The Best Formula 1 Betting Sites in November 2024
The greatest racecar drivers compete in Formula 1 every year throughout a season full of thrilling events. F1 betting is growing in popularity along with F1’s recent surge. Whether you are a die-hard F1 fan or a novice seeking to try your hand at betting on a completely new sport, our ultimate F1 betting guide will teach you everything you need to know.
To provide players with confidence when placing bets at reputable, legitimate F1 bookmakers, our specialists at MrBetting.co.uk have put together this comprehensive guide to F1 racing and selected the top F1 betting sites. Additionally, perks like F1 free bets may be obtained, and information on the many bonuses and betting markets has not been left out either, so get your engines going and read on below to brush up on the latest F1 betting skills to use on one of the sites from our betting sites list!
The Best Formula 1 Betting Sites
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How We Rank The Best Formula 1 Betting Sites
To find the top Formula 1 betting sites, we go through a thorough assessment process that looks at the following elements:
✔️ Security and safety: We only recommend F1 bookmakers to our customers who hold a valid license and are overseen by reputable regulatory organisations. To ensure that your private information is secure and not compromised, we also want to see the most recent data encryption software being used.
✔️ Variety of Formula One Betting Markets: The top sports betting sites will provide a wide range of F1 race betting markets, not simply straight bet types on the Drivers’ World Championship, Constructors’ Championship, or the winners of each Grand Prix.
✔️ Client Assistance: For the top online bookmakers, having a live chat feature that is available around the clock is almost a must, as it allows you to obtain quick assistance with any issues you may have. Other choices include free phone numbers, email addresses, contact forms available on the website, and social media profiles.
✔️ The Best Formula 1 Odds: F1 betting sites offer enhanced odds and other similar promotions, but in our opinion, a bettor will go and do business with another bookmaker if they see that better odds are offered elsewhere. To suggest the websites that excel in this area, we evaluate the top F1 betting sites with best odds.
✔️ Formula 1 Live Betting Options: Bettors may experience the thrill of a race live by placing an in-play wager. Reputable Formula 1 bookies are distinguished by their excellent cash-out features and live betting possibilities.
✔️ Mobile User Interface: Today’s gamblers expect to be able to place bets anytime it’s convenient for them to use mobile devices at any time. This may be achieved via user-friendly mobile betting applications for iOS or Android users, however, completely mobile-optimised websites are equally as good.
✔️ Options for Making Payments: When it comes to making deposits and withdrawals, players have to have the most options. While a variety of debit cards, e-wallets, and occasionally even cryptocurrency alternatives are available, credit cards are not widely accepted at UK betting sites, so always check before placing your bets.
How to Bet on Formula 1 Online
If you can fill out a betting slip, then betting on Formula One is easy. To start, follow our easy step-by-step betting guide below:
- Pick an F1 Betting Site: Click the “visit site” option after selecting a suggested F1 betting site or betting app from this page.
- Log in or create an account: Enter your date of birth, email address, and other essential information to register. Along with supplying proof of identification, you will also need to respond to a confirmation email.
- Deposit funds into your account before making a bet: Deposit money into your account for your initial wager by using one of the approved payment and deposit methods offered by your chosen F1 bookie.
- Place a bet on a Formula 1 race: Don’t forget to have a look at the F1 betting markets on offer before making your first bet. Select your preferred bet type and stake from the list of available F1 races, then click “confirm” or “put bet” to place your wager.
The Best F1 Betting Sites and Betting Offers
Placing a bet at multiple online bookies is a good idea if you want the best possible F1 betting experience and the best chance of finding the best price on the greatest odds on offer. Formula 1 betting sites offer great F1 betting offers on a range of F1 betting markets. Along with choosing the greatest deals for each race, you can also compare betting odds across websites. You may also choose to take advantage of promos and other welcome bonuses, such as F1 free bets and welcome bonuses, which are offered for new customers.
You may choose which Formula 1 betting sites best suit your tastes by reading our sportsbook reviews of some of the top ones below, which also include the newest additions to the UK’s bookmaker landscape.
💰 GoldenBet – 3+1 Free Bet Offer
For every 3 bets you place, you get 4th as a free bet. After 3 bets, press “Take Freebet”, which will automatically be awarded. To place a qualifying bet, players must bet £10 and make three combinations (maximum – 100), and each one must include at least three events with odds of at least 1.30 GoldenBet accepts payments in the form of Visa, Mastercard, Bitcoin, Ethereum, Litecoin, XRP, Dash coin, Monero, and Tether USDT.
