Best F1 Betting Sites 2024

There are some essential criteria that we use when choosing the best F1 betting sites:

Welcome Bonuses and Promotions

The best F1 bookmakers should have attractive deals, such as deposit matches or free bets, to get you started. For instance, a site might offer a 100% match on your first deposit up to €100.

However, always read the fine print—terms like betting requirements could affect how and when you can withdraw your bonus winnings.

Easy Deposits and Withdrawals

Formula 1 betting platforms must allow you to deposit and withdraw money effortlessly, support various payment methods such as credit cards, PayPal, and other e-wallets. Transactions must be smooth and straightforward, ensuring you can fund your account or cash out winnings immediately.

Betting Options

We look for online betting platforms that offer a range of bets—not just on race winners but also on other markets like the Driver’s and Constructor’s Championships or specific in-race events like the fastest lap.

Security and Privacy

Your personal and financial information must be secure. For this, we choose sites that employ advanced security measures, such as SSL encryption, to protect your data from potential threats.

Reliable Customer Support

Excellent customer support is important for resolving any issues you may encounter. The best F1 sites offer multiple support channels, including live chat, phone, email, and social media, to ensure you can get help whenever needed.

User-Friendly Experience

A top F1 betting site should be easy to navigate, allow you to find bonuses, place bets, and withdraw money without any hassle. A well-designed interface helps you quickly locate F1 races and explore different betting options without getting lost in complex menus.

For more Formula 1 content, check our regularly renewed F1 predictions.

There are different types of bets that F1 bettors can place:

An outright bet on a driver means you are betting on which driver will win the race. This is one of the simplest and most popular types of F1 bets.

For instance, you believe that Max Verstappen will win the Monaco Grand Prix, so you bet on him outright. If Verstappen finishes first, your bet wins, and you collect the payout based on the odds when you place your bet.

Like betting on F1 driver, an outright bet on the team (also known as the Constructor’s Championship bet) involves betting on which team will win the race. This can be particularly strategic if a team has a strong overall car performance and two competitive drivers.

So, if you bet on Mercedes to win the race, you’re essentially betting that either Lewis Hamilton or George Russell will cross the finish line first. If one of them wins, so does your bet.

A combined bet allows you to bet on which three drivers will finish in the top three positions, often called a “podium finish.” This bet offers more flexibility than an outright bet, as you don’t need to predict the exact winner – just the top three.

You might place a combined bet predicting that Charles Leclerc, Carlos Sainz, and Sergio Perez will finish in the top three. If all three drivers finish on the podium, regardless of the order, you win the bet.

An accumulator (or “acca”) bet involves combining multiple individual bets into one larger bet, often with a higher payout potential. For F1, you might combine a bet on a driver to win and a team to win in one bet.

Let’s say, you bet on Lewis Hamilton to win the race and Mercedes to win the Constructor’s title for that race. Both outcomes must occur for you to win the accumulator bet. The potential payout is higher, but so is the risk.

Live betting allows you to place bets during the race as it unfolds. This type of betting is dynamic and can be influenced by real-time events such as crashes, weather changes, or pit stops. It requires quick thinking and a good understanding of the race dynamics.

For example, during the British Grand Prix, you notice that Lando Norris is performing exceptionally well after a pit stop, and you believe he has a good chance to finish in the top five. You place a live bet on him achieving that position. If he does, you win the bet based on the odds available at the time of your bet.

Crypto betting sites in Formula 1 have some clear advantages. You can make unlimited deposits and withdrawals, move money without restrictions, and fast transactions are often completed within minutes. 

Some sites even offer bonuses without betting requirements, letting you keep all your winnings.

Another benefit is these sites’ innovation, offering unique betting options like betting on Twitch Streamers. They also protect privacy by requiring minimal personal information, ensuring your financial activities stay confidential.

However, there are downsides, too. The value of cryptocurrencies can change quickly, which means your deposits and winnings can lose value fast. The lack of regulation in crypto betting can leave you with less protection if something goes wrong. 

Plus, using cryptocurrencies can be confusing for those who aren’t familiar with them, making the process intimidating for newcomers.

By following these Formula One betting tips, you can improve your F1 betting strategy and increase your chances of winning:

• F1 drivers often perform better on tracks where they have experience. So, look for drivers who have consistently done well on specific circuits.
• Always check different Formula 1 bookmakers to find the best odds for your bet, as small differences can impact your payout.
• Stay updated on recent performances and any team issues. This information can give you an edge in your bets.
• Weather conditions can affect F1 race outcomes, so monitor forecasts and bet accordingly.
• Don’t be swayed by a driver’s qualifying solid performance. Instead, focus on thorough research.
• Take advantage of promotions and bonuses from F1 betting platforms to increase your betting power.
• Be aware that team strategies might affect the race outcome, especially if one driver is helping a teammate in the championship race.
• Place bets during the race only if you can follow the action closely to make informed decisions.
• You’re betting against experts, so staying informed and researching is essential for success.
• One of the biggest mistakes in F1 betting is going after long-shot bets in hopes of a big win. The top three or four drivers usually have the best chances of winning, so it’s generally smarter to stick with these favorites.
• The shorter odds for the top drivers reflect their higher likelihood of winning. It’s typically more reliable to bet on these top contenders rather than taking a risky bet on an underdog.
• If you place bets on race day, it’s wise to wait until the last moment to decide. By then, you’ll have access to important information like grid positions, qualifying times, and pit strategies, which can greatly influence the race outcome.
• Betting late lets you use the most current data to make a well-informed decision. While you might miss out on early betting value, the accuracy gained from the latest updates can lead to more successful bets.

If you want to use the best F1 betting sites, look for ones with good bonuses, easy payment options, and various betting choices. Make sure the platform is secure and easy to use.

If you’re considering cryptocurrency, remember it offers fast and private transactions but comes with risks like value changes and less regulation. By selecting the right site and staying informed, you’ll be in a better position to enjoy and succeed in F1 betting.