Best F1 Betting Sites for Ontario Bettors in 2024

Are you an Ontario bettor eagerly anticipating the upcoming F1 season in 2024? This expert guide will help you navigate the best F1 betting sites available, offering you a chance to experience the thrill of the races from a whole new perspective.

With icons like Lewis Hamilton and Max Verstappen commanding the track and legendary brands like Mercedes and Ferrari pushing the boundaries, the allure of F1 has never been stronger. Couple this with the legalization of sports betting in Ontario, and the stage is set for an exhilarating 2024 Formula 1 season.

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BetMGM Sports
4.6 Rating
  • Live streaming
  • Huge variety of bets
  • Easy site navigation
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  • Major sporting events
  • Odds on small sports
  • Huge variety of bets
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  • Cashout
  • 24/7 Support
  • Live Bets
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  • Large selection of bets & odds
  • Fast payouts
  • Impressive range of bets
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  • Great odds
  • Huge variety of bets
  • Cashout
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  • Huge variety of bets
  • Some of the best odds
  • Esports
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Unibet Sports
4.7 Rating
  • Great odds
  • Live Bets
  • Fast payouts
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Top Rated F1 Betting Sites in Ontario

Finding the perfect platform for Formula 1 betting in Ontario can feel like navigating a high-speed circuit. With countless options, discerning the best from the rest requires a keen eye for detail.

Fear not, as I’ve streamlined the process by handpicking the seven top-tier F1 betting sites that excel in every aspect.

1️⃣ BetMGM Sports

BetMGM takes the checkered flag as the premier F1 betting destination in Ontario.

Offering competitive F1 odds and a top-rated mobile app, it’s a podium contender for Formula 1 fans.

I’ve seen firsthand how it elevates the betting game with its extensive selection of markets and cutting-edge live betting options, allowing fans to engage with the sport like never before.

βœ… Competitive F1 odds and a wide variety of F1 markets

βœ… Top-rated mobile app for seamless betting

βœ… Innovative live betting feature for in-race excitement

βœ… Comprehensive coverage of F1 events, including pole positions and fastest laps

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BetMGM Sports

4.6 Rating

Competitive F1 Odds, Top-Rated Mobile App, Live Betting

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2️⃣ BetVictor Sports

BetVictor revs up as one of Canada’s top F1 sports betting platforms.

With live-streaming of F1 races and unique features like Trending Bets, BetVictor offers an immersive experience for motorsport fans.

After betting on F1 with BetVictor, I identified this sportsbook’s stand-out features, including its customizable betting options and comprehensive coverage of F1 events, making every race a thrilling experience.

βœ… Live-streaming of F1 races for real-time action

βœ… Unique Trending Bets feature for popular wagers

βœ… Customizable betting options for a personalized experience

βœ… Comprehensive coverage of F1 events with in-play betting

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BetVictor Sports

4.7 Rating

F1 Live Streaming, Trending Bets, Custom Bets

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3️⃣ LeoVegas Sports

LeoVegas accelerates ahead with its extensive F1 betting options and highly competitive odds.

As a leader in mobile gaming, LeoVegas offers a seamless app experience and in-game live betting for added excitement.

With a wide range of F1 bets and a reputation for the best odds, LeoVegas has become one of my go-to platforms, specifically for mobile betting.

βœ… Extensive F1 betting options for every race

βœ… Highly competitive F1 odds for maximizing winnings

βœ… Seamless app experience with in-game live betting

βœ… Award-winning platform for top-notch mobile experience

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LeoVegas Sports

4.7 Rating

16+ Betting Markets, Top Odds, Ideal for Mobile Betting

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4️⃣ Northstar Bets Sports

Northstar Bets takes the lead with its Canadian-owned and operated platform, catering to local teams and markets.

Personally, I love how much they focus on user-friendly features and their timely sports insights filled with valuable F1 betting tips.

Above all else, Northstar Bets stands out with its live betting interface and exclusive in-app offers.

βœ… Canadian-owned and operated for local appeal

βœ… User-friendly interface with timely sports insights

βœ… Robust live betting interface for in-race action

βœ… In-app offers for added value and excitement

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Northstar Bets Sports

4.7 Rating

F1 Betting Tips, Live F1 Betting Top Odds for Season Bets

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5️⃣ BetRivers Sports

BetRivers ON takes pole position in the competitive field of F1 betting, offering standout odds and a mobile app that scores high on user-friendliness.

Drawing from my extensive background in Formula 1 betting, BetRivers distinguishes itself with features like cash-out options and industry-leading F1 odds, making it a prime pick for any Formula One enthusiast.

