Formula One or F1 is the highest class of auto racing, and it has been held since 1950. The F1 season consists of a number of car races, and these are known as the Grand Prix. The events take place on circuits that are specifically intended for car races, but they may also be held on closed public roads. Betting on F1 has become extremely popular over the years, especially since it can be done on online platforms.
Most recommended Bookmakers for F1 betting
In order to place wagers on Formula One races, you should consider signing up on these platforms:
This website features blue and white colours, and these make it easy to navigate. When you open the sports betting section of 1xBet, you will be able to find F1 races using the menu towards the top of the page. The bookie is known for having lots of betting markets under the F1 racing section. These include the race winner, the participants who will finish in the top 3 positions, and the participants who will finish in the top 10 spots.
- The site offers statistics on the racers, and you will also be able to see the current rankings of the participants.
- There are lots of Formula One betting markets at 1XBet, and the site allows you to use a search function to find specific markets.
- Compared to other top-rated bookies, this one offers very high odds on FI races.
- The website is a little slow.
Bwin is quite easy to use, and this makes it appealing to F1 betting enthusiasts. When you open the sports betting section of the sportsbook, you will be able to see the Formula 1 link at the top of the page. The operator Bwin has a gambling license from the government of Gibraltar, so it has to hold customer funds securely. The main F1 betting market on this platform is the race winner, but lots of other markets are included as well.
- Bwin offers guides on the drivers, so you will have an idea of who you should back in the race.
- On the site, punters can star F1 events so that they access them quickly in future.
- As a new UK punter, you will be able to claim a special welcome offer that can only be used on live matches, including F1 horse races.
- Many customers complain about slow payments from this bookie.
22Bet seems to focus more on football bets, but it also offers great odds on F1 races. The site supports lots of payment methods, so F1 fans from all parts of the world can use it to place wagers on the races. If you would rather bet using your smartphone or tablet, you can download the official 22Bet mobile app on the betting site.
- 22Bet supports lots of odds formats, including decimal, US, Hong Kong, and Malaysian.
- You can view live results of F1 races on the site, so you don’t need to open multiple tabs when betting.
- 22Bet also features lots of useful statistics on F1 races.
- The site is poorly designed, so you will have a hard time using it.
Ladbrokes pays great attention to F1 betting markets. On the platform, punters can place bets on the outright winners and the top 6 finish, among other betting markets. The operator Ladbrokes has an extensive guide to F1 races and F1 betting, so you will not be in the dark when punting on this platform.
- There is a Ladbrokes mobile app, which you can use to punt on F1 races.
- You can stream F1 races at Ladbrokes.
- The bookie has a guide to betting on Formula One races.
- It doesn’t have many offers for existing customers.
888Sport is one of the most famous betting platforms for F1 races. The bookie allows punters to place wagers on ongoing F1 races, and this is one reason why gamblers love this platform. 888Sport also has a mobile app that can be installed on iPhones, iPads, and Android devices.
- Since there is an 888Sport app, punters can participate in F1 betting from any location.
- 888Sport allows punters to place in-play wagers on ongoing Formula One races.
- The bookie has gambling licenses from the UK and Gibraltar, so punters can safely use the site to bet on the F1 races.
- 888Sport does not offer 24/7 telephone support.
Unibet is famous for having a high-quality live streaming service. You can stream F1 races on the platform, and you will also be able to place in-play wagers on the platform. The site of Unibet has lots of interesting betting markets, and some of them allow you to combine different markets.
- The bookie supports different odds formats, including decimal, fractional, and American.
- It features boosted odds promotions, which can help maximise your profits from F1 betting.
- The site will grant you a generous referral bonus, which can be used to punt on F1 races.
- The cash-out option is not always available.
What to consider when choosing where to bet on F1?
When choosing where to bet on F1, you should consider these factors:
- Formula 1 Markets
An important thing you have to consider is the variety of Formula 1 markets available on the platform. The most common betting markets are the race winner and the outright winner. You can also predict the fastest qualifiers, the qualifying winning team, the top 6 to finish, and the fastest lap.
