Best Formula 1 Betting Sites & F1 Betting Apps 2024

We've ranked and reviewed the best F1 betting sites Australia and F1 betting apps available in 2024 here. Find out where and how to bet on Formula One here with this expert F1 betting guide.

How we Rank The Best Formula 1 Betting Sites

We have a detailed review process when searching for the best Formula 1 betting sites, which includes examining the following factors:

• Safety & Security: We only recommend F1 bookies that are fully licensed and regulated by respected regulatory bodies like the UK Gambling Commission and Malta Gaming Authority. We also want to see the latest data encryption software being utilised so your sensitive personal information isn’t at risk of being shared or hacked.
• Range of F1 Betting Markets: The F1 betting sites that stand out will offer a wide range of F1 betting markets, not just outright markets on the World Drivers’ Championship, Constructors’ Championship or winners of each Grand Prix. Fastest qualifier, fastest lap, points finish, first driver retirement, safety car, podium finish and winning margin are just some of the other betting options we like to see.
• Mobile Usability: These days, bettors rightly expect to be able to wager on-the-go with mobile devices, whenever suits them. User-friendly mobile betting apps for Android or iOS users make this possible, while fully mobile-optimised sites can sometimes be just as good as well.
• Banking Options: Players should be given as much choice as possible when it comes to depositing and withdrawing funds. While credit cards often can't be used at betting sites, a wide range of debit cards, e-wallets and sometimes even cryptocurrency options are offered.
• Customer Support: A 24/7 live chat function has almost become a necessity for the best sports betting sites, where you can get swift help for any questions that might come up. Free-to-call phone lines, email addresses, on-site contact forms and even social media accounts are other options.
• Formula 1 Odds: Players want to use sites that offer the most competitive odds and will switch if they think their hard-earned money could go further elsewhere. We compare the best F1 odds to recommend the sites that come out on top in this department.

How to Bet on Formula 1

Betting on F1 is simple once you know how to fill in a betting slip. Just follow these step-by-step instructions to get started:

1. Select an F1 Betting Site: Choose a recommended F1 betting site or betting app on this page and click the 'visit site' button.
2. Register: Enter all the required information to sign up, such as name, email, and date of birth. You will need to follow a confirmation email and supply documentation to verify your identity too.
3. Make a Deposit: Using one of the accepted payment methods, put some money into your account that you can use for your first bet.
4. Place an F1 Bet: From the list of available sports, navigate to the F1 betting market you want to bet on, choose your bet type and stake, then press 'confirm' or 'place bet'.

A Closer Look at the Best Formula 1 Betting Sites

If you want the best experience when betting on F1, consider using a number of different online bookmakers.

This way, you can claim multiple offers. You can also compare betting odds across sites and select the the best prices for any given race.

Below, we’ve put some of the best Formula 1 betting sites under the microscope, including the latest new betting sites, so you can decide which ones suit your preferences.

Betfair

Betfair was created in 2000 and is now the world’s largest betting exchange site, where you can back and lay on F1 betting markets.

Betfair also has a conventional sportsbook which features a number of great offers for F1 bettors.

You can also read the Betfair blog to get regular F1 race previews and betting tips from experts, along with handy betting guides.

Betfair has all the betting markets we expect to see online and also offers regular enhanced prices on Formula 1 races.

bet365

bet365 is one of the world's favourite online bookmakers, founded in 2000 and based in Stoke-on-Trent.

The site has a sophisticated F1 offering, with bet boosts at the top of the Formula 1 page in the build-up to races revealing a range of enhanced odds.

bet365 is great for in-play betting and has a quick, responsive cash-out feature, but this betting site really stands out for the variety of F1 bets available, with nearly 50 markets offered for each race.

Ladbrokes

Ladbrokes has a rich history of betting, having been established way back in 1886.

Now owned by Entain PLC, this bookmaker has built a great reputation across sports betting products and is among the best F1 bookies online.

The F1 section includes in-play and outright markets, although the offering isn’t quite as strong visually as some competitors.

Where Ladbrokes does stand out among the best Formula 1 betting sites is pricing - and you'll rarely see this betting site beaten when it comes to F1 odds.

Like 888sport and bet365, Ladbrokes also has a news site, where F1 betting tips, predictions and guides are posted.

Types of F1 Bets Explained

Below we’ve outlined the markets that represent some of the most popular types of F1 bets players go for.

