Formula One (F1) racing is not only one of the most-watched sports; it’s also a massive hit among sports bettors worldwide. With a myriad of races to bet on, drivers to choose from, and numerous types of bets to work with, the opportunities to make some serious cash through F1 betting are endless!
However, with all these choices available and with betting flexibility, it can get overwhelming quickly and leave you stuck in the pits, unsure of where and how to get started. But don’t worry, this guide will tell you everything you need to know about F1 betting.
So, if you want to try your luck and see what the F1 betting rave is all about, this ultimate guide is all you need. If you closely study the info shared below, you’ll have all the knowledge to not only get started with F1 betting but—over time— even ace it, or at the very least make some good cash from it!
This guide will walk you through everything you need to know about F1 betting to make sure you have a safe, exciting, and lucrative experience.
So, without further ado, let’s get started!
Basic Odds and Betting Options
To succeed at F1 betting, it’s crucial to understand the odds first. It would be crazy to consider placing bets without having a decent understanding of the main types of Formula 1 betting odds.
In general, the three key betting odd types are American odds (Moneyline), fractional odds (British), and decimal odds (European). The variation in names doesn’t have much significance as they all represent the same thing and hold no difference in payouts.
When it comes to betting on races, bookmakers use F1 odds to represent the likelihood of a situation occurring during a season or race. Think of it as if you rolled a dice and tried to predict the number it will land on. Similarly, bookmakers have their estimates to calculate the probability of something happening during a race.
Additionally, every bookmaker provides different markets when it comes to Formula 1. But, if you don’t know what F1 betting markets are, don’t worry. We’ll explain them in detail shortly.
Another essential aspect to note is that F1 Grand Prix events are typically divided by one to three weeks during the Formula 1 season.
How Can You Bet on F1 Races Online?
Now that you know the basic odds for the Formula 1 championship, let’s look at how you can try your luck at some Formula 1 best bets:
Step #1: Choose a betting site
Generally, F1 bettors tend to head towards sportsbooks, which are online gambling websites. Fortunately, many Formula 1 betting websites are safe, trustworthy, and secure. Therefore, you shouldn’t have much difficulty placing bets on F1 races online. You can also give our Formula 1 page a test drive to find a site that meets all your Formula 1 betting needs.
Step #2: Sign up
Once you have chosen a sports betting site, it’s time to sign up. Registering might require personal details such as your name, birthday, email address, deposit details, and so on.
After providing this information, you should receive a confirmation link or email indicating that the sign-up process has been completed. After this, you can proceed to place your first F1 race wager.
Step #3: Make a deposit
Most online sports gambling sites accept credit cards, such as MasterCard, Visa, and AMEX. Some even accept e-wallets, including PayPal, Skrill, and Neteller. In addition to this, you may come across many sports betting websites that allow you to make deposits in cryptocurrencies. These include options like Bitcoin, Ethereum, Litecoin, and Dash.
Step #4: Showdown: place an F1 bet
After you’ve made your deposit, it’s time for the real fun to begin. Start by choosing the F1 race, the bet type, the driver, the amount, and submit your F1 ticket. You can now max out all your F1 bets and drive through that Formula 1 betting finish line!
Sports Betting Basics
In this section, we’ll be covering everything you need to know about sports betting, from how to find trusted F1 betting sites to some universal sports betting tips you ought to be aware of.
Bet For Value (always): This is probably the cornerstone of all types of sports gambling, and F1 betting is no exception. Make sure to always look for value when placing your wagers.
Try Avoiding Common Errors: Many F1 betting novice bettors tend to wager too often and way too much. Others simply guess what might happen rather than preparing appropriately. Make sure you don’t make the same mistakes, or you’ll be bleeding your money to the bookies.
Manage Your Bankroll Decently: Always (extra emphasis here) handle and spend your money wisely. Remember that even the most seasoned F1 bettors have had bad streaks, and you too must be prepared to handle them while keeping your bankroll.
Don’t Get Emotional: The worst thing you can do is get emotionally attached to a driver/team when you bet on Formula 1. Make sure to keep calm when you lose a wager. Additionally, remove any biases and learn to accept the losses.
With the basics covered, it’s time to dive into the strategy for betting on F1 races successfully.
How to Find Trusted Formula 1 Betting Sites
If you’re ever confused about where to bet on F1 races, we strongly recommend you consider the following factors before choosing a Formula 1 betting website:
Legit Betting License: This is perhaps the most crucial aspect you need to consider when looking for a Formula 1 betting site. Remember that the best F1 betting sites hold a legitimate license that permits users to bet with real money online.