The platform’s range of markets and the addition of innovative betting options, such as same-game parlays, amplify the betting experience.

If you’re seeking comprehensive and engaging F1 wagering opportunities, I recommend trying BetRivers.

βœ… Competitive F1 odds and a seamless mobile app for easy betting

βœ… Ability to cash out wagers for added flexibility

βœ… Wide range of F1 betting markets for every race fan

βœ… Innovative features like same-game parlays for customized bets

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BetRivers Sports

4.7 Rating

Accumulator (Acca) Bets, Same-Game Parlays, Live Bet Cash-Out

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6️⃣ Unibet Sports

Unibet stands out with its focus on live in-game betting and comprehensive coverage of F1 events.

Offering live-streaming options and a treasure trove of statistics, Unibet gave me everything I needed to bet on live races with confidence.

With a user-friendly app and a wide range of payment options, Unibet ensures accessibility and excitement for betting on Formula 1.

βœ… Focus on live in-game betting for real-time action

βœ… Comprehensive coverage of F1 events with live-streaming

βœ… User-friendly app with a wide range of payment options

βœ… In-depth statistics for informed betting decisions

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Unibet Sports

4.7 Rating

F1 Special Bets, In-Play Bets, Live Streaming

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7️⃣ Caesars Sportsbook

Caesars Sportsbook impressed me with its competitive F1 odds and premier loyalty program, Caesars Rewards. With great F1 odds and a wide range of betting markets, it offers excitement on every lap.

But that’s not all – Caesars Sportsbook also boasts a user-friendly interface and innovative features like same-game parlays, which take F1 betting to a whole new level. With such a wide range of betting markets available, you’re sure to experience excitement on every lap.

βœ… Competitive F1 odds and premier loyalty program for added benefits

βœ… Frequent odds boosts for increased winnings

βœ… Wide range of betting markets for diverse options

βœ… User-friendly interface and innovative features for enhanced betting experiences

Best Formula 1 Betting Apps in Ontario

In the fast-paced world of Formula 1 betting, having a dedicated mobile betting app can make all the difference between staying ahead of the pack or lagging behind.

With the ability to capitalize on momentum mid-race right from my phone, I have personally won countless bets thanks to mobile betting apps.

Here are the top three F1 betting apps in Ontario to help you get started!

BetMGM Sports Betting App

BetMGM takes the top spot with its renowned mobile app, offering a seamless experience for betting on Formula 1.

With competitive F1 odds, a wide variety of markets, and innovative features like live betting, BetMGM ensures adrenaline-fueled action on every lap.

The app’s user-friendly interface and comprehensive coverage of events make it a standout choice for F1 betting in Ontario.

BetMGM Android App Live Bets

LeoVegas Sports Betting App

LeoVegas is a champion in mobile gaming that delivers an unparalleled F1 betting adventure.

With its acclaimed app, LeoVegas puts extensive betting options and top-notch odds at your fingertips. K

nown for its user-friendly design and superior F1 odds, LeoVegas offers a high-octane betting experience that’s hard to beat. Join LeoVegas and take your F1 betting to the next level in Ontario.

LeoVegas App Safe Betting

Unibet Sports Betting App

Unibet stands out with its dedicated focus on live in-game betting and comprehensive coverage of F1 events on its mobile app.

Offering live-streaming options and a wealth of statistics, Unibet ensures that F1 fans have all the tools they need for informed betting decisions.

With its easy-to-use interface and wide range of payment options, Unibet provides accessibility and excitement for Formula 1 betting in Ontario.

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F1 Expert's Pick: What's The Best F1 Betting Site in Ontario?

Jim Kimberley Formula 1 Expert Analyst

Jim Kimberley

6 Articles

After thorough exploration and firsthand experience, there’s one sportsbook that stands out above the rest: BetMGM.

With its unparalleled combination of competitive F1 odds, user-friendly website and mobile app, and extensive range of F1 betting markets, BetMGM offers the ultimate F1 betting experience.

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Getting Started with F1 Betting in 6 Easy Steps

My lineup of top-tier F1 betting sites delivers lightning-fast registration and betting, putting you in the driver’s seat in minutes.

Just follow these six simple steps to hit the track in no time!

1. Find a Sportsbook

Using my curated list of the best F1 betting sites above, narrow down a sportsbook that caters to your specific preferences. Remember to look for platforms with a strong reputation, competitive F1 odds, and a user-friendly interface.

2. Sign Up with the Platform

Once you’ve chosen a sportsbook, navigate to their website or download their mobile app and follow the registration process. This typically involves providing personal information such as your name, email address, and sometimes proof of identity for verification purposes.

