On This Page

Best Formula 1 Betting Sites for 2020

Formula 1 is the most popular motorsport out there. It’s the most glamorous, so it’s no surprise there are millions of F1 fans all over the world.

Betting on F1 is extremely popular, too, and almost as exhilarating as the high-octane racing itself. What’s not to like about a heady cocktail that combines the excitement of gambling with the rush of super-fast cars speeding around a track?

There are plenty of places where you can bet on F1 racing online, but you must choose where to wager carefully. We can help, as we’ve put together the following list of the best Formula 1 betting sites. These bookmakers and sportsbooks all take pole position when it comes to online F1 gambling.

Rank VA Betting Site Exclusive Bonus Get Started
#2 100% Up To $1,000 Visit Site Visit Site
#3 50% Up To $250 Visit Site Visit Site
#4 50% Up To $300 Visit Site Visit Site

Picking the wrong F1 betting site can be as disastrous as spinning out of control just before taking the checkered flag. It’s vital that you bet with an organization that is safe and reputable, and there are several other factors to consider, too.

We take all those factors into account when ranking the top Formula 1 betting websites. After our extensive testing and review process, we’re confident that our recommendations above are the very best options around. Your money and personal information will be kept safe, but that’s just one of the many benefits they have to offer.

Our recommended F1 betting sites feature competitive odds, juicy bonuses and promotions, fast payouts, and more. If you want to learn more about the criteria we use for compiling our rankings, please keep reading down the page. We explain all that in detail and also provide a wealth of other information relating to betting on Formula 1.

How We Select the Best Formula 1 Betting Sites

There are hundreds of bookmakers on the internet, so narrowing down the best F1 betting sites to the small selection you see above is quite the task. We want you to understand just why we rate these sites so highly so that you know you can sign up at any one of them with confidence.

Let’s go through every aspect that we explore when putting these rankings together.

The most important attributes when ranking the best Formula 1 betting sites

Your Safety

Before anything else, we need to make sure that a betting site is safe for the people that decide to join it and make a real money deposit.

The most obvious step here is to take a look at the license and the reputation of the bookmaker. If we have doubts about its credibility, there is no chance that it will end up on our list of recommended F1 betting sites.

We try to protect our readers not only from fraudulent betting sites but also from companies that are negligent. We stick to sportsbooks that have implemented the most modern security measures available.

Every transaction of either money or data should be protected by the latest SSL encryptions on the market. We accept nothing less, so you can rest assured that the Formula 1 betting sites we recommend are safe.

User-Friendly Interface and Navigation

Nowadays, you should be able to easily navigate through every website you open. The sportsbooks on the internet are no exception, which is why we always study the user interface closely.

The menus and the different features should be organized clearly, so you can reach the desired destination with just a click or two. If you intend to regularly bet on F1 online, you don’t want to be stuck with a website that will cost you extra minutes of your life every time you use it because the navigation is not good enough.

We can assure you that this problem doesn’t exist on our recommended Formula 1 betting sites.

Competitive Odds

Once we are sure that a bookmaker is reliable and user-friendly, we move on to the other important factors. One of them is related to the F1 betting odds that are offered.

The margin of the different betting sites varies, and some offer consistently higher odds than others. In the eyes of an inexperienced bettor, this can appear to be a minor thing, especially as the differences in odds are usually quite small.

However, getting even slightly better odds for all your wagers can be significant. You should always try to get the best prices possible as the small differences can accumulate over time. If you’re serious about wanting to make money by betting on F1 online, then competitive odds are essential.

Our top rated F1 betting sites offer low betting margins and high odds, so you’ll be on the right track with them for sure.

Bonuses, Promotions, and Rewards

One of the beauties of online sports betting is the sheer number of promotions available to every player. The top F1 betting sites out there will be happy to give you a juicy welcome bonus once you join their ranks, but the perks don’t stop there.

When you are done with your initial bonus, there are plenty of other special deals that will boost your bankroll and add some extra value. You can take advantage of loyalty programs, odds boosters, and sometimes even exclusive Formula 1 promotions.

Payment Processing

We believe that every user should be able to find a convenient payment option when joining an online bookmaker. There are so many of them that are easy to use: credit and debit cards (Visa, Maestro, Mastercard); e-wallets (PayPal, Skrill, Neteller); money transfer services (Western Union); and prepaid cards (Paysafecard) to name just the main ones.

Let’s not forget the rise of Bitcoin and other cryptocurrencies that are a preferred option for many people, especially those from the United States.

Most of the options above are supported by each one of our recommended F1 betting sites. They provide fast and reliable payment methods, so you can both deposit and withdraw your money in reasonable timeframes.

Mobile Betting Platform

Sometimes, a Formula 1 betting opportunity may arise when you don’t have access to your computer. By the time you get there, the opportunity could very well be gone for good.

