The Best Formula 1 Betting Sites in 2020

Are you on the prowl for a sports betting site to place Formula 1 bets? If
so, then you’ve ended up in the right spot since we’ve built this page
specifically for folks like you. By the time you wrap up reading this page,
you’ll find yourself much more informed on Formula 1 betting sites so that you
can discover the one that’s right for you.

Our in-depth guide to F1 betting sites is jam-packed with information. Our
goal here is to help you find the best online sportsbook for all of your F1
betting needs. Up first, we’ll kick things off with our list of top recommended
sites. Then, we’ll provide you with color on everything that went into us
selecting those sites. After that, we’ll discuss some of the most popular F1
wagers. Finally, we’ll close things out with sections on additional resources
along with some frequently asked questions.

Some of you are probably ready to get started right this second with online
Formula 1 betting. If that’s the case and you don’t already have an online
sports betting home, then be sure to check out the list below of our top picks
for Formula 1 betting sites. We’ve personally hand-selected these websites based
on a stringent list of criteria. By choosing any one of these sites below,
you’ll be working with one of the best websites in the online sportsbook realm.
To learn more about why we’ve chosen these sites out of all the options out
there, don’t miss the next section below about our recommendations.

Rank Gambling Site Deposit Bonus Get Started
#1 [LOGO_ALT]
Bovada Sports
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#2 [LOGO_ALT]
BetOnline Sports
50% Up To $1,000 Visit Site  
#3 [LOGO_ALT]
MyBookie
50% Up To $1,000 Visit Site  
#4 [LOGO_ALT]
BetNow
50% Up To $1,000 Visit Site  
#5 [LOGO_ALT]
Intertops
100% Up To $500 Visit Site  

We’ve got lots more below for those of you looking to get more information
before selecting a site. As you continue reading below, we’ll provide you with
information on our selection process, top Formula 1 wagers, and loads of
additional resources to help you learn more about betting on Formula 1 and
general sports betting.

About Our Recommendations

Most likely, you’ve checked out several pages like ours in the search for
recommended Formula 1 betting sites. While we’re a bit biased, we do think that
we do it better than anyone else. In this section, we’ll give you a look behind
the curtain on how we choose the sites that we think are the best for your
Formula 1 betting. As you’ll see below, we put potential sites through an
extensive analysis to help us determine if they’re good enough to earn a spot on
our list of recommendations.

You should also know that we don’t ever accept payment from sites for them to
buy their way into our recommendations. Unlike some websites out there that take
payments from these sites for glowing reviews and recommendations, we remain
independent so that we can always tell it to you exactly like it is. We’re here
to help you find the absolute best site for your online Formula 1 betting. By
not accepting payments from these sports betting sites, we’re able to give you
an honest opinion of which sites genuinely are the best out there.

When we’re evaluating a sports betting site, we always consider ten different
essential aspects. To help you visualize what all we consider, we’ve crafted the
infographic below. In it, you can get a good understanding of the ten things we
look at for every site we come across. To get even more detail on one of our
criteria, you can click on the infographic to jump down and see what exactly we
seek to make a site one of the top ones in the industry.


Security & Safety
We’ll only ever recommend sites that we know can be trusted.

Security & Safety
Nobody likes a sketchy site! We’ll only ever recommend sites that we know can be trusted.


Reputation & History
A good track record says alot about the quality of a site.

Reputation & History
We spot-check the track record and history for each one of our suggested sites.


Banking Options
There should be a number of methods for getting your funds online.

Banking Options
We only recommend sites with broad deposit and withdrawal banking options.


Ease of Use
Sites that are well designed and easy to use provide a much better experience.

Ease of Use
Our suggested sites are all easy for you to navigate and utilize.


Coverage of Formula 1 Wagers
Having choices in wagers allows for more excting betting options.

Coverage of Formula 1 Wagers
It’s critical that our recommended sites have a broad coverage of Formula 1 wagers.


