How to Bet on Formula 1

Getting started on Formula 1 betting is not as complicated as you might think. Here you will find everything you need to become an expert F1 bettor. Much of this is reviewing the basics of betting and betting strategies, but with a focus on F1 betting. 

Plus, it is important to think about how Formula 1 odds work. To do this you can check out the types of Formula 1 bets that we lay out below. 

Formula 1 Betting Strategies, Tips, and Advice

In order to place the best F1 bets, you will need to develop your strategy. These range from how to make the best F1 bets, to managing your finances. 

Develop a specific F1 betting strategy

It is highly recommended that you develop a betting strategy specific to your Formula 1 betting. It is just a different beast. Placing a bet on a car race is just fundamentally different than a football game. You should understand this sport in itself to make the best choices here. 

Formula One Betting Guide Image

Part of your overall strategy

That being said, it is also important that your F1 betting fits into your overall betting strategy. They should complement each other. If you are only making safe bets in the other sports, then this pattern should continue when you bet on car races. Your Formula 1 betting strategy can be both specific and part of your overall strategy.

Employ bankroll management

Whether you are using the unit-based or percentage approach, your car race bets should also benefit from this measured approach. Keeping things equal will allow you to measure easily the efficacy of the other parts of your strategy. 

Research carefully

Also, be sure to research carefully. It is not enough to rely on the odds you find on Formula 1 odds tables. Rather, you should do enough research to be in conversation with the odds. Ask yourself why the odds are what they are, and if you think they reflect your interpretation of upcoming events. This is how you can find high-value bets. 

Only Use Trusted F1 Betting Sites

With so many F1 betting sites out there, it can be a struggle to make sure you are using the right one. That is why we have laid these top, trusted Formula 1 betting sites. They are safe and include great bonuses.

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Formula 1 Bet Types

When you want to make Formula 1 bets, you will have many choices. When you want to bet on  car races, you will have plenty of options- nothing to worry about there.

 

The most important will be understanding how Formula 1 odds work for each of the different bet types. Once you have the basics down between what exactly you are betting on for each one, you will have a plethora of fun choices for Formula 1 betting.

 

Let’s go through some of the most common Formula 1 bet types to get you ready for having a great time at your Formula 1 betting sites. 

The most common F1 bet is the moneyline. It is probably the F1 bet you think of first, as well. You are simply betting on the driver you think will come in first for that day’s race. It is one of the most common and best Formula bets today! These are normally reserved for races that are coming up shortly. So if you want to place a moneyline on a race two months from now, you will have to come back or place a futures bet. The favorite to win the F1 moneyline will be the one with the lowest odds. For example, if Lewis Hamilton has odds at -250, and Max Verstappen has them at +400, then Hamilton is the big favorite to come out on top.
Another very common F1 bet is the futures bet option. This is very similar to a moneyline because you are betting on the straight-up winner of a race. However, they are very different in a few important ways. The biggest difference is that you are placing a bet on a car race, well, in the future. These races are generally several weeks in the future. If the idea is to bet on a car race tonight, you will think of it more as a moneyline. And this difference is important to you as a bettor because it should affect how you interpret the odds. With futures, you should keep in mind how much the odds will change. The passing of time comes with inherent risk, so the odds will tend to be a bit more favorable, but you must assume a bit more risk as well.
Prop bets are any bets that do not have bearing on the final outcome of the race. In other words, they are more about what happens during the race. They tend to be more creative and fun. Possible Formula 1 prop bets include: Who will be the fastest qualifier? Who will have the fastest lap? How fast will the fastest lap be?

Betting on Formula 1

Here’s a list of 2021 Formula 1 races you can bet on:

  • Bahrain Grand Prix – Bahrain International Circuit, Sakhir – 28 March
  • Emilia Romagna Grand Prix – Autodromo Internazionale Enzo e Dino Ferrari, Imola – 18 April
  • Spanish Grand Prix – Circuit de Barcelona-Catalunya, Montmeló – 9 May
  • Monaco Grand Prix – Circuit de Monaco, Monte Carlo – 23 May
  • Azerbaijan Grand Prix – Baku City Circuit, Baku – 6 June
  • Canadian Grand Prix – Circuit Gilles Villeneuve, Montréal – 13 June
  • French Grand Prix – Circuit Paul Ricard, Le Castellet – 27 June
  • Austrian Grand Prix – Red Bull Ring, Spielberg – 4 July
  • British Grand Prix – Silverstone Circuit, Silverstone – 18 July
  • Hungarian Grand Prix – Hungaroring, Mogyoród – 1 August
  • British Grand Prix – Silverstone Circuit 27 August
  • Belgian Grand Prix – Circuit de Spa-Francorchamps, Stavelot – 29 August
  • Dutch Grand Prix – Circuit Zandvoort, Zandvoort – 5 September
  • Italian Grand Prix – Autodromo Nazionale di Monza, Monza – 12 September
  • Russian Grand Prix – Sochi Autodrom, Sochi – 26 September
  • Singapore Grand Prix – Marina Bay Street Circuit, Singapore – 3 October
  • Japanese Grand Prix – Suzuka International Racing Course, Suzuka – 10 October
  • United States Grand Prix – Circuit of the Americas, Austin, Texas – 24 October
  • Mexican Grand Prix – Autódromo Hermanos Rodríguez, Mexico City – 31 October
  • São Paulo Grand Prix – Autódromo José Carlos Pace, São Paulo – 7 November
  • Australian Grand Prix – Albert Park Circuit, Melbourne – 21 November
  • Saudi Arabian Grand Prix – Jeddah Street Circuit, Jeddah – 5 December
  • Abu Dhabi Grand Prix – Yas Marina Circuit, Abu Dhabi – 12 December

 

Formula 1 Betting FAQ

Find answers to common questions bettors like you have when researching which sportsbook to join.