Best Formula 1 Betting Sites
For eight months of every year, petrolheads across the world focus on the battle to be crowned the greatest driver in the world. Formula One has become an established fixture on the sporting calendar and it’s one where thrill seekers can enjoy fast-paced action on tracks across the planet.
Across the season, bettors of the world also unite to look for the best Formula 1 betting sites where they can play on a number of markets. Interest in the sport continues to grow from all angles so let’s take a look at the world of F1 and consider your betting options.
Formula Betting Delving into the Outright Markets
Like most sports, Formula One has a number of outright markets that punters can get involved in before the season actually starts and, these bets are available right through the campaign until the winners are decided.
For those looking for outright F1 betting odds, there are two main prizes that are up for grabs at the end of any season. Firstly, the Drivers’ Championship determines who was the best man behind the wheel while the Constructors Championship is for manufacturers and this is awarded to the two-man team that returns the highest number of points in an F1 season.
All of the best Formula One betting sites will have these markets, and they will usually open as soon as the previous season comes to an end. Betting here remains popular but both championships can tend to be dominated by individual drivers and teams.
In the modern era, Mercedes have almost had a monopoly on the Constructors’ Championship while their pilots have been the men to beat in the alternative drivers version. These Formula One betting markets can, therefore, become easier to predict but this also means that they carry smaller prices which lead to reduced profits.
That’s why, while both of these options remain popular, plenty of F1 punters like to head across to enjoy a host of alternative markets for each race on the calendar.
Best Sites Where You Can Bet on Formula 1 Races
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Formula 1 Side Bets Before It Even Starts
Formula One betting options begin with a popular side market that is available even before the race officially starts. Drivers will start with a series of qualifying, and at the end of those sessions, the fastest man overall will begin the Grand Prix at the front of the grid.
This is known as Pole Position, and there is a bet attached to it which all of the best F1 betting sites will offer odds for. This market can also be fairly predictable with the better drivers coming through, and the F1 betting odds will reflect that. However, it remains a popular one, and it’s a good way with which to start our preview.
Who Takes the Chequered Flag?
By far the most active market for any form of motorsport is on the race winner. This is where the top-notch betting sites and, hopefully, the punters, really make their money. The task is quite simple with the bettor looking at the drivers taking part in the Grand Prix and deciding which one of them is going to come home first and take the iconic Chequered Flag.
As we mentioned, the sport is becoming a little more predictable, but it isn’t always the case that the top one or two drivers come home to deliver a profit in this market. In the 2018 Formula One season, punters referred to the ‘big six’ and these were the top six men who stood the most chance of winning each Grand Prix.
Beyond those six names, odds for the remaining drivers to win would invariably start at around the 1000/1 mark so there is generally a small pool to work with, but there can be surprises at times.
To take those Formula one betting odds and to turn them into winning profits, it obviously pays to study form and the reliability of the cars that are involved, but it’s equally important to study a driver’s record at a certain track. Most race tracks follow a similar pattern but on the tight, windy street circuits of Monaco and Singapore, it’s not always the fastest drivers that come home in first place.
It’s easy, in this digital age, to look back over statistics and to see which drivers perform well in which country’s Grand Prix so be sure to use this information when you decide to bet on F1.
Another consideration to take into account is the weather: Although we still live in an age when the forecasters can consistently get things wrong, rain can make a difference to your prediction when you’re trying to call the winner of a Grand Prix. Alterations in driving style are a factor while the crew is more relevant here as we need fast pit stops for any potential change of tyres.
Take all of those factors into account, and you’ll stand a much better chance of winning when you choose to bet on Formula One.
A Plethora of Side Markets
We’ve mentioned that the markets listed so far can be more predictable but that’s certainly not the case with the fastest lap bet. All of the best Formula 1 betting sites will have this available, and it should be up nice and early in the days leading up to the latest race.
Any number of drivers can produce a fastest lap as a complete one-off that has no bearing on the winner of the Grand Prix. In fact, the driver doesn’t even have to finish on the podium: all they need to do is open the throttle and go round at max speed just once to take this accolade and deliver a profit in the F1 betting odds that accompany it.
With these points in mind, we often see the fastest lap betting being split between a number of different options with no single driver dominating. It’s tougher to call, but this is one market that can contain much more value than most.
The Safety Option
The range of side bets can differ depending on which bookmaker you use so, if it’s important to you to have lots of choice, be sure to use the techniques that we will mention later in order to pick from the best F1 betting sites on the web.
