Best F1 Betting Sites in 2024

21 August 2024

Jack Groth

Jack Groth

iGaming analyst

Jack is a freelance writer working in the iGaming and betting industry for over seven years. He is specialized in football and tennis betting but has also plenty of knowledge in betting on all kind of sports.

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Michael Lee

Michael Lee

Betting Expert

Michael has worked in the sports betting industry for many years. Following football, horse racing and track and field athletics, he has covered the last three Olympic Games, World Cups and other major sporting events.

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Formula One (F1) serves as the highest class of international motor racing. It features open-wheel single-seater formula racing cars, and it has been in action for around 100 years now. In the proceeding years, the rules have changed, but the excitement level has remained at a peak. Today, it is one of several high-intensity sports for punters to gamble on. And if you’re new to F1 betting, then we’re here to give you some guidance.  These are the greatest F1 sportsbooks, providing the best F1 betting odds and plenty more besides:

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Betfred

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New 18+ UK customers only. Register with SUMMER50 between 31/05/24 – 14/07/24. First bet £10+ at Evens (2.0)+ on Sports within 7 days to get 3 x £10 in Sports Free Bets & 2 x £10 in Acca Free Bets within 10 hours of settlement. 7-day expiry. Eligibility & payment exclusions apply. Full T&Cs apply.

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Top 10 F1 Betting Sites 2024

To have the best experience at betting on F1, you need to be using an ideal sportsbook for it. And that’s why we have put together what we consider to be the top 10 sites for F1 betting in 2024. Below, we have highlighted these betting sites and an area that they excel in. This way, you get a brief insight into what could be considered their specialist area.

1. Betfred – Bringing over 50 years of experience
2. Spreadex – Providing both spread betting and fixed odds
3. BetUK – Incorporating top-quality sports betting promotions
4. Kwiff – Offering supercharged odds
5. SBK – Fantastic mobile-first approach to betting
6. Midnite – Ideal sports betting odds
7. LiveScoreBet – One of the best live streaming sites
8. BoyleSports – Diverse range of sports betting markets
9. 10Bet – High welcome bonus to claim

Our Top 5 F1 Betting Sites Reviewed

We’ve given you a rundown of the best betting sites in the UK. And we’ve also mentioned our top 10 for anyone looking to get involved in betting on F1. But it’s time to condense that list a little more. Here, we’ll give you more info on the top five sportsbooks for betting on Formula 1. Find out about some of their features and what areas they really excel in.

1. Betfred F1 Betting – Bringing Over 50 Years of Experience (Bet £10 and get £30 in Free Bets)

You know that you can trust an online bookmaker when they have 50 years of experience behind their brand. That’s what you get when you sign up for an account at the Betfred platform. F1 betting odds can be found under its Motor Sports category, and these stand out as being particularly good at the site. You can also benefit from the high winning limits that are in place at the sportsbook. Further to this, Betfred provides its users with the chance to live stream sporting events in high definition.

Full cash out is also available, which allows you more control over your live bets. And the sportsbook also has excellent betting apps for Android and iOS devices. Customer support is also available to you on a 24/7 basis, so you can get assistance whenever you may require it. Betfred remains as one of the few bookies that also accepts telephone betting. Thus, if you cannot access the website, call the team up and they’ll place your wager for you.

2. Spreadex F1 Betting – Offering Both Spread Betting and Fixed Odds Wagering (Bet £25 and get £40 in Bonuses)

There isn’t a huge number of sports betting sites that provide both spread betting and fixed odds wagering in one. But Spreadex does, and this is what makes it stand out primarily. Yet it has a lot more to it than that. The site offers a live streaming service that is unparalleled in many ways, allowing you to watch a mass of sports through it. And when you look at all the sports on offer, you have the chance to bet on over 100,000 pre-match markets every month.

A bet builder tool is in place to allow you to get the most out of the betting odds on F1. Plus, Spreadex has its own top-quality mobile betting apps for you to wager from any location through. The minimum deposit at the sportsbook stands at £1, which is lower than so many others. And all of these features come from the 20+ years of experience that the brand has to its name.

