Best F1 Betting Sites for Ontario Bettors in 2024

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.

✅ Competitive F1 odds and a wide variety of F1 markets

✅ Top-rated mobile app for seamless betting

✅ Innovative live betting feature for in-race excitement

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

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.

✅ Live-streaming of F1 races for real-time action

✅ Unique Trending Bets feature for popular wagers

✅ Customizable betting options for a personalized experience

✅ Comprehensive coverage of F1 events with in-play betting

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.

✅ Extensive F1 betting options for every race

✅ Highly competitive F1 odds for maximizing winnings

✅ Seamless app experience with in-game live betting

✅ Award-winning platform for top-notch mobile experience

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.

✅ Canadian-owned and operated for local appeal

✅ User-friendly interface with timely sports insights

✅ Robust live betting interface for in-race action

✅ In-app offers for added value and excitement

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.

✅ Competitive F1 odds and a seamless mobile app for easy betting

✅ Ability to cash out wagers for added flexibility

✅ Wide range of F1 betting markets for every race fan

✅ Innovative features like same-game parlays for customized bets

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.

✅ Competitive F1 odds and premier loyalty program for added benefits

✅ Frequent odds boosts for increased winnings

✅ Wide range of betting markets for diverse options

✅ 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.

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.

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.

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.

✅ 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.

✅ 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.

✅ 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.

✅ 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.

✅ 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.

✅ 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.

✅ 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.

✅ 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.

✅ 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.

✅ 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.

✅ 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 — 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.

✅ 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.

✅ 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!

✅ 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.

✅ 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.

☑️ 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.

☑️ 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.

☑️ 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.

💨 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.

💨 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.

💨 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.

☑️ 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.

💨 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.

💨 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.

💨 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.

💨 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.

💨 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.

💨 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.

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:

☑️ 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.

☑️ 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.

☑️ 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.

☑️ 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.