How To Bet on Formula One

F1 Betting Guides From The Sports Geek

If you’re looking for more odds, tips, and the best F1 sportsbooks, these helpful betting guides are a great place for new bettors to get started.

Bets Available Online for Formula One

Betting on Formula One offers plenty of options for enjoying every big race. From predicting outright winners to podium finished and more, we have tips for all the main bet types as you learn how to bet on F1.

Race Winner

The most common bet type is predicting who will be the outright winner of an F1 race. Every major F1 betting site will offer this type of wager for all Grand Prix events. Find this type of wager and more at Everygame.

Expert Tip: Research the past performances of top drivers. You can find value in a driver who excels on a specific track. Also, remember to check out F1 betting odds from different sportsbooks to lock in the best value.

Podium Finish

This type of F1 bet involves predicting who finishing in the top three (first, second, or third) in a given race. Because there are three winning spots your driver can finish it, the payout is smaller but gives you more room for error. You can find this type of wager at SportsBetting.ag.

Expert Tip: Popular drivers are solid bets for finishing among the top three. Lewis Hamilton, Max Verstappen, and Fernando Alonso have the most podium finishes among all active F1 drivers. These accomplished drivers are a great place to start for beginner F1 bettors.

Top 6 / Top 10 Finish

F1 sports betting for top finishing positions can extend to the top six and top ten, giving you a wider net to cash winning F1 bets. This popular bet type exists for all major Grand Prix events at sportsbooks like SportsBetting.ag.

Expert Tip: Focus on drivers who are just outside the top favorites for any given race. Drivers who consistently finish in the top 10–20 spots may offer betting value.

Fastest Lap

Betting on the fastest lap has nothing to do with who wins the race or place finishing. Whether they win or lose, any racer can win this bet by posting an exceptional lap time. BetUS offers a wide range of F1 bet types, including the fastest lap.

Expert Tip: Every driver has their strengths. When betting on the fastest lap prop, analyze F1 statistics and research which drivers have a history of winning the fastest lap and how often.

Pole Position (Qualifying Results)

The pole position is the best possible starting position in the main race for the Grand Prix, which is awarded during the qualifying results. You can bet on who will win the pole position and more at BetUS.

Expert Tip: Pole position winners are tracked over the years, making them a good stat to consider when making your F1 betting predictions. As of the end of 2024, the driver to begin in pole position has historically won just over 40 percent of all time F1 races.

Winning Constructor

Another Formula One bet involves wagering on the make or “constructor” of the vehicle driven by the winning driver. Examples include Ferrari, McLaren, Mercedes, Red Bull, and others. MyBookie offers Winning Constructor bets and more for all major races.

Expert Tip: We recommend researching how many contenders drive each car model for a given race. Let’s say Lewis Hamilton is favored in Mercedes, but 2–3 other contenders are all driving from another constructor. Betting on this model gives you a greater chance of winning.

F1 Prop Bets

Popular F1 props include First Driver to Retire, Finishing Position, Number of Classified Drivers, and more. Many F1 betting sites like MyBookie offer a deep menu of prop bets to add to your F1 betting experience.

Expert Tip: One great F1 prop to focus on is head-to-head matchups. This prop takes out the strategy of picking one overall winner and instead lets you pick the winner between two individual drivers.

F1 Future Bets

F1 futures can include bets on the outright winner of an upcoming practice, qualifying, or main Grand Prix race. They also include season-long bets on the Drivers’ and Constructors’ Championships. You can find these bets and more at BetUS.

Expert Tip: Lewis Hamilton (Mercedes) won the Drivers Championship in six of seven years. Then, Max Verstappen (Red Bull) went on to win it four times straight heading into 2024. Other drivers win weekly races, but from a strategy perspective, these two have been as close to locks recently as anyone.

Guide To Live Betting on Formula One

There are many strategies you can use when live betting on Formula One. Live odds change depending on how races unfold in real-time, so handicapping varies from betting pre-race. We recommend taking what you’ve learned from the basic F1 bet types and following these F1 betting tips to up the excitement with live wagering.

Pay Close Attention to the Start of the Race

Knowing which drivers have advantageous starting positions can help in predicting F1 bets. If an underdog jumps out to an early lead, it may also be a good time to place a bet on the long shot before the live F1 betting odds adjust.

Research Track Performance Beforehand

Each F1 track has different features like location, terrain, and whether it’s a proper circuit racetrack, street circuit, or hybrid. Drivers also excel in different conditions based on their individual skills and knowledge of each track. Remember to read F1 betting tips for driver history and track performance before betting.

