Best F1 Betting Sites & Apps Canada December 2024

In this F1 betting guide, we'll take you through the various options available to Canadians. From the best welcome offers to the top F1 betting app experience, we lay all the information out so you can make the most informed choice when signing up to a sportsbook.

Whether you want to bet on F1 championship odds or experience the thrill of live F1 race betting, you can find all your options below!

Please note if you are located in Ontario any mention of free bets or bonuses is not meant for you. For more information on Ontario sports betting please see our dedicated page.

Best F1 Betting Sites to Bet on Formula 1 Races

We've scoured the internet to find the best F1 betting sites and unearth what makes each one unique. If you're looking to bet on F1 then use our reviews to shape your choice and nail the perfect intro offer.

You might be looking for a great matched deposit deal. Or you could nail an F1 free bet. Whatever you're looking for, we're confident you'll find your perfect F1 sports betting site with us!

bet365 F1 Betting

bet365 offers more than 35 different bet options heading into every F1 Grand Prix of the season. You can bet on the simple stuff like race winner and finishing positions or go deep by betting on qualifying and even Free Practice at tracks such as Silverstone and the Jeddah Street Circuit. 

There are F1 Bet Boosts available for each race, with improved odds on specific drivers. New bettors can earn a low-risk welcome offer when placing a $1 bet and earning $100 in credits. A $10 minimum deposit is required, and you can wager on any sport – not just F1. Plus, bet365’s customer support is top of the range with 24/7 live chat available for all players.

PointsBet Canada Formula 1 Betting Site

PointsBet does the simple things right with a slick sportsbook available to F1 betting fans in Canada and an easy sign-up process. The site prioritizes quality over quantity when it comes to F1 bets, so don't expect an overwhelming range of options. However, it does the basics right with odds for race winner, podium places, etc. and new bettors get up to $1,000 in Second Chance Bets, plus 5 x $10 in bonus bets for making a $10 minimum deposit and using the promo code WELCOME.

888Sport F1 Betting Sportsbook

888sport was one of the first sportsbooks to launch when Canada legalized sports betting, and it keeps its F1 odds pretty simple. Bettors can wager on core markets like race winner, point finish, and fastest lap and get great odds. The sportsbook provides players with a 'Top Motor Racing Bets' banner that shows you the most popular wagers on the sport, making it easier to back evident dead-certs. This includes betting on next season's Drivers' and Constructors' Championships before the current season has even ended! 

BetVictor F1 Race Betting Site

Trending Bets is a new feature at BetVictor that can transform your F1 betting experience. The bet boosts highlight the most popular wagers heading into the next grand prix and expand the odds for greater potential profit. You can also bet on the Championship Winner without perennial world champion Max Verstappen and the Constructors' Championship without Red Bull! Another great bet option is wagering on drivers to retire during races – something not offered at every sportsbook.

FanDuel Formula 1 Betting Site

FanDuel was one of the first North American sportsbooks to go really big on F1, and the site stands out for its amazing array of odds and expert analysis ahead of each grand prix. Famed for its offers, F1 betting fans at FanDuel won't be left disappointed. There's a ''No Sweat First Bet' welcome deal that repays your first bet, if it loses, up to $1,000. 

Parlay insurance and a $150 Refer a Friend bonus are further perks you can trigger. The F1 betting pages are live all season long and make sure you check out the odds ahead of Friday qualifying for the best prices at each race.

Best Formula 1 Betting Apps

F1 betting apps help take this sport to a whole new gear. Download an F1 bet app and feel the force of being able to wager on your phone or tablet, wherever you are. Apps are the best way to stay on top of live action without any glitching. You can make quick payments and jump on live odds fast, as well as trigger rapid withdrawals when you need to cash in.