3. Deposit Funds Into Your Account

After creating your account, it’s time to fund it. Most sportsbooks offer various deposit options, including credit/debit cards like Visa and Mastercard, e-wallets like PayPal or Skrill, bank transfers, and Interac. Choose the method that suits you best and follow the prompts to make your deposit.

4. Explore Available Markets

Once your account is funded, navigate to the motorsports section or search specifically for Formula 1 races. You’ll typically find options to bet on race winners, podium finishes, pole positions, fastest laps, and more.

5. Place Your Bets

After selecting your desired market, enter the amount you wish to wager and place your bet. The bet slip will automatically calculate your potential winnings based on the odds provided. Double-check everything and confirm the bet.

6. Cash Out Your Winnings

Now, you can monitor the F1 race’s progress. If your bet wins, you can head to the withdrawal section, choose your preferred payment method, and follow the prompts to cash out your winnings. Be aware of any withdrawal fees, processing times, and minimum withdrawal amounts.

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Our Ranking Factors: How We Rate F1 Betting Sites

We here at Gamble Ontario don’t rely on whims or guesswork when selecting top contenders for betting on Formula 1 in Canada.

Our process for ranking F1 betting sites is a meticulously crafted formula designed to ensure that only the best of the best make it to the winner’s podium.

βœ… Fair Terms of Use, Licence & Security

We believe that fair terms of use, proper licensing, and robust security measures are essential for reputable sportsbook sites. Transparent policies build trust, licensing indicates compliance and security measures protect users’ data. These factors are the backbone of our ranking criteria, ensuring our users make informed decisions.

βœ… Mobile App

We assess the quality of a sportsbook’s mobile app, taking into account its design, functionality, and user-friendliness. A well-designed mobile app can significantly enhance the overall betting experience, allowing you to place bets quickly and easily from your smartphone or tablet.

βœ… Customer Support 24/7

We evaluate the quality and responsiveness of a sportsbook’s customer support, as access to 24/7 support ensures you receive assistance whenever you need it. A knowledgeable and friendly support team can help address bettors’ questions promptly, leading to a more satisfying experience for users.

βœ… Banking Options That Pay Out Fast

We consider the variety and speed of a sportsbook’s banking options, as fast payouts demonstrate the sportsbook’s commitment to convenience and satisfaction. Offering a range of banking options, such as credit/debit cards, e-wallets, and bank transfers, ensures that you can easily deposit and withdraw funds from your accounts.

βœ… Competitive F1 Odds

We evaluate the sportsbook’s odds for betting on Formula 1 races, as better odds offer bettors greater potential returns on their wagers. Consistently offering competitive odds demonstrates the F1 betting site’s commitment to providing the best value for its users.

βœ… Variety of F1 Betting Markets

We assess the diversity of a sportsbook’s F1 betting markets, as offering a wide range of options enhances bettor engagement and entertainment value. In addition to traditional race outcomes, popular F1 betting markets include pole position, fastest lap, and head-to-head matchups between drivers.

Our expertise and consistency in evaluating F1 sportsbooks based on these ranking factors ensure that our reviews provide users with a comprehensive and unbiased assessment of the best sports betting sites for F1.

How to Bet On F1? – Tips for Winning F1 Bets

Just like betting on other sports, knowing about Formula 1 will make your betting experience better.

If you understand a pit stop strategy, the circuits that usually feature crashes or a safety car appearance, and the drivers who have done well in certain countries, you’ll maximize your betting outcome.

Even a little amount of knowledge can be a major bonus for a bettor.

βœ… Know Formula 1 Rules

Some people incorrectly think that all racing is just cars going around in circles.

If you truly understand the sport, then you’ll know Formula 1 racing couldn’t be further from the truth, with complex strategies and rules at play.

Knowing a thing or two about these rules can help, especially in any in-race betting.

For example, each driver must complete the race on at least two different tire ‘compounds’ in a dry Grand Prix. Also, a system to aid overtaking called DRS exists and is allowed on some sections of the track.

Some circuits have more or longer DRS zones than others, which means overtaking might be easier in some races.

βœ… Read the Odds

Checking the odds is a surefire way to understand the likelihood of any result when placing your stake.

If you see that a driver’s odds are sitting at 50 or above to win a particular bet, there’s probably a good reason for that.

As with all sports, unpredictability is part of the appeal, and anyone can win, but oftentimes long odds are set for a reason.

βœ… Research Drivers and Teams

Betting on any particular driver or team should come with a degree of knowledge.

