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F1 Betting Odds in Canada
| 🤑 Formula 1 Free Bet | $10 |
| 🏎️ Bet on Formula 1 Events | Canadian Grand Prix, British Grand Prix, Monaco Grand Prix, Italian Grand Prix, Abu Dhabi Grand Prix, Las Vegas Grand Prix |
| 🖋️ F1 Betting Markets | Race Winner, Podium Finish, Driver to Win a Race |
| 💳 Betiton Canada Deposit Methods | VISA, Mastercard, Payz, AstroPay, Paysafecard, MuchBetter, Bank Transfer |
Welcome to your F1 2024 betting odds guide, where you’ll learn everything you need to know about F1 betting at Betiton Canada. We’ll explain everything from how Formula 1 betting lines work to how to read and understand F1 betting odds and the best tips for F1 mobile sports betting.
Whether you’re new to F1 betting or an experienced bettor looking for helpful tips and information, you’ll find it all in this Formula 1 betting guide. We’ll also walk you through all the major F1 races you can bet on at the best f1 betting site, including the Canadian Grand Prix, Monaco Grand Prix, and many others.
How Does Online Betting on Formula 1 Work?
Online betting on Formula 1 races involves placing a wager on the betting odds provided by an online sportsbook like Betiton Canada. Betting odds on F1 are provided for every possible outcome in an F1 race, and you can use these to place a wager based on your prediction for the race. For example, if you think Lewis Hamilton will win a race, you’d find the odds for this driver and place a bet on that selection.
If the result of the race aligns with your prediction/bet, you’ll receive a specific amount based on the odds. If your bet is wrong, the amount you wagered will be lost, and no payout is added to your balance.
Online Formula 1 Betting Odds
If you’re interested in betting on F1 races in 2024, it’s crucial to understand the odds correctly before wagering any money. Betting odds for Formula 1 represent the likelihood of a particular outcome, usually shown in the moneyline format.
Let’s take an example of Formula 1 championship betting odds for the Canadian Grand Prix. If Max Verstappen has odds of +150 to win, you’ll win $150 for every $100 wagered if the bet is successful. If you’re more accustomed to the decimal or fractional odds format, you can change the settings from the small menu in the top-right corner.
Formula 1 Betting Markets
Formula 1 outright betting is the most straightforward and popular way of betting on races, but there are a few other different types of bets that you can find at F1 betting sites like Betiton Canada. Below is a summary of the popular F1 betting markets on which you can place your bets.
- Race winner betting: This is the most common way of betting on any Formula 1 race and involves betting on the driver you think will finish in first place.
- Betting on the top 3 drivers: Also known as the podium finish bet, this bet offers better odds than the previous one because it involves betting on a driver to finish in the top three places.
- Driver to win a race – Yes/No: Betting on a driver to win at least one race in a competition with multiple races, such as the Drivers Championship.
Betting on F1 Races
| 🏎️ F1 Race | 🏟️ Place | 📅 Dates | 📍 Track Length |
| ✔️ Canadian Grand Prix | Circuit Gilles Villeneuve | 9th June 2024 | 4.361 km |
| ✔️ Belgian Grand Prix | Spa-Francorchamp | 28th July 2024 | 7.004 km |
| ✔️ British Grand Prix | Silverstone Circuit | 7th July 2024 | 5.901 km |
| ✔️ Monaco Grand Prix | Circuit de Monaco | 25th May 2025 | 3.337 km |
| ✔️ Las Vegas Grand Prix | Las Vegas Street Circuit | 24th November 2024 | 6.201 km |
| ✔️ Miami Grand Prix | Miami International Autodrome | 4th May 2025 | 5.412 km |
| ✔️ Australian Grand Prix | Melbourne Grand Prix Circuit | 16th March 2025 | 5.303 km |
| ✔️ Italian Grand Prix | Autodromo Nazionale Monza | 1st September 2024 | 5.793 km |
| ✔️ Abu Dhabi Grand Prix | Yas Marina Circuit | 8th December 2024 | 5.281 km |
| ✔️ Hungarian Grand Prix | Hungaroring | 21st July 2024 | 4.381 km |
Canadian Grand Prix 2024
The 2024 Canadian Grand Prix was the 59th race held since it was first established in 1961. The race has been held on various circuits over the years, but since 2002, it’s always taken place on the Circuit Gilles Villeneuve. Lewis Hamilton and Michael Schumacher are the most successful drivers, but Max Verstappen won the 2024 edition.
