💡 How can I start betting on Formula 1 as a beginner?

To bet on Formula 1, you’ll need to create a betting account. Doing so is easy, you can learn how to do this in this guide. Once you’ve registered at a betting site, you’ll be able to make a deposit and access the F1 odds available.

💡 Are Formula 1 races rigged?

The most high-profile F1 race-fixing case came in 2009 when Nelson Piquet, a driver for Renault, admitted to purposely crashing out of the Singapore Grand Prix the previous year. This was later found to be on the orders of Renault, to give an advantage to Piquet’s teammate Fernando Alonso, who did actually go on to win. While it has happened, it is incredibly rare that a Formula 1 race is fixed or affected in such a manner.

💡 What is the most I can win betting on Formula 1?

This depends on the odds you take and how much your stake is. Bigger stakes can sometimes lead to bigger wins, but it also leads to bigger risk. As we spoke about earlier, staying in control of your bankroll is the most important part of betting. As such, we recommend you bet with small stakes.

💡 Can you make a living betting on Formula 1?

While on rare occasions a bettor might be able to use betting as a source of income, this is incredibly hard to achieve. It would take years, as well as a lot of money, to come anywhere close to making a living from betting. You should never see betting as a way of making an income. It should be seen as a hobby that you can easily afford.

Formula 1 Betting sites

By Sarah Jones | Last update at 15 April, 2025⏲️ Reading time: 15 minutes

Fact checked by Martins Lasmanis

Fact checked by

Martins Lasmanis

With more than 10 years of experience in online marketing, and special focus on the gambling affiliation sector over 5 years, Martin Lasmanis is a true expert in his niche. Today, Martin's vision is to build the largest lead generator company in the world. Fortunately, we have the perfect team to make his dream come true!

Motorsport is hugely popular with spectators and bettors alike and Formula 1 is, without question, the most popular motorsport worldwide. It’s certainly the most watched, and bettors flock each season to place their outright championship and individual race bets with their bookmakers.

In this guide, we’re going to take a look at online bookmakers, in particular those that are amongst the best for Formula 1 betting. We’ll also examine the usability of these sites, how you can sign up, and how to start placing bets. In addition to this, we’ll explore the most popular Formula 1 betting markets, as well as strategies you should think about before you start placing wagers.

The Formula 1 Betting sites we recommend are:

Rank	Bookmaker	Rating	Bonus	Get bonus
1	22Bet	4.1/5	100% Deposit Match Bonus	Play Read review
2	1xBet	4.5/5	100% Deposit Match Bonus	Play Read review
3	Megapari	4.1/5	200% Bonus for your First 2 Deposits	Play Read review
4	20Bet	4.3/5	100% deposit match bonus	Play Read review

The history of Formula 1

The first World Championship Formula 1 race took place in 1950, but Formula 1’s roots originate before this. From 1925 to 1930, the World Manufacturer's Championships were held, followed by the European Drivers Championships which lasted until 1939. After the Second World War, new rules became effective with the 1946 Turin Grand Prix the first event under these new regulations.

Since the very start of F1, the sport has been big business, never more so than today with the Formula 1 industry worth well over $20 billion.

How we Evaluate and Rank Formula 1 Betting Sites

There are various aspects we look for when evaluating a Formula 1 betting site. We look at what betting markets are available. Outright betting is one of the most popular ways to bet on F1, and so we make sure each betting site offers odds on the Drivers Championship and the Constructors Championship, as well as betting markets on individual races.

On a wider scale, we look at the overall usability of a site. In particular, we consider how easy it is to sign up, make deposits and place bets. We also analyse the range of promotions available, for both new and existing customers.

The main aspects we take into consideration when we analyse a Formula 1 betting site are the following.

Outright betting
Individual race betting markets
Welcome bonus
Existing customer offers
Payment options
Mobile betting
Customer service
Live streaming
In-play betting
Competitive odds

Our top Formula 1 betting sites

#1 22Bet

🎁 Welcome Bonus	⚽ Sports	💳 Payment Methods	🔴 Live Streaming	📱 Mobile App
100% Deposit Match	40+	63 Deposit / 41 Withdrawal	Yes	Yes

22Bet are an incredibly popular betting site, and for good reason. Formula 1 betting is available at this site, with Outright betting available well in advance of the start of each season.