Strong Reputation: Look for F1 betting sites that are safe, trustworthy and secure. Further in this guide, we have recommended some of our top favourite gambling sites to bet on F1 races. They all have a strong reputation, hold a solid history of taking Formula 1 bets online, and more importantly, genuinely look after their customers.
Up-to-Date Security Measures: Last but not least, trusted Formula 1 betting websites need to take all the necessary steps and precautions to make sure every bettors’ personal information, as well as their money, is protected by having up to date security measures.
Our primary objective is to find trusted F1 betting websites that keep your money safe. After all, what’s the point of getting the best promotions and F1 odds if you don’t see a dime from winnings?
Best F1 Betting Websites
Here are some of our favourite and most trusted websites for Formula 1 betting:
Apart from safety, it would be best if you always tried to get the greatest value possible for your Formula 1 bets. Of course, the simplest way to do that is to locate the best F1 odds online.
Lucky for you, that’s exactly what the sports gambling websites on this page offer. They have great prices and an excellent variety of markets. These are some of the most crucial factors when deciding where to bet on F1 online.
Promotions and Bonuses for Online Formula 1 Betting
Other factors that directly affect your overall returns on Formula 1 betting are the promotions and bonuses provided by different F1 betting sites. Below we have outlined some of the offers you might come across in the best Formula 1 betting websites:
- Welcome bonuses
- Enhanced F1 odds
- Reload bonuses
- Exclusive F1 promotions
You can take advantage of all these betting bonuses and promotions to give your bankroll a boost. Just make sure that the betting site you choose provides betting bonuses at fair terms and conditions.
Four Features to Look For in Formula 1 Betting Sites
Apart from lucrative betting bonuses, the best F1 betting websites also offer other benefits worth mentioning. Here are some of the features to look for in Formula 1 betting websites:
Several Payment Options: The best Formula 1 betting apps and websites offer various payment options to users.
Quick and Swift Payouts: Our recommended F1 betting websites offer fast payouts to winning customers.
Smooth and Simple Mobile Experience: Before you choose a Formula 1 betting app or website, make sure it’s compatible with your smartphone for a smooth mobile experience.
Helpful Staff: It’s crucial to choose an F1 betting website with friendly and cooperating staff members as you might need assistance if you’re ever stuck or have a question.
These features can make an F1 betting site stand out among the competitive sports gambling industry.
F1 Betting Strategy
As mentioned earlier, successful Formula 1 betting can be a bit tricky. Even if you’re a massive fan of this sport, staying focused when placing wagers is crucial. Keep in mind that F1 betting shouldn’t be seen as a way to make easy money.
Winning Formula 1 bets regularly is a pretty tricky task. Nevertheless, here are some F1 racing tips and strategies that you can use to increase your chances of winning:
- Conduct thorough research as it’s almost impossible to win a bet on a whim. Doing research can help you find the ideal value when betting on F1 races, and it also keeps you a step ahead of the bookies.
- Another thing most successful F1 bettors tend to do is bet on multiple drivers in the same race. This considerably increases their chances of success as they now have more than one chance of winning.
- Consider reading race previews as they can inform you of other F1 betting aspects you might not have considered.
- Use formula stats as the smallest details in this sport matters. Having a thorough understanding of a specific race and the drivers participating can help tremendously. Moreover, it can also help you understand the available F1 betting odds better.
- The most successful Formula 1 bettors focus on practising and qualifying sessions. This is because it helps them assess how well a team or driver responds to the race track and the external conditions. Thus, learn the average lap times for every driver participating, as this can give you a good indication of which drivers will perform best in the race.
Is F1 Betting Profitable?
Yes, Formula 1 betting can be both entertaining and profitable, especially if a bettor knows what they’re doing. If you practice these F1 betting tips and couple them with your research, you’ll be on your way to winning good money through F1 betting.
What Is the Most Profitable Betting Strategy
Unfortunately, there isn’t a specific profitable betting strategy in F1 betting. However, it would help if you always weighed the odds before placing a bet, especially when backing big favourites. Moreover, you should also know that it’s okay to take low odds, just ensure the value is there.
That being said, research showed that the “Proportional Betting” and the “Fixed Amount Betting” systems are some of the most profitable betting strategies.
Why the Track Affects Formula 1 Betting Strategy
There are several reasons why you need to consider the track when betting on F1 races, as the results can be significantly affected by different factors. Some of these include:
Weather Conditions: It’s important to note that weather conditions on the same track can differ in the two consecutive Formula 1 seasons. Elements such as air temperature, humidity, track temperature (to name a few) can all have substantial effects on the cars in terms of fuel efficiency, tire wear, and overall performance.
