Formula 1 and F1 Betting Sites

SportsBoom is here to help you on your F1 betting journey as we delve deep into the most comprehensive formula 1 betting guide for your convenience.

Louis Hobbs

Written by: Louis Hobbs

(Senior Sports Writer)

Fact checked by: Naim Rosinski

(Content Manager)

Last updated: 2024-05-07

9 minutes read

If you love Formula 1 and are looking for the best F1 betting sites, you’ll already know there are more than a few out there. Conduct a simple online search for the best betting sites for F1, and you’ll find all the big names promoting their coverage as the best in the business, challenged by the most impressive new arrivals.

It’s a crowded market with many sites claiming to be the best, so finding the right one for you can be challenging. Thankfully, your dedicated and experienced content team is here to help. SportsBoom researched the market in detail, separating the sites that claim to be the best from those that can live up to the hype.

Keep reading as we help you uncover the best F1 betting site ahead of the next Grand Prix.

How to Sign Up with an F1 Sportsbook Online

When you’ve researched the betting sites F1 fans love to follow and chosen the one best suited to you, it’s time to register. You can browse all gambling apps to check their features, compare odds, and test markets, but you must have an active betting account to bet on Formula 1.

Thankfully, you can create an account at the best F1 betting sites in minutes using your desktop computer or mobile. Registration is quick, easy, and secure, allowing users to create an account in minutes, deposit funds, and start gambling. Bookmakers know customers would rather spend time finding value and gambling than filling out registration forms.

If you are all set and ready, follow the steps below to create an account at any respected bookmaker. It takes just a few minutes, you can join from anywhere, and you must register only once. Remember to follow each step carefully, as missing just one could delay your account verification or cause you to miss the welcome bonus reserved for new arrivals.

  1. Choose the best sites to bet on F1 and click “Join.”
  2. Complete the registration form, providing your name, email address, and age.
  3. Create a username and password that’s memorable but secure.
  4. Add the promo code if required and deposit $10 or more.
  5. Your account is live, a welcome bonus will appear, and you can now bet on F1.

 

When joining a new online sportsbook, you must verify your details to ensure you are who you claim to be and old enough to gamble. Verifying may seem like an added hurdle, but it’s quick and simple. Follow these steps to register at any major F1 betting site.

  1. Receive the request to verify your details.
  2. Use your smartphone to take a snap of your photo ID.
  3. Email the image to customer care, and they’ll review the details.
  4. If everything matches your registration, the account is passed.

Which F1 Betting Site Provides the Best Odds?

Seeking betting sites for F1 with the best odds and biggest value each time you gamble? It may seem like a simple enough task, but there’s no easy answer. To get the best odds on every wager, you must shop around. Also known as “line shopping” in some parts of the world, bettors trawl online gambling apps, comparing their prices to find the one that is most generous.

Although their markets seem identical, the top gambling apps have slightly different odds on the same names, teams, and selections. One app may offer Lewis Hamilton at +800 to win the British Grand Prix while a competitor offers +750 and another is +600. The range of odds shows how much the trading team fancies a pick. One firm may be happy to take on Hamilton, while a competitor will remember the Brit’s past success in his home GP and err on the side of caution.

The price differences may seem small, but those margins soon add up and could prove the difference between profit and loss at the end of the Formula 1 season. To ensure you always have the value riding in your passenger seat, it pays to check a betting odds comparison website or app. There, you’ll find the odds offered by all bookies on your pick, with the most generous in bold. That’s the bookie you want to gamble with to ensure your stake works as hard as possible on your behalf.

How to Select Your Formula 1 Betting Site

Now, let’s turn our attention to what you should look for in an F1 betting site. How do you pick a great bookie in a marketplace filled with good gambling sites? You must know which features are available and which you need to improve your chances of making a profit, not just one Grand Prix, but throughout the season.

In this section, we highlight the best features you can find. Although these may seem like luxuries, you should insist on each one as they may drastically improve your chances of making a profit.

We’ve already touched upon odds, but your chosen gambling site should offer the market-best price or joint-best price on every wager. Accepting anything less simply hands yet another advantage to the house, and they already hold all the aces.

You also need live streaming, allowing you to watch the Grand Prix and bet in-play on your laptop or mobile. The best bookies offer free live streaming with live odds, expert predictions, stats, times, commentary, exciting camera angles, and plenty more. When you’ve picked your bet and set your stake, you need a site that offers a generous and reliable cash-out option. The more F1 betting markets available, the better. More markets mean more ways to win, and it shows that the traders love F1 gambling as much as you do. All the favourites should be available with a healthy selection of specials.

