Formula 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.
On This Page
- What Should F1 Punters Look For?
- List of Best F1 Betting Sites
- Latest Foruma One Odds
- F1 Betting Site Reviews
- Popular F1 Bet Types Explained
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
- Biggest welcome offer vs other bookies.
- In-play betting with cash out.
- Loads of F1 markets.
- Highest review score possible.
- Best odds on F1 across the board.
- Cash out your bets in-play.
- Excellent bonus for smaller deposits.
- 5 out 5 star review rating.
- Daily bet boosts & enhanced odds.
- Trusted name in sports betting.
- In-play & cash out available.
- Hands down most betting promo’s.
- PickYourPunt bet builder
- Top value welcome offer.
- App / website needs updating.
- Plenty of added value promo’s.
- Solid bonus for smalls stakes punters.
- Wide range of markets & bets.
- Ireland’s biggest online bookie.
- Wide range of F1 markets & odds.
- Weekly free bet club rewards loyalty.
- Pre-race & in-play markets.
- Easy to use app.
- Uniboost bet boosts (3x daily).
- Rarely best odds but still competitive.
- Odds can be lower than others.
- Lacking in markets per event.
- Solid welcome offer.
- Wide variety of banking options.
Latest F1 Grand Prix Odds
F1 Driver - Constructor Double 2023
Best F1 Betting Sites: Top 9
The following is a list of the best sites for formula 1 betting – click the bookmaker name will take you to our review:
Formula 1 Betting With Bet365
What are they like?
Across a multitude of markets, Bet365 often stands out amongst its competitors for its simplicity to the player, making it easier to enjoy what truly matters – the sport… and when it comes to Formula 1 betting, it is no different.
Whether it is outright markets like constructor and driver championship winners, classic pre-race betting including outright winner, more intricate and elaborate markets like fastest lap, not to finish the race and to finish last, or its in-play offering like next driver to retire, the simplicity of its desktop and app is matched in quality by the number and variation of markets Bet365 offers.
Happy with your current winnings? Then Bet365’s cash out feature makes it simple to stop your current bet and get paid out a portion of your winnings depending on the state of the race, leaving the stress of those last few laps as a thing of the past.
There’s no better place to bet on F1 than Bet365, with a new account offer competing with the best in the business and the latest encryption technology in place so you can play in a safe and secure environment.
Formula 1 Betting With Betvictor
What are they like?
Taking 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.
Formula 1 Betting With William Hill
What are they like?
Perhaps 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.
Formula 1 Betting With Betfred
What are they like?
If you’re a stats based bettor, who likes to support their bets with hard evidence, then BetFred may just be the choice of bookmaker for you, as they offer detailed F1 stats for all punters free of charge.
At BetFred, each Formula 1 Grand Prix has a run-down of the event, including points systems, history, the circuit, past winners, and trends, so you’re informed before betting.
In terms of Formula 1 markets, BetFred offers the favourites including race winners, construction winners and the like but they also offer something a little more personalised. Betfred’s Pick Your Punt tool lets you tweet Betfred with your ideal bet and they’ll get back to you with custom odds so you can strike your bet if you like the price.
All this coupled with a competitive new customer offer makes Betfred one of the best formula 1 betting sites around.
Formula 1 Betting With Coral
What are they like?
Another 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.
Formula 1 Betting With Paddy Power
What are they like?
Paddy Power have taken the mantle as the fun-loving betting company, often at the epicentre of jokes surrounding sport. Whilst this is true, they also offer a betting experience which competes with the best in the business, often taking decision well before its counterparts for the good of bettors.
Take the title decider between Lewis Hamilton and Max Verstappen in 2021. Rather than waiting for the outcome, Paddy Power paid out on ALL Max Verstappen and Lewis Hamilton to Win the Formula 1 World Championship bets placed at the start of the season, meaning that those who placed the bet on Lewis Hamilton never lost out.
Then there’s the #WhatOddsPaddy, where PaddyPower merge their famously outrageous Twitter page with its customers, giving them the chance to build their perfect bet, which is added to the site. If you’re looking for personalisation, this is the perfect place to get it.
In terms of their markets, PaddyPower stick to the classics, with outrights including Driver’s and Construction Champions, and in-play bets such as first driver to retire. They may not have the biggest array, but what they do offer is clear and concise, making it easier for the bettor.
Formula 1 Betting With Unibet
What are they like?
Unibet aren’t one of the biggest names in the online betting sphere but their site is packed with all the features you’d expect from a top operator.
Their Formula 1 offering is no different and over the years Unibet have offered specials focused on motorsport, including money back if you don’t finish the grand prix and bet and get on title deciders. Something to look out for.
Unfortunately, the array of Formula 1 betting markets is a little smaller at Unibet, in both pre-race markets and in-play. To get further up our list of the best F1 betting sites they need to introduce some of the more obscure markets that the likes of Bet365 are spreading.
