In this article, we rank the best Formula 1 betting sites for the upcoming season and list the most popular F1 betting markets, along with our top tips. Get those engines running and read on to find out more!
- Tournament Structure for Formula 1
- Best Betting Sites for Formula 1
- Formula 1 2023 Schedule
- F1 Betting Tips
- Driver Changes for the 2023 Season
- Formula 1 2023 Betting Odds, Promotions, Tips & Predictions
- Formula 1 Betting Tips & Predictions 2023
- 5 Reasons to Bet on the Formula 1
- Formula 1 Betting Sites With Livestreaming
- Formula 1 Betting Markets
- A Typical Grand Prix Weekend
- A Bite-Size History of F1
- Recent Formula One Winners
- Formula One Key Stats
- Upcoming Sporting Events
- Similar Tournaments To Formula One
- Formula 1 Betting FAQs
- ThePuntersPage Final Say
Tournament Structure for Formula 1
After a year out due to hosting the World Cup, racing will return to Qatar, while Las Vegas will make its eagerly anticipated debut in the penultimate race of the season on November 18.
Of the original race venues used in 1950, only Silverstone, Monaco, Spa-Francorchamps, and Monza have survived, however, the tracks have experienced renovations over the past few years to meet the ever-changing safety standards.
There will be 20 drivers to represent the 10 teams, and there are two drivers assigned per team. Usually, competition is fierce in teams, and internal disputes can sometimes occur between the top driver and his team-mate.
How Are Points Awarded in F1?
Scoring in F1 might seem complicated at first, but the truth is that it’s pretty easy and straightforward.
Out of the 20 starting drivers, the top 10 will earn points. Number 10 gets one point, 9 gets two, 8 gets four, 7 gets six, 6 gets eight, 5 gets ten, 4 gets twelve, 3rd gets 15, 2nd gets 18, and finally, 1st place earns you a total of 25 points.
At the end of the season the points are tallied, and the driver with the most points wins the trophy. The team with the most points takes home the Constructors' Championship.
What Is DRS and How Does It Work?
There are surprisingly few difficult terms and rules one has to understand when watching Formula 1. For the most part, the event sees 20 cars racing, with one car finishing as the winner and the next nine finishing in the points. It’s remarkably simple and entertaining, but there is one exception to the rule: DRS.
DRS stands for Drag Reduction System, and you should absolutely be aware of what this means before watching F1.
Each car has an adjustable rear wing which is normally closed. In certain situations, this can be open, allowing for air to flow through, thus reducing the drag on the car. This is ideal for overtaking as it gives your car more speed, but it can only be used in the following scenario:
A DRS zone is long and straight, already marked out by the stewards. There are typically somewhere between 1 and 3 DRS zones in every race.
Why Are There So Many Types of Tyres?
There are, in total, seven tyre compounds available to every team during the racing season. Five of these compounds are for dry weather, which are marked C1 – C5 (C1 being the hardest and C5 being the softest). The remaining two compounds are for wet-weather driving. One has a green stripe indicating the Intermediate tyre, and the other one has a blue stripe, indicating the Full Wet tyre.
In a normal, dry-weather race, Pirelli will choose three dry types to be used during the race. Every driver has to use two of the three selected tyres throughout.
