Best Formula 1 Betting Sites — Best Picks for F1 Fans in 2024
Formula 1 has had a significant surge in betting popularity. We’ll cover everything odds to any relevant bonuses and promotions. Check below for the results of our picks for the best Formula 1 betting sites and everything else you need to know.
| Best Betting Sites in The United States | Bonus Offers | Highlights | Rating | Secure Link | T&Cs |
|---|---|---|---|---|---|
Here are the best Formula 1 betting sites by category:
As you scroll down the page, you’ll encounter several different topics. Follow the quick links for more detailed information on F1 betting until you finally reach the FAQ section.
F1 Betting Odds
The best F1 odds depend on the race, driver, and bet type. If you hold accounts at several of our recommended betting sites, you can shop for the best odds and take advantage of all the various welcome bonuses too.
| Which Site Has the Best F1 Betting Odds? | |
|---|---|
| Formula 1 Betting Site | Average Odds Levels |
| BetMGM | 91,89% |
| Betway | 91.28% |
| Caesars | 91.58% |
| BetRivers | 92.03% |
| bet365 | 91.83% |
Getting your bets in early can help to get a better price. But this also runs the risk of not allowing you to take into account all factors that could affect a race, such as the track and weather conditions.
F1 Races and Championships
There are currently 11 teams, each with 2 cars, and 21 Grand Prix races taking place all over the world. The F1 season starts in March in Melbourne, Australia, and ends in Abu Dhabi in November, with races roughly a fortnight apart.
| The World’s Most Famous Grands Prix | ||||
|---|---|---|---|---|
| Circuit | Country | Total Distance (km) | First Held | First Winner |
| Interlagos | São Paulo, Brazil | 305.9 | 1972 | Carlos Reutemann |
| Monza | Monza, Italy | 306.7 | 1922 | Pietro Bordino |
| Albert Park Circuit | Melbourne, Australia | 307.5 | 1996 | Damon Hill |
| Silverstone | Northamptonshire, England | 306.2 | 1948 | Giuseppe Farina |
| Hungaroring | Mogyoród, Hungary | 306.6 | 1986 | Nelson Piquet |
| Red Bull Ring | Spielberg, Austria | 307.1 | 1970 | Jacky Ickx |
| Circuit de Monaco | Monte Carlo, Monaco | 260.2 | 1929 | William Grover-Williams |
| Marina Bay Street Circuit | Marina Bay, Singapore | 308.8 | 2008 | Fernando Alonso |
| Spa-Francorchamps | Spa, Belgium | 308 | 1925 | Antonio Ascari |
| Suzuka Circuit | Suzuka, Japan | 307.5 | 1987 | Gerhard Berger |
Practice sessions aren’t seen as betting options but can give a good idea of who should do well in qualifying and, consequently, in the race itself. Betting on who will finish in pole position in qualifying is a very popular F1 bet type. You can also check the betting options of other motor racing series, like, for example, those at the IndyCar betting sites.
Virtual Betting
Virtual Formula 1 betting gives you the chance to bet on a race every 3-4 minutes while watching the action live. Bet types are restricted to outright results, though some allow you to combine bets as a forecast or tricast too.
The results are computer generated using a predetermined computer algorithm, so there’s not too much in the way of strategy to talk about. Due to its 24/7 availability, many people love to bet on F1 racing virtually.
Popular Formula One Betting Markets Explained
Thanks to the rise of the in-play industry, there is an increasing number of F1 betting markets. We’ve listed some of the most popular wagers below, but always check your preferred betting site, as there will usually be more options available.
Outright Betting for the F1 Championship
Drivers win the championship by accumulating the most points over the course of a season. Points are given based on the finishing position in individual races. This outright bet is simply betting on who you think will be the winner of the Championship.
Best to get this one in before the season starts if you want maximum value, but it’s also possible to bet on the eventual overall winner while the season is live. You can also bet outright on the Constructor’s Championship, which is which team will finish top.
Match up
Match-up bets are popular for adding a bit of variation to the typical f1 betting options. This bet allows you to pick a driver from a group of between 2-6 that will finish highest in the race.
Fastest Lap
A great one in-play bet, here you bet on which driver will complete the fastest lap in the race. Make sure that you have paid attention to what has happened in qualifying and whose car and tires are set up to race quickly in the weather conditions.
Here’s a pro F1 betting tip: Faster laps are generally set in the later stages of a race, when the cars are carrying less fuel and are therefore lighter and quicker.
Safety Car
Essentially a novelty bet, here you’re betting on whether a safety car will appear during the race.
While there’s not too much skill involved in correctly predicting this one, clued-up bettors will know that in the tougher, tight city tracks, accidents are more likely to occur, so a safety car is therefore more likely to feature.
Formula 1 Live Betting
F1 is well suited to live betting, thanks to markets such as the fastest lap bet we listed above. Unfortunately, few betting sites offer live streams of races due to licensing, but online bettors can usually find the race being shown on TV.
