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How To Bet On F1 : Complete Guide | LeoVegas Blog

How To Bet on Formula 1: Complete Guide

A total of 20 cars go at breakneck speed around courses of varying difficulty and nuance - each battling to finish on the podium. LeoVegas Sports is one of the premier providers of F1 betting - check out our review of the sport to set up your Canadian Grand Prix betting strategy.

Table of Content:

BET NOW ON F1

How to Bet on F1

Wondering how to bet on F1 with LeoVegas Sport? It's easy! Here’s a step by step guide for you to follow:

  1. Navigate to the Sports Betting Section on LeoVegas and select Formula 1 to view the available F1 betting options.
  2. Within the Formula 1 category, you'll find a list of upcoming races. Simply choose the race you want to bet on, let's say you choose the Canadian Grand Prix, for example.
  3. Once you've selected the race, you'll see a range of betting markets related to that specific race. These may include race winner, podium finish, fastest lap, and other options we discussed earlier.
  4. View your betting options and you want to bet on the race winner for instance. Click on the corresponding option to view the available drivers and their odds.
  5. Here, you'll see a list of drivers participating in the race along with their corresponding odds. After seeing the odds, you choose Lewis Hamilton with odds of 2.50.
  6. Once you've made your selection, enter the amount you want to wager on that driver and confirm your bet.
  7. Once you've placed your bet, all that's left to do is wait for the race to take place. And if Hamilton wins the race, you will receive the payout based on the odds you bet on.

You can repeat these steps with every race in the F1 calendar, there’s usually about 19-23 races in a year.

F1 Betting Lines

At LeoVegas Sports Betting, we offer a spectacular selection of sports betting markets on F1. When you bet with us, you know you're getting great F1 odds on several different markets.

Here are some examples of Formula 1 betting opportunities with LeoVegas Sports:

GP winner (Race winner) - Throughout the entire duration of the F1, we will update our race odds on the favourites and longer-odds selections. Simply pick who you think will be the overall champion.

Championship Winner - Have a hunch on who will top the podium at the end of the season? This is the market for you!

Pole Position - This bet involves predicting which driver will secure the pole position during the qualifying session. If your chosen driver starts the race from the first position on the grid, you win the bet.

Driver Matchup Bets - This type of bet involves selecting which driver will finish ahead of another driver in a specific race. Bookmakers may offer various matchups, and you choose which driver you think will perform better.

Fastest Lap - Here, you wager on the driver who will set the fastest lap time during the race. If your selected driver achieves the fastest lap, you win the bet.

Over/Under Bets - Bookmakers may offer over/under bets on various race-related parameters, such as the number of safety car deployments, the number of drivers who finish the race, or the total number of points scored by a driver/team. You bet on whether the actual value will be over or under the bookmaker's specified value.

What is Formula One (F1)?

Formula 1 is the world's richest and premier racing event, providing the best-in-class international standard for single-seater cars. The season usually starts in the beginning of March and goes on till the end of November. During this time, the teams race all over the world across 6 continents. Some of the most anticipated races are the prestigious street circuit in Monaco, the twisty track in São Paulo Brazil, Monza in Italy, home to all the tifosi (Ferrari fans) and racing under the bright street lights of Singapore at night.

It’s a feast for the senses attracting millions of viewers from around the world with action-packed races throughout the globe. It has been a staple of the sporting calendar since 1950 when it was first referred to as the World Drivers' Championship and it’s filled with historic moments that will remain with us for the years to come.

A Grand Prix usually takes place over an entire weekend, culminating in a tarmac-burning race on Sunday. Over the weekend, the teams and their drivers have three practice sessions, which are used to get crucial data about how the car behaves on the specific track. In these sessions, the teams test out different tyre compounds and different car setups, these will definitely come in handy when deciding on a strategy for the race on Sunday. But before then, there’s the qualifying session which decides on the order in which the cars will start the race. In this session, the driver with the fastest lap around the track will start on pole position meaning the rest of the drivers are starting behind.

