Michael Tradford
Last Update:
October 15, 2021
This author was thoroughly tested and approved by the experts at before joining the editorial board to ensure a high content quality.
Author Bio:
Michael was Marketing Director in Atlantic City and worked in the casino industry for several years before shifting over to numerous newspapers in New York and Chicago working his way up to Editor-in-Chief. His focus areas are mainly in the fields of sports, gambling, and politics. He has a Marketing Degree, visited Columbia University during his time in New York and is now Editor-in-Chief at AmericaGambles.
Michael was Marketing Director in Atlantic City and worked in the casino industry for several years before shifting over to numerous newspapers in New York and Chicago working his way up to Editor-in-Chief. His focus areas are mainly in the fields of sports, gambling, and politics. He has a Marketing Degree, visited Columbia University during his time in New York and is now Editor-in-Chief at AmericaGambles.

F1 Betting 2021: Odds & Strategies

Formula 1 is one of the most popular sporting associations in the world, with the high speeds and incredible tracks making for compelling action each and every time a raced takes place. Thanks to F1 betting odds, race fans can get even closer to the sport that they love with tons of different gambling options for each Grand Prix during the F1 schedule. In this guide to Formula 1 betting, find out everything you need to know about gambling on Formula 1 racing, including how to bet on F1, the different betting options bettors have and some strategies that can make F1 betting as profitable as possible.

Everything you need to know about F1 betting
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  • Gambling on F1 consists of several races making up F1 season

  • Long-term or short-term bets possible

  • Bettors can bet on a team or individuals

How does F1 betting work?

More or less, Formula 1 betting consists of gambling on outcomes within F1 races. There are, of course, several different kinds of bets that can be made on Formula 1 races, which we will cover later in this guide. But the crux of this type of betting is that bettors are choosing one choice over another or one competitor to win a given Grand Prix or championship. These bets tend to be very straightforward as long as a bettor knows something about Formula 1 and has a feel for the teams and competitors involved in each Grand Prix.

To place a bet on F1 races, bettors should log into their account at the sportsbook of their choice. Once that step has been completed, they can choose the Formula 1 racing section of the sportsbook and look at the available betting options that are up for grabs. Upon choosing one or more, bettors can enter the stake amount that they want to put into each of their F1 wagers and finalize those bets. This process tends to be easy at most betting sites, and bettors can typically sit back and watch their bet or bets unfold from there.

What kinds of F1 bets can I make?

There are a decent number of F1 related wagers that bettors can make, from a single race bet to detailed long-term bets that span the entirety of the F1 season. Here is a list of the different F1 bets that can be placed by those who want to get in on the Formula 1 related action.

  • Race winner bets
  • Head to head wagers
  • Futures bets
  • Podium odds
  • Prop bets

Most of these types of bets cover single races. Race winner bets ask bettors to predict who is going to win a specific race or championship, while podium betting odds ask bettors if a competitor is going to finish in the top three in an event. A head to head bet doesn’t focus on finishing position, but instead asks bettors to predict which out of two drivers will have a better finishing position at the completion of a Grand Prix.

Futures bets can ask a number of questions related to long-term results during the F1 season. The most common of these futures odds asks which racer will finish at the top of the standings at the end of the year. But there are plenty of season-long head to head odds that can appear as well. And prop bets ask bettors some more intricate questions such as a margin of victory or whether a racer will finish an event. In all, there is an interesting list of options for betting on Formula 1.

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What are the important events on the F1 circuit?

F1 racing is interesting in that there aren’t events that are necessarily more important than the others on the schedule. Unlike sports like tennis that have major championships and lesser events throughout the year, each of the events on the F1 calendar offer drivers the chance to earn points that can be used to boost the standing of a competitor over the course of the season. The key events in Formula 1 racing are all of the events, because they each carry the same amount of weight throughout each year.

However, there are some races that draw more attention than others because they are just more glamorous than the other events on the schedule. The Monaco Grand Prix is a great example of this, as that race takes place in one of the most beautiful locations in all of sports that makes it feel like it is a bigger deal than almost anything else in the world of sport. But there are also events like the French Grand Prix and events in the United States that also carry the same amount of weight and are in interesting locations as well.

Things to remember when placing F1 bets

When placing a bet on Formula 1 events, one of the most important things that bettors can do is remember that not all courses are created equal. The tracks at F1 events can be different from event to event, which could give the advantage to different drivers depending on what their strengths and weaknesses are. That makes for a more compelling race circuit that rewards versatile competitors over the course of the entire season. But when betting on single races, looking at the course Is crucial for avoiding falling into some of the traps that might be out there.

Also worth remembering is the fact that the overall goal of Formula 1 competitors is to win a championship over the course of the season rather than to win individual races. Some teams might not want to take big risks in some races with the overall goal of winning the championship in mind. As a result, bettors should keep in mind that while they are often betting on competitors to win a race outright, it isn’t always the goal of a racer to win a race outright. Instead, their goal is just to get into a good position to win the championship.

Finally, remembering that there are tiny problems that could drastically impact the results of a race is important when betting on F1. A tiny miscalculation in a turn angle could cause a massive crash and knock a quality competitor out of a race. Keeping in mind that even the best racer in the world is vulnerable at times in F1 is a must.

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F1 betting tips and strategies

Strategy is everything in sports betting, and that is the case when it comes to Formula 1 betting as well. The most important piece of strategy that sports bettors should employ is to look at the form of the drivers that are taking part in upcoming events. While form isn’t everything given that different tracks can yield different results, it does a lot to reveal the always important component of how a driver or team is performing with their vehicle.

Another big of strategy worth following is to not be afraid to avoid favorites when it comes to race odds. As mentioned previously, even the slightest mistake can knock a driver or team out of a race entirely. Because of that, it isn’t always the smartest move to lay big money with an odds on race favorite when there could be better value in an option at longer odds that may have just as good a chance to win.

Finally, looking at how drivers perform in qualifying is a good idea from a strategic standpoint. Those data points show sports bettors how a driver or team is performing on the track they will be facing in an upcoming race, which is incredibly valuable information. Using that information to your advantage is something that elite sports bettors know to do and newer sports bettors should get used to doing.

Find the best F1 betting site for you

Bettors who take on Formula 1 gambling odds are going to want to do so at a site that has the best options for them to place those bets. That means finding the ideal F1 betting site for their needs. Whether they want a site that offers the best bonus to give them the best possible amount of funds to bet with, or a list of the most betting odds for F1 races, there are plenty of criteria that could make a sportsbook the best for betting on auto racing. With our sportsbook comparison tool, sports bettors can look through a series of sportsbooks to find the site that will meet their needs the best for F1 betting lines. Don’t waste any time, use the sportsbook comparison tool and find your ideal online bookmaker today.

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Sports: 21+
Live Betting:
Min. Odds: -190
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Min. Odds: N/A
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Min. Odds: -300
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Min. Odds: -150 to +10,000
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Live Betting:
Min. Odds: -200


Worth it for knowledgeable fans
Overall, betting on Formula 1 odds is something that can be very beneficial to fans who know the sport inside and out. Auto racing is so intricate that it is harder to bet on successfully than sports like football or NBA betting. As a result, those who have an intimate knowledge of F1 are likely to have success in this type of betting. If you are someone who follows F1 in an extremely in-depth fashion, this means that you might be someone who could have success in betting on these fast-paced and unique races that take place all over the world.
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