The best bookies for betting on F1 have to have many of the same attributes as the teams themselves. Technical prowess and the ability to stand up to immense competition, to give but a couple of examples. We’re going to bring you all of the information that you need to find the best place for your online F1 betting.
Indeed, the competition for the best Formula 1 betting sites for Australia users can be so vast, it can be tough to work out the finish line from pole position. Our guide on Formula 1 betting online is not only a blueprint for everything that goes into our recommendations, but also helps newcomers understand what makes this sport so special.
Editor’s recommendations: The best Formula 1 betting sites
We’re going to be discussing exactly what goes into a best Formula 1 betting site recommendation as we get on with our analysis. That said, we want to give you an idea of exactly what we mean when we talk about quality bookmakers for betting on Formula 1 before we begin.
Keep in mind, that these are three recommendations based on what we think will have the broadest appeal. Our job is to ensure every operator we showcase for Formula 1 betting online meets our awesome standard of quality. This doesn’t mean another operator might not be personally better for you and how you like to bet. They are, however, ones we think represent that top level of quality when it comes to betting on F1.
Great odds for rugby league, union and Aussie rules
A diverse and international sportsbook
Plenty of betting options
As is common, we’re going with a trio of recommendations in no particular order, but we’re lumping our first two together. TopSport and PlayUp are both awesome options for Australians, providing a surprisingly good selection of Formula 1 markets. They’re better known as some of the best horse racing betting sites, while their contributions to betting on Formula 1 aren’t as well known. We’re happy to say though, they exceeded expectations, providing particularly excellent markets for tournament betting and coverage from all around the world. A great showcase for two world-class bookmakers that continue to show off their diversity.
Over 20 different sports
Fixed odds horse racing bets
Daily enhanced odds
Go to PlayUp
Our last pick is one of the best known not just in Australia, but all around the world, and that’s this planet’s biggest betting exchange, Betfair. Of course, these have a unique selling point when it comes to Formula 1 betting online because you’re betting against other people and not the house itself. That means different – and often very generous – odds opportunities.
What really made them a pick for the best Formula 1 betting sites though was the incredible variety they offered, as well as the depth they provided in terms of statistical and analytical footage. Top that off with one of the best live experiences in the game and you have a Formula 1 product that few can match.
The Pit Stop: How we test betting on F1
It’s one thing for us to tell you what we do when it comes to our reviews and recommendations. Understanding what actually goes into the best Formula 1 betting sites selection though, is a whole other story.
Here, we’re going to break down our key betting analysis, with step-by-step explanations of the most pertinent points, so you can really get a deeper look into just how comprehensive our examinations are. Along the way, you’ll probably learn a little about how betting on F1 works, which may help you when deciding which option is right for you in the end.
Preliminary step: Security
We’d never advise anyone to sign up to a site without quality security, and neither will we. It doesn’t matter how many betting on F1 markets there are if we can’t be sure that a site is safe and legitimate. The key test on the latter point is to see if the site has a license. There’s a few in Australia depending on the area, like the The Northern Territory Racing Commission. Other international licenses can also be legitimate, such as from the Malta Gaming Authority and the UK Gambling Commission.
We also check that the site utilises encryption. This is what keeps all the internet baddies from stealing your data. In addition, we check that all of the policies – from privacy and data protection to responsible gaming and general terms – are reasonable. Only if this meets our strict standards will we move forward.
Step 1: Registration
Firstly, we register with the site in question. That’s right, exactly like you do. This is also how we begin when it comes to finding the best rugby betting sites and the best tennis betting sites as well. Essentially, what we’re trying to do is get a real site experience, as close to yours as possible. That way, we get an authentic, first-hand experience of what the site is actually like.
Step 2: Depositing funds
Our next step is depositing funds. We start by seeing what methods are available, making note of the variety and what kind of general appeal these options will have. We also check out the stated fees and transaction times to see how they stack up to the competition. Of course, we’re looking for the best Formula 1 betting sites for Australian users, so we’re paying particular attention to their relevance for that market.
Next up, we actually select a relevant method and deposit funds ourselves. Throughout this, the registration and our general usage, we’re also paying attention to how easy the site is to use throughout. At this point too, we may need to provide identification and we also document how easy this process is. Another bonus for us is when deposit limits are made available at this time.
Step 3: Market check and betting
It’s then time to head on over to the market options for betting on F1. The first step is simple and that’s just checking out the variety of options available: the more, the better. We also test the odds. This is a two-fold process.
First, we check the overround. This is the number all possible market odds, converted into percentages come to above 100%. All markets together would, all things being fair, come to 100%. However, the bookmaker builds an edge into their odds, meaning it will come above this amount. All operators do this and it’s essentially how they stay in business, so this is not a flaw. But the closer to 100%, the better. We then check them against other top bookmakers. This is simple: the better the returns, the better the odds.
Our next step is picking a market, and placing a bet. As tempting as it may be, we can’t give extra points for winning, but we can for this being an easy, clear and enjoyable process. Very important is the clarity of the return for our bets. In terms of the markets we’re looking for, we’ll go into more detail on that and betting on F1 a little later.
Step Four: Live betting
Live betting is a challenge for, well, all kinds of gambling. Whether you’re football betting online or looking for the best Formula 1 betting sites, live coverage is where you see how much pressure a site can handle. That’s why we use this as the final technical test for our site.
Alongside everything we’ve been doing, we’ve also been conducting design tests. This essentially means we’ve been paying close attention to how well the site works, how well it’s structured, if there are any broken links and if everything is easy to understand. This also includes customer service, so if they have a live chat function, how well that operates and how widely available it is, for instance. The focus on design is how easy and how seamless an experience it is for the average person. Live betting, with the need for constant updates, is the ultimate test of this.
