F1 betting

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 1xBet

Deposit bonus up to €100

 BET HERE Go to 1xBet website
2 20bet

Sign up offer up to €100

 BET HERE Go to 20bet website
3 Bet365

Up to €100 in bet credits

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

 BET HERE Go to Bet365 website
4 888sport

Bet 10€ Get 30€ in Free Bets

 BET HERE Go to 888sport website
5 William Hill

Bet 10€ Get 30€ in Free Bets

 BET HERE Go to William Hill website
6 22bet

Welcome Bonus up to €122

 BET HERE Go to 22bet website
7 10Bet

50% up to 50€

 BET HERE Go to 10Bet website
8 Paripesa

100% up to 100€

 BET HERE Go to Paripesa website
9 Melbet

Sign up offer up to €100

 BET HERE Go to Melbet website
10 Betzest

1st Deposit deal Up to $/€100

 BET HERE Go to Betzest website
11 Shangri La Live

100% up to 100€

 BET HERE Go to Shangri La Live website
12 Powbet

100% up to 100€

 BET HERE Go to Powbet website
13 Megapari

100% up to 130$ with code 'MIGHTYPARI'

 BET HERE Go to Megapari website
14 Intertops

3 bonuses to choose from: 50$, 100$, 200$

 BET HERE Go to Intertops website
15 Unibet

Not available in your location

Check out other bookmakers instead
BET HERE Go to Unibet website

Best F1 Racing Bookies – The Ultimate Guide

Updated:

In this review, we cover:

Welcome to our F1 betting guide, where we give you detailed information about all the bookmakers listed earlier. 

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.

🏛️ 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.

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
    Bet365 Review Bet here

  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
    888sport Review Bet here

  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
    Mobilewins Review

  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
    Paripesa Review Bet here

  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
    Unibet Review

Strategies and Tips for Betting on Formula 1

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.

formula 1 betting strategies and tips

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.

Race Winners

Not only is this the most popular betting market in Formula 1, but it’s also the most popular in every other sport. In a race, anything can happen, hence, the relatively high payout odds in F1 compared to other sports. If you trust your knowledge about the game, then you can take a shot and bet on your desired racer.

Number of Victories Won by a Racer in a Season

This one’s an exception to the norm. Here, the bookies offer a market outside the one where you can typically bet on a race. If you’ve been keeping abreast of Formula 1 for a long time and know the game inside and out, predicting the number of wins a particular driver will get in the season shouldn’t be much of a problem.

The Best Constructor

This is the last but not least on the list. Most bettors stake on Mercedes but its payout odds are not as appealing as the other car manufacturers. People who have followed this sport over the years can make pretty accurate predictions about constructors. If you don’t know which team to bet on, check the results from the last few years.

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 10 Websites for F1 Betting Online

This is where we look at some of the best Formula One betting sites in the world, packed with golden opportunities, such as great promotions, competitive odds and convenient payment options, to help you get massive cashouts.

  1. Vbet

    This F1 championship betting site provides excellent betting options with the most prime value odds online. The bookie features generous bonuses when you sign up and make qualifying deposits. Plus, the website is appealing and easy to navigate.

    Vbet home page
    Vbet Review

  2. Unibet

    There are loads of benefits up for grabs at Unibet. Some include free bets, enhanced odds, win boosts and many more. These and the available F1 betting live options on this site make it an excellent platform for F1 betting 2022.

    Unibet home page
    Unibet Review

  3. Tonybet

    A sports betting site with various withdrawal and deposit options. The website is modern and loads quickly. It also supports live betting and fast market features. The fast market will make your F1 betting live experience much more exciting and enjoyable.

    Tonybet promo page
    TonyBet Review

  4. Boylesports

    The website has a classy design. It offers you an enjoyable experience when betting on F1 Racing. In addition, Boylesports has a vast library of sports available. You can join to claim bonuses and other existing offers.

    Boylesports home page
    Boylesports Review

  5. Parimatch

    If you’re looking for a sportsbook that is great for Formula One betting, then look no further than Parimatch. The platform provides an intuitive user interface with great odds. It also supports crypto payments and offers a range of crypto-related promos and bonuses.

    Parimatch promo page
    Parimatch Review

  6. William Hill

    It has a straightforward point spread. Its live betting feature is well organised and spacious and provides favourable bets for more profit. William Hill also serves rare 2022 F1 betting offers like parlay super boosts and sports specials.

    William Hill promo page
    William Hill Review Bet here

  7. 20Bet

    20Bet is another sportsbook to note if you are looking for a premium F1 betting experience. The bookie welcomes new players, provides impressive bonuses, and offers several betting markets on Formula 1 racing.

    20Bet promo page
    20bet Review Bet here

  8. Bethard

    At Bethard, every bettor can be a winner. Even if your bets don’t win, you can have a rewarding experience gambling on the site with free bets, cashback, and other offers. The website is also highly compatible with Android and iOS mobile devices.

