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The sport of cycling is growing in popularity, attracting more and more viewers and more and more participants. This is due, in part, to the Olympic Games, where the cycling events that take place in the Velodrome have caught the public’s attention in recent years. For many, these events are the highlight of the entire Olympic Games, the thing to look forward to and aspire to above all other events.

Considering this is a fairly recent sport, that is quite impressive, but it goes beyond the streamlined bikes doing circular laps around an indoor track. Road racing has also grown in popularity in recent years, with many sport fans turning their attentions to world famous events such as Le Tour de France, which is an epic endurance event for cyclists around the world.

The beauty of cycling is that everyone can get involved. It is great exercise and although you’re not going to compete with the best of them just by taking your battered-bicycle out to the park on the weekends, there’s no reason why you can’t enjoy watching and gambling on the professionals. And when it comes to gambling, you will struggle to find a sports book or betting exchange that offers more markets on Le Tour de France and on cycling in general than BetFair. This is the biggest betting exchange and sports book in the world, and not without reason.

In this article we will take a look at the best ways to bet on cycling, the ways to get the most out of BetFair’s markets and to ensure you have some fun whilst you do it.

Outright Markets

An outright market is one that runs for the long-term. There are few short races in cycling, and the ones that are short are often a part of something much bigger. The Olympic Games is a great example of this, and with so many world class cyclists competing, this creates some very intense markets, with a lot of big odds available. If you follow the sport then you will know the competitors well and may have a good idea of how well they will do. If you, you can stand to make a lot of money by gambling on the winners, as even the favorites come with a very tempting price in these markets.

You should also focus on the “Podium” market, which is often known as the “Medal” market as far as the Olympics are concerned. In these markets you are betting on who will finish in the top three, as opposed to who will win. This shortens the odds of all participants, but it also increases the chances of a big win, because whilst a rank outsider rarely wins the gold, it is not unknown for one of them to ride their way onto the podium. The beauty of the Olympic Games is that whilst all participants have trained hard for four years, going through qualifiers and much more in order to get to where they are, the events are settled in one day, often in a matter of minutes. One slip up by the favorite and an outsider can take advantage. In some cycling events there is also the chance of a crash at the front, which is not unheard of. In these instances half of the best riders can be wiped out, leaving the others to pick up the slack and to get the podium places.

Obviously, you can’t play for these occurrences, but that’s beside the point. The fact is that outsiders always have a chance, and in some sports, cycling included, there is any number of things that can increase those chances and ensure that the Gods are smiling on them.

The same does not apply to Le Tour de France. This is an endurance race and if riders do make a mistake then they have more than enough time to make up for it, but this is a race where it is not unusual for the favorites to finish nowhere. It is a race that anyone can win and one where even the favorite has huge odds. There are hundreds of riders so this is very much a lottery, but it is a lottery where knowledge of the sport and its riders can lead you to a huge fortune.

Following Riders

Everyone has their favorite sport teams, and the same goes for cyclists. It is near impossible to keep track of all cyclists out there, but if you follow a select group or single rider, watching how they progress in their career, sensing when their peak is coming and if they are fit and ready for any given race or event, then you can get one up on the odds makers.

Once you follow them you’ll also get involved with them, cheering for them and enjoying their successes with them. That’s what cycling should be about, because this is a great and exciting sport and one that can bring a lot of enjoyment to its fans.