Formula One Betting

Written by: Joseph Falchetti, Editor-in-Chief, Pro Sports Bettor and Casino Expert
Last updated:
9 minute read
f1 betting online

Formula One is the pinnacle of motorsports and so is F1 betting online. Wagering online on Formula One can be considered a niche market thou one that is growing fast.

There is any number of methods to approach betting online with dozens of F1 betting markets and access to cutting-edge statistical analysis.

This detailed guide will show you how to enhance your chances of making a profit F1 bet during the season.

Best F1 Betting Sites 2024

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    How To Bet On F1 Online

    The mechanics of Formula 1 betting online are the same as betting on any other sport online. The concepts and strategies are similar to what you would use when betting on football or horse racing

    Below you will find a quick step by step guide on how to place F1 bets at one of our recommended betting sites.

    1. Choose A Trusted Betting Site For F1 Betting – Most online sportsbooks offer formula one as part of their sports betting menu. Check out our recommended online F1 betting sites.
    2. Choose Formula 1 Grand Prix Race – Before you can pick your F1 driver, you must choose the Grand Prix you want to bet on. Formula one always happen on the weekends throughout the year with a few weeks off for the winter and summer vacations.
    3. Choose Your F1 Driver And Bet Type – Now comes the time to place your bet. Choose the race driver you want to bet on then select your bet type. Formula one bets are easy to understand. However, it’s important to fully understand each bet type before betting.
    4. Confirm Your Bet – Online sportsbooks usually require few clicks to confirm a bet. One click to add it to your bet slip, another to place the bet and a final click to finalize the bet. Make sure that your wager amount and selection are correct before placing your bet.
    5. Enjoy The Race Weekend – Once you have placed all your F1 bets relax and grab a beer while you watch the drivers speeding around the circuit.

    F1 Bets Explained

    There are few betting markets for Formula One. The various bet options provide enough action not only to seasoned sports bettors but also to novices who are just starting in F1 betting.

    Below, you will find the most popular Formula One bets and detailed information about each wager.


    FIA Formula One World Championship Driver's Trophy

    An outright bet on which driver will win the drivers’ championship. This is awarded to the race driver which accumulates the most of points throughout the racing season.

    Points are awarded to the first 10 drivers who finish the race.

    Each point is very valuable which leads to fierce competition amongst the drivers and makes watching the race exciting.


    Similar to F1 drivers’ championship, this title is awarded to the team which finished with the most points cumulatively after a full racing season.

    Again, points are awarded to the first ten cars and their respective constructors. Winning this title is as prestigious as winning the Driver’s Championship.


    This is an outright bet on any F1 driver to finish on the podium. If the driver you selected either finishes first or crosses the line in the top-three positions you will win your bet.


    The Grand Prix winner is the most popular of bets in F1 betting. The race winner in Formula One is decided by which driver finishes the race and crosses the finish line ahead of the rest of the field.


    The pole position is decided on Saturday before race day in the qualifying. Whoever gets the pole usually has the highest chances of winning the whole race as on certain tracks this position provides a significant advantage.

    Formula 1 Betting Strategies

    There are a number of different strategies which you should use in order to improve your understanding of Formula One and increase your chances of making winning bets. Below, you will find the most important strategies to help you start betting online on Formula 1 races.


    It’s important to understand that Formula One is a largely data-driven sport. Tiny details often have a profound impact on the outcome of any race or driver’s performance.

    Therefore, having in-depth statistical knowledge will boost your ability to pick the winner. We recommend as a good place to look up F1 statistics.


    Not all racing circuits are made equal. Some have tight corners, short straightaways, or dirty surface, therefore, knowing which track a certain driver favors is vital to take into account ahead of a race weekend.

    It is also important to be aware of each driver’s racing history and style as it pertains to a particular Grand Prix circuit as this will improve your betting prediction.


    Don’t forget to read race previews written by experts in the build-up to the Formula One weekend. They often have useful F1 news and inside knowledge about race drivers and teams heading into the Grand Prix.

    You should take this insider information into account as part of your overall research before making any bet selection.


    The weather during the race weekend plays a huge roll in the outcome of Grand Prix. Falling rain has produced some of the most infamous racing incidents in the sport’s history and caused some shocking F1 race results.

    Research which driver fares better in wet or interchangeable conditions as it will influence the outcome of a race.


    The grid position at Grand Prix circuits has a bigger role than any other factors mentioned above. For example, the Monaco track, which is notoriously twisty and makes it hard for drivers to overtake one another with only one clear overtaking opportunity. On the other hand, the Canadian Grand Prix offers areas to pass on almost every corner. The more passing opportunities a track has the higher chances that F1 driver can win from behind.

    Best Formula 1 Betting Sites

    Are you looking for the best Formula 1 betting sites to place your motorsports bets? There are numerous online gambling websites across the globe.

    SBS’ professional motorsports bettors have narrowed down the list to the top 3 online betting sites for F1 races that allow placing sports bets from the United States and around the world.

    Below you will find the current ranking for the best online sportsbook to be used for Formula One wagering.

