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New online customers only, min £10/€10 stake, win only, min odds 1/2, free bets paid as 3 X £10/€10, 30 day expiry, free bet/payment method/player/country restrictions apply. See full terms below.

Best F1 Betting Sites 2020 – Get The Best Offers For Racing

Formula 1 is an astonishingly popular sport across the globe and there are very few nations in the world that do not buy into it. In this article we are going to take a look at a brief history of formula before taking look at the different Grand Prixs, the current drivers and teams, F1 records, the various betting markets available and what we consider to be the greatest betting sites available for punters at the moment.

A Brief History Of Formula One 

Formula 1, or F1 as it is often referred, the highest class of single seater auto racing. Formula 1 started off as the European Championship of Grand Prix Racing in the 1920’s and 1930’s. The worlds drivers championship as we now know it was first formalised in 1947 with the first Grand Prix being held at Silverstone in 1950.  

Best F1 Betting Sites 

If you fancy getting involved in any of the above markets we have listed our Best F1 Betting Sites below.  

Up to £100 in Bet Credits for new customers at bet365. Min deposit £5. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and T&Cs apply.
New online customers only, min £10/€10 stake, win only, min odds 1/2, free bets paid as 3 X £10/€10, 30 day expiry, free bet/payment method/player/country restrictions apply. See full terms below.
18+ Eligible UK+IRE players. Paypal & some deposit & bet types excl. Min first £5 bet within 14 days of account reg at min odds 1/2 = 4x £5 free bets. Free bets valid for 7 days, stake not returned. No cashout, restrictions + T&Cs apply
New Customers only; Min. deposit £15 (no Skrill/Neteller); Bonus amount is 100% of deposit up to £50; Offer can be claimed once per household; Wager the qualifying deposit and bonus amount 8x within 30 days to convert bonus winnings into real money; Wagers must be on min. odds of 4/5 on singles or acca bets with min. odds of 2/5 per selection to qualify; Max. stake contribution to wagering requirement is the value of your bonus; Certain bet types are excluded; See full terms; Terms apply; 18+
New customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply.
New customers only, limited to one per person. If you’ve previously had a Paddy Power account, you will not qualify for the offer. Place your FIRST bet on any Sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is
18+ New UK+IRE customers. Paypal and certain deposit types and bet types excluded. Min £5 bet within 14 days of account reg at min odds 1/2 = 4 x £5 free bets. Free bets valid for 7 days on sports, stake not returned, restrictions apply. T&C's apply.
Sign up using promo code ‘SPORTS60’. Deposit & place first sports bet at a minimum of £10 in one bet transaction at evens (2.0) +. £30 paid in free bets within 48 hours of bet settlement, expires 7-days after issue. T&Cs Apply. 18+. Please Gamble Responsibly.
New customers only • Minimum deposit £10 • using deposit code 30F • Min odds 1/2 • Free bets expires after 7 days • Deposit balance is available for withdrawal at any time. withdrawal restrictions & full T&C’s apply
18+ T&Cs apply. Cash stakes only. Min £10 stake required for initial £5 free bet. Min odds ½. Max £25 in free bets. Subsequent free bets equal 50% average of each 3 qualifying bets. 13 bets required to receive full £25 free bet. Qualifying bet must be placed within 30 days of opening account. Free bet expires after 7 days. Payment method restrictions apply.
*New Customers only. Deposit and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only (1 at odds 2.00 or greater), expires in 7 days, plus a £10 Casino Bonus, expires in 7 days. Wager the Casino Bonus 40x to withdraw winnings. Credit or Debit card only. Geographical Restrictions. T&Cs Apply, See Below.

