Our Top 5 F1 Bookmakers
William Hill
William Hill is a strong option for Formula betting, offering both In-Play and pre-race outcomes. The platform provides a range of F1 markets, including stakes on race winners, future world champions, and Constructors’ Trophy winners. You can also find alternative stakes like the Drivers' Championship without Max Verstappen or the Constructors' Championship without Red Bull.
The site has a convenient F1 homepage that displays Enhanced odds options and popular markets of the day. New punters can receive £30 by depositing and wagering £10 at minimum odds of 1/2.
Betfair
Betfair, one of the leaders in the UK market, provides a robust platform for Formula One betting. You can place wagers on popular events like the Dutch Grand Prix here. Odds are available for top contenders such as Lando Norris, Max Verstappen, and Lewis Hamilton. The site also features odds boosts, like the one for Verstappen to win the Dutch Grand Prix.
Betfair also provides expert tips for how to stake effectively on Formula One in the dedicated section. By registering on the platform you can also claim the £50 Free Bets bonus.
Ladbrokes
The platform is a solid choice for Formula One fans. It offers a wide selection of bets, including race winners, winning cars, and podium finish options. Ladbrokes is known for its competitive odds. For example, prices of 1/5 on Max Verstappen winning the 2024 World Championship are higher than many competitors.
In addition, the site has a pretty handy racing section, with featured live events, popular races and outrights. Ladbrokes also provides a reward for new F1 and other punters. You need to deposit and wager £5 at odds of 1/2 to get £20 in Free Bets.
Coral
Coral, an established bookmaker founded in 1926, offers an extensive Formula One section. You can find outrights on the overall winner of the World Championship or specific F1 races. The platform also provides each-way betting on particular races.
New customers can take advantage of Coral’s offer: wager £5 and receive £20 in Free Bets. The platform is also notable for its mobile app. It features a handy F1 section with filters and quick access to In-Play and Pre-match events.
Sportingbet
Sportingbet offers a broad range of Formula 1 wagering options. You can wager on individual race winners, World Championship outcomes, and podium finishes. Additionally, it provides special stakes like betting on all drivers except one (e.g. Race winner - Verstappen/Rest of field).
The In-Play section covers dynamic race events such as pit stops, flag incidents, and safety car deployments. Thanks to this you can follow the event both on the website and in the Sportingbet app. New users can also take advantage of a welcome package of up to £50 in Free Bets.
Comparison Table for F1 Betting Odds
To compare Formula One odds, we've compared the prices set by various bookmakers for winning the 2024 World Championship. Ladbrokes and Coral provide the best quotes on the favourite, while Sportingbet offer higher odds on the underdog.
| Bookmaker | M. Verstappen | L. Norris | O. Piastri | L. Hamilton |
|---|---|---|---|---|
|
Ladbrokes |
1/5 |
7/2 |
100/1 |
150/1 |
|
Coral |
1/5 |
7/2 |
100/1 |
150/1 |
|
Betfair |
1/7 |
11/4 |
175/1 |
225/1 |
|
Unibet |
1/9 |
4/1 |
100/1 |
200/1 |
|
Sportingbet |
2/13 |
7/2 |
100/1 |
250/1 |
Where to bet on F1
| Category | Bookmaker | Welcome Bonus |
|---|---|---|
| Best Price Boosts |  Betfred |
|
| Most Betting Markets |  Bwin |
|
| Best Odds |  Smarkets |
|
| Best Betting App |
Unibet |
|
| Best for In-Play bets |  888sport |
How We Rank Best Formula 1 Betting Sites
Here, we explain the parameters we use when assessing and reviewing the best F1 bookmakers.
F1 Markets
A top-ranking site should offer a diverse range of wagering options. This includes comprehensive coverage of futures bets (such as championship winners), pre-race odds for qualifying and race outcomes, etc. The availability of markets like fastest lap, podium finishes, and race specials are essential.
Safety & Security
We check if the sportsbook has a licence from the UK Gambling Commission. In addition, leading F1 sportsbooks ensure user data protection. They use 256-bit encryption, strong fraud detection and other security methods.
F1 Live Options
When analysing the platform, we check if they have In-play betting during the race. Any event can have many twists and turns as the race progresses. The weather can affect it, the use of a safety car and incidents in the race. We look for a range of markets to wager on at reasonable odds that are updated quickly.
Payment Methods
We review all of our suggested bookmakers to ensure they have a good range of payment options. It's convenient if you can deposit easily using your preferred card or e-wallet. We also check the speed of transactions and their limits, as this is important for smooth platform usage.
