Enjoyed all over the world, F1 is a hugely popular sport for betting. The Formula 1 season takes place between March and December every year, with F1 Grand Prix occurring in many different countries, and there are endless F1 betting possibilities that are available pre-race and in-play.

The next stop in the Formula One circuit is the Hungarian Grand Prix, which takes place this Sunday, July 23rd.

F1 betting is provided by every bookmaker and the market that’s always available is the Formula 1 Drivers Championship, with customers able to bet on the winner of the current or next F1 season.

There are 20 drivers who compete for this title although there are usually only a handful that can end up winning the title.

There is often the chance to bet on the F1 Constructors Championship too. Sometimes the winning constructor is different to the winning driver, and it’s effectively like betting on the combined points for each driver pairing that race for the same constructor.

Best F1 Betting Sites & Sportsbook Promos

When it comes to F1 online betting, we recommend that customers open betting accounts with several different bookmakers: BetMGM Sportsbook, Caesars and FanDuel are atop our list, however, when the rubber meets the road.

The advantage to doing this is that F1 betting sites and sportsbook apps tend to offer a range of betting markets and you will give yourself more choice by having multiple operator accounts.

When it comes to a specific Grand Prix, an F1 betting site will offer you the chance to bet on several different aspects of a race. It often starts with Pole Position betting where you can wager on which driver will record the fastest time in qualifying to land themselves that important spot on the grid.

Once the grid positions are determined, you can then expect to see a massive range of pre-race betting markets for each Formula 1 race. In addition to Race Winner, you can get on Fastest Lap, Podium Finish, Points Finish, Complete the Race among several other markets.

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How to Bet on Formula 1

When it comes to Formula 1 betting, many people like to bet on the Grand Prix winner, although there are a few factors to consider with this market. Sometimes a particular driver might be under team orders to let his teammate stay ahead, especially if the latter is competing for a Drivers Championship title.

It’s also worth noting that the driver on Pole Position regularly fails to win the race overall. During the 2018 Formula 1 Championship, hardly any drivers converted their first position on the grid into a victory and the bookmakers often price this driver too short which means he can be opposed.

In-play betting on F1 is fantastic fun if you happen to be watching. We recommend that you only place F1 in-play bets if you’re able to watch the action, otherwise you are unable to correctly identify what is happening in the race.

Always remember that you are betting against expert traders who have data to back up their odds.

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Formula 1 Points Betting Market

As mentioned, it pays to look outside the obvious markets for a bet sometimes. There are points awarded to the top 10 finishers in a race and the 2018 Formula 1 Championship saw every driver finish in with the points at some stage in the season.

Sometimes you can land big odds about this happening and you can therefore win money if your selection finishes 10th.

We think Formula 1 is a unique betting sport and would recommend customers consider this based on the clear availability of data and stats that are available.

Remember, when we get to the end of an F1 season, it might be that certain drivers are more concerned with completing the race and landing some points rather than winning.

F1 Racing Betting Tips

It’s important to be armed with as much information as possible before placing a wager on a Formula 1 betting site. Many customers simply want to back their favorite driver, although more cunning gamblers will take more time to study the previous results and form before staking their money on a potential betting market.

Different Grand Prix offer different race tracks and conditions. Some tracks offer many overtaking opportunities, while others can be extremely tight and there’s a heavier focus on landing pole position and staying in front of the competition.

There are also other factors, such as the weather forecast and rain could mean switching to slick tires.

We also recommend you follow the comments that are made by each driver ahead of qualifying and the race itself. Some drivers might indicate that your F1 bets shouldn’t be placed on them due to difficulty with the handling of a car, while others might sound confident of doing well and can be backed at big odds in a particular market.

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