Bonuses & Rewards
We all appreciate getting some extra value, so these are a must.

Bonuses & Rewards
Our suggested sites all offer you the opportunity to earn loads of bonus cash.


Withdrawal Speeds
If we win some money, we shouldn’t have to wait long for our cashout.

Withdrawal Speeds
You won’t have to wait forever to get your money from our top picks.


Quality Customer Service
Good customer support enhances user experience.

Quality Customer Service
Receive top-notch customer service from some of the best in the industry.


Mobile Compatibility
It’s the future. Sites, and their associated software, should really be mobile compatible.

Mobile Compatibility
Take advantage of the convenience of playing from your phone on these sites.


Competitive Lines
Everyone wants an increase in profits, so we suggest sites with the most competitive lines.

Competitive Lines
Our suggested sites all offer some of the most competitive lines in the industry to help you increase your profits.

Coverage of Formula 1 Wagers

For a site to make our list of recommendations for the top Formula 1 betting
sites, it must have an excellent selection of Formula 1 wagers. Instead of you
needing to use more than one sports betting site to find all of the bets you
want to place, our goal is to help you find a one-stop shop that will have
everything you need in one location. If you choose to wager on any of our
suggested sites above, you’ll find some of the best Formula 1 wager options in
the industry. Be sure to check them out and see for yourself just how broad
their Formula 1 betting options are.

Competitive Lines

When you’re doing your Formula 1 betting, you should always aim to do it on a
site that tends to offer competitive lines. While many folks assume that all
lines are created equal at online sportsbooks, this is not always the case.
Lucky for you, we’ve scrubbed the majority of online sportsbooks and gathered up
the best of the best when it comes to line competitiveness. By using any one of
our suggested sites listed above, you’ll be sure that you’re getting yourself
some of the best lines in the industry. In turn, that means you’ll score more
profit when you correctly pick your wagers.

Safety and Security

Another important thing to us is that we only bring you sites that are some
of the most secure ones out there. Since you’ll be wagering real money, we want
to know that your funds are safe. Along those same lines, it’s critical that
your private information, such as your home address, is secure and protected. If
you decide to sign up with any of the sites above, you’ll be working with some
of the best websites in the industry from a safety and security standpoint,
which will allow you to rest easy knowing that your information and cash is
safe.

Reputation and History

Unfortunately, not all online sportsbooks have the best reputation and
history. However, without spending hours of time doing research, it can be hard
to separate the good sites from the ones that are questionable. Our staff has
spent lots of time researching the reputation and history of all websites that
we were considering for a recommendation. If they came across anything that was
concerning, then the site didn’t make the cut for our list of top sites. By
choosing any one of our suggested websites, you’ll be wagering on a site with an
excellent reputation in the industry, which will grant you peace of mind.

Banking Options

Before you can make your first real money wager online, you have to move
funds onto the site of your choice. Unfortunately, this is sometimes easier said
than done on some of the sports betting sites out there. If a website has a
limited number of deposit banking options, you may struggle to find a method
that works for your banking needs, which will make it tough for you to get money
on the site. Luckily, we’ve selected sites with broad deposit banking methods so
that you’ll have an easy time moving cash on and off of the site.

We also take into consideration the withdrawal banking options each site
offers. Here, we look for online sportsbooks that bring a vast assortment of
withdrawal banking methods. Similar to the deposit methods, the more options
provided means that you’ll have an easier time getting your funds off of the
site. By choosing one of our websites recommended above, you’ll find some of the
best sets of withdrawal options that we’ve come across.

Ease of Use

Something else that we personally test out is the ease of use for any sports
betting site we’re considering for a recommendation. It’s critical to us that a
website provides their clients with a great user interface that makes it simple
to navigate and utilize the website. When you’re doing your Formula 1 betting,
you don’t want to waste your time struggling to get around on the site. By
choosing any one of our suggested sites above, you’ll be working on a site
that’s easy to use, which will allow you to place your Formula 1 wagers quickly
and without any hassle.