What’s more, you’ll never miss out on an F1 bet deal because you can get notifications direct to your handset! Here are the six best apps those enjoying F1 betting in Canada can access today:

Unibet F1 Online Betting App

Unibet offers one of the best F1 betting apps Canada residents can download today. The app is super-slick with quick navigation to your favorite sports, live streaming available, and scores of in-play betting odds. Use the top banner to 'Opt In' to regular F1 betting promotions and access driver-focused special bets, such as number of pit stops, fastest pit stop, margin of victory in practice, and other great combos.

DraftKings Formula 1 Betting App

If you're seeking F1 futures betting on your phone, then the DraftKings app is the place for you. Not only is the app easy to log into and flick between sports, it also offers exciting F1 futures markets on upcoming North American races. Look ahead to bet on the race winner from Vegas and Montreal or check out the coming weekend's odds that include amazing driver and team props.

Bet on everything from the nationality of the race winner through to both cars from a team finishing the race! 

Caesars Sportsbook F1 Betting App

The Caesars Sportsbook in Canada is best enjoyed via the app, where all your Caesars Rewards details can be easily stored. F1 bettors can earn Rewards points via the app whether they win or lose bets, and nail prizes like sports tickets, restaurant freebies, and VIP experiences. Caesars delivers a strong range of F1 odds without going into overwhelming detail. App users can also access Caesars Sportsbook locations and watch F1 races live from around North America! 

BetRivers F1 Online Betting App

Accumulator betting in F1 is a growing trend, and the best place to put on an F1 acca is at BetRivers. The app offers players acca insurance where you get your stake back as a free bet if one leg of the combination bet fails.

This means you can wager more freely on a grand prix, combining outcomes like race winner, podium finish, and fastest lap and boosting your odds. The BetRivers app facilitates the easy creation of combo bets via the bet slip. 

Bwin Formula 1 Betting App

The Bwin app is the best for F1 betting fans seeking to stay on top of all the action. Fast bet alerts and updated odds notifications help supercharge the betting experience and means you can stay on top of grands prix even if you're busy doing other things.

Live stats and streams are also available, and Bwin allows players to stay logged in for longer. New bettors can earn a Back Up Bet upon opening an account. Here, you get your stake refunded as a free bet if your first wager loses.

Northstar Bets F1 Betting App

NorthStar goes big on in-app promos that are likely to keep F1 betting fans happy throughout the season. Daily bet boosters are in place to help your wagers ahead of grands prix, and you can use the Sports Insights tab to trigger further deals and get advice on your bets. NorthStar makes it easy to bet on race winners and podium places in the same market, plus you can bet on matchups between drivers. 

Where Can I Bet On Formula 1? How to Choose a F1 Betting Site

Choosing from the wide range of F1 betting sites isn’t exactly easy, but there are ways to focus your options and pick between just two or three. The big thing to do is think about what you want from an F1 betting experience.

Are you looking for the best odds, the widest range of bet options, or fresh F1 tips to keep you ahead of the pack?

Here are some things to consider before you start F1 sports betting:

New Customer Bonus 🏆

Add some fuel to your F1 betting experience with a killer new customer bonus. When it comes to F1 betting Canada residents have plenty of options, so make sure your chosen bookmaker rewards you for your loyalty with them over anyone else. Trigger a welcome deal such as a matched deposit bonus at BetRivers, or free bets at PointsBet, and get rewarded before you even bet!

Existing Customer Offers 💰

Loyalty is everything in sports betting and you deserve a sportsbook that keeps giving back. If you like continuous perks, look for a betting site like Caesars that doles out existing customer offers like they’re Lewis Hamilton championship trophies! Free bets, boosted odds, and F1 betting competitions are what you need to look out for here on all sorts of drivers and teams from Carlos Sainz Jr. and Charles Leclerc to Aston Martin.

Customer Support 📞

Even the best F1 betting site has to prove that it looks after its customers. Finding a sportsbook that delivers top customer support is crucial to ensuring you have a safe, enjoyable betting experience. Look for sites like bet365 that offer multiple sources for contacting support resources. These include live chat, phone line, social media, postal address, email, and links to relevant problem gambling resources.

