Best Formula 1 (F1) Betting Sites 2023

Updated:

Although not traditionally one of the most popular sports globally, F1 bookmakers have witnessed massive growth in the last few years.

As a matter of fact, in 2021, the World Championship final surpassed almost every other sport in terms of viewers (108.7 million), with the only exception being the final of the UEFA European Championship (328 million).

Below is a list of reliable Formula 1 bookmakers that you can scrutinise to choose your preferred option. Keep reading to find out.

List of the Best F1 Racing Betting Sites

Found: 14 Bookmakers

Rank Bookmaker Bonus Claim
1 20bet

Sign up offer up to €100

2 1xBet

Bonus up to €100

3 22bet

Welcome Bonus up to €122

4 888sport

Bet 10€ Get 30€ in Free Bets

5 William Hill

Bet 10€ Get 30€ in Free Bets

6 Bet365

Up to €100 in bet credits

#AD. Open an account with bet365 today and bet on a huge range of markets with the world’s favourite online sports betting company.

7 Cyber.bet

VIP offer up to €300

8 Powbet

100% up to 100€

9 Melbet

Bonus up to €100

10 Paripesa

100% up to 100€

11 Betwinner

Welcome package up to €100

12 Campobet

up to €100 for new players

13 Megapari

100% up to 130$ with code 'MIGHTYPARI'

14 LibraBet

Welcome package up to €100

Best F1 Racing Bookies – The Ultimate Guide

Updated:

formula 1 betting sites

Keep reading as we acquaint you with the world of F1 betting and show you how to leverage it. There’s a beautiful story behind this niche of the betting industry, which we’ll get to shortly.

After which, we’ll be recommending several top-notch F1 bookies and present a well-detailed analysis of each. We’ll also look at the best payment methods for bettors as well as the most efficient Formula 1 betting tips that you will find quite beneficial during your online betting venture.

It is the goal of this article to ensure you have a hitch-free experience while placing each bet on F1 racing.

History of Formula 1 Betting

formula 1 history of betting

No one actually knows when F1 betting became official. However, as far back as the 1950s, when the sport was still in its initial stages, people used to bet on F1 races. Betting back then was more straightforward as all the people did was predict the race winners.

The more the F1 fan base grew, however, the more people became aware of F1 betting and got involved. Countries that hosted F1 races started legalising wagering on this sport to attract more customers.

  • It costs £14.58 million to build a Formula 1 car.
  • F1 teams actually consist of 600 members.
  • An F1 car has 80,000 components.
  • F1 cars can drive upside down once they reach 120 mph.

In this day and age, a wide range of betting options is available. F1 racing is the most desired racing series in the world and boasts the largest fan base of all the auto sports.

It was fortunate enough to become very popular at the same time as online sports betting. Many bet companies provide pre-set gambling odds for each race in the season.

This is highly advanced compared to the betting structure that was in operation around 65 years ago. Now, you can place bets on a racer being part of the top 3, finishing in a higher position than a specific rival and many other options.

Most betting sites even support live betting. As such, the winning odds of each driver constantly change as the race goes on.

Table about F1 betting sites
🏛️ First Introduced: 1946
🏢 Overseeing Organisations:  Federation Internationale de l’Automobile (FIA)
📶 Bookmaker Coverage: High
Popular in: France, Australia, Canada, the USA, Canada, Finland, India, Ireland, and many other states worldwide.
🌎 World Championship: Grand Prix
🏅 Olympic Discipline: No

How to Place F1 Bets Online?

The process is straightforward. Apply the tips below and you’ll be ready to place your bets in no time. In a short while, we’ll talk about some of the best bookmakers in the F1 market and suggest a solid game plan.

  1. Choose a Bookmaker:

    The first step is choosing the ideal sportsbook for yourself. You can find many platforms in our list of the best F1 betting sites in the market. Compare their offers and select the one that fits your needs and expectations.

  2. Get Familiar with the Bookmaker:

    After selection, make yourself conversant with the bookmaker’s mode of operation. Set up an account with your bookie and verify it to become eligible for withdrawals. Also, don’t forget to check the bookie’s promotions page, terms and conditions.

  3. Fund Your Account:

    You can put money into your account and start placing your F1 bets after verification. Simply choose a payment method from the options available on the sportsbook, then start your transactions.

  4. Place Bets:

    You are now ready to start betting on Formula 1. Visit the F1 racing options on the sportsbook and wager on the available races. Depending on the bookmaker, you can place F1 bets before or during the race.

Formula 1 rules and all about it

Formula 1 rules and all about it

Formula 1 is one of the most popular racing sports. The F1 Championship happens yearly and it has a table with all pilots fighting for the title, the one that finished with more points will be the champion.

