Find the best F1 sports betting sites easily using this handy guide
You might be new to F1 betting and never looked for an F1 sports betting site before. If so, the question you are probably asking is why you need this guide at all? – why would one Formula 1 betting site be any different to another?
While all F1 betting operators may look very similar from the outside, when you look closely, you’ll see there are some differences that can make a difference to the amount of money that ends up in your pocket. For instance, the odds on a particular driver may change as the start of the race grows closer and depending on how seriously a sportsbook operator takes their F1 betting customers, they may keep their site updated accordingly.
This gives new and experienced F1 sports betting enthusiasts the opportunity to place the same bet at higher odds, and therefore increase the amount of profit if the wager proves successful. By using the information in a guide like this, you can compare what all of the sites have to offer and pick the best option.
Your Gambling Guy 5 step checklist for a secure and fair gambling experience
You might be looking for the right Formula 1 betting site to place your first wager, or if you have years of experience in F1 betting and are looking for new sportsbooks and betting sites. Either way, you will have already worked out it is not just as simple as looking for the operator with the best F1 betting bonus and signing up.
Unless you know exactly what you are looking for, you could spend forever looking from operator to operator trying to judge which is the right one for you. Here at Gambling Guy, we feel your pain, so have put together an easy five-step checklist of what you should look for in a new operator.
Check the operator is legit
This is check number one for a good reason. No matter how good a bonus might seem if the operator looks less than honest, you need to go elsewhere. You should check first of all that the operator is licensed and legally able to offer the service you are using in your state. You should also check the encryption for the site (does the address start with https?) and whether your data is being kept securely.
Check out the latest reviews
Next on the list is to see what other people think. When you do this though, you need to consider that not all reviews are equal. Especially when it comes to any sort of gambling-related site, you need to filter out the reviews from customers who simply lost their bets and feel embittered. While these are usually the most interesting reviews to read, they are typically not the most coherent. Instead, you should look for balanced reviews from more experienced users or reviews on sites like Gambling Guy, which have a team of experts who review and rate operators.
Check how they process your money
Also, the key to whether or not you should trust an operator is how they deal with your money. This starts with how easy it is to deposit funds in your account, and the number of deposit methods they support. There is little use in finding the perfect F1 betting site only to find out they don’t support any of the deposit methods you use. Again you are looking for encryption, this time at least SSL for transactions.
Check how they look after your money
Once they have your money, you need to make sure it is protected while it is with them. First of all, you need to check what could happen if the operator is subject to a successful cyberattack, and secondly, if customer funds are ring-fenced. What this means is that the money in customer accounts is sat in a separate account to the operator’s business funds, so that if the operator runs into financial difficulties, customer money is not claimed by creditors.
Read the terms and conditions
Yes, we all know it’s easier to just click on ‘agree’ and get on with it, but this time it’s important you read the terms and conditions of the operator. This is first of all, to check out if there isn’t anything that looks out of place, which is unlikely – but mainly to make sure you know exactly what you are getting yourself into. Not reading the terms and conditions and just assuming you know how it works can lead to some expensive mistakes.
Editors recommendation for the best F1 sports betting site
As an F1 sports betting enthusiast, you may have already found out from bitter experience that F1 betting doesn’t receive the same amount of attention as golf betting online, the best sports betting sites for football or even betting sites for baseball.
For this reason, when selecting the best Formula 1 betting site, we needed to look deeper than we would if we were checking out a site for coverage of NFL or NBA markets. When our team of experts weighed it all up, they found BetMGM to be the clear winner.
Not only is the site a legitimate and trusted operator, but it also has the best range of F1 sports betting markets available in the 10 states it operates a sportsbook service. The welcome bonus of a ‘risk-free’ bet also applies to that sportsbook too.
The short version is that if your first bet up $600 loses, your account will be incrementally credited with the equivalent amount in free bets. You should look at the website for the full details, and always check out the terms and conditions before signing up.
Top 3 bonuses with best F1 betting site
How our experts test operators to find the best F1 sports betting sites
Finding Formula 1 betting can have its problems. Not only is the sport under-represented by some operators, with races taking place weeks apart and rounds separated by longer gaps, but it can also be easy not to treat F1 betting as a priority.
For this reason, any bettor with an eye in F1 betting will want to check out an operator before making a deposit and trusting them with your cash. You’ve already seen our checklist for finding a legit operator, but the review and rating process carried out by our team of experts digs even deeper, and every box needs to be ticked before an operator (especially one for F1 betting) gets the seal of approval.
Is the operator legit?
For this test, we look even further than many other reviewers, as our experts check out the reputation of the operator in all of the states it operates, see if they are part of a bigger empire (and we typically check out the reputation of that as well) and if they are listed on the stock exchange.
Are the welcome bonus offers good enough?
By now, you will have worked out that all operators offer bonuses to new customers, and that some of those bonuses are far better than some of the others. For this reason, our experts look at all of the bonuses, what you have to do to meet the requirements (more on that next) and if you would be better off taking a different bonus elsewhere.
How complicated are the bonus requirements?
As you might already know from bitter experience, the amount of bonus you start with is not the same as the amount of bonus you can withdraw at the end. All bonuses have requirements to meet, so our experts check you won’t be wasting your time just to give the operator their money back.