If you check previous seasons, you’ll find some drivers often do better at a certain race, or teams tend to perform better than usual due to various factors such as familiarity with the track, home advantage or personal motivation.

For instance, Red Bull may put in extra effort when racing in Austria, their home country.

Similarly, Lewis Hamilton has a good track record at the British and Hungarian Grands Prix, having won both races eight times in the past.

βœ… Analyse Track Conditions

One of the most significant parts of Formula 1 racing is the weather and the changes to the track conditions that come with rain.

If rain is forecast to fall during a race or qualifying, drivers with slower cars have a higher chance of excelling, and frontrunners might fall back.

Often called the great leveller, a lot can change in a race with backmarkers joining the company of the championship leaders.

Spins and crashes are more likely if wet and slippery conditions are to affect the local area around a race track.

βœ… Understanding the Different Races

Formula 1 isn’t like NASCAR, where the winner of the Daytona 500 can be decided in the final moments of an event at the last corner.

If you regularly stream the sport then you’ll know some races are notorious for limited overtaking possibilities, meaning the driver starting on pole position will be the easy favourite to win β€” assuming he finishes the race!

With close-by walls and tight, twisty layouts, many street circuits, like Monaco, Singapore, and Miami, tend to handicap drivers starting further back.

On the opposite end are flowing circuits like Mexico City, Britain’s Silverstone, and the Circuit of the Americas in Texas, where overtaking is easier, a winner might come from further down the starting order.

βœ… Keep Up to Date

As with any sport or game, fans who find out as much information as possible about an event will be at an advantage.

If you want to have the best advantage when betting, checking your TV schedule for the news, watching teams’ and drivers’ social media content, and reading an article previewing a race will help you find some stats when wagering that allows you to make an informed bet.

βœ… Check Who Qualified Well

Over 40% of Formula 1 races had the winner starting from the pole position.

If you want to place a bet after the starting order is set, any driver who excels in qualifying will likely bring that same speed to the race.

Remember, no two races are the same, else the sport wouldn’t sell any tickets!

βœ… Lookout for Penalties

A driver might enter a Grand Prix weekend with a penalty from a previous race or a place demotion after a qualifying session.

If a typically high-performing driver starts the race farther back than usual, they may face difficulty reaching the top positions.

βœ… Tire Advantages

The only parts of a Formula 1 car that touch the ground are the tires.

If you know which teams perform better on certain tire compounds or are aware of the track surface being particularly grippy or overly slippery, you can find advantages when betting.

The grip of the Pirelli tires’ rubber varies with its construction. Every race sees three of five types of ‘compounds’ available for each race, called hard, medium, and soft tires. Pirelli and Formula 1 release this information well ahead of the Grand Prix weekend.

What Formula 1 Bets Can I Place?

As with other sports, Formula 1 lets you bet on far more than who the winner of an event is.

If you bet online, you can maximize your payout without increasing your stake. Here are some of the best bets in the sport.

β˜‘οΈ Driver Matchups

You simply must choose which of two F1 drivers will finish a certain Grand Prix in a higher position.

If your pick beats the other driver, you win the Driver Matchups wager.

β˜‘οΈ To-Win Bets/Race winner

Go for glory by backing the driver you think is set for victory.

If you correctly bet on which of the 20 racers will win the Grand Prix, your bet also wins.

Choosing an underdog will net you the biggest payout, while the prize for backing the odds-on favourite will be lower.

Over 60% of Formula 1 bets are placed on the winning driver.

β˜‘οΈ Podium/Top-three Finish

A top-three finish in Formula One means the driver will stand on the podium after the race.

If you pick a driver who wins a top-three trophy after the race, you win the bet.

Placing money on a driver to clinch a podium is a popular bet for all customers, as there are three drivers with a chance to reach the podium in each race, not just one.

Over 90% of Formula 1 bets are placed on the top three drivers.

πŸ’¨ Prop Bets

These are bets which aren’t necessarily tied to the outcome of a race but whether a specific event will or will not happen.

Props include things like will a safety car feature in the race or on which lap will a driver make their first pit stop.

You may spot some Futures Prop Bets, too, letting you choose how many points or wins a driver or team might score over a season.

πŸ’¨ Pole Position

Betting on which driver will claim pole position for a race means you can win before a single lap of the race begins.

Make your choice for the driver to be the fastest in Qualifying, where the starting order for the race is decided.

Over 5% of Formula 1 bets are placed in pole position.

πŸ’¨ Future Bets

Futures Formula 1 betting is a way to gamble on the long-term outcome of the sport’s two championships.

