Formula 1 Betting & Odds at Betiton

When it to motorsports, it is safe to say that Formula 1 is king. F1 is an international sport with Grand Prix races taking place all over the world. The average F1 races attracts more than 80 million viewers, and at Betiton UK a good chunk of those betting on sports in the UK love betting on F1. As a result, Betiton offers our punters a top Formula 1 betting online platform. Below you can find out all that you need to know about betting on F1, ranging from the different markets, the top races, and the best betting tips.

🤑 Formula 1 Free Bet	Bet £15, Get a £10 Free Bet
🏎️ Bet on F1 Races	British Grand Prix, Monaco Grand Prix, Las Vegas Grand Prix, Italian Grand Prix, and Abu Dhabi Grand Prix
📈 Formula 1 Betting Markets	Race Winner, Fastest Lap, Podium Finish, and Pole Position
💳 Deposit Methods	Visa, Skrill, PayPal, Paysafecard, Trustly, and Bank Transfer

The Best F1 Races You Can Bet on at Betiton UK

When it comes to betting on Formula 1 in 2024, there will be a record 24 races that you can bet on throughout the year. The season has been scheduled to start on the 2nd of March in Bahrain and end in Abu Dhabi on the 8th of December. While there are plenty of races that you will find Formula 1 betting odds for, I’ve listed the five best ones to keep an eye on in the following table, with a short description of each race underneath.

🏎️ Formula 1 Race	📍 Track	🛣️ Track length (Miles)	🗓️ Date of Event
Monaco Grand Prix	Circuit de Monaco	2.07	Sunday 26th May
British Grand Prix	Silverstone Circuit	3.66	Sunday 7th July
Italian Grand Prix	Autodromo Nazionale Monza	3.600	Sunday 1st September
Las Vegas Grand Prix	Las Vegas Street Circuit	3.85	Saturday 23rd November
Abu Dhabi Grand Prix	Yas Marina Circuit	3.28	Sunday 8th December

Monaco Grand Prix

The F1 Monaco Grand Prix takes place each year at the Circuit de Monaco at the end of May or the beginning of June, and it has become one of the most prestigious and important races in motorsport. Alongside the 24 Hours of Le Mans and the Indianapolis 500, it forms the Triple Crown of Motorsport. This 78-lap race is one of the most demanding in F1 as it is a narrow track with many tight corners and elevation changes. The danger involved has helped it become such a popular race. Max Verstappen has had the most recent success here, winning in 2021 and 2023.

British Grand Prix

The British Grand Prix has been held 53 times at the Silverstone Circuit, but the location might change in 2025 as the contract runs out this year. It is always a packed house at Silverstone when this 52-lap race is scheduled, but what is it that makes it so popular among F1 fans? Well, it is a track that tests the high-speed aerodynamics of an F1 car, while there are plenty of overtaking opportunities, keeping things interesting. Hamilton has won this race a record eight times, while Verstappen is the current champion of the track.

Italian Grand Prix

The Italian Grand Prix happens to be the world’s fifth oldest Grand Prix as it has been taking place each year at Monza since 1921. Alongside the British Grand Prix, it is the only Grand Prix that has been in every F1 season since the championship came into being in 1950. This is a very popular 53-lap race among F1 fans as its layout of wide corners and long straights allows the drivers to reach top speed for 75% of the track. You can regularly see the cars reach speeds in excess of 350 km/h. Lewis Hamilton and Michael Schumacher have won five times here, more than any other driver, but Verstappen has won the previous two editions.

Las Vegas Grand Prix

The Las Vegas Grand Prix was held for the first time on the 18^th of November 2023 as a night race, and it was an instant success. The 50-lap race, which was created by Tilke GmbH, takes place on temporary street circuit which includes the famous Las Vegas Strip. The low grip of the track surface is one that punishes any small mistake from the driver, while the cooler night temperatures provide a number of different challenges to the drivers. You will probably not be too surprised to hear that Verstappen won the first edition of this race. 

Abu Dhabi Grand Prix

The Abu Dhabi Grand Prix first took place at the Yas Marina Circuit in 2009, and it has since gone on to become a regular fixture in the F1 season. It has been scheduled to take place here until 2030 at the very least. One of the main factors that has made this 58-lap race a big hit with Formula 1 fans is the unparalleled entertainment and luxury. Those in attendance get treated to a true immersive experience, including fine dining, 5-star accommodation, and parties with some of the world’s biggest music stars. When it comes to the Formula 1 drivers, Hamilton is the most successful with five titles, while Verstappen has won the previous four.

