Top Formula 1 Betting Sites
If you are a punter who loves formula 1 racing, you will want regular previews of upcoming events and accurate information about the top Formula 1 betting sites. Don’t settle for poor odds when you can bet with the best odds. Don’t settle for just a couple of possible wagers when the top Formula 1 betting sites offer a wide range of betting options. Consult the Betopin toplist before you choose a betting site for Formula 1 racing.
The origins of Formula 1 racing go back to European Grand Prix Motor Racing in the 1920s and 1930s. “Formula” refers to a set of rules which participating cars must meet in order to compete in the races. Today’s Formula 1 began in the days following World War II and the first World Championship was held in the UK at Silverstone in 1950. Today Formula 1 races occur at 21 locations around the world, 10 of which are in the UK (British Grand Prix) and across Europe.
There are two championships to be obtained in Formula 1 racing, driver and constructor of the vehicle. Drivers in Formula 1 racing must qualify for a “Super License” from FIA (Fédération Internationale de l’Automobile) which is owned by the Formula One Group. Groups that build and maintain the single-seat, state of the art racing cars in Formula 1 racing spend, on the average, £90 million a year!
The best Formula 1 betting sites provide in-depth information about upcoming events and allow for a wide range of wagers including winning driver, head to head driver, head to head team, winning margin, completion of the race, points, fastest lap, and more. To find the top Formula 1 betting sites for you, come to Betopin, read the reviews, learn about betting options if you need to, and consult our toplist of the best Formula 1 betting sites.
Formula 1 Events and Wagers
There are 21 Formula 1 races throughout the year and scattered across the globe. These are the races for 2019, listed by date.
- Australian Grand Prix, March
- Bahrain Grand Prix, March
- Chinese Grand Prix, April
- Azerbaijan Grand Prix, April
- Spanish Grand Prix, May
- Monaco Grand Prix, May
- Canadian Grand Prix, June
- French Grand Prix, June
- Austrian Grand Prix, June
- British Grand Prix, July
- German Grand Prix, July
- Hungarian Grand Prix, August
- Belgian Grand Prix, September
- Italian Grand Prix, September
- Singapore Grand Prix, September
- Russian Grand Prix, September
- Japanese Grand Prix, October
- Mexican Grand Prix, October
- United States Grand Prix, November
- Brazilian Grand Prix, November
- Abu Dhabi Grand Prix, December
With two or three Grand Prix races each month, punters may have their hands full keeping track of the races, drivers, standings, and best possible bets. Stay up to date with the previews at Betopin and use the toplist to check out the top Formula 1 betting sites, their odds, promotions, and most attractive betting options.
A beginner at Formula 1 betting may simply wish to place a wager on which team will win the race. The best teams and best drivers have the highest rankings as the year progresses and are likely winners. Likewise, betting that your pick will finish in the top five, for example, can be as close to a “sure thing” as one will find. However, the odds on such a wager will be such that the return on your bet will not be very impressive.
Other, somewhat random, bets may include which car and team will retire from the race first due to technical difficulties, if a car will have an accident and not finish the race, time to finish the race, fasted lap on a closed track, and team versus team wagers.
And, of course, as the season progresses, betting on the eventual drive and constructor champions is a common wager. Here is where a bit of patience and knowledge of the sport are useful as not all strong starters are strong finishers. The odds on a given team and driver will change as the season progresses and accomplished bettors may choose to use a sports trading site to lay off a wager when they originally made it with very long odds and now can profit from a team or driver having moved up in the standings and their odds having improved as well.
All of this works the best with a solid foundation. So, start with Betopin, check out the previews, consult the toplist, and place your bets.
Platforms for Betting on Formula 1
The betting platforms for Formula 1 wagers are the same as for other sports betting. They include sportsbooks, betting exchanges, and sports trading sites. The one or ones that a punter chooses will depend to a degree on how simple or how complex the bets will be. While sportsbooks are traditional bookmakers, a betting exchange features betting of punter versus punter. Sports trading sites offer more flexibility for the accomplished punter interested in Formula 1 betting.
Formula 1 Betting Exchanges
Because they offer better odds than other betting platforms, betting exchanges can provide better gains as you will be betting against another punter and not against the establishment. The exchange makes its money for brokering these bets by simply taking a percentage from the winner.
Formula 1 Betting Sportsbooks
This is a traditional bookmaker but one that operates online. The number of betting options available and the odds offered may vary quite a bit from one to another which is why smart punters consult our toplist to pick the best sportsbook for Formula 1 betting.