When betting live on F1, it’s important to pay close attention to the race, so streaming is advisable. The bet types offered in the in-play arena rely on watching what’s happening, such as when betting for who will retire first.
The strategy behind live Formula One betting works in much the same way as when placing traditional wagers. Do your research, and pay attention to the contributing factors.
Best F1 Betting Bonuses and Promos
Even at most of our best Forumula 1 betting sites, there often aren’t regular promotions available. However, some F1 sportsbooks will offer special prices or enhanced odds on some bets for big races.
Additionally, many F1 betting fans take advantage of welcome offers. By making bets in accordance with the bonuses’ conditions, it’s possible to see a significant percentage increase in your returns.
Other bonuses give you no-sweat bets or 2nd chance deals, so you can take a gamble and hope it pays off to win big.
Formula One Betting Strategies
In truth, most Formula 1 betting strategies rely on a good knowledge of the sport and the accompanying statistics. The ESPN website can be very useful for F1 race betting stats.
Races are won and lost on the smallest factors, so knowing the drivers and their performances inside out can help you make selections accurately. There are some key issues that you should always research when you bet on F1.
Grid position is very important in relation to finishing positions for F1 race betting, but it’s key to know how important. For example, pole position on some circuits, such as the low-speed, tight city tracks, has resulted in a win up to 80% of the time.
However, on high-speed and fast tracks, the stats show that pole position only resulted in a win around a third of the time. Here’re a few other general F1 betting tips:
- Examine the statistics before the race
- Check the weather forecast and each pilot’s strengths
- See how each team is performing at the moment and what is their final goal
- Always look for the highest odds
- Use the bet on F1 in-play feature
- Take advantage of bonuses for Formula 1 gambling
The other important aspects of an F1 betting strategy are available to be researched too. The characteristics of a racetrack may play to a certain team’s strengths, or the day’s weather may suit the tires being used by some teams.
Think about which wager type to employ when you bet on F1. For example, the race leader is likely to stay at a steady pace, whereas a racer further back in the field will be going flat out to make up time. This can result in an underdog getting the fastest lap.
History & Facts
The history of F1 began in the 1920s and 30s with the Grand Prix Championships of those decades. In 1946, the Fédération Internationale de l’Automobile (FIA) was formed, followed by the World Championship in 1950.
Despite its relatively short history, there have been true legends of the sport, such as Aryton Senna, Damon Hill, and Michael Schumacher, along with some other colorful characters.
Bernie Ecclestone Settles Bribery Charges
In 2013, F1 entrepreneur Bernie Ecclestone was charged with bribery relating to the 2005 sale of Formula One. Ecclestone eventually paid a £60m settlement fee in 2014 to have the charges dropped.
The 2002 Austrian Grand Prix
In 2002, Rubens Barrichello followed his team’s orders to slow down and let teammate Michael Schumacher win the race. The subsequent controversy led to new rules being introduced preventing orders that would affect a race’s outcome.
The Most Expensive F1 Races
Each country pays for the honor to host an F1 event. Singapore pays $65m each year, but is only the third highest spender, behind Malaysia and Abu Dhabi. The British Grand Prix at Silverstone is coming into doubt as the race is said to be becoming financially unfeasible.
Choosing the Best F1 Betting Site for You
Hopefully, we’ve provided something new for every F1 fan, whether you’re new to wagering on the sport or an experienced bettor. All the best F1 sportsbooks have a comprehensive range of markets, bet types, and bonuses.
For a complete overview of the markets and betting options available at our top-rated Formula One sportsbooks, check out the main sports betting page.
FAQ
If you have any questions about formula 1 betting, or anything else contained on this site, please feel free to email at info@bestbettingsites.com.
🏆 What are the best F1 betting sites?
Undoubtedly, there are plenty of sportsbooks for formula one betting. However, when it comes to the best Formula 1 betting sites, we narrowed down the list to a top 5. Each of them offers fantastic odds, markets, live betting, and a lot more.
🎁 Are there any lucrative bonuses for F1 bettors?
All our featured Formula One sportsbooks allow you to use welcome bonuses on F1 bets which may prove lucrative. However, there are usually restrictions on the minimum money line odds for contributing bets. These differ between the operators but are usually around 100. Check the fine print of the welcome bonus to make sure that your selections comply with the criteria.
💸 What are the best strategies for F1 bettors?
Like any other sport, Formula One has its specifics that have to be taken into account before attempting to make any profit. Within our page, we share some useful F1 betting strategy tips which you can apply to your thinking and increase your chances of winning.
🏎️ Can I place a live bet on F1?
Of course, in-play Formula 1 betting is popular amongst bettors and is possible at the top F1 sportsbooks. The live markets are limited compared to other sports, but you can benefit from them, especially for the winning driver of the last few laps.