3. BetUK F1 Betting – Offering a Set of Amazing Promotions (Bet £10 and get £30 in Free Bets)

Special betting offers and other promotions will always stand out to bettors. After all, they can serve to enhance our activity at a sportsbook. And when it comes to BetUK, it knows all about this. With 10,000+ events available to bet on per month at the site, there’s a lot to look forward to. You can also benefit from this platform’s high winning limits, and there is a bet builder tool on hand for you to utilise, too.

Live streaming is offered by BetUK, and a full cash out function is usable on live bets. It provides stunning Android and iOS mobile applications for you to download. And through these, you can take advantage of the F1 betting odds wherever you are. Also supported at this sportsbooks are PayPal transactions, offering another alternative payment method. And it provides 24/7 customer support at the same time. Combining all of those features together doubtless ensures you have a thrilling sportsbook to join.

4. Kwiff F1 Betting – Incorporating Supercharged Odds (Bet £10 and get £20 in Free Bets)

You instantly know you’re onto a good thing when a sportsbook promises to supercharge the betting odds for you. This is just one of the enjoyable features of the Kwiff online sports betting site, providing you with great value and plenty of fun. And if you ever need help with this or anything else at the site, the support team is contactable on a 24/7 basis. The website itself, as well as the associated mobile version that is available, are easy to use and navigate around, too.

As well as offering pre-match betting, you can enjoy F1 live betting odds at Kwiff. Doubtless, the overall setup of the sportsbook will also be appealing, and it allows you to move between sportsbook and casino sections easily. As well as having an intriguing welcome offer on hand, the site also incorporates an acca insurance promotion and several other perks. The Kwiff Sport Club is also something to become a part of and benefit from.

5. SBK – Top of the Line Mobile-first Betting Approach

SBK is, in a nutshell, a top-tier sportsbook that has only recently made its way into the UK market. We had a hard time finding fault with anything on the betting site during our review. The operator provides a remarkable product that caters to the needs of punters of varying preferences, from its generous welcome bonus to its comprehensive markets, highly competitive F1 betting odds and one-of-a-kind community functions.

Being part of a competitive market, sports betting sites are constantly looking for ways to up their user experience while offering fun gameplay. And that’s exactly what SBK has done with its world-class mobile-only betting site. Launched in 2019, SBK seems to have little chance competing with some of the well-established sites in our review. However, the site does not disappoint. With a wide variety of payment options, decent promotion offers, 25 lucrative sports markets, and of course, an easy-to-use mobile betting site, there’s no doubt why SBK made it to our top list of best F1 betting sites.

In addition to F1, punters can wager on the usual football, tennis, golf and other options like handball and cycling. Most of these markets also have remarkable depth.

Top F1 Bokmakers Compared 2024

In order to create our list of the best F1 betting sites, we had to look through a large number of sportsbooks. Upon doing so, we managed to uncover what each of our recommended sites is best at. Each of them really does provide an enjoyable platform to sign up to, but they all stand out for something above their peers. Have a look at the Formula 1 betting sites compared below.

How We Rank F1 Bookies

Best Formula 1 Betting Odds for 2024

As we noted above, the best sportsbooks provide the most ideal odds for players to take advantage of. And Formula One bettors like to get the best prices for their money as possible, too. That’s why the recommended platforms here offer ideal Formula One betting lines. We would never suggest joining an online sportsbook which has inferior odds, because what’s the point? Especially when multiple others have more favourable odds to experience and benefit from.

The best Formula 1 betting odds for 2022 allow you to get the best payout if you place a successful bet. In most circumstances, you will see people betting on the outright winner of an event. And this is usually the market provided in the weeks and months prior to an F1 race taking place. Once the event draws nearer, additional markets are likely to open up relating to such, which have their own odds.

We want to ensure that you get the best betting odds on F1, which is why we have put together the table below. This displays the greatest betting F1 odds available at current, and the sportsbooks that they are found at. The Singapore Grand Prix is coming up in due course, and this serves as a popular event to wager on. Take a look at the best F1 betting odds on the outright winning driver below.

F1 Betting Site	Max Verstappen	Charles Leclerc	Carlos Sainz	Lewis Hamilton	George Russell
	1/2	4/1	10/1	10/1	16/1
	1/2	7/2	10/1	12/1	14/1
	2/5	9/2	9/1	14/1	14/1
	4/11	7/2	9/1	11/1	14/1

Top Formula 1 Betting Markets

So, you know the places that are the best for betting on F1, but what about the betting markets? Which are the most popular ones to place a stake on? If you’re new to this type of betting, then it is ideal to know what may be easier, what is more likely to bring a higher payout from better odds, and so on. Here, we’ll give you some F1 betting tips as far as the more popular betting markets go.

