Formula 1 betting offers motorsport enthusiasts a thrilling way to engage with the world’s premier single-seater racing series. With each race weekend, bettors have the opportunity to delve into a wide array of F1 betting markets, ranging from predicting the race winner and podium finishes to more nuanced bets like fastest lap times and driver head-to-heads.

The dynamic nature of F1, with its blend of technology, strategy, and driver skill, makes for unpredictable outcomes and exciting betting scenarios. Our in-house F1 betting expert is one of the best in the business and will provide us with F1 betting previews and value bets exclusively on these pages throughout the season.

Formula 1 Bettiing Guide

When does the new F1 season start?

The excitement for the 2024 Formula 1 campaign kicks off on February 29th with the eagerly awaited Bahrain Grand Prix, marking the beginning of what promises to be another exhilarating season in the pinnacle of motorsport.

The betting landscape in Formula 1 is as varied as the sport itself, with options for pre-race bets on qualifying positions and race outcomes, as well as live betting as the action unfolds on the track. Factors such as team form, circuit characteristics, weather conditions, and even intra-team dynamics play a crucial role in shaping the odds, offering informed bettors an edge.

For newcomers and seasoned bettors alike, Formula 1 betting provides a unique challenge and adds an extra layer of excitement to race weekends. Whether you’re backing your favorite driver or predicting the outcomes based on detailed analysis, betting on F1 can enhance your viewing experience and offer the chance to win as you witness the high-speed drama of Formula 1 racing.

F1 Rule Changes for 2024

The F1 rule changes for 2024 encompass several key areas aimed at refining the competition and enhancing safety. Notably, there will be tighter regulations around power unit usage, reverting back to limits seen in previous seasons for components like the internal combustion engine and turbocharger, with teams now allowed only three of each for the season. Additionally, the maximum fine for rule breaches has significantly increased, and there are new, more rigorous tests for roll hoops to improve safety during crashes.

The 2024 F1 season also sees a shift in the testing framework, with Pirelli granted more days for tire testing, including dedicated days for wet weather tires. This is in response to driver criticisms and aims at improving performance and safety in adverse conditions. Moreover, the FIA has made changes to the procedure for teams requesting reviews of decisions, tightening the timeframe for submitting such requests.

Teams will also find an expanded scope for promotional activities, with increased kilometers allowed for what are often referred to as “filming days.” This change enables teams to conduct more comprehensive shakedown activities before the season starts, allowing for better preparation.

Another significant development for 2024 is the introduction of a cooling duct in the cockpit to help alleviate the extreme heat conditions drivers have faced, improving their comfort and safety during races.

These adjustments, along with continued discussions on the sprint race format and the stable technical regulations, suggest a season where existing dynamics could be fine-tuned for closer competition and greater safety.

F1 Race Calendar 2024

There are 24 races on the 2024 Formula 1 calendar starting with the Bahrain GP on March 2, and ending with the Qatar GP on December 1. Here is a full list of the F1 2024 races with dates and UK start times (GMT) to follow.

This extensive lineup showcases the global appeal of Formula 1, taking teams and drivers through a demanding schedule across various continents, from the high-speed straights of Monza to the tight corners of Monaco.

  • 29 Feb – 2 Mar – Bahrain GP, Bahrain International Circuit, Sakhir
  • 7 – 9 Mar – Saudi Arabian GP, Jeddah Corniche Circuit, Jeddah
  • 22 Mar – 24 Mar – Australian GP, Melbourne Grand Prix Circuit
  • 5 – 7 Apr – Japanese GP, Suzuka International Racing Course
  • 19 – 21 Apr – Chinese GP, Shanghai International Circuit, Shanghai
  • 3 – 5 May – Miami GP, Miami International Autodrome
  • 17 – 19 May – Emilia Romagna GP, Autodromo Enzo e Dino Ferrari, Imola
  • 24 – 26 May – Monaco GP, Circuit de Monaco, Monte Carlo, Monaco
  • 7 – 9 Jun – Canadian GP, Circuit Gilles-Villeneuve, Montreal
  • 21 – 23 Jun – Spanish GP, Circuit de Barcelona-Catalunya
  • 28 – 30 Jun – Austrian GP, Red Bull Ring, Spielberg
  • 5 – 7 Jul – British GP, Silverstone Circuit
  • 19 – 21 Jul – Hungarian GP, Hungaroring, Mogyorod
  • 26 – 2 Jul – Belgian GP, Circuit de Spa-Francorchamps, Francorchamps
  • 23 – 25 Aug – Dutch GP, Circuit Park Zandvoort
  • 30 Aug – 1 Sep – Italian GP, Autodromo Nazionale Monza
  • 13 – 15 Sep – Azerbaijan GP, Baku City Circuit, Baku
  • 20 – 22 Sep – Singapore GP, Marina Bay Street Circuit
  • 18 – 20 Oct – United States GP, Circuit of the Americas, Austin
  • 25 – 27 Oct – Mexico City GP, Autodromo Hermanos Rodriguez, Mexico City
  • 1 – 3 Nov – Brazilian GP, Interlagos, Sao Paulo
  • 21 – 24 Nov – Las Vegas Grand Prix, Las Vegas Street Circuit, Las Vegas
  • 29 Nov – 1 Dec – Qatar GP, Losail International Circuit, Doha