Lastly, any online motor racing betting site worth its salt will offer new customers a welcome bonus and existing players a long list of promotions. You want to see free bets, risk-free bets, enhanced odds, cashback, profit boosts, enhanced each way, and other delights.

How to Pick the Best F1 Betting App

Betting on an F1 website is great fun and allows you to wager on several fixtures and markets from the comfort of your home. But what about those who are not at home during the race? In the past, being on the move meant missing the Grand Prix, the betting, and the results before returning home to watch the highlights on TV later that evening. But that’s no longer an issue for F1 gamblers, thanks to the best F1 betting app.

Download an online sportsbook gambling app to your Android or iOS device and enjoy betting from anywhere in the world. If you have Wi-Fi or available data and download an F1 app to your device, you can gamble on the Grand Prix pre-race or in-play, watch the action on the livestream, and keep pace with the results.

A good betting app should have all the same features, bonuses, and benefits as the website but with the added advantage of being mobile. Apps are also a great way to add an extra layer of security to your gambling account, taking advantage of two-step authentication. Use face ID or fingerprint recognition technology to support your username and password. Gamble F1 on the move with the peace of mind that comes from knowing your most sensitive details are protected.

How do you find the best F1 betting app? Just like finding the best website, you must insist on the latest technology, promotions, markets, and features. You also want to bet from anywhere and benefit from the latest security tech. You should read reviews left by everyday users on the App Store and Google Play. Find out what mobile gamblers are saying about an app before registering an account.

Which Payment Methods are the Most Popular at F1 Betting Sites in the UK?

Payment methods are the latest area for leading bookmakers to try and outdo each other, offering instant deposits, fast withdrawals, and convenient options for moving your cash. A betting app or site should offer a long list of payment options. The more, the better, as it allows customers to manage their betting budget better. You want to see debit cards, e-wallets, cash, and even crypto. The leading bookies try to offer as many secure banking options as possible, including Bitcoin and other popular tokens. Crypto is the future of betting, and we’re already seeing several big names make the leap to offer crypto gambling.

3 credit cards on a table

The most popular payment method is debit cards, as they are simple, secure, and give instant access to deposits. Withdrawals are often in your account in less than 24 hours. Waiting times on withdrawals are shortening, moving from the standard 3-5 business days to less than one day and, on occasion, even instant withdrawals. Here’s a list of the payment methods any good F1 betting site should offer to both new and existing players.

  • Debit cards: Mastercard and VISA.
  • E-wallets: PayPal, Skrill, and Neteller.
  • Crypto accounts: Bitcoin and Ethereum.
  • Cash: Pre-paid cards topped up at land-based sportsbooks.

 

Please read the terms and conditions before choosing a payment option. Remember that you can add more than one to your betting account to help you manage your budget. Your bank and the bookmaker should cover all transactions on both ends.

Popular F1 Bets

In this section of our article on the top F1 betting sites, we explain the most popular markets and Formula 1 bet types available today. Check the list below for more details.

Race winner

This is the simplest way to gamble on Formula 1. To do so, you pick a driver to win the race, click their odds, set a stake, and confirm.

Each-way

Bet on a driver to finish in the prize places, usually the top six drivers, although many bookies have different place terms.

Dual forecast

Pick the driver you think will win the race and the runner-up for a dual forecast and crack at great odds.

Winning team

Which constructor will win the Grand Prix? You can double your chances of winning by selecting a team rather than a driver.

Top three finish

The clue is in the name here. Pick a driver to finish in the top three, also known as a podium finish in F1 betting circles.

Fastest qualifier

Enjoy every lap of qualifying by predicting which driver will record the fastest qualifying time.

Not to finish

A market that’s also popular with horse racing bettors. Pick a driver not to finish the Grand Prix.

Winning nationality

Will the winning driver be British, Spanish, or American? You can select a winning nationality to improve your chances of landing a profit.

Drivers' Championship winner

Looking for a long-term bet? Predict which name will win the driver’s championship throughout a campaign.

Constructors' Championship winner

Another season-long interest is the Constructors Championship market. Select which constructor you expect to gather the most points and win the title this season.

Live betting

Thanks to live betting, you can bet pre-match or in-play. When the Grand Prix begins, most of the pre-race markets switch to live, and an in-play betting trader monitors the race and updates the odds accordingly.

Top F1 Drivers

Many F1 bettors like to put their trust in the stats, backing drivers who have won at a certain course before or those with the most driver’s championship medals over the last decade. But who are the top F1 drivers on the circuit by championship titles? Keep reading as we reveal all in this section.