Outright Winner

The outright winner market is something that can be associated with just about all sporting events. It’s also usually the market that is made available first, as the participants in an event are often announced weeks before it takes place. Thus, you can back whomever you believe will cross the finish line in first position. Being aware of the best F1 drivers is quite ideal for wagering on this market.

Winning Team

Different Formula One drivers are participating for different teams. So, you can bet on which team you think will be the winning one. Teams like Red Bull, Mercedes, Ferrari, McClaren, Alpine, Aston Martin and so on partake in these races. Therefore, it is good to know how well different teams do in races. If you know that you’re intending to partake in Grand Prix betting for example, then you may want to back Ferrari or Williams, as their history dictates exceptional performances. This is also known as the best constructor betting.

Number of Victories Won by a Racer in a Season

While many betting markets surround a specific F1 race, there is one that exists outside of this collection. Some bookmakers offer odds on the number of victories won by a racer in a single season. There are some big-name drivers involved in races year-round, and if you know them well, you can back them to win a certain number of these events.

Podium Finish

Operating similar to the outright winning bet, the podium finish sees you predicting which driver(s) will finish in the top three. It can be a bit more difficult to predict this than the standard outright winner. However, you can consider certain factors and still benefit from some great odds for this, too.

Driver Match-Ups

Some sportsbooks also offer you the chance to bet on two drivers at once. Through this, you need to determine which one will finish ahead of the other. Neither one specifically has to win the race they’re partaking in. The one that you choose to finish higher up must successfully beat the other driver involved in the match-up for it to be a winning wager.

Fastest Lap

One other final popular betting market is wagering on which driver you believe will secure the fastest lap around the track. For this, it is better to look into the statistics and history of each driver, as well as certain other factors, prior to placing a bet. The F1 betting odds on this market can often be very appealing.

Best F1 Betting Tips for 2024

F1 Championship betting or Grand Prix betting for example, is very different to placing a bet on football or tennis. It is its own entity, and if you haven’t wagered on Formula One before, then you may want to take note of some F1 betting tips. This is what we are here to provide to you, and while many of the tips can also be used for wagering on other sports, they do cater to F1 as well. Have a look at the F1 betting tips below and try to incorporate them into your own betting strategy.

F1 Betting Site Features

F1 sportsbooks incorporate a variety of features beside the standard pre-match betting for you to experience. These afford you a more entertaining betting experience, and that’s what we all want when participating in such. These features can be utilised for just about all sports, meaning that F1 bettors can experience them, too. And while they aren’t all available at every single sportsbook, we’re going to take a look at the best features at F1 betting sites.

Live Betting

There is pre-match betting at all sportsbooks. And then there is live betting as well. This allows you to wager on the F1 events while they take place. Of course, races of this nature are high-energy and full of adrenaline, so things can change swiftly. You need to be on the ball with live betting, but it can provide some fantastic results and excellent odds to benefit from.

Live Streaming

Let’s say that you’re participating in F1 Championship betting, and you would like to watch as the events in the race unfold. Well, there is the opportunity to do just that. Some sportsbooks offer the chance to live stream events from different sports via their sites. This way, you can make much more informed live bets on the races.

Cash Out

If you do opt to partake in live betting, then you may wish to also utilise the cash out tool offered by top-rated betting sites. This gives you the opportunity to end an in-play bet before the F1 race has come to an end. Through it, you can minimise any potential losses if things aren’t going the way you expected, or lock in profit on a bet.

Bet Builder

Some sportsbooks also incorporate bet builders into their setup for you to utilise, too. A bet builder gives you the chance to construct a single wager out of multiple markets. Simply add these markets to your builder and the odds for the selections involved will be displayed. You can then accept those odds and place your stake on all of them at once, rather than betting singularly on each one.

Acca Deals

If you go ahead with placing an F1 accumulator bet, then you may end up being able to claim a fantastic deal at the same time. Sports betting sites tend to offer price boosts on accas or insurance on a single selection if it doesn’t turn out like you thought it would. These promotions can be quite handy, so watch out for them at your chosen sportsbook.

