Buckle up, racing fans – it’s time to talk about the thrill of Formula 1 betting. The world of motorsports is a high-octane arena, and what better way to add some extra excitement than by putting your money where your favorite driver’s mouthguard is?
Betting on Formula 1 races is a unique experience that combines passion, strategy, and a touch of luck – and there is no better site to enjoy the ride than BetOnline and its $1,000 welcome bonus.
Whether you’re a seasoned gambler or a curious newcomer, this guide will give you insights into the adrenaline-fueled world of Formula 1 betting. Get ready to rev up your engines, and let’s dive in!
Best F1 Betting Sites
- BetOnline: Best overall
- Bovada: Best Formula 1 futures
- MyBookie: Best F1 race odds
- EveryGame: Best international races
- xBet: Best for prop bets
- Thunderpick: Best for crypto
- BetUS: Excellent odds for world championships
- SportsBetting: Great motor sports odds
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1. BetOnline – Best Online Sportsbook for F1 Betting Overall
Pros:
- Highly competitive F1 odds
- $1,000 welcome bonus
- 20 years in business
- 20+ banking options
- Great live betting features
- Boosted odds
Cons:
- ~10% credit card fees
When it comes to Formula 1 betting, it’s very difficult to beat BetOnline. Launched in 2004, this online sportsbook boasts the best odds, plenty of markets, and a sweet $1,000 welcome offer.
Formula 1 Betting Odds and Markets: 5/5
BetOnline’s F1 markets currently focus on the Constructors Championship and Drivers’ Championship, with live betting set to become available as soon as the schedule is updated. This means you’ll be able to make real-time bets as the action unfolds on the track!
BetOnline offers a straightforward option for F1 odds: simply bet on the Constructors or Drivers championship winner. The odds for favorites range from a tempting +140 to a solid +275.
If you’re feeling adventurous, you can go for the underdog with odds skyrocketing as high as +100,000 – like Alpine for the Constructors Championship or Pierre Gasly and Oscar Piastri for the Drivers Championship.
Bonus Deals: 4.95/5
While there aren’t any F1-specific bonuses available at BetOnline, you can use their generous general bonuses for your F1 bets.
These include a 50% sports welcome bonus up to $1,000 ($55 minimum deposit), a 100% 1st-time crypto bonus, and reload bonuses (25% Sports, 30% Crypto Reload).
Banking Methods and Payout Times: 4.9/5
BetOnline offers almost two dozen deposit options featuring popular cryptocurrencies such as Bitcoin and Ethereum and lesser-known digital currencies like Shiba Inu. Naturally, they accept credit cards, too, albeit with increased fees.
The minimum withdrawal amount is a low $20, but it varies based on the selected method, with maximum withdrawal limits ranging from $5,000 to $500,000. Moreover, BetOnline completes withdrawals in less than 24 hours, making it highly efficient.
User Experience: 4.8/5
BetOnline delivers smooth gameplay on both iOS and Android devices without the need for any downloads. The platform provides ongoing customer support via live chat, email, or phone calls.
Previously, the platform’s app encountered some problems; however, it has since been improved and offers total stability.
>>Get a $1,000 welcome bonus when you join BetOnline
2. Bovada – Best F1 Betting Futures Odds
Pros:
- Loads of F1 betting markets
- Great F1 futures
- 30,000+ markets on the site in total
- Up to $750 sign-up deal
- Custom bets via Twitter
Cons:
- Extra steps to find customer support contact info
Bovada offers the widest range of Formula 1 markets and exceptional cryptocurrency optimization.
Formula 1 Betting Odds and Markets: 4.9/5
At Bovada, you’ll find an extensive range of F1 odds tailored to suit your betting style. For instance, Grand Prix winner odds range from -250 to a staggering +50,000 in some instances.
If you prefer betting on free practice races, Bovada has you covered. However, remember that the odds for these races can be quite low. For example, Fernando Alonso is at -400, and Lance Stroll is at +275.
The odds vary significantly for those betting on the Top 3 Finish. The top 6 Finish odds are somewhat lower. Bovada also offers other notable betting options such as the fastest qualifier, qualifying winning car, qualifying winning margin, both team drivers to finish in the top 3/6/10, fastest lap, and driver to lead a lap. And you can order custom prop bets via Twitter!
Bonus Deals: 4.8/5
This F1 betting site introduces an exceptional promotional opportunity for crypto sports aficionados. This promotion features a 75% match bonus capped at $750 and an attractively low 5x rollover requirement.
