Best Formula 1 Betting Sites

Available in Australia

Formula 1 is where the best drivers and constructors battle it out each year in a season filled with epic races. F1's popularity is booming lately and as a result, so is F1 betting.

That's why our Gambling.com experts have ranked the best Formula 1 betting sites, so punters can bet with confidence at safe, legal F1 bookies. So, start your engines and choose a site that suits your betting preferences.

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How We Rank The Best Formula 1 Betting Sites

We have a detailed review process when searching for the best Formula 1 betting sites, which includes examining the following factors:

How to Bet on Formula 1

Betting on F1 is simple once you know how to fill in a betting slip. Just follow these step-by-step instructions to get started:

  1. Select an F1 Betting Site: Choose a recommended F1 betting site or betting app on this page and click the 'visit site' button.
  2. Register: Enter all the required information to sign up, such as name, email, and date of birth. You will need to follow a confirmation email and supply documentation to verify your identity too.
  3. Make a Deposit: Using one of the accepted payment methods, put some money into your account that you can use for your first bet.
  4. Place an F1 Bet: From the list of available sports, navigate to the F1 betting market you want to bet on, choose your bet type and stake, then press 'confirm' or 'place bet'.

 

A Closer Look at the Best Formula 1 Betting Sites

If you want the best experience when betting on F1, consider using a number of different online bookmakers.

This way, you can claim multiple offers. You can also compare betting odds across sites and select the the best prices for any given race.

Below, we’ve put some of the best Formula 1 betting sites under the microscope, including the latest new betting sites, so you can decide which ones suit your preferences.

 

Betfair - Sign Up Here

Betfair was created in 2000 and is now the world’s largest betting exchange site, where you can back and lay on F1 betting markets.

Betfair also has a conventional sportsbook which features a number of great offers for F1 bettors.

You can also read the Betfair blog to get regular F1 race previews and betting tips from experts, along with handy betting guides.

Betfair has all the betting markets we expect to see online and also offers regular enhanced prices on Formula 1 races.

🏎️ Betfair F1 Betting

Pros
Top F1 betting exchange site
Regular F1 promotions
Cons
Could add more regular F1-specific promos

bet365 - Sign Up Here

bet365 is one of the world's favourite online bookmakers, founded in 2000 and based in Stoke-on-Trent.

The site has a sophisticated F1 offering, with bet boosts at the top of the Formula 1 page in the build-up to races revealing a range of enhanced odds.

bet365 is great for in-play betting and has a quick, responsive cash-out feature, but this betting site really stands out for the variety of F1 bets available, with nearly 50 markets offered for each race.

🏎️ bet365 F1 Betting

Pros
Wide range of F1 markets
Rapid customer support response times
Cons
Live streaming service doesn't include Formula 1

Ladbrokes - Sign Up Here

Ladbrokes has a rich history of betting, having been established way back in 1886.

Now owned by Entain PLC, this bookmaker has built a great reputation across sports betting products and is among the best F1 bookies online.

The F1 section includes in-play and outright markets, although the offering isn’t quite as strong visually as some competitors.

Where Ladbrokes does stand out among the best Formula 1 betting sites is pricing - and you'll rarely see this betting site beaten when it comes to F1 odds.

Like 888sport and bet365, Ladbrokes also has a news site, where F1 betting tips, predictions and guides are posted.

🏎️ Ladbrokes F1 Betting

Pros
Competitive F1 Odds
F1 news and tips section on-site
Cons
F1 section could be expanded slightly

Types of F1 Bets Explained

Below we’ve outlined the markets that represent some of the most popular types of F1 bets players go for.

