Italian Grand Prix (Monza F1) 2023 Betting Odds

Date:2023-07-07 Category: Sportsbooks
Italian Grand Prix

Are you ready to get your heart racing at one of the oldest, fastest, and most evocative circuits in Formula One? If you are a loyal motorsport fan, Monza is a must-visit. Part of the Italian Grand Prix, which is one of the longest-running events on the motor racing calendar, Monza is set to take place on September 03, 2023. Join me on this journey and get up to speed with everything you need to know about this heart-racing tournament and its betting odds projections.

 

But First, Things You Don’t Know About F1 And Grand Prix!

Italian Grand Prix

The Italian Grand Prix is one of the most prestigious motor races in the world. It has been held since 1921 and is the fifth-oldest national Grand Prix. The race has been held at the historic Autodromo Nazionale Monza intermittently since 1922 and continuously since the introduction of the Formula One World Championship in 1950. Monza is an iconic track that has been the site of many memorable events, including triumphant victories and tragic accidents. The Italian Grand Prix and the British Grand Prix are one of only two races that have been part of the Formula One World Championship every season since its inception in 1950. Ferrari has the most wins by a constructor with 20, while Michael Schumacher and Lewis Hamilton are tied for the most wins by a driver with 5 each. The circuit is 5.793 km (3.600 miles) long, and the race covers a distance of 306.720 km (190.596 miles) over 53 laps.

 

Formula One & Participating Teams

F1 racing has its origins in Europe during the 1920s and 1930s, where it developed from other similar racing events. In 1946, the FIA(Fédération Internationale de l’Automobile) introduced standardized racing rules, which became the basis for Formula One racing. The first “Formula One World Drivers’ Championship” took place in 1950.

 

In addition to the world championship series, there were also numerous non-championship F1 races. However, due to the rising costs of hosting these races, they were eventually discontinued after 1983.

 

Each F1 team is permitted to have a maximum of four drivers per season. The support staff of each F1 team is essential to the team’s success. They play a critical role in ensuring that the team performs at its best and help toward its success.

 

What Does “Grand Prix” Mean?

The word originated from the French language, where it translates to Great Prize. The ‘Formula One World Championship season’ is a series of Formula One races that take place over a period of time, which is typically a year. Each race in the season is called a ‘Grand Prix’ or simply GP. The collective races in the season are referred to as ‘Grands Prix,’ which is the plural form of the Grand Prix.

 

How Many GsP Are In A Season?

The number of Grand Prix races in a Formula One World Championship season has changed over time. In 1950, the first season had 7 races, which has gradually increased to a maximum of 20 races per year in 2012. Currently, a typical season consists of 19 to 20 Grand Prix races. For example, the 2023 F1 season has 24 Grand Prix races.

 

How Do Grands Prix Are Named?

Each Grand Prix race in a Formula One World Championship season takes place in a different country and is named after the host country. For instance, a Grand Prix race held in Australia would be called the Australian Grand Prix, while one held in Monaco would be called the Monaco Grand Prix, and so forth. The location of the Grand Prix within the host country can vary from year to year, with races taking place in the same or different cities.

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Italian Grand Prix Monza 2023 Schedule Breakdown And Dates

The race will take place over 53 laps of the 5.793-kilometer Autodromo Nazionale Monza on Sunday, September 3, 2023.

2023 Italian GP Monza Schedule
Event Date EST Track Time
Practice 1 Sep 01, 2023 15:00 – 16:00 13:30 – 14:30
Practice 2 Sep 01, 2023 18:30 – 19:30 17:00 – 18:00
Practice 3 Sep 02, 2023 14:00 – 15:00 12:30 – 13:30
Qualifying Sep 02, 2023 17:30 – 18:30 16:00 – 17:00
Race Sep 03, 2023 16:30 15:00

Broadcast & Live Stream Information: Where & How Can You Watch The Race?

