Formula 1 is regarded as one of the most prestigious automobile racing tournaments in the world. Like any other sport, people have used the elite Formula 1 races as a ripe market for betting with some unusually high payouts. In this article, we will give you a detailed guide on how you can access the best F1 betting sites. Our review also includes a few essential F1 betting tips, with a section highlighting the various markets available.
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Top 6 Formula 1 Betting Sites
Indeed, the internet is awash, with hundreds of betting sites claiming to offer the best markets and odds. But from our analysis, we have filtered out the chaff and compiled the following list of the best F1 betting sites.
- Pros:
- Offers plenty of Formula 1 betting markets
- Offers higher F1 betting odds
- Allows live in-play betting on F1 races
- Cons:
- Features relatively fewer bonuses and free bets for the F1 betting section
- Pros:
- Offers fairly priced odds for the Formula 1 betting markets
- Allows early cash-outs on F1 bets
- Features all the F1 races in the entire annual racing calendar
- Cons:
- Most of the bonuses and free bets are offered to UK players only
- Pros:
- Offers a wider selection of F1 betting markets
- Allows live betting on Formula 1 races
- Features a live stats section with real-time updates on the F1 races
- Cons:
- Too many details on the sportsbook interface make it harder to navigate through the Formula 1 section
- Pros:
- Has an extensive collection of F1 betting markets
- Allows live betting on F1 races
- Offers the best-priced odds on F1 races
- Cons:
- No live streaming option for the F1 races
- Pros:
- Plenty of pre-race betting markets to choose from
- Allows live bets on ongoing F1 races
- Has extra features such as ‘One-Click Bet’ for placing fast live bets
- Cons:
- A long list of restricted countries thus blocking many players from accessing the F1 betting markets
- Pros:
- Offers one of the best-priced odds on F1 races
- More than a dozen F1 betting markets
- Provides a lot of helpful F1 betting tips
- Cons:
- No live stats on Formula 1 race
What Kind of Features do the Best F1 Bookmakers Have?
Our sorting criteria for the best F1 bookmakers involved checking the following features;
Markets Variety
The best site is where there are many betting options since more markets give you different angles of betting on the F1 race outcomes.
Odds Level
The payout you get from betting is determined by the odds assigned to the outcome you chose. As such, our list of the top F1 betting sites includes only sites that offer the most competitive F1 odds.
Live Betting Options
F1 is a fast-paced sport featuring the most advanced cars in motorsport. On-track events tend to change very fast in these high-octane races, resulting in rapid and often drastic changes in the live betting odds. This means that the live betting markets in F1 can be good hunting grounds for some high odds as the drama unfolds on the racetracks.
Free Bets & Bonuses
It makes a lot of sense to register and play with top online betting F1 sites that offer extras such as bonuses and free bets. As a new player signing up to these top sportsbooks, you will get generous welcome bonuses which can buy you free bets to use at the F1 markets.
Cash-out Option
The cash-out option gives you a way out of your F1 race bets to prevent more losses. This is an essential feature that you can find at the top F1 betting sites.
Formula 1 – What is it and How to Bet on F1 Races?
The history of Formula 1 championships can be traced back to the 1950s when FIA defined the rules for an elite single-seater car race. The term ‘Formula One’ refers to this set of rules that the car constructors must adhere to when engineering their supercars. Formula 1 was initially a European affair, with the championship Grand Prix races hosted in 6 European cities. This has changed over the years, with more host cities being added to the annual race calendar. Similarly, the number of teams and drivers has increased to the current 10 teams fielding 2 drivers each.
Before the actual race day, the drivers go through practice sessions usually held on Fridays. This is then followed by Qualifying typically on Saturdays. The Qualifying lap times determine how the drivers will line up on the grid during the main race day, with the fastest driver taking the pole position. The main race is then held on Sundays and follows any regular car race; the first driver to finish the laps wins the race.
Preferred F1 Betting Options
Depending on the bookie you choose to work with, there are plenty of ways to bet on F1 races, and some include the following;
Race Winner
This is the most straightforward betting option as you will simply be betting on which driver wins the race.
F1 Podium Bet
In this case, you will be backing the driver to finish in the top three podium positions.