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#1
 Betfair
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T&Cs APPLY, 18+ ONLY
New customer offer. Place a min £10 bet on the Sportsbook on odds of min 1/2 (1.5), get £30 in Free Bets. Rewards valid for 30 days. SMS verification required. Only deposits via cards or Apple Pay will qualify. T&Cs apply. Please Gamble Responsibly.Full T&Cs apply. BeGambleAware.org #ad |
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#2
 Betfred
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T&Cs APPLY, 18+ ONLY
New 18+ UK customers only. Register using the promo code WELCOME40, deposit and place first bet of £10+ on Sports (cumulative Evens+) within 7 days of registration. First bet must be on Sports. £30 in Free Bets and £10 in Free Spins (50x20p) credited within 10 hours of bet settlement. Free Bet stakes are not included in any returns. Bonuses have a 7-day expiry. Payment restrictions apply. SMS verification and/or Proof of I.D and address may be required Full T&Cs apply. BeGambleAware.org #ad |
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#3
 888sport
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T&Cs APPLY, 18+ ONLY
18+ Minimum deposit of £10 using deposit code 30F - A qualifying bet is a ‘real money’ stake of at least £10 placed on any sports market - Minimum odds of 1/2 (1.5) - Free bets credited upon qualifying bet settlement and expire after 7 days - Free bet stakes not included in returns - Casino Bonus must be claimed within 7 days. To withdraw bonus/related wins, wager bonus amount x40 within 14 days. Wagering requirements vary by game. Deposit methods, Withdrawal restrictions and Full T&Cs apply. BeGambleAware.org #ad |
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#4
 William Hill
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T&Cs APPLY, 18+ ONLY
New customers using Promo code H30 only, Min £10/€10 stake, min odds 1/2, free bets paid as 2 x £15/€15, free bets credited after settlement of first qualifying bet, free bets will expire 30 days after the qualifying bet is placed, payment method/player/country restrictions apply. See full terms below. Full T&Cs apply. BeGambleAware.org #ad |
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#5
 Unibet
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T&Cs APPLY, 18+ ONLY
18+ begambleaware.org. New customers only. Min deposit £10. Money back as bonus if first bet loses. Wagering requirements: sportsbook 3x at min. odds of 1.40 (2/5), casino 50x. Unless forfeited the sportsbook bonus must be wagered before using the casino bonus. Bonus expires 7 days after opt-in. No deposit required for NI customers. Call 08081699314 to claim. Full T&Cs apply. BeGambleAware.org #ad |
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Formula 1 2023 Schedule
Like last year, there will be 23 races in the F1 schedule. The roadshow will head to 20 countries, and Las Vegas will make its debut on November 18, the penultimate Grand Prix of the season.
| Round | Grand Prix | Circuit | Date |
|---|---|---|---|
| 1 | Bahrain | Sakhir | March 5 |
| 2 | Saudi Arabia | Jeddah | March 19 |
| 3 | Australian | Albert Park | April 2 |
| 4 | Azerbaijan | Baku City | April 30 |
| 5 | Miami | Miami | May 7 |
| 6 | Emilia Romagna | Imola | May 21 |
| 7 | Monaco | Circuit de Monaco | May 28 |
| 8 | Spanish | Circuit de Barcelona – Catalunya | June 4 |
| 9 | Canadian | Montreal | June 18 |
| 10 | Austrian | Red Bull Ring | July 2 |
| 11 | British | Silverstone | July 9 |
| 12 | Hungarian | Hungaroring | July 23 |
| 13 | Belgian | Spa-Francorchamps | July 30 |
| 14 | Dutch | Zandvoort | August 27 |
| 15 | Italian | Monza | September 3 |
| 16 | Singapore | Marina Bay | September 17 |
| 17 | Japanese | Suzuka | September 24 |
| 18 | Qatar | Lusail | October 8 |
| 19 | USA | Austin | October 22 |
| 20 | Mexico | Mexico City | October 29 |
| 21 | Brazil | Sao Paulo | November 5 |
| 22 | Las Vegas | Las Vegas | November 18 |
| 23 | Abu Dhabi | Yas Marina | November 26 |
F1 Betting Tips
If you want to start betting on Formula 1, you need to understand the tools that are at your disposal. Add to that, you will need a solid understanding of the sport that goes beyond casual viewership. With the right knowledge, you should be able to identify value bets and even predict race outcomes with reasonable accuracy. Below are some Formula 1 betting tips to get you started as a serious punter.
These sources will also give you a ton of other news and soft information, which you can use to augment your data-based strategy.
Driver Changes for the 2023 Season
During the offseason, F1 is always awash with plenty of rumours and speculation about moves that drivers could make, with the 2023 campaign implementing a few differences. We have noted below some of the key changes:
Biggest Driver moves this off season:
Pierre Gasly – AlphaTauri to Alpine
Daniel Ricciardo – McLaren to Red Bull (reserve driver)
Logan Sargeant – Has seat at Williams for 2023 season
Mick Schumacher – McLaren to Haas
Formula 1 2023 Betting Odds, Promotions, Tips & Predictions
With the new F1 season looming, we have a complete set of F1 betting odds, which covers markets such as the Drivers’ Championship and Constrcutors’ Championship. Let’s see how things are shaping ahead of the curtain raiser on 5 March in Bahrain.