Motorsport fans in the United States can watch the race live on TV through ESPN and ESPN Deportes. If you are a Canadian fan, RDS, RDS 2, TSN, and Noovo will cover the event. Below are some ways to watch the live stream of the race. Note that some options are location sensitive, and you should use a VPN like Express VPN to watch, while others require a subscription or payment.

  • ESPN provides live race coverage of the 2023 event, including practice, qualifying, and race results.
  • F1 TV Pro broadcasts every race live in 2023, including the Italian GP.
  • ORF is an Austrian broadcaster. You can watch the practice runs, qualifying, and race with German commentary for free.
  • RTBF is a Belgium channel covering F1 events with French commentary and offers a free stream of the practice runs, qualifying, and race.
  • Sky Sports will broadcast the race live in the UK.
  • TV offers ESPN2 and ABC, plus other sports channels. You can access it easily through your smartphone.

 

Who Is Favored To Win The 2023 Italian Grand Prix Monza?

We are now more than two months post-Italian Grand Prix event and the winners are already announced. Based on the performance of the teams and drivers, we anticipated that some drivers, Like Lewis Hamilton, may have an advantage. If he achieved the fastest lap at the 2023 Italian Grand Prix, he could establish a new record for the most fastest laps at a single circuit.

 

This would be his eighth fastest lap at Monza. In addition, a win for him in this year’s race would allow him to set a new record for the most victories at Monza. He is currently tied with Michael Schumacher for the most victories at Monza, with five each.

 

Meanwhile, if Ferrari could win the 2023 Italian Grand Prix, they would become the first team to have achieved 20 victories at a single circuit. The team has previously won at Monza 19 times, with their most recent victory being with Charles Leclerc in 2019.

 

If Fernando Alonso completed 10 laps of the 2023 Italian Grand Prix, he would become the driver with the most Grand Prix laps raced at Monza in F1 history. He has completed 880 laps at Monza to date, nine less than Kimi Raikkonen, who currently holds the all-time record.

 

How To Bet On The Italian Grand Prix 2023 Monza

The basics of F1 betting are pretty much the same as other sports. However, due to the nature of the sport, betting options are different. For example, in contrast to other sports where moneyline bets typically have only two or three possible outcomes, Formula One Grand Prix races have 20 drivers, resulting in a wide range of potential outcomes. This can make predicting the winner of the race more difficult, but it also provides more opportunities for finding value bets.

 

Betting Odds

GP races and F1 odds are typically listed in the American format. This means the favorite(driver/team with higher winning chances) will be designated with a negative sign, while the underdog(driver/team less likely to win) is shown with a positive sign. For example, if Max Verstappen is listed as -150, it means you should wager $150 to win $100 and a net profit of $250. On the other hand, George Russell, with odds of +200, indicates that the driver is less likely to win. But if he does, you would win $200 for a $100 wager and get a net profit of $300. Remember, positive odds offer higher payouts but are more risky as the outcome is less likely to happen.

 

Common F1 and GP Betting Markets

Available betting markets for Formula One and Grand Prix races are:

  • Outright winner: The most basic and straightforward type of wager. You should bet on the driver who you think will win the race.
  • Podium Finish: Podium means the top three finishers at the end of the event. Hence, in this type of bet, you should pick the driver you think will finish in the top three positions. This type of bet is a bit less risky than an outright winner.
  • Pole Position: In motorsports, position matters. The Pole position is where the driver starts the race, which can affect the race’s outcome. This position belongs to the fastest driver in the qualifying round. In this betting market, you will pick the driver you think is the fastest and will start from this position.
  • Driver Matchups: This betting type adds a little twist to the outright option. Here, you will pick the driver you think will finish ahead of the other in a head-to-head matchup.
  • Props: Like other sports, GP props involve betting on events that may happen during the race and are independent of the race outcome.
  • Futures: This category involves betting on future events, like who will be the 2023 F1 Champion at the end of the season.

