Esports Betting / Start Your Engines! Best Formula 1 Odds

Start Your Engines! Best Formula 1 Odds

F1 Betting Odds Comparison

Last Updated on 21/02/2024
Fact checked by: James Leeland

The 2024 Formula 1 season is turning into one of the most exciting in recent memory thanks to the glorious battles between Lewis Hamilton and Max Verstappen plus the overachievement of the ‘best of the rest’.

With the further help of the Netflix documentary ‘Formula 1: Drive to Survive’, F1 is more popular than ever. As a result, (you guessed it) F1 betting is a hot property and more and more punters are getting involved. Bookmakers are fighting to provide the best F1 betting odds, and we’ve got the lowdown on how that battle is going.

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An Insight into Formula 1 Betting

Formula 1 is a classic sport that has been with us for over 100 years. It is often associated with the glitz and glamor of the high life, and the fact that perhaps the most prestigious Formula 1 circuit of all is based on Monaco says a lot, as Monte Carlo is also the home of gambling in Europe.

This means that Formula 1 and betting go hand-in-hand. Having money riding on the result of a Formula 1 race can make the whole spectacle that much more exciting, as if it even needed it in the first place!

This season has been epic for the fans. Lewis Hamilton’s reign of supremacy is being challenged as a result of the awesome driving of Max Verstappen, and the emergence of young drivers Esteban Ocon, George Russell and Lando Norris has brought more potential future world champions into the limelight.

If you’re looking to get into Formula 1 betting now, you couldn't have timed it any better. Read on to find out a bit more about the actual odds that go into Formula 1 and what markets you can bet on.

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Formula 1 Markets

It’s not just about who is actually going to win each Grand Prix or World Championship, whether it be the individual driver or team. There are plenty of exciting things to put your cash on that people do not even realize. Nowadays, you can bet on as many markets in Formula 1 as in a lot of other popular sports.

Here are just a few more of those markets for your consideration:

  • Who will win the World Championship: team and driver
  • The fastest qualifier
  • Which teams will land both cars in a point finish
  • If a driver will be the leader at the end of any lap
  • If a driver will retire on the first lap
  • The grid position of the winner

Go ahead and check out a Formula 1 bookmaker for yourself. You’ll find loads of great stuff in there!

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What do the Best Formula 1 Odds Look Like

When we’re betting on Formula 1, we have to remember that the companies who set the odds are in fact there to make money, and that’s how they do what they do. So, if you see odds that should be 50/50, don’t be surprised if they are both 0.9, for example.

The real trick with Formula 1 betting odds is to find out who is the fairest bookie. And to do that, you’ll need to carry out an F1 odds comparison or two.

How to Find the Best F1 Odds

There are a handful of different ways to find out which bookies will offer the best F1 betting odds. You might not have considered all of these before, so let’s take a look at them. You may just learn a thing or two! Here are our favorite ways to find out about Formula 1 odds.

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Reviews or Recommendations

There are tons of awesome review sites out there that will deliver the goods when it comes to finding the best F1 odds. On top of that, you can always reach out to friends and family that consider themselves to be wise to the world of betting on sports.

One thing you will need to ensure is that you are finding the right source. You can probably trust your friends, especially if they are wise to the world of F1 betting, but you need to remember that a lot of sites will have a vested interest in particular bookies. As such, you should proceed with caution.

At Strafe, we like to put in a little bit about the best odds in each of our sports reviews and make sure we leave the floor open to newcomer bookies. You can find out the best golf odds right now, for example. And that’s just one sport of many!

Searching for Yourself

If you want to go on a solo mission, and if you want to know definitively, one thing you can do is compare from site to site yourself. The best way to do this is to make note of the odds on a selection of Formula 1 markets (it’s best to choose a wide range, such as the number of cars to qualify vs. a rookie driver to win) and then go to another bookie to see what they have to offer.

This is probably the most foolproof way of doing things. However, it is also the most time-consuming. It may be better to save this particular option for a little later down the line when you have whittled a shortlist of F1 bookmakers down to about two or three at most.

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Using a Formula 1 Odds Comparison Site Like Strafe

Players who wish to save a little time can head to a site that will offer live odds for a selection of bookmakers all on one page. This is a great way to get an overview, but the odds might be outdated. Plus, the odds can change at any time, and just because one bookie has better odds in one market it does not mean that they are better across the board.