Latest F1 Betting Odds December 2022

Formula 1 World Drivers' Championship Odds
Wednesday 7th December 2022
Unibet Bet365 Ladbrokes
 
% Chance
Max Verstappen 57.90%
--
8/11
--
Lewis Hamilton 25.00%
--
3/1
--
Charles Leclerc 16.67%
--
5/1
--
George Russell 11.11%
--
8/1
--
Carlos Sainz Jr 3.85%
--
25/1
--
Team % Chance Best Odds
Max Verstappen
57.90%
Sign up Offer Best Odds
World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
8/11 Bet365
Lewis Hamilton
25.00%
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3/1 Bet365
Charles Leclerc
16.67%
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5/1 Bet365
George Russell
11.11%
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8/1 Bet365
Carlos Sainz Jr
3.85%
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25/1 Bet365
Sergio Perez
3.85%
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25/1 Bet365
Lando Norris
0.79%
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125/1 Bet365
Fernando Alonso
0.66%
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150/1 Bet365
Esteban Ocon
0.40%
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250/1 Bet365
Pierre Gasly
0.20%
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500/1 Bet365
Kevin Magnussen
0.10%
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1000/1 Bet365
Valtteri Bottas
0.10%
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1000/1 Bet365
Oscar Piastri
0.10%
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1000/1 Bet365
Lance Stroll
0.10%
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World’s Favourite Online Sports Betting Company
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1000/1 Bet365
Nico Hulkenberg
0.10%
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World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
1000/1 Bet365
Nyck de Vries
0.05%
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World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
2000/1 Bet365
Logan Sargeant
0.05%
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World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
2000/1 Bet365
Guanyu Zhou
0.05%
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World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
2000/1 Bet365
Alexander Albon
0.05%
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World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
2000/1 Bet365
Yuki Tsunoda
0.05%
Sign up Offer Best Odds
World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
2000/1 Bet365
Check the Unibet Vault to see all your Daily Racing Rewards in one place
Visit Site
World’s Favourite Online Sports Betting Company
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18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
Bet with one of Australia's leading bookmakers
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Formula 1 Constructors' Championship Odds
Wednesday 7th December 2022
Unibet Bet365 Ladbrokes
 
% Chance
Red Bull Racing 52.38%
--
10/11
--
Mercedes 42.11%
--
11/8
--
Ferrari 14.29%
--
6/1
--
McLaren 0.79%
--
125/1
--
Alpine F1 Team 0.79%
--
125/1
--
Team % Chance Best Odds
Red Bull Racing
52.38%
Sign up Offer Best Odds
World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
10/11 Bet365
Mercedes
42.11%
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18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
11/8 Bet365
Ferrari
14.29%
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6/1 Bet365
McLaren
0.79%
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125/1 Bet365
Alpine F1 Team
0.79%
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18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
125/1 Bet365
Alfa Romeo Racing
0.28%
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18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
350/1 Bet365
Aston Martin F1 Team
0.20%
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World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
500/1 Bet365
Alphatauri
0.20%
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World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
500/1 Bet365
Haas F1 Team
0.10%
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World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
1000/1 Bet365
Williams
0.05%
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World’s Favourite Online Sports Betting Company
18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
2000/1 Bet365
Check the Unibet Vault to see all your Daily Racing Rewards in one place
Visit Site
World’s Favourite Online Sports Betting Company
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18+, T&C's Apply. https://www.gamblinghelponline.org.au/ Disclaimer: Bet365 does not offer bonus codes in Australia and this referral code does not grant access to offers
Bet with one of Australia's leading bookmakers
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F1 Betting Tips – Top 3 Strategies to Employ

The most successful F1 bettors have a watertight knowledge of the sport, using statistics and insights to their advantage when betting. Anyone can get lucky from time-to-time, but you should strive to know the drivers and their performances inside-out to make regular winning bets.

Our Formula 1 betting experts have picked out the top three F1 betting tips to help you make winning selections.

Pay Attention to Track and Seasonal Form

Bettors must be aware of two different types of form going into any race - track form and seasonal form. Track form covers how a specific driver has fared at a certain track in previous seasons and seasonal form is how they are performing overall in a particular season.

Different drivers suit different tracks and can often specialise at certain tracks. For example, Nico Rosberg won the Monaco GP three years in-a-row from 2013 to 2015 and Lewis Hamilton has won the British GP more times than any other driver in history.

So, if a driver has great track form and seasonal form going into a certain race, you can feel confident about backing them.

