How to Bet on F1 : Complete Guide | LeoVegas

How to Bet on F1

Formula One is the biggest motorsport in the world. The racing league features the fastest cars on the planet competing in 23 grand prix races around the globe. Formula One is a unique sport, as teams compete for the Constructors Championship, signifying the best team in the competition. Drivers battle for the Drivers’ Championship, which denotes the best individual in Formula One each season.

The Formula One season now has races on nearly every continent. Indeed, the only continent in which F1 does not have a race is Antarctica. The Formula One season is full of excitement. From the moment the green flag drops in March until the final chequered flag of the campaign in November, the F1 season is a high-octane sport full of twists and turns.

Fans can bet on all the Formula One action throughout the season. Bookmakers offer markets on each race. Sportsbooks have a range of markets, including race winner, finishing position, fastest lap, season outright winner market, or to finish on the podium. There is always something to wager on during the F1 campaign.

How to bet on F1: Step by Step

Betting on F1 gets you closer to the action like never before. F1 betting is simple and LeoVegas offers the latest betting odds on a range of markets. It will take just a few minutes to sign-up to LeoVegas. You can then explore the motorsports’ odds and markets before placing a wager.

Here is how to bet on F1:

  • Sign Up at LeoVegas Sportsbook – Simply enter your personal information and make a deposit into your betting account.
  • Search for Formula 1 – Explore the Formula 1 betting odds and markets.
  • Select the event to bet on – Once you find the market you want to wager on, add it to your bet slip.
  • Choose the betting market and place your bet – Now, enter your stake to the bet slip and click ‘bet’.
  • Check the result – once the race is finished, check the results on LeoVegas to see if your bet won. If it did, your account will be credited with the winnings.

F1 Betting Markets

Formula One has a variety of betting markets. You will find some exciting markets to wager on, giving you the chance to win betting profits. Betting isn’t limited to wagering on the race winner. No, there are different markets available with LeoVegas, and each offers you something different.

Moneyline/ GP Winner

A moneyline bet is a wager placed on the driver you predict will win a grand prix race. Moneyline bets, also known as ‘to win’ bets, are the easiest wagers to make on Formula 1 races. You are simply choosing a driver to win the event. If the driver wins, then your bet wins.

Top Six

A top six bet is a wager on a driver to finish in the top six at the end of a race. The top six places are the points positions. You could place a wager on an unfancied driver to finish in the top six and win big.


You don’t have to wager on the driver to win a race. Instead, you may bet on a driver to finish in the top three and end the day on the podium. This is a great bet if you aren’t sure whether a particular driver can win the race.

Constructors’ Championship

The Constructors’ Championship is the trophy the Formula One teams compete for. A team’s drivers will combine for the points in the Constructors’ Championship. The team with the most points at the end of the season will win. You can place a wager on the team you predict will win the Constructors’ Championship before the start of the season. If the team wins, your bet wins.

Drivers' Championship

The Driver’s Championship is like the Constructors’ Championship market. The only difference is that you are betting on the driver you predict will win the Formula One title.

Fastest Lap

The fastest lap market is a wager on the driver with the fastest lap during a grand prix race. This is a great market for Formula One fans that follow the motorsport intensely.


Sportsbooks will offer a range of specials throughout the Formula One season. You will see bet boosts, betting offers, and exclusive markets for specific races under the specials tab.

F1 Regular Season

The Formula One 2023 season starts in March with the Bahrain Grand Prix. The season continues until late November when the Abu Dhabi Grand Prix brings an end to the campaign. The Formula One 2023 season will feature 23 grand prix races. The races take place all around the world.

