F1 betting guide for 2024

Q: What changes have been made to cars in 2022?

This year signals a particularly exciting one for F1 with the 2022 'game-changing' car regulations having been unveiled. The new rules, which were supposed to come into effect last year but were delayed due to the pandemic, signal one of the biggest technical changes in F1 history. The key changes to F1 cars this year include: The return of ground effect (aerodynamics) Simplified front wing and a sharp new rear wing 18-inch tyres with wheel winglets Adoption of E10 sustainable fuel With these changes made, the expectation is that we will see more exciting and competitive wheel-to-wheel racing going forward. To get a better understanding of the new regulations and what they mean, visit formula1.com .

Q: How can I watch the F1 in Canada?

You'll be able to watch F1 races in Canada on TSN for English-language viewers and RDS for French speakers. Both channels require a subscription to access them. Alternatively, the official Formula 1 site offers F1 live streaming for every track session, including the race, for viewers in Canada at a yearly fee.

Q: What are the most popular Formula 1 bets?

Here are some of the most popular Formula 1 odds and betting types to wager on: Grand Prix race winner Each-way Dual forecast Winning team Top three finish Fastest qualifier Winning nationality Not to finish Drivers' Championship winner Constructors' Championship winner

Q: What are F1 betting lines?

F1 betting lines are when a sportsbook determines the odds and placing of drivers in a betting market. If you want to learn more, take a look at our guide to betting lines .

Q: Can I make an F1 accumulator bet?

An F1 parlay bet, or accumulator bet, is rare, as usually these are available on sports and markets between two opponents. Some sportsbooks restrict F1 parlay bets, but others offer the opportunity for you to bet on multiple outcomes in the same wager on an F1 race. For example: Lewis Hamilton to win the Monaco Grand Prix, Max Verstappen to be the fast qualifier, Lando Norris to finish in the top three and Fernando Alonso not to finish. If all these outcomes occur, then you'll enjoy a big payout.

Q: Is Formula 1 betting legal in Canada?

Yes, you can bet on F1 in Canada legally, as long as you're playing at a legitimate sportsbook with a license to operate in the region, such as the ones we recommend.

Canada boasts a Formula 1 world champion and two current drivers in motorsport's pinnacle event, which is why there's strong F1 betting interest in the country. Check out our page to learn more about how to bet on F1 racing, top F1 online betting sites, the most popular bets to make and more.

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How to bet on F1

Sign up to one of our recommended sportsbooks and log in.
Head to the sports section, and find 'Formula 1' or 'F1'.
Click on the Grand Prix or F1 futures odds markets.
Pick your bet type, eg 'race winner' or 'top three finish'.
Choose which driver or team you wish to bet on to add to your betslip.
Enter how much with you wish to bet.
Confirm the bet.

How F1 odds work

We'll take you through a Formula 1 race betting example to show you just how F1 gambling odds work:

Lewis Hamilton

1.80

Max Verstappen

2.37

Valtteri Bottas

15.00

Charles Leclerc

41.00

Daniel Ricciardo

101.00

Bar

251.00

As Mercedes' Sir Lewis Hamilton has the lowest odds (1.80), this means that he is the favourite to win the Grand Prix in question. To work out how much you'd win, you just need to multiply his F1 odds by how much you wish to stake. So, a C$10 bet would see you win C$18 in total, which is C$8 in profit.

If you were to back an outsider like McLaren driver Daniel Ricciardo at 101.00, a C$10 bet could land you a huge C$1,000 profit plus your stake back. Some sportsbooks will show a 'Bar' Formula 1 betting option, which is a market for any other driver than the ones displayed to win.

Decimal odds are used in our example because they're the most common for F1 betting in Canada. Most sportsbooks will give you the option to view them in an American moneyline (eg -125) or British fractional (4/5) format.

For more on comparing different ways of expressing F1 betting odds and finding out potential profits, see our odds calculator below.

