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Betting on Formula 1

Formula 1 is one of the most exciting and fastest-growing motorsports in the world. With electric drivers like Max Verstappen and Lewis Hamilton, a circuit that spans the globe, and some of the fastest cars ever made, F1 is a great sport to begin wagering on.

Formula 1's media has done a great job at broadcasting the sport to new audiences with shows like Drive to Survive and profiles on well-known racers. This newfound attention has also seen F1 rising in popularity with bettors -- don't worry, we've got you covered on all the essentials. From F1 betting tips to the best F1 sportsbooks, we'll break down all the statistics you’ll need to wager on a Grand Prix.

Learn to Bet on Formula 1

One of the most important aspects of betting on F1, or sports betting in general, is choosing the sportsbook that is right for you. With so many online sports betting options out there these days, finding a sportsbook with a variety of F1 odds, deposit bonuses, and amenities is key to a great sports betting experience.

Keep in mind that wagering on Formula 1 will look quite different than most major league sports bettors are used to. There are no moneylines, totals, or spreads to be found -- instead, you'll be placing bets on the placement of drivers and a variety of props to go alongside the race.

Formula 1 Terminology and Betting Lines

  • Podium: While the podium in an F1 race is specifically where the prizes to the top three racers of a Grand Prix are awarded, podium or “podium position” is often used to refer to the top three racers in a race. A podium bet would cash if the racer you wagered on finishes first, second, or third.
  • Pole Position: In Formula 1, pole position is the best starting position for a racing event.  You can often bet on who will win the pole position during the Saturday qualifying trials.
  • Outright Bets: Outright bets on an F1 race are the most common wager for a Grand Prix.  As the name suggests, outright F1 bets are on who you think will place first in a given race (Max Verstappen, more often than not).
  • Drivers’ Championship: Betting on the F1 Drivers’ Championship is the most popular futures bet for F1 bettors. The award is presented to the F1 driver who acquires the most points from Grand Prix races throughout the season.
  • Constructors’ Championship: The Constructors’ Championship is another popular futures bet -- it's awarded to the manufacturer or team whose racers acquire the most points over an F1 season.
  • Safety Car: One of the Formula 1 prop bets we turn to is if a safety car will appear in a race. The odds for an appearance are usually given at negative odds, but knowledge of a racetrack, conditions and the race's setup can help you consistently nail this prop.
  • Points Finish:  Every F1 Grand Prix has a point system that goes towards the Drivers’ and Constructors’ Championships. Points are awarded to the top 10 finishers in each race, and you can try to find value every week for underdogs to sneak into the points.
  • Fastest Lap: One of the simpler prop bets for an F1 race, betting on who will have the fastest lap can keep a bettor involved in the race all day long. Check out our statistics and driver breakdowns to help inform your fastest lap wagers.

Where Can I Find More Formula 1 Betting Guides?

Our Formula 1 resources can give you a leg up on the books every weekend and help you become the points leader of F1 wagering. Consider combining these guides with tools like our odds calculator and parlay calculator to help determine the ideal value for your Grand Prix wagers!

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