The easy way to avoid that is by betting from your phone or tablet. For that purpose, we recommend F1 betting sites that have a smooth mobile version. Most of them don’t even require you to download additional software.

Thanks to the power of HTML5 and other technologies, many betting sites nowadays are mobile-responsive. This means that you only need to open their page on your device, and it will automatically adjust to your screen.

The top F1 online bookmakers on the market work well on the likes of iPhone, iPad, Android, and Windows Phone. You can place your wagers and manage your account on the go.

Other Important Factors

We pretty much covered the most important criteria behind our selections for top F1 betting sites, but there are a few other aspects we always check, so let’s go through them, too.

Variety of betting markets
While most people stick to the traditional F1 betting markets, it’s always good to have more options
Additional features
Features like Cash Out or Prop Bet Builders are useful and open the door to new opportunities
Customer support service
Problems and issues can arise at any time, which is why the best Formula 1 betting sites have competent staff to address them
F1 live betting
While the live betting feature is not as popular in F1 as some other sports, it’s still an advantage to be able to place a wager while the races are running
Min. and max. wagers
The best F1 betting sites cater to those who want to bet small, those who want to bet big, and everyone in between

Advantages of Betting on F1 Online

We honestly believe that betting on F1 online is the best option for multiple reasons. For those who aren’t sure if it’s for you, let’s take a look at the main advantages.

The main advantages of betting on Formula 1 online

Odds Are Released Early

Once an F1 race is over, the odds for the next one are released almost immediately online. This means you have the choice of whether to place your wagers early or wait until a later time.

Such flexibility can be useful for multiple reasons, and a big one is related to the way odds change. When odds are up for a couple of weeks, there are bound to be some fluctuations. With the right level of experience and knowledge, you’ll be able to predict the direction of such fluctuations and make your wagers at the right time.

This is not possible if you’re limited to placing your odds just a day or two prior to a race.

Better Value From Higher Odds

One of the biggest advantages of betting Formula 1 online is the difference in the odds compared to those available elsewhere. The betting margin of online betting operators is typically lower than that of brick-and-mortar operators, which means bigger prices overall.

As a result, you can get a couple of extra percentage points on your profits when you win. As mentioned earlier, this can make a big difference to your net position in the long run.

It gets even better if you join multiple F1 betting websites and shop for the best odds. You will have to manage multiple accounts, but the financial benefits are obvious.

Extra Funds Through Bonuses and Promotions

The sheer number of betting sites that offer F1 markets means that there is lots of competition for customers. One way that online sportsbooks try to gain their share of customers is through the bonuses and promotions they offer.

Although these bonuses and promotions are not going to make you rich, they can certainly help you grow your bankroll faster than if you weren’t betting online.

Easy and Convenient

The last advantage of F1 online betting we’ll mention is perhaps quite obvious. It’s still a very good reason to use our recommended betting sites, though.

Betting on the internet is easy and simple. You don’t have to leave your phone; you don’t have to go anywhere. Just open the website of your selected bookmaker, log into your account, and place your wager.

You can do that from any device that has access to the web, such as computers, phones, laptops, and tablets.

The Most Popular Formula 1 Betting Markets

It’s now time to take a look at the most popular F1 betting markets available on the internet. Most of the options we will explore are offered by the majority of our top betting sites.

In fact, some of our recommended sportsbooks provide many other markets that are not included in our list. We’re just going to focus on the traditional Formula 1 betting options, as these are the ones that you’re likely to give the most attention to.

Formula 1 Futures and Outrights

Let’s start with the F1 season-long betting markets, also known as futures and outrights. The first one we should mention is the Drivers’ Championship betting market. You can back any driver to win the Formula 1 title for the current season.

The market is quite simple, really. If the person you backed ends up victorious, your bet wins, too. If you are interested in this one, we have a special page that’s dedicated to the latest odds and updates for the current F1 season.

We not only keep an updated list of the best F1 champion prices but also constantly provide new information and share our predictions for the best option for the current Formula 1 season. Take a look here if you want to see the latest odds, updates, and betting picks.

The other similar F1 betting market is the Constructors’ Championship. You can place a wager on any team to finish first in the final rankings for the season, as all of the top Formula 1 betting sites offer this option.

Once again, we have a whole page that is dedicated to this market. It features the latest odds, constant important updates, and our analysis on the situation of the current Formula 1 season. Feel free to stay in touch if you’re interested in the F1 Constructors’ Championship betting market.

Formula 1 Betting Markets for Individual Races

The F1 futures and outrights often provide good opportunities to find value, but a lot of people don’t really have the patience to wait for months for their wagers to get settled. The majority of the bettors out there prefer the individual races.

You can place your bet and see what happens in a couple of days or even hours. The quick turnaround time is satisfying and allows you to instantly gather your profits and enjoy them instead of waiting for ages.

The race winner betting market is one of the best examples of such a betting option. You can back any driver to finish first in a Formula 1 race. Naturally, your bet is successful if he does that, and it loses if the driver is in any other position.