F1 Drivers & Teams

Formula 1 is a unique sport in many ways. One man may drive the car, but an entire team of engineers works at breakneck speed throughout the race to change tyres, fix mechanical problems, issue race instructions and much more. Furthermore, one cannot forget the hundreds of workers back at the factory who are responsible for the many intricate parts of an F1 car.

The most popular teams in the sport's history include Ferrari, McLaren, and Williams - all of which have been operating over the last few decades and have built up some big reputations. The most successful team is Ferrari, with 16 constructors' titles and 15 driver titles. However, they haven't won since 2008, and other teams are closing the gap.

The most successful F1 driver of all time in terms of individual races won is Lewis Hamilton - the British driver recently passed Michael Schumacher in the all-time victories list. Hamilton is also tied with the German in the number of World Championships each has won - they share seven titles apiece.

Formula 1 Teams

The maximum number of teams allowed to take part in Formula 1 is 13 however, there’s been just 10 teams in recent years. The threshold for a new team to enter F1 is pretty high both in resources and financially. The current teams are: Red Bull, Ferrari, Mercedes, McLaren, Alpine, Alfa Romeo, Haas F1 Team, AlphaTauri, Aston Martin, and Williams.

Each team fields two drivers and even though they are given the most coverage, they are backed by hundreds, if not thousands, of other team members. From factory workers producing the different parts of the car, to the mechanics who set the car up meticulously every session. Let’s take a deeper look at these teams.

Red Bull Racing:

Yes, Red Bull the drink and yes, they own the team and no they aren’t just the sponsors. They are in fact the current champions. Having demolished their competitors by some margin, they had the best car and the team seemed to always make the right strategy calls. They burst onto the F1 scene first as sponsors, but ultimately bought their way into F1 by acquiring the struggling Jaguar F1 team in 2004. Since then they have been big players in the sport, winning a total of 5 constructors and 6 drivers championships. To the dismay of other F1 teams, they seem to be on their way winning both this year.

Scuderia Ferrari

This team has become unanimous with the sport, when people think of Formula 1 they think of the cherry red car speeding through the corners, that is in fact a Ferrari. They are the most successful and most historic team in the sport, winning a total of 16 constructors' titles and 15 driver titles. All that being said, they have fallen on hard times since their glory days with Schumacher, their last title win being in 2008, but they are working very hard on reforming the team and have two very strong drivers on their side. 2023 might not be their year but F1 being the way it is, no one can say what lies in store for 2024 and beyond.

Mercedes AMG

Mercedes has deep roots within the F1 community, but they’ve had a few years out of the sport since the 50s. Their latest and perhaps most successful reentry into the sport was back in 2010 when they acquired the winning team Brawn GP. They had successfully got Schumacher out of retirement and enjoyed some good years. But things changed from night to day for this team when a regulation change saw them rise to the top of the timing sheets. With the addition of the unstoppable force that is Lewis Hamilton, they won 7 drivers’ titles and 8 constructors titles consecutively. One of the most successful runs in the sports’ history. Sadly things aren’t looking so great for the outfit as they seem to have made some bad decisions with the design of their car following the regulations changes for the 2022 season.

Aston Martin

Another team with deep ties to the sport itself but is now one of the fresher teams on the current grid is Aston Martin. Their rebrand in 2021 from Racing Point to Aston Martin, resulted in a switch in team colours from pink to the iconic British racing green. After two challenging seasons in 2021 and 2022, the team is now enjoying a resurgence in the sport and it has become common to see the team wrestling for podiums along with the big teams.

McLaren

Entering the sport in 1966 and quickly becoming a household name in all things Formula 1, McLaren is yet another team with a historic run in the sport. Winning their first two titles in 1974 and 1976, the team rose to prominence once again in the 80s winning multiple championships thanks to the F1 stars Niki Lauda, Alain Prost and Ayrton Senna. Mclaren also had one of the most iconic liveries in the sport with their red and white look. While this team enjoys a legendary status in F1, the last time they’ve been on top was with Mika Hakinen in the early 2000s. Since then, a series of scandals and partnership blunders saw the team fall further down the grid.