Furthermore, individuals using conventional currency can also take advantage of a 50% match bonus, which can amount to a maximum value of $250 while keeping a remarkably low wagering obligation.
Banking Methods and Payout Times: 4.75/5
Bovada accommodates an array of transaction methods, including traditional banking techniques and virtual currencies.
Digital currencies like Bitcoin, Litecoin, Bitcoin Cash, and Ethereum can be used for deposits and withdrawals, while conventional options include credit cards and bank transfers.
Cryptocurrency transactions are recognized for their rapid completion, usually taking less than an hour, while bank transfers might necessitate multiple business days.
User Experience: 4.9/5
Betting on Bovada via mobile devices provides a seamless experience, as the platform is fully optimized for mobile use, eliminating the need for app installation.
Moreover, Bovada features round-the-clock customer assistance. You must go through the FAQ page first to obtain their contact details.
>> Sign up at Bovada and grab a $750 crypto sports welcome bonus
3. MyBookie – Best F1 Drivers Championship Odds
Pros:
- Covers Drivers and Constructors Championship
- $1,000 sign-up bonus with a $10 casino chip
- In business since 2013
- 250+ online casino games on the side
Cons:
- Website looks dated
For Formula 1 drivers and constructors championship odds, visit MyBookie, claim the $1,000 welcome deal, and have fun!
Formula 1 Betting Odds and Markets: 4.8/5
The MyBookie F1 markets are focused primarily on the USA Drivers Championship and Constructors Championship. This means plenty of action keeps you engaged throughout the season.
F1 odds at MyBookie offer various betting options for different preferences and strategies. You can bet on the championship winner, participate in Player versus Player bets throughout the season, or even place wagers on whether specific drivers will win a race (yes/no type bets).
The most significant variance in odds can be found under the “Winner” option for the Drivers Championship. For instance, Max Verstappen stands at -952, while Sergio Perez trails behind at +510. Further down the list are Charles Leclerc at +9,000 and Carlos Sainz Jr. at +22,000.
For those who love high-risk, high-reward bets, MyBookie covers you. Just check out the Drivers Championship.
Bonus Deals: 4.7/5
Upon signing up for MyBookie, you’ll gain access to an array of attractive incentives. Among these are a 50% match bonus on your initial deposit up to $1,000, an 8% cashback offer for horse racing aficionados, a 25% sports recharge bonus, and a limitless 200% referral scheme, allowing you to refer as many friends as you’d like.
To be eligible for the first-deposit bonuses, depositing a minimum of $50 and fulfilling the standard 10x wagering requirements commonly seen in the sector is necessary.
In addition, MyBookie features an exclusive crypto recharge promotion, presenting up to $350 with a 35% match rate.
Banking Methods and Payout Times: 4.65/5
MyBookie accommodates a range of payment possibilities, including Bitcoin, credit/debit cards, and MoneyGram, as well as widely-used digital currencies like Litecoin (LTC), Ethereum (ETH), and Solana (SOL).
While the variety of payment choices is fairly standard, the site’s low fees and swift processing times of less than an hour contribute to its status as one of the leading online gambling destinations globally.
User Experience: 4.7/5
Although it may have an antiquated look, the MyBookie platform shines regarding functionality. Users can effortlessly browse the website without facing any hiccups or lags that could negatively impact their gaming session.
Moreover, round-the-clock customer assistance is available through live chat or email, and prompt responses, even for pressing inquiries, guarantee that users never feel annoyed or disappointed.
>> Enjoy a $1,000 sign-up bonus + $10 casino chip at MyBookie
4. EveryGame – Best F1 Betting Site for International Races
Pros:
- Exceptional design
- Top-tier mobile optimization
- $750 sign-up offer in 3 tiers
- Parlay risk-free bets
Cons:
- The variety of markets is average
EveryGame offers the smoothest betting experience when it comes to Formula 1. It’s also cool that the site’s welcome bonus extends to your first three deposits.
Formula 1 Betting Odds and Markets: 4.7/5
The F1 odds available at EveryGame are diverse and cater to various preferences. While the popular “to win” option is always a classic choice, other options include winning team, podium finish, points finish, fastest lap, to win qualifying, and qualifying winning team, among others.
When it comes to the F1 Drivers Championship, odds start at around -830 for Max Verstappen and go up to +500 for Sergio Perez. Other notable odds include +5,000 for Lewis Hamilton and Fernando Alonso, with some drivers reaching odds of +300,000.
