Formula 1 Betting Online Guide

The FIA Formula One World Championship, also known as Formula 1, is one of the most popular and exciting racing circuits in the world today. The drivers that take part in these races are the best of the best and are ranked in the highest category of racers. Over 600 million fans turn out each season to see some of the fastest cars in the world take to the racetrack. Because of its extreme popularity, there are many online sportsbooks that offer Formula 1 betting. This article will focus on the different types of bets people can use for F1 racing. We will also discuss some of the major events and odds for F1 racers. Lastly, we will give a brief history of the sport. Almost all of our recommended sportsbooks provide betting on Formula 1, so you can bet from the comfort of your own home and sit back and watch the action.

If you also like other motorsports besides F1, be sure to check out our Nascar, Rally and V8 Supercars sections.

Top Bookies for Formula 1 Betting

1
Bovada
50% up to $500
2
TopBet
100% up to $500
3
BetOnline
25% Free Play
4
JustBet
50% up to $2500
5
GTBets
100% Cash up to $250

Formula 1 Betting Types and Odds

Individuals looking for betting types have come to the right site. Below we will discuss some of the different types of markets available for betting on Formula 1.

Qualifying Bets: For each Grand Prix, drivers have to qualify for their starting position. There is a race the day before the GP to determine qualifying times and positions on the grid. Those who enjoy Formula 1 betting often wager on the outcome of the qualifying race, adding a bit of extra excitement to an already fast and furious event.

Money Line Bets: also known as straight up bets are the most common wager among those betting on Formula 1. This is a bet that allows people to bet on who will win the race. Odds are displayed next to each racer’s name so that you can make an informed decision. See the example below:

Racer 1 -200
Racer 2 +200

If you were to bet 1 unit on Racer 1 and he wins, you would receive 1.5 x 1 which is a 1.5 unit return. Racer 2’s odds are better, so your return will be bigger should he win. e.g. For every unit staked on Racer 2, you will get 3 in return. All sportsbooks list the odds next to the name of each racer.

Fastest Lap: is a wager on the racer that will have the fastest time on any given lap for the race. It does not have to be the winner. Punters who enjoy betting on Formula One often wager on this market as it offers a chance of winning as the race progresses, even if your chosen driver is not among the leaders.

Podium Finish: This is a popular market in Formula 1 betting, giving you the chance to pick which driver or drivers you think will finish in the first three places.

Points Finish: This is a wager on a driver landing in the top eight spots. Usually, the odds are short for very good racers but if you fancy an outsider you can get very tasty prices about a ‘points finish’.

Safety Car: is a prop wager on whether the safety car will need to be used for the race.

Winning Distance: This is a wager on how far the winner finishes ahead of the second-placed driver. This bet is measured in seconds.

F1 Events and Races

Grand Prix Races: Are races hosted in F1 countries. These events take place on public streets and on circuits built especially for this purpose. It really makes for a good race when it’s on city streets as there are many tight turns. These are like qualifiers and how well a team performs at these races will determine their opportunity to win a World Championship.

World Drivers Championships: This is the title for the best driver is for the season. Drivers accumulate points for finishing places in each Grand Prix, and the competitor with the most points at the end of the season is crowned Drivers Champion. If you like betting on Formula 1, this is a good market to get involved in as it will give you a long-term wager to follow throughout the season.

World Constructors Championships: Is a competition to determine which racing team is the World Constructors champion. During each race, constructors are awarded points. These points are totaled up at the end of the season to decide the winning team.

Most of these events are listed with our recommended sportsbooks. Now we will list some Formula 1 betting tips and strategy.

F1 Betting Strategy and Tips

The best kind of tip that we recommend for all of our followers is that you do your research and make sure that you know your stuff. Most bettors are fans of the sport and know much about the drivers and tracks that are out there. Even the most novice of fans can do really well betting on Formula 1 as there are so many informative sites out there to use to find out all about your racer.

Some factors that should be noted before betting on Formula 1 are how many litres of fuel is in the car, winning streaks, and weather conditions. Some drivers do not perform well in the rain so you should have a look at the forecast and check out your driver’s performance.

Even if you just betting for fun it is a good idea to use the odds listed to guide your decision. You can tell by the number next to the driver to see how likely they are to win the race. The lower the odds the better chance of winning.  The underdogs usually have high payouts but have a slim chance of actually winning. Make sure that you spread your bets around to keep it interesting and try a few prop bets to add to the excitement.

F1 History

Most don’t know that F1 racing started as early as the 1920’s and 1930’s. It was called the FA back then and was further developed in 1946 with standard rules for all racers to follow so that it was a familiar race for all competitors.

In 1962 the technology emerged to produce new V8 engines that really gave the sport a new lease of life. New designs for cars were modeled and were put into production in the early 60’s. The new cars were designed to be ultra-streamlined and ever-faster, bringing many onlookers out to view them. Today, there is so much technology that pit crews and driver can converse about the performance of the car with real-time data. There have been a number of drivers that have caught the attention of the world’s eye and become household names, such as Ayrton Senna and Michael Schumacher, with the most successful driver in the modern era Lewis Hamilton.

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