F1 Betting Sites in Australia 2024
Best F1 Betting Sites in 2024
- 100% bonus on 1st Deposit
- 150 FS on 2nd Deposit
- Monday bonus: Up to 50 FS
- High roller bonus: Up to A$1500
- Wednesday FS drop
- Quests and missions
- 10% Cashback Bonus
- 50% Weekly Reload Bonus
- VIP Free Bet Daily
- 250% up to 4500 AUD
- 350 Free spins
- 400% Bonus with Neosurf
- 100% up to $200
- Live chat is available
- Mobile friendly design
- 3+1 FreeBet
- e-Sport + Virtual Welcome Bonus
- Boosted Odds Promotion
- 25% Live Cashback
- Up to 100 FS every Sunday
- 50 FS Weekly Reload Bonus
- weekly cashback 15% Up to $4500
- Up to A$10 wager free bonus
- 50% reload bonus
- 1st dep 100% up to AU$200
- 2nd dep 50% up to AU$250
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PariMatchBonus: Up to A$10000 + 375 FS -
Powbet CasinoBonus: 100% Up to $150 -
Wazamba CasinoBonus: Up to $4000+ 150 FS -
Extra Vegas CasinoBonus: 250% up to 4500 AUD + 350 FS -
WallaceBet CasinoBonus: $200
How We Rank The Best Formula 1 Betting Sites
Choosing the right sports betting sites is key to a superb F1 experience. Each F1 site is rated in several aspects. Here’s what we review.
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1
F1 Betting Availability:
The leading sites deliver F1 options that cover all major events. A betting platform should be intuitive and easy to use. We check how simple it is to find betting options and claim promos. -
2
Bonuses and Promotions:
Only sites with fair and rewarding promos make our list. Common perks for betting on formula 1 include welcome offers, deposit matches, free bets, and no-deposit bonuses. -
3
Multiple Bet Types:
We make sure the site offers a wide range of bets. Тhese range from a simple bet on the winner to more advanced World Driver’s or Constructor’s Championships results. -
4
Payment Options & Payout Speed:
We look for the best f1 betting sites that accept credit cards, e-wallets, cryptocurrencies, and bank transfers. You, for sure, prefer sites that process instant or fast withdrawals. So, you get your winnings without any delays. -
5
Security & Customer Support:
F1 betting sites without a license or other regulations is a red flag! We also analyze SSL encryption. Fast and efficient customer service matters. We prefer sites that offer 24/7 live chat, phone, and email. Social media and contact forms will be a plus.
Best Formula 1 Betting Sites
Our experts review different brands to put together a list of the top Formula 1 betting sites in Australia.
BetMGM is a big name in legal online placing bets. It’s part of MGM Resorts International, a top entertainment company. In 2018, they expanded into online sports betting and casinos. BetMGM’s sportsbook lets you bet on a range of sports worldwide. Along with F1, you can bet on football, horse racing, tennis, and other sports. The site is licensed and regulated in multiple states and locations.
- Dedicated mobile app
- Competitive F1 odds
- Plenty of events.
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Countries restrictions
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Slow UX.
Launched in 2000, Bet365 is one of the leading online sports betting companies worldwide. They cover popular sports and satisfy fans of niches like Formula 1 and other motor sports. Bet365 is licensed internationally by authorities like GRA, MGA, and the UKGC.
- Extensive sportsbook
- User-friendly interface
- Generous sign-up bonus.
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No VIP or Loyalty programs
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Lack of phone support.
Unibet is one of the oldest and most trusted brands for sports bets worldwide. The operator grants a great selection of F1 betting options, which are easy to navigate. There are over 1,000 casino games from leading providers. Unibet is fully licensed by both the MGA and the UKGC.
- Live streaming
- Regular promotions
- Mobile app.
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No phone help
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Restricted countries.
Bonuses and Promotions for F1 Betting
New and active bettors have a wide choice of perks at the top 10 online casinos, same as a long list of promotions for sportsbook. These deals include welcoming perks, referral rewards, and other ongoing promotions. Here are the common types of bonuses you expect from major sportsbooks.
Sign Up Offers
Well-known welcome offers are given to new customers after they create an account and make their first deposit and bet. It can take the form of bonus bets, deposit matching, or second-chance bets. Online casinos also often provide a 100% bonus, real-money promos, and FS on specific games. The minimum depositing and playthrough requirements vary.
Bonus Bets
Bonus bet is one of the most popular welcome rewards. Many sportsbooks propose $100 to $200 in stakes when you fund your account and place a wager. Bonus bets let you place a bet without risking your own money, but there are often rules about how to use them, and they usually have an expiration date.
