Formula 1 is one of the most exciting and thrilling motorsports in the world. It is a spectacle that draws viewers from all over the globe and keeps them on the edge of their seats until the checkered flag flies.
But what if you could not only spectate, but also participate? What if you had the chance to bet on Formula 1 and possibly win some money? If this prospect has you intrigued, read on to learn about where you can bet on Formula 1.
In this article, we will take a look at the best places to bet on Formula 1. We will discuss the pros and cons of each option so that you can make the right decision for your needs. So, if you’re ready to experience a whole new level of excitement, then let’s dive in!
Table of Contents
Watch this video to learn more about betting on F1.
Where can I bet on Formula 1?
Below we go through the best sites for you who want to bet on Formula 1. We list the advantages and disadvantages of each platform.
1. William Hill
First one of the best options to bet on Formula 1 is William Hill. Established in 1934, this bookmaker is renowned for its high standards and offers a great mobile betting app as well as an optimized browser version of its website. For every Grand Prix, William Hill offers a wide variety of combination bets with long odds that can potentially lead to big wins.
With this option, racing fans of all stripes will be able to follow the twists and turns of the season with motor racing betting options that go beyond the top racers. Markets include things like the constructors’ race, fastest lap and leader after lap 1, so you can keep up with the action in real time. What’s more, you can bet on drivers going head to head, adding an extra layer of excitement to each race. It’s definitely the go-to destination for Formula 1 fans who want to get in on the action.
Pros
- Wide variety of combination bets with long odds.
- Customized betting options for every race.
- Fully optimized mobile app and browser version of the site.
Cons
- Layout of the website can be confusing.
- The welcome bonus is only mediocre.
2. Bet365
The second great option for betting on Formula 1 is bet365. Founded in 2000 by Denise Coates, this UK-based bookmaker operates under licenses granted by the United Kingdom Gambling Commission, government of Gibraltar and Malta Gaming Authority. Hence, you can be sure that all your bets are in safe hands and that you’ll enjoy a secure betting experience.
When it comes to Formula 1 betting, bet365 stands out for the sheer variety of bets available. With nearly 50 markets offered for each race, you’ll never be short of betting options. You’ll also be able to take advantage of important in-play features, such as the quick and responsive cash-out feature and bet boosts at the top of the Formula 1 page in the build-up to races.
If you’re a new customer, bet365 also provides F1 free bets as part of its welcome bonus. Moreover, regulars can enjoy loyalty promotions with free bets. Overall, bet365 is an excellent choice for Formula 1 betting, offering a great selection of markets and enhanced odds. It also ensures that all your bets are conducted with maximum security.
Pros
- Nearly 50 markets offered for each race
- Quick and responsive cash-out feature
- Bet boosts in the build-up to races
- Different payment methods
Cons
- Formula 1 is not available on live streaming services.
- There have been many complaints about Bet365 limiting accounts of its users.
3. Betfair
On number 3 of the list of best betting sites for Formula 1 is Betfair. Established in 1999, it is an online betting site that has become one of the most trusted and largest names on the internet. Starting off as an exchange only, the site now offers an extensive online sports betting section along with a conventional sportsbook.
At Betfair, F1 bettors will be able to take advantage of the great welcome offers that come with the sportsbook. The site also features all the betting markets needed, along with regular enhanced prices on Formula 1 races. Moreover, bettors can read the Betfair blog to get race previews, betting tips and guides from experts. With its wide range of options, it will definitely be a great experience for F1 fans who are looking for an online sports betting platform to get in on the action.
Pros
- Sports betting brand trusted by millions
- Sporting events have great odds
- Sports bettors get a huge welcome bonus
- Withdrawals are processed within 12 hours
Cons
- Customer support doesn’t include email.
- Only a few withdrawal options are available
4. Betsson
On number four, we have Betsson, a Swedish company established in 1963 with over 5 decades of experience. It is one of the top sportsbooks in the world and has received various awards such as Casino Of The Year Award, the Best Online Sportsbook Operator of the year in 2012, and the Best Sports Betting App and Excellence In Customer Services in 2014.