In the F1 Constructors Championship, Red Bull leads the pack with odds of -10,000, followed by Mercedes and Aston Martin at +5,000, Ferrari at +10,000, and other teams at +40,000.
Bonus Deals: 4.8/5
EveryGame introduces an attractive sign-up offer comprising a three-tiered deposit bonus of up to $750, combined with a low 4x wagering requirement.
This promotion works by doubling the amount of each user’s first three deposits, with each matched deposit having the potential to reach a maximum of $250.
Moreover, EveryGame provides added benefits like frequent cash rewards, reimbursement for parlay losses, and rankings for premier sports leagues such as the NBA – showcasing a remarkable $5,000 prize pool up for grabs.
Banking Methods and Payout Times: 4.55/5
EveryGame guarantees secure client transactions, accommodating conventional payment systems and digital assets such as Bitcoin and Bitcoin Cash.
Withdrawals through cryptocurrencies usually require approximately 48 hours for processing, comparable to traditional currency methods but not as speedy as other crypto-gaming platforms.
User Experience: 4.8/5
The EveryGame platform presents a contemporary and visually striking design, complemented by a customized interface allowing all users to navigate effortlessly.
Accessing any section of the website takes only a click or two, and the loading speeds are some of the quickest in the online gaming industry.
While phone support is not offered, EveryGame’s customer service team can be reached 24/7 via live chat, quickly responding to and resolving user inquiries and concerns.
>> Get a $750 welcome pack in 3 tiers when you join EveryGame
5. xBet – Best Prop Bets of all F1 Betting Sites
Pros:
- Loads of prop bets
- $500 sign-up deal with a $10 casino chip
- Very beginner-friendly
- Regular contests
Cons:
- Dated website design
If prop bets are your thing, then xBet is the place to place your Formula 1 wager! And while you’re at it, claim the $500 welcome bonus.
Formula 1 Betting Odds and Markets: 4.9/5
You can choose from dozens of betting options and prop bets here, such as race winner, first constructor retirement, classified as last finisher, number of classified drivers, specific cars classified, the team classified drivers number, safety car, podium finish, top 3, top 6, top 10, and more.
xBet stands toe-to-toe with other sportsbook venues when it comes to odds for the most anticipated games. In the Drivers’ Championship race, Max Verstappen leads with -900, while Red Bull is the favorite for the Constructors Championship with -750.
Bonus Deals: 4.6/5
At xBet, members can enjoy a host of deals, beginning with – a 50% match welcome boost worth up to $500 with a $10 casino chip on the side.
Remember to acknowledge the 7x rollover prerequisite, which is more lenient than other sites and makes withdrawals easier to handle.
Other promotions include a Sports Reload Bonus (25% up to $250) and a Referral Bonus (100% up to $100).
Banking Methods and Payout Times: 4.5/5
Xbet offers three traditional payment options (Visa, MasterCard, Person 2 Person) and nine digital currencies (Bitcoin, XPR, Cardano, and more).
Crypto transactions require a minimum of $20, while card payments demand at least $45 for each instance, and P2P transfers start at $100 or more.
User Experience: 4.55/5
Although the mobile wagering app’s appearance might have been improved with softer colors, given that darker tones can lead to increased eye fatigue over time, the website loads quickly and provides top-notch security thanks to its encryption protocols.
Support is accessible around the clock via email or live chat (for registered members), no matter the intricacy of the inquiry.
>> Redeem a $500 welcome bonus and $10 casino chips at xBet
How We Ranked the Top F1 Betting Sites
Formula 1 Betting Odds and Markets:
The first thing we looked at when ranking F1 sportsbooks was the range of odds and markets available. We checked out each site’s coverage of races, qualifying sessions, and driver matchups, ensuring fans of all interest levels were catered for. We also compared the odds offered by different sites to make sure we were recommending the most competitive options.
Bonus Deals:
We also looked closely at the different bonus deals on offer, including welcome bonuses, loyalty programs, and bonus bets. We compared the value and terms of these bonuses to help you find the best deals available, whether you’re a new customer or a seasoned bettor looking for ongoing rewards.
Banking Methods and Payout Times:
Another important factor we considered was the range of banking methods available and the speed of payouts. We looked for sites that offer secure and convenient payment options, including credit cards, e-wallets, and bank transfers. We also compared payout times to ensure you can win quickly and easily.