    Bethard promo page
    Bethard Review

  9. Goalbet

    Goalbet is quite experienced in the online sports betting industry. The site features a comprehensive sportsbook, secure payment methods and regular promotions. In addition, the platform has a pretty rich casino section as well.

    Goalbet home page
    Goalbet Review

  10. Powbet

    Benefit from great F1 odds and special features like enhanced odds, live streaming and live betting at Powbet. The brand is licensed by Curacao eGaming and has advanced security encryption, guaranteeing a safe and fair betting experience.

    Powbet promo page
    Powbet Review Bet here

Popular F1 Events to Bet On

At this stage, we believe you know more than enough about gambling online on the best F1 betting sites. But we’re not done yet. Below, we list the best and most popular F1 events in the world.

Bahrain Grand Prix

Held at the Bahrain International Circuit, Sakhir, this Grand Prix marks the official start of the Formula 1 race season. Bettors always have a great opportunity to bank good profits from this race because it’s unpredictable. As a result, the payout odds are very high.

Monaco Grand Prix

This is held at Circuit De Monaco, one of the most awe-inspiring Formula one circuits.

Unlike the Bahrain Grand Prix, this race is very predictable, which is why many people bet on it. Most of the time, the driver who wins the qualifying race ends up winning the main one. This Grand Prix is the safest to place your stake on.

Italian Grand Prix

This event takes place at the Monza Circuit and offers a lot of excitement. The tracks are wide; they consist majorly of straight roads and have few corners, which gives room for very high speed. Hence, spectators get to see so much bustle as the cars battle it out to cross the finish line first.

Abu Dhabi Grand Prix

Yas Marina Circuit, Abu Dhabi, is this race’s location. This is where the F1 Championship Final is held. There has been a lot of drama mixed with controversy at this event. In 2021, Max Verstappen and Lewis Hamilton were tied for the top spot, so the event is a favourite for many bettors.

Top 5 New F1 Betting Sites

As online sports betting gets more and more popular every day, it’s no surprise that new platforms are joining the scene. Let’s examine the latest F1 betting sites below.

  1. Sportaza

    Sportaza is one of the newest sites on the block. Yet, it has excellent features to compete with the oldies in the game. The bookie offers a wide range of F1 betting markets and regular bonuses for members.

    new betting sites - new bookmaker Sportaza home page
    Sportaza Review

  2. iBet

    Want a fresh experience of betting on F1 racing online? Then iBet is your best bet. The website has a simplistic design with easily navigable pages. Thanks to nice bonuses and mobile compatibility, you will find betting on the platform enjoyable and rewarding.

    new betting sites - new bookmaker iBet home page
    iBet Review

  3. Betzest

    Betzest is on our list for several reasons, including numerous F1 betting markets and appealing bonus offers for its members. Furthermore, the website is highly compatible with mobile devices so that you can play on the go.

    new betting sites - new bookmaker Betzest home page
    Betzest Review Bet here

  4. Lilibet

    Although this platform has been in the sports betting industry for a few years, Lilibet is still relatively new in the market. However, its offers are legendary. Huge bonuses, top-notch security and various payment methods are just some reasons for this.

    new betting sites - new bookmaker Lilibet home page
    Lilibet Review

  5. Fezbet

    Although the operator has been around since 1996, the Fezbet sportsbook went live in 2020. The website supports multiple languages. Plus, F1 racing is one of the various sports available for wagering on the site.

    new betting sites - new bookmaker Fezbet promo page page
    FEZbet Review

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.

Grand Prix Emilia Romagna Race - Winner
Charles Leclerc Max Verstappen Carlos Sainz Jr Sergio Perez Lewis Hamilton
Sportaza 2.21 2.65 8.80 13.00 16.00
Powbet 2.21 2.65 8.80 13.00 16.00
888sport 2.15 2.62 8.50 12.00 15.00
Unibet 2.00 2.75 8.00 10.00 21.00
William Hill 2.25 2.75 8.50 12.00 15.00

FAQ

? Does every online bookie cover Formula One?
F1 racing is becoming a trendy sport but not every bookmaker covers it. However, the F1 bookies on our list offer this fast-paced sport.
? What is the best bet for F1 Racing?
The best bet is wagering on the winner of the F1 Championships because the betting odds F1 world champion options are usually more predictable than other markets, yet bets can be made in advance when the odds are still fairly good.
? Where can I bet on Formula 1?
You can place your bets with an online bookmaker. The F1 bookmakers listed here feature betting opportunities throughout the season.
? Who are the best racers in Formula One?
Some of the track legends are Lewis Hamilton, Max Verstappen, Sebastian Vettel and Valtteri Bottas.
? Can I make a solid win from F1 betting?
Yes, you can make a solid profit from live Formula 1 betting. You just need to do your research and develop a game-winning strategy.

2 ratings, average 5 out of 5

Review Author

Vadims Mikeļevičs

Vadims Mikeļevičs

Vadims Mikeļevičs is an e-sports and biathlon enthusiast with years of writing experience about games, sports, and bookmakers.