Popular F1 bets

Now we've got to grips with how odds work, let's go through the F1 best bets for Grand Prix race and championship title markets:

Race winner

There are many Grands Prix across the season, and this is the most popular market as it is simply for who will win a race. For instance, Lewis Hamilton's British Grand Prix odds could be 1.80 for him to finish first.

Eg: Lewis Hamilton
to win the British Grand Prix

1.80
Each-way

Like in horse racing, there is also an F1 each-way bet option. Most sportsbook's Formula 1 betting rules for this will state you only receive winnings on the first two places, with 1/3 of the odds.

Eg: Valtteri Bottas

4.00
Dual forecast

A common question is 'what is a dual forecast bet in F1?'. It's when you pick two drivers to finish in the top two places in any order. If one or both of the chosen drivers finishes outside of the top two, then your bet loses.

Eg: Hamilton & Verstappen

15.00
Winning team

Which constructor will the winning driver represent in a Grand Prix race? So, if you think one of two Ferrari drivers, Charles Leclerc or Carlos Sainz Jr, will win the next race, then choose this market.

Eg: Ferrari

15.00
Top three finish

Can the driver make the podium and finish a Grand Prix in the top three? This is similar to an each-way bet, except you'll receive the same winnings whether your chosen driver finishes first, second or third.

Eg: Daniel Ricciardo

21.00
Fastest qualifier

You are even able to make a bet on F1 qualifying. While most drivers will have a similar price and betting market position to their race odds, this is a sought-after bet, especially in wet weather, as it effectively levels out all the cars, allowing talented drivers in smaller teams to fight for pole position.

Eg: Garrett Smithley

15.00
Not to finish

This is an intriguing F1 gambling market, as this is mostly about pot luck. But, if you do your research and find out a team is struggling with mechanical issues or Hamilton and Verstappen are due another collision, then you can stand a better chance.

Eg: Lance Stroll

3.00
Winning nationality

If you want to be patriotic and back Canadians Lance Stroll or Nicholas Latifi to win their first F1 race, you can choose this market. Other countries with multiple representatives in F1 currently include Britain, Germany, Spain, France and Finland.

Eg: Finnish winner

4.50
Drivers' Championship winner

One of two most popular F1 futures odds markets, an F1 championship bet is a wager on which driver you think will be crowned champion for the season. Will Hamilton win yet another championship, or will last year's winner Verstappen claim his second title? F1 Drivers' Championship odds will fluctuate throughout the season.

Eg: Hamilton & Verstappen

15.00
Constructors' Championship winner

Another F1 futures bet, this time on which constructor (or team) will be crowned world champion. You can take your pick from the likes of Mercedes, Red Bull, McLaren, Ferrari and more in this F1 Championship betting odds market.

Eg: Mercedes

1.50
Live betting

Live F1 betting is also an in-demand feature, allowing you to gamble on Grands Prix right up until the chequered flag. Sportsbooks traders are constantly updating odds as drivers race around every corner of the circuit, with popular markets available including race winner and top three finish.

OGCA's F1 betting tips

Here are just a few tips to help you master the ultimate F1 betting strategy:

Study the qualifying sessions

A huge factor in determining the outcome of a race is starting grid positions. The further a driver is from pole position (the most favourable place for a car to start the race in, situated on the inside of the first row), the more cars he'll have to overtake.

While the driver in pole position has the advantage, this doesn't mean they're guaranteed to win. In fact, the driver with pole position only ends up winning around 40 to 50% of the time.

Then again, you also need to think about the tracks themselves. There are certain tracks where it's much easier to overtake (Canadian Grand Prix), and others where it's almost impossible (Monaco Grand Prix). So, it's a good idea to watch the qualifying sessions to get an idea of how a driver and vehicle might perform on the day.

Do your homework

Researching how well drivers have previously performed on a given track or under certain conditions is a great way to evaluate their chances of winning. For instance, Lewis Hamilton has had the most success at the Hungaroring and Silverstone circuits, while legendary German driver Michael Schumacher was renowned for his wet-weather driving ability.