User Experience:
We evaluated each site’s user experience, considering factors like website design, ease of use, and quality of customer support. We tested the sites on both desktop and mobile platforms to ensure you can enjoy a seamless betting experience wherever you are.
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Why Is BetOnline the Best F1 Betting Site?
BetOnline has established itself as the premier destination for Formula 1 betting enthusiasts. Here’s why!
- 2 Decades of Operation: Launched in 2004, BetOnline is fully licensed, regulated, and SSL encrypted, ensuring a safe and enjoyable betting experience. With nearly two decades in operation, they’ve built a reputation for reliability and trustworthiness.
- $1,000 Sign-Up Offer: New players can use an enticing sign-up offer. Your first deposit is matched with a 50% match rate, up to $1,000. Simply deposit $55 or more to unlock this generous bonus, providing an excellent starting point for your F1 betting journey.
- Excellent Odds and Markets: BetOnline offers competitive odds and a wide range of betting markets for Formula 1 events. From race winners to podium finishers and beyond, you’ll find plenty of opportunities to put your F1 knowledge to the test.
- 20+ Payment Options: Funding your account is a breeze, with over 20 payment options available. From traditional credit cards to alternative payment methods like cryptocurrencies, including Shiba Inu, BetOnline accommodates the preferences of all its users.
Why Should I Use F1 Online Sportsbooks?
There are several exciting reasons to dive into Formula 1 online betting. Here are four of them!
In-Depth Betting Options: F1 online bookies offer various betting options beyond just predicting race winners or the Constructors Championship and Drivers Championship winners. You can bet on qualifying positions, fastest laps, and even head-to-head matchups between drivers, showcase your F1 expertise and make informed wagers.
Live Betting Opportunities: Experience the thrill of live betting as the action unfolds in real-time. F1 betting sites provide up-to-date odds during the race, allowing you to adjust your bets based on performance and unexpected events, such as crashes or mechanical failures.
Exclusive Promotions and Bonuses: Many F1 online sportsbooks offer special promotions and bonuses tailored specifically for Formula 1 fans. These can include free bets, deposit bonuses, and cashback offers, giving you more opportunities to win big while enjoying your favorite sport.
Access to Expert Analysis and Tips: Stay informed and make better betting decisions with access to expert analysis and tips from seasoned F1 enthusiasts. Online betting platforms often feature articles, podcasts, and videos that provide valuable insights into team strategies, driver form, and track conditions – all crucial factors in placing winning bets.
Guide to Formula 1 Betting
What Are the Best Formula 1 Betting Sites?
The 5 best options for betting on the F1 World Championship are:
BetOnline is the top bookmaker overall, Bovada has the widest variety of markets for the upcoming Formula 1 events, while MyBookie has the best options for US Formula 1 racing.
EveryGame boasts the finest design and an excellent $750 welcome bonus, while xBet takes the crown for Formula 1 prop bets.
Who Has the Most World Drivers’ Championships in Formula 1?
As of now, British racing driver Lewis Hamilton and German racing legend Michael Schumacher share the record for the most FIA Formula One World Drivers’ Championships, each with an impressive 7 titles to their names.
Lewis Hamilton, who currently races for Mercedes-AMG Petronas Formula One Team, has been dominating the sport recently, achieving his titles in 2008, 2014, 2015, 2017, 2018, 2019, and 2020.
On the other hand, Michael Schumacher is a retired racing driver widely regarded as one of the greatest Formula 1 drivers of all time. Schumacher secured his championships during his tenure with Benetton and Ferrari, winning the titles in 1994, 1995, 2000, 2001, 2002, 2003, and 2004.
Both drivers have showcased immense talent, dedication, and skill throughout their careers, resulting in incredible achievements and records in Formula 1 racing.
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Which Bet Types Can I Place When Betting on Formula 1 Online?
When wagering on Formula 1 online, several bet types are at your disposal. Some popular options include:
- Race Winner: Predict the specific driver who will triumph in a specific race.
- Podium Finish: Choose an individual driver to secure a top-three position.
- Fastest Lap: Determine the driver’s quickest lap time during a race.
- Pole Position: Select the driver who will achieve the highest starting position in a qualifying session of the Grand Prix.
- Head-to-Head Matchups: Decide which of two drivers will rank higher in a particular race.
- Constructors’ Championship: Foresee the team claiming the constructors’ championship for the season.
- Drivers’ Championship: Anticipate the driver who will win the season’s driver’s championship.
- Points Finish: Assess whether a driver will conclude a race within the top 10 positions.