There’s a lot that 22Bet do right. In addition to F1, there’s a vast range of sports and events available to bet on. Other Motorsports are available too, including NASCAR, Formula E and IndyCar Series races.

#2 Megapari

🎁 Welcome Bonus	⚽ Sports	💳 Payment Methods	🔴 Live Streaming	📱 Mobile App
100% Deposit Match	40+	50+	Yes	Yes

There are many things we like about Megapari. One of these is the fact that individual race odds are available well in advance of the race itself, meaning there can be value to be found if your F1 knowledge is on point. In addition to the Who Will Win market, Megapari bettors can also wager on who won’t win, too.

Other Motorsports are available to bet on, including NASCAR. There’s plenty of bonus offers available, as well as daily specials and odds boosts.

#3 20Bet

🎁 Welcome Bonus	⚽ Sports	💳 Payment Methods	🔴 Live Streaming	📱 Mobile App
100% Deposit Match	35+	15+	Yes	Yes

We’ve been impressed with 20Bet on many occasions for their range of odds and markets available on a huge number of sports. Formula 1 betting is also available. Note, though, that if you’re looking to place a bet, such as a Drivers Championship bet, before the season has started, you might have to use the Search function to access the F1 section.

#4 1xbet

🎁 Welcome Bonus	⚽ Sports	💳 Payment Methods	🔴 Live Streaming	📱 Mobile App
100% Deposit Match	25+	100+	Yes	Yes

1xbet are another site that excel in every area we look at. Formula 1 betting is available, with markets available well in advance of race day. It’s possible to bet on the Who Will Win Yes/No market weeks before the race is due to begin.

There’s lots of promotions available for existing customers, in addition to the attractive welcome bonus currently available. Daily Specials are offered on a range of sports and events, too.

#5 Rabona

🎁 Welcome Bonus	⚽ Sports	💳 Payment Methods	🔴 Live Streaming	📱 Mobile App
100% Deposit Match	40+	10 Deposit / 13 Withdrawal	Yes	Yes

Rabona are an excellent choice of betting site for a range of Motorsports. In addition to Formula 1, Rabona customers can also bet on NASCAR, IndyCar, Speedway, and Formula E events.

Outright betting is also available, with individual race odds available well in advance of the race start. Note that all Formula 1 events are found in the Motorsports menu.

How to bet on Formula 1

If you’re looking to bet on Formula 1, you will need to register at a betting site. You can find our top recommendations above. Once you’ve created an account, you’ll be able to access all F1 odds and markets. Signing up to a betting site is a simple task, follow the steps below.

Choose which betting site you want to join. Our top choices can be found in this guide.
Click on the Register or Sign Up icon, usually found in the top right of the screen.
Complete all sections of the sign up form. You’ll need to provide your full name, date of birth and address, as well as your email address and mobile phone number. This information will need to be verified, we recommend you do this immediately after sign up.
Once you’ve confirmed your account, you can make your first deposit. Make sure this amount is one that is affordable.
Head to the Formula 1 or Motorsport section. Both are usually found in the A-Z menus found on the left hand side of the page.
Click on the race you want to bet on, or choose the Outright menu.
Click on the odds you want to bet on. Your selection will automatically be added to your betting slip, displayed on the right hand side of the page.
Enter your stake in the relevant box and confirm your bet.

Popular Formula 1 Betting Markets

Formula 1 is an incredibly popular sport to bet on. As we touched upon earlier, one of the most popular ways is to bet on Outright odds, like the Drivers Championship. For individual races, there are a variety of markets available. We’ll take a closer look at these now.