Max weekly limit – £7,500. Bet and payment method exclusions apply. Free bets are paid as bet credits. T&Cs apply.
💰 Rolletto – Place 3 Bets, Get 1 Free Bet
For every 3 bets you place, you get 4th as a free bet. After 3 bets, press “Take Freebet,” which will automatically be awarded. To qualify for this promotion, players must place three combinations with a minimum stake of £10 (maximum – 100), and each one must include at least three events with odds of at least 1.30.
This betting platform allows for deposits and withdrawals to be made using payment methods such as Visa, Mastercard, Skrill, Neteller, Visa, and others. Rolletto also accepts cryptocurrency, including Litecoin, Ripple, and Bitcoin. The smallest amount you can deposit is £20, and the largest amount depends on the payment method you choose. T&Cs apply.
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The first deposit bonus is 400% up to £2,000. Deposit a minimum of £20 to claim it. To claim the bonus, you have to use the code WELCOME1.
A 400% match first-deposit bonus (“First-Deposit Bonus”) on the player’s first real money deposit in the casino for up to a maximum bonus of £2000. Bonuses are subject to a play-through requirement of 50x the value of the bonus unless stipulated otherwise in the promotions’ terms and conditions. All bonuses are credited after each eligible deposit using the specified promo bonus code. Bonus credits not played within 30 days of being awarded will be deemed to have expired and will be removed. T&Cs apply.
💰 MyStake – Sports Reload Bonus
The Sports Reload Bonus is a 35% bonus that is applied to any deposit made between £20 and £350. You must first activate the incentive through your account.
This needs to be done following your deposit but before placing your first wager. You have to wager on a minimum of two events with odds greater than or equal to 1.4 to meet the requirements for the Sports Reload Bonus.
💰 JackBit – Free Spins & £10 Free Bets
Wins from free spins at JackBit have a max withdrawal limit of £100. After the wins from the free spins, the remaining wins will be deducted. Winnings from free spins cannot be paid out until they have been rolled over x 10 in seven days. No requirements (like deposits) are needed to unlock the first Free Spin bonus. However, a £20 deposit is required for each subsequent Free Spin withdrawal. Bets with odds less than 1.3 will not be applied to the wagering requirement.
💰 FreshBet – Up To £500 Bonus
The “Welcome Sportsbook Bonus” applies to all sports wagers. New accounts are only eligible for a single 100% first deposit bonus, and this promotion is only available to brand-new players who have made their first deposit and are looking to bet at odds of 1.4 minimum. There is a £20 minimum deposit needed and a £500 maximum bonus that may be awarded with this campaign.
💰 MagicWin – 50% Up To £100
Sign-up and make a deposit using promo code: WSPORT501. Bonus + deposit is subjected to 10 times wagering. Min odds to be counted for wagering is 1.8. All winnings will be added to virtual funds until wagering is completed. Bonus balance will expire in 30 days if wagering is not met. Max Winnings from bonus is 10 times from bonus amount. Players cannot claim more than one bonus at a time.
💰 God Odds – Sports Bonus of 100% Up To £100
Sign-up and make a deposit using promo code: SPORTS. To clear the bonus, you need to wager through both the deposit and the bonus amount five times. Qualifying bets can be made on any sport or market but must be priced at odds of 1.40. Bonus balance will expire in 30 days if wagering is not met. Players cannot claim more than one bonus at a time.
A Closer Look At The Best F1 Betting Sites
GoldenBet
The Goldenbet sportsbook section offers over 30 sports to bet on, with over 75,000 pre-match markets available monthly. In terms of F1, GoldenBet currently offers 6 daily F1 events for punters to enjoy. This is currently the Drivers’ Championship and Constructors’ Championship 2024. By selecting each event, bettors can see the odds on each F1 driver offered by GoldenBet. Max Verstappen, Lando Norris, Lewis Hamilton and Charles Leclerc are just some of the best F1 drivers GoldenBet’s users can bet on.
Furthermore, Goldenbet offers a state-of-the-art live betting platform and a payout percentage of 93% for live events. Additionally, virtual live streaming is available for a majority of the games.
Rolletto
Rolletto is an extensive internet gambling establishment that offers an outstanding sportsbook section for individuals seeking sports betting platforms that GamStop does not impact.
