The most watched motorsport in the world is Formula One, or F1. The sport is associated with affluent living, as evidenced by the billions of pounds that spectators who moor their yachts in Monaco Bay and automobile owners exchange for tickets. Today’s drivers earn more money than almost any other athlete, with base pay of up to £30 million, making them true celebrities. It seems sense that kids would desire to be race car drivers once more when performance bonuses and sponsorship add-ons are taken into consideration.
It goes without saying that the sport has changed significantly since the 1920s, when petrolheads risked their lives to race around Brooklands. Another type of bettor has been drawn in by the money, glamour, and flash, since they can now wager on a plethora of Formula One markets both in advance of the race and live during the event.
These days, almost all bookmakers offer F1 betting lines, and during the season, you can find some respectable F1 specials and bonuses. The top F1 bookmakers, bet kinds, best odds and payout locations, information on the main races, top drivers, teams, and countries, the sport’s history, and safety in F1—including notorious crashes and heartbreaking deaths—are all covered in this guide.
Definition of F1 Bookies
Formula 1 betting sites are online platforms that allow fans to wager on various aspects of Grand Prix races, enhancing the overall viewing experience. From predicting race winners to betting on fastest laps, these sites cater to a wide range of F1 enthusiasts.
Growing Popularity of F1 Betting
The allure of F1 betting has grown exponentially in recent years, with fans seeking not only to enjoy the races but also to add an extra layer of excitement by placing strategic wagers.
With many online bookmakers now offering formula 1 markets, many punters now bet on formula as well. Top formula 1 sports betting sites have incredible betting offers, high betting odds and different betting markets.
Factors to Consider When Choosing The Best F1 Racing Betting Site
Betting Options
Before diving into the world of F1 betting, it’s crucial to assess the range of betting options offered by a platform. The best bookies should provide diverse markets, including race winners, podium finishes, and driver matchups.
Odds and Payouts
The odds and payouts offered by a betting site play a pivotal role in determining the potential returns. A thorough understanding of odds and comparing them across different platforms ensures bettors get the best value for their money.
Site Reputation and Security
Security is paramount when engaging in online betting. A reputable F1 betting site should have a solid track record, secure payment options, and robust encryption to safeguard user data.
Top F1 Betting Sites in the UK
If you’re looking for the best online formula 1 betting sites that offer a wide variety of betting markets that’ll enhance your betting experience, then you’re at the right place. Let’s take a closer look at the best formula one betting sites below:
Parimatch
As well as pre-race and outright F1 betting markets, you will also find in-play opportunities at Parimatch. The bookie also offers useful information surrounding the sport, including which drivers compete for each team. The sports welcome offer is worth £20 in free bets, with a handful of ongoing promotions being available too. Parimatch is fully functional on mobile devices, with a good number of payment methods being accepted too.
Sky Bet
At Sky Bet, you can bet on each individual F1 race, as well as the season overall. One of the most popular F1 markets is Head to Head, where you can bet on which of the two drivers in question will finish the race first. SkyBet is known for offering some of the best motor racing prices around. Meanwhile, the bookie is also one of just a few to come with a no deposit bonus for new members.
Bet365
Bet365 makes our top three list of the best F1 betting sites. When it comes to Formula One Bet365 have one of the best betting interfaces around and that is one key reason they are among three of the best we rated. The betting site covers all the main lines you will want to see they just do it a easy to use digestible way. You won’t get a tons of regular F1 offers from this bookie but you can guarantee to get fantastic odds. BetVictor pride themselves on the competitiveness of their odds lines so you simply have to drop in to this site before you place your bets. Also, you can open a new account and Bet365 will give you up to 3 times that value in free bets for any amount you deposit.
Spreadex
Spreadex is in our top 5 formula 1 online betting sites for several reasons. They offer several numbers of F1 betting markets. Pre-race, live and outright options are available, with popular markets including race winner, fastest qualifier and drivers championship. Odds are competitive throughout, with new members at Spreadex being able to get their hands on £50 in bonuses. While there are no promotions specific to motor racing, Spreadex does score well when it comes to mobile betting, customer service and withdrawals.