Outright Betting. As we’ve seen, betting on Outrights is very common in Formula 1. Most operators will give you the opportunity to bet on who will win the Drivers Championship, as well as the Constructors Championship. Odds on these markets can fluctuate dramatically as the season progresses.
Race Winner. For individual races, the Race Winner market is incredibly popular. This market allows you to bet on who you think will win the race in question. There are alternatives to this market, too, such as who won’t win the race in question. Odds on the latter are usually much shorter.
Leader in Qualifying. Bets on Qualifying events are also a popular choice. One of the most common bets is who finishes first in qualifying, therefore getting pole position on the starting grid for the race itself.
Top 3 Finish. Also known as “Podium” betting, this market allows you to bet on if you think a driver will finish in the top three.
Fastest Lap. A market that can provide greater value than others, this market allows you to bet on which driver will get the fastest lap in the race.
Safety Car. While this market isn’t available everywhere, some betting sites will give you the option on whether a safety car will be used during the race.

What are the most popular types of Formula 1 bets

There are a variety of bet types bettors can use for their sports wagers. Some operators offer System Bets, such as Yankees or Heinz bets. These are more commonly used in horse and greyhound racing and while technically they could be used for Formula 1, it’s pretty rare.

Multiple, or Accumulator, betting, is a much more common bet type, but again not really for Formula 1. You can’t combine markets in one race. You could, if your operator allows it, create or build your own bet to choose more than one selection, but you’d have to assess the potential value of doing so.

Single Bet. The most common way to bet on Formula 1 is to place a Single bet. This is a bet on one outcome, one selection. For example, you can bet on a driver to win a particular race, or a driver to hit the fastest lap time. One selection on your betting slip is one Single bet.

What payment methods can I use to bet on Formula 1?

In our experience, the best Formula 1 betting sites offer a vast range of deposit and withdrawal methods for their customers to choose from. Available methods tend to be similar at all sites. However, what can differ are minimum and maximum payment amounts, processing times and fees. As well as this, some sites accept a variety of currencies, where others only accept the currency of that particular region.

You’ll find the following payment options available at most betting sites.

Bank Transfer, such as Rapid and Trustly
Debit Card, such as Visa, Mastercard and Maestro
E Wallet, such as Skrill, PayPal and Neteller
Cryptocurrency, such as Bitcoin, Polkadot and Tether
Prepaid Vouchers, such as Paysafecard

Formula 1 Bonuses and Promotions

Bonuses and Promotions for Sports betting, Allbets.tv

One of the advantages of using an online betting site, rather than a land-based bookmaker, is that there tends to be a much wider range of promotions and bonuses, especially for new customers. At almost every F1 betting site, you’ll find a welcome bonus, along with a variety of existing customer promotions.

What are the best Formula 1 Welcome Offers

Welcome bonuses come in all shapes and sizes. Some operators specialise in deposit match bonuses, with others offering enhanced odds or free bets to attract new members.

Before we take a look at the most common offers, there’s a couple of points we want to make. First, think about how easy it is to claim an offer. While the headline might promise you a huge deposit match or a massive free bet, think about what’s required to activate that offer, such as minimum deposit or any wagering requirements. Secondly, you’ll notice that many operators offer similar promotions, such as a deposit match up to 100%. While they’re similar on the surface, the terms and conditions of the offer can vary dramatically.

Deposit Match Bonus. Many operators offer a deposit match bonus for new customers. With this offer, the betting site will match the amount of your first, or qualifying, deposit. The amount of the deposit match is often 100%, though some sites offer a 50% deposit match instead. There is usually a maximum bonus amount applicable to this type of offer.
Free Bets. A free bet bonus can be offered in many different ways. You might receive free bets if you sign up and make a deposit of a stated amount. Or, you could receive a free bet for registering and making your first bet on the Australian Grand Prix, for example.
Money Back. Also known as Refund offers, a Money Back offer can return your stake should a particular event happen. For example, an operator might offer you your money back if Lewis Hamilton wins the British Grand Prix.
Enhanced Odds. Another common offer, an Enhanced Odds promo can dramatically lengthen the odds of a particular event happening. To continue our example above, an operator might offer 30.0 on Hamilton to win the British Grand Prix, where the usual odds are only 2.0. Generally, the enhanced part of this offer is paid in free bets.