Betsson offers a great betting platform, built in house and providing significant features such as Bet Builder, Cashout and Live Streaming. It also comes with 35+ sports, lots of extra bets and a great variety of local and commonly used payment methods. The bookmaker has also invested heavily on sponsorships to further promote the brand.
For F1 bettors, Betsson provides a great selection of betting markets and odds. It also offers a welcome bonus to new players, as well as promotions like enhanced odds and cash-back bonuses. The site is secure and reliable, with quick withdrawals.
Pros
- Several payment options.
- 24/7 customer services.
- There is a good range of odds available.
Cons
- Fees on deposits
- Multiple countries’ restrictions.
5. Betway
On number five, we have Betway, a leading online betting operator that was launched in 2006 and has since made a name for itself as one of the top sportsbooks around. Betway is licensed by several authorities and regularly audited to guarantee safe and fair operations. It offers 26 different sports with thousands of markets, as well as providing an impressive website experience and downloadable mobile apps.
Betway is the perfect choice for Formula 1 bettors looking for a fast and responsive betting service. Its site neatly arranges all available markets into races and market types, allowing instant access to everything from race winner to championship winner markets. To make things even easier, you can also choose between fractional, decimal or American style odds display.
Betway covers all Formula 1 events, not only pre-race markets but also in-play bets. That way, you can always get your F1 betting fix no matter the time or place. So if you’re looking for a secure and reliable betting service with quick withdrawals, Betway is the perfect choice.
Pros
- New players receive a nice bonus.
- Reliable customer support.
- Mobile app available for Android and iOS
Cons
- Restriction in multiple countries.
- There is no odds booster.
6. 888sport
Next up, we have 888Sport, a popular and trusted bookmaker with licenses from both the United Kingdom Gambling Commission and the Gibraltar Licencing Authority. In 2008, 888Sport was created as a subsidiary of the well-known 888.com brand and since then, has grown to become one of the most recognised betting sites in the online gambling industry.
For Formula 1 fans, 888Sport is the place to go for betting. It has an entire motor racing section dedicated to Formula 1 and its top five most popular F1 bets are always listed at the top of the page. Moreover, a wide range of markets are available for each Grand Prix race. 888Sport also offers flexible acca insurance, meaning punters can get their money back as a free bet if one leg of an accumulator fails. Plus, the site runs virtual motor racing betting for punters who want a different type of betting experience.
Pros
- Offers flexible acca insurance for F1 bets.
- Features virtual motor racing betting for a different type of betting experience.
- Customer support is available 24/7
- Exceptional welcome bonus
Cons
- No live streaming capability yet
- No loyalty program
7. Unibet
Lastly, we have Unibet. Boasting over 3.6 million customers worldwide, Unibet is one of the largest privately-owned bookmakers in Europe and an active member of the European Betting Association. This online sportsbook is available in more than 100 countries, offering punters the best betting odds and timely payouts.
For formula 1 fans, Unibet offers a variety of bet types, from drivers’ championship bets and head-to-head battles to constructor bets and qualifying. With reliable odds during qualifying, punters can bet on F1 with more security of knowing a car won’t crash into another.
Unibet also offers season-long special bets such as choosing one driver over another to finish higher in the drivers’ championship. Whatever type of Formula 1 betting you prefer, Unibet is sure to provide you with a thrilling and rewarding experience.
Pros
- Variety of special bets offered throughout the season.
- Wide selection of payment methods available.
- Friendly customer service team available 24/7
- Beginner friendly
Cons
- Cash out option is not very reliable
- Users may find less features as compared to other betting platforms for F1.
Frequently asked questions
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Conclusion
So, those are our top picks for the best F1 betting sites. Whether you’re a casual fan or an avid follower of Formula One, these bookmakers offer a great way to add excitement and enjoyment to your viewing experience.
No matter which bookmaker you choose, always remember to gamble responsibly and make sure you understand the terms and conditions of your chosen bookmaker. So don’t miss out – take your pick and start making your bets today!
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