The drivers compete in the World Drivers’ Championship, while the teams compete in the World Constructors’ Championship.

Whichever driver or team scores the highest over the season wins the championship title. Futures betting lets you wager on the outcome of each.

β˜‘οΈ Dual Forecast

Why back one driver when you can back two?

If both of your selections finish in first and second place, you win the bet.

A dual forecast requires a bettor to select any pair of the 20 drivers to finish in the top two places when the race is over.

πŸ’¨ Fastest qualifier

F1 drivers can find themselves demoted after Qualifying for technical penalties, for example, using too many engine components over the season.

It’s possible the driver who nets the fastest qualifying lap won’t start the race with their car at the front of the grid.

Betting on the fastest qualifier negates that risk, and the driver who sets the fastest time in the final qualifying session will count, which may differ from the driver on pole position.

πŸ’¨ Not to finish

No matter how strong a driver is or how reliable the team they drive for usually is, crashes and mechanical issues affect every F1 competitor.

No matter the details of the type of retirement they suffer, you can place a bet on any driver not to finish the race.

Be aware that the rules state that a driver must complete at least 90% of the racing laps (rounded down) for F1 to classify them as a finisher.

Note that a retirement late in the race will still count that driver as finishing the Grand Prix, even if they don’t reach the finish line.

πŸ’¨ Drivers’ Championship winner

The ultimate prize for every motorsport driver is to be the F1 World Champion.

Bet on who you think will top the championship standings when the season is over.

As the year progresses, you will find a range of odds in the market, and the title fight ebbs and flows.

πŸ’¨ Constructors’ Championship Winner

Correctly predict the best-performing team over the year to win a bet on the Constructors’ Championship.

Every constructor (AKA team) has two cars that hit the circuit at each Grand Prix.

You must pick which constructor will amass the most points from both of their drivers over the season.

Although the winners of the Drivers’ and Constructors’ Championship often go hand in hand, there are some notable years when this does not happen.

In 2021, for example, Red Bull’s Max Verstappen won the drivers’ crown while Mercedes took the team’s title.

πŸ’¨ Winning Nationality

Formula 1 is an international sport, with drivers hailing from across the globe.

Bet on the nationality of the race winner to win this wager.

πŸ’¨ Winning Team

Ten teams contest Formula 1, each running two drivers at all events.

Betting on the winning team gives you the chance to pick the team you believe will win rather than the driver.

Should either of a team’s two drivers win the race, the bet is won, too.

Over 25% of Formula 1 bets are placed on the winning team.

Formula One Pit Stop

What Are F1 Season Bets?

F1 season bets are wagers placed on the outcome of the entire Formula 1 season rather than just a single race.

If you’re looking for some common types of F1 season bets, here are what you’ll encounter at most bookmakers:

β˜‘οΈ Constructors’ Championship Winner

This is a F1 type of bet on which team will win the World Constructors’ Championship at the end of the season.

When betting on the Constructors’ Championship in Formula 1, spend some time looking at the performance of the teams in the past and their current rankings, as well as their drivers.

Teams such as Mercedes, Red Bull, and Ferrari tend to be the most successful, though in recent years some other teams like McLaren and Aston Martin have made impressive showings.

When betting, you can make a wager on a specific team to win the championship or you can bet on the team to reach a certain spot in the championship (e.g. top three).

You can make bets on the performance of individual drivers within a team. However, this does not affect the results of the Constructors’ Championship directly.

β˜‘οΈ Drivers’ Championship Winner

This is a bet on which driver will win the championship at the end of the season.

When betting on the Drivers’ Championship, consider a driver’s prior history and their current form, as well as the quality of their car.

Consider established drivers such as Lewis Hamilton, Max Verstappen, and Charles Leclerc, as well as the team they race for.

You can bet on which driver will win the championship, or who will finish highest when excluding the top driver in seasons when there is a runaway leader.

β˜‘οΈ Best Finishing Position (Second Market for Drivers)

This is a type of wagering market that gives you the opportunity to wager on which racer will place at the highest point in a particular competition.

For example, if Lewis Hamilton is expected to win the race, but you feel that Max Verstappen has a solid chance of finishing second, you can put a bet on Verstappen to have the best standing among all the other competitors in the race apart from Hamilton.

In this kind of bet, it does not matter which position the driver will finish in, as long as it is higher than all the other racers besides the competition victor.

For instance, if Verstappen ends up in second place and no other contender surpasses him apart from Hamilton, then you would win the bet.

