Best Monaco Grand Prix betting sites in 2022
How to bet on Monaco Grand Prix

How to bet on Monaco Grand Prix

Betting on the Monaco Grand Prix couldn’t be easier. First you need to find yourself a reputable online betting site, as stated earlier. Check out reviews, deposit methods and their responsible gaming policy.

Once you are happy with your chosen site, create an account and link your payment method to it. Most sites take debit and credit cards, some will also accept PayPal and other e-wallet payments.

Pick your chosen race from one of the Formula one tournaments, decide who you want to win, based on whatever strategy you wish (some people like to just pick a name from a hat!) and place your bet. The site will be clear about your odds, the higher the odds the bigger the return – but also less likely to come to fruition. Then sit back and watch the race unfold.

If you win, the amount you have won, depending on the odds you had, will be paid automatically into the account online. To withdraw this, you will need to go into the account to request it.

Normally the withdrawal of winnings will only go back onto the card (or payment method) the money came out of, so if you paid via credit card, you will not be able to withdraw to your PayPal, for example.

How to bet on Monaco Grand Prix