Best F1 betting sites
Figuring out which is the best F1 betting site is a hard task compared to some other wagering sports. The reason is simple – motorsports are not the main bread-winner of the majority of online bookies out there. Even basic information such as F1 betting odds is not as easy to compare or review. As such, figuring out which Formula 1 betting offers are better than others takes an inordinate amount of digging, reviewing, and comparing. Thankfully, Betting Fellow is here to do the work so you don’t have to.
To get the best idea of what exactly we’re looking for, let’s compare Formula One betting to, say, football betting. For better or worse, football is the unofficial benchmark for the quality of online sportsbooks. It's usually what sports people look at when comparing odds, and it's usually what bookies place front-and-centre for advertising. If your interests lie somewhere else, however, this practice can have misleading results.
It’s relatively unknown just how different a sportsbook’s offer can depend on the sport in question. For example, bookmaker margins vary across betting categories, which directly impacts the quality of betting odds in a big way. Betting promotions quite often have clauses limiting the sports they can be applied to. Even maximum payouts vary by sport, league, and even event.
All of this presents a bit of an issue if you’re a fan of relatively niche sports such as Formula One. It’s quite easy to get roped into new betting sites only to see that the reasons you joined in the first place do not apply to your favourite sport. That is why this list of top Formula One betting sites will look at F1 bets above all else. Of course, we’re still expecting a solid foundation every top sportsbook requires – building blocks such as trustworthiness, security, and an overall well-constructed website. But these short bookmaker ratings will approach each site out there purely from the perspective of a Formula One fan to bring you the best ones you can sign up for today.
Before we begin, though, a short disclaimer: this list is not presented in any particular order. Each of these sites has a set of pros and cons, and each is intended for a different kind of punter. As such, the first thing you need to do is think long and hard about your priorities when it comes to bookmakers. We'll do our best to highlight each entry's set of strengths so that you can make an educated decision while signing up. Still – all of these are solid choices at the very least, so you don't have to worry about making a big mistake either. If you need some help getting into Formula One online betting, we’ll point you to Betting Fellow’s F1 betting guide.
When making our top bookie lists, we always like to start with a "safe" choice or two. These are supposed to be sites you can comfortably sign up for even if you're not sure about what you're looking for yet. As a rule of thumb, these are large, well-established gambling brands with no particular leanings or specialisations. Think of it as a general-purpose bookmaker which you almost certainly won’t regret registering at. That way, even if your interests expand beyond Formula betting in the future, you still have a great bookie to work with.
In this case, we chose to go for Ladbrokes, and we had plenty of reasons. First of all, this bookmaker checks all of the boxes mentioned above – it’s a reputable top-rated online bookmaker with more than a century of tradition. Ladbrokes is a household name at this point, and we don’t feel the need to talk too much about such general characteristics.
What is worth mentioning, however, is how Ladbrokes handles their motorsports betting section. First of all, this site boasts a dedicated F1 betting page, which means it’s easy to scroll through different opportunities and selections (a lot of sites just lump F1 in with other motorsports.) Still, if you’re interested in related events such as Formula 2, 3, or even Formula E, you can find them on Ladbrokes.
Grand Prix events often feature more than 26 different markets. These can range from the classic Podium Finish options to things like Number of Classified Finishers and Winning Margin. The average bookmaker margin on F1 offers is around 4.9%. Such odds won’t be dropping any jaws any time soon, but it’s more than decent relative to what the industry usually has in store for Formula fans.
- Minimum Deposit: £5 or $10
- Maximum Withdrawal: £36,000 with Visa, £55,000 with Mastercard, £10,000 with PayPal, unlimited for select methods
- Banking methods: Visa, Mastercard, PayPal, Skrill, Neteller, Sofort, Paysafecard, GiroPay, Trustly, bank wire transfers
- Customer Support: 24/7 live chat, e-mail, phone, social media
- Welcome Bonus: £50 in free bets after the first bet of £10 or more
Our American readers are bound to run into more problems when it comes to picking the right bookie than anyone else. US gambling laws being what they are, the American online betting scene is almost completely separate from the rest of the world, and the list of available brands and bookies is a wholly different one.
