Formula 1 Betting Sites in February 2023

Are you looking to bet on Formula One but are not sure where to start? Worry not because we have got you covered with this comprehensive guide. Here, we discuss the best Formula 1 betting sites, review F1 bookies, and share information, tips and strategies for Formula 1 betting.

Top F1 Betting Sites

Bookie Bonus Licence Opinions
39225
39439
39576
35944
54743
54743
9177
38718
39173
22201
39011
56859
39469
39335
45322
27343
35762
39108
43173
39011
These places are paid by the bookies

Our Top 5 F1 Bookmakers

William Hill

Welcome Bonus: Bet £10 for £30 of Free bets.

William Hill are a great motorsport bookmaker who provide odds on a number of F1 betting markets all year round, but obviously mainly when the season is in play and each individual race can be wagered on. They have a great variety of betting markets all with competitive odds. What is more, if there is a bet that you wish to place that they do not currently list, you can request it using their #yourodds feature.

  • A large number of F1 betting markets all year round.

  • Many bet types for each race.

  • Great odds with selected feature bet boosts on the day of the race.

Betfair

Betfair is a great choice for all forms of motorsports betting, and that includes Formula One. They have the best betting odds available by some distance on all drivers outside the top 4, and their live betting is better than most, not suspending at all during the race even if their is a safety car or a crash, which means you can manage your bets at all times.

  • Fantastic Odds.
  • Large range of betting markets.
  • The best "In-play" betting product.

Parimatch

Parimatch have betting markets available for every race, and not just the race, you can bet on the qualifying laps and even on the practice laps. As well as who will win the race there is the fastest lap betting and propositions bets, such as whether there will there be a safety car or not, as well. They tend to only have odds available for the race once qualifying has finished but you can bet on the outright winner of the Drivers Championship or the Constructors Championship all through the year. There are bet boosts available on the day of the race and occasional Free bet offers as well.

Ladbrokes

Ladbrokes are arguably the original UK bookmaker and in the modern world they continue to lead the betting industry, even when it comes to the latest in technology from Formula One racing. They list every race and provide a lot of additional information on the race card that you do not always get everywhere else. Funding your account is easy and with a Ladbrokes Grid card you can claim your winnings instantly as cash in any of their high street shops.

  • Great Formula One race section.

  • UK customers can get paid as cash with the Ladbrokes Grid card.

  • Data on previous race winners and other statistics are available.

Coral

The Coral Formula One section promises "Fast Cars and Fast Prices" and that is exactly what you get. They have season long bets available all year round and closer to each race a large number of betting markets there too. For those who can not wait for the real F1 Season to begin they also have "Motorsports" listed as one of their "Virtual" sports and you can bet on, and watch, all the same markets as a real life race would have, all year round.

  • Many F1 betting markets per race.

  • Virtual betting on "Motorsports" all year round.

  • Existing customers often get "Super boosts" which can be used on F1 races.

How We Rank Best Formula 1 Betting Sites

We want you to have the best possible Formula 1 betting experience possible, so we do our research into Formula 1 betting sites, which means that you don't have to. Here, we explain the parameters that we use when assessing and reviewing the best F1 betting sites.

The Sign Up Process

Firstly, we will start at the very beginning with the sign up process. We know that you want to get on with your F1 sports betting, without being hindered by an unnecessarily lengthy registration, full of seemingly pointless questions.

At the same time, we want to make sure that betting sites are asking the important questions and following the correct processes to create a secure account, to give you confidence that your personal details are safe.

Depositing & Withdrawing

We know that you want to be able to deposit and withdraw at an online bookmaker using your preferred payment method. That is why we review all of our suggested bookmakers to ensure that they have a good range of different payment options available.

Not only that, but we also look at and test the depositing and withdrawal processes to find out how long it takes online bookmakers to get money into, and also all importantly to get your winnings back to, your account.

Odds

Many of the best F1 betting sites offer enhanced odds, sometimes called Bet Boosts or Price Boosts, on selected F1 betting markets. There is a good argument to say that it is simply not worth wasting your time on the ones that don't. We shop around on your behalf to find the betting sites that offer the best odds on Formula 1.

Usability

Gambling is supposed to be an enjoyable pastime; we know that you do not want to be frustrated by poorly signposted, confusing bookmaker websites. That is why we follow the betting process through from start to finish, researching the range of F1 betting markets available and nothing how easy it is to navigate to them on the site.

We check how easy it is to add a bet to your bet slip, place your bet and review it, once it has been placed. In addition, we look at how clearly each betting site displays your predicted returns and/or liability.