Users can place bets on both traditional sports and eSports, making Rolletto an ideal choice for novice and experienced sports gamblers. Currently, Rolletto provides six F1 events every day for bettors to enjoy. Currently, the 2024 Drivers’ Championship and Constructors’ Championship are underway. Bettors may view Rolletto’s odds on every Formula One driver by choosing each race. Rolletteto’s customers may wager on some of the top Formula One drivers.
JackBit
JackBit offers 6 daily Formula One events to its customers. The two current championships are available for betting: The Drivers’ Championship and Constructors’ Championship. Odds can also be seen.
JackBit’s sportsbook section offers over 30 sports to bet on, with over 75,000 pre-match markets available monthly. Bettors can also take advantage of the live betting section of JackBit. The section covers many sports, allowing players to bet on live games. JackBit’s sportsbook also has a popular cashout feature – you can cash out an active bet before the game ends.
MrSloty
Mr Sloty offers a wide range of over 200 markets for sports and nearly all types of sporting events. Live betting is the trending feature among players, and Mr Sloty offers this option at most of its events. With numerous options to bet on during ongoing events, you can use a straightforward live process to place real-time wagers.
Currently, Mr Sloty’s customers may enjoy 14 F1 events every day, which is more than what other bookies have on offer. The Drivers’ Championship and Constructors’ Championship for 2024 are the current events on offer to bet on. By selecting each race, bettors may see Rolletto’s odds on each Formula One participating driver. Clients of Mr. Sloty’s may place bets on some of the best Formula One drivers.
MyStake
MyStake customers have access to an extensive and exciting range of sports odds. MyStake also supports various payment methods, including credit cards, Neteller, Skrill, Sofort, EcoPayz, and numerous others.
Up until the Grand Prix races begin later this year, clients of MyStake may currently wager on six Formula One events each day. Right now, there are two championships to wager on: the 2024 Constructors’ Championship and the 2024 Drivers’ Championship. By selecting each race, bettors may see the odds that MyStake is offering on each Formula One driver competing in the two races. Customers of MyStake get the opportunity to bet on some of the best Formula One drivers.
FreshBet
Like the majority of betting sites, FreshBet also offers 6 F1 daily events to its customers, which are the same as the other betting sites offer at the moment. In general, in addition to live sports and pre-match events, FreshBet also provides a selection of other sports betting choices. The sports betting platform offers 82,000 pre-match events and over 96,000 live events.
Players may wager on any sportsbook market with FreshBet and are assured the highest odds. FreshBet also offers competitive odds, making it an attractive option for all types of sports betting enthusiasts.
MagicWin
Magic Win is the second bookie which offers more than 12 daily F1 racing events. You don’t need to search for another place to place your bets, as the best F1 odds at Magic Win are higher, offering an average payout of 95%. Magic Win usually offers live betting with the same possibilities as traditional wagering. Depending on the live event, some betting options may be closed or unavailable.
There are thousands of markets available daily for betting at the Magic Win bookie, so we can guarantee that you’ll always have a huge range of options to choose what to wager on.
God Odds
God Odds also offers 14 daily F1 events for betting, before the start of the Grand Prix races. Odds can be seen in every daily event. God Odds Bookmaker is one of the best betting sites not on Gamstop. You can find two independent platforms with over 100 different sports to bet on, over 70,000 monthly sports events, 3000+ betting markets, and more than 40,000 pre-match monthly events.
There are over 10 payment methods supported by God Odds, so customers can be assured that they can deposit and withdraw money in a few ways.
Top 4 Types of F1 Betting Offers Seen on the Best Betting Sites
For both new and returning users, the top Formula 1 betting sites on this website provide betting deals relevant to the sport. While current customers are eligible for ongoing incentives, new clients can take advantage of a welcome bonus or other similar incentive, such as:
🎁 Acca Insurance
A offer that is exclusive to accumulator bets is called acca insurance. Since just one race is held at a time and you are unable to wager on the next race in advance, you typically wouldn’t have a genuine F1 Acca bet. Nothing, though, prevents you from including an F1 wager in a standard sports betting accumulator. An accumulator bet often requires you to make a minimum number of picks at minimum odds. Usually, you will receive a free bet or have your initial investment reimbursed in cash if all of your picks fail.