Second Chance Bet
A second chance bet refunds your first bet if it loses. So, you get a betting credit equal to the amount you wagered. However, the credit you receive can’t be withdrawn as cash and may expire within a couple of weeks.
Player Referrals
If you have friends interested in betting, both of you can get a bonus through a referral program. Once your friend signs up and finishes a deposit, you receive a reward, often in the form of betting credits.
Odds Boosts
Sportsbooks sometimes offer odds boosts, which increase the payout potential on a bet. For example, an underdog with +120 odds might get boosted to +200, giving you a bigger payout if the bet wins.
Profit Boost
Profit boosts increase the amount of profit you grab on a winning bet without changing the chances. For example, a 25% profit boost on a $10 bet with +200 odds could increase your payout from $30 to $35.
Loyalty and VIP Programs
Many sportsbooks have loyalty or VIP programs that reward loyal users. These programs present special rewards and VIP perks. This way, you can earn bonus bids when you meet the qualifying requirements.
Contests
Sportsbooks often run contests with extra wagers, cash, or trips to major sporting events. Some contests are based on luck, and others may involve skill, like Pick’Em competitions. Pick’Em is a game where you predict the outcomes of matches. You select which teams will win or lose, and you earn points based on your correct picks.
Bonus T&Cs
Just like online casinos, F1 betting sites have specific terms and conditions. Before customers claim any bonus, they read T&Cs to understand the wagering requirements and game restrictions.
- Wagering Requirements: If you use a bonus to bet on F1, there are rollover rules you need to meet before you can withdraw your winnings. For example, if there’s a 25x wagering requirement on a $100 bonus, you’ll need to play through $2500 (25 x 100) before you can cash out your earnings.
- Deposit and Withdrawal Limits: Some banking options let you deposit as little as $5, but to claim a bonus, you often need to add at least $30. These ranges might affect the size and number of the possible stakes.
- Account Verification: In most cases, you’ll need to verify your account in order to withdraw the real money. This demands an ID, passport, or driver’s license to confirm your identity.
- Responsible Gambling Tools: Many platforms offer tools to manage your gaming. Customers set deposit caps, time restrictions, and self-exclusion options. These measures help prevent issues.
Payment Methods at F1 Betting Sites
F1 websites in Australia support many popular payment methods. Credit and debit cards like Visa and MasterCard are commonly used for both deposits and withdrawals. They’re easy to use but may have higher fees and slower withdrawal times than other options. The same goes for bank transfers. They are secure but slower and often involve fees. The size of the charges depends on your bank.
E-wallets like PayPal, Skrill, and Neteller are fast and secure. Most transactions are processed within 24 hours and don’t add any extra fees. Yet, some bonuses might exclude Skrill and Neteller deposits.
Cryptocurrencies, like Bitcoin or Ethereum, deliver quick and anonymous transactions. Besides, they offer low gas fees and larger caps. Altogether, that makes them suitable for high rollers. However, not all sites accept crypto tokens.
Make sure to check each F1 betting site’s limits and any associated fees before choosing your method. Below, you can see some of the popular payment options and their average time of payouts.
Types of F1 Bets You Can Place
There are several types of Formula 1 betting. Each one provides different levels of risk and reward.
Race Winner
This is the most common F1 bet. You simply bet on which racer will triumph in the race, and if they finish first, you win. It’s a plain choice, which is great for beginners.
Podium Finish
Here, you bet on a driver to finish in the top three places. Even if your pilot doesn’t win the race, you can still win. It’s a safer option for online gambling in Australia, but the odds are usually lower than the race winner’s stake.
Top 6 Finish
This type of betting is similar to the podium finish, but it points out a driver to finish in the top six. It’s a good way to back underdogs at higher odds.
Fastest Lap
You can pick which competitor will set the fastest lap during practice, qualifying, or the race. Bettors should check the betting market specifics for every event to make wagers.
Constructor Championship
The Constructor’s Championship is officially called the FIA Formula One World Championship for Constructors. It belongs to the main events in F1. The bet selects which team will succeed at the end of the season.
Driver Championship
This is a long-term bet where you pick one racer to win the competition by the end of the season. You can place this bet before the season starts or during it.
Handicap Betting
Handicap betting in F1 is a way to get better odds on favorites or give underdogs a fairer shot. For example, a strong driver might start with a virtual -5-second penalty and an underdog gets a +5-second boost. Your bet wins if the adjusted times, including the handicap, put your pilot ahead.
Prop Bets
Prop bets are fun because they let you bet on different aspects of the race beyond just who wins or loses. These F1 bets might be on the number of safety cars that will appear during the race or the fastest pit stop.