F1 Betting Site	Live Betting	Live Streaming	Bet Builder	Cash Out	Acca Deals

Best F1 Betting Site Offers and Promotions

In the United Kingdom, sports like football, tennis, cricket and horse racing stand out as being highly popular. And therefore, they often receive a plethora of special offers from sportsbooks. While Formula One also has a nice collection of betting fans, promotions on it aren’t quite as frequent. And that’s a shame. Yet, there are certain standard rewards that can be utilised when betting on races in F1.

Free Bets

Online sportsbooks will frequently provide free bet promotions for you to claim. Through these, you make a deposit, place a bet at specific odds and a minimum amount. Upon that bet settling, you will receive one or more free bets to your sportsbook account. Usually, those free bets can then be used on any of the sporting events at the site.

Bonus on Deposit

Some sportsbooks prefer to provide players with bonuses when they make a deposit. In doing so, you receive a percentage of your deposit as an extra on your account in bonus funds. Be careful with these, as they can sometimes come with unmanageable terms and conditions. So, it’s best to check into any wagering requirements associated with bonuses before claiming them.

Cashback

One of the preferred benefits offered by a sportsbook for many people is a cashback promotion. This provides money back to you on your net losses for the day or the week. The best part about cashback is that it doesn’t have wagering requirements to meet. With this being the case, you are able to withdraw it as real money straight away, if you so wish.

Acca Insurance

This promotion relates specifically to those people at F1 bookies who are creating accumulators. Acca insurance covers one of the selections in your accumulator. So, if it doesn’t turn out like you expected it to, the insurance will ensure that you get your stake back.

Enhanced Odds

Some sportsbooks also provide their players with the opportunity to benefit from enhanced odds on certain events. At times, the betting odds for F1 races can be enhanced, ensuring that if your bet is successful, you receive a better payout from it.

Take a look at the top 5 promotions relating to or that can be outrightly used on F1 betting.

• Betfred – Get £30 in Free Bets When You Stake £10. Newcomers only. Deposit and place a bet on sports at a minimum of £10 in one transaction. Odds should be evens or better. £30 paid in free bets within 10 hours of bet settlement.
• Kwiff – Supercharge Your Weekend. Place an acca at the weekend with at least three selections and minimum ticket odds of 2/1. Your odds are guaranteed to be supercharged.
• BoyleSports – ACCA Loyalty. £5 free ACCA for every 5 ACCAs placed on all sports.
• 10Bet – Up to £5,000 Cash Bonus on Winning ACCAs. Place a pre-match ACCA bet of at least three selections. 10Bet adds a cash bonus of between 5% and 100% to your winnings up to a maximum of £5,000.

Popular F1 Racing Schedule

Many people are only aware of a couple of F1 events that take place per year. That’s why F1 Championship betting and Grand Prix betting are so popular with sports bettors. Yet there are various other important events in the F1 racing schedule to take note of, too. Find out about some of them below.

Formula 1 Gulf Air Bahrain Grand Prix 2022 – March 18-20

• Bahrain International Circuit
• 412km circuit length
• 57 laps

Formula 1 STC Saudi Arabian Grand Prix 2022 – March 25-27

• Jeddah Corniche Circuit
• 174km circuit length
• 50 laps

Formula 1 Heineken Australian Grand Prix 2022 – April 8-10

• Albert Park Circuit
• 278km circuit length
• 58 laps

Formula 1 Rolex Gran Premio Del Made in Italy e Dell ’Emilia-Romagna 2022 – April 22-24