Alpine

An old historic team with a fresh new look and name to go along with it, Alpine was known as Renault up until 2021. Renault have a long history in the sport and hopped in and out since their first entry in 1977. This team won their first victory on a rainy track in Hungary in their maiden year in F1 as Alpine but are now going through a bit of a rough patch with a far from optimal start to the 2023 season. Perhaps their only consolation can be found in the fact that their arch rivals McLaren are in a similar position. As Alpine struggle for points this season we can see that their efforts have unfortunately fallen somewhat flat.

Haas

Perhaps everyone’s favourite underdog, this American outfit has taken the world by storm since their entry in F1 in 2016. Thanks to the popular Netflix series, Drive to Survive, this team is privileged to have one of the most famous team principals ever in Guenther Steiner. Haas enjoyed some moderate success in their first few years in F1 but the 2021 season saw them end the season plumb last and some questioned the team’s future in F1. Since then the team seems to have enjoyed a slow but steady upward trajectory and in the cutthroat world of Formula 1, one can never know for certain what can happen in the coming few years.

Alfa Romeo

Alfa Romeo has a rich and successful history in the sport having won many races, but has been trailing at the back of the grid in most races in recent years. That said, it is still a very exciting team to keep an eye on, especially with its current driver pairing. The Swiss motorsport engineering company, Sauber Motorsport AG, doesn't feature in the team’s name anymore but they still operate the racing outfit. Alfa Romeo have enjoyed a reputation of adopting and nurturing young talent in the sports, with the likes of Michael Schumacher and Charles Leclerc both having spent some time honing their skills at the team.

Alpha Tauri

If you didn’t know Red Bull owned a Formula 1 team, we can only imagine your surprise when we tell you that they actually own two teams. Acquiring the team in 2006 from Minardi, they were renamed to Toro Rosso (Red Bull in Italian) and since then it has been a sort of B team to Red Bull where they nurture young talent in the hopes of getting them ready to become the next Red Bull racing stars. The team has since then rebranded itself to Alpha Tauri in 2021 to promote the clothing brand of the company (we thought they only made drinks too). Sporting a cool navy blue and white look, this team is where legends of the sport had their start such as 4-time world champion Sebastian Vettel and current champion Max Verstappen.

Williams

This one hurts to write, they’ve unfortunately been subject to one of the worst falls from grace by any team in the sport’s history. What new fans of the sport might find surprising is that Williams are the third most successful team in F1 history, behind McLaren and Ferrari. Founded by the brilliant Sir Frank Williams, the team has enjoyed premium success in the 80s and 90s. In fact Williams won nine Constructors' Championships between 1980 and 1997, an impressive run for sure especially seeing that team often trails behind everyone else. But it’s not all doom and gloom for the historic racing team, they have very quick drivers behind the wheel and the team is committed to once again be worthy of their glorious status.

Drivers

Now that we’ve covered all the current F1 teams, it’s time to shine a light on some of the more popular drivers that are currently racing on the grid. Formula 1 is unusual in the sense that your teammate is also your number one rival. In equal machinery, the first driver you have to beat is the driver in the other identical car. These athletes deserve all the praise they get, with their superhuman reflexes they drive on the absolute limit of what’s humanly possible.

Max Verstappen

Let’s start with the current champion: Max Verstappen. So far, he has two championships to his name and he seems to be on his way for a third together with Red Bull. He burst on the scene when he was just 17 years old and held the record for youngest race winner in F1 at just 18 years old. Max Verstappen is famous for his somewhat aggressive racing style which keeps all the fans on their toes but has landed him in hot water at times. He might not be everyone’s favourite but one has to admit that he is one of the most entertaining racers in the sport.

