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Formula 1 may not have the rich betting history of a more mainstream sport like football, but with the online betting world now covering anything and everything, the motor sport is growing in popularity amongst punters. Thanks to more and more bookmakers offering odds, many a fan now enjoys a bet while watching the big race on a Sunday.

Much like we’ve done with football betting sites, we’ve compiled a list of the top 10 F1 betting sites, so that punters have an easier time of choosing the best F1 betting odds and who to place their big race bets with.

Top 10 F1 Betting Sites

Our Recommended Bookmakers For Formula 1 Bets

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#1 UK Bookmaker for F1
738 codes CLAIMED

Bet £10 Get £30 in Free Bets

  • Early Formula 1 odds
  • Best odds guaranteed
  • Get £30 cash back if you lose your first bet
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9.8
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Bet £5 Get £20 in Free Bets

  • Impressive F1 section
  • Great selection of F1 markets
  • Host of free bets on offer to customers
9.8

Bet £5 Get £30 in Bonuses

  • Wide range of F1 markets
  • Great Formula 1 odds, bet £5, get £30 welcome offer
  • Thousands of daily in-play markets
9.7

Risk Free £20 Bet for New Customers

  • Enhanced Formula 1 race odds
  • Ante-post odds
  • Host of ongoing promotions to help punters
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9.6
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Risk Free Bet up to £40

  • Ongoing F1 promotions
  • Race retirement insurance
  • Unique Formula 1 markets
9.5

Bet £5 Get £20 in Free Bets

  • Plenty of in-play F1 options
  • Free daily odds boost on any sport
  • Boost, insure & track your ACCA
9.3

How we rank F1 betting sites

There are numerous things to consider when aiming to rank the best betting sites available to Formula 1 punters. Below is a breakdown of our primary criteria.

  • Safety – As the name of our site suggests, we’re keen to make the safety of punters the be all and end all, and this does not change when it comes to F1 betting sites. We only recommend bookmakers that implement all the necessary security measures, while our list only contains fully licensed F1 betting sites.
  • Number of markets – The more markets offered, the higher the F1 betting site will rank. We consider it important to offer punters a choice of betting markets, which is why those who do rank highly.
  • Odds – Getting the best odds is the name of the game. The sites that consistently offer competitive F1 betting odds will feature in our rankings.
  • Promotions – Whether it be sign-up offers, bonuses, special promotions, money back or odds boosts, we believe that online punters need to be rewarded. Sites that perform well in this area will rank highly in our list.
  • Usability – It’s one thing offering competitive F1 betting odds, F1 betting tips and F1 promotions, but if they feature on a site that is tough to navigate and is not user friendly, then there’s little point. Only those F1 betting sites that are well designed and easy to use feature on our list.
  • Features – Features are an important part of any F1 betting site. On top of the usual, do they offer extras such as cash out, F1 news, F1 betting tips, race stats, race commentary? Those sites listed in our top 10 stand out in this area.

Popular Formula 1 Betting Markets

There are several betting markets when it comes to F1. Below are some of the most popular. Conveniently, F1 is one of the more self explanatory sports when it comes to betting, so most bet type can be understood instantly, though brief explanations have been included.

formula 1 betting markets

Race Winner (referred to often as ‘To Win Outright’)
One of the most self explanatory markets that F1 betting sites offer, ‘Race Winner’ is where F1 punters bet on which driver will win the race. So, if we bet on Lewis Hamilton to win the British GP, then the six-time world champion must cross the line in first position for us to get a return.

Fastest Qualifier
This where punters can bet on which driver will come through qualification the fastest. In order for the bet to be deemed a winner, the selected driver must finish the qualification process with the fastest time.

Fastest Lap
Another speed related bet offered by F1 betting sites is ‘Fastest Lap’. When it comes to race day, F1 punters can bet on which driver will have the fastest lap. Once the race is finished, the selected driver must have produced the fast lap of all for a financial return to be obtained.

Top 6 Finish
‘Top 6 Finish’ allows punters to bet on a driver to finish inside the top six places. In order to win, the selected driver must fill one of the first six places at the end of the race.

Podium Finish
This market allows punters to bet on a driver to make the podium. For punters to see a return, their selected driver must finish in either 1st, 2nd or 3rd.

Safety Car Appearance
As the name of the market suggests, ‘Safety Car Appearance’ allows F1 bettors to bet on whether the safety can will or will not make it out onto the track at some point during the race.