Spread Betting in Formula 1 Racing
Spread betting in Formula 1 racing is a very flexible way to wager on the sport. You can bet on a team winning or losing and by just how many positions or points in the standings. The more “right” you are the more you win as opposed a typical win or lose bet. Check out spread betting sites for Formula 1.
Formula 1 Sports Trading Sites
If you are familiar with how the stock market works you will love sports trading for Formula 1 betting. As the season beings place a bet that Team A will stand at the top of the rankings at the end of the years. This will be a “long shot” with very impressive odds. When July and August arrive a combination of excellent performance by Team A combined with injuries and accidents plaguing the former favourites put Team A at the top of the pack. But, you are not certain that they will remain there. However, the odds have greatly improved for Team A and with a sports trading site you are allowed to sell or lay off your initial wager for a tidy profit. As with the stock market, you can take your profit at the most opportune time!
Formula 1 Matched Betting
This is more of a technique than a platform. It hinges on the promotions offered by sportsbooks. If a sportsbook offers a 100% match promotion, which you will discover by consulting the toplist, you will need to make a wager with your deposit. The strategy is to lay off that bet on a betting exchange with an “opposite wager.” When this is done correctly, there is little or no win or loss on the first wagers. And, the punter receives the promotion to bonus to wager as desired. Check out the matched betting link to see how this works.
Most Popular Formula 1 Betting Markets and Wagers
A punter interested in betting on Formula 1 events will probably start out with betting on who will win a specific Grand Prix event or who will be crowned champion at the end of the year. But, the variety and depth of Formula 1 betting opportunities are as rich and potentially rewarding as the sport itself. Here is a list of common wagers.
Although there are ten teams of constructors in Formula 1 racing, there are twenty vehicles and twenty drivers. Thus it is possible for a driver for Ferrari to be competing against the other Ferrari driver on the final lap of an event or in the final events of the tour. The top 10 drivers of a single event gain points (25, 18, 15, 12, 10, 8, 6, 4, 2, 1). Obviously, drivers who finish at or near the top every event rank well at the end of the tour and those who never break out of the bottom ten become after-thoughts. Although drivers get paid whether they win or lose, the championship trophy and better wages go to the top finishers. These are the 2019 Formula 1 drivers by team.
- Mercedes: Hamilton and Bottas
- Ferrari: Vettel, Leclerc
- Red Bull: Gasly, Verstappen
- Renault: Ricciardo, Hulkenberg
- Hass: Grosjean, Magnussen
- McLaren: Norris, Sainz
- Racing Point: Perez, Stroll
- Alpha Romeo: Raikkonen, Giovinazzi
- Toro Rosso: Albon, Kvyat
- Williams: Russell, Kubica
The 2018 winner and leaders and point counts are these:
- Lewis Hamilton: 408
- Sebastian Vettel: 320
- Kimi Räikkönen: 251
- Max Verstappen: 249
If you want to bet on the winner it is a season-long endeavor. A useful option in regard to drivers is to bet early and then lay off the bet when the odds improve in order to lock in a profit!
Head to Head Drive Betting in Formula 1
By the end of last season Hamilton had opened up such a large lead that his victory was almost a foregone conclusion. But, Kimi Räikkönen with 251 points and Max Verstappen with 249 points were very close. Thus, there can be interesting and potentially profitable wagers on driver head to head betting both for individual Grand Prix events and for the final rankings.
Team Head to Head Betting in Formula 1
Rather than betting on the driver, many punters focus on how well the constructor or team is doing. Last year’s champion was Mercedes followed by Ferrari followed by Red Bull. As with the driver situation, there can be wide gaps between positions or narrow gaps. The narrow gaps are where head to head team betting in Formula 1 becomes interesting.
More Formula 1 Betting Options
Because of mechanical difficulties, a car may not finish the race. This is a possible bet as is the winning margin of first place over the next car. Betting that a car and driver will finish in the top ten can be a low-risk bet or it can offer long odds and the chance of an impressive profit, depending on which car and driver one chooses.
Other wagers include predicting the fastest lap, the top three finishers in order, who leads after the first lap, and the winning time, plus or minus.
There are even more Formula 1 betting options depending on the site you choose, the platform, and your choice of strategy. Start with the previews on Betopin and then check out the toplist for the best Formula 1 betting site for your wager.
Formula 1 racing has a rich history and an exciting present. Every year there are new surprises and new drama. The punter who makes it their business to keep up with the details can wager successfully and fill their pocketbook while enriching their life when following this great sport. Knowledge is power, or so they say. Start by staying up to date with the previews on Betopin, use the information on the site to better understand your betting options, and always consult the toplist for the best Formula 1 betting sites for the bets that you want to make.