Fastest Lap/Qualifier
This is a bet on the driver who will have the fastest lap in the race. With some top bookies, this betting option is available even for the Qualification laps where you bet on the driver with the best times during the qualification stage.
Top 6 Finish
Like the F1 podium bet, you will be betting on a driver finishing in the first 6 positions.
Pole Position
This is a betting market from the Qualification laps where you bet on which driver will win the first position in the race grid.
Race Prop Bets
Also referred to as proposition bets or specials, this is a bet where you predict that an event will either happen or not. This can be a skilled prop bet where you base your decision on research or luck-based guesses.
How to Bet on Formula One Futures?
The F1 betting markets we have illustrated so far are applicable to specific Grand Prix race days. There is yet another alternative betting market where you can predict an outcome to be determined at the end of the Championship season. The following are some of the most preferred Formula 1 future market you can try out;
Championship Winner
In this case, you will be predicting which driver will emerge as the eventual winner of the drivers’ championship at the end of the season.
Top 3 Finish
This option allows you to bet on a driver finishing the season in any of the first three positions.
Constructors Championship Winners
This entails betting on the team that will have accrued the most points at the end of the season, thus leading the constructors’ table and winning the trophy.
Driver to Win a Race
This is a bet that a driver will win at least one race during the entire championship season.
Live Betting on Formula 1
Live betting implies placing bets even after the race has already started. Normally, pre-race betting markets close once the F1 races start. In-play betting gives you various outcomes that you can bet on even after the race has already started. Most F1 live betting markets are similar to pre-match predictions such as race winner, top 3, top 6, or even which driver will pit first. But the main difference here is that the live betting odds will keep on changing from time to time, as influenced by how the race is going.
Formula 1 Betting Tips
Even though sports betting is often considered a game of chance, some strategies have proven to be very helpful in making the right predictions. We have included some of these F1 betting tips, which you can start using to develop your unique winning strategy;
Research the Stats before the race
It’s vital to use the data from previous F1 races to make informed bets. You should research factors such as the team’s most recent form, qualification times, and the racetrack history to understand how the bookmakers set the betting lines.
Check the weather conditions
Weather conditions have a huge impact on F1 race outcomes. Some drivers perform better in wet conditions, while others excel in dry conditions.
Analyze the cars, teams and drivers
Of all the analysis and research you do, the most important is understanding the F1 cars, the constructors’ teams and the drivers in each team. For instance, the power unit used determines the car’s ability to manoeuvre quick overtakes.
Search for a Good Team Atmosphere
Many still consider F1 racing to be an individual sport. However, Formula 1 is a team sport where two drivers work together for the same constructor. The team strategies shared between the two drivers go a long way in winning not only the Constructors Championships, but also the Drivers’ Championship.
Analyze driver preference for the track and weather
It is no secret that some drivers tend to be dominant at certain tracks. Also, the predicted weather conditions coupled with the driving styles tend to impact race outcomes. You can use data from past races to map out a trend and make informed Formula 1 picks.
FAQs about Formula 1 Betting
Where to find the best F1 betting odds?
You can find the best F1 betting odds at any top betting sites we have highlighted in this review.
Should I follow Formula 1 picks from professional bettors?
Yes, but also remember to do your F1 research to avoid blindly following the tipsters.
Which are the best F1 betting tips?
Always research and analyze past races, driver history and weather conditions before placing any F1 bets.
Where to check the F1 schedule?
You can check the complete F1 schedule on the official F1 website.
Is it better to make F1 bets online or in betting shops?
Betting online is advantageous since you will access more F1 betting markets compared to the traditional betting shops.
Can I Livestream F1 races from F1 betting sites?
Currently, you will hardly find any online bookie with the rights to live-stream F1 races. Therefore, most only offer live stats and commentary.
Conclusion on F1 Betting Sites
Formula 1 has always been quite an entertaining sport that tests both driver skills and engineering prowess. With online betting, you can join in the weekend thrill by backing your favourite drivers and winning real cash. But remember, not all online betting F1 sites are to be trusted. Ensure you only sign up and play on legit online sportsbooks such as the ones we mentioned earlier. Also, research is key in understanding the betting lines and making winning bets.