Formula 1 Betting Guide

One of the most well-known international racing competitions globally is Formula One. F1 is a series of races worldwide on circuits and closed roads. These highly engineered Formula One cars are the fastest in the world.

Guide To F1 Betting

Before placing a bet on Formula One, fans should be aware of some general principles when betting on sports. Some specific factors apply to F1 betting only, and it is best to research and be well-informed about the race before placing a bet.

Betting is about a combination of luck and strategy. Analyze the drivers and their performance before the race, and Research the driver's strengths and weaknesses. Weather forecast is also a crucial factor when analyzing conditions. The characteristics of a track can be an advantage or disadvantage for a team, as some drivers take advantage of how it is laid out.

Selecting a great sportsbook that offers generous odds is also essential. A bettor can do this by scrutinizing all the available sites to find the one with the best odds. This betting method is called line shopping and can help a bettor maximize winnings.

Try to find a sportsbook with live streaming and live betting that offers all the possible bets fans can make on Formula 1 races. No particular Grand Prix championship race is more important than the others, and each one is equally important and exciting to watch.

How To Bet On The F1

With the increasing popularity of live betting, bettors now have a more comprehensive range of bets to choose from. Some of them are outright betting, match-up, podium finish, fastest lap, prop bets, etc.

Fans bet mostly on which driver will win the race, meaning that outright betting is the most popular, and all sportsbooks with Formula One betting undoubtedly offer it.

Bettors need to understand racing strategies, and detailed research is required to master them. Timing is critical in race sports, so live betting is exciting and gives bettors higher chances to win. Because racing is a relatively small sport in the US compared to others, many sportsbooks don't offer a variety of betting types, but it is still possible to find one that provides all of them.

The wagering options you can find on online sportsbook websites are pretty much always available on any F1 betting app. So, try not to miss significant events like Miami, Monaco, and the United Kingdom Grand Prix in Silverstone, as they are colossal betting days.

You can easily check the complete racing schedule from Formula 1's website. The 2022 season consists of 22 races, so there are certainly lots of opportunities to wager on.

Step-by-step guide

Betting on Formula One races is just like betting on any other sport:

1. Players should pick a sportsbook that offers Formula One bets.

2. Create an account by providing the required information like email address, name, social security number, etc.

3. Make a deposit using any banking method.

4. Select the F1 race and the driver to bet on. Choose the bet type and the amount of money to bet on.

5. Click 'Place Bet.'

F1 Betting Types And Formats

Most Formula One betting sportsbooks offer these bets: Outright, fastest lap, and a podium finish. Our F1 betting guide will explain more about each of them, what they are and how to place the bet.

A match-up bet allows fans to pick a driver that will finish in the best position from a group of two to six drivers. Some sportsbooks have even started to present new features like prop bets. They may offer chances like 'Will a Safety Car Feature?' which lets fans bet on whether a safety car will appear during the race.

Accidents are more likely to occur on challenging tracks and wet tracks, so this might be a bet worth considering. Other prop bets may include 'What country will be the winner of the race from?', 'Which manufacturer will win?', and so on.

Outright Bets

This is the most common bet placed on Formula One races, and it is a bet on which F1 driver will win the race. If bettors want to maximize their earnings on this wager, they should place it before the championship starts.

Live betting is not always the best option for this type of bet, as, during the race, it becomes clearer who will win, so the odds will tend to be shorter. Usually, the drivers who are favorites have unfavorable odds. Conversely, drivers considered outsiders, with little chance of winning, will have positive odds.

Fastest lap bets

This is an excellent bet to use in-game while the race is on. The driver who sets up the fastest lap gets a championship point, and the stakes are high during the race.

Many factors affect which driver completes the fastest lap, and if bettors pay attention to them, they may win the bet. Pay attention to whose car tires are set up to race in certain weather conditions, and be attentive during the race's later stages. The fastest lap on F1 usually occurs after the cars have consumed a lot of fuel and are, therefore, lighter.

Podium finish bets

Another popular Formula One bet is the podium finish. For this type of bet, F1 fans must choose a driver they think will finish in the top three, and it doesn't matter what place the driver ends in.

If fans select a racer and he is in the top three, they win the bet. The odds on this kind of bet are lower than for outright bets, as there is a better chance of a driver finishing in the top three than winning the race outright. It is a popular bet among fans as it is hard to separate the drivers most of the time.

How To Make F1 In-Game Bets

Live betting is quite popular among fans of this sport. They can enjoy placing bets while the game is being played because it adds to the thrill of the occasion.

Formula One is a fast-paced sport where a lot can change in seconds, so many fans choose to bet live. A wrong strategy or a car problem can make the team lose their game, so watching it live helps fans make the right bet.

If bettors are attentive throughout the race and act fast, they can maximize the earnings before the performance changes the odds. Watching weather forecasts and noticing how the weather changes can also help make the correct prediction.

Many Formula 1 betting sites offer in-play betting, such as Betway Sports, Spin Sports, and 22Bet. All the above sportsbooks have phone apps and online sites where bettors can place in-game F1 bets.

Finding The Best F1 Betting Apps

When choosing a sportsbook to make Formula One bets, fans should watch out for more than just which site got the most competitive odds. Usually, bettors prefer sportsbook operators and betting apps with the highest odds, which is the correct choice, as experts recommend.

Bettors should also look out for a site and app with an excellent interface that is easy to use and provides a variety of transaction methods and speedy withdrawals. Also, do some research on how outstanding the customer service of a sportsbook is, which is a feature many bettors tend to overlook. If bettors have questions or face issues and the client support is not responsive, this can become a problem.

Fans should also search for a sportsbook with a wide range of F1 events. The bookie should also offer different types of Formula 1 bets for fans to make. Some of the best sites and apps for Formula One bets are BetUS, Bovada Sportsbook, and MyBookie.

There are also many other bookies but watch out for scams and sites operating without a license. If a bookie doesn't have an excellent reputation, has poor customer support, and doesn't have excellent mobile compatibility, it is better to look for another one.

F1 Online Betting Offers

Fans that bet on Formula One can also take advantage of promotions and bonuses that sportsbooks offer to their users. Most sportsbooks provide a risk-free bet or a match-up bonus as a welcome offer for users that sign up for the first time. Fans can use this type of offer in any sport, including F1.

Sign-up bonuses are just some of the offers available for bettors. In addition, they can still enjoy different rewards from the sportsbook if they keep playing. Many bookies offer small promotions every other week. For example, they can offer a Friday Reload, meaning if bettors deposit a certain amount during Friday, they get a deposit bonus or free bets.

Sometimes sportsbooks even organize bettors tournaments where fans can compete with each other. Such offers are vital for a sportsbook as bettors are not the only ones who gain from these promotions because bookies also gain loyal fans.

The best Formula One welcome bonuses

Bettors can find plenty of sportsbooks and betting apps that offer welcome bonuses for bets on Formula One. Caesars Sportsbook is offering up to $1100 in first-bet insurance. Bettors who want to take advantage of this offer and sign up for the first time on Caesars Sportsbook have to use the promo code BOOKIESCZR to activate the bonus for any F1 race.

Another well-known gambling operator, FanDuel Sportsbook, offers a generous welcome bonus consisting of a risk-free bet of up to $1000. And if bettors are more interested in a deposit bonus, they can sign up at DraftKings Sportsbook and get a 20% bonus up to $1000.