Motorsport is one of the most thrilling sports, and Formula One is the pinnacle of racing. Although F1 already provides plenty of excitement just by watching, betting on it can make the experience even more intense.
If you’re insightful, it’s possible to earn money on it. And if not, it may make your weekends a bit more fun.
We like to bet on F1 – and we provide free predictions for every single race weekend! But what are the best bookmakers for betting on Formula One?
The truth is that there are several good options, depending on where you live, the currency you wish to use, and the type of bets you want to make. Here’s a brief overview of the top Formula One bookmakers that we use.
Cloudbet
Our favorite bookmaker because you don’t need to fill out too much information to sign up – just an email address and a password, then you’re ready to go.
Cloudbet is running on cryptocurrency, so you’ll have to deposit crypto to bet there. We have been using Cloudbet for years and find it very safe. They also have a great support crew. There’s no KYC check unless your account has been marked as suspicious. Another huge benefit.
Cloudbet only offers driver matchups, e.g., head-to-head selections between two drivers. We wish they had more markets, but driver matchups are the most essential market for F1 betting, so we’re more than happy to recommend Cloudbet as our favorite sportsbook.
Pinnacle
The most serious bookmaker in the world – by far.
Sadly, Pinnacle is not available in every country, but if it is licensed in your jurisdiction, it’s probably the best one to use for your F1 betting.
Pinnacle doesn’t have a lot of markets, but they do have dynamic H2H matchups between teammates and other driver combinations ahead of both sprint races, qualifying sessions, and regular races. Their odds are often market-leading, and winning players are seldom limited. This attracts the best bettors in the world.
Check first if you can bet directly on Pinnacle. If not, you may be able to access Pinnacle through a broker such as Sportmarket. Alternatively, some crypto books like Cloudbet essentially copy Pinnacle’s odds for F1 matchups, so you can just use those instead.
Bwin
Of all the bookmakers on the market, Bwin probably has the largest variety of options in terms of F1. They provide countless markets, not only H2H matchups, but also various other options, such as fastest pitstop, laps led, or various other props. Often they also have the most value bets of any F1 bookie.
Downsides: They will quickly limit you if you start winning over time, and the odds aren’t always as competitive as Cloudbet and Pinnacle. But if you’re a beginner, this is a great sportsbook to start with. It’s also great if you just want to make crazy bets for fun since Bwin has so many options.
Polymarket
This cryptocurrency prediction platform occasionally provides Formula One markets. Usually, there are very few, such as one or two driver matchups. But the odds are extremely competitive and there’s no KYC. Polymarket is worth checking out if you prefer betting with crypto. If not, then stick to the classic bookmakers.
Stake
You’re probably familiar with this bookmaker as it sponsors F1’s slowest team, Sauber.
This is a bookie that’s deeply invested in F1, so naturally, you can find lots of betting options there every weekend.
Stake allows you to bet with cryptocurrency as well as regular currencies, although you cannot do so anonymously like you can on Cloudbet or Polymarket. However, they have really competitive odds and more markets than many of its competitors. Surely it’s worth signing up, as long as you don’t mind going through KYC, which is required at Stake.
Bet365
A great sportsbook that is present in most European countries and several states in the US. They have outrights, matchups and props for every F1 weekend.
Their odds rarely lead the market, but they have a lot of F1 props and Bet365 doesn’t limit your account as fast as other sportsbooks. So you actually have a chance to profit with them over time. Aside from Formula One, they have almost every other sport in the world as well. Having an account with them is very useful for a sports bettor.
Betfair
This betting exchange does not have driver matchups, sadly. But Betfair Exchange has the best outright markets if you want to bet on race winners, pole-sitters, podium finishers, point scorers, and much more of that kind! It’s also a fun and dynamic platform to use, as you can trade in and out of your bets.
At Betfair, you’re not playing against the bookie but against other punters while Betfair charges a commission. They don’t ban players for winning, so you can essentially keep going forever with Betfair Exchange.
SBO
SBO can be seen as an alternative to Pinnacle. It’s an Asian-style bookmaker with focus on matchups. The odds are some of the most competitive on the market, and there are usually around 20-30 matchups for each qualifying and race.
Sadly, SBO isn’t available in many countries. But if you do have access to SBO in your country, we highly recommend using this bookie. In some cases, you can get a private SBO account through a bet broker.
More information
What is the best bookmaker for driver matchups?
Cloudbet, Pinnacle, Bwin and SBO lead the pack in betting on driver matchups. But nowadays, most serious bookies offer these markets, so you’ll also find them on other sportsbooks. For example over at Stake, Sportsbet, Bet365 and others.
What is the best sportsbook for F1 outrights?
Polymarket often has the best odds on the race winner. But you’ll also find great options on the Betfair Exchange, where you can bet on the pole sitter, fastest lap, podium finishers, etc. Bet365 should also be mentioned here.
What is the best live F1 bookmaker?
In terms of live betting, the market is a bit behind other sports. Most bookmakers have a very limited selection of betting options during the race (and various other sessions).
Your best choice is probably Betfair, as you can easily trade in and out of bets while the odds are competitive. Classic bookies like Bwin and Bet365 will have an even larger selection of live betting options during F1 races, often superior for singular bets but less suitable for trading.
What is the best sportsbook for F1 in the US?
Bet365, BetMGM and DraftKings are present in many US states. These are serious books that offer F1 outrights, driver matchups and props.
What is the best bookmaker for F1 in Europe?
Some bookies are only licensed in some EU countries, but overall, Bet365 and Bwin are often the best choices. If you have access to Pinnacle, take advantage!