The points are given according to the place each pilot finished on the races, from the 1º place – who receives 25 points – to the 10º place – who receives 1 point.  All pilots that finish after the 10º place don’t receive points.. The normal amount of races is between 19 and 20, however, the 2022 Championship had 23 races on it. Each of these races are called Grand Prix – or GP – and it usually takes up to 2 hours.

Each circuit has its own number of laps, however, a F1 race will usually have to complete 305km. The race ends when all racing pilots cross the finish line or when it reaches 2 hours of competition.   10 different teams compete in these races and each team has 2 pilots, making it a total of 20 competitors per season.

  • 10 teams compete on the F1 Season with 2 pilots each
  • The season has different circuits, which are called Grand Prix (GP)
  • GPs are scattered around the world.
  • If a race reaches 2 hours of duration before the last lap, it is finished
  • Apart from the racers’ competition, there is also the teams’ competition
  • The number of laps in each circuit differs, however they must complete 305km

Best 5 Mobile Apps for Formula 1 Betting

Online mobile betting has become an essential service that all bookmakers must provide nowadays as more and more bettors gravitate towards betting with their mobile devices.

In this section, we cover the best sportsbook apps and mobile-optimised websites for Formula 1 betting. Read their pros and cons, then compare and select the one that works best with your bet F1 strategies or needs.

  1. Bet365

    This trendy app is compatible with all mobile devices. Regarding Formula 1, it provides one of the highest valued odds for seasonal Grand Prix races. The platform also offers a live betting feature. You’ll be able to wager on a wide range of F1 events and betting markets.

    Bet365 mobile app
  2. 888sport

    888sport offers an app with a very simple design like its website. This makes it quite fluid and fast. The site also has a section dedicated to Formula 1 betting tips. New members can get juicy promo offers when they sign up on the app.

    888sport mobile app
  3. Mobilewins

    This app features a great user interface, excellent functionality, and a fast loading time. It announces competitive odds for the futures market and all Grand Prix races. The platform also has great promotions.

    Mobilewins mobile app
  4. Paripesa

    Paripesa designed its app to provide convenience for users and it offers fascinating visuals. You can quickly locate what you want on the homepage. Rather than bombard all their content onto one page, they spread them out over multiple pages.

    Paripesa mobile app
  5. Unibet

    Unibet is one of the best live Formula 1 betting platforms for mobile users. Bettors can access many features easily, such as live streaming and a wide range of payment options.

    mobile app

Strategies and Tips for Betting on Formula 1

formula 1 betting strategies and tips

You could win big wagering on Formula 1 online if you understand how it works. If you are new to Formula 1 betting online or an experienced bettor who has been making consistent losses when betting F1 championship inspired, we’ve got you covered.

Below is a collated list of well-researched betting strategies that have worked over the years. While some of them are common knowledge, others are a bit more technical. Regardless of your experience in F1 sports betting, you can still get something useful from these tips.

However, we strongly recommend not rushing. Take some time to study these tips and digest them. You should also test these tactics with small bets to see how successful you are with them. Then, you can go all-in when you’re sure of your strategy.

  1. Don’t Stake on One Driver

    Many people tend to place their bets on just one racer, whether it’s the person who would win a race or the person winning the season’s championship. It takes someone with a sound knowledge of the game to bet on multiple racers. Due to the bumper payout odds for each driver, you can afford to bet on different racers and still make some reasonable residual income.

  2. Study Each Racing Circuit

    Each F1 racing circuit is built differently from the others. Pay attention to how drivers have performed at each circuit in the previous races. This will give you an idea of what to expect. Each circuit requires a specific level of expertise. As much as it is good to know the general performance of drivers, knowing how well they drive at different circuits will give you an advantage.

  3. Observe the Teamwork

    F1 racing consists of 10 teams represented by two drivers each. Even though each driver is fighting for their own interests in the grand scheme of things, the team behind plays a huge role when it comes to success. Therefore, going for the teams with the most efficient solidarity will improve your chances of winning.

  4. Don’t Rely On Qualifying Race Results

    There's a popular notion that the fastest car in a qualifying race will be the fastest in the main event. That isn’t entirely true. Weather conditions may vary from those in the main race. Don’t put all your hopes on qualifiers. Many bettors like to stake on the fastest driver in the qualifying races, forgetting that circumstances can change. A better strategy will be monitoring the cars that top the rankings on tough circuits.

Most Popular F1 Betting Markets

This segment covers the best betting markets that you can access with online Formula 1 bookmakers. The best Formula 1 betting sites offer a wide range of F1 bet online markets. Let’s take a look at the popular ones below.

Live Formula 1 Betting

formula 1 live betting

Live betting is another type of wager you can place on F1 on most of our recommended sites. This kind of bet allows you to play after the race has started. Since Formula 1 is fast-paced motorsport, you need to place your bets on a sportsbook that can keep up with the game’s speed. Luckily, all the sites on our list qualify for live F1 betting.