β˜‘οΈ To Win The Constructors’ Championship (Second Market for Drivers)

This is a type of F1 wager in which one can place a bet on which team will have tallied the most points from the performances of their two drivers throughout the season in the Constructors Championship.

This involves forecasting which driver will deliver the most points for their team in the Constructors Championship.

For example, if you have a feeling Valtteri Bottas could score more points than Lewis Hamilton for Mercedes over the course of the season, you could bet on Bottas to be the driver who contributes the most points to Mercedes’ total points for the Constructors Championship.

Read The Latest Expert Guides on Formula 1 Betting

Who Are the Top F1 Drivers to Bet On in 2024?

Every Grand Prix will see 20 racers fight for victory. If you’ve watched other sports like football, tennis, or UFC, you’ll know it’s often the same elite people who end up with the winner’s trophy.

F1 is no different, so if you’re looking to bet on a winner, my selection below represents the drivers who have demonstrated a winning pedigree.

Max Verstappen

The reigning world champion swept his competition away over the last two seasons, finishing as either the winner or runner-up in 21 of 2023’s 22 races.

If you backed Verstappen in 2022 and 2023, you’ll probably have an easy bet for 2024 β€” just make sure your payment methods are up-to-date!

It’s no surprise that every bookmaker features Max Verstappen as a favourite for the 2024 F1 World Drivers’ Championship.

Any winnings from the Red Bull racer may be less than the cash on offer from his rivals, but that’s for a good reason.

Lewis Hamilton

Without question, one of the most decorated drivers in the history books.

If you’re one to back the history books, Lewis Hamilton has countless F1 records.

After suffering his first winless years in a long Formula 1 career in 2022, something that repeated in 2023, Hamilton will be looking to make a point in 2024.

It would be foolish and premature to suggest the seven-time champion lost his form or his performance has dipped after a period of Verstappen domination. The English racer will work hard to return to winning ways.

Charles Leclerc

Ferrari’s golden child showed he’s still a force to be reckoned with in 2023, taking the second-highest pole position tally of the year.

If Charles Leclerc becomes a championship contender in 2024 and takes the crown, he’ll become Ferrari’s first world champion since 2007.

He’ll send the entire country of Italy into rapture should he achieve what F1 legends Fernando Alonso and Sebastian Vettel didn’t do and win the title while wearing Ferrari red.

Sergio Perez

No one could’ve predicted that the Mexican racer would be a regular winning option a few years ago when he only occupied space in the midfield.

If there’s any person whose career has turned around in Formula 1, it’s Sergio Perez.

Since switching to Red Bull in 2021, Sergio Perez regularly features at the front.

While teammate Max Verstappen often benefits most from the team’s speed, Perez is also always racing towards the front.

George Russell

Despite not boasting the same illustrious career as teammate Hamilton, George Russell’s career-first victory at the Brazilian Grand Prix means he’s Mercedes’ most recent F1 race winner.

If you believe the old guard must make way for the new, then Russell is the heir apparent for Mercedes.

The manufacturer from Germany boasts two British drivers with a winning pedigree in 2024, and they could score a decent haul of victories if their car design matches their drivers’ potency.

Other Top F1 Drivers

Anything and everything can happen in Formula 1, and even a driver at the back could defy the odds and win.

Carlos Sainz was the only non-Red Bull driver to win in 2023, and he has it all to play for in 2024 with Ferrari.

McLaren’s Lando Norris just needs to get his first F1 win to match his esports and gaming triumphs.

Similarly, the other driver at McLaren, Norris’ teammate Oscar Piastri shone in his rookie year last season.

Elsewhere, the likes of Aston Martin’s Fernando Alonso, Alfa Romeo’s (now Stake F1 Team Kick Sauber) Valtteri Bottas, and the Alpine duo of Esteban Ocon and Pierre Gasly have all tasted the winner’s champagne, too.

They’ll be outside bets for wins in the 2024 F1 season, but any bettor looking to back them with wagers this season will find them in a sportsbook’s offers or Driver Matchup bets.

Which Are The Top F1 Teams?

Many Formula 1 teams go through periods of success and relative disappointment.

If you’ve watched F1 for many years, you’ll know Williams and McLaren were top picks in the past, while Red Bull, Mercedes, and Ferrari have become the ‘big-three’ teams in recent years.

Elsewhere, others took world titles under a different name, such as Alpine, which previously went by Renault.