- Live Streaming
You should also look for F1 betting sites that offer live streaming services. Such services will not just make your betting experience more pleasant but will also help you choose better in-play wagers.
- F1 Odds
The best betting sites for F1 have very high odds, and they will also present odds in multiple formats. When evaluating the quality of the odds, you should compare different markets in the F1 sport. This is because a bookie may offer very high odds on sports like football but lower odds on Formula One.
- Useful features
Bookies come with different features, and you should evaluate them before selecting an online betting service. Some features you can check on online bookies include the bet builder, live betting, mobile apps, and the cash-out feature.
- Mobile usability
The best bookmakers for F1 betting also feature excellent mobile apps. However, you can also choose to sign up on a sportsbook that has a usable mobile site. The mobile version should be developed specifically for smartphone and tablet screens, and you should be able to use features like live streaming on your mobile device.
Most Popular F1 Betting Markets
In order to place wagers on Formula One matches, you should understand how the F1 betting markets work. Let’s look at the common markets.
- Fastest Qualifier – This market deals with the qualifying session, and it lets you predict the driver that will finish the session in the shortest period.
- Top 6 Finish – With this F1 betting market, you will have to choose the driver or drivers who you think will finish in the top six positions.
- Podium Finish – When you choose a driver for the podium finish, you will win if they finish in first, second, or third place. Since your chances of winning this bet are high, the odds will be quite low.
- Fastest Lap – In this betting market, you will have to pick the driver who will record the fastest lap in the race. Safety Car Appearance. You can also punt on the chance that there will be a safety car appearance in the race. This betting market is presented in the Yes/ No format.
- First Constructor Retirement – These bets will be activated when the first formation lap starts. The winner will be the constructor of the first car to retire.
You should use F1 bonuses when punting on these races as this will give you a chance to make more money from your wagers. We’ll look at some of these offers in this section.
These promotions are commonly offered to new members of sportsbooks, and they give you a small amount of money to spend on F1 matches. Free bets are only meant to be used to place wagers, and they cannot be withdrawn.
With these promotions, punters are able to use higher odds when punting on F1 matches.
ACCA insurance promotions give you a refund whenever your accumulator bets lose by a single bet.
You can also use F1 profit boosts to maximise your potential winnings in online bookies. These offers are given as percentages of your net winnings, meaning your wager will be excluded.
Some bookies will also give you a failure to finish insurance bonus. This bonus will require you to accept lower odds, but you will get a full refund if your chosen driver fails to complete the race.
F1 Betting Tips
To increase your chances of success when betting on the Formula One, you should use these betting tips:
- Consider the pole position and compare it to the historical data of the track
- Evaluate the strength of the teammates to determine how much they will contribute to the results of the races
- Depending on your risk tolerance, you can bet on the top three or top six drivers as these are easier to get right
- Bet on multiple drivers to win the race, but make sure you check the odds to ensure that you make a profit, regardless of the driver who wins
- Manage your bankroll to ensure that you don’t run out of money after a few wagers
How do you bet on Formula 1?
In order to bet on Formula 1 races, you should click the betting markets and confirm the wagers on the bet slip.
What is the best F1 gambling site?
The best F1 gambling site is Unibet, and this is because it allows punters to watch the races as they place wagers. This bookie also features very high odds and generous bonuses.
What are the most popular F1 betting markets?
The most popular F1 betting markets are the race winners, the fastest qualifiers, and the F1 blast outright odds.
How do F1 winnings work?
Whenever you punt with real money, your F1 winnings will be sent directly to your withdrawable balance.
You can punt on Formula One races using excellent betting sites like Bet365, 22Bet, Unibet, and Ladbrokes. When selecting a betting site for the F1, you should check the F1 betting markets featured on the bookie, the prices offered, and the features included in the bookie. Also, you should check whether you can stream F1 races on the sportsbook. If you normally place wagers on your mobile phone, you should also look for a betting service that has a good mobile app. It is also essential to sign up on bookies that have generous F1 bonuses. With such platforms, you will have a chance of winning higher amounts of money for the same size of bets.