In many regards, this entry into our list is the same as Ladbrokes. SportsBetting.ag has one distinct difference, though: it welcomes American punters. The same basic principles apply, though – this is an excellent bookie overall, and easily one of the best F1 betting sites in the US.
BetOnline.ag is a proud member of a respected family of American online sportsbooks. Their greatest advantage to similar companies is the huge variety of banking options usually unavailable to US residents. Their sportsbook bonuses are also far above average, which makes this bookie very attractive to new players.
When it comes to Formula One wagering specifically, though, BetOnline.ag might surprise you. We were sceptical at first, seeing how F1 offers were tucked away in the "other sports" section of the sportsbook, but the numbers spoke for themselves. The odds here are overall competitive, but nothing to write home about (which might be a general theme when it comes to Formula One betting odds, unfortunately.)
Still, with more than 20 markets on Grand Prix events and various applicable promotions and bonuses, there’s plenty to like about BetOnline. Indeed, this may be the best home for F1 betting in the USA by a large margin, even if that’s merely the result of limited competition compared to Europe.
- Minimum Deposit: $10. $50 for credit cards
- Maximum Withdrawal: $9,900 for most methods, $25,000 for wire transfers, and $100,000 for Bitcoin withdrawals
- Banking methods: Visa, Mastercard, Person to Person, MoneyOrders, Skrill, Neteller, bank wire transfers, cashiers checks, cryptocurrencies. Credit and Debit card withdrawals are not available to US customers
- Customer Support: 24/7 live chat, e-mail, telephone
- Welcome Bonus: 50%first deposit bonus up to $2500 in free bets
When it comes to massive, worldwide gambling brands, punters today enjoy more freedom of choice than ever before. However, few of these top betting companies give as much attention to F1 wagering as Betway does. Their business philosophy is simple: if you’re not going to do it right, don’t do it at all. Such an approach does have downsides, though, and F1 is pretty much the only motorsport Betway covers as far as we can tell. This means that you won’t be able to get into Formula 2 betting during the off-season, for example. We all know that Formula events are in rather short supply, so this state of affairs severely limits your options.
However, where other sites would have given F1 little but lip service with a few basic markets and mediocre odds, Betway decided to go all in. The selection of markets for the average F1 Grand Prix trumps anything else you might be able to find these days. For instance, you can wager on a Double Podium Finish and predict that a team will have multiple drivers in the top 3 spots.
This point is further emphasized by the Bet Your Way feature which allows players to create their wagers by combining different markets.
The odds provided on these markets are nothing to scoff at either, keeping up with the overall Betway standard of quality. Overall, Betway is a great option if you’re looking for a laser-focused F1 betting experience. Beyond that, Betway boasts several quality-of-life improvements that all combine into a top-notch site for almost everyone.
- Minimum Deposit:£5 for all methods
- Maximum Withdrawal: £100,000 for most methods, bank wire withdrawals are limitless
- Banking methods: Bank Wire, Cheque, MasterCard, Neteller, PayPal, Skrill, Entropay
- Customer Support: live chat, phone, or e-mail
- Welcome Bonus: 100% first deposit bonus up to £200 in free bets
This one surprised us as much as everyone else, seeing how Paddy Power is advertised and promoted. While we were making this list and the one for MotoGP betting, we quickly concluded that this is one of the best betting sites for motorsports. At least if we’re only looking at trusted huge brands, that is.
You might be asking why at this point, and the answer is simple. Low margins, great odds. It’s as easy as that, really – most serious punters prioritize great odds above all else. While it’s true that odds are the primary concern if you want to profit from Formula 1 betting, Paddy Power comes with all the amenities a bookie of this size and renown has to offer. These include top-notch customer service, excellent design and utility, and a whole host of features and functionalities reserved for only the best of the best.