What are the best Formula 1 existing user bonuses

Many existing customer offers would be difficult to use on Formula 1 events. For example, some of the most popular promotions are based on multiple or accumulator betting, like Acca Insurance and Acca Boost, neither of which are really relevant to F1.

However, there are still some promotions, aside from F1-specific promotions that are available from time to time, that can be used for Formula 1 betting. Let’s take a look at them now.

Price Boosts. Also known as Odds Boosts, a Price Boost can lengthen the usual odds of a particular event happening. As an example, an operator might offer odds of 2.0 on Max Verstappen to win the Abu Dhabi Grand Prix. A Price Boost could see these odds increased to 3.0 or 3.5.
Free Bets. Free bets can be offered in a range of circumstances. For F1, you might come across a free bet offer giving you a free in-play bet if you place a pre-race wager. Or, a site might give you a free bet to use on the next Grand Prix if you’ve won a bet on the previous race.

Are there any Formula 1 betting Apps?

Most of the F1 betting sites we’ve examined in this review also offer dedicated betting apps. If you’re planning to bet using your mobile, downloading an app could be much more beneficial than simply visiting the desktop site using your mobile browser. Apps are generally much more user friendly and optimised for mobile use.

Many apps are available via Google Play or the App Store. We, though, have found it easier and quicker to start the download process using the links on the bookmaker website.

What are the major Formula 1 events or tournaments for betting on?

Major betting events or tournaments, allbets.tv

Monaco Grand Prix

🗓️ First Race	1929
⌛ Race	Annually
🌍 Location	Circuit de Monaco
👑 Most wins	Ayrton Senna (6)
👑 Last Winner	Charles Leclerc (2024)

British Grand Prix

🗓️ First Race	1926
⌛ Race	Annually
🌍 Location	Silverstone
👑 Most wins	Lewis Hamilton (9)
👑 Last Winner	Lewis Hamilton (2024)

Italian Grand Prix

🗓️ First Race	1921
⌛ Race	Annually
🌍 Location	Monza
👑 Most wins	Michael Schumacher, Lewis Hamilton (5)
👑 Last Winner	Charles Leclerc (2024)

Formula 1 Betting Strategies

Look after your bankroll. The most important aspect of any form of betting is that you stay in control of your funds. It’s a good idea to have a set amount you’re willing to spend on betting, one that you can comfortably afford, and never go beyond this figure. Keeping a record of all your deposits and withdrawals can help with this too.
Don’t chase losses. It can sometimes be tempting if you’ve lost a bet or two to try and recoup your losses by placing more bets. This will only lead to you losing even more of your money. Always have a plan of what you’re going to bet on and stick to it, no matter the result of your wagers.
Research is key. To stand a better chance of placing successful bets, do your research. Form, weather conditions, absolutely anything that can have an effect on the way a race might unfold should be thought about.
Find betting value. Understanding the odds available is important. The best F1 sites offer competitive odds on both Outright and individual race markets. Make sure your bookmaker does just this. Also, learn how other betting markets work, not just the Outright or Race Winner markets. There often can be more value found in less common markets.

FAQ. Frequently Asked Questions

To bet on Formula 1, you’ll need to create a betting account. Doing so is easy, you can learn how to do this in this guide. Once you’ve registered at a betting site, you’ll be able to make a deposit and access the F1 odds available.
The most high-profile F1 race-fixing case came in 2009 when Nelson Piquet, a driver for Renault, admitted to purposely crashing out of the Singapore Grand Prix the previous year. This was later found to be on the orders of Renault, to give an advantage to Piquet’s teammate Fernando Alonso, who did actually go on to win. While it has happened, it is incredibly rare that a Formula 1 race is fixed or affected in such a manner.
This depends on the odds you take and how much your stake is. Bigger stakes can sometimes lead to bigger wins, but it also leads to bigger risk. As we spoke about earlier, staying in control of your bankroll is the most important part of betting. As such, we recommend you bet with small stakes.
While on rare occasions a bettor might be able to use betting as a source of income, this is incredibly hard to achieve. It would take years, as well as a lot of money, to come anywhere close to making a living from betting. You should never see betting as a way of making an income. It should be seen as a hobby that you can easily afford.