Drivers Championship 2023 Winner Odds
| Driver | Odds | Bookmaker |
|---|---|---|
| Max Verstappen | 4/5 | Paddy Power |
| Lewis Hamilton | 3/1 | Betfair |
| Charles Leclerc | 5/1 | bet365 |
| George Russell | 6/1 | Coral |
| Carlos Sainz | 20/1 | BetVictor |
| Sergio Perez | 22/1 | Unibet |
| Lando Norris | 100/1 | 10bet |
| Esteban Ocan | 200/1 | Betfred |
| Fernando Alonso | 250/1 | Betfair |
| Pierre Gasly | 300/1 | BetVictor |
| Kevin Magnussen | 500/1 | 888sport |
| Valtteri Bottas | 500/1 | Ladbrokes |
| Lance Stroll | 500/1 | 10bet |
| Oscar Piastri | 500/1 | Betway |
| Nico Hulkenberg | 900/1 | BoyleSports |
Constructors Championship 2023 Winner Odds
| Constructor | Odds | Bookmaker |
|---|---|---|
| Red Bull | EVENS | 888sport |
| Mercedes | 11/8 | bet365 |
| Ferrari | 4/1 | BetVictor |
| McLaren | 66/1 | Betfred |
| Alpine | 80/1 | Betway |
| Alfa Romeo | 400/1 | BoyleSports |
| Alpha Tauri | 500/1 | Parimatch |
| Aston Martin | 500/1 | Unibet |
| Haas | 1000/1 | William Hill |
| Williams | 1000/1 | BoyleSports |
Formula 1 Betting Tips & Predictions 2023
- Following a few months of F1 testing, the 2023 season is just around the corner, so we are happy to share with you our F1 betting tips. All eyes will be on Max Verstappen and Red Bull. Statistically speaking, 2022 was the strongest for Red Bull as they overhauled Mercedes en route to collecting the Constructors’ Championship, picking up 17 wins. Such was their dominance that Vertsappen finished 146 points clear of Charles LeClerc. Verstappen is one of the most experienced drivers on the circuit, and it is hard to argue with his short price to be crowned world champion once again.
- While Lewis Hamilton will look to give Verstappen a good run for his money, Carlos Sainz will be eager to push on. 2022 was plagued by inconsistency for the Spaniard, as he finished 62 points adrift of his team-mate LeClerc, and he was generally off the pace. If he can get off to a strong start in Bahrain, then there is no reason to suggest he couldn’t finish in the top three. Currently, Sainz is trading at 20/1 with most bookmakers to land the world title.
- On the Constructors’ Championship front, Red Bull will take some shifting. They were superior on all fronts, and Christian Horner won’t want to make too many changes. At the moment, Red Bull are as short as EVENS to defend the title.
- While Mercedes will look to jolt themselves into life, Ferrari may have been given the wake-up call they need. They have looked strong during pre-season testing on wet tyres, and with the launch of their new car imminent, they could well be ones to watch. Ferrari have been on the periphery of things for the past decade, but priced at 11/4 with most bookmakers, they shouldn’t be discounted.
Formula 1 Betting Promotions 2023
5 Reasons to Bet on the Formula 1
- Watch it for the brand-new and improved cars.
- For Max Verstappen versus Lewis Hamilton.
- And for Ferrari vs McLaren.
- For the epic battles.
- For the high-octane action.
Formula 1 Betting Sites With Livestreaming
- Unibet
- bet365
- Ladbrokes
- William Hill
- 888sport
Formula 1 Betting Markets
F1 betting offers punters a variety of markets. Bets are divided in outright wagers, including on who will win the season and on individual races. Live betting also plays a large role in Formula 1, and, since the races typically last more than an hour, you have plenty of time to select a winner before someone finally waves the chequered flag.
- F1 Drivers Championship Betting
The most prestigious award in Formula 1 is obviously the Drivers' Championship. This award goes to the driver who manages to collect the most points over the course of the season. As the season continues, the odds will more clearly favour one driver over the rest. For the best value bet, choose your winner early on.