The more closely you look at what Paddy Power has to offer, the more benefits you see for the average motorsports fan. For instance, the variety of markets and deals is enough to warrant a recommendation. Still, you can find the same markets on other sites and be satisfied. The odds, however, are this bookie’s biggest advantage.
In terms of disadvantages, live F1 betting is the biggest one worth mentioning. Don't get us wrong, the in-play betting section will easily satisfy 90% of players. However, not all pre-race options are available as a live offer, and the markets aren't nearly as varied. All in all, things aren't that bad – we just feel bad that Paddy Power came so close to offering the complete package, only to stumble at this one aspect.
- Minimum Deposit: £5 for all methods
- Maximum Withdrawal: £2,500 daily if you’re using the Paddy Power Cash Card. Other options are unlimited
- Banking methods: Credit/Debit cards, Bank Transfer, Neteller, Paypal, Paysafecard, Skrill, Moneybookers, Cash Card, Cash Card PPlus
- Customer Support: live chat, e-mail, phone
- Welcome Bonus: £20 in free bets after the first deposit of £10 or more
Betting Fellow is a website dedicated to punters who are willing to take the extra time to focus on finding betting value. And if we’re talking about value and serious punters and betting value, we have to talk about Betfair.
To the uninitiated, Betfair is a betting exchange rather than a regular fixed-odds bookmaker. That means that it works as a platform for players to wager against each other. You can find more details about how it all works here, but the main takeaway is that exchanges make profits through commissions rather than a bookmaker margin. This means that you can effectively get more value out of Betfair than any other bookie you may be used to. The lack of overround results in the best Formula One betting odds on the market by a considerable margin.
The main issue with this approach to online sports betting is that niche sports are often left out. If there aren’t enough players to “lay” their bets and create opportunities for others, the economy that exchanges rely on starts to crumble. As a result, only F1 wagers can be made using Betfair.
On one hand, the odds (and thus profits) you can get on Betfair depend entirely on other players and your ability to beat them. This isn’t a problem for, say, football, because there are so many offers posted by the minute that you can just keep looking for better ones. As we all know, F1 has a very limited selection of events each season, which can make this process a bit slower.
On the other hand, the relatively small number of separate events means that each of them has plenty of different offers updated by the minute. As such, our advice for using Betfair for Formula One betting is to have a lot of patience and observe how the odds change before committing to a bet.
All in all, Betfair is difficult to compare to the other bookies on this list because of the wholly different kind of service it offers. If betting exchanges sound like your kind of thing, though, Betfair is the best at what it does.
- Minimum Deposit: £5
- Maximum Withdrawal:£5000 for Visa, £20,000 for other cards and Skrill, £100,000 for transfers
- Banking methods:Credit/debit cards, Bank Wire transfers, Cheque, Skrill, Neteller, PayPal
- Customer Support: live chat, e-mail, phone
- Welcome Bonus: up to £100 in free bets
What makes a sportsbook good for Formula One betting?
Firstly, we have to point out that this list is not necessarily complete. There are plenty of betting sites in 2020 which offer great terms when it comes to making F1 bets. William Hill and Bet365 would, for example, be honourable mentions. Still, there is a difference between being just an excellent sportsbook and being a top site for Formula betting.
With that in mind, matters like reputation and reliability are a given for all the entries on this list. What we tried to do is look at F1 betting offers specifically and take note when a website does something better than everyone else. This is the main reason why this list is so short – we tried to bring you the very best, and these are the results.
As such, the main considerations are the availability of F1 events (F2, F3, and Fe events are a bonus), the depth of markets for those events, and the offered odds. As a second-tier priority, we also looked at in-play Formula One betting and any bonuses and promotions which might be specific to motorsports.
While this list will be more than helpful to seasoned veterans, we would like to point out that F1 betting beginners will be able to benefit the most. Picking one of these sites as your starting point will make sure you get off on the right foot. Moreover, you can find some of the best F1 betting tips right here on Betting Fellow, so you can start winning as soon as you register.