Formula 1 Betting Odds – Guide to the Best F1 Bookmakers

Formula 1 Betting Odds - Guide to the Best F1 BookmakersThe History of Formula One

Ever since motorised transport was invented, man has felt the urge to race. The desire for speed has endured for over a hundred years now and in the modern day, motor racing, in its many forms, is still reaching its peak.

The pinnacle of sport on wheels is Formula One where the fastest cars and the fastest drivers in the world go up against each other to see who is the quickest over a long and gruelling season. Motor racing increased in popularity during the 1920s and 1930s but after war intervened, the first official F1 season was held back until 1950.

Now is the perfect time to switch on to the sport with more races and greater drama than ever before. Whether you’re a spectator or a bettor, there’s much to enjoy about Formula One.

Race Calendar for 2020

  • 15 March 2020: Australian Grand Prix, Melbourne
  • 22 March 2020: Bahrain Grand Prix, Sakhir
  • 5 April 2020: Vietnam Grand Prix, Hanoi
  • 19 April 2020: Chinese Grand Prix, Shanghai
  • 3 May 2020: Netherlands Grand Prix, Zandvoort
  • 10 May 2020: Spanish Grand Prix, Barcelona
  • 24 May 2020: Monaco Grand Prix, Monaco
  • 7 June 2020: Azerbaijan Grand Prix, Baku
  • 14 June 2020: Canadian Grand Prix, Montreal
  • 28 June 2020: French Grand Prix, Le Castellet
  • 5 July 2020: Austrian Grand Prix, Spielberg
  • 19 July 2020: British Grand Prix, Silverstone
  • 2 August 2020: Hungarian Grand Prix, Budapest
  • 30 August 2020: Belgian Grand Prix, Spa-Francorchamps
  • 6 September 2020: Italian Grand Prix, Monza
  • 20 September 2020: Singapore Grand Prix, Singapore
  • 27 September 2020: Russian Grand Prix, Sochi
  • 11 October 2020: Japanese Grand Prix, Suzuka
  • 25 October 2020: United States Grand Prix, Austin
  • 1 November 2020: Mexican Grand Prix, Mexico City
  • 15 November 2020: Brazilian Grand Prix, Sao Paulo
  • 29 November 2020: Abu Dhabi Grand Prix, Abu Dhabi

Formula One Betting Markets

Drivers’ Championship Outright Winner Odds

While there are lots of markets open for each individual Grand Prix of the season, F1 punters can also get involved with betting on long-term options. The most popular of these is the Drivers’ Championship where we’re looking for the man who accumulates most points in the campaign to take the overall trophy.

This category is usually dominated by just one or two drivers in the best cars so the prices involved are quite short. Lewis Hamilton has been the most successful driver of the modern era but some research into trends can deliver consistent profits so this remains a popular market for F1 punters.

Constructors’ Championship Odds

The constructors’ championship market works in a similar way to the drivers’ version in the sense that this is a season-long bet. Here, we are looking to bet on the manufacturer who we think will provide the best cars and drivers across the campaign.

Each constructor has two cars in every Grand Prix and it’s a simple case of totting up points and seeing who tops the table at the end of the season. It’s another bet where certain teams dominate and Mercedes completed their fifth straight victory in 2018 but regular profits can be earned here by making the right call.

Grand Prix Outright Winner Odds

Each Grand Prix on the circuit carries an option to bet on the race winner. Certain bookmakers will refer to this as the Moneyline bet but whatever it’s called, the mission here is to stake on who we think will take the chequered flag and be confirmed as winner of the race in question.

The question of certain drivers dominating is an issue here but no one man will win every race in the season. There is also the addition of tight, street circuits that suit certain drivers so there is profit to be made for those who are willing to do their research here by assessing trends and indicators from previous races.

Driver vs Driver Match Bets

If the result betting becomes too prohibitive in terms of odds, there are lots of alternative prop bets and one of the more innovative of these is the Driver vs Driver match ups. Here, a sportsbook will typically pick two of the drivers in the race and it’s up to the punter to decide which of them will finish in a higher position.

They could be two of the more obvious men such as Hamilton vs Vettel or the bookie could drop lower and offer, for example, Verstappen vs Bottas. In isolated cases there are three drivers but in the main, this market is a straight fight between two men.

Fastest Lap Odds

The fastest lap market is one bet which can be far less predictable than most F1 options. As we saw throughout the 2018 F1 season, the race winner rarely delivered the fastest lap and we saw some genuine outsiders, including Haas’ Kevin Magnussen come through to deliver a profit in individual Grand Prix.

A driver may be out of contention down the field but they can still open up and speed through and it only takes one exceptional lap to win this market. As a result of all this, it can be tough to predict a winner here but there are some high prices waiting for those who call the fastest lap bet correctly.