- F1 Constructors' Championship Betting
The second most prestigious prize is the Constructors' Championship. Since each constructor gets to have two cars in the race, the team with the best accumulative score over the season wins an award. Remember though that teams upgrade their cars all the time, so it is a good idea to stay on top of the latest news.
- Race Winner Betting
This is the most popular market. Betting on the race winner before the race starts often has higher odds than during the live race, when it becomes more clear who is winning. With this bet, it is simply a wager that is made on which driver or team will finish first, cross the line, and trigger the chequered flag.
- Podium Finish Betting
While the payout for Podium Finish will not be as high as for Race Winner, it is usually a much safer bet. As long as your driver ends in the top 3, your wager will be successful. Essentially, then, this is a bet which, for double the stake, could be considered to be an each-way, with one part win and one part place.
A Typical Grand Prix Weekend
Many think of Formula 1 as simply being a race that lasts a couple of hours at the most. This is true, yet also remarkably false at the same time. Yes, the actual race usually takes somewhere between one and two hours, but in F1, it's the Race Weekend that's the highlight. This starts on Friday with the very first practice.
Practice
In most sports, no one except the players and coaches pay attention to the practice. The latter is something players do every single day behind closed doors; it’s not of interest to the public. F1 is a bit different.
Seeing as no one, not even a professional F1 driver, can get everyday practice in an actual F1 car, every time they lower themselves down into the car becomes a spectacle. The Friday (Thursday in the case of the Monaco Grand Prix) is free practice day, consisting of two practice sessions lasting 1 hour and 30 minutes each. There are no points or positions to fight for – this is simply an opportunity for the drivers to become familiar with the track and the changes made to the car. The final practice takes place on Saturday morning.
Qualifying
After the morning practice, it is time for qualification. This is the first competitive step of the weekend and always draws a crowd, seeing as how results during Saturday’s qualification will determine the starting grid for the race on Sunday.
F1 qualification takes place in three stages and follows a classic knockout system. The first stage contains all 20 drivers and lasts for 18 minutes. As soon as the time is up, the five slowest drivers are eliminated from qualifying. These drivers will fill starting positions 20-16 in the race, with the slowest driver starting last.
A short break follows before stage two starts. This lasts for 15 minutes after which the five slowest drivers will be eliminated, filling up starting positions 15-11.
This leads us to stage 3, which is the high point of the Saturday and sees the fastest drivers compete to start at pole position. If you make it to Q3, you are guaranteed to start “in the points” (meaning that you will start the race no lower than in 10th position). Q3 only lasts for 12 minutes, meaning the drivers have to be on their game in order to rack up the fastest lap-time.
The Race
Finally, we have the race. The race itself always takes place on the Sunday, and the drivers start in the positions determined by the qualification the day before. All 20 drivers start in the same grid, meaning that even if you start in pole position, a good start is essential. Starting first gives you an advantage, as escaping a potential accident with other cars is easier, but stalling or encountering issues can be race-ending.
An F1 race is 305 kilometres long – the only exception being Monaco, which is 260 kilometres. This means that every race has to have as few laps as possible, so long as the 305 kilometres are covered. Every race track is slightly different in length, meaning that the amount of laps will differ from race to race; however, the length of the race will be the same. Silverstone has 52 laps, Monza has 53, and Singapore has 61 laps.
A Bite-Size History of F1
The history of Formula 1 dates all the way back to 1950. In fact, thanks in no small part to Bernie Ecclestone, the very first official F1 event was held at Silverstone on 13th May 1950. Italian driver Giuseppe Farina collected the most amount of points over the 6 competitive races held that season, but the decade would come to be dominated by a different name entirely.
The Beginning
F1 is often considered an English endeavour, at least for those who don’t see it as an entirely Italian thing. Yes, Ferrari has dominated for years and the amount of world-class Italian drivers is nothing short of staggering, but one cannot doubt the impact Bernie Eccleston, Frank Williams, Jack Brabham, and the entire McLaren team have had on the history of F1.
It might therefore come as a small shock to discover that the first real superstar of F1 racing was indeed Argentinian. While Farina hoisted the very first F1 driver’s title, it was Juan Manuel Fangio, in a strange combination of Alfa Romeo, Ferrari, Maseratim and Mercedes, who would go on to dominate the 1950s, winning the driver’s title on no less than five occasions between 1950 and 1960.