Keep an Eye on the Weather

F1 drivers race at average speeds of 200 miles per hour, meaning weather conditions have a major impact on the race. Consider how rain, snow, sleet, and wind can affect speed and traction. Exceptionally hot days can also cause tires to overheat and need to be changed sooner during pit stops.

Make a Wager on the Fastest Lap

One way you can bet on F1 includes the fastest lap. You don’t need to worry about your driver winning the race here. Instead, focus on a driver who favors the track and has started strong. You’ll win your bet if they post the fastest lap during the race, regardless of the finishing position.

Watch Out for Safety Car Slowdowns

Look out for factors interrupting the race’s momentum, such as inclement weather or when dangerous debris must be cleared after a crash. Until the track is deemed safe again, either a physical safety car (SC) or virtual safety car (VSC) will enter the track to slow down the race.

Best F1 Betting Site for Beginners

BetUS Top Choice for F1 Bets

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We recommend that newcomers to F1 betting check out BetUS for extensive race odds and futures. Additionally, their helpful guides for how to bet on F1 and weekly F1 betting tips, give you tons of expert advice.

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Wide range of race odds and futures

With a few easy steps, new Formula One bettors are minutes away from placing their first F1 bets.

Step One — Choose Your F1 Betting Site

Our top recommendation for new F1 bettors is to sign up at BetUS. You can find all sorts of tips and guides to help you get started on the right track.

Step Two — Register Your Account

Signing up for your BetUS only takes a few minutes. Simply enter a few pieces of personal information, such as your name, address, phone number, email, and the last four digits of your SSN.

Step Three — Make a Deposit and Claim Your Promotion

Once you have your account, choose your preferred banking option at BetUS and make your first-time deposit. Be sure to claim your 125% welcome offer for up to $2,625 using the promo code JOIN125.

Step Four — Begin Your F1 Betting

You’re now ready to start betting on Formula One. Navigate to the Motor Sports and F1 odds section at BetUS odds to pick your favorite driver to bet on in the next Grand Prix race.

Step Five — Choose Your F1 Bet Type

Decide how you want to bet on F1. Whether you wish to bet on outright winners, props, or futures, you’ll find them all at BetUS.

Responsible Gambling

We encourage all players to gamble responsibly. Remember that online betting is a form of entertainment, not a source of income. Set loss limits and time limits. Budget your bankroll ahead of time to avoid losing more than you can afford to. Keeping these tips in mind will help you have fun and remain a responsible gambler.

If you are over-preoccupied with thoughts about gambling or exceed your budget regularly, you might benefit from some help. Consider the resources below if you recognize the warning signs and symptoms in yourself or a loved one:

National Council on Problem Gambling: (202) 547-9204 or NCPGambling.org
AGA Responsible Gambling Code of Conduct (as supported by the NBA)
Gamble Responsibly America App (downloadable)
Gambler’s Anonymous: gamblersanonymous.org/ga/
Responsible Gambling Council: https://responsiblegambling.org/

The Sports Geek’s Responsible Gambling Guide

Final Tips for Betting on F1

Now that you know all the ways to bet on F1, you’re ready to take your F1 betting knowledge to the sportsbook of your choice. We’ve covered all the most popular types of F1 bets. We’ve also armed you with key strategies to consider when betting on weekly events, live betting on races, and making season-long F1 futures. BetUS is our top recommended F1 sportsbook, with tons of beginner-friendly tips to help you make this F1 betting season a profitable one.

Latest Formula One News

Read the latest news and updates on F1 from The Sports Geek.

F1 Red Bull driver Max Verstappen of the Netherlands in action during a Formula One pre-season test at the Bahrain International Circuit in Sakhir, Bahrain, Friday, Feb. 28, 2025. (AP Photo/Darko Bandic)

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About the Author

Ryan Métivier

Editor, Writer & Communications

Ryan Métivier is a writer at The Sports Geek with _ years of experience in sports betting, communication, and marketing. He’s the founder of Shred The Spread and has written for sites like Sports Betting Dime, Cleveland.com, MassLive, FanSided, and more. While Ryan loves betting on any sport, he specializes in soccer, football, and hockey. In his spare time, Ryan enjoys fitness, cooking, travelling, playing soccer, and learning Spanish.

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F1 Betting Guide How To Bet on F1 Online