🎁 F1 Free Bets
Free bets, which are often only available to new users, are activated upon registration through a deposit. Unlocking the free bets may occasionally require entering a promo code. To withdraw any wins, you must fulfill specific wagering conditions, which are detailed in the Ts&Cs. Following their registration, existing clients may occasionally be eligible for free bets as part of loyalty programs.
🎁 Better Bookmaker Odds
Improved odds, often referred to as Price Boosts or Bet Boosts, are offered by several F1 betting sites on a few different F1 betting markets. When you encounter such great odds, it’s important to take advantage of them (as long as you believe your placed wager has a strong probability of winning, of course), since they can provide greater value than the going rate for regular odds elsewhere.
🎁 Matched Deposit Bonus
These incentives are given to new customers of a betting website as a welcome present. Many times, welcome bonuses will be in the form of a deposit that is matched by the bonus. The bookmaker will match your original deposit up to a particular amount, which means that they will match your initial deposit. Virtually every single betting website for Formula One will provide new consumers with a welcome bonus.
The Different Types of F1 Bets Explained
Here are the most common types of bets you can place for Formula 1 races on the best betting sites that we’ve listed in this guide:
✔️ Fastest Lap: You place a bet on your favourite driver to complete the quickest lap. Prior to placing your bet, research the market conditions because it may occur during practice, qualifying, or the main race.
✔️ Top 6 Finish: Choose a driver to finish in the top six positions with this bet type, which is similar to the podium finish wager. This may be a good chance to support a driver who is the underdog at a given race, but perhaps has a great chance of winning.
✔️ World Drivers’ Championship Betting: You are betting on one driver to win the Championship at the end of the current season. This is a wager that you might want to make before the Formula 1 season begins, but you could also make it in the middle of the F1 race. If your driver wins the championship, you will win big prizes. Many people find this kind of wager appealing as, if the driver you have backed is still in the running, it provides you with interest for the whole season.
✔️ Podium Finish: This bet is also quite popular; it involves betting on the driver you believe will rank first, second, or third on the podium. You will win the bet if the driver you have selected places among the top three. Even if they place third, you might still win your bet despite the less alluring odds compared to bets on the race winner. An additional excellent option for novices.
✔️ Winner of the race: The most common Formula One type of bet is betting on who will be the race winner. Any driver in the race is up for selection; if your choice prevails, the wager is won. This is one of the easiest bet types to try your luck at, and it is an excellent introduction to F1 betting for novices.
Formula 1 Live Betting and In-Play Betting
As soon as a race has begun, you may place a wager while you watch the action live because the best F1 betting sites offer live betting on F1 races.
On the best bookies, you’ll find that many F1 markets are suitable for live betting, particularly the fastest lap market; once you see the drivers in action, you’ll know who might win it (though the odds will have adjusted correspondingly).
Although the best F1 betting sites allow for live and in-play betting, due to TV broadcasting rights, you won’t be able to watch the action live on the actual betting sites, but only on TV. When you want to bet on an F1 live betting market, make sure you can keep an eye on the race because you’ll need to know if your predictions came true, ideally with a wealth of information and visual cues at your disposal.
F1 Betting Tips and Strategies
Although by now you should be familiar with the nooks and crannies of betting on online Formula 1 races, there is always more to learn. This is why it’s important that you know the best tips and tricks that you can use at a number of F1 betting markets and at the top Formula 1 bookmakers to earn the most money that you can get your hands on.
While they are highly proficient in the sport, the best F1 bettors use insights and data to their advantage when placing bets. Anyone can occasionally get lucky and make good money from Formula One betting, but to consistently place winning wagers, you should make an effort to get familiar with the drivers and their performances. For your advantage, Mr Betting’s Formula 1 betting specialists have compiled some of the best racing tips and strategies for you to try.
- Observe the Track and Participants’ Seasonal Forms: Before every race, bettors need to understand two distinct forms: track form and seasonal form. Seasonal form refers to a driver’s overall performance in a given season, whereas track form reflects how a certain driver has performed at a particular circuit in prior seasons. Specific drivers are more suited for certain tracks than others, and they frequently specialise in them. For instance, Lewis Hamilton is the driver with the most victories in the British Grand Prix history, and Nico Rosberg won the Monaco Grand Prix three times in a row from 2013 to 2015.
- Beware of the Track Temperature and Course: Certain drivers are favored on specific circuits, not because of their skill level, but more of the way their car responds to the course, since various cars have different favourite tracks.