Bonuses and Promotions

Almost every online sportsbook out there today offers some form of bonuses
and promotions. However, all things are not created equal across all of these
sports betting sites when it comes to the quantity of the bonus offers or the
quality of them. We’ve hand-selected our top picks above to make sure that they
all offer some of the best bonuses in the industry, which will allow you the
chance to earn plenty of bonus cash while your do your Formula 1 betting.

Withdrawal Speeds

Along with a site offering plentiful withdrawal banking methods, we also
check the speed at which the sites process their withdrawals. In the online
sportsbook world, there is a vast array of different speeds at which withdrawals
are processed. Some websites always handle things super-fast, while others can
take an eternity to get you your money. We’ve made sure that all of the
suggested sites above offer some of the best withdrawal speeds found in the
industry so that you won’t be waiting long to get your cash back.

Quality Customer Service

This next one is something that many folks mistakenly overlook. When
searching for a sports betting site for all of your Formula 1 wagers, it’s
essential that you work with one that provides you with excellent customer
service. While we all hope that it’s always smooth sailing, issues and questions
can arise. It’s in these cases that you’ll want to have a great team there to
help you.

We’ve personally tested out the support on each one of the site’s listed
above. If we didn’t receive top-notch service from their team, they didn’t make
the list. By choosing to wager on one of our recommended sites, you’ll have
multiple ways to contact their team, and you’ll get some of the best support
available in the online sportsbook realm. Should you have a reason to contact
their team, we’re confident that you’ll get the support you deserve.

Mobile Compatibility

The final thing that we investigate is a sports betting site’s mobile
compatibility. Here, we check out how friendly their website is for use on
mobile devices like a smartphone. In today’s age, more and more people are using
their mobile devices to place their sports wagers. It’s for this reason that we
want to make sure a site has a great mobile version. All of the suggested
websites listed above have some of the best mobile-friendly sites in the
industry. That means that you’ll be able to quickly search for and place all of
your Formula 1 wagers from your phone or tablet.

Popular Formula 1 Bets

Up next, we wanted to give you a high-level overview of some of the most
popular bets that folks make on Formula 1 action. For those of you that are
newbies to the Formula 1 betting world, this will be an excellent introduction
for you. If you’re a more experienced Formula 1 bettor, then this section can
help you brush up on some of the basics while also potentially introducing you
to some other wagers that you might not have tried yet.

Race Winner Bets

The most popular Formula 1 wager is the race winner bet. With this wager, you
only need to select the driver that you think will win the race. You’re able to
choose from any driver in the race field. If you’re able to select the correct
driver, then you’ll win your wager! This is a great one for beginners as it’s
not too complicated.

Driver Matchup Bets

For this bet type, sportsbooks will post different driver matchup pairs. If
you decide to place this type of wager, then you’ll select which of the two
drivers you think will finish better in the race. What’s fantastic about this
wager is that your selected driver doesn’t have to actually win the race; they
just have to finish ahead of the other driver. If you’re able to pick the right
driver from the two options, then you’ll win the bet.

Here’s a sample: for an upcoming F1 race, a sports betting site might list a
matchup of Driver A versus Driver B. If you select Driver B, then that means
that you’ll win the wager as long as Driver B finishes the race ahead of Driver
A. However, if Driver A finishes better than Driver B, you’ll lose your bet and
your stake.

Podium Bets

Another fun way to bet on Formula 1 is to utilize the podium bet. Here,
you’re placing a bet on a driver finishing in the top three positions. As long
as your selected driver finishes in the top three spots, then you’ll win your
bet. What’s incredible with this bet type is that it’s not quite as risky as the
race winner bet since your selected driver can finish in the top three as
opposed to the top spot only. This is another excellent wager for beginners to
use to ease their way into F1 betting.

