Motor sports betting is increasingly gaining popularity not only in the Philippines but also globally. This is as a result of growing interest by fans in motor sports. Motor racing betting offers players a chance to gain profits by staking bets in various sports such as Formula 1, NASCAR and MotoGP.
Top Bookmakers for Motorsports Betting 2024
Legality of Motor Racing Betting in the Philippines
Betting on sports events including motor racing betting is duly legal in the Philippines. Motor racing betting in the Philippines is not considered a violation of the country’s gambling laws. Philippine Amusement and Gambling Corporation (PAGCOR) is the body mandated with the regulation and licensing of gambling entities.
Popular Motor Sports to Bet on
The world of motorsports offers a wide array of exciting sports for one to place bets. The most popular motorsport in the world is Formula 1 (F1). Apart from F1 betting, there are several other popular motor sports such as MotoGP, NASCAR, Superbikes, Indy car, and World Rally Championship (WRC). NASCAR betting is an opportunity for one to diversify their bets in the motor racing betting segment.
Most Popular Bet Types in Motor Racing
No matter if you’ve just discovered your betting side, or you’re a veteran in this entertainment, wondering what type of bet to place will always be a top question. Here are some of the most popular ones:
Outright Betting on races
This one is also referred to as a winning bet. The bet type allows players to select a driver with the highest odds and one that you think is going to win the race. If the driver chosen emerges victorious in a particular motor race, then you win your bet. But if the driver comes second or any other position despite leading in all other laps, the bet will be lost.
Long-term Betting
As the name suggests, this is a type of bet that is spread over a long period of time. Players bet over outcomes that will be determined at the end of the season of competition. Formula 1 and NASCAR offer the best example of long-term betting in motor racing betting. The bets are placed before the beginning of a championship as the odds are high then. When the season starts and a favourite emerges these odds change so these types of bets are not that profitable after the season starts. F1 odds for long-term betting are usually larger than any other betting types.
Live Betting
This is a type of bet that is usually widely available on online betting platforms. A player has a chance to stake a bet while a race is already underway. It is possible for those who follow the motor racing live stream, which takes several hours to decide different results. These include MotoGP betting on the fastest lap or those riders who would not finish races.
Qualifying Betting
Markets in Formula 1and MotoGP are examples of motor racing betting markets that allows fans to predict the outcome of a qualifying session. In this category of betting, prediction of who will qualify in pole position and the fastest lap time is played. Qualifying bets are one of the most popular in motor racing betting and have high odds.
Leading Online Betting Sites for Motor Sports
If you’re a motorsports enthusiast, you sure want only the top websites to place your bets at. The ones below were carefully selected so you can have great user experience and awesome features you can enjoy anytime you’re in a “betting” mood.
Spin Sports
Spin Sports is a betting platform licensed by the Malta gaming authority. It is one of the market leaders in the Philippine motor racing betting market. The platform offers a 94% payout which is impressive. However, it does not have live streaming services and does not accept digital currencies like Bitcoin.
22Bet
One of the leading online sports betting platforms in the Philippines is 22Bet. 22Bet offers a high payout ratio of about 97.8% to their Filipino players. They are easily accessible on mobile applications and offer motor racing betting. Moreover, it is a popular platform due to their high signup bonus for new customers. 22Bet allows for flexible transactions.
BetWinner
BetWinner operates under the Curacao license that is legal and regulated for Filipino players. The gambling operator has gained popularity in the online sports betting world. It offers players a chance to stake in NASCAR gambling, F1 betting and has competitive MotoGP odds. The online casino accepts deposits in different currencies such as SEK, USD while also accepting digital currencies like Bitcoin.
Motor Sports Betting Apps to Bet on the Go
Various online betting sites are also available on mobile applications for both android and Apple operating systems. These betting Apps allow users to participate in several motor racing betting like NASCAR sports gambling while on the go. The Apps include 1XBet, 22Bet, and Betwinner mobile Apps. Playing online has been made easier by these Apps as they are easy to use.
Conclusion
Motor racing betting is a thrilling way to make profits from playing motor sports bets of player’s favorite games. Online sports betting in the Philippines is legal and regulated, ensuring it is not a scam. Players have a chance to enjoy hefty signup bonuses, secure deposits, and high odds offered by motor sport betting.
FAQs About Motor Sports Betting
?? Can I Legally Bet on Motor Sports in the Philippines?
Yes, it is perfectly legal to bet on Motorsports in the Philippines as there are no laws prohibiting gambling within the precincts of the country.
?? Is it profitable to bet on Motor Sports?
Indeed Motor sports betting is a profitable venture due to the competitive motor racing odds offered. However, profitability depends on the stake amount and outcomes.
? Can I watch live stream races on my phone?
Yes, there are mobile apps available, which allow for motor racing live streams.
