Formula 1 is one sport which has grown in popularity in recent years. It can be incredibly exciting to watch and even more so when you have a bet on.
With any sport which increases in popularity, bookmakers start to offer more betting options in terms of available markets to bet on and the betting offers around the sport. Not all bookmakers are the same though with some offering better odds, more offers and more markets than their competitors.
In this guide, we’ll be determining the best bookies for Formula 1 betting and given the reasons why.
As with any bet you place, you want to be getting the best odds. Doing so gives you the best chance of making a profit in the long-term.
The vast majority of bookmakers take bets on Formula 1 but not all of them offer the same odds. Also, where one bookmaker may offer the best odds for one market such as the outright winner, another may offer better odds on another market such as the fastest qualifier.
We’ve compared the odds of various Formula 1 markets at dozens of bookmakers to determine the top bookmakers with the best Formula 1 odds overall.
Two bookmakers stood out for us when in search for the best Formula 1 odds and they were Betfred and William Hill .
Both Betfred and William Hill offer excellent odds on several Formula 1 markets and are great choices for all your Formula 1 bets if you are looking for the best value bets.
Bookmakers With Most Formula 1 Markets
Many bookmakers offer odds on the overall winner but some bookies are able to offer odds on additional markets. Depending on what market you want to bet on, some bookies may be better for you than others when placing bets on Formula 1.
Let’s take a look at some of the available Formula 1 betting markets.
Overall Winner – A bet on which driver will win an F1 race or championship.
Podium Finish – A bet on a driver to finish in a podium spot. You have a better chance of winning your bet compared to the overall winner market but will be offered lower odds.
Winning Car – A bet on which make of car will win. If several drivers are using the same make of car, you stand a better chance of winning compared to betting on an individual driver.
Faster Qualifier – A bet on which driver will achieve the fastest qualifying lap. A popular bet to have prior to the main race starting.
Fastest Lap – A bet on which driver will achieve the fastest lap in the race. This can be a good in-play bet as you can wait to see how they are driving before committing to your bet.
Top X Finish – A bet on a driver to finish in the top X places.
When comparing the available markets at a selection of the top bookies, we found that Bet365, Sportingbet and 10Bet offered the best selection of Formula 1 betting markets.
Bookmakers Offering Formula 1 Live Streaming
Unfortunately, due to TV rights, UK bookmakers do not provide live streams of Formula 1 races. However, many races are shown on Channel 4 with others televised on Sky Sports.
Betting On Formula 1 In-play
Formula 1 is a popular sport for betting in-play on and many bookmakers offer a number of in-play betting markets.
If you are watching the F1 race live, you’ll be able to see how the drivers are performing and use your observations to determine the best in-play bet to place.
For in-play betting on Formula 1, we recommend Bet365 who offer an excellent selection of in-play markets at competitive odds.
Formula 1 Betting Offers
Many bookmakers offer Formula 1 betting offers with most becoming available in the run-up to major races such as the Monaco Grand Prix, Silverstone and Italian Grand Prix.
Some bookies are generally better than others for betting offers with Paddy Power, Betfred and William Hill all providing regular offers to existing customers.
Around the time of major F1 races, you’ll find free bet offers, extra places, money-back specials and several price boosts available for Formula 1 markets. Some are great offers to take advantage of if you’re looking to place a bet anyway and can add a lot to the value of your bet.
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