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What the Latest F1 Odds Tell Us About Lewis Hamilton, Nico Rosberg and the Rest

With three races of the 2014 Formula One season behind us, it's a good time to revisit the latest betting odds to see who the bookies think are the real contenders. Odds are a great way to get an idea of what is really going on behind the headlines. Bookmakers are open to huge losses if they get their odds badly wrong, so they make use of a variety of well-informed sources and experts to craft their odds. Their aim is, of course, to make money. The favourites will be set at very short odds, often as a deterrent—a heavily backed favourite coming out on top equals a big loss. Those with less chance of success will have longer odds—but not too long, unless failure is a near certainty—to tempt us into backing them. A long-odds...

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