Is the site easy to use?
Our experts look at each site and don’t look for the best graphics or flashy animations, but how easy it is to place a wager or navigate to a market you need to check out. We also check that you’re not waiting forever for a site to load, and that you can access things like your account balance and details quickly and easily.
Test #5 Does the operator support popular payment methods?
Ticking boxes 1-4 are no use if you can’t actually put money in your account. For this reason, our experts take a look at the payment methods an operator supports, fees, processing times and all of the factors that can stop you getting your first F1 bet on.
How easy is it to make a withdrawal?
Even operators who support many methods for getting money into your account, can sometimes make taking money out more difficult than it should be. Our experts look at the withdrawal process and check out what is there for your protection and what could be there to keep hold of your money a bit longer.
Are customer service any use?
As may have already found out with your current operator, no matter how good they are, some things go wrong. When this happens, our experts look at how responsive customer service is, and whether they come up with a solution or just a generic automated answer to your query.
Is the operator properly licensed, and for which states?
We check the license of the operator, which states you need to be physically present in, to use the services on offer, as this can vary greatly even with a single operator. Using the BetMGM example from earlier, you can access the sports book in 10 states, but NJ, PA and MI also offer casino services as well.
Is it worth you sticking around?
Operators don’t want you to leave after you’ve taken advantage of the welcome offer, so typically have other promotions, a VIP program or a loyalty scheme. Our team of experts examine these and see if it worth sticking around depending on whether you are a frequent, regular or occasional player
What else does the operator have to offer?
You’re here because of F1 sports betting, but that’s probably not all you are interested in. After all, what is it you do between mid-December and March? With that in mind, our experts check out what else is on offer so you can make the best decision about the operator.
Are you sure you are with the right operator for your Formula 1 betting?
After reading through this guide, and weighing up your current operator against the checklists you’ve seen so far – do they fall short in some significant areas and are thinking about taking your Formula 1 betting somewhere else?
Alternatively, are you new to F1 betting and came here looking for the best deals available for new account holders and found there was a whole lot more to it than you might have thought?
When thinking about changing operators, it’s very easy to fall into the ‘better the devil you know’ trap. When picking a new home for your Formula 1 betting, nobody can blame you for being wary as you don’t know what you are getting into and you don’t want to make a mistake.
On top of that, leaving your current operator could mean leaving behind a load of points in the loyalty program and of course there are the annoying but necessary admin tasks and getting verified all over again.
With all of this at stake, when you make a move to a new operator you want it to be the right one. You could check out each of the sites individually or let Gambling Guy do all of the legwork and heavy lifting for you. We have reviewed and reviewed all of the operators that matter for you to make an easy comparison and decide on the best site to start or continue your F1 betting.
Conclusion – Where to find the perfect Formula 1 betting operator
Finding a reliable F1 betting operator isn’t as easy as it might be for bettors who specialize in NFL, NBA or baseball betting. This is because not all operators carry all of the relevant markets that a true F1 bettor would look for.
Even so, there are still plenty of operators to look around by yourself as it can take quite a long time, even using what you have learned in this guide. Firstly, you need to make sure that the operator covers all of the F1 markets you are looking for and that any bonuses on offer also apply to F1 events. Next, you need to make sure that the welcome bonus you are signing up or has reasonable requirements, and not just a convoluted way of giving the operator their money back, and most of your first deposit too.
Lastly, you could get a reliable site like Gambling Guy to present you a shortlist of F1 sports betting site operators and could save you time and effort, as well helping you avoid a potentially expensive mistake.
FAQ Best F1 Betting Site
❔ Where can I find the best Formula 1 betting sites?
Because most sportsbook operators focus on other sports such as the NFL and NBA, not all sportsbooks have all the markets an F1 enthusiast might expect to see when placing a bet. For that reason, checking out the latest reviews and online gambling guides from trustworthy sites can save you time checking out each operator individually.
🏁 What are the most popular wagers in F1 betting?
Unlike team sports where it is usually a straight head-to-head, the number of drivers taking part in a Grand Prix makesFf1 betting more unpredictable. There are usually 3 or 4 drivers considered among the most likely to win so you need to look at the latest reviews to find the best F1 betting sites to see which sites have the markets you are looking for.
🆓 Which operators offer bonuses or F1 betting
F1 betting is typically found on an operator’s sportsbook, and bonus offers are usually available for anyone who opens a new account. However, it is best to check out the latest reviews to see if the bonus, which usually has a deadline, is practical to use on F1, where the races can take place weeks apart.
📖Where can I find the best Formula 1 betting tutorial?
F1 betting can be quite simple if you are just placing straight moneyline bets on which driver will win a Grand Prix or even the driver’s championship with your usual sportsbook. However, by finding the best Formula 1 betting site offering all of the correct markets you can place more savvy bets and increase your profits if successful. You can find further tips on how to do this at sites that can also keep you updated with the best F1 betting reviews.
🏆 Who will win the 2021 drivers’ championship?
You can find opinions on who is likely to win the drivers’ championship in 2021 or any other year by looking online or switching on a sports channel. However, you can see where the ‘smart money’ is going by looking at the odds across all of the markets on the best Formula 1 betting sites.
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