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Lauda loses bet against his own Mercedes team

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Triple time F1 world champion and Mercedes F1 team chairman Niki Lauda being too happy about losing money, but there is one wager he must have been delighted to lose at the Chinese Grand Prix on Saturday.

Lauda, bet the German team’s boss Toto Wolff 10 euros that Mercedes would be beaten to pole by Ferrari’s Sebastian Vettel.

“I think he was happy about losing the bet. But generally Nikki Lauda is not happy about losing money overall,” Wolff said, prompting laughs.

“I think he thought, either I win money or I am happy about being on pole. So it was a win-win situation for him.”

“I said ‘give me the €10. I will spend it all tonight.'”

Lauda earlier told Sky Sports that he bet on Vettel for the pole because “he really looked quick in the car, everything was right.”

“But Lewis, thank God, pulled out one of his special laps,” he was quoted saying.

Wolff said the Formula One season was shaping up as a “close fight between Ferrari and Mercedes in the front, and there seems to be quite a gap behind.”

“Definitely they’ve (Ferrari) done an extraordinary job and need to be taken very seriously.”

Lewis Hamilton, pipped his German rival Vettel by two-tenths of a second in Shanghai qualifying, with Mercedes team-mate Valtteri Bottas and Ferrari’s Kimi Raikkonen filling row two for Sunday’s race.

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