Best Formula 1 Betting Sites – Top 6

Last Updated: April 12, 2021

Formula 1Formula 1 has always been a popular sport in the UK, but it is now growing in popularity all over the globe with the expanded 23-race season now visiting many different countries.

As such, betting on the races and the F1 season is always an important part of what any online betting site offers to customers and our aim on this page is to find the best available.

So what makes great betting in Formula 1?

Well we have a list of a few things that we feel are what the best sites offer and we have outlined what these are for you below to see how your site compares – we have also used these criteria to come up with a list of the best betting sites for Formula 1.

Latest odds on upcoming races and some popular betting FAQs are included.

F1 Punters Look Out For…

  • Sign Up Bonus – It is perhaps unusual for a popular sport, but there are not too many F1 betting promotions you can find. So what you need to do if you are a keen Formula 1 betting fan is to ensure you get a quality sign up bonus. Some offer you the chance to earn enough from the offers to allow you to bet on many of the races in a typical F1 season.
  • Rewards Clubs – Seeing as the standard F1 season runs for most of the year, if you have a site that has its own rewards clubs and which gives you access to regular bonuses, or free bets, or cash back offers through the club, then this can be a great way to earn some extra cash to fund your Formula 1 betting throughout the year.
  • In Play Betting – Sure, there are plenty of markets you can bet on for the F1 season as a whole, but nothing beats a bet on a race and especially when the race is being contested. Live In Play betting on F1 racing is growing very much in popularity given how unpredictable races can be, so any good site worth its salt will have extensive In Play betting options for each of the races and perhaps even qualifying.
  • Market Depth – F1 racing is about much more than simply picking the winner of the race or of the Drivers’ or Constructors’ Championships. The best F1 betting sites will offer a huge range of markets both on the season, and on each individual race. Obviously, the more markets you have available to bet on in each of the races (23 this season), then the more chances you have of finding a bet you like.
  • Cash Out – F1 races can change in a heartbeat and having the option to Cash Out your bet is always a positive thing. There are many things that can happen in a race that can see the outcome change quickly, so having the option to cash out is always a positive.

Top F1 Betting Sites

Top Features
Welcome Offer
  • Biggest welcome offer vs other bookies.
  • In-play betting with cash out.
  • Loads of F1 markets.
  • Highest review score possible.
Up to £100 in bet credits
Open Account Offer. Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits & T&Cs apply..
  • Best odds on F1 across the board.
  • Cash out your bets in-play.
  • Excellent bonus for smaller deposits.
  • 5 out 5 star review rating.
Bet £5 get £30
18+ new customers only. Opt in, bet £5 at odds 2.00+ within 7 days of registering, no cashout. Get 2x £10 Free Bets, set events at odds 2.00+. Plus £10 Slot Bonus, selected games, wager 20x to withdraw max £250. 7 day bonus expiry. Card payments only. T&Cs Apply. | Please gamble responsibly
William Hill
  • Daily bet boosts & enhanced odds.
  • Trusted name in sports betting.
  • In-play & cash out available.
Bet £10 get £30
New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. T&C's apply.
  • Hands down most betting promo’s.
  • PickYourPunt bet builder
  • Top value welcome offer.
  • App / website needs updating.
Bet £10 get £40
18+ UK only. Bets placed and settled between 20/09/21 – 03/10/21. Promo code BETFRED40, deposit and place first bet of £10 on Sports (Evens+) in one bet transaction. £40 in Free Bets credited within 10 hours of settlement, 7-day expiry. E-Wallet & Prepaid Card restrictions apply. Full T&Cs apply. .
  • Plenty of added value promo’s.
  • Solid bonus for smalls stakes punters.
  • Wide range of markets & bets.
Bet £5 get £20
18+ New UK+IRE customers. PayPal and certain deposit and bet types excluded. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets valid for 4 days on sports, stake not returned, restrictions apply. T&Cs apply..
Paddy Power
  • Ireland’s biggest online bookie.
  • Wide range of F1 markets & odds.
  • Weekly free bet club rewards loyalty.
Bet £20 Get It Back If It Loses
New customers only. Place your FIRST bet on any sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is £20. Only deposits made using cards or Apple Pay will qualify for this promotion. T&Cs apply. Paddy's Rewards Club: Get a £10 free bet when you place 5x bets of £10+. T&Cs apply..

