Best Formula 1 Betting Sites in Canada
Best F1 Betting Sites for 2024
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Where to Bet on F1 in Canada
If you are looking for the best platforms for Formula 1 betting in Canada, we have researched and come up with a list of the best choices for you. Below are our top picks offering F1 betting.
20Bet
20Bet gives players an immersive F1 betting experience through various betting markets, competitive odds, and exclusive bonuses. The sportsbook provides various F1 bets, including Race winner, Pole Position, Podium Finish, and more. Bettors also have the opportunity to place Future Bets on the most successful team or driver in a season. Those signing up can take advantage of a 100% bonus of up to C$150 for sports betting.
- Competitive F1 betting odds
- Low wagering requirement
- 24/7 live chat support
- No live streaming
22Bet
22Bet is home to a wide variety of sports betting options, with Formula 1 racing being one of them. Whether you are looking to bet on the race winner, who will make it to the top three, or any other aspect of the race, you can easily find the right betting option on their site. The platform also offers competitive odds, making it an ideal choice for F1 betting enthusiasts in Canada. The online sportsbook offers new users a 100% bonus up to C$180 on their first deposit.
- Numerous payment methods available
- Mobile apps for Android and iOS
- Wide range of markets
- No phone support
Blue Chip
Blue Chip offers bettors a decent number of betting markets on F1 racing, including Top 3, Podium Finish, and Points Finish. Regarding the bonuses offered, the sportsbook welcomes new players with up to C$240 for their first three deposits.
- Solid bonuses
- Mobile apps for Android and iOS
- 24/7 customer service
- Average odds on secondary markets
Formula 1 Current Betting Bonuses and Promotions
If you are a Formula 1 betting enthusiast in Canada looking for the latest betting bonuses and promotions, check out our recommended options below:
| Sportsbook | Minimum Deposit | Minimum Odds | Offer Amount | Bonus |
|---|---|---|---|---|
| 20Bet | C$15 | 2 | C$150 | 100% up to C$150 |
| 22Bet | C$2 | 1.40 | C$180 | 100% up to C$180 |
| Blue Chip | C$20 | 1.01 | C$240 | Free Bet Bonus up to C$240 |
| Snatch Casino | C$30 | 2.5 | C$150 | Up to C$150 in Free Bets |
| Sportaza | C$30 | 1.50 | C$150 | 100% up to C$150 |
Formula 1 Betting Types
Formula 1 racing draws millions of viewers worldwide, with top F1 betting sites offering a wide range of betting markets. Familiarizing yourself with these markets is essential to maximize your betting experience. Below are some of the most popular Formula 1 betting types:
Prop Bets
Formula 1 racing offers numerous prop bets, also referred to as specials. Such markets provide a different dynamic to F1 betting, making races more enjoyable for casual bettors. Here, bettors can place wagers on occurrences like:
- Whether a driver will be able to finish in the top ten
- What country the winning driver will be from
- What engine the winning car will have
- Which driver will end up leading the most laps
- Whether or not the safety car will appear
Formula 1 Drivers and Teams 2023
Below are a list of drivers and teams partaking in the F1 2023 world championship:
| F1 Team | Drivers |
|---|---|
| Oracle Red Bull Racing | Max Verstappen, Sergio Perez |
| Alfa Romeo F1 Team Stake | Zhou Guanyu, Valtteri Bottas |
| Scuderia AlphaTauri | Yuki Tsunoda, Nyck de Vries |
| BWT Alpine F1 Team | Esteban Ocon, Pierre Gasly |
| Aston Martin Aramco Cognizant F1 Team | Lance Stroll, Fernando Alonso |
| Scuderia Ferrari | Carlos Sainz Jr., Charles Leclerc |
| MoneyGram Haas F1 Team | Nico Hülkenberg, Kevin Magnussen |
| McLaren F1 | Lando Norris, Oscar Piastri |
| Mercedes AMG Petronas F1 Team | George Russell, Lewis Hamilton |
| Williams Racing | Logan Sargeant, Alex Albon |
A Word on Formula 1 Race Odds
As is the case with all forms of sports betting, the odds are determined by the likelihood of an outcome occurring. In the case of racing, every driver, in theory, has a chance of winning a race, but in practicality, only a handful have a realistic chance of emerging victorious. Therefore, the odds provided will contain a list of drivers or teams in order of their perceived likelihood to win a race or finish in the top few positions, for example.
