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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 5 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 2020 ranking for the best online sportsbook to be used for Formula One wagering.

Rank	Formula One Betting Sites	Deposit Bonus	Highlights	Get Started
#1	MyBookie.ag	50% Up To $1,000	Popular Good Payouts Bet Variety	Discover More
#2	Bovada.lv	50% Up To $250	US Bettors Only VIP Program Low Rollover	Discover More
#3	GTBets	100% Up To $500	Trustworthy Small Operator Half Point Promo	Discover More
#4	Sportsbetting.ag	50% Up To $1000	Trustworthy Fast Payouts Takes Crypto	Discover More
#5	BetOnline.ag	50% Up To $1000	Best In Class Speedy Payouts Accepts Crypto	Discover More

Best Formula 1 Betting Sites Of 2020

MyBookie Sportsbook

MyBookie Sportsbook 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. Read the full review

Bovada Sportsbook

Bovada Sportsbook has a smaller bonus compared to sites but it comes with a much lower rollover. Bettors will get a 50% Bonus up to $250 on their first deposit at Bovada. It’s one of the few online betting sites that has a VIP Points cash program on all bets. Read the full review

GTBets Sportsbook

GTBets Sportsbook is a smaller operator but one has made waves in U.S. sports betting markets. It’s one of the few gambling websites to offer a free-half point promotion for players’ favorite teams. First-time depositors will 100% Bonus up to $500. Read the full review

Sportsbetting Sportsbook

SportsBetting Sportsbook 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. Read the full review

BetOnline Sportsbook

BetOnline Sportsbook is a skin of SportsBetting, meaning it shares the same management, support, and cashier. Bettors can sign up at both betting websites and have bonuses at both sportsbooks. Its 50% up to $1000 welcome sign up bonus is hard to pass. Read the full review

Motorsports bettors should consider the online betting sites on SBS’ Online Sportsbooks Ranking. Each of the Formula 1 betting websites has been in business for several years and is in good standing with bettors. F1 bettors will find SBS’ online sportsbook review pages contain an in-depth and unbiased analysis of each sportsbooks payout and available markets but also current welcome bonus offerings for each gambling website.

Formula 1 Bets Explained

There are a couple of betting markets for Formula 1. Various bet options provide plenty of action not only to seasoned sports bettors but also to novices who are just starting in motorsports betting. Below, you will find the most popular Formula One bets and detailed information about each wager.

F1 Drivers’ Championship Betting Odds

F1 driver’s championship bet is an outright bet on which driver will win the drivers’ championship. The championship 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 and since each point is very valuable it leads to fierce competition amongst the drivers.

Formula 1 Constructors’ Championship Betting Odds

Formula 1 constructors’ championship bet is another example of an outright bet similar to F1 drivers’ championship. This title is awarded to the team which finished with the most points cumulatively after a full racing season. Points are awarded to the first ten cars and their respective constructors.

Formula One Podium Finisher Betting Odds

Formula one podium finisher 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.

F1 Grand Prix Winner Betting Odds

F1 Grand Prix winner bets 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.

Formula One Pole Position Betting Odds

Formula 1 pole position bet is an outright bet on who will take the front row at the start of the race. The pole is decided on Saturday before race day in the qualifying session. The racer who gets the pole usually has the highest chances of winning the whole race as on certain tracks this position provides a significant advantage.

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Best Formula 1 Betting Sites