Between 1960 and 1980, Formula 1 had many big-name champions, with the title changing hands regularly. The one consistency, however, was the relative British domination. Gone were the years of Fangio, and the time was nigh for racing greats such as Jackie Stewart, Graham Hill, Jack Brabham, and Niki Lauda.
Glory Days
Nelson Piquet emerged early in the 1980s as one of the best in the sport, but it was eventually Alain Prost who would steal all the headlines. The Frenchman dominated for years in his McLaren and in truth, he looked unbeatable. He lifted the driver’s title in both ’85 and ’86, and his streak looked set to continue after a one-year interruption caused by Piquet. Then the world learned to pronounce the name ‘Ayrton Senna'.
Senna vs Prost
The dual between Senna and Prost was out of this world. In fact, no F1 fan can as much as think about these two legends without getting a little misty-eyed and, in all honesty, quite a lot more than just a wee bit sad and melancholic.
It started amazingly. Prost was the undisputed king, only being outdone very occasionally by the ageing Nelson Piquet, before Senna emerged seemingly out of nowhere to win the title three times in four years between 1988 and 1991. An intense rivalry developed between Senna and Prost, who even had to deal with the horrible reality of being teammates at one stage. These guys hated each other and would do anything to win. Sabotage, drama and an extreme will to beat the other man was the order of the day.
Then Imola 1994 happened. Senna’s car was going fine down the straight in San Marino the first second, then suddenly, before anyone could blink, the Brazilian’s car was upside down, smashed into the railings. The most intense genius to ever lower himself into an F1 car was gone at the tragically young age of 34, and the Brazilian stripes on the helmet, a feature Senna remains iconic for to this very day, would never be seen again.
Schumi
1994 was an unbelievably sad moment in sports history. Senna was one of a kind – surely his like would never be seen again. Prost would retire, Nelson Piquet had already done so, and many people thought that racing was dead. Sure, a young guy named Michael Schumacher somehow won the title in his magnificently coloured Benetton, but no one really cared about that in 1994.
Then he did it again in 1995. In a Benetton. ’96 and ’97 saw wins for Damon Hill and Jacques Villeneuve (both in Williams), whilst Mika Hakkinen dominated the end of the century and took home two driver’s championships in a row in ’98 and ’99. Then came the turn of the century and with it, the dawn of the true king of F1, the man known simply as ‘Schumi'.
The Rain Master was out of this world. He dominated completely and wrote himself into history by capturing an unbelievable and unprecedented 5 driver’s championships in a row, taking his total up to 7, a number that stands as a record even to this day.
The Hamilton Era
But it might not stand for much longer. After Schumacher aged and left Ferrari, it was Fernando Alonso’s turn. He won two titles in a row for McLaren, but that is where it stopped. Alonso and Raikkonen were both good, but the 2010s would be dominated by a rivalry almost equalling that of Prost and Senna.
Lewis Hamilton kicked it all off by winning his first championship at the young age of 23, then a new record. Two years later, Sebastian Vettel would equal Hamilton by also taking home his first championship at the age of 23, and he would then go on to dominate the sport, taking home the next four driver’s championships.
Then Lewis answered. ’14,’15, ’16, ’17, ’18, '19 and 2020 all belonged to Mercedes, with Hamilton winning the title in every year except 2016. This took his total up to six driver’s titles, which devastated Ferrari. Before the start of the 2020 season, Lewis Hamilton had a golden opportunity to tie Michael Schumacher for the highest amount of driver’s titles ever collected by the same driver, and he took it.
Red Bull
Sebastian Vettel really achieved the unthinkable when he lifted the title four years in a row with Red Bull. After all, as team principal Christian Horner frequently reminds us, Red Bull is an energy drink manufacturer; they should not really have any business winning any racing championships. But that is exactly what they did with the young Vettel at the helm.
In 2022, Verstappen cantered to a second successive World Championship. The Dutchman was imperious, with only Schumacher and Vettel recording a higher percentage of wins in the modern era of the sport.
