Formula 1 Betting Guide

Table of Contents

Formula 1 Betting Guide

Author: American Gambler Staff | Last Updated: May 3, 2023

Formula 1 Betting Guide – How to Bet on Formula 1

When it comes to motor racing, it doesn't get any bigger than Formula 1. While NASCAR is still the biggest in the US, F1 is gaining popularity and is still by far the most popular worldwide. Formula 1 betting can be done from any of the online sportsbooks on our site.

F1 betting odds are posted on all of the top betting apps. There are many options for ways you can bet, which we will discuss on this page.

Where to Bet on Formula 1

If you are in a legal sports betting state, you can bet on F1 from a betting app. Below, we have the top Formula 1 betting apps to use for the races.

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First, take advantage of our promo codes and sign up bonuses to get started. These are risk-free bets, deposit matches, and other welcome promotions that new customers can claim when registering for an account.

How does Formula 1 work?

There are 10 teams in Formula one, with each team having two drivers. Throughout the season, these drivers compete to generate as many points as possible. The leader will win the F1 World Championship, which was created back in 1950.

Position -> Points Scored

1st = 25

2nd = 18

3rd = 15

4th = 12

5th = 10

6th = 8

7th = 6

8th = 4

9th = 2

10th = 1

11-20th = 0

The number of races has increased throughout the years. In 2022, there were 23 circuits that took place in 22 different countries. Qualifying races start the weekend. This determines the starting positions on the grid for the race.

Formula 1 cars cost millions of dollars and are equipped with hard or soft tires based on the condition of the course. Soft tires are the fastest, but usually require more pit stops during the race.

There are also F2 races. It is for drivers that are trying to make it to the main F1 circuit.

The Teams

  • Red Bull Racing
  • Ferrari
  • Mercedes
  • McLaren
  • Alpine
  • Alfa Romeo
  • AlphaTauri
  • Aston Martin
  • Haas F1 Team
  • Williams

Schedule for 2022

Date – Race – Country

March 20 – Bahrain Grand Prix – Bahrain

March 27 – Saudi Arabian Grand Prix – Saudi Arabia

April 10 – Australian Grand Prix – Australia

April 24 – Emilia Romagna Grand Prix – Italy

May 8 – Miami Grand Prix – USA

May 22 – Spanish Grand Prix – Spain

May 29 – Monaco Grand Prix – Monaco

June 12 – Azerbaijan Grand Prix – Azerbaijan

June 19 – Canadian Grand Prix – Canada

July 3 – British Grand Prix – United Kingdom

July 10 – Austrian Grand Prix – Austria

July 24 – French Grand Prix – France

July 31 – Hungarian Grand Prix – Hungary

Aug. 28 – Belgian Grand Prix – Belgium

Sept. 4 – Dutch Grand Prix – Netherlands

Sept. 11 – Italian Grand Prix – Italy

Oct. 2 – Singapore Grand Prix – Singapore

Oct. 9 – Japanese Grand Prix – Japan

Oct. 23 – United States Grand Prix – USA

Oct. 30 – Mexico City Grand Prix – Mexico

Nov. 13 – Sao Paulo Grand Prix – Brazil

Nov. 20 – Abu Dhabi Grand Prix – UAE

How to Bet on Formula 1

First, sign up for one of the F1 betting sites we have on this page. You can use the promo code and welcome bonus to get started. Each one has odds for every Formula 1 race.

Here are all the different ways you can bet on F1.

Outright Winner

The most popular wager for Formula 1 betting is the outright winner. Each driver and team will have odds to win the race.

Some of the favorites, such as Lewis Hamilton, may have odds of +120. Other drivers may have odds as long as +500 or more.

Podium Finish

Betting on a podium finish is a safer bet. You're placing a wager that a driver will come in either first, second, or third.

The winning amount is set. So, you will get paid the same amount of money regardless is your pick finishes 1st or 3rd.


Sportsbooks will show two drivers, and you can bet on which driver you believe will finish in a better position. These two drivers can even be on the same team.

F1 Prop Bets

Like many sports, prop bets for Formula 1 are extremely fun and creative. The best Formula 1 betting sites will have a wide range of prop bets to choose from.

F1 prop bets can include:

  • What country will the winning rider be from?
  • What will be the winning margin by time?
  • Will there be a safety car period?
  • How long is the fastest lap?