In fact, betting on F1 might just provide the ultimate test for the ultimate test, thanks to the incredible speed of the sport. Even if live streaming isn’t available, it’s an incredible challenge to keep those live odds updated, those graphics in line with the action and the response of the site razor sharp. If it can be considered among the best Formula 1 betting sites for live betting, it can likely be considered one of the best for live betting for any sport.
Finally, we do all these tests again on mobile, where the small screen adds an extra dimension to our testing, and the pressure on the bookmaker, who – like a tire on a tight corner – needs to try not to buckle.
Step Five: Reputation
The problem with all of our tests, as extensive as they are, is that there’s always the chance that we had a really positive experience wagering on Formula 1 but other people didn’t. That’s why as a final seal of approval to ensure that our experiences line up with that of others, we also research what other users of the site have to say about it.
How much of this we can get, especially specifically about betting on F1, can vary. But we are generally able to get an impression of how the users of the site feel about their experiences. We match that with our own, and consider the history of the operator – especially for any negative incidents – to finally provide the best Formula 1 betting sites with our stamp of approval.
Keeping it personal: How to find your best F1 betting online experience
We hope you now not only have an idea of what goes into one of our reviews but also what makes a great Formula 1 operator. The latter point isn’t just knowledge for the sake of it either. We want you to have a good idea of what separates the good from the bad, and the great from the good. That’s because in the end, it’s you who will pick your favourite from our selection of best Formula 1 betting sites. The good news here is there are quite a lot of top-tier candidates for Australian gamblers.
In fact, there are many that we can’t say are objectively better than the other. They’re just all five-star, world-class, tens all round. But that doesn’t mean they’re all the same. In fact, when it comes to things like style and target audience, they can be very different. One could be a betting exchange, as we suggested in our recommendations. One might be mobile exclusive or have banking options you prefer. None of these things would make one site better than another, but could make them better for you.
Our part in helping you find your perfect operator is providing you with a selection of amazing candidates, all capable of wearing the best Formula 1 betting sites crown. We do all the checks and tests to ensure they’re of an absolutely top-notch standard. We even do our best to suggest in our analysis who different sites may be best suited for. Ultimately though, deciding between that elite level, based on how you like to bet, is your choice.
You’ve hopefully got a very good idea by now what the best places to enjoy Formula 1 betting look like. But before we hit the finish line with our conclusion, we thought we’d grease the wheels with a look at a few of our favourite Formula 1 betting markets.
Race winner. We had to start with this. The most popular market is simply saying who you think will cross the finish line first. Stunning in its simplicity, but also understanding what goes into making a winner can make this a deceptively deep and strategic market.
Top 3 finish. Sometimes the race Winner market is too obvious or obscure to be interesting with so many different options. In that case, you’ll need to widen the field. The top 3 finish market only requires your pick to end up on the podium for you to be a winner. This allows you a much broader set of realistic picks, and can give you opportunities when your favourite isn’t the favourite.
Driver vs driver. This breaks down the field of racers, so that only the results between two matter to the success of your bet. Driver vs driver sees you pit one against the other and so long as your pick bests the other, you come out a winner. It’s perfect if you want to narrow things down to key rivals across any part of the track
Fastest lap. Here, you only need to pick who will have the fastest lap, and the rest of the race is left irrelevant. It’s a really interesting market for when you have strong but inconsistent racers.
World Driver’s Championship. For both the racer and the constructor – that’s the people who make the car to you and me – there’s no more ultimate prize than the World Driver’s Championship. This is the culmination of the entire season, and for many, is the ultimate way to bet on F1. Best of all, this market is a great way of keeping your interest across many races. Hey, even if you lose, so long as you stay in your limits and it makes your enjoyment of the season better, we’d say that was a successful bet.
Conclusion: A greenlight for great F1 betting
We’ve dedicated so much of our consideration here to making sure you get the absolute best experience. We’ve talked about not only how we judge the finest Formula 1 betting options out there, but also the markets that make them special and how you can take the final decision to discover a great betting site for Formula 1 which is perfect for you and how you like to bet.
However, in the midst of all those analytics, never forget that the whole point of all of this is so we can enjoy the fast-paced fun of Formula 1 as much as possible. Betting on F1, just like racing, is about having a good time. Keep that in the forefront of your mind when choosing your Formula 1 operator, and you’re already onto a winner.
Unibet Australia offers more than 250,000 sports betting opportunities every year
Highly intuitive betting platform with plenty of stats at your fingertips
Super-fast responses from the betting line and live chat support
Betting on F1 FAQ
🏁What is the best betting site for Formula 1?
With such an action-packed, fast-paced sport, it’s important to make sure you find the ideal bookmaker site for betting on Formula 1. Thankfully, there’s a huge amount of choice out there. Check out our handy guide and expert reviews to discover not just a betting site that can cross the finishing line, but the one that is best suited to you and your betting preferences.
❓How can I bet on F1?
There’s a wide variety of different betting markets when it comes to Formula 1 events. Of course, race winner is the simplest and most popular, but there’s so many other ways to wager, across both pre-match and in-play options. The best bookmaker sites should offer both variety and quality odds. Read our guide to F1 betting to learn more.
🏅Can you bet on F1 live?
When it comes to betting on Formula 1 events, it’s all about the high-octane and fast-paced performance on the tracks. That means many people prefer to wager live, to add that extra level of excitement and intrigue to their betting. However, live betting can be a technical strain on bookmaker sites and only the best can deliver in terms of smooth graphics and fast updating stats and odds. This is one key area we check in all our bookmaker reviews, so you can rest assured you won’t miss a second of the action.