At the start of the 2024 Formula 1 season, the most successful F1 teams from the 2023 grid are:

  • Ferrari (16 World Constructors’ Championships, 1074 races, 242 wins)
  • Williams (9 World Constructors’ Championships, 802 races, 114 wins)
  • McLaren (8 World Constructors’ Championships, 946 races, 183 wins)
  • Mercedes (8 World Constructors’ Championships, 293 races, 125 wins)
  • Red Bull Racing (6 World Constructors’ Championships, 369 races, 113 wins)
  • Alpine/Renault (2 World Constructors’ Championships, 466 races, 36 wins)

The other four teams may not boast any championship titles, but they still add value to the sport and account for wins or success of their own.

As with Alpine, AlphaTauri previously went by a different name; Toro Rosso. Meanwhile, Sauber raced under other names in the past, such as Alfa Romeo and BMW, but will become Stake F1 Team Kick Sauber in 2024 before becoming Audi in 2026:

  • AlphaTauri/Toro Rosso (351 races, 2 wins, 5 podiums, 1 pole position)
  • Sauber (465 races, 1 win, 27 podiums, 1 pole positions)
  • Haas (166 races, 0 wins, 0 podiums, 1 pole position)
  • Aston Martin (72 races, 0 wins, 9 podium, 0 pole position)
Formula One Racer with Helmet

F1 Schedule in 2024 – Grand Prix Calendar

A record-breaking number of races will feature in Formula 1 in 2024, with 24 rounds facing the drivers. The championship kicks off in March and ends in December, visiting tracks all around the world, offering you plenty of chances to spot the best race odds.

Round 1: Bahrain Grand Prix. Sakhir, Bahrain. 2 March

Round 2: Saudi Arabian Grand Prix. Jeddah, Saudi Arabia. 9 March

Round 3: Australian Grand Prix. Melbourne, Australia. 24 March

Round 4: Japanese Grand Prix. Suzuka, Japan. 7 April

Round 5: Chinese Grand Prix. Shanghai, China. 21 April

Round 6: Miami Grand Prix. Miami, United States. 5 May

Round 7: Emilia Romagna Grand Prix. Imola, Italy. 19 May

Round 8: Monaco Grand Prix. Monte Carlo, Monaco. 26 May

Round 9: Canadian Grand Prix. Montreal, Canada. 9 June

Round 10: Spanish Grand Prix. Barcelona, Spain. 23 June

Round 11: Austrian Grand Prix. Spielberg, Austria. 30 June

Round 12: British Grand Prix. Silverstone, United Kingdom. 7 July

Round 13: Hungarian Grand Prix. Budapest, Hungary. 21 July

Round 14: Belgian Grand Prix. Stavelot, Belgium. 28 July

Round 15: Dutch Grand Prix. Zandvoort, Netherlands. 25 August

Round 16: Italian Grand Prix. Monza, Italy. 1 September

Round 17: Azerbaijan Grand Prix. Baku, Azerbaijan. 15 September

Round 18: Singapore Grand Prix. Singapore, Singapore. 22 September

Round 19: United States Grand Prix. Austin, United States. 20 October

Round 20: Mexico City Grand Prix. Mexico City, Mexico. 27 October

Round 21: SΓ£o Paulo Grand Prix. SΓ£o Paulo, Brazil. 3 November

Round 22: Las Vegas Grand Prix. Las Vegas, United States. 23 November

Round 23: Qatar Grand Prix. Lusail, Qatar. 1 December

Round 24: Abu Dhabi Grand Prix. Abu Dhabi, United Arab Emirates. 8 December

Formula 1 Facts Every Bettor Needs to Know

Formula 1 is the pinnacle of motorsport, with the fastest cars and the best drivers coming together to race around the world. Every year, 20 drivers and 10 teams compete on an ever-expanding schedule of international venues looking to be crowned World Champion.

If you have never watched then you’re missing out! There aren’t many sports that have rocketed into the mainstream over recent years more than Formula 1.

Despite its first race being held way back in 1950, the sport previously boasted a passionate but slightly niche following. Today, many long-term F1 fans are still coming to terms with its newfound popularity.

New owners bought the Formula 1 brand in 2017, and this change in ownership came with far more than a new logo. The marketing team at Formula 1 allowed Netflix to record what became a runaway docuseries, ‘Drive to Survive,’’ which breathed new life and generated a whole new fandom.

Formula 1 sells out grandstands all over the world, but there’s an easier way to learn everything you need to know about the sport.

Here are some of my favourite Formula 1 facts:

βœ”οΈ A modified Formula 1 car reached 397.3 km/h, or 246.9 mph, in 2005 when attempting a speed record at the Bonneville Salt Flats in Utah, USA.

βœ”οΈ Lewis Hamilton holds the fastest Qualifying lap when he took pole position for the 2020 Italian Grand Prix, averaging 264.362 km/h around the circuit.

