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F1 Betting in Australia

Formula 1 is where the best drivers and designers engage in competition every year with amazing racing throughout the season. The recent surge in popularity of Formula 1 has also led to an increase in betting on it. To meet this demand, our team has researched and analyzed 20 online casinos and ranked the top 10 best F1 betting sites. So, we want players to place their bets with confidence at trusted and legal bookmakers. Get your engine running and choose a platform that fits betting preferences.
Written by
Alison James
Updated
Jan 24, 2024
Online Casino » F1 Betting in Australia

Best F1 Betting Sites in 2024

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Play
1
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5 /5
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Established
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Licence
Curaçao
Total Games
1500+
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5 /5
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Curaçao
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How to Bet on Formula 1

Betting on F1 is easy if you fill out a betting form. Follow these F1 betting tips to start journey within the world of Formula 1 betting:

  1. Choose a Formula 1 betting platform:

    Start by selecting the recommended betting site or app on this page.

  2. Register:

    Fill in all the information you need to create an account with name, email, and date of birth. Expect a verification email and be prepared to provide identification documents.

  3. Fund account:

    Use one of the accepted payment methods to deposit money into an account. This money will be the starting point for first bets.

  4. Place a bet on Formula 1:

    Select the F1 bet type, enter the bet amount, and then click “confirm” or “place”.

These instructions will make you well-prepared to start a betting journey.

Different F1 Betting Options

  • The race winner: Choose the driver you think will win the race. If the chosen driver finishes first, you win. This is a great choice for newcomers to Formula 1 betting.
  • Finish the podium: Another popular option, this bet on F1 involves predicting whether a driver will finish in the top three positions (first, second, or third). If the chosen driver climbs a podium, you win. Although the odds may not be as high as on race winners, it’s a safe bet, especially for beginners.
  • Betting with World Motor Racing Championships: In this F1 betting, you wager that a driver will win the championship when each season ends. You can place this bet before or during the season. If your driver becomes champion, you win. This gives many fans the chance to feel the excitement throughout the season.
  • First-rated 6 Finish bet: Similar to a podium finish bet, this bet allows you to choose drivers who finish within the first six positions. This is a chance to back an outsider who might shine in particular races, potentially offering higher odds.
  • Fastest lap: This bet is simple – you bet on the driver to complete the fastest lap. This happens during practice, qualifying, or the main race, so check the details of specific races before placing your bet.

These Formula 1 betting options provide an exciting way to participate in Formula 1 races, each offering a unique thrill.

How to Understand F1 Betting Odds

Betting on Formula 1, it is important to analyze the chance to make smart bets. We won’t repeat what you already know, instead, we’ll give you a clear and easy-to-understand guide on effectively interpreting Formula 1 betting coefficients.

Formula 1 betting odds are presented in a variety of formats like fractional, decimal, and moneyline odds. Each format gives you different information about your potential winnings. Let’s break them down for you:

  • Fractional odds: These are traditional and widely used in the UK. The 1st number stands for potential profits, and the second for the bet. 

If you see odds of 5/1, a $1 bet will give you $5 in profit plus your original stake if your bet wins.

  • Decimal odds: These are widely used in Europe and are easy to use. The decimal number represents the total potential payout with both profits and stakes.

Odds of 6.00 mean that winning a $1 bet will earn you $6.

  • Moneyline odds: Moneyline odds, also known as American odds, are popular in the United States. Positive odds (+) indicate the potential profit of a $100 bet, while negative odds (-) show the amount you need to bet to win $100.

For instance, +500 means that a $100 bet will generate $500 in profit, while -200 means that you have to bet $200 to win $100.

Top online casino

Safe and licenced
Safe and licenced
Top rated
Top rated
Faster payments
Faster payments
High payments
High payments
#
Casino Details
Bonus
Features
Play
1
Rating
5 /5
Read review
A$1500 + 120FS
  • 100% up to A$400
  • 30 FS deposit bonus
  • Weekly Cashback 11%
Read review
Established
2015
Total Games
2000+
  • EcoPayz
  • Bitcoin
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  • Paysafecard
  • Skrill
  • Neosurf
2
Rating
4.9 /5
Up to A$10,000 + 375 FS
in 4 welcome bonuses
  • 100% Bonus on 1st Deposit
  • 150FS on 2nd Deposit
  • Monday bonus: Up to 50 FS
  • High roller bonus: Up to AU$1500
  • Wednesday FS drop
  • Quests and missions
Established
2020
Licence
Curaçao
Total Games
1500+
  • Visa
  • Neosurf
  • EcoPayz
3
Rating
4.9 /5
130% Up to $1000
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  • Multiple withdrawal methods
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Top 3 Strategies for Successful F1 Betting

Successful Formula 1 players excel due to their profound understanding of sports. They leverage statistics and knowledge to enhance their winning probabilities. Unlike random gamblers who may rely on luck, sustained success in Formula 1 is contingent on familiarity with drivers and their track records.