Current Grand Prixs 

There are currently 21 Grand Prixs in the season which runs from March to December. As you can see from the list below it really is scattered across the world: 

Australian Grand Prix – Albert Park Circuit 

Bahrain Grand Prix – Bahrain International Circuit 

Chinese Grand Prix – Shanghai International Circuit  

Azerbaijan Grand Prix – Baku City Circuit 

Spanish Grand Prix – Circuit de Catalunya   

Monaco Grand Prix – Circuit de Monaco 

Canadian Grand Prix – Circuit Gilles Villeneuve 

French Grand Prix – Circuit Paul Ricard 

Austrian Grand Prix – Red Bull Ring 

British Grand Prix – Silverstone Circuit 

German Grand Prix – Hockenheimring 

Hungarian Grand Prix – Hungaroring 

Belgian Grand Prix – Circuit de Spa Francorchamps 

Italian Grand Prix – Autodromo Nazionale di Monza 

Singapore Grand Prix – Marina Bay Street Circuit 

Russian Grand Prix – Sochi Autodrom  

Japanese Grand Prix – Suzuka Circuit 

Mexican Grand Prix – Autodromo Hermanos Rodriguez 

United States Grand Prix – Circuit Of The Americas 

Brazilian Grand Prix – Autodromo de Interlagos 

Abu Dhabi Grand Prix – Yas Marina Circuit 

Many of these tracks are brand new, one which isn’t is Monaco. This is probably the most iconic Grand Prix and takes place through the streets of Monte Carlo in May. 

The Current Drivers & Teams 

There are currently 10 racing teams in F1 that have 2 drivers each meaning there are 20 drivers on the starting grid. The teams compete for Contructors Championship and is based on the total amount of points their two drivers accrue. Individual drivers compete for the Drivers Championship. 

Mercedes – Lewis Hamilton & Valteri Bottas 

Ferrari – Sebastien Vettel & Charles Leclerc 

Red Bull Racing – Max Verstappen & Alexander Albon 

Mclaren – Carlos Sainz & Lando Norris 

Toro Rosso – Daniil Kvyat & Pierre Gasly 

Renault – Nico Hulkenberg & Daniel Riccardo 

Racing Point – Sergio Perez & Lance Stroll 

Alfa Romeo Racing – Kimi Raikkonen & Antonio Giovinazzi 

Haas F1 Team – Romain Grosjean & Kevin Magnussen 

Williams – Robert Kubica & George Russell 

Formula 1 Records 

Most Grand Prixs – Rubens Barrichello (326) 

Most Wins – Michael Schumacher (91) 

Most Pole Positions – Lewis Hamilton (87) 

Most Championships – Michael Schumacher (7) 

Most Constructors Championships – Ferrari (16) 

Popular Bets in Formula 1  

The Formula 1 markets are normally found within the Motor Sports tab of a bookmakers website or app alongside Motorbikes, Nascar and Supercars. You can typically bet on the following markets for a Grand Prix: 

To Win – This bet doesn’t really need any explanation and is simply predicting who will finish the race first and see the infamous chequered flag. 

Podium Finish – A bit like an each way bet, this is predicting that a drive will finish in th Top 3. 

Winning Margin – If you think a driver will win easily or that a race will be close, you can bet on how many seconds a driver will win by. These are usually set at Under 4 seconds, Between 4 and 8 seconds and Over 8 seconds. This is one of our formula 1 favorites for betting.  

Winning Nationality – Think two drivers have a chance that both hail from the same country? Why not hedge your bets and predict the winning nationality. 

First Driver To Retire – If a drivers team is struggling for car reliability you can place a bet on them being the first driver to retire.  

Fastest Lap – Opposed to backing the race winner you can take a punt on who will drive the fastest lap. 

Fastest Qualifier, Fastest Lap & Race Winner – If you fancy the race winner but the odds are too short you can make them somewhat larger by also betting on them to be the fastest qualifier and drive the fastest lap.  

2019 F1 Championship – You can also bet on who is going to be crowned overall champion in December. The 2019 F1 Championship odds have Lewis Hamilton installed as favourite. The F1 Odds Championship 2018 was also the same.