βœ”οΈ Since the first race in 1950, the sport has travelled to 34 countries and held over 1100 races.

βœ”οΈ Despite the recent popularity in the USA, F1 has long held a tight link to America. The American states of California, Texas, Florida, Indiana, Arizona, Nevada, Michigan, and New York all have hosted a Grand Prix. A New Jersey race was even floated with a Manhattan skyline backdrop but ultimately never materialized.

βœ”οΈ McLaren completed the fastest F1 pit stop in history in just 1.80 seconds at the 2023 Qatar Grand Prix, when they changed all four tires of Lando Norris’ car in under two seconds.

βœ”οΈ As of the start of the 2024 F1 season, Lewis Hamilton holds the record for the most wins (103) and most pole positions (104).

βœ”οΈ Max Verstappen‘s championship-winning 2023 season saw him take the highest percentage of victories in a year, with his 19 triumphs in 22 races representing an 86.36% win rate.

βœ”οΈ F1 cars run the full race on a single tank of fuel after the rules prohibited refuelling in 2010 to reduce costs and improve safety.

βœ”οΈ Although never tested in reality, the incredible aerodynamic performance of F1 cars means that they can drive upside down from the generated downforce levels.

βœ”οΈ The highest-attended three-day F1 Grand Prix weekend is the 2023 British Grand Prix, with 480,000 fans enjoying the sport from Friday to Sunday. An impressive 160,000 fans watched the race itself.

How to Bet on The F1 Responsibly

If you’re a Formula 1 fan, you know that the thrill of the race can be almost as exciting as betting on the outcome. But as with any form of gambling, it’s important to keep things under control and gamble responsibly.

Fortunately, there are plenty of tools and resources available to help you stay on top of your game.

First and foremost, reputable F1 betting sites in Canada prioritize responsible gambling, offering features like deposit and wagering limits, time limits, and self-exclusion tools. These tools allow you to set boundaries and stay in control of your betting habits so you can enjoy the excitement of the race without going overboard.

But it’s not just up to the betting sites to promote responsible gambling. Organizations like PlaySmart and ConnexOntario provide valuable resources and support for individuals who want to bet responsibly.

PlaySmart’s self-exclusion programs allow you to voluntarily exclude yourself from gambling activities, while ConnexOntario offers educational resources and connections to trained professionals who can offer guidance and assistance.

So, if you’re ready to bet on the F1, remember to keep things in check and use the resources available to help you gamble responsibly.

With the right tools and support, you can enjoy the race and stay in control of your betting habits.

❓ FAQs About F1 Betting

Yes, you can bet on Formula 1. Many Ontario sportsbooks offer a wide range of betting markets for F1 races, including race winners, pole positions, fastest laps, and more.

Several sites offer F1 betting in Canada, but some of the best options include BetMGM, BetVictor, LeoVegas, Northstar Bets, BetRivers, Unibet, and Caesars Sportsbook.

Yes, many Ontario sportsbooks offer live betting on Formula 1 races. This allows bettors to place bets during the race as events unfold, such as overtakes and pit strategies.

The best betting app for Formula 1 depends on personal preferences, but popular options include BetMGM, LeoVegas, and Unibet, which are known for their user-friendly interfaces and extensive F1 betting markets.

To place a Formula 1 bet, first, choose a reputable sportsbook that offers F1 betting markets. Then, navigate to the F1 section, select the race or market you want to bet on, enter your stake, and confirm your bet.

The fastest qualifier bet in Formula 1 is a wager on which driver will secure pole position and attain the fastest lap time during the qualifying session. This bet adds an extra layer of excitement to F1 betting by focusing on the speed and skill of individual drivers during qualifying sessions.

Much in the same way that the bookmakers set the odds for the Kentucky Derby or the Super Bowl. A bookmaker sets the odds by extensively checking on the performance of recent events, which teams are reliable or are likely to have an advantage at a particular venue, and how an individual driver’s form has been over the season. Although each bookmaker is a company with a business strategy to make a profit, they also want punters to have a good time. As such, many sportsbooks will often present competitive odds for certain drivers and a variety of bet types.

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Motorsport Betting Expert with 11+ Years of Experience
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Formula 1 Journalist & Writer

Jim Kimberley

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Jim is a freelance motorsport journalist, editor, and podcaster. He's a content creator specializing in motorsport with 11+ years of experience across technical and creative positions. Jim has an impressive track record of writing race reviews and opinion pieces for Formula One. He's particularly proud of interviewing personalities from the motorsport industry.

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