The Formula One motor racing championship is set to offer live in-race betting offerings for the 2020 season as part of its ongoing association with the Interregional Sports Group (ISG) agency.
ISG, F1’s sponsorship and data rights partner, will team up with sports data intelligence provider Sportradar to offer comprehensive live and pre-race odds, allowing the sport to embrace the market at a time when sports betting and engagement is seeing continued growth across the world.
Current pre-race odds already in place include driver markets – winner, podium and top 10 finishes – constructor markets, group winners, drivers to be classified, race head-to-heads and pole position head-to-heads.
As part of the deal, Sportradar’s Live Odds team have utilised never before released historical F1 data to create new live odds models set to be launched ahead of the 2020 season-opening Australian Grand Prix.
Using the exclusive data that F1 has made available, Sportradar will initially offer around 30 unique markets during qualifying and on race day. This will be further enhanced by markets beyond the podium positions, with in-team competition and driver head-to-heads developing on a race-by-race basis. Sportradar is also providing its integrity services to protect the sport from potential fixing risks.
Tony Ragan, joint chief executive of ISG Group, said: “F1 already has a huge global fanbase, unrivalled television audiences and provides a thrilling experience for both experts and newcomers to the sport.
“The potential for pre-race and in-race betting is huge and F1 itself is developing in a way that will continue to fuel opportunities for additional markets. This season’s introduction of a championship point for the fastest lap is a case in point.
“The potential for the betting markets was perfectly illustrated at the French GP where Sebastian Vettel who, despite a later tyre change, secured the fastest lap in the dying seconds of the race.”
Formula One first partnered with ISG in September 2018, overturning a near 40-year ban on gambling agreements.
David Lampitt, managing director of sports partnerships at Sportradar, added: “F1 remains an untapped market for bookmakers, despite it being one of the richest data driven sports in the world.
“This partnership enables us to roll out enhanced data-driven products, which will provide additional betting opportunities both prior to and during live races, creating the most comprehensive offering available anywhere.
“We’re looking forward to continuing to work with F1 and ISG to create insights from their unique data sets in a way that will both excite the market and help build customer engagement and interest across the sport.”