Our Formula 1 betting experts have identified three valuable strategies to help you increase your chances of winning:

  • Track and seasonal form analysis:

    A driver’s form takes into account his past results at specific tracks. Seasonal form evaluates the overall performance of drivers in a given season. Different drivers succeed on different tracks.

    For example, Nico Rosberg dominated the Monaco Grand Prix from 2013 to 2015, and Lewis Hamilton has the most wins at the British Grand Prix in history. When a driver has a strong record and consistent results, it’s a positive sign for your betting choices.

  • Tires and track temperature:

    Understanding how different cars react to specific conditions is critical. Some drivers may perform better due to the handling of their cars rather than their form. This temperature has a major effect on tire performance. Mercedes, for example, performs well at different temperatures, while Ferrari has some limitations.

  • Consider the weather forecast:

    Always consider the weather forecast when placing bets on Formula 1 events. Weather conditions affect a driver’s performance over several race days, including practice, qualifying, and main races. Rain levels the playing field and leads to unexpected results. Wet tracks challenge cars with a high speed. It’s worth paying attention to which drivers have performed well in wet conditions in previous seasons, as they tend to understand their cars better and make fewer mistakes in rainy races.

Biggest Races for F1 Betting

The most important Formula 1 races to bet on are the Bahrain Grand Prix, the Monaco Grand Prix, the Italian Grand Prix at the Monza circuit, and the season finale, the Abu Dhabi Grand Prix.

Current Formula 1 champions:

YEARDRIVERCONSTRUCTOR
2012Sebastian Vettel (Germany)Red Bull Renault
2013Sebastian Vettel (Germany)Red Bull Renault
2014Lewis Hamilton (Britain)Mercedes
2015Lewis Hamilton (Britain)Mercedes
2016Nico Rosberg (Germany)Mercedes
2017Lewis Hamilton (Britain)Mercedes
2018Lewis Hamilton (Britain)Mercedes
2019Lewis Hamilton (Britain)Mercedes
2020Lewis Hamilton (Britain)Mercedes
2021Max Verstappen (Holland)Red Bull Honda

Formula 1 Racing: An Amazing Story Evolution

Over the years, the sport has developed, with technological innovations, fierce competition, and legendary drivers who have dominated in different eras. In particular, the 1980s brought turbocharged engines and epic duels between Ayrton Senna and Alain Prost.

In recent years, F1 has embraced sustainability and technological progress, becoming a testing ground for innovation. This evolution has also caused the growth of Formula 1 betting in Australia, offering fans exciting opportunities to get involved in sports. Formula 1 betting options, including betting lines and F1 betting odds, have become an integral part of Formula 1 fan online gambling. Fans analyze driver performance, team strategies, and track conditions to place informed F1 bets, strengthening their connection to this exciting sport.

Conclusion

We encourage you to explore the world of Formula 1 betting with care and responsibility. Remember that betting should be done for fun, and it is important to play responsibly and within your means. Choose a reliable betting platform that suits your preferences, apply the tools we’ve discussed, and enjoy Formula 1 racing. Good luck with your bets!

FAQ

Which is the best F1 betting site?
There are plenty of options out there. First of all, we recommend the sites that we have checked for validity and reliability. Take a look at these top 3 best sites from our review.
Can I bet on Formula 1 live?
Yes, of course. Live betting is demanding on bookmaker websites and only first-rated ones provide smooth graphics and quickly updated stats and odds we carefully assess this aspect in all our bookmaker reviews to make sure you don’t miss a beat.
Is 1 Formula betting safe?
Rest assured that betting on 1 Formula is completely safe and secure. Partnering with any of our top-rated bookmakers guarantees worry-free and enjoyable betting.
Is Formula 1 betting popular?
Betting on 1 Formula has gained popularity, especially among the younger generation of gamblers and motorsports enthusiasts who are passionate about the thrill of Formula 1.
What is the legal age for betting on Formula 1 in Australia?
In Australia, the legal age for betting on sports, including F1, is generally 18 years of age. Follow the legal age limits when engaging in any form of sports betting to have responsible gambling.
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Alison James
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Senior editor at aussiecasinoreviewer.com
About the author

Alison James is a gambling and iGaming expert. She researches the niche and attends all the modern exhibitions and conferences in the industry. This allows us to provide you with complete and reliable information about new and reputable casino providers.

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