Tyres and Track Temperatures

As different cars prefer different compounds, some drivers are favoured on certain circuits not because of their form, but how their car reacts to the track.

Track temperature can quickly affect the performance of tyres, so keep an eye out for this factor.

In previous seasons, Mercedes has seemed to cope better with a variety of track temperatures, while Ferrari seems to have smaller operating windows.

Be Aware of the Weather Forecast

Always be aware of the weather forecast when placing a bet on F1. Given drivers will race a track over multiple days for practice, qualifying and the main event itself, weather can impact their performance.

The rain is often a great leveller and a rainy day can provide some surprising upsets. When a track is wet, the cars with the highest top-speed are hindered and may struggle to reach that speed.

Examine who won races when the conditions were wet earlier in the season or in previous campaigns, as there will be clues as to who understands their car better or makes fewer mistakes. During the rain this could be vital.

Biggest Races For F1 Betting

The Bahrain GP is now the first race of the season on the F1 circuit, which makes it an interesting prospect for bettors as it's the first time you’ll see the drivers in action since the previous year. The odds for the race at the Bahrain International Circuit in Sakhir often throw up good value.

The world-renowned Monaco Grand Prix is probably the most iconic race of the lot, a glamorous event held in the super-rich principality on the French Riviera. Held on a narrow course snaking around the streets of Monaco over two miles long, spectators are treated to 78 laps of action. Due to the course layout, the driver in pole position when the race starts usually ends up the winner.

Set at the historic ‘Temple of Speed’ Monza Circuit, the Italian GP is often dramatic and sometimes even fatal. In 2021, title rivals Lewis Hamilton and Max Verstappen ended up colliding with one another, with the crash allowing Daniel Ricciardo to secure his first race win since 2018. With few corners and a number of wide straights, there is always scope for wheel-to-wheel action and lots of overtaking. But unfortunately it sometimes ends tragically, with three drivers losing their lives at the oldest course in mainland Europe.

The Abu Dhabi GP is well-established as the season finale, but seems to always throw up a shock. Only three drivers have won back-to-back GPs there since it started in 2009.

Recent Formula 1 Drivers’ Champions

YearDriverConstructor
2021Max Verstappen (Holland)Red Bull Honda
2020Lewis Hamilton (Britain)Mercedes
2019Lewis Hamilton (Britain)Mercedes
2018Lewis Hamilton (Britain)Mercedes
2017Lewis Hamilton (Britain)Mercedes
2016Nico Rosberg (Germany)Mercedes
2015Lewis Hamilton (Britain)Mercedes
2014Lewis Hamilton (Britain)Mercedes
2013Sebastian Vettel (Germany)Red Bull Renault
2012Sebastian Vettel (Germany)Red Bull Renault

Best Formula 1 Betting Sites – Our Verdict

If you like Formula 1, you’ll love F1 betting. Live betting adds a whole new dimension to the experience of watching a race and it’s simple to place bets online across desktop, mobile or tablet. Keep it fun by betting responsibly at one of the trusted, licensed bookmakers recommended on this page.

FAQ


Yes, you can place bets on a wide range of F1 betting markets at secure, licensed betting sites. These sites have perks like enhanced odds and support a variety of payment methods such as debit cards and prepaid cards.

Unibet, Betfair and bet365 are three of the best options for F1 betting online. These safe, trusted sites have been reviewed and recommended by Formula 1 betting experts and all hold licenses from gambling regulators.

Bettors can place multiple different bet types when it comes to F1 racing, on markets such as race winner, driver head-to-head, podium finish, top-six finish and fastest lap. Outright, season-long bets on the Drivers' and Constructors' Championships are also available.

Betting on Formula 1 online is straightforward. Choose a recommended F1 betting site or betting app on this page to sign up for an account with your personal details and a form of ID. Make a deposit with a debit card or e-wallet and navigate to the Formula 1 section to place your bets.

Contributors

Contributors

Hi, I'm Dean Ryan

"A passionate sports betting expert and journalist with over 15 years spent in the gambling industry."

Interests
  • Sports Betting Sites
  • Odds Compiling
  • Horse Racing

Reviewer since June 2016

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