• Autodromo Enzo e Dino Ferrari
• 909km circuit length
• 63 laps

Formula 1 Crypto.com Miami Grand Prix 2022 – May 6-8

• Miami International Autodrome
• 412km circuit length
• 57 laps

Formula 1 Pirelli Gran Premio de España 2022 – May 20-22

• Circuit de Barcelona-Catalunya
• 675km circuit length
• 66 laps

Formula 1 Grand Prix de Monaco 2022 – May 27-29

• Circuit de Monaco
• 337km circuit length
• 78 laps

Formula 1 Azerbaijan Grand Prix 2022 – June 10-12

• Baku City Circuit
• 003km circuit length
• 51 laps

Formula 1 AWS Grand Prix du Canada 2022 – June 17-19

• Circuit Gilles-Villeneuve
• 361km circuit length
• 70 laps

Formula 1 Lenovo British Grand Prix 2022 – July 1-3

• Silverstone Circuit
• 891km circuit length
• 52 laps

Formula 1 Rolex Grosser Preis Von Österreich 2022 – July 8-10

• Red Bull Ring
• 318km circuit length
• 71 laps

Formula 1 Lenovo Grand Prix de France 2022 – July 22-24

• Circuit Paul Ricard
• 842km circuit length
• 53 laps

Formula 1 Aramco Magyar Nagydíj 2022 – July 29-31

• Hungaroring
• 381km circuit length
• 70 laps

Formula 1 Rolex Belgian Grand Prix 2022 – August 26-28

• Circuit de Spa-Francorchamps
• 004km circuit length
• 44 laps

Formula 1 Heineken Dutch Grand Prix 2022 – September 2-4

• Circuit Zandvoort
• 259km circuit length
• 72 laps

Formula 1 Pirelli Gran Premio D’Italia 2022 – September 9-11

• Autodromo Nazionale Monza
• 793km circuit length
• 53 laps

Formula 1 Singapore Airlines Singapore Grand Prix 2022 – September 30-October 2

• Marina Bay Street Circuit
• 063km circuit length
• 61 laps

Formula 1 Honda Japanese Grand Prix 2022 – October 7-9

• Suzuka International Racing Course
• 807km circuit length
• 53 laps

Formula 1 Aramco United States Grand Prix 2022 – October 21-23

• Circuit of The Americas
• 513km circuit length
• 56 laps

Formula 1 Gran Premio de la Ciudad de México 2022 – October 28-30

• Autódromo Hermanos Rodríguez
• 304km circuit length
• 71 laps

Formula 1 Heineken Grande Prêmio de São Paulo 2022 – November 11-13

• Autódromo José Carlos Pace
• 309km circuit length
• 71 laps

Formula 1 Etihad Airways Abu Dhabi Grand Prix 2022 – November 18-20

• Yas Marina Circuit
• 281km circuit length
• 58 laps

Key F1 Terms Explained

Like any sport, Formula One has certain terms linked to it that are specific to it. For anyone who isn’t familiar with the sport, these terms may not be instantly understandable. Here is a sort of glossary relating to Formula 1 and the betting odds on F1.

How to Place a Formula 1 Bet Online

If you want to benefit from the pre-match or F1 live betting odds, then you will need to know how to place a bet of this nature. That’s why we have put together this guide to registering, depositing and placing bets on the races for you to follow. Take a look at how easy it is.

Step One – Register for an Account

We’re utilising BetUK in our example guide here, but the process is roughly the same from site to site. The first step to take is to register for an account, which simply requires some basic information to be entered.

Step Two – Make a Deposit

With your sportsbook account opened, you need to proceed to the cashier to make a deposit into it. The various supported payment methods should be listed there, and you simply need to enter the relevant information to proceed with this. Be sure that if you’re intending to claim a welcome offer that you’re making a qualifying first deposit.

Step Three – Select Your Betting Market

With funds in your account, you need to visit the sports lobby and select the F1 or Motor Sports category. Locate the event and market(s) you would like to wager on and then consider the odds being offered.

Step Four – Place Your F1 Bet

Click on your selection and then enter the amount you would like to stake on them on the betting slip. Your potential win will be displayed and then you can confirm the selection to place the wager.

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Final Thoughts

Formula 1 betting can be one of the most entertaining forms of sports wagering around. Even if you’re not totally familiar with Formula 1 betting predictions or F1 betting tips, you can still figure out some of the best drivers with a bit of research. Take a look at the betting odds on the F1 World Champion and that should give you a bit of an insight, too. We hope our guide has provided plenty of useful information, and that you can find your preferential F1 betting sportsbook.

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Jack Groth

iGaming analyst

Jack Groth

iGaming analyst

Jack is a freelance writer working in the iGaming and betting industry for over seven years. He is specialized in football and tennis betting but has also plenty of knowledge in betting on all kind of sports.

All posts by Jack Groth