70 Years of Formula One

Source: Statista

70 years ago, on 13 May 1950, the inaugural Formula One World Championship Grand Prix took place at Silverstone in the UK. The race was won by Italy’s Giuseppe Farina in an Alfa Romeo 158 on Pirelli tyres in a time of 2 hours 13 minutes. A lot has changed since then and to show how far things have come in terms of speed, here’s a comparison of the first Grand Prix at Silverstone and the latest, 1,006 races later:

1950 Circuit length: 4.65km Fastest lap: 1:50.6 (Farina)

2019 Circuit length: 5.89km Fastest lap: 1:27.4 (Hamilton)

Aside from the speed gained from developments in technology, safety has been one of the greatest advancements in the sport in the modern era. Helmets were only made compulsory in 1952 after the death of Luigi Fagioli and six-point safety harnesses were only mandatory from 1972. Highlighting the progress further, the fatal accident which claimed the life of Jules Bianchi in 2014 is the most recent the sport has had to endure and was itself the first since Ayrton Senna lost his life at Imola in 1994.

Deprived of Sports, Gamblers Wager Outside Their Home Turf

Source: Statista

One side effect of the sports world being put on hold is that the betting industry is forced to find creative solutions as to retain at least a fraction of its usual revenue. And while sports bettors can always cast their keen eyes on countries such as Belarus, Nicaragua and Tajikistan, which are among the few countries carrying on with professional sports, many are willing to get creative when looking to place a wager.

According to a recent survey by Morning Consult, regular sports bettors are willing to bet on pretty much anything in the absence of professional sports. Amazingly, 41 percent would even put a wager on COVID-19 statistics, which many would consider to be in bad taste. As the following chart shows, gamblers would also be interested in betting money on political elections, the weather or current events, with the aforementioned foreign (and some would say exotic) sports leagues less fancied by regular sports bettors.

Interestingly, e-sports, a category many sports betting companies are embracing these days, doesn’t tickle the fancy of sports bettors. Only 28 percent of those respondents regularly betting on sports are interested in wagering on the digital sports world.