Sergio Perez

Also driving with Red Bull, Sergio Perez, also known as Checo, holds 6 race wins to his name and many more are on the way. He won his first ever race in 2020 in Sakhir, after an incident on lap 1 saw him tumble down to the very back of the grid. Through his brilliant racecraft, he was first to cross the chequered line at the end of the race. A driver with big talent, he always had the misfortune to drive for midfield teams and seemed like he would not be driving in F1 after being dropped by Racing Point in 2020. That’s when Red Bull called and he’s been racing for them ever since, him and Verstappen seem to make an unbeatable team.

Lewis Hamilton

This driver needs no introduction as one of the most decorated drivers in the sport, having over 100 wins and amassing 7 championships. Starting with Mclaren in 2007, he won his 1st driver’s title just a year later. Moving to Mercedes in 2013 and winning another 6 titles with the team, enjoying an era of dominance in the sport. Lewis is often referred to as the G.O.A.T. of the sport and it might be true. Ever since he narrowly missed out on the 2021 championship, Lewis has not yet won a race but one can never underestimate Lewis and Mercedes.

George Russell

After racing with Williams in 2019, he got picked up by Mercedes in 2022 which led him to his first race in Brazil. People speculated how he would deal with the pressure of being teamed up with the record-breaking driver, Hamilton, but it seems like Russell relished in the environment and beat his teammate in his maiden year with the team (placing 4th in the drivers’ championship while Lewis placed only 6th). Many see a future champion in George Russell and that may be true, if and when Mercedes solve their car problems.

Charles Leclerc

Charles Leclerc took the F1 world by storm when he entered in 2018, taking his car beyond its limits to secure very good results for his team. This wasn’t ignored as a year later he was promoted to Ferrari alongside 4-time world champion Vettel. After securing his first-ever win in the Formula 1 race at Spa, the driver achieved another victory just a week later on the renowned Monza circuit, Ferrari's sacred home turf. This exceptional performance made him an instant favourite among the passionate tifosi, and he subsequently became the first person to outperform Sebastian Vettel in a season while driving for the prestigious Scuderia. It’s been a tough uphill battle since then, as Ferrari hasn’t been performing at its best and is very prone to making bad strategy calls.

Carlos Sainz

Getting his debut in F1 in 2015 with Toro Rosso, he was quickly noticed for his consistent speed on track and his involvement with the team off track. After several points finishes with the team, Sainz moved further up the grid to Renault for a brief season then moved to McLaren. At McLaren, Sainz managed to grasp his first podium finishing 3rd in the Brazilian Grand Prix in 2019. His race pace didn’t go unnoticed and he was scooped up by the prancing horse, Ferrari in 2021. It had been a long time coming but Sainz finally got his mained F1 victory on one of the most iconic tracks on the calendar in Silverstone in 2022.

Fernando Alonso

Widely regarded as one of best drivers of the sport, Alonso’s career spans over three decades, performing at the highest level. Winning two consecutive championships in 2005 and 2006, his talent cannot be denied. One of the more colourful characters on the grid, Fernando never seems to disappoint when he’s on track. After a long and still ongoing career, Fernando raced for McLaren and Ferrari and even though he was super close, he never managed to secure another title. He currently races for Aston Martin and is surprisingly taking the fight to the big teams, even clinching a podium in the first few races of the 2023 season.

Lance Stroll

The only Canadian driver on the grid, for now. Lance is son of billionaire Lawrence Stroll, and thanks to the financial backing, Stroll never found it too hard to have a spot on the grid. Lawrence Stroll, in fact, owns a big part of the Aston Martin team, giving Lance some job security few other drivers can enjoy. Lance obviously earned his spot in F1 though, starting as one of the youngest drivers in F1 with Williams in 2017, he now has a few podiums under his belt. And with the way that Aston Martin of his is going round the corners, it may not be long till he’s up on those steps once more.

Lando Norris

Full-time driver and part-time game streamer, Lando is definitely a fan favourite. Entering the F1 scene with McLaren in 2019, Lando has matured to be the team’s number 1 driver. Despite his undeniable talent as a driver, his first F1 victory continues to elude him, though he did place 2nd twice. He narrowly missed out on his 1st victory in Russia 2021, when it started to rain and he refused to pit for wet tyres, effectively handing the win to Hamilton. We have no doubt that Norris will eventually have victories to spare, although it doesn't seem likely this year, until McLaren fix their car problems.