First Constructor Retirement
This market allows F1 bettors to select which constructor will be the first to have one of their cars retire from the race, whether through a crash or a car failure. In order to win, the punter must select the constructor that retires first.

How to Succeed at F1 Betting

As is the case with many sports, betting on Formula 1 can be a great way to enhance the viewing experience, though there are those who’d like to take it more seriously. If you are keen to adopt a more serious approach then here are a few pointers that should nudge you in the right direction.

Information

Fortunately, we are living in an age where there is no shortage of information, even if finding the right information often takes some finding. If you’re serious about betting on anything, but particularly F1, then harnessing the information available is key. There are lots of news sites out there that allow you to keep up to date with what’s going on, while there are also lots of expert opinions that can be found in content such as race previews. Find experts that produce good content, keep up to date with what they have to say and learn from them.

Stats 

Again, we’re living an age of statistics. All manner of stats can be found in all manner of places. For F1 there are sites out there that offer great stats, so use them. Knowing that stats can help F1 punters to build a basis, from where they can start to think about predictions, F1 betting odds, and how to spot value in the market.

Drivers

Knowing each of the drivers and how well they’re doing at present isn’t enough. If you’re serious about having a crack at F1 betting, then you must have detailed information about each driver. What are their track preferences? Have they previously performed well under certain conditions and poorly under others? Are they suited to the upcoming race? How do they perform in certain weather conditions?

Constructors/Engines

Similarly, knowledge of the constructors and engines is a must. F1 cars perform in a variety of ways in various circumstances. Knowing how certain cars perform at certain venues, on certain track types, under certain weather conditions can help to give you an edge. Obviously, things change each season, which makes it tough at the start of the season, but as the season rolls on, punters can start to build up a portfolio of the above info, which can start to help yield betting results.

Qualifying 

Paying attention during qualifying is also something that those looking to be on F1 should be doing. Some qualifying sessions won’t be very telling, but  observing other qualifying sessions may just allow you to pick up some useful nuggets of information that can help to inform betting decisions.

Weather 

Weather is key. Many races have been greatly influenced by changing weather or unexpected weather conditions. Knowing what the weather is likely to do can give punters an important advantage, while knowing driver/car weather preferences, punters can make clever in-play betting decisions should their be a sudden change of weather, which in some countries, happens regularly.

F1 Calendar 2020

Due to the effects of COVID-19, we’ve seen revised schedules throughout the sporting world. Formula 1 is no different. Below is the new schedule (at the time of writing) for the remainder of the 2020 season.

Circuit Country Distance Date 2019 Winner
Silverstone Great Britain 306km 9th August Lewis Hamilton
Catalunya Spain 307km 16th August Lewis Hamilton
Spa-Francorchamps Belgium 308km 30th August Charles Leclerc
Monza Italy 306km 6th September Charles Leclerc
Mugella Italy 306km 13th September N/A
Sochi Russia 309km 27th September Lewis Hamilton
Nurburgring Germany 308km 11th October Max Verstappen
Algarve Portugal 306km 25th October N/A
Imola San Marino 308km 1st November N/A

Bottom Line

After understanding the basics, betting on F1 can be an excellent way to inject more fun into the race-day experience, while it can also become a more serious pursuit. F1 offers a host of possibilities from a betting perspective, though it is important to learn plenty before diving in. We recommend using only those sites that are both safe and trusted. Each of the F1 betting sites in our list above check both of those boxes, while they are the best out there in terms of odds, markets, free bets bonuses and features.

FAQ

What day does an F1 race typically take place?

The Formula 1 GP (the race itself) always takes place on a Sunday. The time varies depending on the country of the race.

How are points awarded in F1?

Of the 20 drivers that start a race, the top 10 score points. The race winner earns 25 points, whoever finishes 2nd earns 18. The numbers of points awarded then go down accordingly until the 10th placed driver, who is awarded a single point.

What is pole position?

Pole position is the first starting place ahead of a race. The driver who achieves the fastest lap in qualifying will be rewarded with starting the furthers forward in pole position come race day.

Where can I bet on F1?

Nowadays, there are several F1 betting sites, the best of which are detailed in our top 10.

Will I get a refund if the driver I bet on crashes?

Unless a bookmaker is running a special promotion, then it is commonplace for a bet on a driver who crashes/retires from the race to be deemed a losing one.

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About Bradley Gibbs

About Bradley Gibbs

Freelance sports betting writer, focusing primarily on football in the form of match previews and betting strategy. Over the last few years, Bradley has written for numerous publications, including popular UK newspaper Racing & Football Outlook.