Odds
Websites need to have high prices as this directly affects your winnings. The top bookies also provide enhanced odds, sometimes called Bet Boosts or Price Boosts, on selected F1 markets.
Usability
Gambling is supposed to be an enjoyable pastime; you do not want to be frustrated by poorly signposted, confusing bookmaker websites. That is why we follow the betting process from start to finish, researching how easy it is to navigate the site.
Promotions
Many of the best bookies have promotions available. Often, the best value of these are general sports promotions for new customers only. Still, some bookies also offer specific Formula 1-related promotions during the season or in advance of particular races.
How to Bet on Formula 1
To place stakes on a race, you'll first need to register and log into your account. We’ve compiled a detailed step-by-step guide using William Hill as an example:
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Sign Up. Click 'Join' or 'Sign Up' at William Hill. Enter details and create a password. ID verification may be required during sign-up or first withdrawal, needing documents like a passport and utility bill.
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Deposit Funds. Go to 'Cashier' or 'Banking' to deposit funds. Enter any promo code if needed. Deposit at least the minimum amount required if you want to activate your bonus.
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Claim Bonus. If the reward isn’t automatically added, contact customer support via live chat or email to request your bonus funds.
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Find Your Stake. With your account funded, go to the sportsbook, find 'Formula 1', choose your markets, add selections to your bet slip, enter your stake, and click 'Place Bet'.
Types of F1 Bets
If you're new to F1 or curious about available markets, we've compiled and described popular options found at UK bookies.
Race Winner
Probably the most popular of the Formula 1 markets. Put simply, you are wagering on the first driver to cross the finish line in a given race. Every F1 bookmaker should offer this, not just the best platforms.
Podium Finish
In a podium finish bet, you are wagering on a specific driver to finish in a podium position In other words, to finish first, second or third.
Outright Bets
They can include the World Drivers' Championship and Constructors' Championship. In these markets, you stake on the driver or team with the most points by the season's end. Betting early offers higher odds while waiting reduces value as performance trends emerge.
Top 6 Finish
Top six finish wagers are similar to podium options, but here, you're predicting a driver to place in the top six. This is a good choice for those favouring an underdog with higher chances of success.
Fastest Lap
In this market, you predict which driver will achieve the fastest lap, whether in qualifying, the race, or both, depending on the specific option available.
Formula 1 Live Betting
Some of the best F1 bookies offer In-Play options on races. Sometimes, this is combined with live streaming. However, this is usually in the form of rapidly changing graphics, as the televisual rights to Formula 1 are tightly controlled. And even if you're watching the TV broadcast, you'll notice that it's delayed. The best way to follow the action on the track is to keep an eye on the odds at the bookmakers.
There are usually several markets available during the race. These include which driver will make the next pit stop, who will win the next lap, whether there will be a safety car and who will eventually win the race. Of course, as with all In-Play wagering, the odds will change as the race progresses, and when they change, it happens quickly.
Best Mobile Apps for Formula 1 Betting
Most bookies provide their customers with dedicated mobile platforms. We look at three of the best apps below:
888sport
The 888sport app is a solid choice for Formula 1 fans. It offers stakes on World Championship outcomes, race winners, and team performances. The platform supports live wagering during F1 races, providing dynamic odds in real time. With all 888sport desktop features included, multiple payment methods, and a manageable file size, it's convenient and functional. New users can also get a £30 Free Bet welcome offer.
Betway
The Betway app has a comprehensive Formula 1 section with high odds and a variety of options. They include race winners, championship outcomes, and season match wagers. The Cash Out feature is also available for certain F1 markets. All desktop features, including promotions and Price Boosts, are accessible on the app.
In addition, you can claim a welcome £30 risk-free bet by registering on this mobile platform. There is also an additional 50 Free spins as a Casino bonus.
Smarkets (SBK)
SBK app offers an exchange for Formula 1 betting. It allows you to wager against other F1 punters rather than against the bookie. You can wager on race winners, championship outcomes, head-to-head matchups, and more. Smarkets combines simplicity with extensive options in its racing section. For some markets, it provides trading statistics so you can see the patterns and choose your stakes easily.
F1 Betting Tips & Strategies
We wager on races ourselves, and want to share tips that can help when analysing the event and available stakes:
Examine Track and Seasonal Form
Research is key before placing an F1 wager. Examine how drivers perform on specific tracks and assess their current season form. This combination will help you predict who’s likely to replicate past successes.
Check Tyres and Track Temperatures
Track conditions, tyre choices, and weather forecasts can greatly influence race outcomes. High temperatures affect tyre performance, while rain can disrupt top speeds. Always check forecasts and know which drivers excel in different conditions.