- Safety Car Periods: Estimate the number of safety car intervals during a race.
- Retirements: Gauge the number of retirements or non-finishers in a race.
Are F1 Betting Sites Safe?
All Formula 1 betting sites in this guide are safe, licensed, and regulated. Reputable and well-established betting sites like BetOnline prioritize user safety by implementing various security features such as SSL encryption, two-factor authentication, and strict privacy policies.
To ensure a safe betting experience, choosing a licensed and regulated site with a solid reputation in the industry is crucial. Conduct thorough research before placing bets on any platform, and never share your personal or financial information with unverified websites.
Let’s Compare the Top F1 Betting Sites
BetOnline: This is the best Formula 1 wagering site overall, offering competitive odds and various available markets. BetOnline greets all new bettors with a $1,000 welcome bonus.
Bovada: The widest variety of markets for F1 bettors, combined with a high-quality 75% match first-deposit bonus if you are a cryptocurrency user.
MyBookie: The top pick for USA Formula 1 wagering, packing several exciting promotions like the $1,000 sign-up deal for new players.
EveryGame: The best design of any Formula 1 online sportsbook and the most competitive odds for international races. The platform also boasts a 3-tiered welcome bonus worth up to $750.
xBet: The No. 1 option for prop bets, boasting a wide variety of bet types like the number of classified drivers, specific cars classified, and more. New bettors receive up to $500 in bonus money with a $10 casino chip.
How to Start F1 Betting at Top Sportsbooks
To join an F1 betting site, check the latest odds, and bet on any upcoming race, just follow these steps (using BetOnline as an example).
- Register Your Account
- Visit BetOnline and click the ‘Join’ button to activate the registration form.
- Fill out the required data, and enter a valid phone number.
- Accept the T&Cs and finalize the registration.
- Verification via SMS
- The online sportsbook will send you a verification code via SMS.
- Enter the code at the betting site and log in.
- Fund Your Account
- Enter the BetOnline cashier and set your payment method from the available options.
- Deposit $55 or more. Your first deposit will be matched at a 50% rate of up to $1,000.
- Enter the Sports section, then find Auto Racing under Other Sports.
- Check out the upcoming Formula 1 races and the latest Formula 1 odds, and form your bet slip.
- Enjoy betting online!
Tips and Strategies for F1 Betting Online
Formula 1 betting can be exhilarating with the right knowledge and strategies. Here are four key tips to help you succeed in F1 betting.
- Understand Track Characteristics
Different tracks have unique features that can impact race outcomes. The Azerbaijan Grand Prix is not the same as the Miami Grand Prix. So familiarize yourself with each circuit’s layout, weather conditions, and historical performances to make informed bets. Look for patterns in previous races, such as which teams or drivers excel on certain tracks, to give yourself an edge.
- Analyze Team Dynamics and Driver Styles
Each team and driver has strengths and weaknesses that can affect race performance. Analyze how well a driver’s style meshes with their car and team strategy, and consider whether recent changes within a team (e.g., new personnel or car upgrades) could lead to improved results. This in-depth analysis can help you identify potential upsets or strong contenders.
- Monitor Live In-Play Betting Opportunities
Formula 1 races are dynamic events with constantly changing scenarios. Keep an eye on live in-play betting markets during a race to capitalize on opportunities. For example, if a leading driver is forced to pit unexpectedly, this could create value in backing other competitors with a better chance of winning.
- Leverage Advanced Data and Analytics
As with many sports, data analytics is becoming increasingly important in Formula 1. To refine your betting decisions, utilize advanced metrics, such as driver and team performance data, tire strategies, and pit stop timings. By incorporating these insights into your strategy, you can gain a competitive edge over casual bettors who rely solely on basic statistics.
Did You Find the Best Site for F1 Betting?
As you wave the checkered flag on your journey through this article, remember that with the right approach, knowledge, and a keen eye for detail, you can transform your passion for F1 into a rewarding experience.
We’ve laid out great F1 betting options for you, and hopefully, you found the best motorsports betting platform.
All things considered, BetOnline is the best option, offering a $1,000 sign-up offer to kick-start your World Championship ride.
Ready to start betting? Buckle up, embrace the adrenaline rush, and let the engines roar – bet safely and have fun!
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Gambling laws and policies vary from one region to another. Some sites mentioned in this review may not be accessible in your area. Always do your due diligence and check your local gambling policies. It is always better to be safe than sorry.
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