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Formula One betting for 2024

GOT the need for speed?

Then there is only one place to be.

Formula One racing has no pinnacle in the world of motorsport. The fastest, lightest, most exciting four-wheeled vehicles on the planet.

F1 Betting

From humble beginnings in 1950 with just seven races on the card, over 67 years, the FIA Formula One World Championship has grown to the massive 20 races across eight months of the year from March to November.

Australia kicks off the championship – as has become a shaky tradition, with plenty of nations trying to steal the season opener – and the last race is in the Middle East, the rich oil nation of Abu Dhabi.

So, if you happen to be a Formula One driver, you have to be the absolute best of the best.

These cars reach speeds of up to 360 kilometres per hour. That is brain busting speed, so you have to be able to think fast. Real fast.

Whenever you have an action packed sporting event, the punters will come and Formula One racing is one of the most popular sports to bet on.

So if you’re going to do it, you might as well be informed.

Below is our helpful betting guide to actually getting your bet on and then winning money on Formula One racing.


Latest 2024 Formula One News And Tips

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Best bookies to bet on Formula One with

If you are going to have a bet on the Formula, season or races, then you need an online bookmaker who can keep pace. You want a bookmaker who takes poll position on security, looking after your money and your bets like they were their own. You also need a champion bookie who provides the widest variety of markets, best odds and juiciest promotions on race day. All that is well and good, but who could be bothered scouring the internet and comparing bookmakers to try and figure out which ones are the best? We can, of course. And we did. Here’s our list below.

United States This is my table

This is my table


Formula One racing bet types


Tips for winning money betting on Formula One racing


How are Formula One races conducted and how do drivers score points?

So it is race day.

What exactly happens?

Well, you will find there are 11 teams with two drivers each who line up on the grid for the spoils.

Across three days – usually Friday to Sunday, or Saturday to Monday, depending on what time zone you are in – the drivers have practice, qualifying for grid position and then the main race.

The top 10 finishers win points for both themselves, in the drivers championship and their teams, in the constructors championship.

The team and driver with the most points at the end of the Formula One season wins their respective championship.


List of F1 champions

The first great Formula One driver was Argentine Juan Manuel Fangio, who claimed five titles in the 1950s. Since then, the sport has seen legends like Ayrton Senna, Nigel Mansell, Alain Prost, and Jackie Stewart.

In recent history, Lewis Hamilton and Michael Schumacher stand out, each securing a record seven world championships. Hamilton’s dominance in the 2010s, especially between 2014 and 2019, marked a period of Mercedes’ success in the constructors’ championship.

As of 2023, the reigning World Drivers’ Champion is Max Verstappen, who has won the championship three times in a row.

Although Australian driver Daniel Ricciardo, known for his time at Red Bull Racing, has shown impressive performances, he has not yet secured a World Championship title.

Scuderia Ferrari maintains its status as the most successful team in F1 history with the highest number of constructors’ titles.

Winners list:

1950 Giuseppe Farina (Alfa Romeo)
1951 Juan Manuel Fangio (Alfa Romeo)
1952 Alberto Ascari (Ferrari)
1953 Alberto Ascari (Ferrari)
1954 Juan Manuel Fangio (Maserati/Mercedes)
1955 Juan Manuel Fangio (Mercedes)
1956 Juan Manuel Fangio (Ferrari)
1957 Juan Manuel Fangio (Maserati)
1958 Mike Hawthorn (Ferrari)
1959 Jack Brabham (Cooper)
1960 Jack Brabham (Cooper)
1961 Phil Hill (Ferrari)
1962 Graham Hill (BRM)
1963 Jim Clark (Lotus)
1964 John Surtees (Ferrari)
1965 Jim Clark (Lotus)
1966 Jack Brabham (Brabham)
1967 Denny Hulme (Brabham)
1968 Graham Hill (Lotus)
1969 Jackie Stewart (Matra)
1970 Jochen Rindt (Lotus)
1971 Jackie Stewart (Tyrrell)
1972 Emmerson Fittipaldi (Lotus)
1973 Jackie Stewart (Tyrrell)
1974 Emmerson Fittipaldi (McLaren)
1975 Niki Lauda (Ferrari)
1976 James Hunt (McLaren)
1977 Niki Lauda (Ferrari)
1978 Mario Andretti (Lotus)
1979 Jody Scheckter (Ferrari)
1980 Alan Jones (Williams)
1981 Nelson Piquet (Brabham)
1982 Keke Rosberg (Williams)
1983 Nelson Piquet (Brabham)
1984 Niki Lauda (McLaren)
1985 Alain Prost (McLaren)
1986 Alain Prost (McLaren)
1987 Nelson Piquet (Williams)
1988 Ayrton Senna (McLaren)
1989 Alain Prost (McLaren)
1990 Ayrton Senna (McLaren)
1991 Ayrton Senna (McLaren)
1992 Nigel Mansell (Williams)
1993 Alain Prost (Williams)
1994 Michael Schumacher (Benetton)
1995 Michael Schumacher (Benetton)
1996 Damon Hill (Williams)
1997 Jacques Villeneuve (Williams)
1998 Mika Hakkinen (McLaren)
1999 Mika Hakkinen (McLaren)
2000 Michael Schumacher (Ferrari)
2001 Michael Schumacher (Ferrari)
2002 Michael Schumacher (Ferrari)
2003 Michael Schumacher (Ferrari)
2004 Michael Schumacher (Ferrari)
2005 Fernando Alonso (Renault)
2006 Fernando Alonso (Renault)
2007 Kimi Raikkonen (Ferrari)
2008 Lewis Hamilton (McLaren)
2009 Jenson Button (Brawn)
2010 Sebastian Vettel (Red Bull)
2011 Sebastian Vettel (Red Bull)
2012 Sebastian Vettel (Red Bull)
2013 Sebastian Vettel (Red Bull)
2014 Lewis Hamilton (Mercedes)
2015 Lewis Hamilton (Mercedes)
2016 Nico Rosberg (Mercedes)
2017 Lewis Hamilton (Mercedes)
2018 Lewis Hamilton (Mercedes)
2019 Lewis Hamilton (Mercedes)
2020 Lewis Hamilton (Mercedes)
2021 Max Verstappen (Red Bull)
2022 Max Verstappen (Red Bull)
2023 Max Verstappen (Red Bull)