 

I have reviewed the basics and most important points of F1 betting. However, there is more to this; you better learn all the ins and outs of Formula One betting before the race starts. For example, you should learn the sport rules and scoring system. Also, drivers’/teams’ past performance and present form are pretty important for placing a successful bet. Check out our comprehensive guide on F1 betting to learn how to place rewarding bets, read odds, and avoid rookie mistakes.

 

Monza F1 2023 Results: 10 Formula 1 Wins In A Row!

On Sep 03, 2023,  Max Verstappen from Red Bull won the 14th round of the 2023 F1 World Championship at Monza with 25 points and set an insane new record of 10 consecutive F1 race wins. Let’s quickly review where it all started.

 

It all started in Miami, where he passed Sergio Perez, won, and started his chain of victories. Then, the Emilia-Romagna Grand Prix was canceled due to heavy flooding, and we headed to the Monaco Grand Prix, where Max won the race by 27 seconds. After Monaco, we went to Spain, and he won the race by 24 seconds.

 

Canada was the fourth victory, where Max won by 9 seconds. Then, we went to Austria, where he won for the fifth time in a row. Silverstone, the F1 British Grand Prix, was his sixth win, where he passed Norris and won the race. In the Hungarian GP, Hamilton took pole with an amazing lap in The Mercedes, but the race ended up with Max being the winner by 33 seconds. It was the seventh victory in a row, putting Max Verstappen in the ranks of Nico Rosberg, Alberto Ascari, and Michael Schumacher.

 

Then it was Belgium, the good old Spa, where he won both the Sprint Race and the Grand Prix. It allowed him to move into the summer break with 8 race win streak. Then, he came back to Zandvoort GP and won in a difficult race, marking his ninth consecutive win. This victory put Max among the only two drivers in F1 history to win nine consecutive races in a single season. And finally, Monza, where he set the record for 10 consecutive race wins in a single F1 season.

 

Carlos Sainz from Ferrari was first in the Monza 2023 starting grid, but Max started to attack him from lap six. Sergio Perez from Red Bull finished second with 18 points, and  Carlos Sainz ended up in third place with 15 points. 

 

Wrap Up

In conclusion, as one of the most historic and exciting races on the Formula 1 calendar, the Italian Grand Prix 2023 will surely provide plenty of thrills and excitement for fans around the world. While it is difficult to predict who will win the race, based on past performance, teams like Mercedes, Red Bull Racing, and Ferrari will likely be strong contenders. Whether you’re a die-hard F1 fan or a casual viewer, the 2023 Italian Grand Prix is not to be missed. Be sure to check out the full weekend schedule, including practice and qualifying sessions, support races, and special events, and keep an eye out for our latest news and updates. Remember, successful F1 betting requires research, strategy, and a bit of luck. By following our expert tips and strategies, you can increase your chances of winning and potentially make more money betting on GP races.

 

See also  How to Bet on Formula 1 , Tips and Odds
See also  Beyond The Grid: Monaco Grand Prix 2023 Betting Guide
See also  Guide To The 2023 Indianapolis 500: Indy 500 Predictions

 

Italian Grand Prix FAQs

  • What Is Pit Stop In F1?

    In every Formula One race, all drivers are required to make at least one pit stop to change their tires. By accurately predicting the timing of pit stops, you can increase your chances of making successful bets on F1 races.

  • Which Grand Prix Is Considered The Most Prestigious In F1?

    The Monaco Grand Prix is widely considered to be the most prestigious race in F1. The other two are the Indianapolis 500 and the 24 Hours of Le Mans.

  • Who Won The 2022 Italian Grand Prix Monza?

    Max Emilian Verstappen, a Dutch-Belgian racing driver, won Monza Italian GP in 2022. He is also the 2021 and 2022 F1 World Champion.

  • Why Has Formula 1 Canceled The Emilia-Romagna Grand Prix In Italy?

    It has been canceled due to the region's heavy rain and deadly flooding.

  • How Many Races Need To Be Completed For The F1 Championship To Be Considered Valid?

    According to the FIA's Statutes, at least 8 races must take place for a season to be considered valid.

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