Best Formula 1 Betting Sites in Canada

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 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.

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 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.