Formula 1 Betting Sites

Formula 1 is a hugely popular sport and so understandably, the demand for Formula 1 betting sites has increased in recent years. In this article, we share the best online bookmakers for F1 betting, review our favourite bookmaker websites, Apps, and online F1 betting bonuses, and explain how to place a bet on Formula 1. We'll also share our top F1 betting tips, explain the various F1 markets out there, and give you a run down of the most important F1 competitions you should know about.

Best Online Bookmakers For F1 Betting

Last updated: 24.9.2022

🥉 Ranked 3rd for Promo Offers

  • Decent range of F1 bet types available
  • Welcome offer - bet £10, get £30 Free bets

The company offers a £30 free bet after you place a qualifying bet of £10 or more at minimum odds of 1/1 or greater. Customers depositing funds with prepaid Visa's and Mastercard's, or e-Wallets will not qualify for this promotion. No wagering requirements on the free bet winnings. Full T&Cs Apply.

🥈 Ranked 2nd for Promo Offers

  • In play betting available
  • New customers get 2 x £15 Free bets with code H30

Sign up using H30 in the Promo Code section. Place a £10 bet at minimum odds of 1/2 (1.50). After the qualifying bet settlement, 2 x £15 free bets will be available in the Rewards section. Free bets credited will expire 30 days after the qualifying bet is placed. You cannot take the value of free bets as cash, returns exclude bet credits. Free bets are not available to new accounts paid into by PayPal, Neosurf, Paysafe, NETELLER, Skrill, ecoPayz, Kalibra or Postepay. T&Cs Apply.

  • Exciting range of F1 markets
  • New customer offer: Bet £10, get £30 in free bets plus a £10 casino bonus

That’s one of the best betting offers available in the market. The minimum deposit is €10. A qualifying bet is a real money stake of at least €10 at odds of 1.50 or greater. Free bets valid for 7 days. Free bet stakes are not included in returns. The casino bonus must be claimed within 7 days. To withdraw bonus/related wins, bet wager bonus amount 40 times within 14 days. The casino bonus expires after 60 days. Full T&Cs Apply.

  • Wide rings of markets for betting on F1 available
  • New mobile customer offer - bet £10 get £20 Free bets

The free bets are available for new customers only: €/£40 in free bets as €/£30 in sports bets and a €/£10 casino bonus. Minimum free bet stake is €/£10. Minimum odds Evs. Free bets are applied on first settlement of any qualifying bet. The free bets valid for 7 days. There are time restrictions to activate the free bet promotion: 14 days to accept €/£10 casino bonus which is then active for 3 days only. Casino bonus 5x wagering and maximum redeemable €/£100. Cashed out/free bets won't apply. There are 30 days to qualify. T&Cs Apply.

🥇 Leader in Hi-Tech Features

  • Very wide range of F1 bet types available
  • Sports welcome offer - bet £5 get £30 Free bets

Get 2 x £10 free bets on your first £5 qualifying bet and another £10 casino bonus. Place your first bet of £5 or more at min odds of evens (2.00) or greater. You must do this within 7 days of registering an account. Free bets valid for 7 days. T&Cs Apply.

  • Very good range of F1 markets
  • 50% matched bonus amount up to £50 for new customers

Make a deposit starting from £15. The maximum free bets credited amount is £50. You have to wager the amount of the deposit and reward 8 times. Accounts which funds are paid into by Skrill and Neteller do not qualify for the promotion. The minimum single's odds for wagering are 4/5, and each selection in the accumulator bet must be at odds of 2/5. Full T&Cs Apply.

  • Surprisingly good range of F1 markets available

A free bet is up to £25. If the your first qualifying bet loses, 50% of it is credited as a free bet. The odds must be 2.0 (1/1) or greater. To get a 50% refund, you need to make at least 3 bets. 2 of them must be 50% of the largest bet. Payment method exclusions apply: Customers depositing funds with Skrill or Neteller will not qualify for this promotion. T&Cs Apply.