Betting on Other Sports ⚽️

There are 23 races in an F1 season, which means for more than half the year there isn’t a grand prix to bet on. The best sportsbooks give players access to odds on other sports, so you can enjoy the likes of UFC betting, football betting, tennis betting, golf betting or even eSports betting without any fuss. A site like Unibet has a world-class sportsbook with more than 40 sports to wager on throughout the year. What’s more, you can find guides on how to bet on these other sports, so you can become an expert here as well as F1!

Range Of Payment Methods 🏦

Canadians are permitted to deposit and withdraw using a wide range of payment methods, but not every sportsbook facilitates these options. Think about how you want to deposit and withdraw, and then look for a site that meets your needs. Sportsbook Northstar facilitates seven payment options, including Visa, Mastercard, eCheck, and iDebit.

F1 Betting App 📱

Get faster odds without any glitches and access your F1 bets on the go with an F1 betting app. If you prefer to bet on mobile then apps are your go-to option and are far better than using unregulated sites that stick to browser-optimized mobile sportsbooks. FanDuel, for example, has won awards for its sports app experience. 

Easy to Use Website 🖥️

If you want to bet on desktop, you’ll need an easy-to-use website to access your F1 bets. Make sure you explore a site thoroughly before signing up, looking at how you navigate from the homepage to the F1 odds, the cashier, and the help pages/live chat. A site like bet365 is ideal.

Betting On F1 In Play 📺

Live F1 betting takes following this sport to a whole new level and is the best way to squeeze more value out of your wagers. Odds go live at Lights Out and last until the end of the race, with bet options including Race Winner, Podium Finish, Next Car To Withdraw, Lap of First Pit Stop, and Fastest Lap. Check out an app like Bwin that offers a mega amount of F1 odds each race.

Cash Out Options 💰

Many F1 betting fans prefer to cash out midway through races when their bets are winning, in order to avoid the disappointment of a tyre puncture ruining their day. The best Formula 1 betting sites allow cash outs at great odds. For example, bet365 permits cash outs and will credit your account in seconds. You then have the flexibility to reinvest your winnings before the race finishes. 

F1 Free Bets

There are scores of great deals you can land at Canadian sportsbooks when betting on F1. Free bet offers come in many shapes and sizes, but they all aim to give you a helping hand when chasing profit.

The most common form of free bet is a reimbursed losing bet, where your stake is returned as free bet credits. In the case of FanDuel, the ‘No Sweat Free Bet’ deal pays back up to $1,000 if your first wager loses.

Other free bet offers include something like 5 x $10 free bet tokens. These should be used on all F1 markets but remember you only earn your profit back as cash, not your profit + stake.

Finally, free bets encompass the idea of enhanced odds and offers centered around grands prix. For example, Canadians can usually trigger bet boosts at bet365 ahead of major races like the Canadian Grand Prix, Monaco Grand Prix, and British Grand Prix. Some sites will offer bet boosts on every race, but it’s the big, season-defining races, that really get sportsbooks active.

F1 Championship Betting

When it comes to F1 betting Canada goes big on the one World Championship that matters the most in F1. You can wager on this outright market before the season even starts and back the winning driver. The odds can rapidly change throughout the season, especially if it's a two- or three-horse race.

888Sport, for example, opens its market on the next F1 drivers championship bets midway through the previous season. It all changes during February testing when the new cars are put through their paces, while the summer break is another ideal moment to assess your F1 championship bets before placing them at the best sports betting sites Canada has to offer.