Belgian Grand Prix
The Belgian Grand Prix was first held in 1925, making it one of the oldest Grand Prix races in the world. The 2024 Belgian Grand Prix will be its 80th edition and will take place on the Circuit de Spa-Francorchamps, where it always has. The top driver in this race is Michael Schumacher, who has six wins.
F1 British Grand Prix 2024
The 2024 British Grand Prix is one of the biggest races you can bet on at all the best Formula 1 betting sites. It’s set to take place on the 7th of July at the Silverstone Circuit, where the race has been held every year since 2011. Lewis Hamilton won it the most times with eight titles.
F1 Monaco Grand Prix 2024
The 2024 Monaco Grand Prix was held on May 26th, marking the race’s 70th anniversary. It took place on the Circuit de Monaco, where the 2025 edition is set to take place. The Monaco Grand Prix is the first round of the Formula One World Championship, and Charles Leclerc is the latest winner.
F1 Las Vegas Grand Prix 2024
The Las Vegas Grand Prix is the newest race in the F1 World Championship, first held in 2023. The 2024 Grand Prix will be the second edition, scheduled to take place on November 24th at the Las Vegas Strip Circuit. Max Verstappen won the first edition.
F1 Miami Grand Prix 2024
Like the previously described race, the Miami Grand Prix is one of the newest races in the F1 Championship calendar, first held in 2022. The 2024 Miami Grand Prix will be held at the Miami International Autodrome. Max Verstappen won the first two races, but Lando Norris won the 2023 race.
Australian Grand Prix 2024
The 2024 Australian Grand Prix was the 87th edition of the race, held on the Albert Park Circuit. Since its first edition in 1928, the race has been held at 23 different venues. Lex Davison and Michael Schumacher both won the race four times, but Max Verstappen won the 2024 race.
F1 Italian Grand Prix 2024
The 2024 Italian Grand Prix will be the 94th edition and will take place on September 1st. It’s the fifth oldest Grand Prix race and the 16th round of the Formula One Championship. Max Verstappen won the 2023 race, but Michael Schumacher and Lewis Hamilton won it the most times.
F1 Abu Dhabi Grand Prix 2024
The Abu Dhabi Grand Prix is another relatively new race in the F1 Championship calendar compared to other races. It was first held in 2009, and it has always taken place on the Yas Marina Circuit. The 2024 edition will be held on the 8th of December and will be the 16th race held so far.
Hungarian Grand Prix 2024
The 2024 Hungarian Grand Prix will take place on July 21st on the Hungaroring track, where it’s been held since 2003. The next Hungarian Grand Prix will be the 40th edition of the race, which has been dominated by Lewis Hamilton, who has won it eight times. However, Max Verstappen won the 2023 race.
How to Bet on Formula 1 with Betiton Canada?
If you want to try betting on Formula 1 at Betiton Canada, you’ll need a betting account first. Once you’ve signed up and verified your account, you can use your preferred banking option to make your first deposit. Once that’s set up, you can follow the steps below to start Formula 1 betting online.
- Click Log In and enter your username and password.
- Go to the sports section and click on the Formula 1 category.
- Choose the race you want to bet on.
- Add your selected bet to your betslip and enter your stake.
- Review your betslip and submit it by clicking Place Bets.
Live Formula 1 Betting
Formula 1 live betting involves placing wagers during a race, as opposed to pre-match bets, which are placed before a race begins. It requires a different approach than placing bets before the race commences because the odds fluctuate rapidly based on the race’s momentum.
Live Formula 1 betting allows you to place bets with better insight, especially if you’re following the race and listening to what commentators are saying. This means you’re more likely to place a successful bet, but the returns will also be much lower, especially as the race progresses.
Formula 1 Betting Tips by Betiton Canada
Before engaging in Formula 1 championship betting, allow us to share our top F1 betting tips that might help you form a successful betting strategy and increase the odds of winning your bets. However, always remember the unpredictable nature of sports and the risks involved with sports betting.
- Stay informed about the Formula 1 world: Read the latest news, and review drivers’ performances, and track conditions before a race.
- Understand the difference between pre-match and live betting: Both types of Formula 1 online betting offer different pros and cons, and it’s worth considering a combination of both for some races.