Also, keep an eye out whether you’re betting in-play, since track temperature can quickly impact tire performance and have a change on the outcome of the race for your selected racer. Track conditions and tire selections may significantly affect a race’s outcome. When using the payout function or In-Play betting, it’s crucial to remember that a hot track can have an immediate impact on tire performance. - Look at the Weather Forecast for the day of the race: It is crucial to check the weather prediction for the next race before placing a bet on Formula 1 races because, as already mentioned above, track temperature may have a significant effect on the result of a race. The quickest racecars frequently find it difficult to attain their maximum speeds on wet racetracks, so if rain is predicted, it might also cause major disruptions. Doing your research beforehand in the season to see which drivers perform best in rainy circumstances will also help you determine which drivers have the greatest car and most talent for those kinds of weather.
Biggest Races For F1 Betting
There are several races in the Formula 1 season, and they are held in several countries worldwide. Here are the most important F1 races to keep your eyes on:
🟢 French Grand Prix
With eight victories to his name, Michael Schumacher now holds the record for most victories at the French Grand Prix.
The first Grand Prix took place in France in 1906, making it the oldest Grand Prix in the world. It may come as a surprise to learn that, during its lengthy history, the French Grand Prix has been held at sixteen distinct racetracks around France. The most recent venue is the Circuit Paul Ricard in Le Castellet.
🟢 The British Grand Prix
The British Grand Prix is the pinnacle of the Formula One season for fans in the United Kingdom. Arguably the oldest Grand Prix in Formula One history, the British Grand Prix took place at the start of the first world championship season in 1950. An F1 track located in Northamptonshire, England is the site of the annual British race. As the most successful Formula One driver at Silverstone, British Lewis Hamilton holds the record with eight victories there.
🟢 The Monaco Grand Prix
Being the only Formula One Grand Prix course to defy the FIA’s legislated minimum race distance of 305 kilometers, the Monaco Grand Prix is known for being both stylish and thrilling. Monaco’s streets are the racing surface, so technically, it’s not a track, measuring just 260 km. Six times, including five straight between 1989 and 1993, Ayrton Senna has the record of winning the Monaco Grand Prix. Due to its small layout, sharp turns, elevation changes, and, of course, the well-known tunnel, it is regarded as one of the most difficult Formula One courses.
🟢 Italian Grand Prix
Except for the British Grand Prix, only the Italian Grand Prix has been a part of every Formula 1 season since the sport’s founding. Michael Schumacher and Lewis Hamilton are tied for the most victories at the renowned Monza Circuit in Italy, having won five each.
Final Words
Now that we have discussed the best Formula 1 betting websites, the best tips and tricks in the industry, and more, after reading all the information we have provided for you in this thorough guide, we hope you’ll have learned something new. You’ll like F1 betting if you enjoy watching Formula 1. The experience of watching a race is enhanced greatly by live betting, and placing bets online on a computer, mobile device, or tablet is quite easy.
Always remember to bet responsibly and only bet what you can afford to lose. Make sure you bet sensibly at one of the reputable, regulated bookies listed on this page to be safe.
Why Try F1 Betting?
These are some of the best things about betting on Formula One if you have never done so and are unsure if it’s worth it:
- Formula One races last between 90 and two hours. On a quiet Sunday afternoon, there’s nothing better than watching your selection come in on the final straight.
- Betting on Formula One offers an opportunity to profit from your predictions if you have a strong sense something will happen on race day.
- Making money off of the action during a race is possible with live betting. You might place an in-play wager if the circumstances alter or if a certain driver builds a strong lead.
FAQ
Is it possible to wager live on Formula 1 races?
Live betting on Formula 1 races is available at all of the top Formula 1 betting sites. In-play alternatives for live betting are typically displayed. When putting in-play wagers, always keep a careful eye on the race, preferably while following along on television.
Can I use more than one website for sports betting?
You may indeed register with as many betting sites as you want. It is advisable to review the terms and conditions of the welcome bonuses offered by certain associated bookies since they can sometimes only allow one welcome bonus per client across all of their websites.
Which kinds of wagers am I able to make on Formula One?
Formula One bettors may choose from a wide variety of betting markets. For further information, read our section above to learn all about the different types of Formula 1 bets.
What is the official Formula 1 site?
The official site of Formula One is www.formula1.com. There, you can find out all the latest information on F1 races and more.