Another option that is available at almost all of the top F1 bookies online is the pole position winner betting market. As the name suggests, you can place a wager on the driver you expect to finish first during the qualification.

The third mainstream F1 market that attracts a lot of attention is the one for the fastest lap during the race. Once again, you have to select a driver and hope he completes that achievement.

You will often see some F1 betting sites combine these options, so, for example, you can bet on a driver to both get the pole position and win the race.

Formula 1 Prop Bets and Specials

Technically, the F1 prop bets and specials fall under one of the two categories above, but we believe they deserve a special place.

Some of the top Formula 1 bookmakers out there will give you the chance to place a wager on various exciting outcomes. For example, you can bet on a certain driver finishing in the points for a particular race.

Some sportsbooks provide a betting market with F1 head-to-head duels for every race. You can back one of the two drivers, and if he finishes above his competitor, your wager is won. It’s not only fun, but it’s also a good opportunity to make some money.

There are other F1 prop bets for individual races, but you can find some for the season, too. You will find specials like over/under points for a certain driver, number of podiums, and things like that.

More Formula 1 Information and Betting Advice

Finding a safe F1 betting site is an important step, but that alone won’t make you a winner. You will have to learn more about the format and history of the sport, build your own strategy, and put in the effort to prepare for your wagers on a regular basis.

We have a bunch of other F1 pages that are designed to help you achieve each of these tasks. The most important among them is our Formula 1 betting guide. It features a lot of useful content.

For a start, we explore the fundamentals of F1 betting and go through various tips that will help you build a system. We start with basics that are for beginners but dig deeper to more complicated advice that would be helpful for experienced players, too.

We cover the theory well, but our F1 betting guide is also about the present. We follow the races closely throughout every Formula 1 season. You will find odds, updates, betting picks, and relevant analysis, too.

The page above is the most important one, but we have others that are dedicated to Formula 1. Some showcase some of the greatest moments in the history of the sport, while others provide useful information that could help you prepare better for your bets.

  • The Greatest Formula 1 Drivers of All Time
  • The Most Famous Formula 1 Races of All Time
  • The Worst Formula 1 Crashes of All Time
  • The Most Bitter Formula 1 Rivalries of All Time
  • Formula 1 Track Guides

Frequently Asked Questions

Is it legal to bet on Formula 1 online?

This depends on your country’s gambling laws. It is legal to bet on F1 in many places, but others have strict regulations. You should check out our page dedicated to online gambling laws and jurisdictions if you want to be sure.

Is it safe to bet on Formula 1 online with real money?

It depends on the bookmakers you pick. If you follow our list of trusted F1 betting sites, you should have no issues.

You can find safe options on your own, but make sure to check the license and reputation of each sportsbook.

Can I win betting on Formula 1 online?

In theory, yes, you could win. There are people who are making money from sports betting, and Formula 1 is not an exception. Of course, we can’t guarantee you profits in any way, as they depend on the effort you put in and the successful selection of bets with a long-term positive expected value.

Do I have to pay taxes on my Formula 1 winnings?

There is no straight answer to that question; it depends on your country. In some places, you have to pay taxes. In others, it’s enough to declare your winnings. There are even jurisdictions out there that don’t care about profits from gambling. You should check the rules in your country.

How can I deposit money to bet on F1 online?

The majority of the top rated F1 bookies have a large variety of payment options available. Here are the most popular among them.

Debit and credit cards:
Visa, Maestro, Mastercard, Diners Club
E-wallets:
PayPal, Neteller, Skrill
Other:
Wire transfers, Western Union, Paysafecard, Bitcoin, Ethereum

How can I withdraw the money I won from Formula 1 bets?

You can use pretty much the same options that are available for deposits.

Please keep in mind that many betting sites will only send the money to a payment method you used to fund your account in the first place.

Can I get a bonus for betting on F1?

Most bookmakers out there have a standard welcome bonus, and it is available for betting on the majority of the Formula 1 betting markets.

How do I start betting on Formula 1 online?

It’s quite easy. Simply pick a bookmaker, complete the quick registration process, and make your deposit. It usually takes a total of 10 minutes or so, and you are good to go.

What happens if I get addicted to gambling?

Gambling addiction is a serious problem that could ruin your life. You shouldn’t take it lightly, so make sure to get help as soon as you have even the slightest suspicion that you might be addicted to gambling. We have a special page on the topic, so make sure to take full advantage of all the advice there.

Summary

If you reached this point, we are fairly certain that any doubts about betting on Formula 1 online with real money are now long gone. If you’re ready to get started, head back to the start of the page and check out our list of the top rated F1 betting sites again. Alternatively, we have recommended more of the best sports betting sites if you’d like to explore some other options.

They will provide a great platform to make money from the sport, and it’s up to you to build on that. Of course, you can always rely on us for tips and updates on our blog.