- Follow the race you’re betting on: This is particularly important for live F1 online betting because it will give you valuable insight for your bets.
- Consider track conditions: Conditions like the weather, heat, and cold weather can all influence a driver’s performance in F1 racing.
- Avoid betting on the favourite every time: You might get a chance at better returns if you bet on another driver other than or along with the favourite.
- Understand the race format: This may vary depending on the track and the race you’re betting on.
- Use your bankroll wisely: Proper bankroll management is key to successful F1 betting in Canada and can help you minimise the risk of big losses.
- Find a sports betting bonus: Look for deposit bonuses or Free Bets that you can use for betting on F1.
Top 10 Best F1 Drivers – 2024 Standings
| 🏆 Ranking | 🏎️ Driver | 📍 Country | 🚗 Car | 📌 Points |
| 1️⃣ | Max Verstappen | Netherlands | Red Bull Racing Honda RBPT | 194 |
| 2️⃣ | Charles Leclerc | Monaco | Ferrari | 138 |
| 3️⃣ | Lando Norris | United Kingdom | McLaren Mercedes | 131 |
| 4️⃣ | Carlos Sainz | Spain | Ferrari | 108 |
| 5️⃣ | Sergio Perez | Mexico | Red Bull Racing Honda RBPT | 107 |
| 6️⃣ | Oscar Piastri | Australia | McLaren Mercedes | 81 |
| 7️⃣ | George Russell | United Kingdom | Mercedes | 69 |
| 8️⃣ | Lewis Hamilton | United Kingdom | Mercedes | 55 |
| 9️⃣ | Fernando Alonso | Spain | Aston Martin Aramco Mercedes | 41 |
| 🔟 | Yuki Tsunoda | Japan | RD Honda RBPT | 19 |
Formula 1 Sports Betting Offers
One of the tips mentioned in this F1 betting guide is to look for betting offers or bonuses from your chosen sportsbook. Luckily, Betiton Canada has you covered with a fantastic Sports Betting Welcome Offer, giving you a $10 free bet when you sign up and wager a minimum of $15 on any sports bet with minimum odds of 2.00.
Please note that the Welcome Offer Free Bet is only available to new players registered in Canada and is subject to various terms and conditions. If you’re already a member and ineligible for this offer, check out our loyalty program and our popular Betiton Boostiton Offer on the promotions page.
Other Sports Categories Available at Betiton Canada
If you’re interested in sports similar to Formula 1 racing at Betiton Canada, you can try betting on MotoGP, Indy Car racing, Speedway, and Stock Car racing. Even more popular sports you can bet on at our online sportsbook include NFL and NHL betting, college football, tennis, and soccer.
Betiton Canada offers a wide range of about 40 sports you can bet on, including other fun categories like surfing, esports tournaments, cycling, darts, snooker, and even chess. With a mix of popular and niche sports to choose from, you can bet on a diverse betting experience when you choose Betiton Canada.
Responsible Gambling
If you want to try F1 championship betting at Betiton Canada, it’s vital to remember the key principles of responsible gambling and ensure you’re betting safely. This means setting limits to control how much time and money you spend on betting.
It’s crucial to view sports betting on Formula 1 and other sports strictly as a form of entertainment rather than a guaranteed source of income. Additionally, it’s important to stay informed about the risks associated with gambling and be mindful of any signs of problematic behaviour. A self-assessment questionnaire can be found on our responsible gambling page, which you can take at any time to ensure your gambling is under control.
Frequently Asked Questions about F1 Sports Betting
Can you bet on F1 in Canada?
Yes. You can bet on F1 betting lines and other bet types through an online sportsbook in Canada, such as Betiton Sports.
When is the 2024 Canadian Grand Prix?
The 2024 Canadian Grand Prix will be held on the 9th of June.
What are the biggest F1 races?
The biggest F1 races include the Monaco Grand Prix, the Italian Grand Prix, and the British Grand Prix.
What are the most common bets in Formula 1?
The race winner bet is the most common Formula 1 betting in Canada. Other common ways to bet on F1 include the Podium Finish and the Pole Position.
What are prop bets in F1?
Prop bets in F1 betting are special bets on occurrences in a race that aren’t usually related to the outcome. For example, the driver with the fastest lap, the winning margin time, and the fastest pit stop.