The comparison or review site does not have to be about Formula 1 specifically. For example, we technically specialize in eSports here at Strafe, but we’ve got the lowdown on all the big ‘real life’ sports as well as other life areas such as the latest political betting odds.

Additional Things to Look Out For when Finding an F1 Bookmaker

Odds aren’t the only thing that make a Formula 1 bookie the best site out there. There are quite a few other factors at play that should be considered before you sign up for your next sportsbook site. 

Traditionally, odds were the defining factor of a bookmaker but in the modern era, there is a lot more at play to consider. Here are what we think are the most important factors that go into defining who is the best F1 bookmaker on the market:

A Good-Looking Website and Mobile App

The online betting experience is meant to be enjoyable, and something that can contribute to that enjoyment is a well-designed website or app. But what does that mean exactly?

  • Pleasing appearance: it’s got to look good to feel good! A strong color scheme, sensible fonts and an attractive layout are all key ingredients to a good website.
  • Easy to navigate: leading on from that point about a good layout, the bookie’s website should have all the right buttons in all the right places so that players can move around the site with the minimum of hassle.
  • Fast graphics: some modern bookmakers have websites with fancy graphics, where pages transition nicely from one to the other and you can view in-game diagrams of sporting events. If these are fast, the bookmaker gets extra points!
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A Decent Welcome Bonus

As you would expect, Formula 1 comes under the umbrella of a bookmaker’s sportsbook and as such, you should be entitled to enjoy the welcome bonus for that sportsbook if the site has one. Some examples of sportsbook welcome bonuses include free bets, matched deposits and risk-free bets. These can all add to the excitement of signing up for a new F1 betting site!

Just be aware that some bookies will exclude particular events from their sportsbook welcome bonus so you may wish to check the terms and conditions of the offer before you choose to take part.

A Wide Range of Markets

Within Formula 1, there are loads of things that players can place their bets on. We mentioned just a few of the exciting markets players can make the most of earlier on, so perhaps it would be a good idea to make sure that your bookmaker offers some of those. It would be disappointing to sign up for a site only to find out that their F1 betting options are limited!

If you’re looking to bet outside of Formula 1 at some point, it’s worth checking what the markets are like on the other sports on the site. You might find yourself interested in the horse racing odds for today if you get fed up with betting on Formula 1.

Solid Customer Support Around the Clock

Rule 101 for online bookmakers and casinos is that they should provide support to their customers as and when those customers need it. 24/7 customer support is an essential part of business these days and it can come in a few different forms: a telephone number to call, a live chat or emails. Just be aware that the latter of these could take a little longer to reply as is the nature of it.

Recommendations for Sites with the Best F1 Odds

We’ve found out what it takes to be one of the best sites in Formula 1 and we’ve discussed how important it is to get great odds from a F1 sportsbook, so now we’re going to give you a few hot tips for what we think could be the sites with the best F1 odds (and the rest) in the game right now. Here goes!

Mr. Green

We thought we’d kick things off with a relative newcomer to the scene: Mr. Green. This company was only formed in 2008, which means that they’ve only been in the game for 13 years. That’s a lot less time than some of their competitors!

Does that mean they have any less quality than some of the big boys? Absolutely not. The Swedish-based team have made their way to the top in a really short space of time, and on the trajectory that they are currently moving along, we fail to see how they won’t become one of the best of the best.

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But what exactly is so great about Mr. Green, and where is there room for improvement? Here is what we think are the major pros and cons for Mr. Green:

Top odds

That’s what we’re all about right now, right? Any comparison will show you that Mr. Green’s odds are more than competitive. Place a bet on Formula 1 with Mr. Green and you can be happy that you are unlikely to be beaten for price anywhere else online. Suffice to say, Mr. Green offers some of the best F1 betting odds.

Amazing range of markets

Earlier on, we talked about how one of the most exciting things a Formula 1 bookmaker can offer is an exciting range of markets. Mr. Green is a perfect example of this, as with this site, you can bet on just about anything. This makes things a whole lot more fun, and ensures that players will never get bored!

A welcome bonus

This might not be the most generous welcome bonus in the world, but the fact that it exists is still a tick for the Mr. Green crew. At the sportsbook, you’ll be able to get a free £10 bet when you place a deposit of £10. This offer is quite tame in comparison to the casino bonus at Mr. Green, so if you’re into your slots, we might recommend that you check this out instead....

Beautiful site design

The Mr. Green site is objectively beautiful. Everything from the colour scheme to the logo looks fantastic, and you will have no trouble finding your way around either the site or the mobile app thanks to a very sensible layout.