Latest F1 Grand Prix Odds

Saudi Arabian Grand Prix

Lewis Hamilton
Max Verstappen
Valtteri Bottas
Sergio Perez
Pierre Gasly
Charles Leclerc
Lando Norris
Carlos Sainz
Daniel Ricciardo
Fernando Alonso
Esteban Ocon
Yuki Tsunoda
George Russell
Antonio Giovinazzi
Nicholas Latifi
Nikita Mazepin
Kimi Raikkonen
Mick Schumacher
Lance Stroll
Sebastian Vettel

Formula 1 Bookmaker Reviews

As informative as the above table is, to offer any punters who might be looking to bet on Formula One a little more help, we’ve also gone one step farther and pinpointed our choice of the three best Formula One betting sites. You’ll find those sites listed below, along with our brief reviews of the betting service they provide for Formula One fans who want to have a flutter on the high octane action.

#1 for F1 – Betvictor

BetvictorTaking the chequered flag when it comes to the race to be the best online bookmaker for F1 is popular bookmaker Betvictor, who provide what is unquestionably an outstanding service for petrol heads who also like a bet.

Offering odds on any and every Formula One race throughout the season, Betvictor also provide the widest range of different markets for those races that you’re likely to find anywhere. Alongside being able to bet on your chosen race winner, Betvictor allow you to be on who will get the fastest lap, whether there will be a safety car, what the final winning margin will be and loads of other things besides.

Season outrights such as the winner of both the drivers’ and the constructors’ championships are also easy to back through Betvictor, thanks to the intuitive and user-friendly Formula One section of their website. That section, for instance, lets you select a bet for a specific driver through a handy drop down tool or to browse in traditional fashion through the available markets.

Bet £5 get £30 at Betvictor!

New customers only, 18+, T&C's apply.

#2 for Formula 1 – William Hill

William HillPerhaps appropriately for a bookmaker whose name combines a world famous Formula One team and the surname of one of Britain’s greatest drivers, William Hill also ranks as one of the very best Formula One betting sites around.

Whilst they do not have a specific Formula One section of their website, William Hill’s motor racing page is very much Formula One centred and presents punters with a great array of options for betting on the sport.

For each Formula One race, William Hill offer a superb selection of markets including race winner, fastest qualifier, number of classified finishers and the first retirement of the race, and also allow bets on both the driver’s and the constructors’ championships.

Bet £10 get £30 free bet at Will Hill!

New customers only, 18+, T&C's apply.

#3 for Formula One – Coral

CoralAnother bookmaker which is trustworthy, reliable and popular across the board, it should come as little surprise that Coral also excel when it comes to the options and benefits they offer to Formula One betting fans.

A Formula One specific section of the Coral can be accessed through their main motor sports page and in that section punters can find markets for the overall Formula One season and whichever the next upcoming race is.

For each of those races, the bookmaker offer a very respectable selection of different markets which cater for almost any wager a punter could think of. Beyond the simple race winner and podium finish alternatives, for example, Coral also let their customers bet on whether both of a constructor’s cars will finish in the points, what the nationality of the race winner will be and whether a particular driver will finish at all.

Sign up & bet £5 get £20 at Coral!

New customers only, 18+, T&C's apply.

F1 Bets FAQ

In the above reviews we have mentioned a few of the different markets which our trio of the top Formula One betting sites make available to bet on. If you’re a little sketchy as to what those markets are, however, or simply need a refresher on some of the most popular Formula One bet types all you need do is to read on.

Race Winner – The simplest and most popular of all Formula One bet types, the race winner market allows punters to bet on who they believe will see the chequered flag first. As is the case with race winner markets in most sports, this type of bet can also sometimes be subject to each-way terms which usually refer to first and second place.

Podium Finish – If you believe a driver will have a good race but aren’t sure they’ll win outright, a podium finish bet lets you put money on them finishing anywhere in the top three. Unlike an each-way race winner bet, a podium finish wager will pay out the same amount regardless of which step of the podium your chosen driver steps onto.

Fastest Qualifier – As well as letting you bet on the race itself, most bookmakers also give you the chance to back a driver to grab pole position on a Saturday. In the same vein as the race winner market, fastest qualifier bets can also generally be placed as each-way wagers if desired.

First Retirement – A type of bet focussed on drivers who have a bad race rather than those who excel, punters who place a first retirement wager will be hoping that their selection covers as little of the race distance as possible.

Fastest Lap – Affected not a jot by where a driver ultimately finishes in a race, a fastest lap bet pays out for a punter if their chosen driver completes the circuit in the quickest time of anyone at any point during a racing Sunday.