You should also study the car's performance on certain tracks – depending on whether the track is straight, has bends, is wet or dry can impact how well a car performs.

Factor in weather conditions

The weather has historically played a big role in affecting the outcome of a race. Heavy, or even mild, rainfall, increases in temperature and/or changes in humidity can all have a dramatic impact on a vehicle's performance.

Study stats and race news

A great bettor will always do their due diligence when it comes to research. For F1, having a data-based betting strategy is a great way to help you beat the bookies in the long term, as well as keeping up to date with the latest racing news and previews.

Go for the favourites

While it's tempting to go for the underdog with the huge payout, you'll find this strategy rarely pay offs in F1 betting as the favourites almost always succeed. In 2019, for instance, Lewis Hamilton won 11 races, absolutely dominating the season.

F1 key info 2022

F1 rules & format

F1 Grand Prix races must be no less than 305km long, and can be no longer than two hours for driver safety reasons, unless there have been suspensions
The 2022 F1 season features a record-breaking 23 races, featuring the arrival of Miami and the return of the Australian, Canadian, Singapore and Japanese Grands Prix
In terms of how F1 qualifying works, all drivers must participate in at least one of the three practice sessions to qualify for the race
The qualifying session determines the drivers' starting positions, from 1 to 20. It's divided into three rounds: Q1, Q2 and Q3
In Q1, the slowest five out of all 20 cars take positions 16-20 in the race. For Q2, 15 cars compete and the slowest five determine positions 11-15. Finally, Q3 involves 10 cars competing for pole position, with the fastest lap claiming the top spot
Shortly before the race starts, there's a 'formation lap' in order for the cars and tyres to warm up. Cars must move in grid order without overtaking
Once all cars have returned to their starting grid positions, five red lights appear on the start board at one-second intervals. When these red lights go out, the race commences
The race ends when the predetermined number of laps is completed by the drivers, with whoever finishing first winning. As circuit lengths vary, different races have a different number of laps
2022 has seen a massive overhaul of F1 technical rules. Some of the most revolutionary changes include the adoption of 18-inch wheel rims (replacing the old 13-inch rubber) and reintroduction of wheel covers; the return of ground effect aerodynamics; new power unit freeze; a longer nose to withstand higher forces in a frontal impact; new sustainable E10 fuel, and more

F1 calendar 2022

Date	Grand Prix	Circuit
Mar 20	Bahrain GP	Bahrain International Circuit
Mar 27	Saudi Arabian GP	Jeddah Street Circuit
Apr 10	Australian GP	Albert Park
Apr 24	Emilia Romagna GP	Autodromo Enzo e Dino Ferrari
May 8	Miami GP	Miami International Autodrome
May 22	Spanish GP	Circuit de Catalunya
May 29	Monaco GP	Circuit de Monaco
Jun 12	Azerbaijan GP	Baku City Circuit
Jun 19	Canadian GP	Circuit Gilles Villeneuve
Jul 3	British GP	Circuit Silverstone
Jul 10	Austrian GP	Red Bull Ring
Jul 24	French GP	Circuit Paul Ricard
Jul 31	Hungarian GP	Hungaroring
Aug 28	Belgian GP	Spa-Francorchamps
Sep 4	Dutch GP	Circuit Zandvoort
Sep 11	Italian GP	Autodromo Nazionale Monza
Sep 25	To be announced GP	-
Oct 2	Singapore GP	Marina Bay Street Circuit
Oct 9	Japanese GP	Suzuka Circuit
Oct 23	United States GP	Circuit of the Americas
Oct 30	Mexican GP	Autodromo Hermanos Rodriguez
Nov 13	Brazilian GP	Autodromo Jose Carlos Pace Interlagos
Nov 20	Abu Dhabi GP	Yas Marina Circuit

