What the Latest F1 Odds Tell Us About Lewis Hamilton, Nico Rosberg and the Rest

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What the Latest F1 Odds Tell Us About Lewis Hamilton, Nico Rosberg and the Rest
Clive Mason/Getty Images

With three races of the 2014 Formula One season behind us, it's a good time to revisit the latest betting odds to see who the bookies think are the real contenders.

Odds are a great way to get an idea of what is really going on behind the headlines. Bookmakers are open to huge losses if they get their odds badly wrong, so they make use of a variety of well-informed sources and experts to craft their odds.

Their aim is, of course, to make money. The favourites will be set at very short odds, often as a deterrenta heavily backed favourite coming out on top equals a big loss.

Those with less chance of success will have longer oddsbut not too long, unless failure is a near certaintyto tempt us into backing them. A long-odds winner tends to equal a substantial overall profit for the bookie.

Substantial wagers (usually in the tens of thousands of pounds) placed also affect odds, but these are rarely made without a bit of inside knowledge.

So here are some of the latest odds, and what they tell us about the chances of the drivers and teams.

 

All odds are taken from comparison site Oddschecker.com, and are correct at the time of writing.

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