The Tour de France might be the biggest event each year in the International Cycling Union (UCI) but it is hardly the only race you can bet on. Whether you want to bet on the Tour de France, Giro d’Italia, the Vuelta a Espana or any one of a plethora of other cycling events, you can easily place your bets at major online betting sites.
Wagering Information to Help you Win
Casual cycling bettors tend to stick with simpler bets such as wagers on the outright winner of the Tour de France. Household names like Lance Armstrong and Alberto Contador dominate the cycling world and draw much attention to the sport, therefore making cycling betting accessible to people who don’t normally follow cycling.
In any average online sports betting site, bets on the Tour de France are the most common. Each racer is very well known so the odds strongly favor the top 2 or 3 cyclists each year. In years past, Lance Armstrong was the man to bet on but the young Alberto Contador is now considered the favorite to win the competition this year. If Alberto continues to perform well, you can expect to see much more of him in the future.
Bets on the outright winner of the Tour De France are most commonly listed in the fractional odds format. For example, Andy Schleck is listed at some betting sites with 4/1 odds. This means that for every $1.00 you bet on Andy, you will win $4.00 if he wins the Tour de France.
Best Cycling Betting Sites
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Other Recommended Sites
Below are two other top ranked gambling sites for cycling:
Bwin Cycling Betting – ( www.Bwin.com )
BetFair Cycling Betting – ( www.BetFair.com )
Understanding the Odds
Some betting sites use the moneyline format to list odds. This is the most common in US-friendly sportsbooks. If you a see a competitor listed with +400 odds, it means you will win $4.00 for every $1.00 you wager. These odds get increasingly higher as you move down the line to lesser known cyclists.
Other online sportsbooks, particularly sportsbooks with a European, Canadian or Australian focus, list the odds in decimal format. With these odds, you subtract one from the number listed and consider that as your payout. For example, bet on a cyclist listed at 5.00 will pay $4.00 for every $1.00 you wager.
Some online sports betting sites also offer a wide range of bets such as the nationality of the winner, who will win each stage and so on. It’s more difficult to predict the outcomes of these bets but that also means you can use your knowledge to gain an advantage over the bookmakers.
Useful Tip: Follow Multiple Websites
If you create an account at several betting sites, you’ll be able to shop around for the best lines. Once you decide on your bet, look around and see if you can find a better deal elsewhere. You’d be surprised at how often the odds differ from one bookmaker to the next.
Some cycling betting sites also offer special news and tips to members. If you sign up at more than one sportsbook, you can use those services to get more information on upcoming races. The more information you have, the more successful you’ll be at cycling betting.