Recent Formula One Winners
The history of F1 is storied and unparalleled in racing. It spans the world, it is popular pretty much everywhere, and there are only 20 seats. The crème-de-la-crème of racing can only be found in F1, whose history is full of characters, races, winners, and losers beyond what can be considered ordinary. This is where legends are truly made, as is evident from these magnificent champions.
| Year | Driver | Team |
|---|---|---|
| 2022 | Max Verstappen | Red Bull Racing |
| 2021 | Max Verstappen | Red Bull Racing |
| 2020 | Lewis Hamilton | Mercedes |
| 2019 | Lewis Hamilton | Mercedes |
| 2018 | Lewis Hamilton | Mercedes |
| 2017 | Lewis Hamilton | Mercedes |
| 2016 | Nico Rosberg | Mercedes |
| 2015 | Lewis Hamilton | Mercedes |
| 2014 | Lewis Hamilton | Mercedes |
| 2013 | Sebastian Vettel | Red Bull |
| 2012 | Sebastian Vettel | Red Bull |
Most Constructor Championships
| Constructor | Titles |
|---|---|
| Ferrari | 16 |
| Williams | 9 |
| McLaren | 8 |
| Lotus | 7 |
| Mercedes | 7 |
| Red Bull | 4 |
| Cooper | 2 |
| Brabham | 2 |
| Renault | 2 |
| Vanwall | 1 |
| BRM | 1 |
| Matra | 1 |
| Tyrrell | 1 |
| Benetton | 1 |
| Brawn | 1 |
Most Race Wins by Constructors
| Constructor | Amount of Race Wins | Active Period |
|---|---|---|
| Ferrari | 238 | 1950 – |
| McLaren | 183 | 1966 – |
| Mercedes | 124 | 1954-1955, 2010 – |
| Williams | 114 | 1975 – |
| Lotus | 79 | 1958 – 1994 |
| Red Bull | 75 | 2005 – |
| Brabham | 35 | 1962 – 1992 |
| Renault | 35 | 1977 – 1985, 2002 – |
| Benetton | 27 | 1986 – 2001 |
| Tyrrell | 23 | 1970 – 1998 |
| Red Bull | 21 | 2005 - |
| BRM | 17 | 1951, 1956 – 1977 |
Formula One Key Stats
- Nobody has started more Formula One races than Finland’s Kimi Räikkönen, who has started 349 times.
- The youngest ever driver of a Formula One race is Max Verstappen, who was 17 years and 166 days old when he drove F1 for the first time.
- In contrast, the oldest ever F1 driver was Louis Chiron, who was 58 years and 277 days when he raced the Monaco Grand Prix in 1958.
- The most successful ever driver is Lewis Hamilton, who has 103 Grand Prix wins to his name.
- With seven titles each, Hamilton shares the championship record with Michael Schumacher.
Upcoming Sporting Events
Similar Tournaments To Formula One
Formula 1 Betting FAQs
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You will be able to watch all the F1 action on Sky Sports’ dedicated F1 channel. Sky has exclusive rights for at least another year.
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Of course. There are many sites such as Betfair, Unibet or William Hill that offer odds on Formula 1. That includes straight odds, live odds, outright odds, specials, and more.
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For the 2023 season, there are 23 races scheduled and Las Vegas will be making its official debut on November 18.
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The new season starts on March 5 in Bahrain and runs through until November 26 on Abu Dhabi.
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Bahrain marks the first race of the year on March 5.
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The driver title might be the most well-known title within F1, but teams also fight for the title of the best constructor. The team with the most points at the end of the season gets the championship.
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China, the US, and Brazil are some of the largest markets for F1, in terms of viewership numbers. However, this does not mean F1 is less popular than in other countries. Larger nations simply generate larger audiences for obvious reasons.
ThePuntersPage Final Say
While Formula 1 is an exciting sport, it can be profitable for a smart punter. Of course, there is no way to guarantee profit for each individual bet you place. However, if you consistently identify real value bets, you will be able to win more than you lose.
Choose the right bookies to get the best odds, which is value in its own right. That is, after all, smart F1 betting. Of course, savvy F1 punters can also take advantage of our Formula 1 tips that are designed to boost your insights when this rip-roaring sporting competition gets underway.
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