Betting on F1 Races 🏁

Betting on F1 takes many forms and is a very different experience compared to NFL or soccer betting. Indeed, it's not all about who wins the race – although this is, of course, a major market. Here are the types of F1 race betting options you can find at the best sportsbooks:

• Race Winner – Bet on who will win a grand prix. It's as simple as that. Just like with horse racing, many sportsbooks allow you to bet each way on this market and still earn a payout if your driver finishes second.
• Podium Finish – Back a driver to finish first, second, or third. The odds here are shorter than the Race Winner odds but can still be hugely profitable.
• Finish In The Points – Just like a Top 10 bet on golf, you can back a driver to finish in one of the 10 points-scoring positions during a grand prix.
• Pole Position – Bet on F1 qualifying during Saturday's session and back a driver to start in pole position.
• Fastest Lap – F1 drivers earn an extra championship point if they record the fastest lap. You can bet on the Fastest Lap odds, which are sometimes more exciting than the Race Winner markets as we enter the final few laps!
• Safety Car? – Bet on whether a safety car will be deployed during a grand prix. In effect, you're betting on a big crash here!
• Number of Finishers – Wager on how many of the 20 competing cars will actually finish the race. In a grand prix like Monaco, it's almost guaranteed that there will be one or two wipeouts and tyre punctures.

How to Bet on F1 in Canada 🏎️

Betting on F1 in Canada is very straightforward. The first thing bettors need to do is find their ideal sportsbook using our reviews at Bookies.com and follow our link! It's important to do this as you can then be sure to activate the correct welcome deal.

Signing up to an F1 betting Canada site takes only a few minutes. Enter your personal details and be ready for a verification process involving your email and possibly your ID. This extra layer of security helps fight fraud and money laundering activity.

Once you've created your betting profile. you can make a first deposit and trigger your welcome offer. From there, it's a case of heading to the sportsbook, searching for an upcoming F1 race to bet on, and clicking on your preferred odds! Enter your stake in the bet slip, check the risk and potential reward, and hit Place Bet to complete the process.

Where to Bet on F1 Races 🏁

There are scores of great sportsbooks to bet on F1 in Canada. So many, in fact, that the big decision for bettors is who to go with. The best way to make a decision is to read the reviews of each F1 betting site, see what offers and odds are available, and then check out the site yourself via our links.

From here, you can explore a site and make your decision. When you're ready to sign up, hit the 'Join' or 'Sign Up' button on the home screen.

Many of the best F1 betting sites also offer apps for Canadian players. In this instance, click through to the site from our links and then scroll to the bottom of the homepage to click the app download link!

Formula 1 Betting Sites Available Payment Methods

Canada legalized online sports betting in the summer of 2021 and quickly regulated how F1 bettors can fund their accounts. Below are the most popular payment methods for F1 betting sites:

Visa/Mastercard 💳

Most sportsbook transactions are conducted via bank cards, such as Visa and Mastercard. Depositing with a bank card is just like buying clothes online and takes a matter of minutes. You can safely store your card details in your sportsbook for future use and withdraw via the same method. Big Five banks such as Royal Bank of Canada and Bank of Nova Scotia accept these payments to F1 betting sites.

E-Wallets 💵

Canadians can also deposit and withdraw into F1 betting accounts via e-wallets like ecoPayz and PayPal, and the Canadian e-wallet Interac. This is ideal if you want to keep your sports betting payments off your bank statements.

Bank Transfer 🏦

It’s possible to process direct bank transfers into sports betting accounts, which is ideal for high rollers dealing with thousands of dollars. There’s no maximum limit on how much you can withdraw. However, players need to be aware that wire transfer deposits and withdrawals take longer to process manually than the automatically approved card transactions.

You can also deposit and withdraw via iDebit, eCheck, and Instadebit, depending on your chosen sportsbook.

Cryptocurrency 💲

Canada does not permit cryptocurrency transactions for sports gambling purposes.

Can I Bet on F1 Online Legally in Canada?

Betting on F1 in Canada is legal, and players will need to confirm their legality to play depending on their province. Bettors in Ontario, for example, can choose from as many as 40 sportsbooks to bet on F1. However, bettors in other provinces may need to join international sites that regulate their F1 odds under other licenses because their province is yet to regulate its in-state sports betting industry.