• Race Winner: The most popular F1 bet is the race winner market and it’s as simple as it sounds - a bet on which driver will win the race. You can choose from any driver in the field and if your selection wins then you land the bet. A nice way for beginners to start F1 betting.
• Podium Finish: Another popular option, this bet sees you select which driver you think will finish on the podium - so either in first, second or third place. As long as your chosen driver finishes in one of the top three spots, you’ll win the bet. The odds will not be as enticing as race winner wagers but you could still win your bet even if they fall short and end up third. Another good choice for beginners.
• World Drivers’ Championship Betting: This bet sees you backing one driver to win the Championship at the end of the season. You might want to place this bet before the season starts or you could always jump in with a bet mid-season. You’ll win if your driver ends up taking home the Championship. This bet type is attractive to many as it gives you an interest across an entire season, as long as the driver you've backed is in contention.
• Top 6 Finish: Similar to the podium finish bet, here you’re selecting a driver to finish in one of the top six positions. This could be a good opportunity to back an underdog driver to do well in a certain race at high odds.
• Fastest Lap: Fairly self-explanatory, here you are betting on a driver to record the fastest lap. It could come in practice, qualification or the main race itself, so check the market-specifics before you make your wager.

Latest F1 Betting Odds December 2024

F1 Betting Tips – Top 3 Strategies to Employ

The most successful F1 bettors have a watertight knowledge of the sport, using statistics and insights to their advantage when betting. Anyone can get lucky from time-to-time, but you should strive to know the drivers and their performances inside-out to make regular winning bets.

Our Formula 1 betting experts have picked out the top three F1 betting tips to help you make winning selections.

Pay Attention to Track & Seasonal Form

Bettors must be aware of two different types of form going into any race - track form and seasonal form. Track form covers how a specific driver has fared at a certain track in previous seasons and seasonal form is how they are performing overall in a particular season.

Different drivers suit different tracks and can often specialise at certain tracks. For example, Nico Rosberg won the Monaco GP three years in-a-row from 2013 to 2015 and Lewis Hamilton has won the British GP more times than any other driver in history.

So, if a driver has great track form and seasonal form going into a certain race, you can feel confident about backing them.

Tyres & Track Temperatures

As different cars prefer different compounds, some drivers are favoured on certain circuits not because of their form, but how their car reacts to the track.

Track temperature can quickly affect the performance of tyres, so keep an eye out for this factor.

In previous seasons, Mercedes has seemed to cope better with a variety of track temperatures, while Ferrari seems to have smaller operating windows.

Be Aware of Weather Forecast

Always be aware of the weather forecast when placing a bet on F1. Given drivers will race a track over multiple days for practice, qualifying and the main event itself, weather can impact their performance.

The rain is often a great leveller and a rainy day can provide some surprising upsets. When a track is wet, the cars with the highest top-speed are hindered and may struggle to reach that speed.

Examine who won races when the conditions were wet earlier in the season or in previous campaigns, as there will be clues as to who understands their car better or makes fewer mistakes. During the rain this could be vital.

Biggest Races For F1 Betting

The Bahrain GP is now the first race of the season on the F1 circuit, which makes it an interesting prospect for bettors as it's the first time you’ll see the drivers in action since the previous year. 

The odds for the race at the Bahrain International Circuit in Sakhir often throw up good value.

The world-renowned Monaco Grand Prix is probably the most iconic race of the lot, a glamorous event held in the super-rich principality on the French Riviera. 

Held on a narrow course snaking around the streets of Monaco over two miles long, spectators are treated to 78 laps of action. Due to the course layout, the driver in pole position when the race starts usually ends up the winner.

Set at the historic ‘Temple of Speed’ Monza Circuit, the Italian GP is often dramatic and sometimes even fatal. With few corners and a number of wide straights, there is always scope for wheel-to-wheel action and lots of overtaking. 

But unfortunately it sometimes ends tragically, with three drivers losing their lives at the oldest course in mainland Europe.

The Abu Dhabi GP is well-established as the season finale and often used to throw up surprise winners, before Max Verstappen came to dominate.

Best Formula 1 Betting Sites – Final Verdict

If you like Formula 1, you’ll love F1 betting. 

Keep it fun by betting responsibly at one of the trusted, licensed Formula 1 betting sites recommended on this page.