Things are looking good for Mr. Green! But is there anywhere that the site falls down? We’ve got just one con and unfortunately for players based out of the US, it could prove to be quite a big one.

Not available in the US

That’s right. Mr. Green has not yet found its way to the US, but we’re hoping that that changes very soon. It’s still early days for the company and right now, they seem to be dominating most of Europe. So, surely it should only be a matter of time before they make their way over to the states. Only time will tell on that one.

888 Sport

This time around, we’re bringing you a sports bookmaker that can actually be played in the US - 888. Result! This organization has been around since all the way back in 1997, so we would like to think that they have put their experience to good use and begun to deliver some of the best odds in sports betting.

  • Available to play in the US: if you’re based in the states of Nevada, New Jersey or Delaware then you are lucky enough to be able to bet on Formula 1 with 888 Sport online.
  • Epic welcome bonus: not only do you get a free $10 bet with 888 Sport just for signing up, but you’ll also be entitled to a free risk-free bet worth up to $200 with your first deposit! That is quite the pairing, and we’ll find it hard to get our hands on an F1 bookie that can do better than that.
  • Strong odds: if you compare the Formula 1 odds at 888 Sport to those of its competitors, you will see that it ties with or beats them in most cases. That is more than good enough for us!

How about the negatives?

Don’t worry, there aren’t many of them, but the couple that we do have are definitely worth noting.

  • Not the easiest site in the world to use: while we do like the way the 888 Sport website and mobile app look (thanks to a cool orange and black colour scheme), we found that the layout was a little bit odd. This means that it might take a bit longer to navigate around in comparison to some of its competitors.

Lacking markets when it comes to Formula 1: while you will be able to bet to your heart’s content when it comes to soccer, football and baseball, it does seem to be the case that 888 Sport falls down on its Formula 1 markets. Right now, you can only bet on three markets for the Grand Prix: the number of classifications, whether or not the safety car will be used and the race winner.

UniBet

UniBet was formed in London back in 1997 and since then they have gone on to take the whole world by storm. They’re recognized as one of the biggest and best names in sports betting and their Formula 1 odds reflect that. Let’s find out how they made it to the top and why people continue to love them so much:

  • Big welcome bonus for US customers: if you are based in the US, you will be able to get your hands on an epic risk free bet worth up to $600! A lot of the time, we’re not massive fans of risk free bets, but when they’re coming in at that value, they’re quite hard to resist.
  • Available to play in 4 states: players in Virginia, New Jersey, Pennsylvania and Indiana can enjoy UniBet.
  • Plenty of markets: you can bet on pretty much everything you would like to at UniBet, including in the Formula 1 markets.
  • Easy to use and looks great: UniBet is widely credited with being one of the most intuitive websites out there, and the same can be said of the mobile app.

In terms of cons, we don’t have much to report! Although we do hope that Unibet rolls out in a few more states soon.

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Final Thoughts on Formula 1 Odds

If you’re looking for the best F1 betting odds (and why wouldn’t you be!?), then you should have all the info you could possibly need having read this article. We’ve given you some tips to find the best sites and provided a few recommendations of our own.

With all this in mind, you’ll be good to go. Enjoy the rest of the season!

By the way, if you fancy something virtual (perhaps even some Virtual Formula 1) at any point, you can take a look at our eSports betting odds comparison page for all the best eSports odds.

Formula 1 Odds FAQs

Everyone has questions when it comes to finding the best F1 betting odds. And we’ve got the answers to the most frequently asked of these coming right up.

Perhaps the most bet-on section of Formula 1 is which driver is going to win each race, but what a lot of people don’t know is that there are loads of exciting markets out there. You can even bet on niche areas of the sport such as how many total laps the safety car is going to make!

🤩Which bonuses can I get when I bet on Formula 1?

F1 belongs in the vast majority of online bookies’ sportsbooks, so you should have no problem in claiming a sportsbook bonus to bet on F1 with. Just make sure that there are no exceptions for this in the terms and conditions.

😉What other sports can I bet on when I’m finished up with Formula 1, or in between races?

In a lot of cases, the bookmakers with top Formula 1 odds will have good odds for other sports as well. These guys tend to know their stuff! So, if you’re looking for the best football odds or perhaps those of another spot, the chances are you should be good to go with the bookie that you are already with.

That being said, it’s always worth a check, so refer back to the ‘how to find the best F1 odds’ section in this article to find out how.

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