    Rank Top Sportsbooks Deposit bonus Get Started
    1 Deposit bonus 100% Up To $2,500 Bet Now
    2 Deposit bonus 50% Up To $250 Bet Now
    3 Deposit bonus 125% Up To $1,250 Bet Now
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    6 Deposit bonus 100% Up To $1,000 Bet Now
    7 Deposit bonus 50% Up To $1,000 Bet Now
    8 Deposit bonus 50% Up To $1,000 Bet Now

    Top F1 Betting Sites Reviewed

    MyBookie – Best Site for Formula 1 Betting

    MyBookie sportsbook

    MyBookie is a newer online betting website on the offshore motorsports betting scene but it has a large variety of markets and offers a large deposit bonus of 50% Up To $1,000.

    MyBookie has a prop builder and a massive list of markets, along with other top features.

    Why Bet at MyBookie?

    • Accepts Cryptocurrencies
    • Accepts credit card deposits
    • Timely payouts guarantees
    • F1, Nascar or MotoGP bonuses year-round
    • Generous deposit bonus up to $1000
    • Excellent software for desktop and mobile


    Bovada logo

    Bovada has a smaller bonus compared to sites but it comes with a much lower rollover. Bettors will get a 50% Up To $250 Freeplay Welcome Bonus on their first deposit.

    It’s one of the few online betting sites that has a VIP Points cash program on all bets.

    Why Bet at Bovada?

    • Softest odds in the market
    • Valuable welcome bonuses
    • Competitive odds
    • $10 dollar deposits with cryptocurrencies
    • One of the fastest sites to process payouts
    • They have live betting, props, straight bets, parlays, and more to satisfy every sports enthusiast.

    sportsbetting sportsbook payout report  gives bettors the ideal combination of quick payouts, large deposit bonuses, and high betting limits.

    It has over a decade in the industry and offers new players a 50% Up To $1,000 Bonus on their first deposit.

    Why Bet at SportsBetting?

    • Accepts Litecoin and Bitcoin
    • Credit card deposits accepted
    • Excellent and timely payouts
    • Competitive odds for Nascar, F1 or MotoGP
    • Motorsports bonuses
    • Large assortment of sports betting markets

    Formula 1 Typical Weekend

    A Formula One race is very different from most sporting events. Football, basketball, soccer and many other popular sports are all one team versus another, therefore, there are only three possible outcomes either a win for either team or a draw.

    During F1 racing weekend, 20 competitors line up for each race, which means there are over a million different combinations of finishing results for a race. This in turns offers endless opportunities.


    The track action begins with two 90 minute practice sessions on Friday. These don’t count towards the final race result and add nothing from the betting point of view.

    However, they are very valuable in terms of what they can teach you about the performance of each F1 car and the driver which you can later use in the decision process on what driver you will place your bet.


    It is a good habit of checking the weather forecast for qualifying, as rain will make conditions more unpredictable. Some drivers, Hamilton or Vettel, can perform in the rain as well as on the dry circuit but for some the rain brings nightmares.

    Besides the drivers, difficult weather condition also affects racing cars performance plus tire selection which is of the utmost importance in the F1 race.

    The Formula 1 qualifying is run as a three-stage knockout. Depending on how many cars are entered, a group of the slowest drivers is eliminated in Q1, and again in Q2, leaving a ten cars race for the pole position in Q3.

    A great market to look at during qualifying are the odds for pole position. By this stage, you would have had plenty of opportunities to see a car and teams performance at the circuit during free practice and should have some good insight on who could potentially win the race.


    A Formula One Grand Prix is run to a minimum distance of 305 km (189.5 miles) with a maximum time limit of two hours. Many races are decided at the start, hence the importance of the pole position from the qualifying, as whoever leads the field at the end of lap one has the benefit of a clear track in front of them which allows for greater speeds and make the overtaking very difficult from behind.

    Sunday is where the information collected from Friday practice comes into play. A team may lock out the front row of the grid in qualifying but if their tire life is poor they’re unlikely to win. Paying attention to the whole weekend and looking at team strategy throughout the weekend can pay handsomely when betting on F1 at sportsbooks.

    Formula One History

    Formula One History

    Formula One has been the premier single-seater motorsport competition for 68 years since the maiden season in 1950. Giuseppe Farina was the first F1 World Champion, with Italy’s Alberto Ascari the first multiple World Champion following title success in 1952 and 1953.

    There have been 16 multiple World Champions, with Michael Schumacher topping the leaderboard with seven titles to his name, making him three clear of the closest challenger in Formula 1’s history of winners thou Hamilton each year is getting closer to beating this record.

    The United Kingdom is the most successful of all nationalities, with 16 World Championships, with Germany trailing by six largely due to the success of Schumacher and Vettel since 2000 and him having few more years behind the wheel in the F1 car we can expect this record to fall.

    In terms of constructor success, Ferrari has participated in every World Championship since 1950, having featured in over 900 Grand Prix.

    The Prancing Horse team has also won the most Constructor’s Championships, 15. Mercedes, the Silver Arrows, returned to the grid in 2010 following a 45-year absence but regular mainstays include McLaren debutant in 1966 and Williams, who first appeared in an F1 event in 1978.

    About the Author

    Joseph Falchetti

    Joseph Falchetti

    Editor-in-Chief, Pro Sports Bettor and Casino Expert

    Joe is the author of the majority of sports betting pages on SBS and he serves as a gambling consultant to our content team. He's been mentioned on as a gaming analyst, and his articles have been linked by larger publications, such as the New York Times.

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