How to Bet on Formula E and its Potetial

Formula E launched in the early 2010s with 10 teams and 20 drivers. Today, it runs 16 races across major cities. Despite the overall non-welcome attitude, this sport engages more than 400 million viewers worldwide and generates $1.2 billion in betting handle annually.

In addition to the main concept of race, all drivers can use different features like Attack Mode and Fan Boost.

The Attack Mode can get you an extra power, up to 25kW, but only for a fixed time. To activate it, you need to drive through specific zones, typically gaining 4-6 seconds of enhanced performance per activation.

For the Fan Boost, you get 100kJ of bonus energy, but the activation is a bit tricky. You need to be the most popular driver to get this bonus. When we talk about popularity, it means that over 250,000 fans vote per race weekend.

The energy you get from the Fan Boost equals roughly 3-4 seconds of racing advantage when deployed strategically.

At the beginning of the Formula E season, there were massive odds swings. The 2014-15 season recorded odds movements of 300-400% during single races as bookmakers learned to price electric racing variables.

Mobile betting accounts for 78% of Formula E wagers compared to 45% for F1. Average bet sizes run $23 for Formula E versus $67 for traditional motorsport, but bet frequency is 340% higher.

Formula E viewers are an average of 32 years old, compared to F1’s 47. Women comprise 35% of the Formula E audience versus 15% for F1.

Each Formula E car gets exactly 52kWh of usable energy per race. Drivers must complete 45 minutes plus one lap within this allocation. Energy consumption varies by 12-18% depending on track temperature.

Hot weather above 25°C reduces battery efficiency by up to 15%. Rain can improve energy consumption by 8-10% but makes Attack Mode zones more dangerous.

Betting markets now include energy management props, Attack Mode usage totals, and technical failure odds. Some platforms offer real-time energy percentage betting that updates every 30 seconds during races.

In jurisdictions with strict gambling regulations, bettors sometimes use bookmakers not registered with GamStop to access specialized Formula E markets unavailable through mainstream operators.

Formula E broadcasts provide live telemetry showing exact energy remaining for each car. Betting platforms update odds multiple times per lap.

Popular live markets include next Attack Mode activation (odds typically 2.5-4.0), total safety car laps (average 3.2 per race), and whether specific drivers will finish without energy penalties.

The 2023 season saw 847 different live betting markets per race compared to 203 for comparable F1 events.

Formula E’s technical regulations produce close competition. The 2023 season had 8 different winners in 16 races. Championship battles typically continue until the final round, keeping season-long betting active.

Race winners come from an average starting position of 4.7, significantly higher than F1’s 2.1. This unpredictability makes the qualifying position less influential on race betting odds.

The points system awards 25 for wins, 3 for pole position, 1 for fastest lap, and 3 for most positions gained.

Formula E betting volume grew 400% between 2019 and 2023. The series generated $312 million in betting handle during 2023, up from $78 million in 2019.

Gen3 cars introduced for 2023 feature 470hp peak power output and accelerate 0-100km/h in 2.8 seconds. Betting participation increased by 23%.

Manufacturers including Porsche, Jaguar, Nissan, and DS invested over $2 billion in Formula E technology development.

Formula E races across different regulatory jurisdictions, creating varying betting opportunities. Singapore events generate average handles of $2.8 million while European rounds average $4.1 million.

Operators in Curacao and Malta licensing often provide unique markets like energy efficiency betting and technical component failure odds unavailable in more regulated markets.

The global calendar spans six continents with races across all time zones.

Modern Formula E betting employs machine learning algorithms processing real-time telemetry. Energy consumption predictions achieve 87% accuracy when factoring in weather, track temperature, and driver history.

Predictive models analyze over 200 data points per car per lap, including battery temperature, regeneration efficiency, and tire degradation rates. This analytical depth enables precise live odds calculations.

Some operators report Formula E produces 340% more data points per race than traditional motorsport.

Formula E plans 18 races by 2026 with an estimated global audience reaching 600 million. Industry analysts project betting handle could reach $2.5 billion annually by 2027.

Electric racing expansion includes Extreme E, electric touring cars, and potential electric F1 support series.

For the betting world, it is necessary to continue implementing new tactics for Formula E promotions and provide more contracts to drivers and brands. The tendency for electric cars is growing, so the market and punters will likely continue to bet on this sport.