Formula 1 Calendar for 2024

While I have my top Formula 1 betting picks, this is not to say that the other races that complete the season are not worth watching or placing bets on. As a result, in the following table, you can find the full Formula 1 calendar for 2024. Make a note of any races that particularly appeal to you, so that you do not miss out on any Formula 1 sports betting opportunities.

🏎️ Event	📍 Location	📅 Date of Event
Bahrain Grand Prix	Bahrain International Circuit	29th February – 2nd March
Saudi Arabian Grand Prix	Jeddah Corniche Circuit	7th – 9th March
Australian Grand Prix	Melbourne Grand Prix Circuit	22nd – 24th March
Japanese Grand Prix	Suzuka Circuit	5th – 7th April
Chinese Grand Prix	Shanghai International Circuit	19th – 21st April
Miami Grand Prix	Miami International Autodrome	3rd – 5th May
Emilia Romagna Grand Prix	Autodromo Enzo e Dino Ferrari	17th – 19th May
Monaco Grand Prix	Circuit de Monaco	24th – 26th May
Canadian Grand Prix	Circuit Gilles Villeneuve	7th – 9th June
Spanish Grand Prix	Circuit de Barcelona-Catalunya	21st – 23rd June
Austrian Grand Prix	Red Bull Ring	28th – 30th June
British Grand Prix	Silverstone Circuit	5th – 7th July
Hungarian Grand Prix	Hungaroring	19th – 21st July
Belgian Grand Prix	Spa-Francorchamps	26th – 28th July
Dutch Grand Prix	CM.com Circuit Zandvoort	23rd – 25th August
Italian Grand Prix	Autodromo Nazionale Monza	30th August – 1st September
Azerbaijan Grand Prix	Baku City Circuit	13th – 15th September
Singapore Grand Prix	Marina Bay Street Circuit	20th – 22nd September
United States Grand Prix	Circuit of the Americas	18th – 20th October
Mexico Grand Prix	Autódromo Hermanos Rodríguez	25th – 27th October
Sao Paulo Grand Prix	Autódromo José Carlos Pace	1st – 3rd November
Las Vegas Grand Prix	Las Vegas Street Circuit	21st – 23rd November
Qatar Grand Prix	Losail Circuit	29th November – 1st December
Abu Dhabi Grand Prix	Yas Marina Circuit	6th – 8th December

Betiton UK Formula 1 Betting Markets

When it comes to betting on Formula 1, there are many different outcomes that F1 fans can put their money on. However, some markets are much more popular than others. This Formula 1 betting guide will take you through some of the most popular ones.

Race Winners

There are 24 races where you will have the option of predicting which driver that will come out on top on the day. This is one of the more straightforward types of bets out there, and it is a good one to begin with if you happen to be new to betting on Formula 1 results.

Outright Winner

When you are Formula 1 outright betting, what you are tasked with doing is trying to predict the driver that will pick up the most points and win the title at the end of Formula 1 schedule. With such a market, it is wise to place your bet as soon as possible since the odds will shorten with each passing race.

Podium Finish

At the end of each race, the top three drivers will stand on the podium to celebrate their success. If you think a driver will do well in a race but are not sure as to whether they will win it, you can opt to bet on them to finish in the top 3. As there is no need to pick their final position, the betting odds for Formula 1 for this market will be shorter than the odds for the match winner, but you will have a higher chance of winning.

Number of Victories Won by a Racer in a Season

For this market, you need to try and predict the number of races that a particular F1 driver will win over the course of the season. For example, you might find value in Verstappen to win at least 9 races during the 2024 season. You can often find some decent odds for this kind of market.

The Best Constructor

Not only can you place a bet on the best driver over the course of a season, but you can also put money on the team that will accumulate the most points. Some of the different constructors that you can think about placing bets on include Mercedes, Red Bull, McClaren, and Aston Martin. 

Other Betiton UK Formula 1 Markets

Here is a quick roundup of other notable markets that you will find at top best F1 betting sites.

• Pole Position: Predict which driver will finish first in the qualifying round. This winner will earn pole position to start at the front of the pack of the main event and have an advantage over their rivals.
• Winning Margin: If you like a risky bet that usually comes with some decent odds, then you might want to look at this market. Here, you are tasked with predicting the number of seconds that the winner will win by.
• Safety Car: A simple question to predict. Will the safety car have to make an appearance during the race or not?
• Fastest Lap: Drivers have an incentive to drive as fast as possible as the driver that gets the fastest lap and finishes in the top 10 will receive a bonus point. You can bet on the driver you think will get the fastest lap in a race.