Top 6 Finish Bets

Building off of the podium bet, many sportsbooks also offer a Top 6 Finish
bet. This wager adds in an additional three spots to the podium bet. Therefore,
if you make this type of bet, you’ll be picking a driver that you think will
finish the race in the top six spots. To win this bet, your chosen driver will
need to complete the race in the top six positions.

Pole Position Bets

Before an F1 race, one of the wagers that you can make is the pole position
bet. Here, you’ll be betting on the driver that you think is most likely to earn
the pole position. After qualifying is done, if your driver has the best
qualifying time and makes the pole position spot, then you’ll win your bet. This
is another excellent wager for beginners to consider using, as it is
straightforward.

Winning Margin Bets

Another F1 betting option is on the winning margin of the race. The winning
margin is the time difference between the first two finishers of the race. With
this type of wager, you’ll bet on how much time you think will be between the
first and second finishers of the race. Often, sportsbooks will allow you to bet
on different bucks of time such as “between 6.0 and 8.9 seconds.” In other
cases, you can make this type of bet as an over/under wager. Here, the
sportsbooks will post a time that they think the winning margin will be, and
you’ll then decide if you believe that the actual time difference will be over
or under that time.

Futures Bets

As is typical with many other sports out there, many sportsbooks offer
futures wagers on Formula 1 action. With this type of bet, you’ll be betting on
a future outcome that is often months or weeks away. Most commonly with F1,
you’ll be betting on the winner of big championships such as the F1 Drivers
Championship before the season starts. For example, you might bet before the F1
season kicks off about which driver you think will win one of the championships.
You’ll win your bet if you correctly pick the right driver.

If you’re new to sports betting, then there is something you should take into
consideration before making a futures bet. Because you’re betting on a future
outcome that can be months away, placing this type of bet can freeze a portion
of your bankroll for an extended period of time. When you make this bet, the
sportsbook will take your stake. Unlike most sports bets that happen quickly
after placing your wager, you won’t see your money back until the future event
occurs. Just be mindful of this so that you don’t tie up too much of your
betting bankroll in futures wagers.

Prop Betting

Finally, the last popular F1 bet type that we’ll discuss is the prop bet.
With prop bets in any sport, you’re able to end up betting on things that are a
bit different than your standard sports wager. To help you visualize F1 prop
bets, we’ve included some samples below:

  • Will there be more than three cautions flags during the race?
  • Which driver will lead the majority of laps during the race?

Prop bets will vary significantly between sportsbooks, so it’s always a good
idea to check out and see what your prop betting options are. Be sure to keep in
mind that many prop bets are very risky. Because of this, we don’t suggest that
beginning sports bettors dabble in prop bets until they have a good
understanding of how they work.

Additional Resources

We’ve built out this next section for folks that are yearning to learn more
about sports betting. No matter if you’re brand new to sports betting or if
you’re a seasoned veteran, we’ve got some resources and tools below that can
help you learn new things to apply to your betting action. This section is an
absolute must if you’re looking to maximize your knowledge on sports betting.

Beginner’s Guides to Sports Betting

If you’re the new kid on the block, then this section is just for you. We’ve
gathered up links below to two of our best resources for beginners. In the first
link, you’ll find our beginner’s guide to sports betting. Using this, you’ll get
an instant crash course on all of the pertinent things that you need to know
about betting on sports. Included on this page are terminology and basic
concepts of sports betting.

After you’ve reviewed that article, then head on over to our page dedicated
to getting started with sports betting. In this guide, we’ll talk you through
how to get out there and begin placing your first sports betting wagers. By the
time you finish reviewing the two pages below, you’ll be much more informed and
confident in your sports betting knowledge and understanding.

Sports Betting Essentials

Up next, we’ve got our page that’s dedicated to sports betting essentials.
This is an excellent spot for experienced sports bettors to get started. It’s
also suitable for those of you newer to sports betting that have reviewed the
beginner tools above. In this section, we’ll give you a deeper understanding of
some of the more advanced concepts and strategies of sports betting. It’s here
that you’ll really be able to elevate your sports betting game to new levels. To
view this page, click the link below.