Starting Grid: If you’ve watched F1 Grand Prix events, you may have witnessed chaotic race starts, due to which several drivers end up losing right at the beginning. This happens because of the grid position, as these tracks are usually more inconsistent in terms of results.
Overtaking Spots: Keep in mind that some race tracks have multiple overtaking spots while others don’t. In such scenarios, there isn’t much drivers can do, especially if they fall behind.
Driver Preference: It’s no surprise that every driver has a certain track preference. Hence, if a driver has previously won on the same track, there are significant chances that he will do it again.
Betting Markets for F1 Races
Although there are several betting markets available for F1 races, we’ll start with the ones our recommended websites use the most. Here are the five most common betting markets for F1 races:
Race Winner: This is perhaps one of the simplest betting markets for F1 races. All you have to do is support a driver to win the race and enjoy.
Podium Finish: In this F1 betting market, the chosen driver has to finish in the final three to win the bet.
Pole Position: Unlike the previous markets, pole position is all about the qualifiers. The chosen driver must win the top spot on the starting grid.
Head-to-Head Betting: Head-to-head F1 betting is a fan-favourite! Bettors can bet on a clash between drivers and choose the one they believe will finish higher.
Race Prop Bets: Many of the best Formula 1 bets are props on things. For instance, whether the safety car will appear or whether a driver will finish in the points.
Changes in F1 Betting Strategy Based on Seasons
By now, you know where to bet on F1 races, how the core F1 betting works, and some tips and tricks to help you win. Luckily, most of these recommendations apply to Formula 1 seasons as a whole. However, timing is a crucial aspect that needs to be considered before placing bets.
For example, placing your F1 bets early on is significantly different from betting towards the end of the season. Below we have highlighted the key differences between both and explain how to adjust your F1 strategy as time passes.
Beginning of the Formula 1 Season
The beginning of every Formula 1 season is usually hectic, with many surprises waiting to be unlocked. As a result, you may encounter certain expectations based on market rumours and the previous year’s results. Nonetheless, things can take a completely different turn once the races begin. Therefore, you should be very cautious, especially if you want to bet early in the season.
However, certain things can help you prepare:
- Following the pre-season test is a good starting point, as every team goes through it.
- Be aware of any rule changes as the FIA can implement new ones between seasons.
- Finally, follow the rumours as they can help you discover any tension early on.
In summary, stay fully informed at the start of the season and keep the wagers at low stakes till you get a better understanding of what’s happening.
End of the Formula 1 Season
F1 is unique in the sense that drivers have two traits: as a team and as individuals. A driver struggles for his personal glory but also follows the objectives of the team they’re representing. The latter is significant towards the end of the Formula 1 season, where the team instructs, and the driver follows.
Here are some team scenarios to consider when placing an F1 bet towards the end of the season:
- Pushing a driver—especially when one of them is battling for the top title. In such instances, the team orders another teammate to give up his position or slow down the opposition.
- When fighting for the “Constructors’ Championship,” the team might warn the drivers against taking risks towards the end of the races instead of overtaking opponents.
- All Formula 1 teams have limited resources, and if they fail to earn anything from the current season, the leftover amount is allocated for the development of the next season’s car. Naturally, affecting the overall performance of the race.
After making it this far, do you feel like a full-fledged Formula 1 bettor now? Although you may need some more practice to claim that title, with this F1 betting guide, you have all the knowledge you need to take your F1 betting to the next level and reach the height of success you desire.
Lastly, remember to be patient and take things slow. Focus on building a unique and effective F1 betting strategy. Use the information we provided and mix it with your own research to formulate the best winning strategy.
Once you have the basic F1 betting strategy set up, give it a test drive with small bets. If all goes well, start moving the bet sizes higher. It’ll only be a matter of time before you’re a professional F1 bettor.
Can you bet on F1?
Of course, you can. Please go through this F1 betting guide to understand how it’s done.
Where can I bet on Formula 1?
Generally, sports bettors tend to head towards sportsbooks to bet on F1 races. However, many Formula 1 betting websites are safe and trustworthy. Therefore, it’s not too difficult to place bets on F1 races online.
How can I bet on F1 USA?
You can bet on F1 USA by registering yourself to one of the recommended websites in this article.
Can you bet on F1 on Sportsbet?
Yes, you can. Simply sign up, make a deposit, and start betting!