‘Will a Safety Car Appear in the Race’ Bet

A Safety Car can be introduced into any race for a number of reasons and there is a market available for punters to predict whether or not this will happen. In the modern day, cars are much safer so there are fewer instances of the car being called out but there are profits to be made on this particular bet.

Weather can play an important part and in wet conditions, it’s more likely that we will see a safety car called out. These chances can be increased when a dry start gives way to heavy rain. A reliable weather forecast can, therefore, have a part to play here, but a safety car bet has the possibility of yielding a profit in any race.

Podium Finish Odds

Formula One races do not carry an option for Each Way betting but as an alternative, it is possible to get involved with the Podium Finish market. In any Grand Prix, if a driver comes first, second or third then they make it onto the final podium where the trophy ceremony takes place so essentially, this is a bet on whether the driver in question finishes inside the top three.

As with Each Way betting, this is a popular hedge but there is no place part of the bet so it’s a single stake on that possibility of a top three finish.

Best F1 Drivers to bet on in 2019

We’ve already touched on some of the best F1 drivers around and as we head into 2019, the most outstanding of all is Lewis Hamilton. The Englishman completed his fifth title in 2018 and is back with Mercedes for the new campaign. Another man to watch is Hamilton’s teammate Valtteri Bottas who claimed two pole positions and recorded a number of fastest laps throughout the previous campaign.

But Hamilton’s closest challenger is the former world champion Sebastian Vettel in the Ferrari. The German started 2018 strongly and finished with five Grand Prix victories. Completing what is generally known by pundits as the ‘Big Six’ are Kimi Raikkonen, Max Verstappen and Daniel Ricciardo and while there have been some team changes ahead of the new campaign, all of those drivers are worth watching in various markets across 2019.

Formula 1 Best Odds Bookies

Formula 1 Betting Odds - Guide to the Best F1 Bookmakers888Sport

It’s important to find the best bookmaker if you’re serious about Formula One betting and 888Sport is a good place to start. They have one of the best selections of markets from the straight result to an extensive range of prop bets and unlike many other sportsbooks, they also get their prices up nice and early.

888Sport’s odds are always competitive when stacked up against the rest of the market but they also provide additional value through a strong welcome bonus, ongoing promotions and some price boosts for the bigger sporting events.

Sports Interaction

Sports Interaction are known as Canada’s online bookmaker but it’s worth looking into a sign up here no matter where you happen to be based. There is a sound welcome offer worth $100 at the time of writing but the value increases from that point with odds that are in step, if not better than the rest of the industry.

Where Sports Interaction really score is with choice and they will have all the result and prop bets open for the entire F1 season. Whether you’re looking for the main side markets that we’ve mentioned in this preview, or something a little more obscure, it should be covered here.

Formula 1 Betting Odds - Guide to the Best F1 BookmakersBetway

Established in 2007, Betway also cover the good mix of choice and value that we’ve been talking about but there are two bonus areas where they score over most bookies. Firstly, while their prices are always strong, they are among the most active when it comes to daily price boosts which lift the value on Formula One markets even further.

Secondly, this is one of the best places to play if you like live betting. In play markets have yet to embrace Formula One as they have with other sports but Betway is a great place to be if you like to gamble once an event has got underway.

Bet365

Betway may be strong on live markets but the leaders in terms of this style of betting are Bet365. They are the pioneers of in-play and you won’t find a bigger selection of options anywhere else.

There is, however, plenty to enjoy from an ante-post point of view too with excellent prices in a wide set of markets. F1 gets great coverage here and Bet365 are often among the first to declare betting options so there is no waiting around for those markets to show up.

Formula 1 Betting Odds - Guide to the Best F1 BookmakersWilliam Hill

Once again, William Hill tick all of those boxes in regards to choice and value. They are strong on pricing and also have a set of odds boosts that come in for the bigger sporting events of the year.

One thing that Hills can boast above all others is a long history that predates the internet by many decades. Officially founded in the 1950s, William Hill have worked hard to build up trust in that time but they also back that up with excellent odds, a set of F1 markets and some ongoing promotions that can be used on the sport.

Summary

With new circuits set to be introduced in 2020, Formula One is reaching into far corners of the globe and it’s just getting bigger and bigger. From a spectator’s point of view, there’s never been a better time to be a fan with more Grand Prix being added and the calendar being extended.

As we’ve seen, the sport is also a big attraction from a betting point of view with all sportsbooks looking to get involved. Not all bookies are created equal however so we’ve given you our recommendations as to the best operators for F1 betting. Consider their offerings and understand the types of markets that you can bet on and then you can get involved with this great sport.