  • Easy to navigate website and app
  • Wide range of F1 markets including qualifiers

🥉 Ranked 3rd for Service Quality

  • In play betting available for F1 racing
  • Huge range of F1 markets including specials
  • New customer offer - bet £5 get £20 in free bets

Register a new Ladbrokes account making a qualifying deposit of £/€5 or more. Place cumulative qualifying bets to a total of £/€5 win or £/€5 each-way at odds totalling 1/2 or greater. You’ll get 4 x £/€5 free bets paid after the qualifying bet settlement. That’s one of the best betting sites free bet offers in the UK. Free bets valid for 7 days only. The free bet must be wagered in full, and can be redeemed on any sportsbook market (excluding tote and pools). T&Cs Apply.

🔥 Leader in UK

  • Easy to navigate website and app
  • Attractive new customer offer - Bet £10, get £50 in Free bets
  • Wide and varied range of F1 markets, with in play betting available

Sign up, and deposit £10 or more within 30 days of registering your account to qualify for a 100% matched amount in Bet Credits. Place qualifying bets to the value of your qualifying deposit (capped at £30) and allow these bets to settle. Bet Credits will be available shortly after your qualifying bets have settled, up to £30. You can then place bets with Bet Credits by choosing this option in bet slip. Bet Credits are non-withdrawable, winnings exclude bet credits stake. AstroPay Card, Neteller, paysafecard, Skrill and Skrill 1-Tap cannot be used for qualifying deposit. Bets placed must contain at least one selection at min odds of 1.20. Instant Games, Gaming, void bets or In-Play bets which are settled as a push will not count. Full T&Cs Apply.

  • Great range of F1 markets available
  • New customers get £10 back in cash if their first bet loses

Register a new betting account with a promo code YSKAMR, deposit £10 or more and place your first qualifying bet of £10. If it loses, the betting site will return it to the main account in cash, not free bets. The transfer will be processed within 1 hour after the qualifying bet settlement as a loser. Full T&Cs Apply.

  • Easy to navigate website and app
  • New customer offer - Bet £5, get a £20 Free bet
  • Huge range of F1 markets, including specials

Register a new online account. Deposit and bet £5 on any sport. (Minimum odds 1/2). As soon as your qualifying bet is settled, Coral will credit your account with 1 x £20 free bet. The promo is not available to customers who use following deposit methods: Prepaid Cards, Moneybookers, Apple Pay, Paypal, Paysafe, Neteller or Skrill. Free bets valid for 7 days after being credited to your betting account, otherwise they will expire. T&Cs Apply.

  • Great range of F1 markets to choose from
  • New customers bet £15 and get a £10 Free bet

 Make a £10 deposit and place a £10 qualifying bet to get a £30 Free bet to place with min odds of 1.5. Free bet valid for 7 days, 1x wager the winnings to withdraw. Skrill deposits excluded.

  • Easy to navigate website
  • Get a £40 refund if your first bet loses, plus a £10 casino bonus

You get the bonus if your first bet loses. To participate in the promotion you need to place a real money bet of at least £1. The bet placed must be a single at min odds of 2/5 or an accumulator bet with selections at min odds of 2/5 or greater. To withdraw bonus money you need a min wagering 3 times. Additionally, a £10 casino bonus with an x50 wager calculated. T&Cs Apply.

  • 50% matched bonus amount up to £50 for new customers
  • New customers bet £15 and get a £10 Free bet

To get a free bet a beginner must make a deposit and place a bet starting from €15 at odds of 1/1 or greater. The free bet can be used for bets at min odds of 4/5. T&Cs Apply.

Formula 1 Betting Sites Reviews

There are lots of sports betting sites out there where you can bet on Formula 1, but in this section, we'll review our top seven F1 betting sites in more detail.

Coral F1 Betting Review

With Coral, new customers can receive an initial bonus amount of £20, when they deposit and make a qualifying bet of at least £5. Not only that, but Coral have a generous range of F1 betting markets, as well as in play betting options for punters to enjoy. Formula 1 betting is great fun at Coral (when you of course remember to play responsibly). Their user-friendly website and intuitive app make Coral one of the best choices of Formula 1 betting sites.

Coral Welcome Bonus: £20 of Free bets

Coral Welcome Bonus: £20 of Free bets

They advertise "Fast Cars and Fast Prices 24/7" and that is what they deliver. From their Formula One main page you can navigate to either the standard markets for the next upcoming Grand Prix, the "Race Specials", or the Outright Season Long Drivers and Constructors Championships.

