Formula 1 racing attracts up to 600 million viewers per event around the world, but it’s anyone’s guess as to how much betting action the sport generates. What we can tell you for sure is that Formula One betting is very popular and most betting sites offer betting on the sport.
Formula 1 betting is most popular in Europe, but bettors from around the world can bet on it thanks to the internet. All the largest betting sites provide bets on Formula 1 year round. During the off season, you won’t find as many bets, though. During major events, the betting options become quite varied.
Top Rated Formula 1 Online Betting Sites
We’ve listed the best Formula 1 betting sites right here on this page. For the most part, we’ve found that European betting sites have the greatest offering of Formula 1 betting. These betting sites know the sport well and they have a target market that also knows Formula 1 betting.
USA betting sites also offer Formula 1 betting, but not to the same extent. Many people from the US watch Formula 1, but the interest levels aren’t the same as they are in Europe. The good news is that no matter where you live, there’s a way to watch and bet on Formula 1 racing.
The best Formula 1 betting sites are nice to play at because they offer a great degree of freedom. If you didn’t know better, you’d think the betting options for a sport that involves driving around circles would be somewhat limited. On the contrary, Formula 1 betting offers tons of different betting options.
Real Money Bets Available at F1 Betting Websites
Formula One betting sites have gotten pretty inventive in coming up with different types of bets. In this section, we have a quick overview of a few of the most common types of F1 bets.
Formula 1 Futures Betting
You’ll see a lot of Formula 1 futures during the off season. Formula One futures bets deal with events that are still a ways off in the future. For example, you can place wagers on who will win certain championships well in advance of the championship actually taking place.
The payout odds for Formula 1 futures are set so that every driver or team is worth a look. The best drivers / teams offer the lowest payouts because everyone obviously wants to bet on them. The biggest long shots offer the highest payouts in order to make them more attractive to fans of auto racing betting.
Formula One Head to Head Bets
Head to head bets let you pit two specific drivers (or teams) against one another and make a wager on which driver will do the best in the race. These bets are fun because they are similar to 1 vs. 1 matchups in other sports. You actually have a good chance to win because your driver doesn’t have to compete against the whole field.
Formula 1 head to head bets can be placed during any race because they don’t actually change anything. The drivers are still competing against the entire field. It’s just that your bet only takes two drivers into consideration. The driver who finishes in the best position is declared the “winner” for the purposes of your bet.
Formula 1 Prop Bets
Formula 1 prop bets can take many shapes and forms. Like the prop bets in other sports, Formula One prop bets have to do with things other than who will win the race. For example, a couple of common bets include the following:
- Will driver A advance through to qualifying session 2?
- How many cars will fail to complete the first lap?
- Which driver will be the first to retire from the race?
There are really no limits to the possibilities when it comes to Formula 1 prop bets. Some betting sites go all out in their prop bets, others keep it pretty basic. In any case, prop bets are a lot of fun and they can also be quite profitable if you know the sport well.
Tips for Formula 1 Betting Online
Research is the key to racing betting success as with all types of sports betting. It doesn’t matter if it’s basketball, football or Formula 1. The more you know about Formula 1 betting, the better you’ll do in the long run. An intimate knowledge of the drivers, the teams, the behind-the-scenes news, racing conditions and other factors will help you achieve the greatest success.
If you’re really serious about Formula 1 betting, it is also a good idea to watch qualifying races leading up to the main event. Those qualifying races will tell you a lot about what to expect in the real deal. You will also want to pay attention to the amount of fuel carried by each car, as that has an effect on the entire strategy for the race.
