Last update at 19 April, 2023 In recent years, Formula One has exploded in popularity despite not being one of the world’s most popular sports. In fact, in 2021, the World Championship final had more viewers than practically any other sport (108.7 million), except the UEFA European Championship final (328 million).
The following is a list of the best Formula 1 betting sites of this year from which you can make your pick. Read on to find out!
Formula 1 betting sites provide a range of entertainment options and betting markets for punters to try their luck.
Bets on the outcomes of Formula 1 races are placed with real money, with the odds and payouts predetermined by the house. If the wager wins, the player will receive the agreed-upon payout from the house, which will include both the amount of the original bet and any profits.
Formula 1 Overview
🏟 First Introduced
🏢 Overseeing Organisations
Federation Internationale de l'Automobile (FIA)
🔝 Bookmaker Coverage
⭐️ Popular in
United Kingdom, Italy, Belgium, United States
🏅 Olympic Discipline
Why Use Online Formula 1 Betting Sites?
Formula 1 betting activity was never particularly high, but recently there has been a noticeable increase, primarily as a result of two factors: first, in-game betting, and second, an increase in the number of betting markets offered by the top betting sites. Betting sites for Formula1 also offer:
Good selection of payment options - The best F1 betting sites that accept real money offer a great selection of payment options.
Fast payouts - If you win money from F1 betting at our recommended bookies, you will receive your winnings quickly.
Smooth mobile experience - Our suggestions include the top Formula 1 betting apps available on the market, which are compatible with all popular mobile devices.
Helpful team - The best F1 betting companies have friendly staff on hand to help you and respond to any queries you may have.
How We Rank Formula 1 Bookmakers
When selecting the best F1 betting sites, we consider the following factors:
We only select Formula 1 bookmakers that are legal and licensed by independent international agencies such as the UK Gambling Commission or the Malta Gambling Authority. We search for the latest data encryption service, so you have the safest experience on the most trusted websites.
Odds and Payout Percentages
Players want sites with the best odds and will switch if they think they can get more elsewhere. We compare F1 odds to recommend the most lucrative websites.
Variety of Betting Markets
The top F1 betting sites offer a wide variety of markets, not just the most popular ones. We also look at betting options like the fastest qualifier, fastest lap, or podium.
New customers should be welcomed to an F1 betting service with a lucrative sign-up incentive and deals that include free F1 bets. We also analyze ongoing deals that reward existing customers.
Players should have as many options as feasible for depositing and withdrawing funds. A wide variety of debit and credit cards, e-wallets, and even cryptocurrency alternatives are available on our list of betting sites.
In-play betting lets gamblers bet as a race unfolds. We review and recommend bookies that offer Live betting and cash-out features.
How to Bet on Formula 1 Online
With the guidelines below, you will easily learn how to bet on Formula 1:
Pick Your Bookmaker
First, choose a sportsbook. Our list of F1 betting sites includes several platforms. Compare deals and choose the best one.
After choosing, learn the bookmaker’s process. Create a bookie account and verify it to withdraw later. Check the bookie’s promotions and terms and conditions.
Fund Your Account
After authentication, you can deposit money into your accounts and place F1 bets. Choose a sportsbook payment method, and then start your transactions.
You’re ready to start betting on Formula 1. Visit the sportsbook’s Formula 1 racing options to place a wager on upcoming events.
Popular Bonus Types for Formula 1 Betting
These are the top betting bonuses for new and existing consumers. New clients might get a welcome bonus, while current customers can get ongoing promotions.
F1 Free Bets. After signing up, a deposit or real-money bet triggers free bets for new customers. Free bets may require a bonus code. To withdraw winnings, you must meet the wagering requirements. Free bets are sometimes offered as loyalty bonuses for registered consumers.
Enhanced Odds. As a means of luring in new customers and rewarding regulars, F1 bookies occasionally enhance the odds or prices at which their customers can place wagers.
Acca Insurance. Acca insurance kicks in when one F1 selection loses. Losing bets are repaid as cash or free bets.
Most Popular Formula 1 Betting Markets
This section includes betting markets offered by top online Formula1 bet sites.
This is F1’s and every other sport’s most popular betting market. Because anything can happen in a race, F1 has higher payoff odds than other sports. If you trust your knowledge, gamble on your favorite racer.
Number of Race Wins in a Season
Here, bookies offer an alternative market for race betting. If you follow Formula 1 and know the game well, guessing a driver’s win total shouldn’t be difficult.
The Best Constructor
Last but not least, most bettors choose Mercedes, although its payout odds are lower than other teams. Fans of this sport can make excellent bets using constructors. If you’re not sure which team to bet on, review the results from the last few years.
Tips for Advanced Punters
The following are tips that will help advanced punters place successful bets.
The bumper payoff odds for each driver allow you to place bets on a variety of racers while still earning respectable winnings.
Every F1 race track is constructed uniquely. Pay attention to how the drivers performed in the prior races at each circuit.
Many bettors choose to bet on the driver who finishes the qualifying races the fastest, forgetting that weather can change. A better approach would be to keep an eye on the cars that perform well on challenging circuits.
Popular Formula 1 Tournaments to Bet On
We list the best and most popular F1 tournaments below.
Bahrain Grand Prix
The Grand Prix of Bahrain, which takes place at the Bahrain International Circuit in Sakhir, kicks off the Formula One racing season. This volatile race offers bettors a chance to make a decent profit. The payout odds are high.
Monaco Grand Prix
Circuit De Monaco is one of the most impressive F1 tracks. This race is predictable; thus, many people bet on it. Usually, the qualifier wins the main race. This Grand Prix is the safest to bet on.
Italian Grand Prix
This event takes place at the Monza Circuit, and it’s exciting. Wide tracks with minimal curves allow for fast speeds. As a result, there is a lot of activity for spectators to enjoy as the cars compete to cross the finish line first.
Abu Dhabi Grand Prix
Abu Dhabi’s Yas Marina Circuit hosts this race. This is where the F1 Championship Final is held. There has been drama and controversy at this event. In 2021, Max Verstappen and Lewis Hamilton matched for first; hence the event is a favorite for bettors.
Most of the betting companies we recommend provide live betting on Formula 1 races. With this form of bet, you can participate in the games even after the race has already begun. Because of the rapid pace of Formula 1 racing, it’s important to find a sportsbook that offers live betting and can keep up with your bets. The good news is that you may place a live F1 bet at any of the sites we’ve recommended.
Like many aspiring writers, Jarin focuses on bringing life to the text for her readers. She is an avid sports lover, growing up in a family obsessed with bookies. She is an expert in the iGaming niche and has secondary obsessions with Gardening and cooking.
Betting on the winner of the F1 Championships is the ideal option because the F1 world champion betting odds are typically more predictable than those for other markets, but bets can be placed in advance while the chances are still favorable.