Best Formula 1 Betting Sites in Canada

We‘ve tested many F1 sportsbooks and narrowed down the best ones for you. Our recommendations offer a lot of markets and competitive odda with a top betting experience for novice and seasoned bettors. This article also serves as a guide, offering insights and tips for betting on the Formula 1 championship. Read on to learn more about the different types of F1 bets, discover expert tips to help you make informed F1 bets, and dive deep into the world of F1 betting.
Written by
Steve Madson
Updated
Apr 24, 2024
Checked by
Nina Winston

Best F1 Betting Sites for 2024

Safe and licenced
Safe and licenced
Top rated
Top rated
Faster payments
Faster payments
High payments
High payments
#
Rating
Bonus
Features
Play
1
Rating
5 /5
100% up to €100
+120 FS on Elvis Frog in Vegas
T&C apply
  • Only to new players 18+ on their first deposit with a maximum bonus of 180 CAD.
  • Depositing 180 CAD results in a starting balance of 360 CAD.
  • Players receive 120 free spins in sets of 30 over 4 days, with the first set credited immediately after bonus activation.
  • Winnings from free spins come with a 40x wagering requirement.
  • Calculation of possible winnings
  • Singles and multi bet
  • Various betting markets on top sporting events
  • Supports many cryptocurrencies
  • Wide range of payment methods
Established
2020
Licence
Curacao
Total Games
2500+
  • Interac
  • Visa
  • Mastercard
  • Google pay
  • Neosurf
  • Payz
  • Paysafe
  • Muchbetter
  • iDebit
  • Flexepin
  • Jeton
  • eZeeWallet
  • MiFinity
  • Bitcoin
  • Bitcoin Cash
  • CashtoCode
  • DAI
  • directDebit+
  • Dogecoin
  • Ethereum
  • Flykk
  • LUXON
  • Perfect Money
  • STICPAY
  • USD Coin
  • USDT (Teather)
2
Rating
5 /5
100% bonus up to 440 CAD
T&C apply
  • Minimum deposit: €1, Maximum withdrawal: Unlimited
  • Wagering requirements: 50x Bonus (restrictions apply), Deposit LOCKED
  • Maximum bet: €5
  • You should receive this bonus IMMEDIATELY, Bonus expiration: 7 days
  • 18+ • General Terms and Conditions apply, please play responsibly • Carefully read the bonus terms and conditions! • This offer does not apply to deposits made with cryptocurrencies • Bets count double towards the wagering requirements in some games.
  • Over 40 payment methods
  • Cryptocurrency available
  • Sports betting
  • Mobile app
  • Large selection of languages and currencies
  • Unlimited payouts are possible
Established
2018
Licence
Curacao
Total Games
2800+
  • Interac
  • Visa
  • Mastercard
  • Payz
  • Skrill
  • Paysafe
  • Muchbetter
  • Jeton
  • eZeeWallet
  • Bitcoin
  • Bitcoin Cash
  • AstroPay
  • directDebit+
  • Dogecoin
  • Ethereum
  • Litecoin
  • Monero
  • Perfect Money
  • Ripple
  • STICPAY
  • USDT (Teather)
  • ZCash
3
Rating
4.9 /5
Read review
500% Up to C$3000 + 100FS
T&C apply

The casino’s welcome bonus is exclusively for new registrants. Players must be at least 18 years old. The initial deposit bonus matches 150% up to certain limits across various currencies, with a wagering requirement of 50 times the bonus amount. Only one welcome bonus is permitted per account, and it expires seven days after being awarded. Players must wager with a max bet of €5 or its currency equivalent until wagering requirements are met. If withdrawals are requested before wagering is complete, bonus and winnings are forfeited.

  • Minimum deposit: $10
  • 100% match bonus up to $100
  • Fast payout
Read review
  • Week bonuses
  • Cashback
  • Huge payment section
Established
2022
Licence
Curacao
Total Games
9000+
  • Interac
  • Visa
  • Mastercard
  • Muchbetter
  • Jeton
  • eZeeWallet
  • MiFinity
  • Bitcoin
  • Bitcoin Cash
  • AstroPay
  • Ethereum
  • Litecoin
  • Ripple
  • TRON
  • USDT (Teather)
4
Rating
4.8 /5
450% up to C$9000 + 325 FS
on four deposits
T&C apply

The Welcome Bonus Pack is available for your initial four deposits. To qualify for the bonus on each of these deposits, you must deposit a minimum of C$30.

  • 200% up to C$1500 + 100 FS for the 1st deposit
  • 24/7 customer support
  • Crypto currencies available
  • 24/7 customer support
  • Sports betting
  • Slot races
Established
2021
Licence
Curacao
  • Binance Pay
  • Bitcoin
  • eZeeWallet
  • Flexepin
  • Interac
  • Mastercard
  • MiFinity
  • Muchbetter
  • Neteller
  • Paysafe
  • Payz
  • Ripple
  • USDT (Teather)
  • Visa
  • Skrill
5
Rating
4.8 /5
100% Up to $500
+ 200 FS
  • Tournament Games
  • Instant Games
  • Live Dealers
Established
2021
Licence
AGCO, Ontario
Total Games
4000+
  • Interac
  • Mastercard
  • Neosurf
  • Payz
  • Muchbetter
  • Flexepin
  • Jeton
  • eZeeWallet
  • MiFinity
  • Bitcoin
  • Binance Pay
  • Dogecoin
  • Ethereum
  • eVoucher
  • Litecoin
  • TRON
  • USD Coin
  • USDT (Teather)

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.