In-play betting

We check whether each betting site allows you to bet on the race only before the start or if they have In-play betting during the race, right the way up to the chequered flag. Any F1 race can have a huge amount of twists and turns as the race goes on, being influenced by the weather, the use of a safety car, and of course the racing incidents that make F1 what it is. Being able to bet easily, on a range of markets, at reasonable odds is what we look for when rating a site's "in-play" betting product.

Promotions

Many of the best Formula 1 betting sites have promotions available. Often, the best value of these are general sports promotions for new customers only, but some bookmakers also offer specific Formula 1 related promotions during the season or in advance of specific races. We have researched the best Formula 1 betting sites, to find those with the best offers and promotions available to you. F1 gambling should always be for fun, but bonuses and promotions can help you get more bang for your buck, and your money go that bit further.

How to Bet on Formula 1

Start with an introduction on how to bet on F1. Use enumerated bullet points for each step.

In order to bet on Formula 1 you will first need to log into your account, in this example we are using William Hill.

  1. Navigate to the motor racing betting markets, this will be where all the betting lines are for Formula One.
    William Hill usually have the best betting markets.
  2. Because of the time of year and the fact that the F1 season has not begun yet we only have outright markets to bet on at the moment. If it was closer to an actual race there would also be a race winner market, a pole position market, and perhaps who will record the fastest lap. The process is the same no matter what bet you are placing.
  3. Within the different bet types go to the one you are interested in and when you see the selection that you want to make you will see a number underneath it and that is the odds. Click on this and at the bottom right of your screen a betslip will appear.
    Enter the stake amount on the betslip and confirm your F1 bet.
  4. On the betslip you are shown confirmation of exactly what you are betting on and can enter the stake amount (the amount that you want to bet) and this will automatically display for you the total returns (the amount that you will win plus the stake). If you are happy with everything, click the yellow "Place Bet" and you are done.

Types of F1 Bets

If you are new to Formula One betting or would like to know more about the different types of F1 betting markets available, then read on, as we explain some of the different bet types out there in the world of F1 betting.

Race Winner

Probably the most popular of the Formula 1 betting markets on offer, the race winner bet is the simplest form of bet. Put simply, you are betting on the first driver to cross the finish line in a given race. Every bookmaker should provide this not just the best betting sites.

Podium Finish

In a podium finish bet, you are betting on a specific driver to finish in a podium position; in other words to finish first, second or third.

World Drivers’ Championship Betting

The World Drivers' Championship bet is a bet on the futures market, usually placed at the start of the Formula 1 season. Throughout the season, drivers can earn points depending on their finishing position at the end of each race. With this type of bet, your are betting on the driver you think is going to amass the most points over the course of the season; the World Championship driver. If you want to wait until the season is underway to place your bet once you have seen who is on top form and which car is performing well that season then you can, but of course the bookies will have the same information as you, so the odds might not be so great at that point.

Top 6 Finish

Top six finish bets are similar to podium finish bets, but instead of betting for a driver to finish in the top three in a race, you are betting on a driver to finish in the top six places. If you fancy backing an underdog, this is the best bet type to use as it has the best chance of being successful.

Fastest Lap

With the fastest lap bet type, you are betting on the driver that you think will drive the fastest lap, in either qualifying, the actual race, or over both, depending on the market you are looking at.

Constructors' Championship Outright Betting

As well as the Drivers' Championship, there is also the Constructors Championship. Throughout the season, F1 teams earn points depending on how well their team's cars perform in each race. With an outright bet on the Constructors' Championship, you are betting on the F1 team that you think will have earned the most points at the end of the season after adding up the tally of both their drivers.

Formula 1 Live Betting

Some of the best F1 betting sites offer live betting on Formula 1. Sometimes, this is combined with live streaming, although this is usually in the form of rapidly changing graphics, as the televisual rights to Formula 1 are tightly controlled.

It's worth remembering when you are F1 betting live that the television broadcast is on a slight delay, so that should be taken into account. When you are live betting on Formula 1, things can change very quickly during the race, so when you see a bet you like do not hang around placing it, there is very little time to relax. It is very exciting but also very stressful betting like this, so be extra careful.

The types of betting markets usually available during the race include the driver taking the next pit stop, the driver that will win the next lap, whether a safety car will appear, and the eventual race winner. Of course, as with all In-Play betting, the odds will change as the race progresses, and when they change it happens quickly.