F1 teams & drivers 2022

Team	Driver
Alfa Romeo Racing-TBA	77. Valtteri Bottas 24. Guanyu Zhou
AlphaTauri-Red Bull	10. Pierre Gasly 22. Yuki Tsunoda
Alpine-Renault	14. Fernando Alonso 31. Esteban Ocon
Aston Martin-TBA	5. Sebastian Vettel 18. Lance Stroll
Ferrari	16. Charles Leclerc 55. Carlos Sainz Jr.
Haas-Ferrari	47. Mick Schumacher TBA. Kevin Magnussen
McLaren-Mercedes	3. Daniel Ricciardo 4. Lando Norris
Mercedes-AMG	44. Lewis Hamilton 63. George Russell
Red Bull Racing	33. Max Verstappen 11. Sergio Pérez
Williams-Mercedes	23. Alex Albon 6. Nicholas Latifi

Top F1 drivers (by championship titles)

We've listed the top 10 most successful F1 drivers in terms of championship wins. Lewis Hamilton and Sebastian Vettel are the only current drivers, and feature in the F1 world champion odds betting.

Michael
Schumacher

7 times
Lewis
Hamilton

7 times
Juan Manuel
Fangio

5 times
Alain
Prost

4 times
Sebastian
Vettel

4 times
Jack
Brabham

3 times
Jackie
Stewart

3 times
Niki
Lauda

3 times
Nelson
Piquet

3 times
Ayrton
Senna

3 times

Top F1 teams (Constructors' Championships)

In the other Formula 1 Championship odds market, these 15 teams have all won the Constructors' title, with the Prancing Horse of the Ferrari way out in the lead:

Ferrari

16 times
Williams

9 times
McLaren

8 times
Mercedes

8 times
Lotus

7 times
Red Bull

4 times
Cooper

2 times
Brabham

2 times
Renault

2 times
Vanwall

1 time
BRM

1 time
Matra

1 time
Tyrrell

1 time
Benetton

1 time
Brawn

1 time

F1 betting apps & mobile options

The vast majority of sportsbooks dedicate their time to updating and building the best F1 betting apps, which can be used on an iPhone, Android or tablet device. These apps are free to download, taking only a few clicks to set up your login details.

If a sportsbook doesn't offer a betting app, it'll always have a mobile site version. As long as you have a steady internet connection, you can bet on F1 from your mobile device and claim bonuses and place all the odds available on the desktop version.

Formula 1 betting bonuses

To support your Formula 1 betting, it's great to gamble through a sportsbook that offer bonuses. Broadly speaking, such offers fall into one of these three categories:

Welcome bonus
- You can fully expect to receive some form of bonus for joining a betting site
- This is known as a welcome bonus or sign up offer
- They are for new customers only and may require a promo code or cash deposit in order to start betting on F1 races
Enhanced odds
- Sportsbooks may boost prices on outcomes to encourage Canadian players to bet on Formula 1
- These enhanced odds are available to both new and existing customers
- These F1 betting enhancements are only available for a limited time, so be quick
VIP club
- Bettors who gamble regularly can have their loyalty to a sportsbook rewarded through a VIP Club
- To qualify for weekly bonuses, simply place the required number of qualifying bets within the timeframe
- Similar to enhanced odds, VIP clubs are open to both new and existing customers looking to bet on F1

How we review F1 betting sites

Security:
does the site provide a safe gambling environment with encrypted servers that protect your account?
Customer service:
professional and friendly support being available in a variety of forms 24/7 is essential
Bonuses:
a welcome offer as standard, but other promotions that give you every reason to come back and bet again
Licenses:
Canadian gambling authorities have given the site their thumbs up, so it's legal to use in the region
Markets:
a great range of Formula 1 odds to bet on throughout the season

FAQs

How many F1 races are in the season?

Since the first F1 season in 1950, there have been between seven and 21 races. The year 2020 saw a slight dip in races with 17, due to the Covid-19 pandemic, but 2021 saw a new record of 22. Meanwhile, the 2022 F1 calendar has a planned 23 races.

What changes have been made to cars in 2022?