There are qualifying races before the main circuit. There are three stages to qualifying, which will determine where the drivers start on the gird.

You can bet on each round. This will also be a great way to get a feel for who is going to do well in the race.

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At any point during the F1 season, there will be odds for the driver's and constructors championship. You can bet on a certain driver or team to win by accumulating the most points throughout the year.

The best odds will be before the season begins. Then, the odds will change based on the results of each race.

If you have a futures bet going that is in contention during the last couple of races, it can be a great opportunity to hedge your wager.

Live Betting on F1

If you are trying to find where to bet on Formula 1, don't forget about live betting. Some sites are better than others when it comes to live odds and features.

We love to see live streaming and plenty of live betting options, which you will find with the sportsbooks on this page.

As you watch the race, you will be able to place bets on the teams and drivers. Be sure to take a look at the pit stops and listen to the expert analysis during the race.

F1 Betting Tips & Strategies

There are F1 betting strategies to keep in mind if you are planning to wager on a race. Use these tips to give yourself the best chance of making money!

1.     Check the Weather

It can be easy to overlook the importance of the weather, but do not mistake the importance of the condition of the track. Teams will choose certain tires based on the weather. A rainy and wet surface can create more hazardous conditions.

2.     Watch Qualifying

Qualifying will give you a great chance at seeing who are the most consistent and comfortable drivers heading into the race. Even if you aren't going to bet on qualifying, it's smart to watch it.

3.     Use Live Betting to Hedge

If you make a pre-race wager, you will be able to hedge that bet with live betting, which is just one of many F1 betting tips you can use with in-race odds. If pre-race wager is looking bad, this gives you the chance to offset your losses.

4.     Take Note of Pole Position

Poll position is not an end-all-be-all, but it is still a good sign at who will be leading during the race. The pole position driver will have a great shot at winning, but that doesn't mean you should give up a lot of value with their odds.

5.     Manage Your Budget

Use responsible gambling tools on F1 betting sites to control how much you are spending. It can be easy to get carried away and bet too much, especially with live betting. It's one of the most important F1 betting strategies to keep in mind.

Former Formula 1 World Championship Winners since 2000

2021: Max Verstappen – Red Bull

2020: Lewis Hamilton – Mercedes

2019: Lewis Hamilton – Mercedes

2018: Lewis Hamilton – Mercedes

2017: Lewis Hamilton – Mercedes

2016: Nico Rosberg – Mercedes

2015: Lewis Hamilton – Mercedes

2014: Lewis Hamilton – Mercedes

2013: Sebastian Vettel – Red Bull

2012: Sebastian Vettel – Red Bull

2011: Sebastian Vettel – Red Bull

2010: Sebastian Vettel – Red Bull

2009: Jenson Button – Brawn

2008: Lewis Hamilton – McLaren

2007: Kimi Räikkönen – Ferrari

2006: Fernando Alonso – Renault

2005: Fernando Alonso – Renault

2004: Michael Schumacher – Ferrari

2003: Michael Schumacher – Ferrari

2002: Michael Schumacher – Ferrari

2001: Michael Schumacher – Ferrari

2000: Michael Schumacher – Ferrari

Formula 1 Betting Bonuses & Promos

After you claim the sign up bonus, there will be other Formula 1 betting bonuses and promotions. Since these races are getting more popular in the US, sportsbooks will provide additional bonuses and risk-free bets.

Plus, most F1 betting sites have loyalty programs. You will be able to gain points and rewards for every race you wager on!

We recommend downloading multiple Formula 1 betting apps to shop around for the best odds and promotions before the race. Check the promotions page on the app to see if anything is offered for F1.

Formula 1 Betting Guide FAQs

Common questions about F1 betting.

Can you bet on Formula 1?

Yes. The betting apps on this page will have odds for Formula 1. If you are in a state that allows for online betting, you can sign up and claim a welcome bonus.

How do F1 bets work?

There are several bets you can make during an F1 race. There will be Formula 1 betting odds for outright winner, podium finish, and many more props.

How do you bet on Formula 1 racing?

Formula 1 betting can be done from any of the sportsbooks on our page, such as Caesars Sportsbook. You have to be in a legal sports betting state to use these apps.

Can you live bet F1?

The best Formula 1 betting sites will have live betting for the races. Check out our F1 betting strategies to learn the best ways to live bet Formula 1.

American Gambler Staff