Top Formula One Betting Sites

The Lowdown on F1

The competition puts the world’s best racers in the driving seat on tracks from Monaco to Mexico and from Austria to Azerbaijan, where they go wheel to wheel at breakneck speeds to decide who’s the fastest driver on the planet. 

Neck and neck battles and jaw-dropping overtaking manoeuvres keep fans on the edge of their seats throughout the season and make F1 betting one of the most exciting and appealing markets currently offered by online bookmakers.

How to sign up to F1 Betting Sites

The first order of business with Formula 1 betting is to get signed-up to the betting site that suits you the most. Here are a few things to keep in mind: 

Compare 

Whether you’re looking for the best F1 odds, new customer welcome bonuses, free bets or the largest range of betting markets, we’ve got you covered. Take a look at our accurate and unbiased reviews of the top F1 betting sites and compare their best offers before signing up to make sure you’re in pole position when the green light shows.  

Sign-Up

Once you’ve chosen the site or offer that’s best for you, the next step is to sign-up by making an account with that site. You can do this by following the links on our site, which will take you to a sign-up page where the offer is activated. You’ll have to verify your identity by completing a know your customer (KYC) check, but this is as simple as providing a copy of your driving license or a recent utility bill, and once it’s complete you’ll only be one step away from placing your first bet on Formula 1. 

Claim Your Welcome Offer 

The final thing you’ll want to do is to claim your welcome offer. Whether it’s a free bet, matched deposit bonus or special promotional odds, you’ll want to claim your offer to give you a headstart when it comes to placing that first bet.

F1 Betting Markets Explained

When it comes to Formula 1 betting, the most popular markets fall under two main categories: outright betting and live in-play betting. 

Outright betting is the most simple way to bet on Formula 1. Bets are placed on the outcome of a single Grand Prix in some of the following markets:

Winning Driver 

This market is probably the most popular in F1 betting and allows you to simply place a bet on who you think will win that specific race. It’s the best place to get started if you’re new to the sport entirely or are a seasoned fan looking to capitalise on your insider knowledge. All you have to do is select the odds of your chosen driver, set your stake and sit back and enjoy the race. If your driver is the first to get his nose across the line then you win the bet. That’s all there is to it. 

Podium Finish 

Most F1 betting sites also offer odds on Podium Finishes. In other words, the drivers that finish first to third in the race. Odds will be lower than picking a race winner but you’ll have three chances to win.

Winning Constructor 

When the green light shows, every F1 driver is out to win the race for themselves, but the way the competition works is that there are usually 10 teams (or constructors) that enter two drivers each into each race. For instance, a bet on Mercedes to be the winning constructor of a race would land if either Valtteri Bottas or Lewis Hamilton (the team’s drivers) were to win the race. 

You can also place an outright bet on the outcome of the entire season rather than on a specific race. The two most common markets for this type of bet are the Drivers’ Championship and the Constructors Championship. 

Drivers’ Championship 

The Drivers’ Championship is contested over the course of the entire season and is awarded to the driver who finishes with the most points after all the races have been completed. Each driver’s price to win the competition can vary significantly after a race weekend, so keep an eye on this market for the best F1 championship odds and you might just find some real value. 

Constructors’ Championship

The Constructors’ Championship works in the same way as the Drivers’ Championship, but is awarded to the team whose drivers gain the most points over the course of the season. The battle to be crowned the top team can be equally as exciting as the Drivers’ Championship and it has given us some of the sport’s most memorable rivalries and driving dynasties. If you feel that a combination of drivers or a particular team’s car is going to give them the edge, you can back them to win the Constructors’ Championship before or during the season.

F1 Betting In-Play

High-stakes, breathtaking speeds and the possibility of the drivers’ fortunes changing in the blink of an eye make F1 betting in-play one of the most exciting and rewarding live betting experiences. Here are some of the top F1 in-play markets: 

Winner of Next Lap 

You don’t have to wait until the end of the season or even the end of a race to make some profit. Most F1 betting sites will let you bet live in-play on multiple outcomes over the course of a race. One of the most popular in-play bets is to wager on the winner of the next lap. All of Formula 1’s circuits have at least 51 laps and most have around 65 laps on average, so that gives you multiple chances to bank some winnings during the action. All you have to do is pick the driver you think will pass the start/finish line in pole position in the race’s next lap. 

