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Formula 1 is one of the top sports in the world. This means that it is also one of the most gambled-on sports. You’re probably here because you’re looking to sink your teeth into some of the best Formula 1 betting sites in the world. We’re going to help.
We’ve reviewed dozens and dozens of sites that offer Formula 1 betting. Below, we not only share our list of the best Formula 1 betting sites in Canada (and sometimes beyond), but we’re also going to let you know how we ranked them. This way, you can go out and hunt down your own Formula 1 betting websites, if you really want to.
We have a lot to cover, so we’re just going to dive right in!
How we ranked the best Formula 1 betting sites of 2023
Many of us love a bet or two. Not just on Formula 1, but we dabble in a wide range of different sports. While we gamble at multiple different sites, and we highly recommend that you do too if you want to take advantage of the best gambling odds, we do a lot of research before we decide whether a platform is the right one for us. Below, we share the criteria that we use to rank Formula 1 betting sites, although these criteria can be used to rank any betting site that you gamble at in Ontario:
Site licensing
Firstly, you need to confirm that the site is licensed to operate where you are. Every single site that we list on this page has been accesed by us. These online sportsbooks are fully licensed to operate within Canada, although not in every province, and you can be sure that they are going to live up to the rigorous requirements that the government requires of them. Basically, you’re safe gambling there.
In recent years, we’ve seen a lot of unlicensed online sportsbooks, often targeting people who may only dabble here and there, or are into games like F1 Manager 2023. No matter how tempting any bonus offer they have is, and no matter how great the betting odds are, it absolutely isn’t worth your time if the casino does not have a license.
Brand reputation – Check customer reviews
While we do our own research into any online bookmaker we use, we do try and see what other people are saying about an online sportsbook. There are some issues that may never be apparent to us because those issues simply haven’t occurred during our testing. Several times in the past, we thought we had found some amazing online sportsbook, only to discover that there were countless negative reviews about the lack of customer support or another issue.
Formula 1 bets available
One of the major advantages of Formula 1 being one of the top sports in the world is the fact that almost every single sports betting website offers some sort of F1 betting. So, you will never struggle to find a website that lets you bet on something like the winner of the race. However, you will sometimes struggle to find a platform that lets you make prop bets.
Whenever we are ranking websites, we always look at the breadth of Formula 1 bets available. For example – can you bet on who will have the fastest lap? Which drivers will finish the race? When will a driver make their first pit stop? As any gambler will know — the real money in sports betting comes from accurately predicting things like this, not who will be winning the race.
We highly recommend that you look for online sportsbooks that have live Formula 1 betting available. This way, you can gamble on the race while watching it on your TV!
Betting odds
Firstly, there is no such thing as an online bookmaker that has the best odds all the time. However, they can have good odds most of the time.
When we are looking at new places to gamble, we always compare their odds against sites that we are currently using. If they are slightly better, or roughly the same, we tend to rank that site quite highly.
Banking options
This part is simple — you want a website that has multiple withdrawal and deposit options. This will make it easier to get cash in and out of your account. Most of this is pretty standardized in Canada, so you won’t find that much difference in banking options between sportsbooks, although some places may offer crypto deposits.
We’ll rank websites that offer faster withdrawals higher than websites that don’t.
Customer support
We will choose sportsbooks that make it easy to reach out to customer support. Our rankings place a huge focus on live customer support. Live customer support ensures that any issues that you have are sorted out quickly. This isn’t to say that email support isn’t good. It is. We just like our problems dealt with fast.
Mobile gambling
We try to avoid all websites that do not have a mobile gambling option. We require either a mobile site or a mobile app. Even if you do not plan to use the mobile gambling features, it is always nice to know that a platform offers mobile gambling as it shows they are heavily invested in their business.
Betting promotions
Finally, we have a look at the betting promotions offered, particularly if there are any dedicated Formula 1 betting promotions. We look for betting promotions such as boosted odds, matched deposits, reload bonuses and insurance bets.
Our top choices for the best Formula 1 betting sites in 2023
There you have it, you now know how we have ranked the best Formula 1 betting sites. This leaves us with one more thing to do. We want to share with you our top choices for the best Formula 1 betting sites in 2023. Check out any one of these websites, and we guarantee that you are in for a fun experience.
BetMGM Sports
BetMGM is one of the top online sportsbooks in the world. If you’re planning on gambling on F1 in 2023, then you probably won’t find a better platform. This is a site that offers plenty of prop bets, futures and more. You’ll be able to take advantage of numerous banking options, great promotions (including enhanced odds during big races) and live streaming for non-F1 sports.
BetVictor Sports
BetVictor is one of our favorite websites for betting odds. Most of the time, you’ll find that BetVictor has the best F1 betting odds around, particularly when it comes to race winners or place bets. If they aren’t the best, they are close enough to the best odds that you won’t mind too much. You can enjoy tons of great bets here, and regular promotions.
Royal Panda Sports
Royal Panda Sports is one of the smallest of the top F1 betting websites, but it is one of our favorites when it comes to live betting. Whether you are using their website on your computer or on your mobile device, you can look forward to one of the smoothest live betting experiences.
Unibet Sports
Unibet Sports is part of one of the largest gambling companies on the planet. When you gamble here, you’ll enjoy playing at a reputable website with some fantastic customer support. You’ll also find plenty of bets for F1 races, almost all at competitive betting odds.
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