Best Mobile Apps for Formula 1 Betting

The majority of betting companies these days provide their customers with dedicated betting Apps to improve the experience of placing bets using your mobile device. We look at three of the best Formula One betting Apps below:

888sport

Welcome offer: Bet £10 get £30 in Free bets.

The 888sport App gives you a convenient way to access and bet on any sporting event covered by 888sport. The file size is not too large which is great if memory space is at a premium on your phone. All the features of the desktop site have been carried over, there are multiple payment methods to choose from, you can bet "in-play" and certain sports can be streamed and watched live too. New customers can download the App today and qualify for a bet £10 and get £30 in Free bets welcome offer.

Betway

New user offer: If your first bet of £30 (as an Acca) loses get refunded in Free bet credits to try again.

Betway has always been known for the quality of their product and this has carried through to their betting App. You are given access to all the major games and tournaments that you would expect, and every sport available on the desktop website can also be bet on via the App, including of course F1. All the promotions and price boosts can be claimed from the App and all payment methods are supported, so there is no reason at all not to use the App when you are out and about, anytime you want. New users who download the App and register today can bet £30 on an Acca and if the bet loses be refunded in Free bets upon bet settlement. There is even an additional 50 Free spins as a Casino bonus available too.

Smarkets (SBK)

Sign Up bonus: Bet £10 get £30 of bet credits

SBK is the customised betting App of the betting exchange Smarkets. They have taken the market leading odds of the exchange and combined it with the simplicity of a sportsbook, to deliver their UK customers a truly stunning product in terms of useability and betting value. Of course Formula One bets are available, as are all the other sports they offer markets on, football, horse racing, tennis, etc, etc. They have several payment methods available and of all the F1 betting Apps they have the most knowledgeable, helpful, customer services team available when you need them.

F1 Betting Tips & Strategies

We want you to have the best possible success when betting on Formula 1. That is why we are sharing our best F1 betting tips and strategies. Read on to hear how you can make the most informed Formula 1 bet possible. For example consider:

Track and Seasonal Form

Before placing a bet on Formula One, it is always a good idea to do your homework. Take the time to research the track you are planning to bet on, to see which drivers have performed well there. Once you have done that, take a look at their form over the current season, to see if they stand a good chance of replicating their success.

Tyres and Track Temperatures

Any Formula 1 fan will know that track conditions can have a huge impact on the outcome of a race, as can decisions around tyres. A hot track can quickly affect the performance of tyres, which is important to keep in mind if you are utilising In-Play betting or the cash out feature.

Weather Forecast

As above, the temperature of the track can have a big impact on the outcome of a race, so it is important to check the weather forecast for the upcoming race, before placing your bet.

Likewise, if rain is forecast, it could cause a huge upset, as often the fastest cars struggle to reach their top speeds in wet conditions. It is also a good idea to do your homework and find out which drivers are most successful in wet conditions earlier that season, so you can see who has the best car and the most skill for those weather conditions.

Best Odds

It might sound obvious, but to get the best value for money, it really does pay to shop around between bookies for the best F1 betting odds. Many online sportsbooks offer enhanced odds such as Bet Boosts for particular markets, which can result in bettors finding competitive odds compared to other online sportsbooks. Combine this with a new customer sportsbook bonus and you can maximise your potential winnings.

F1 Betting Offers & Bonuses

Many online bookmakers have betting offers and promotions available to entice bettors to use their services. In this section, we outline the different types of promotion available to punters looking to partake in F1 betting.

Free Bets

Free bets are bets that are offered to bettors in exchange for placing a qualifying bet, usually with specific wagering requirements such as min odds and/or minimum bet amount. For this reason, it is worth reading the Terms and Conditions of the promotion carefully, to ensure that any qualifying bets are placed correctly.

Also, look for any details in the T&Cs about using the Free bet; usually, Free bets are usually awarded upon qualifying bet settlement and are valid for a limited amount of time, and the Free bet stake is rarely returned with any winnings.

Enhanced Odds

Many F1 betting sites have enhanced odds, also known as Price Boosts or Bet Boosts, available on selected F1 betting markets. It is worth taking advantage of these fantastic odds when you see them (provided, of course, that you think the bet has a good chance of being settled in your favour) as they can provide better value for money that the standard odds price available elsewhere.

Acca Insurance

Acca insurance is a promotion specifically related to accumulator bets. Generally you would not have a pure F1 Acca bet as there is only one race taking place at one time and you can not bet on the next race yet. However there is nothing stopping you from adding a F1 bet to a general sports betting Accumulator. As a rule you have to place an accumulator bet with a minimum number of selections at min odds, so do check the Terms and Conditions to make sure that you meet the requirements. Usually, if only one of your selections loses, you will be awarded with either a Free bet, or your original stake returned as cash. This softens the blow a little, if your accumulator bet almost wins, but ends up being unsuccessful.