One of the more unusual options involves staking on the possible involvement of the safety car. This is a car that is brought on to the track in order to slow drivers down in the event of an accident or any hazardous conditions. They are particularly prevalent in wet weather so keep an eye on those forecasts if taking a punt in this market.
Only the best formula 1 betting sites would offer an option as obscure as the safety car bet so, if it sounds like you might want to use it, you will need to choose your bookmaker carefully.
Hedging Your Bets
Each way bets in Formula One are not common but there is an alternative for those who think a driver will perform well in a race but aren’t necessarily sure he will win. The best F1 betting sites list what is known as a Podium Finish market which means that the driver will have to end the Grand Prix inside the top three in order to win the bet.
Being placed between 1st and 3rd guarantees a place on the podium when the trophies and the champagne are awarded and while the odds are shorter here than they are for the outright win, punters obviously have a greater chance of landing a profit.
As an extension of the Podium Finish bet, it is also possible with some sportsbooks to stake on a top six finish. It won’t necessarily get the drivers on the podium and the prices will shorten even further, but there are F1 betting odds available here for those who want them.
Man of the Match
As is the case with many sports, it is possible in Formula One to have what is known as ‘match ups’. These will take between two and six drivers, and the bettor’s job is to decide which of them will finish higher in the race. These are exciting options among the formula one betting markets and they can extend beyond the race favourites and work their way right through the field.
Other bets might include winning margin which asks for stakes on the number of seconds by which the winner will come home by. Coming back to season-long punts, total points is another popular bet and for those that like the high-octane excitement of spread betting, this is the market to get involved with.
Elsewhere, formula one has been a little slower than most sports to fully embrace live betting but there is some momentum behind that now so, if you like the fast-changing markets and potential for higher odds that in play staking brings, this area should get much busier in the following F1 seasons.
How to Get the Most from Your Formula One Betting
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We’ve told you how to bet on Formula 1, both in terms of analysing stats to find a winner and in the wide range of markets that you can get involved with. Now it’s time to ally that knowledge with the best possible bookmaker to meet your needs. Betting in any sport is wasted if we’re not getting value from our sportsbook so here are the points you need to check on.
The best formula 1 betting sites should firstly be competitive in the everyday odds that they provide to their customers. You could check the facts by looking on one of the big odds comparison sites, but they cover a restricted set of bookmakers. There are lots of sportsbooks, mainly new and exciting operators who have yet to make it onto the listings, but they shouldn’t be ignored.
The only way to be certain is, therefore, to check some prices yourself. You don’t have to spend ages on this – just check some figures in the most popular F1 betting odds markets, and you’ll soon be able to judge whether a bookmaker is competitive or not.
A number of bookies are extending that value by offering price boosts. Nobody knows exactly when these offers will arrive or what figures will be involved but they could take any driver at the start of a Grand Prix and boost their win odds by half a point or possibly more. You can tell just by logging onto any account if a bookie is active with price boosts and that will be a good pointer for your future Formula One bets.
Offers and promotions are also important to give things a better boost. Some of these will be available to use on any sport while a small selection of free bet refunds can be tailored specifically to formula one.
Along with value, choice is also important for anyone looking to bet on formula 1. Outright win markets, both for individual races and for season-long bets, remain the most popular but there is just as much value to be found in the side markets so make sure that your chosen bookmaker carries as wide a set of side bets as possible.
A Little Bit of History
While the first official season of Formula One began in 1950, the sport had its origins in the 1920s via the European Grand Prix Motor Racing circuit. A number of countries around the world had their own national championships at that time, and there were moves to globalise motor racing as a whole.
The Second World War interrupted those plans but after the end of hostilities, the organisers started to put everything into place, and in 1950, Formula One was born. The word ‘formula’ related to the standard that all cars had to meet in order to be allowed to race. The Drivers’ Championship that we know in the present day was born at that time while some eight years later, the Constructors Championship arrived to run alongside it.
Changes in design and safety have been a constant theme of the sport throughout the years, and since the start of 2000, a number of new venues have been introduced to bring the races to a wider audience. The sport is, therefore, bigger than ever before and in terms of wagering, there’s never been a better time to bet on Formula 1 but what betting opportunities do you have if you want to get involved?
It’s Over to You…
We’ve now given plenty of advice in terms of the range of markets you can use, together with tips on how to harness statistics and form guides in order to make a profit from your Formula One betting strategy. Also included in this review are tips on how to find the best formula 1 betting sites using the optimum mix of choice of markets and value from odds and additional promotions.
All that remains is for you to harness that information and to get involved with as many or as few Formula One bets as you like. Take all these pointers on board and you will have more chance of making regular profits on what is one of the most exciting sports in the world.