Just a few years ago it would have been impossible to imagine an F-1 betting event being held in communist China.
Certainly during Mao’s day such a Western bourgeois sports betting indulgence like an F1 odds competition would never have even been considered. But much has changed in the Middle Kingdom over the past few decades and the upcoming Chinese Grand Prix is proof of that.
On April 18th the auto racing world will descend on the Shanghai International Circuit to witness the fourth race of the 2010 F-1 betting calendar. First held in 2004, the Chinese Grand Prix has quickly become one of the most high profile F-1 odds event on the circuit. Shanghai is quickly becoming one of the biggest financial centers on the planet and it’s got plenty of sports betting glamour to attract a wide audience for annual F-1 betting event held here.
After three races the F-1 betting is wide open. Ferrari sits atop the Constructor Cup standings with 76 points, but it’s hardly dominated the auto racing betting this year. The team finished 1-2 at the opening F-1 odds event in Bahrain but it’s seen it’s point total fall precipitously over the last two races. McClaren now sits just 10 points back in the sports betting competition with 66 points through three F-1 wagering events and Red Bull’s making a hard charge after finishing 1-2 at the Malaysia F-1 wagering event.
Ferrari driver Felipe Massa currently sits atop the driver standings but his lead hardly seems safe. Teamate Fernando Alonso is just two points back in the sports betting standings as is team Red Bull’s Sebastian Vettel. Jenson Button sits just 4 points back, as does Mercedes Driver Nico Rosberg.
Vettel is hottest driver in the F-1 odds right now and Team Red Bull should be able to capitalize in their recent success in the F-1 wagering. As such, Vetel should be the F-1 wagering odds favorite heading into Shanghai’s sports betting event.