When examining odds, you shouldn’t ask yourself who is the most likely to win the race; you should ask yourself what odds provide the most value. For example, you might think driver A is a clear favourite. Still, if you don’t believe you are receiving fair odds, this should be dismissed, as it won’t lend itself to an effective long-term Formula One betting strategy.
F1 Betting Apps & Mobile Bets
Below are the best apps for betting on F1 racing:
20Bet
Established in 2020, 20Bet is an online sportsbook offering pre-match betting options and live odds on numerous sporting events, including football, tennis, basketball, ice hockey, rugby, and of course, Formula 1. What makes 20Bet all the more impressive overall is that most events feature over 800 betting markets. While 20Bet is fully optimized for mobile use, it also has mobile apps for iOS and Android.
22Bet
22Bet offers a dedicated mobile app for betting enthusiasts who prefer the convenience of betting on the go. With a user-friendly interface, the mobile app seamlessly integrates various sports markets – including Formula 1 – and allows users to explore and place bets effortlessly. To download the app, which is available for Android and iOS devices, visit the official 22Bet website and follow the instructions for app installation.
Parimatch
Keeping up with the modern sports betting demands, Parimatch has introduced a mobile app that provides a platform for users to engage in mobile sports wagering. Whether you are a fan of Formula 1 or other such sports, the app is tailored for those who are passionate about sports. The user interface is designed for intuitive navigation, ensuring quick access to events and a variety of betting options. Android users can visit the official Parimatch website and find the download link for the Android app. On the other hand, iOS users can locate the Parimatch app on the App Store by searching for “Parimatch” and proceeding to install it.
The History of F1 Racing
Formula 1 has a rich and fascinating history that spans nearly a century. Remember that it’s a different motorsport series from NASCAR . You will be able to find NASCAR betting odds along with F1 betting odds at any of the sportsbooks listed on this page. The origins of Formula 1 can be traced back to the early 20th century when motor racing began to gain popularity in Europe. However, it wasn’t until 1950 that the FIA (Fédération Internationale de l’Automobile) organized the first official World Championship race at Silverstone, United Kingdom. This race marked the beginning of a global phenomenon that would become the pinnacle of motor racing. The inaugural season consisted of seven races, with Giuseppe Farina, driving for Alfa Romeo, emerging victorious and becoming the first-ever Formula 1 champion.
In the early days of F1, post World War II, racing enthusiasts witnessed a diverse range of cars and teams. The sport featured renowned drivers like Juan Manuel Fangio and Alberto Ascari, who competed for manufacturers such as Alfa Romeo and Ferrari. The era was marked by innovation and experimentation, with loose regulations allowing for unique designs and engine configurations. As the 1960s and 1970s unfolded, Formula 1 underwent significant changes. Technological advancements became more pronounced, and safety concerns gained attention following tragic accidents.
The 1980s and 1990s saw the emergence of dominant teams and drivers, with Ayrton Senna, Alain Prost, and Michael Schumacher becoming household names. Technological innovation continued, shifting towards aerodynamics, electronic systems, and turbocharged engines.
In the 21st century, F1 entered a new era focusing on sustainability, cost control, and safety. Introducing hybrid power units in 2014 marked a shift towards greener technologies, aligning with global concerns about environmental impact.
Today, the sport has expanded its global reach, hosting races in numerous locations worldwide. Teams like Mercedes, Ferrari, and Red Bull Racing have dominated recent seasons, with Lewis Hamilton, Sebastian Vettel, and Max Verstappen etching their names in the history books.
Formula 1 Betting FAQs
What are the most common bets in Formula 1?
The most common bets in F1 are outright race winners, fastest lap, podium finish, pole position, each-way, dual forecast, and top three finish.
How many races are there in a single F1 season?
The number of races in a Formula 1 season can vary, but a standard F1 season consists of around 23 races.
Is betting on F1 legal in Canada?
Yes, you can bet on F1 legally in Canada, provided you use a legitimate sportsbook with a valid license to operate in the region.
Are F1 and NASCAR different sports?
Yes, Formula 1 (F1) and NASCAR (National Association for Stock Car Auto Racing) are different motorsport series. While both involve racing cars, they have distinct rules, regulations, and formats. You will be able to find NASCAR betting odds along with F1 betting odds at any of the sportsbooks listed on this page.