Get to Know the Drivers
Understanding driver performance is crucial. Study their results from past championships and current seasons. Recognise which drivers excel on specific tracks, like Hamilton at Silverstone, to make better decisions.
Review Grid Positions
Grid position plays a vital role in race outcomes. Pole position on tight circuits like Monaco often predicts the winner.
Check Starting Positions for Fastest Lap
The fastest lap might not come from the pole sitter. Race leaders maintain a steady pace, while those further back push harder, increasing their chances of setting the fastest lap.
F1 Betting Offers & Bonuses
Many online bookmakers provide promotions to entice you to use their services. This section outlines the different promotion types available to punters interested in F1.
Welcome Offers
These Free Bets are available to players who are new to the sportsbook. They can often be used on a variety of sports, including Formula 1, although some incentives may have restrictions. You will also need to fulfil certain requirements to receive the bonus, such as making a deposit, placing a qualifying stake, etc. So it is important to read the terms and conditions carefully before signing up.
Example: Bonus of up to £50 at Betfair
Sign up with the promo code ZSKAOG, deposit £10+ using a Debit card or Apple Pay and place a £10 stake with the min. odds of 1/1. You will get a £50 Sportsbook Free Bet for Bet Builders, accumulators or multiples to use within 30 days.
Enhanced Odds
Many bookies have enhanced odds, also known as Price Boosts or Bet Boosts, available on selected F1 markets.
Example: Odds Boost at Betfair
This bookie often provides enhanced prices for various outcomes, like the one for Verstappen to win the Dutch Grand Prix.
Acca Insurance
Acca insurance is a promotion that is explicitly related to accumulator stakes. Generally, you would not have a pure F1 Acca as only one race takes place at one time, and you can wait to bet on the next race. However, nothing stops you from combining an F1 stake with wagers on other sports.
As a rule, you must place an accumulator with a minimum number of selections at minimum odds, so check the Terms and Conditions to ensure you meet the requirements. Usually, if only one of your selections loses, you will be awarded either a Free Bet or your original stake returned as cash. This softens the blow if your combo stake almost wins but is unsuccessful.
Biggest Races For F1 Betting
The Formula 1 season is made up of different races in different countries around the world. Below we look at some of the biggest races on the F1 calendar that take place every year.
British Grand Prix
Held at Silverstone since 1950, the British Grand Prix is the oldest race in F1 history. For UK fans, it’s a major highlight. Lewis Hamilton holds the record with eight wins.
Monaco Grand Prix
Monaco’s narrow, demanding street circuit makes it one of the most prestigious and challenging races. Ayrton Senna famously won here six times, including five consecutive victories between 1989 and 1993.
Italian Grand Prix
The Italian Grand Prix at Monza has been a staple since F1’s inception. Michael Schumacher and Lewis Hamilton share the record for most wins, each with five.
French Grand Prix
First held in 1906, the French Grand Prix is the oldest in the world. Hosted at various circuits, with Circuit Paul Ricard being the latest. Michael Schumacher leads with eight wins.
American Grand Prix
Returning to Las Vegas in 2024, the American Grand Prix promises to be a highlight after last year’s challenging debut. Organisers aim to improve on past issues.
Recent Formula 1 Drivers’ Champions
|
Year |
Driver |
Nationality |
Constructor (Chassis) |
|---|---|---|---|
| 2023 |
Max Verstappen |
Dutch |
Red Bull |
|
2022 |
Max Verstappen |
Dutch |
Red Bull |
| 2021 |
Max Verstappen |
Dutch |
Red Bull |
| 2020 |
Lewis Hamilton |
English |
Mercedes |
| 2019 |
Lewis Hamilton |
English |
Mercedes |
| 2018 |
Lewis Hamilton |
English |
Mercedes |
| 2017 |
Lewis Hamilton |
English |
Mercedes |
| 2016 |
Nico Rosberg |
German |
Mercedes |
| 2015 | Lewis Hamilton | English |
Mercedes |
| 2014 |
Lewis Hamilton |
English |
Mercedes |
| 2013 |
Sebastian Vettel |
German |
Red Bull |
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Frequently Asked Questions
Yes, it’s legal to wager on this competition in Britain. Almost all online bookmakers offer odds on it. You can check the reviews of the best F1 betting sites at the top of this article.
The official site is www.formula1.com. There you can find some race previews and driver or team standings that can be useful when placing stakes.
Yes, many bookmakers have In-Play wagering available for races. The common markets include the driver taking the next pit stop, winning the next lap, whether a safety car will appear, etc.
Race winner, next pit stop, and numerous outright stakes are available. Check out our guide to F1 bet types in this article for more information.
