Formula 1 Betting

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Formula 1 or F1 has one of the largest numbers of followers worldwide of any sport and, in the last decade, top F1 betting sites have popped up online. In the world of F1 betting, the punter can choose to bet on the outcome of the championship or a single race. In the first format, the backer can predict which driver will win the championship over the course of the Grand Prix calendar, as well as which drivers will finish in the top 6 or in the top 3 at the end of the season. Furthermore, punters can also predict which drivers will finish the championship as first and runner-up. Read on for all the latest F1 betting tips, news, strategy guides, basically all things Formula One betting.

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F1 Betting Tips

2021 Formula 1 Betting Tips

The 2021 season looks to be a two-horse-race between Lewis Hamilton and Max Verstappen of Mercedes and Red Bull respectively, with other teams behind, ready to ruin the party. Every year, wagering on the F1 season involves a wealth of fans all over the world looking to make things more exciting, meaning plenty bet on the winner of races and final world championship markets.

2021 F1 Outright Odds

Drivers' ChampionshipOddsConstruction ChampionshipOdds
Max Verstappen8/13Mercedes8/11
Lewis Hamilton5/4Red Bull5/4

Top Formula 1 Betting Markets

Constructors Championship Winner
Wagering on the top team of the season, you can bet on this market anytime during the year so long as it's mathematically open thanks to bookie's dynamic odds.
Drivers’ Championship Winner
Backing the world's top driver, this market shifts throughout the year as racers emerge atop the standings.
Race Winner
Here you'll bet on the driver that wins the race. New odds are offered before every single race and well as during with live betting options.
Fastest Lap
This market concentrates on the driver that during a single race will complete an individual lap in the quickest time.
Pole Position
A popular market, here you wager the driver that obtains the pole position during the qualifying portion of the Grand Prix.
Top 3
A safer betting option, this market covers drivers that will take a podium position at the end of the race.

Understanding Formula 1 Odds

Bookmakers use Formula 1 odds to mirror how likely is a situation going to happen during a race or season. Bookmakers make their own estimation and calculate what they think is the real probability of something happening during the event. Every bookmaker offers different markets when it comes to Formula 1. Some of them traditionally offer just winners options, others give loads of opportunities, like predicting the final podium or the quickest driver of a race.

Finding Value F1 Bets

Before betting, it’s really important to identify the real value of Formula 1 odds. Consider a real opportunity to win good money placing a bet. An example is a bookmaker giving a top driver 7/2, which means that he’s considered likely to win the whole competition with a probability of 35%. If your opinion is that this driver has more chances to win the competition, let’s say around a good 70%, you should consider that one a good betting opportunity.

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History of Formula 1

Formula 1 has its roots in Europe during the 1920s and 30s, becoming a world competition in 1950. After that, an impressive number of people started following the races, supporting their favourite drivers. The 90s represented the real change, with the introduction of technology and new aerodynamics tools that made a powerful engine just a piece of the puzzle needed to win the competition.

Duels like the ones between Mika Häkkinen and Michael Schumacher form the history of the modern Formula 1, one that has generally seen main characters Ferrari and Mercedes succeed with other teams sometimes in the middle breaking up the mould. In the last few years other great drivers entertained the huge number of followers that Formula 1 engages each season.

Fernando Alonso, Lewis Hamilton and Sebastian Vettel are just few names of drivers that recently battled for the tallest step of the podium. Formula 1 betting is entertaining and enjoyable, with most of the bookmakers offering a large amount of betting markets and lots of in-play opportunities.

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Recent Formula 1 Winners

YearDrivers’ ChampionshipConstructors Championship Champion
2020Lewis HamiltonMercedes
2019Lewis HamiltonMercedes
2018Lewis HamiltonMercedes
2017Lewis HamiltonMercedes
2016Nico RosbergMercedes
2015Lewis HamiltonMercedes
2014Lewis HamiltonMercedes

Related Betting Guides

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Contributors

Contributors

Hi, I'm Dean Ryan

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

Interests
  • Sports Betting
  • Odds Compiling
  • Horse Racing

Reviewer since June 2016

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