Coral F1 betting markets

Coral F1 betting markets

Once you are through to the main upcoming race page you are presented with all there popular odds boosts along the top and the list of divers who the think will win the race outright. Scrolling down brings up further markets such as podium finish, will there be a safety car, etc etc.

Pros:

  • Huge range of F1 markets, including specials and In-play betting.
  • New customer offer - Bet £5, get a £20 Free bet.
  • Easy to navigate website and app.

Cons:

  • No race stats or data.
  • Website looks bland.

BetVictor F1 Betting Site Review

When searching for good Formula 1 betting sites, we look for an easy to navigate website, a great range of F1 betting options and attractive promotions. BetVictor offers all three, and more. Punters will need to do a little searching to find the F1 betting markets, but once they do, there are some exciting options, as well as in play betting markets.

BetVictor Welcome Bonus: £40 of Free bets

BetVictor Welcome Bonus: £40 of Free bets

The main F1 section displays all the Bet Boosts for the upcoming race, highlighting pretty interesting bets compared to simply who will win and at some great odds.

BetVictor Formula One race bet options

BetVictor Formula One race bet options

Bringing up the next F1 race brings you straight to who is going to win the race, which is the most common thing for people to bet on. Helpfully listed in ascending order of their chances of winning you are also helpfully shown the Each Way terms, you will get paid 1/5 of the odds for the place part of the bet if your driver finishes 1st, 2nd, or 3rd.

Pros:

  • New customers get £40 of Free bets when they deposit and bet £10.
  • Wide range of F1 markets including qualifiers, the main race, and In-play betting.
  • Easy to navigate website and app.

Cons:

  • Not always the best odds.

Ladbrokes F1 Betting Review

Ladbrokes have long been a big name in the sports betting world. With in play betting options, free bet credits for new customers and a great range of F1 betting markets, Ladbrokes is a solid choice for fans of Formula 1 betting. Ladbrokes present a range of exciting F1 markets, including race specials and in play betting. Enhanced odds are also available with their Price Boost markets.

Ladbrokes Welcome bonus: £20 of Free bets

Ladbrokes Welcome bonus: £20 of Free bets

The main Formula 1 section of the Ladbrokes site is a pretty bland affair. It is functional though and you can easily take yourself from this page to either:

  • The upcoming race
  • In Play markets (sometimes with live streaming)

  • Other MotorSport competitions, for example, Moto GP
  • The Outright winner markets, for example, Driver and Constructors Championship odds
Ladbrokes Race winner market

Ladbrokes Race winner market

Once you have chosen to view the next F1 GP race, you are taken to the betting odds of who will be the race winner. Underneath this they display some of the popular "Get A Price" requests that they have received via Twitter. This is a nice feature to give you some interesting betting ideas away from the set events.

Pros:

  • Huge range of F1 markets including specials.
  • In play betting available for F1 racing.
  • New customer offer - bet £5 get £20 in free bets.

Cons:

  • Very rarely the best odds available.

PaddyPower F1 Betting Site Review

PaddyPower are probably best known in the horse racing sphere, but they also offer a great range of F1 markets, once you find where they are hidden on their website (you will need to access the A-Z of sports menu, then select Motor Sport to find the F1 menu). As well as a solid selection of betting odds for F1, PaddyPower also offer new customers £10 bet in cash if their first bet loses, which should soften the blow if your wager is not successful.

Paddy Power Welcome Bonus: £10 cash refund (no min odds)

Paddy Power Welcome Bonus: £10 cash refund (no min odds)

Paddy Power are quick to offer Free bets to existing customers too, and any upcoming promotions offering Free bets are displayed prominently here with guidance on how to place qualifying bets.

Paddy Power F1 Belgian GP odds

Paddy Power F1 Belgian GP odds

Clicking on the next available race will bring up the odds for who will win it and you can quickly bring up other bets such as who will be the first lap leader, who will finish in the points, who will be in the top three and more.

Pros:

  • New customers get £10 back in cash if their first bet loses.
  • Great range of F1 markets available.

Cons:

  • F1 markets are hidden under Motor Sport in the A-Z of the sports menu, so not immediately obvious.

