{"id":116,"date":"2019-10-03T14:17:25","date_gmt":"2019-10-03T14:17:25","guid":{"rendered":"https:\/\/sportbetting.ph\/?page_id=116"},"modified":"2021-10-25T13:03:12","modified_gmt":"2021-10-25T13:03:12","slug":"f1-betting","status":"publish","type":"page","link":"https:\/\/sportbetting.ph\/f1-betting\/","title":{"rendered":"F1 Betting Guide in the Philippines - How to bet on Formula 1"},"content":{"rendered":"\n
F1 betting in the Philippines is currently on the rise due to Formula One’s growing interest in Asia, particularly eyeing to expand in the Philippines. Formula 1, in 2019, even went ahead to file for a trademark of the Grand Prix with the Intellectual Property Office of the Philippines.<\/p>\n\n\n\n
The legality of F1 betting in the Philippines<\/h2>\n\n\n\n
The Philippines’ government manages gambling through the Philippine Amusement and Gaming Corporation and the First Cagayan Resort and Leisure Corporation. F1 betting online is legal in the country. According to a court ruling made in 2012, online gambling is fully legal. Several laws exist to support online betting, including House Bill 8910 of February 2019.<\/p>\n\n\n\n
Formula 1 Betting<\/h2>\n\n\n\n
The Philippines has a prominent name and global recognition in the field of sports betting. The country is a nerve center for the worldwide operators of online betting. It is in this regard that Filipinos are passionate when it comes to Formula 1 betting. Philippines has a gradually growing sports betting industry with numerous websites for F1 betting, giving Filipino gamblers a broader market for betting. Laws and regulations supporting gambling in the country also make it easy to pursue F1 betting.<\/p>\n\n\n\n
Most Popular Bet Types in F1 Betting<\/h2>\n\n\n\n
Advancements in technology have made it easier for an eruption of several betting sites that offer different bet types. Below are some popular bet types for F1:<\/p>\n\n\n\n
Outright Betting on Formula 1 Races<\/h3>\n\n\n\n
The outright type of betting involves placing a bet on the winner or a particular Grand Prix. There are different Formula 1 odds available for the various F1 drivers, in which you select one of whom you think will win a specific race and place a bet on them. It is a more straightforward type of bet hence best for amateurs in Formula 1 betting. A gambler has to choose from the Formula 1 betting odds offered, enter the desired amount you wish to place, and receive a potential payout. There is a different criterion for outright betting whereby you are allowed to predict which driver finishes in what position, usually the top three spots.<\/p>\n\n\n\n