Pre-season F1 Drivers Championship Odds 2024

The latest F1 betting odds (via Betfred) for the 2024 Drivers’ Championship sees the “Flying Dutchman” Max Verstappen as the strong favorite to defend his World Championship crown. Last season Max won 19 of the 22 races!

  • Max Verstappen – 1/4
  • Lewis Hamilton – 8/1
  • Lando Norris – 18/1
  • Charles Leclerc – 22/1
  • George Russell – 25/1
  • Sergio Perez – 25/1
  • Oscar Piastri – 33/1
  • Fernando Alonso – 40/1
  • Carlos Sainz – 40/1
  • 150/1 bar

Pre-season F1 Constructors Championship Odds 2024

Here are the Constructors’ Championship odds for 2024 (from bet365), highlighting the anticipated front-runners and underdogs in the race for team supremacy.

  • Red Bull – 3/10
  • McLaren -11/2
  • Mercedes – 15/2
  • Ferrari – 15/2
  • Aston Martin – 40/1
  • 150/1 bar

Most F1 World Championships

The pantheon of Formula 1 greatness is adorned with drivers whose incredible skill, fearless determination, and unparalleled success have set them apart as the best in the sport’s history. Here are the all-time greats with the most World Championship honours.

  • Lewis Hamilton – 7
  • Michael Schumacher – 7
  • Juan Manuel Fangio – 5
  • Alain Prost – 4
  • Sebastian Vettel – 4

FAQ

What is Formula 1 betting?
Formula 1 betting involves placing wagers on various outcomes related to Formula 1 races, including but not limited to, predicting the race winner, podium finishes, fastest laps, and constructors’ championship outcomes. Bettors can choose from a variety of markets offered by bookmakers.
How do I start betting on Formula 1?
To start betting on Formula 1, you should first choose a reputable online sportsbook that offers extensive F1 betting markets. After registering an account and making a deposit, you can navigate to the Formula 1 section, select a race, and then choose the type of bet you wish to place.
What are the most popular types of Formula 1 bets?
The most popular types of Formula 1 bets include race winner (betting on which driver will win a race), podium finish (betting on a driver to finish in the top three), fastest lap (betting on which driver will record the fastest lap time), and constructors’ championship (betting on which team will win the constructors’ championship over the season).
Can I bet on Formula 1 during the race?
Yes, many sportsbooks offer live betting options for Formula 1 races, allowing you to place bets while the race is in progress. Live betting markets might include the next driver to retire, driver match-ups, and changes in the race winner odds as the race unfolds.
What should I consider before placing a bet on Formula 1?
Before placing a bet on Formula 1, consider factors such as the drivers’ and teams’ current form, track characteristics, weather conditions, qualifying positions, and historical performance at the track. Additionally, stay updated with any news that might affect the race, such as technical issues or penalties.
Are there any strategies for Formula 1 betting?
Successful Formula 1 betting strategies often involve thorough research and analysis. This includes studying race trends, understanding tire strategies, and keeping an eye on practice and qualifying sessions. It’s also beneficial to diversify your bets and manage your bankroll wisely to mitigate risks.
Is it possible to make money betting on Formula 1?
While it is possible to make money betting on Formula 1, it requires knowledge, discipline, and a well-thought-out strategy. Betting should always be approached as a form of entertainment rather than a guaranteed way to make money. Remember to gamble responsibly and only bet what you can afford to lose..

* F1 betting odds correct at the time of last update (6th January). All F1 odds are subject to changes. (of course!)