How to Start Betting on F1 Races
The process of betting on Formula 1 is simple. Just follow the steps below, and you’ll be ready to place your wagers quickly.
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1
Pick a Reliable Bookmaker:
Check out our list of the best Formula One betting platforms, compare their features, and pick the one that suits you best. -
2
Learn the Bookmakers Rules:
Once you’ve picked a sportsbook, get familiar with how it works. Sign up, verify your account, review the T&Cs, and pick the promotions. -
3
Make a Deposit:
After your account is verified, add funds to it. Choose from available payment methods, and you’re ready to go. -
4
Kick Start on F1:
Now you can place F1 bets. Head to the F1 section of the bookmaker to set a race and put money on. You can take risks before or even during the race. -
5
Enjoy the Race & Withdraw:
Keep an eye on live odds if you like to bet during the event. If you win, follow the site’s withdrawal process to get your cash
Popular F1 Events to Bet On
In 2024, a Formula 1 season has 24 races. Yet, not all of these competitions are equally popular among fans, drivers, and bettors. Below, we’ll highlight the top events for staking on F1.
Bahrain Grand Prix
The Bahrain Grand Prix is now the first race of the F1 season. It is held in the desert and takes place at night under bright lights, which creates a unique atmosphere. The track is quick with long straight parts.
Monaco Grand Prix
The Monaco Grand Prix is a famous Formula 1 race that takes place on the streets of Monte Carlo. The track is challenging, with tight corners and narrow roads. It is considered one of the most unpredictable races in F1. Spectators watch 78 laps of action throughout the race.
Italian Grand Prix
The Italian Grand Prix stands among the most famous and historic races in Formula 1. It goes to Monza, and is known as the “Temple of Speed” because of its super-fast track. The race has a huge fan base, especially for Ferrari, Italy’s most iconic team.
Australian Grand Prix
The Australian Grand Prix presents one of the oldest and most popular racing hustle and bustle in Australia. The race used to take place in Adelaide but moved to Melbourne in 1996. Both Michael Schumacher and Aussie Lex Davison share the record for the most wins in this race. Those are four victories for each.
Abu Dhabi Grand Prix
The Abu Dhabi Grand Prix is the final race of the F1 season. It often decides the championship. It’s a night race at the Yas Marina Circuit, known for its beautiful views of the city and marina. The unique track has a mix of fast straights and tight corners.
F1 Live Betting
Live betting on F1 adds extra fun, but there are some restrictions in Australia. Due to the Interactive Gambling Act, live bets must be placed over the phone. You can find the phone number for in-play next to the live odds on your desktop or mobile screen. We advise you to choose quick and responsive sportsbooks with mobile apps for a smooth experience.
Strategies and Tips for Betting on Formula 1
You can increase your chances of winning with Formula 1 betting if you understand how it works. We’ve put together a list of F1 betting tips and strategies that have proven effective over time.
Bet on More Than One Driver
You’re able to spread your bets across several racers. This gives you more chances to win, even if your top pick doesn’t finish first. Each driver shows diverse F1 odds. So making predictions on many racers is profitable.
Learn About the Race Tracks
All F1 circuits are unique, and teams may perform differently on each one. Research how pilots have done on specific tracks to make smarter bets.
Pay Attention to Teamwork
F1 racing involves 10 teams, with two drivers in each. Even though each speedster races individually, their team plays a big role in their success. Good teamwork might improve your chances of winning.
Don’t Rely on Qualifying Results
Just because a car is fastest in the qualifying race, it doesn’t mean it will take first place in the main event. Factors like weather and track conditions can change.
Keep an Eye on the Weather
Weather conditions play a big role in deciding the outcome of a Grand Prix. Rain might cause unexpected moments. Other factors like humidity and temperature can also impact a car’s performance.
Watch the Lap Times
Lap times in the Free Practice 1 and 2 sessions can tell you a lot about how a driver and their car are doing. These practice rounds give you a chance to see how well the pilot knows the track.
Pros and Cons of Betting on F1
Betting on F1 has certain advantages and disadvantages. You should consider all the points to see if it suits you.
- Wide range of bet types
- Exciting, fast action
- Opportunities for large payouts.
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Can be unpredictable
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Live betting is only available on mobile devices.
Gambling on Formula 1 Responsibly
Sites for placing bets on Formula 1 races focus on responsible gambling. That’s in addition to basic safety measures like licensing and SSL protocols. Gamblers can set tools like time limits, reality checks, and self-exclusion to manage their betting habits. Plus, there are independent organizations that provide tips and advice to help prevent addiction.
FAQ