Our recommended TOP-4 websites for F1 Betting Offers

If you wish to place wagers on Formula 1 but don’t know which betting site to use, we are here to help. We analyzed different options and were able to get the top 4 online bookies in which you can find F1 Free Bets. We gathered some information about them below, take a look at them to get to know these bookies better.

  1. 1 # Website for Formula 1 bets - Bet365

    Founded in 2000 in the UK, Bet365 is currently one of the world's leading bookmakers for online sports betting. Licensed from Malta, this bookie offers its users a 100% first deposit bonus, which can be made with credit cards, prepaid cards and eWallets, all instantly.

    Our recommended TOP-4 websites for F1 Betting Offers - Bet365
  2. 2 # Website for Formula 1 bets - 1xBet

    Based in Cyprus and licensed from Curacao, 1XBet is a very popular option among sports betting fans. It was founded in 2007 and since then has offered bettors good advantages, accepting more than 100 payment methods for deposits and withdrawals, which can take up to 5 working days depending on the method. New users can also enjoy a 100% welcome bonus.

    Our recommended TOP-4 websites for F1 Betting Offers - 1xBet
  3. 3 # Website for Formula 1 bets - Rabona

    This bookmaker is new to the international market, having been founded in 2019. The Curacao license guarantees that it is legal and legitimate, so punters can fearlessly enjoy the great welcome bonus that can be up to 200% depending on your country of origin. There aren't many payment options in this bookie yet, with you only being able to choose between credit cards and the two most popular eWallets (Skrill and Neteller) for withdrawals.

    Our recommended TOP-4 websites for F1 Betting Offers - Rabona
  4. 4 # Website for Formula 1 bets - Unibet

    Unibet is an extremely experienced bookmaker, having been founded in 1997. No wonder it has 3 different international licenses: UK, Malta and Gibraltar. New players can enjoy cashback plus a bonus of up to £10. In addition, there are different payment methods available and the vast majority of them have automatic processing for deposits, while withdrawals can take up to 5 business days.

    Our recommended TOP-4 websites for F1 Betting Offers - Unibet

Top 2 Biggest betting sites for betting on f1

The biggest betting sites are always one of the favorite options for bettors because they usually offer better benefits and great odds. See below for the top betting sites with F1 Betting Offers.

  1. #1 Biggest Formula 1 betting site – Bet365

    This is certainly one of the main online bookmakers in the world, where you can find different sports. For Formula 1 fans, Bet365 offers a good variety of markets, live betting and also good odds for betting on Formula 1.

    Biggest Formula 1 betting site – Bet365
  2. #2 Biggest Formula 1 betting site – William hill

    Another very famous brand in the world of online betting, William Hill which was established in 1998, offers good options for F1 fans, with an interesting variety of betting markets and the possibility to withdraw through different payment methods.

    Biggest Formula 1 betting site – William hill

Always Check Bookmakers for the Best F1 Racing Odds

The odds are very important when betting. The better a game’s odds are, the higher the payout. That’s why we ensure the F1 sites recommended here offer fantastic odds to our readers.

So, you are on the right page if you are looking for the best bookies to bet on F1 racing online. Check back as we regularly update this page with the latest information about these bookies and their odds.

Bookmaker Margin for the Top F1 Racing Leagues

Bookmaker Margin for the Top F1 Racing Leagues
Bookmaker Bahrain Grand Prix Monaco Grand Prix Italian Grand Prix Abu Dhabi Grand Prix
2.27 6.21 3.67 5.12
3.56 6.23 3.12 3.45
3.21 5.34 4.01 4.67
4.11 3.21 4.32 4.01
5.12 3.78 4.67 4.67

Main Pros and Cons if you choose Formula 1 to make online F1 Free Bets

As with every betting sport, there are advantages and disadvantages of betting on f1. We will look at some of them below so you can decide whether or not to bet on this sport.

  • Limitations
  • It’s not widely covered by bookmakers
  • Doesn’t offer a good variety of betting lines.

FAQ

? How does f1 betting work?
It works just like every other bet on sports. You register at a bookmaker, deposit money on your account, choose the F1 race you want to bet and choose a betting line to place your wager on.
? Which Top 3 bookmakers offer betting live F1?
Among those we suggested during the guide, Bet365, 1XBet and also Rabona offer live betting on F1.
? What is the best F1 sportsbook?
There are many good options and we left all of them in this guide. Just take a look at them and enjoy F1 Free Bets and much more.
? Which bookmakers have the best odds for Formula 1 betting?
You can take a look at the table we left in this guide showing bookmakers odds to see which offers the best ones to the race and market you want to bet.
? What types of bets can you place on F1 races?
The most common ones are on the winner of the race, but you can also bet on who is going to have the fastest lap, which races will be on the podium and even make future bets of who will be the champion of the season.

2 ratings, average 5 out of 5