Biggest Races For F1 Betting

The Formula 1 season is comprised of a number of different races, which take place in all different countries around the world. There were due to be 24 Grand Prix in the 2023 season, but the Chinese Grand Prix has been cancelled due to their draconion Covid-19 restrictions, which have made the event unworkable. Below, we discuss some of the biggest races in the F1 calendar.

The British Grand Prix 

For UK F1 fans, the British Grand Prix is the highlight of the Formula One season. The British Grand Prix was the first round of the very first world championship season in 1950, making it the oldest Grand Prix in the history of Formula One. Of course, the British race takes place annually at Silverstone, an F1 circuit in Northamptonshire, England. Lewis Hamilton has won at Silverstone a record eight times, making him the most successful F1 driver on that track.

The Monaco Grand Prix

With a reputation for being both chic and exciting, the Monaco Grand Prix is the only F1 Grand Prix track that does not adhere to the FIA's mandated 305km minimum race distance. At only 260km, it isn't actually a track at all, as it is raced on the streets of Monaco itself. It is considered one of the most demanding tracks in Formula One, as the course is very narrow with tight corners and shifting elevations, and of course the famous tunnel. As it is such a dangerous course, the safety car is likely to make an appearance.

Ayrton Senna has famously won the Monaco Grand Prix on six occasions, including a string of five consecutive wins between 1989 and 1993.

Italian Grand Prix

The Italian Grand Prix is the only other Grand Prix to have been included in every Formula 1 season since its inception, alongside the British Grand Prix. Famously held at the Monza Circuit in Italy, Lewis Hamilton and Michael Schumacher share the title for most wins there, with five each.

French Grand Prix

The French Grand Prix holds the title of the world's oldest Grand Prix, with the first being held there in 1906. Perhaps surprisingly for an event with such a long history, the location of the French Grand Prix has changed between sixteen different race circuits throughout France over the years, with the most recent location being the Circuit Paul Ricard in Le Castellet, France.

Michael Schumacher holds the record for the most wins at the French Grand Prix, with a total of eight wins under his belt.

American Grand Prix

Certain to be a highlight of the 2023 season, F1 is returning to Las Vegas for the first time in almost four decades. As one of three Grand Prix taking place in the USA in 2023, Las Vegas is sure to have a party atmosphere as it takes place over Thanksgiving weekend.

Recent Formula 1 Drivers’ Champions

Year

Driver

Nationality

Constructor (Chassis)

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

The top betting sites are… 

Here at Legalbet we have also categorised the top betting sites and their features to make them easier for you to find. They are:

By Sport: Football | Tennis | Boxing | Cricket | Snooker | Golf | UFC | Darts | Greyhound  | Rugby | Horse Racing | Basketball | Baseball | Formula 1 | Ice Hockey (NHL) | Volleyball | Cycling

By Payment Systems: PayPal | Skrill | Klarna | Boku | Debit Cards | Apple Pay | Paysafecard | Neteller | Google Pay | Prepaid Cards

By Features: Cash Out | £5 Minimum Deposit | Minimum Bet Sizing | Live Streaming Betting Exchanges | Safest | Fast Withdrawal | Daily Free Games

By Events: Politics | Superbowl

By Esports: CS:GO | Dota 2League of Legends | PUBG | Valorant

Frequently Asked Questions

Can I bet on F1 races?

Yes, of course. We explain exactly how to do it in the article above.

Where can I bet on F1?

Because F1 is so popular, almost all online bookmakers offer odds on Formula One. For reviews of the best F1 betting sites, scroll to the top of this article.

What is the official Formula 1 site?

The official site of Formula One is www.formula1.com.

Can I bet on F1 at Betway?

Yes, Betway offer a number of betting options for F1.

Can I place "Live Bets" on Formula 1 races?

Yes, many bookmakers have In-Play betting available for Formula One races.

Can I use more than one sports betting site?

Yes, you can sign up for as many betting sites as you like. However, you may need to check the Terms and Conditions of some Welcome Bonuses, as some affiliated bookmakers may only allow one Welcome Bonus per customer between all of their websites.

What types of bets can I place on Formula One?

There are many different betting markets available for Formula One bettors. Check out our guide to Formula 1 bet types in this article, for more information.

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