You can also bet each-way and the standard place terms are 1/3 the odds 1-2. You must double your stake here, so a £10 bet on Lewis Hamilton will cost you £20. The reason for that is £10 of your stake goes on him to win the race at the odds given, the other £10 goes on him to place first or second in the race at 1/3 of the odds.

The most obvious bet is the outright winner of the race, but this may not give you the best odds compared to other bets that can be made. As a result, just like other sports, the more niche bet will give more impressive odds in return. Outright Winner. The most simple Formula 1 betting type is to bet on who you believe will win the race. Betting on the winner allows you to pick which driver you think will win from all of the competitors.

Although there is no official record of the first bet on Formula 1, people started betting on this sport as early as the 1950s when F1 was still new.

Its popularity came in the ‘90s all through the 2000s. Today, F1 racing is among the top racing sports worldwide. Although Formula 1 is arguably more popular in Europe, the sport has become a people’s favourite worldwide, gaining more fans in almost all continents. Those who watch F1 races must agree that it is a rush of adrenaline that keeps everyone at the edge of their seats.

While watching F1 races will get your adrenaline pumping, betting on them is more fun and profitable if you know how to do things right. Due to its popularity, online betting sites started offering F1 betting markets, and before long, numerous Formula 1 sportsbook began popping up all over the internet. Top online casinos offer betting options for almost all Formula 1 races in the season. You can bet on the race matches, the top six placements, or the field vs. the best constructor, among other wagers. Some casinos also allow players to make live bets as the race progresses.

The most important decision you can make when betting on F1 races is where you are going to do so. Thankfully, numerous reputable online casinos offer players the best odds on F1 races. You need to know them before risking your hard-earned money. Here is a review of the top 5 such sites.

Bet365

Bet365 is one of the best sites for F1 online sports betting. It offers you a wide range of betting markets to choose from, including advanced lines. If you love live betting, Bet365 has you covered as their live betting section is one of a kind.

The user interface is unmatched, and you will love their live statistics as you place your bets. Don’t worry about low odds ad Bet365 has some of the highest F1 racing betting odds on the market. They also have wide coverage to ensure that you never miss a race to bet on throughout the season.

888Sports

Betting Formula One

888Sports is another top online casino for F1 betting. Whether you wish to bet on the World Championship winner or the expected top team, you will find the best odds at 888Sports. They make it simple for punters by offering them a wide range of markets. Some of the F1 bets you can expect from the site include F1 Driver’s Championship odds, classic and up-and-coming races. You can also bet on the actual vehicle in the race as each constructor is made up of two drivers.

One reason why punters prefer 888Sports for Formula 1 betting is that it is one of the highest paying online casinos. It is a high-roller-friendly bookie, that offers you huge payouts, lets you place huge bets, and also accepts large deposits.

William Hill

William Hill is another top casino for F1 betting. Its name is a combination of Britain’s top drivers and the world-famous F1 team. Although they don’t have a dedicated F1 section, you can place Formula 1 bets from their motor racing page, where you will find numerous betting options on the sport.

There is a great selection of markets for every F1 race, including the fastest qualifier, race winner, the first race retirement, among many more. You can also bet on the constructors’ and driver’s championships.

Coral

If you are looking for a reliable and trustworthy bookmaker for F1 bets, consider Coral. You can access its F1 section through its motorsports page, where you will get all the available markets for the F1 season and any other upcoming race.

F1 Betting Odds

For every race, you will find select markets with any wager you can think of. Some of the markets include betting on which nationality the race winner will be, whether a certain driver will finish the race, and whether a constructor’s cars will gather the points at the finish line.

Betvictor

Betvictor is a one-stop casino for F1 fans who also love to bet. It offers odds on all Formula One races for the whole season with the widest range of markets for races you can find anywhere. Apart from betting on a specific race winner, Betvictor also allows you to wager on who will get the fastest lap, the final winning margin, and if there will be a safety car, among other bets.

Conclusion

These are the top 5 sites where you can bet on Formula 1 races online. Check them out to determine which one appeals to you the most.