Formula 1

Chase Carey speaks with Christian Horner, Red Bull Team Principal.

Chase Carey finally comments on Formula One's betting deal that angered fans

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The F1 Drivers' and Constructors' Championship may be done and dusted for another year, but earlier this season, Chase Carey and Liberty Media struck a deal to inject some interest in the races for the spectators and fans who have had to watch a sport getting duller and duller by the year.

Whilst fans most likely won't be able to bet on the outcome of any more scuffles such as the one between Max Verstappen and Esteban Ocon after the Brazillian Grand Prix, fans will be able to bet on in-play markets during a race, much like football and other sports across the globe.

The deal, struck with Interregional Sports Group, allowed the company to issue data and rights to betting companies around the world to offer markets for punters throughout the course of a race.

Whilst betting has always been a rife topic in other sports such as football, cricket, horse racing and cricket, Formula One has always been somewhat immune to betting, especially with the sport being a one-horse race since the days of Lewis Hamilton and Felipe Massa battling for the 2008 Drivers' Championship that ended with a thrilling conclusion in Sao Paolo. 

But Carey has backed the deal, claiming it will increase the experience for racing fans.

“I think with betting obviously we have responsibilities that go with it," said Carey

“We want to make sure it’s done in a healthy way, we want to make sure it’s done with proper integrity tools around it.

“But I think it’s clear that fans enjoy it, I think it makes it more interesting, it makes it more exciting. 

“As an American, I look at in some ways like fantasy football, which is a great enhancement to the NFL. Here’s a form of fun betting. 

F1 Grand Prix of Singapore

"I think that type of engagement in a sport widens its appeal to others, it makes the experience better, and obviously it’s a business opportunity for us.

“It’s both a sponsorship element and providing a more expanded an interesting set of opportunities to engage with the sport and bet on things that may not be available."

When the deal was announced, and the news broke, it angered a lot of F1 fans, who were not pleased with the sport for promoting gambling.

“People can obviously bet on the sport today, so betting on the sport is not new, but I think we can provide new and interesting ways.

“I think we have to make sure we have integrity and disciplines around to make sure that with anything one bets on there is a proper oversight, and it’s properly policed and maintained.”

Topics:
Nico Rosberg
Valtteri Bottas
Sebastian Vettel
Max Verstappen
Daniel Ricciardo
Kimi Raikkonen
Fernando Alonso
Lewis Hamilton
Ferrari
Mercedes
Red Bull
Formula 1

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