Best Formula 1 Betting Sites

Author Image Written by Michael Butlin GDC - Icon - Black - Info
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Available in United Kingdom

Formula 1 is where the best drivers and constructors battle it out each year in a season filled with epic races. F1's popularity is booming lately and as a result, so is F1 betting.

That's why our Gambling.com experts have ranked the best Formula 1 betting sites, so punters can bet with confidence at safe, legal F1 bookies. There are also perks to be claimed like F1 free bets, so start your engines and choose a welcome offer that suits your preferences.

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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:

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 welcome bonuses and ongoing promotions. 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 available in the UK, so you can decide which ones suit your preferences.

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.

The bet365 welcome bonus provides F1 free bets for new customers, while there are also regular free bets handed out as part of ongoing loyalty promotions.

🏎️ bet365 F1 Betting

Pros
Wide range of F1 markets
F1 free bets for new and existing customers
Cons
Live streaming service doesn't include Formula 1

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.

🏎️ Ladbrokes F1 Betting

Pros
Competitive F1 Odds
F1 news and tips section on-site
Cons
F1 section could be expanded slightly

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.

Latest F1 Betting Odds May 2024

Formula 1 Live Betting

With F1 live betting now offered by the best in-play betting sites, you can place a bet once a race has started.

A lot of Formula 1 betting markets are suited to live betting, such as fastest lap, as you’ll have a better idea of who might record it once you’ve seen the drivers in action (although bear in mind the odds will have changed accordingly).

You won’t be able to live stream the action on betting sites themselves because of broadcasting rights, but every race is shown on TV. Make sure you’re able to pay close attention to the race when making an F1 live bet as you’ll need to know what’s happened, ideally with a raft of statistics and visual insight to hand.

The best bookies will offer cash-out options, meaning you could make a live bet after the race has started and secure a profit before it has finished.

BetVictor, bet365, Unibet and BoyleSports are great for live Formula 1 betting.

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 and 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 and 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 if you’re betting in-play or trying to cash out.

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 the 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.

Why Try F1 Betting?

If you haven’t placed an F1 bet before and are wondering if it’s worth it, here are some of the most enjoyable aspects of F1 betting.

F1 Betting Offers

The best Formula 1 betting sites listed on this page all provide F1-related betting offers for both new and existing customers. New customers can grab a welcome bonus, while ongoing promotions are available to existing customers.

F1 Free Bets

Usually reserved for new customers, free bets are triggered by a deposit or a qualifying real-money bet after you sign up. Sometimes a bonus code also needs to be entered to unlock the free bets. You’ll have to meet certain wagering requirements in order to withdraw any winnings, so check Ts&Cs for those.

Free bets are also sometimes made available as part of loyalty promotions for existing customers after they have signed up.

Enhanced Odds

Also called odds boosts or price boosts, F1 bookies run these in order to entice new players or reward existing players. You might see enhanced odds offered if a driver is in particularly good form coming into a race they usually perform well at.

Acca Insurance

Acca insurance is triggered when one selection in an F1 accumulator lets you down. Your losing stake is refunded, either as cash or free bet funds.

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. In 2021, title rivals Lewis Hamilton and Max Verstappen ended up colliding with one another, with the crash allowing Daniel Ricciardo to secure his first race win since 2018. 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, but seems to always throw up a shock. Only three drivers have won back-to-back GPs there since it started in 2009.

Recent Formula 1 Drivers’ Champions

YearDriverConstructor
2021Max Verstappen (Holland)Red Bull Honda
2020Lewis Hamilton (Britain)Mercedes
2019Lewis Hamilton (Britain)Mercedes
2018Lewis Hamilton (Britain)Mercedes
2017Lewis Hamilton (Britain)Mercedes
2016Nico Rosberg (Germany)Mercedes
2015Lewis Hamilton (Britain)Mercedes
2014Lewis Hamilton (Britain)Mercedes
2013Sebastian Vettel (Germany)Red Bull Renault
2012Sebastian Vettel (Germany)Red Bull Renault

Best Formula 1 Betting Sites – Our Verdict

If you like Formula 1, you’ll love F1 betting. Live betting adds a whole new dimension to the experience of watching a race and it’s simple to place bets online across desktop, mobile or tablet. Keep it fun by betting responsibly at one of the trusted, licensed bookmakers recommended on this page.

FAQ

Can you bet on F1 races?

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Where can you bet on F1?

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Can you place live bets on Formula 1 races?

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What types of bets can you place on F1 races?

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How do you bet on Formula 1?

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Updated by GDC - Icon - Black - Info

Michael Butlin

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