Fastest Lap

Another popular in-play market is betting on which driver will record the fastest lap over the course of the race. If you’re following a race live, you won’t be able to miss the live stats on the drivers’ lap speeds, which are often displayed on screen in television or live stream coverage. These stats will allow you to evaluate who is having the day’s best drivers and it might not be someone at the front of the pack. The appeal of this market is that any one of the 20 drivers in any position in the field could potentially record the race’s fastest lap; they don’t have to be fighting it out for pole or a place on the podium.

Formula 1 Betting Tips 

There are some factors that are crucial to understand and take into account when betting on Formula 1 racing that may not be as important in ball or team-based sports. Here are a few things to keep in mind:

Venue/Track 

From its snaking street circuits to purpose-built race tracks designed for all-out speed, no one venue in Formula 1 is the same, so knowing the ins and outs of each track can make all the difference in Formula 1 betting. For instance, the iconic Monaco race that takes place on the narrow winding streets of Monte Carlo makes overtaking extremely difficult for the drivers and the race is won by the car that starts in pole position over 45% of the time. Knowing which tracks are the drivers’ favourites can also give you an advantage — it wouldn’t be a great idea to bet against Lewis Hamilton winning the Hungarian Grand Prix, as the British driver has only lost one race there since 2015 and holds the record for the most wins at a single track with 8 wins at the Hungaroring. 

Keep an Eye on the weather 

More than most sports, the weather conditions can be a massive factor in the outcome of a Formula 1 race and heavy rain has been a major player in the sport over the years. Adverse weather conditions can be a leveller and have led to some eyebrow-raising results in past races, so knowing which drivers wobble in the wet and who can push their car to its limits could be the difference between finishing on pole and spinning out. 

Embrace the Data 

Like most modern sports, stats are now integral to Formula 1 and you won’t have to look too far to find some useful data to back up your bets. Stats such as lap speeds, the time gaps between drivers, number of pit stops and even tyre condition are all regularly displayed on screen during live race broadcasts. Crunching a few numbers before placing a bet may just give you the edge and ensure you’ll be celebrating when the chequered flag comes down.

Formula 1 Betting Bonuses 

When you’re starting out with Formula 1 betting, the best betting sites will offer you some kind of welcome bonus for signing up to their site. Be sure to read our accurate and unbiased reviews to find the best welcome offer for you before making your choice to make sure you get off to a flying start. 

Free Bets 

There are hundreds of free bet offers available to new customers and they are amongst the most straightforward welcome bonuses to understand. Free bet offers will usually require you to simply make a deposit and place a bet above a minimum amount, at which point the bookmaker will credit you with free bets to play with on the site. These offers often have minimum spend requirements before you can make a withdrawal, so always check the terms and conditions before claiming your bonus. 

Risk-Free Bets 

One of the most common offers you’ll come across is a risk-free bet. All this requires is for you to place a bet on a sportsbook market and if that bet loses, your stake will be refunded up to a specified value. For instance, a bookie may offer you a risk-free bet of up to £20. If you place a bet of up to that amount and it loses, they’ll refund your account to the value of your original bet. 

Matched Deposit 

Matched deposit bonuses can be some of the most lucrative offers available to new customers as bookies will match the amount that you initially deposit with the site. Often sites will offer 100% matched deposit bonuses so you’ll receive bonus funds equal to the value of your first deposit to use on their markets. Like free bets, there are minimum spend and withdrawal stipulations attached to these types of bonuses, so make sure you understand the terms and conditions of the offer before signing up. 

Other Bonuses 

Don’t worry if you’re already signed up to a site, as bookies will often reward loyal customers by offering them free bets and there will also be other opportunities to get your hands on bonuses, such as free qualifying bets on big sporting events and enhanced odds on some markets.

Mobile Betting

The best betting sites now offer mobile-compatible apps for all of their markets, which you can access either by downloading a native Android or iOS app to your mobile device, or simply by navigating to their mobile optimised site through your device’s web browser. 

Often using a native app can provide the best user experience, particularly for F1 betting in-play, as purpose-built interfaces, rapid response times and push notifications make sure you’re on top of all the action as it happens live.