Here are the races for 2023:

  • Bahrain GP March 5
  • Saudi Arabian GP March 19
  • Australian GP April 2
  • Azerbaijan GP April 30
  • Miami GP May 7
  • Emilia Romagna GP May 21
  • Monaco GP May 28
  • Spanish GP June 4
  • Canadian GP June 18
  • Austrian GP July 2
  • British GP July 9
  • Hungarian GP July 23
  • Belgian GP July 30
  • Dutch GP August 27
  • Italian GP September 3
  • Singapore GP September 17
  • Japanese GP September 24
  • Qatar GP October 8
  • United States GP October 22
  • Mexican GP October 29
  • Brazilian GP November 5
  • Las Vegas GP November 18
  • Abu Dhabi GP November 26

F1 Teams

The Formula One 2023 season features 10 teams made up of two drivers each and several engineers and mechanics. The teams for this season are:

  • Alfa Romeo F1 Team Stake
  • Scuderia Alpha Tauri
  • BWT Alpine F1 Team
  • Aston Martin Aramco Cognizant F1 Team
  • Scuderia Ferrari
  • Haas F1 Team
  • McLaren F1 Team
  • Mercedes-AMG Petronas F1 Team
  • Red Bull Racing
  • Williams Racing

F1 Top Drivers

Formula One features some of the most famous individuals in sports. The motorsports league’s reigning champion is Red Bull’s Max Verstappen. He will attempt to hold onto the Drivers’ Championship in 2023, but top competitors Lewis Hamilton, Fernando Alonso, Sergio Perez, and Charles Leclerc are all gunning for him.

Here are the drivers for the 2023 F1 season:

  • Zhou Guanyu
  • Valtteri Bottas
  • Nyck de Vries
  • Yuki Tsunoda
  • Pierre Gasly
  • Esteban Ocon
  • Fernando Alonso
  • Lance Stroll
  • Charles Leclerc
  • Carlos Sainz Jr
  • Kevin Magnussen
  • Nico Hulkenberg
  • Lando Norris
  • Oscar Piastri
  • Lewis Hamilton
  • George Russell
  • Max Verstappen
  • Sergio Perez
  • Logan Sargeant
  • Alexander Albon

F1 Betting Tips

There are some tips and strategies to follow for betting on Formula One. If you are new to Formula One betting, then be sure to follow the tips below to come to grips with betting on motorsports.


It is important to study the form of each team and driver before a race. The best drivers will battle for first place in nearly every race. If you want to find a dark horse, however, studying the form of the drivers can help.


There is no replacement for researching the team and driver news in the days leading up to a race. You may find a piece of information that is overlooked by the bookmakers.

Watch qualifying

Hardcore fans of Formula One will watch the qualifying rounds. This is an important but overlooked part of race build-up and sets the starting line up for the race. Bettors should watch and learn from qualifying. You will find out which teams are struggling, succeeding, and could win the race.

F1 History

Formula One can trace its history back to the 1920s. However, it wasn’t until 1946 that the first edition of the racing league began. Formula One emerged from the European Grand Prix Championship events of the 1920s and 1930s.

The term ‘Formula’ is used for the different rules and regulations of motorsports. The idea behind Formula One was to bridge the gap between supercharged cars and typical automobiles of the time.

Giuseppe Farina won Formula One’s first race, defeating his teammate Juan Manuel Fangio. Farina also won the initial Formula One title. Since the 1950s, Formula One has seen an evolution in the racecars. Cars have become faster, more powerful, and more agile with every season of Formula One. Aerodynamics is now a major part of the motorsport.

Currently, drivers Michael Schumacher and Lewis Hamilton are the all-time Formula One Drivers’ Championship winners. The drivers each won seven championships. Ferrari has won 16 Constructors’ Championships, more than any other team.

F1 Betting FAQ

Q. How does F1 determine the winner?

A. The drivers that finish one through 10 at the end of a Formula 1 race earn points. The points are tallied up after each race, with drivers ranked one to 20 in a league table. The driver with the most points at the end of the Formula 1 season is crowned the Drivers’ Champion. The winning driver of a race receives 25 points, and second place gets 18 points. Places three through 10 receive 15, 12, 10, eight, six, four, two, and one points, respectively. The driver with the fastest lap earns one additional point.

Q. How is the F1 Constructors’ Championship determined?

A. Each team has two drivers who earn points based on where they finish the races. The points are added together to produce a team total. The teams are then ranked in a league table based on the points. The team with the most points at the end of the season is declared the Constructors’ Championship winner.

Q. What is group betting in Formula 1?

A. Group betting pairs two drivers or teams together, with odds offered on which of the two will finish in a higher position in the standings. Group betting is also available for races. You can place a group bet on races, too. In this situation, you are betting on a driver finishing ahead of another F1 driver.