As for simplicity, Unibet has it. It is the easier to switch between fractional and decimal odds, and their bet slips are clear and concise. The app is also very easy and quick to use.
If you’re willing to have your market choice a little bit smaller, then Unibet makes it worth your while through accessibility and specials. Plus with a competitive sign-up bonus, you can start your Unibet betting journey on the right track.
Formula 1 Betting With 888Sport
What are they like?
There’s a lot to like about 888Sport’s Formula 1 betting offering. You’ve got an array of markets, both pre-race and in-play alongside and an accessible app and desktop site which are easy to use.
However it’s worth noting that we often find motorsport odds at 888Sport on the tight side and bigger returns at alternative bookmakers are often possible – check before you bet.
888Sport does stand out where deposits and withdrawals are concerned though – they offer one of the biggest varieties of payments methods in betting. That means it’s easier than ever to get money into your 888Sport account and get on with your Formula 1 bets on.
888Sport’s welcome offer is bang on the industries average deal and with odds that are at times questionable it’s hard to make a case for them over other Formula 1 betting sites higher up our rankings.
Formula 1 Betting With Ladbrokes
What are they like?
Like Coral, Ladbrokes stands as a truly historic name in the betting industry and on the surface they offer a solid F1 betting suite.
Their markets are comprehensive, both pre-race and in-play. From the top drivers and constructors throughout a race or season, to Alpha Tauri to outscore Red Bull, there’s plenty to bet on… but again, much like 888Sport, we’re not impressed with the odds available – often bigger prices are available elsewhere.
We’re also not impressed with the lack of F1 promotions running at Ladbrokes. Plenty of offers are available on other sports but it’s very rare to see any kind of motorsport featuring in their existing customer offers section.
On the plus side Ladbrokes do offer an in-play cash out feature which makes sure those last laps don’t have to be nail-biting, as you can walk off track with the winnings before the race is officially finished. They also provide state of the art security so at least you know your funds are safe and secure on the site.
You can use the welcome bonus on F1 at Ladbrokes so if you don’t have an account it might be worth joining just to claim that added value alone – check the offer out by clicking below.
Mobile Formula 1 Betting Sites
Given that most punters are now placing the majority of their bets via mobile we feel it’s also important to cover what we think is the best mobile Formula 1 betting site.
In this category what we’re really looking for is the site closest to the top of our main best F1 betting sites list that transfers the same great service across to their app or mobile browser site.
- Bonus: Bet £10 get £50 free bets
- Size: small
- Speed: Very Fast
- Stability: Highly Reliable
- Compatible: Android & iOS
If you’re looking for the complete package: simplicity of using the app on your mobile, specials and offers to make your money go further, a sign-up bonus that competes with the absolute best, and a huge array of markets, then Bet365 have the perfect Formula 1 betting app for you.
Absolute everything you can find on the regular version of the Bet365 site is available via their mobile site including all promotions and their great sign-up offer.
The F1 section of the Bet365 app can be accessed via the main Sports A-Z menu and is a few more taps away than say horse racing or football markets. That’s not unexpected though and not enough of a negative for us to mark them down.
Depositing and placing a bet via the app is made super simple and as long as you have a 3G or better internet connection the app runs fast and odds update quickly.
The app is available on both iOS and Android devices with all other users able to use the mobile browser version of the site which, you’ll be pleased to hear, is just as good as the app itself.
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.
Bet365 is our choice for the best formula 1 betting site. Whether you’re looking for simplicity of use, specials and offers to make your bets go further, a wide range of depositing and withdrawal methods which are quick and easy to use, or a vast array of markets, Bet365’s Formula 1 offering has what you’re looking for.
Most major betting sites offer Formula 1 betting, but our list gives you a rundown on where you can bet on F1 and get the best experience. Our top choice is Bet365, which offers everything that its biggest competitors does and more for your Formula 1 betting needs.
For a sport as fast as Formula 1, it is important that you have a betting app that can keep up. Thankfully, Bet365’s app offers everything a Formula 1 bettor needs. From quick deposits and withdrawals to great bonuses and specials, and a vast array of markets, Bet365’s app has you covered.
Formula 1 odds work like any other odds, making them easy to understand. Depending on whether you are betting in fractional, decimal, or American, the odds may look slightly different. For fractional for example, the odds display as fractions, and show off the payoff to stake ratio. The left number tells you how much you would get back if you bet the amount of the number on the right. For example, for odds at 5/2, you would receive £5 back on a bet of £2.
Traditionally, the simplest bet types are the most popular, such as race winners, fastest laps and championship winner. But newer bet types are making their way into the sport and are beginning to offer exciting action. For example, if there is one outstanding driver who is odds on to win, then the best of the rest market offers a chance to win your bet without the position of that winning driver making the difference.