BetUK
This formula 1 betting site offers live betting on F1 and covers all F1 races during the season, with markets being available on practice, qualifying and the race itself. The bookie is a top option for motor racing specials. An example is Max Verstappen winning qualifying, the race and setting the fastest lap. Odds are among the best around, while the BetUK app can be downloaded on iOS and Android devices. You can also claim £30 in free bets when signing up, while ongoing promotions include acca boosts. BetUK is better suited to live betting compared to other sites for formula 1 betting on this list.
Formula 1 Betting Markets
Our top F1 betting sites now offer a range of markets that provide both pre-race and live betting opportunities. Let’s delve into the key bet types available at Formula 1 sportsbooks.
Race Winner
This is the easiest F1 betting market to follow a single race. All you’re doing is guessing who will win a certain race. Since it’s hard to pass in Monaco, the drivers on pole and second place are probably going to start as favourites. But as these wagers sometimes have shorter odds, their payouts will also be smaller. Still, a race’s outcome might be entirely influenced by the weather. For instance, in the rain, errors are more likely to occur, which increases the likelihood of overtaking, particularly farther down the pack. This may offer more advantageous odds in the market for race winners.
Podium Finish
The goal of the podium finish betting market is to guess which driver will place first, second, or third. Since each Formula 1 team is limited to two cars every race, there is always room for more competitors. In the event that you would prefer to hedge your bets and are unclear about the eventual winner of the race, the podium finish betting option is also a solid alternative.
Safety Car
The safety car could show up at any moment, whether it’s due to bad weather, like persistent rain, or a pile-up. A safety vehicle wager is as straightforward as yes or no, but keep in mind that the odds change based on how challenging the course is. For instance, safety car deployment is very likely in Singapore due to the city-state’s high humidity and frequent turns.
Fastest Lap
Just because someone completed the fastest lap in qualifying, doesn’t mean they will be the fastest in full-race trim. A car’s speed can be affected by a variety of things, such as weather variations and greater traffic on race day. Because of this, this kind of wager has greater odds because it is more difficult to forecast. Nevertheless, before placing a bet on this betting market, we strongly advise you to conduct some extensive study. A driver is likely to win the fastest lap bonus point this time around if they have routinely recorded some of the fastest lap times on that particular track in recent years.
Drivers and Constructors Championship
Betting fans are not limited to wagering individual races, as outright betting on a specific driver can be placed on the winner of the drivers’ championship. Formula 1 is an unpredictable sport, with a lot happening over the course of a long and gruelling season. As such, wagering on a winner before the season has started can be a risky move. Have a look at how the first few races develop before you make your choice, just in case your early prediction falls through. You can also follow the chances of top drivers on our F1 World Championship winner odds tracker and view how their odds change throughout the F1 season.
This is one aspect of F1 betting that we love. Outright bets can also be placed on the winner of the constructors’ championship. Teams win this based on the combined points of all their drivers over the course of a season. As such, a team with drivers that regularly make podium finishes has a better chance of racking up more points than one whose drivers only finish in average positions.
Top Six Finisher
While it’s often most exciting to bet on the outright winner of a race, sometimes it’s prudent to hedge your bets with a wager on a top six finish. For example, you might want to bet on young Mercedes talent George Russell, but you don’t know if he can pull off a podium finish. In that case, betting on a top six finish gives you a little more leeway.
Some punters might also consider betting on multiple racers they think will finish in the top six — or combine the odds into an acca for a larger but less likely payout.
Formula 1 Betting Bonuses and Promotions
Boost Your Bankroll
The quality of a betting bonus can be the difference between a good F1 betting site and a great one. We’ve put together a list of the key offers to look out for so that you can find the Formula 1 betting site that takes pole position.
Matched Deposit
Matched deposits offer punters a lot of potential value. Players can boost the size of their first deposit up to a certain amount, with some betting sites matching your first downpayment as much as 200% up to £200. Make sure you read the T&Cs of the bonus before you claim, however. There will likely be wagering requirements attached to these offers that may require you to deposit more cash than you’re willing to. The best value matched deposit bonuses will be those that come with the lowest wagering requirements.