100% bonus of up to C$150
T&C apply
  • Only to new players 18+ on their first deposit with a maximum bonus of 180 CAD.
  • Depositing 180 CAD results in a starting balance of 360 CAD.
  • Players receive 120 free spins in sets of 30 over 4 days, with the first set credited immediately after bonus activation.
  • Winnings from free spins come with a 40x wagering requirement.

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.

Pros
  • Competitive F1 betting odds
  • Low wagering requirement
  • 24/7 live chat support
Cons
  • No live streaming
100% bonus up to C$180
T&C apply
  • Minimum deposit: €1, Maximum withdrawal: Unlimited
  • Wagering requirements: 50x Bonus (restrictions apply), Deposit LOCKED
  • Maximum bet: €5
  • You should receive this bonus IMMEDIATELY, Bonus expiration: 7 days
  • 18+ • General Terms and Conditions apply, please play responsibly • Carefully read the bonus terms and conditions! • This offer does not apply to deposits made with cryptocurrencies • Bets count double towards the wagering requirements in some games.

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.

Pros
  • Numerous payment methods available
  • Mobile apps for Android and iOS
  • Wide range of markets
Cons
  • No phone support
Up to C$240 for their first three deposits
T&C apply

The casino’s welcome bonus is exclusively for new registrants. Players must be at least 18 years old. The initial deposit bonus matches 150% up to certain limits across various currencies, with a wagering requirement of 50 times the bonus amount. Only one welcome bonus is permitted per account, and it expires seven days after being awarded. Players must wager with a max bet of €5 or its currency equivalent until wagering requirements are met. If withdrawals are requested before wagering is complete, bonus and winnings are forfeited.

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.

Pros
  • Solid bonuses
  • Mobile apps for Android and iOS
  • 24/7 customer service
Cons
  • 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: 

snatch casino canada welcome bonus
Snatch casino Canada welcome bonus
SportsbookMinimum DepositMinimum OddsOffer AmountBonus
20BetC$152C$150100% up to C$150
22BetC$21.40C$180100% up to C$180
Blue ChipC$201.01C$240Free Bet Bonus up to C$240
Snatch CasinoC$302.5C$150Up to C$150 in Free Bets
SportazaC$301.50C$150100% up to C$150
Betting bonuses

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:

Outright Winner

Among the most popular types of bets in F1 racing is predicting the winner of a specific Grand Prix, and many online betting sites in Canada offer this option. This allows bettors to bet on the driver they think will be the first to cross the finish line and claim victory.

Moreover, this involves considering various factors, such as the drivers’ current form, their team’s competitiveness, and their track record at the particular circuit. Additionally, analyzing factors like the drivers’ qualifying speed, race strategies, and ability to stay composed during varying weather conditions can offer valuable insights.

Usually, a limited number of drivers stand a real chance of emerging victorious in a race. For instance, during the 2022 championship, only five drivers had a realistic chance of being crowned champion. These included Serio Perez, Charles Leclerc, Max Verstappen, George Russell, and Carlos Sainz Jr.

Podium Finish

Podium finish bets involve the bettor backing a driver to either finish in first, second or third place. While the odds here may not be as high as those for a driver to win the race outright, you can expect your bet to win regardless of the three positions your chosen driver finishes in. 

Furthermore, there’s no difference in the amount you receive based on where your selected driver finishes either. The only condition here is that they secure a podium spot within the first three positions.

These types of bets work best if there are multiple challengers to win a race and the bettor is seeking some insurance if their selection does not win outright or if they are backing an underdog who may outperform expectations and make their way into the top three.

Pole Position

Where a driver begins the race is crucial to the F1 racing competition, and bettors can choose a pole position where they believe a particular driver may start the race. Qualifying bettors are required to determine where a driver may place, and whoever has the best qualifying time gets the number one spot.

This is similar to the outright winner bet in the sense that the bettor can place a wager on the fastest qualifier or pole position to warm up before the main competition.

Driver Matchups

Driver or head-to-head matchups offer an excellent opportunity to compare the performances of two drivers. This type of bet focuses on which driver will outdo the other in a particular race. This is an easy bet if you know one driver can outperform another and want to avoid picking the outright winner.

Bettors are required to check numerous factors, including team dynamics, the drivers’ skills, recent form, and historical track records. Studying each driver’s previous performances in similar weather conditions or on equivalent circuits also offers helpful insights. 

blue chip casino f1 betting
Blue Chip F1 betting 2024

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 TeamDrivers
Oracle Red Bull RacingMax Verstappen, Sergio Perez
Alfa Romeo F1 Team StakeZhou Guanyu, Valtteri Bottas
Scuderia AlphaTauriYuki Tsunoda, Nyck de Vries
BWT Alpine F1 TeamEsteban Ocon, Pierre Gasly
Aston Martin Aramco Cognizant F1 TeamLance Stroll, Fernando Alonso
Scuderia FerrariCarlos Sainz Jr., Charles Leclerc
MoneyGram Haas F1 TeamNico Hülkenberg, Kevin Magnussen
McLaren F1Lando Norris, Oscar Piastri
Mercedes AMG Petronas F1 TeamGeorge Russell, Lewis Hamilton
Williams RacingLogan Sargeant, Alex Albon
2024 drivers and teams f1

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  

22bet mobile app
22Bet mobile app

Below are the best apps for betting on F1 racing:

20Bet

Rating
4.6
Rating
4.2

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

Currently unavailable
Rating
0.1
Rating
4.7

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

Rating
4.8
Rating
4.3

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.  

The History of F1
The History of F1

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. 

Formula 1 History
Formula 1 History

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.