Name

Championships Won

Years of Championship Wins

Michael Schumacher

7

1994, 1995, 2000, 2001, 2002, 2003, 2004

Lewis Hamilton

7

2008, 2014, 2015, 2017, 2018, 2019, 2020

Juan Manuel Fangio

5

1951, 1954, 1955, 1956, 1957

Sebastian Vettel

4

2010, 2011, 2012, 2013

Alain Prost

4

1985, 1986, 1989, 1993

Jack Brabham

3

1959, 1960, 1966

Jackie Stewart

3

1969, 1971, 1973

Niki Lauda

3

1975, 1977, 1984

Nelson Piquet

3

1981, 1983, 1987

Ayrton Senna

3

1988, 1990, 1991

How to Download F1 Betting Apps on Android

After reading online reviews and those posted on Google Play, you can select an F1 betting app. Once you have made your decision, you can download it as follows.

  1. Visit Google Play.
  2. Type the name of your chosen bookmaker into the search bar.
  3. Find the correct sportsbook app and click to download.
  4. The app will automatically download and install in seconds.
  5. You can now use your new F1 betting app.
The Google Play app logo.jpg

How to Download F1 Betting Apps on iPhone

The Apple iPhone is the most popular device for online gamblers, and you can add an F1 betting app by following these simple steps below.

  1. Open the App Store on your device.
  2. Type the name of your chosen bookie in the search bar.
  3. Find the right sportsbook app and click Get.
  4. The app will download and install automatically.
  5. Open the app and log in to gamble on the various F1 markets.
The App Store log

Best F1 Events to Bet On

The Formula 1 season is fast-moving, unpredictable, and great fun. But some Grand Prixs are more attractive than others. Here’s a list of the most popular races on viewing figures.

  • Monaco Grand Prix

The Formula 1 Grand Prix De Monaco 2024 poster

  • Italian Grand Prix (Monza)
  • British Grand Prix (Silverstone)
  • Belgian Grand Prix (Spa-Francorchamps)
  • Australian Grand Prix (Melbourne)
    The Australian Grand Prix tickets poster
  • Brazilian Grand Prix (Interlagos)
  • United States Grand Prix (Austin)
  • Singapore Grand Prix

The Singapore Airlines Singapore Grand Prix Formula 1 poster in 2024

  • Japanese Grand Prix (Suzuka)
  • Abu Dhabi Grand Prix

F1 Betting Sites to Avoid

We now know how to spot a great F1 betting site, but do you understand which red flags to be on the lookout for to avoid a potentially dangerous site? Here are a few pointers. If your bookie has any of these, they’re best avoided.

  • No welcome bonus.
  • No obvious license.
  • Obvious spelling mistakes in the copy.
  • Few recurring deals.
  • Poor customer service.
  • No app or mobile site.
  • No live-streaming.
  • Site is broken or interrupted.
  • Not available in your city.
  • Poor F1 betting odds.

Formula 1 Betting Bonuses

There are many different types of betting bonuses used in the gambling industry as bookies attempt to stand out from the crowd. Here are the most popular.

  • Deposit-matched free bet. Gamble £10 or more and get a free bet to the same stake.
  • No deposit free bet. Get a free bet without making a deposit. These offers are not few and far between.
  • Cashback. Get your stake back if your pick fails to finish the race.
  • Profit boosts. Create an F1 accumulator and get a bonus if you win.
  • Enhanced each way. Get better place terms on your bets compared to the competition.

A good bonus can make or break a bookmaker’s reputation. Be sure to read the terms and conditions attached to the bonus before signing up and staking. Some of the points you should look out for are low deposits, high free bets, winnings paid in cash, over a week to use your free bet, new customers only, and fast settlement.

Promoting Responsible Betting

Always bet responsibly, and if you ever encounter a problem or issue with the amount you are gambling, try your bookmaker’s responsible gambling measures. These include deposit limits and time-outs. You can also decide to self-exclude, which bars your account for 12 months or more.

Never bet more than you can afford to lose, and never gamble in anger or frustration. Chasing losses is also a terrible idea. If you fear you have developed a problem with your betting, always contact a member of staff through your bookmaker’s live chat feature.

F1 Betting Sites FAQ

What are the legal requirements for betting on F1 races online?

You must be aged 18 or older, hold an active gambling account, and reside in a country or city where online betting is legal.

How do I know if an F1 betting site or app is secure?

You should check its license and online security measures. You want to see Secure Socket Layer technology in use.

Can I place live bets during an F1 race?

Yes, you can gamble on a live F1 race by visiting your bookmaker’s in-play or live betting zone.

What happens to my bet if an F1 race is cancelled or postponed?

Your stake will be returned to you in cash.

Are there any exclusive bonuses for betting on F1 races?

Yes, the best F1 betting sites offer many F1 bonuses, including price boosts.

How can I set betting limits on F1 betting sites and apps?

You can set limits in the member’s area under responsible gambling measures.

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