Free Bets
Free bets are a staple of online betting bonuses. You can claim a free bet either as part of a welcome bonus or with an existing player promotion. These promotions can be a helpful boost to your bankroll, but make sure you understand the T&Cs of the bonus before you claim. There may be wagering requirements attached to the bonus as well as other terms and conditions, such as min odds and deposit limits, that can affect how you play.
There are several types of free bets available to players. Some sites offer £10 free bets valid for 7 days only or 1 X £10 free bet. Others give you free bets when you place a minimum qualifying bet. Usually, there is a free bet offer per customer given by top formula 1 bookmakers. F1 free bets are paid as bet credits directly into your account. However, free bets expire after a specified number of days which varies slightly by bookmaker.
Price Boosts
F1 races are some of the biggest events in the global motorsport calendar, attracting audiences in their millions. As such, Formula 1 betting sites will improve the value of certain odds in order to stand out from the crowd. A bookmaker may boost the odds of Valtteri Bottas winning a particular Grand Prix, for example, meaning that the payout will be greater should he win. These promotions are available to both new and existing players and don’t come with wagering requirements attached. However, there can be T&Cs like minimum odds and deposit limits that will need to be adhered to.
How We Chose The Best Formula 1 Betting Sites
The FI betting industry is getting bigger and better. As a result, it can be difficult to choose which site to start betting F1 with considering the sheer quantity of sites that offer F1 markets these days. But before we could offer any advice, we made sure that all of our top-rated bookmakers had excellent ratings in the following categories:
Security features: You can utilise any of the bookies we’ve mentioned without fear. The Gambling Commission has granted licences to each of them. They’ve all set up a variety of safeguards to keep guests safe in the interim. Firewalls and Secure Socket Layer (SSL) encryption technologies are two examples of this.
Betting markets: Over the years, there have been a lot more range of F1 betting markets and different types of F1 Bets. Betting on a driver to come out on top, bets on the fastest lap, race winner, podium finisher, championship winner, and many other events are now available. Therefore, before enrolling, make sure that your needs are met in this regard.
Bonuses and promotions F1: Betting sites in the UK come with some form of welcome offer in an attempt to entice new members into signing up. In the meanwhile, they frequently have continuous incentives including money-back offers, acca insurance, price increases, and free bets. You should utilise the promotions to their fullest potential when the terms and conditions are reasonable.
Mobile app: A sizable percentage of Formula One wagers are currently made via mobile devices. Although you may use any mobile browser to access betting sites, many bookies have also created specialised betting apps. Apps are generally available on iOS and Android and provide improved speed and use.
Formula 1 Live betting: In addition to pre-match markets, you may place In-play bets on Formula One races once they’ve started. As the laps progress and incidents happen, the odds change. You might profit if you can validate your wager at the appropriate moment.
Payment options: You have to make a personal deposit before you can wager on Formula 1. Debit cards, e-wallets, and Apple Pay are just a few of the many payment methods that the top bookmakers take. Examine the withdrawal policies as well as any processing costs.
F1 betting odds: In the end, your earnings from a successful F1 wager will depend on the odds. All of the bookmakers we suggest are strong contenders in this market. To find the best F1 odds though, it is worthwhile to search around.
Conclusion
In this article, we have provided F1 betting tips, betting strategies and everything you need to know about formula one betting whether you’re new to wagering on the sport or an experienced punter. In terms of the best Formula One bookmakers, many betting sites offer live betting and other exciting F1 betting offers that F1 fans will love. Generally, they all have comprehensive coverage of markets, bet types, and the occasional price boosts and special bets it offers. Remember to always gambling responsibility. Do not bet more than what you can afford to lose. The thrill of betting lies in staying in control at all times.
FAQs
- Is F1 betting legal in the UK?
- Yes, F1 betting is legal in the UK, subject to regulations and licensing.
- How can I enhance my chances of winning F1 bets?
- Analyzing statistics, staying updated on team and driver news, and setting a budget are key strategies.
- Are there risks associated with F1 betting?
- Like any form of gambling, F1 betting comes with risks. It’s important to bet responsibly and recognize potential challenges.
- What is live betting in F1?
- Live betting allows you to place bets in real-time as the F1 race unfolds, adjusting your strategy based on the action.
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Can I bet on F1 races using a mobile app?
- Many F1 betting sites offer mobile apps for convenient and on-the-go wagering.
