F1 Fanatic

Right, first things first, this is a theoretical game: you don’t have to put you money where your mouth is. I got the idea for this as bit of fun because Autosport did it for a while, and since Keith is now running a betting column I thought it would be rather entertaining. Winner is the person with most cash at the end of the season!

The rules:

1) you start with £100.
2) We’re using William Hill odds: http://sports.williamhill.com/bet/en-gb/betting/y/11/Motor-Racing.html
3) As in real life, you can make bets as they become available, up until the start of qualifying. Post the odds you bet under at the time.

So, from the available bets:

Jenson Button to win the title: £10 at 7/1 (£80 return inc stake.)
Button to beat Hamilton over the season: £5 at 4/9 (£14.44 return)
Hamilton to win a race: £10 at 8/11 (£17.27 return)

£75 budget remaining.

oooh… Risky…

@Mathers Returns are spot on. Decent spread there!

Sounds like a fun game : )
I haven’t used fractional odds before, so please highlight any mistakes..

Kimi Raikönen wins the championship £10 (10/1) Returns £110
Perez beats Button £5 (2/1) Returns £15

Budget left: £85
Yep, I am a bit cheap, but I will rather spend the money betting for races rather the final outcome, otherwise I am probably going to run out of money to spend way too soon : )

@bendana
Ah thank you very much. That should make things a lot easier from now on. : )

What are the odds that somebody will enter, not place any bets then win because they still have their £100 and we all lost money? :P

Don’t give people ideas!

I want to compete but can anyone tell me how I can calculate the returns?

Thank you @tony-vandervell! Where are the odds?

My bets:
Alonso for champion: £15 (11/4) Returning £56.25
Hamilton to win race: £10 (8/11) Returning £17.27
Alonso to win Massa: £20 Returning £22
£55 budget remaining