888Sport F1 Betting Review

There's an exciting range of F1 markets to be found at 888Sport, although you will need to search the sports betting menus a little to locate them. As well as the standard outright winner F1 markets, you can also find bets relating to the safety car or first pit stop. New customers can also take advantage of 888Sport's welcome offer of £20 in free bets plus a £10 casino bonus when they sign up and bet £10.

888Sport Welcome Bonus: £30 of Free bets

888Sport Welcome Bonus: £30 of Free bets

888Sport are quick to explain they cover all Motor Racing Bets, not just F1, but the main page on the day of a F1 race will be dominatedby there bets. They have a scrolling banner showing the most popular Motor racing bets of the day giving you an idea of what set events everyone else is putting their money on.

888Sport F1 racing bets page

888Sport F1 racing bets page

Delving down into the race market you are taken to who the winner of the race will be, and from there can maneuver to other betting markets.

Pros:

  • Exciting range of F1 markets.
  • New customer offer: Bet £10, get £30 in free bets plus a £10 casino bonus.

Cons:

  • You'll need to search the menus to find the F1 markets.

William Hill F1 Betting Site Review

William Hill has a fairly standard range of F1 racing markets available, but they do offer in play as well as pre-race betting options, which might interest punters looking for some live action betting. New UK customers get 2 x £15 Free bets with code H30 but take care as payment method exclusions apply.

William Hill Welcome bonus: £30 of Free bets

William Hill Welcome bonus: £30 of Free bets

The William Hill Motor Racing section is a thing of beauty, and you can see that there is no need to wait two weeks or more for the next real race because they offer "Virtual Motor Racing" too. The F1 homepage shows what are the enhanced odds bets of the day and the main markets underneath that.

William Hill F1 Race Winner market

William Hill F1 Race Winner market

The Winner of the Race bets are well laid out ranking each driver's chances logically in order from the top left down. You can see odds will range from just over Evens for the favourite out to a massive 2000/1 for the outsiders.

Pros:

  • New customers get 2 x £15 Free bets with code H30.
  • In play betting available.

Cons:

  • Fairly standard range of F1 markets available.

Bet365 F1 Betting Review

Bet365 is one of the market leaders when it comes to betting on F1 racing. With a great range of betting options for F1, as well as a user-friendly website and app, you are sure to find the right bet type for you, with little fuss. With great odds, live streaming options and an attractive welcome offer for UK customers, Bet365 is a good choice of F1 betting site.

Bet365 Welcome Bonus: £50 of Free bets

Bet365 Welcome Bonus: £50 of Free bets

Bet365 has a great F1 product too and they have over 21 markets listed for the upcoming race, this is as well as a wide range of odds boosts for various bets.

Bet365 Belgian GP "To Win Outright"

Bet365 Belgian GP "To Win Outright"

When it comes to betting on who will win outright the options are clearly displayed as well as any bet boosts that are relevant here.

Pros:

  • Wide and varied range of F1 markets, with in play betting available.
  • Attractive new customer offer - Bet £10, get £50 in Free bets.
  • Easy to navigate website and app.

Cons:

  • Website can not be accessed from abroad or if you use a VPN.

How To Place A Bet On Formula 1

If you’re looking to place a punt on Formula 1 online but you're new to sports betting or you’re not sure how to go about it, then worry no more! We’ve got your back with this handy step-by-step guide to making a wager on F1. In this example, we’ll be looking at how to bet on a specific driver to win the race outright:

  • First, select the F1 betting site you’d like to bet with (don’t forget to refer to our top picks for this, if you don’t already have one in mind).
  • Click ‘sign up’, ‘create account’ or ‘join’, then enter your personal details and create an account. Remember to enter any promotional codes that may be required to take advantage of any welcome offers.

    New Coral Customers are eligible for £20 of Free bets

    New Coral Customers are eligible for £20 of Free bets

  • Once you have an account set up click on ‘deposit’ and select your chosen payment method to deposit funds into your account. If you are intending on taking part in the Welcome offer Free bets remember that payment method exclusions apply so choose carefully.

  • Click on the ‘Formula 1’ section of the F1 betting site - this can often be found in the ‘A-Z of Sports’ menu, usually on the left hand side of the webpage; it will sometimes be listed under ‘motor sport’, rather than ‘Formula 1’.