Odds Converter

We’ve got another great resource for you in our odds converter page. Here,
you’ll be able to convert odds in any format into another form. This page is
great if you’re on a site that doesn’t display odds in your preferred format. By
using our free odds converter tool, you can quickly convert the odds into a form
that makes the most sense for you, which will help you make sure that you’re
getting the odds you desire before placing a wager. To utilize this excellent
resource, click the link below.

Alternative Sports Betting Sites

Understandably, you may be looking to bet on more than just Formula 1 racing.
If that’s the case, then be sure to check out the links below to some of our
other pages on different types of sports betting sites. We’ve provided links
below to pages on the best all-around sports betting sites (for all sports), the
best websites for betting using a mobile device, and the best websites for
betting on in-play action. Just click on the links below to gain more insight on
these alternative sports betting sites.

Conclusion

We hope that our guidance above has helped you to learn everything you wanted
to about Formula 1 betting sites and more. Hopefully, you can use this
information to find the perfect online sportsbook for your needs. In addition,
you should now be more equipped with sports betting knowledge. Our website is
filled with tons of other helpful pages related to gambling just like this one.
We’re here to be your one-stop resource to up your gambling skill set. Be sure
to bookmark our page so that you can come back and continue to expand your
knowledge. Thanks for reading, and best of luck in your future sports betting
wagers!

Frequently Asked Questions

To close things out, we’ve included some questions below that we receive
frequently relating to Formula 1 betting sites. If you still have questions at
this point, then hopefully these will help you to find the answers you need. To
view the answer to one of the questions below, click on the question, and the
answer will appear.

Will I find a more extensive variety of Formula 1 wagers online or in my
local brick-and-mortar sportsbook?

In general, most online sportsbooks have a more extensive selection of wagers
on Formula 1 than you’d find in your local brick-and-mortar sportsbook. The same
is true for virtually every sport out there. If you’d like to get a taste for
what you can expect, then don’t forget to check out the Formula 1 betting
options available on our top suggested sites at the beginning of this page.

How fast can I begin betting online on Formula 1 action?

If you’re itching to get started immediately, then you can be up and running
in betting online in less than 10 minutes in many cases. The thing that takes
most people the most amount of time is finding a site that they want to bet on.
If you don’t already have a website in mind, and you’re in a rush to start now,
then don’t miss out on our top picks at the top of this page. By choosing any
one of those sites, you’ll be working with one of the best sports betting sites
in the industry.

Once you’ve identified the best site for your needs, then you simply need to
open an account there. Based on our experience, you should be able to open an
account on one of these sites within 5 minutes or so. Often, you’ll need to
provide them with some necessary information like your name, email address, and
home address.

Finally, your last step is to fund your account so that you can wager with
real money. To accomplish this, you’ll use one of the banking methods offered by
the site of your choice. In many cases, you’ll find popular options like Visa,
Skrill, and PayPal in the list of possibilities. As long as you use an instant
payment method like those samples just listed, you should have money in your
account within minutes of initiating the transfer. Then, you’ll be ready to
begin placing your Formula 1 bets!

Should I utilize more than one sports betting site?

If you’re a regular reader of our site, then you probably know that we like
using more than one sports betting site whenever possible. The reason for this
is straightforward. By using more than one betting site, we’re then able to shop
our wagers to find the absolute best lines. Over time, this helps us make a
little more money on our bets that we pick correctly.

Now, if you’re new to online sports betting or just betting in general, this
is a practice that you may want to save for a later date. We don’t suggest
trying to use more than one sports betting site until you’re comfortable with
using just one. However, if you’re ready to try this out at a later date, we’d
highly suggest it so that you can make sure you’re always getting the best lines
on your bets.