Betiton UK Formula 1 Bet Types

There are several bet types you can find for Formula 1 betting. Take a look below to see if any catch your eye. Further information about these bet types can be found on the FAQ page, under the ‘General Sports FAQ’ heading.

• Single: This option offers punters to place a prediction on one singular event. As the simplest bet available, it’s a great all-round option for new and experienced punters. Click on the odds for the particular market you’re interested in, set your stake, and your possible return will be calculated.
• Accumulator/Combo: Choose a minimum of two ‘single’ compatible wagers to create a bespoke accumulator betting slip. The potential winnings are greater for accumulators as the odds for each selection are multiplied by each other. All predictions in your slip will need to be successful to win.
• System: Placing between 3 and 8 compatible wagers has the potential to turn into a System bet. The main difference between a System bet and an Accumulator is that you can still win, even if not all legs are successfully predicted.

Formula 1 Betting Odds Explained by Betiton UK

When it comes to betting odds for Formula 1, Fractional, American, and Decimal can be found at Betiton UK. Toggle to your preferred format by clicking on “Odds” in the top right of the page.

• Fractional: The number will tell you the amount that you could potentially win for every £1 that is bet. Thus, if you wagered £10 at fractional odds of 5/1 and ended up winning, you would get £60 back – £10 in stake and £50 in profit.
• Decimal: The number tells you the total payout, and not the potential profit. If you bet £5 with odds of 3.00 and win, you will receive £15 back – £5 in stake and £10 in profit.
• American: The minus sign is for the favourites and it tells you the amount that you need to stake to land $100, while the plus sign is for the underdogs and indicates how much you can potentially win by betting $100 on them.

Betiton UK Formula 1 Betting Tips

When the next Formula 1 race comes around, there is nothing preventing you from placing a random bet and hoping that luck is on your side, but if this is your main F1 betting strategy, do not be surprised when you end up losing more times than you win. Take note of my top betting tips to keep in mind:

• Find the value bets: Sometimes betting on the favourite might see you win, but the returns are nothing to shout about. Do your research and take a punt on drivers that you feel are underestimated or undervalued as they will have longer odds.
• Know the engines: Find out how the different cars perform on bends, straight tracks, dry tracks, and wet tracks. While this can be quite tricky at the start of a season because constructors often come with different updates, by nearing the middle of the season you should have all the important data that you need.
• Check out the weather: The weather can have a big influence on F1 races. In 1998, for instance, a huge and unexpected downpour in Belgium created havoc, leading to a first win for team Jordan. Even a small amount of rain can have an impact on the outcome of a race, while other factors such as temperature and humidity can end up affecting the performance of the vehicles.
• Pay attention to qualifying: The starting grid is very important because the further a driver finds himself from pole position, the more overtaking he will need to do in order to claim a podium spot. On tracks like at the Canadian Grand Prix, there are ample overtaking opportunities, but the same cannot be said for the Monaco track, where overtaking is basically impossible. Watching the qualifying race will give a good idea as to how a driver will perform the next day.

How to Bet on Formula 1 at Betiton UK?

Now you’re stocked with some Formula 1 betting tips, I will now explain how you can open a Betiton UK account so that you can make use of the betting odds on Formula 1.

1. Click on “Sign Up” button found on the homepage.
2. Enter your email address and create a unique username and password.
3. Give your full name, date of birth, house address, and mobile number.
4. Click “Create Account”.
5. Head to our “Banking” page, select a deposit method, follow the simple instructions, and start betting on F1.

Betiton UK Formula 1 Betting Offers & Promotions

At Betiton UK, punters can opt in to a free bet welcome bonus that they can use on live Formula 1 betting, for example. If you sign up and place a £15 qualifying wager, then you will receive a £10 free bet. Here are the main T&Cs:

• For new players only.
• Minimum odds of 2.00.
• Payments with Skrill, Paysafecard, Neteller, and PayPal are not accepted.
• 14 days to make use of free bet.

Responsible Gambling at Betiton UK

Responsible gambling is something taken very seriously at Betiton UK, which is why there are different features that our punters can make use of to ensure that you do not end up spending too much. For instance, you have the option of placing deposit limits for a day, week, or month. There is also the option of setting up a self-exclusion period. Additionally, set up a budget with an amount you can afford to potentially lose, and stick with it – never chase any losses.

FAQs – Frequently Asked Questions about Formula 1 Betting