Oscar Piastri

Currently driving his first F1 season with McLaren, this driver showed so much promise that two teams squabbled over him in 2022, Alpine and McLaren. Oscar was on a one-way road to F1 after winning the Formula Renault Eurocup, Formula 3 and Formula 2 consecutively and after spending a year on the sidelines as Alpine’s reserve driver, he quickly jumped in on the McLaren seat when the opportunity presented itself. Piastri has already managed to impress this season. One can only imagine what his driving will be like once McLaren finally produces a competitive car.

F1 Schedule

As mentioned above, the F1 season usually starts in the beginning of March and goes on till the end of November with around 19-23 races taking place.

As a rule, F1 happens every two weeks, but double and even triple headers occur from time to time, meaning there’s two or three weeks with a race every weekend. This places the teams under tremendous pressure, as they would have to ship most of their equipment over large distances and be ready to operate at a high level with very little rest.

On paper, all F1 races are equal, as they offer the same number of points, apart from sprint weekends. That being said, there are some races that somehow feel more special than others and this is due to a variety of reasons.

Bahrain Grand Prix

This is a special race as it marks the start of the season. Fans will be thrilled to see the F1 grid back in action and the drivers and teams will be itching to get back on track and fight for points. The opening race used to be held in Australia (in Melbourne) so that track definitely deserves an honourable mention.

Monaco Grand Prix

Dating back to 1929, the Monaco Grand Prix is one of the oldest and most traditional races in motorsport, making it an integral part of Formula 1's heritage. Apart from the glitz and glamour the location offers, Monaco is special as it’s a street circuit with many tight and twisting turns. There is very little margin for error as the smallest miscalculation by the drivers can result in severe consequences. In short, it is a prestigious race stooped in F1 heritage, set in an almost idyllic paradise of the rich and famous.

Canadian Grand Prix

Known throughout the F1 world for its high-speed straights, tight chicanes, and challenging corners, the Circuit Gilles Villeneuve has been hosting F1 since 1978. A unique feature to the track is the so-called ‘Wall of Champions’ which is located on the last chicane right before the final straight. An extremely high-speed chicane which has claimed the ambitions of many greats such as Michael Schumacher, Damon Hill and Jaques Villeneuve. All told, it’s a highly anticipated event in the F1 calendar and often leaves fans on the edge of their seats.

British Grand Prix

Racing at Silverstone is always a treat. It is also one of the oldest tracks on the calendar and has witnessed countless legendary moments in F1 history. England is home to many F1 teams and drivers and these always show up trying to impress. Furthermore, a fun fact about the track is that all the corners have names. Instead of simply being called turn 1 or turn 12, they have names like Copse or Chapel.

Dutch Grand Prix

Set on the sandy coasts of the Netherlands, this is where all the Verstappen fans go WILD! Filling the air with orange flares (which were actually banned as of 2022 as the drivers and fans had trouble seeing), this F1 track is the only track on the calendar that has banked corners, allowing the drivers to turn at higher speeds.

Italian Grand Prix

Specifically Monza, home of the tifosi, the Ferrari fans and of course Ferrari. This track is filled with F1 history and is one of the quickest F1 circuits with long straights and super high speed corners. Seeing the cars race around this track is an ultimate feast for the senses.

Brazilian Grand Prix

Commonly known as Interlagos, the circuit features dramatic elevation changes with a mix of fast and technical sections which provide for thrilling and unpredictable racing. With its occurrence toward the end of the season, Interlagos has seen its fair share of action over the years and has often served as a crucial race in deciding the World Championship.

Las Vegas Grand Prix

Formula 1 will return to Las Vegas, marking the revival of a race on the famous strip. This event follows two previous races held in the Caesars Palace car park in 1981 and 1982.

The 2024 Las Vegas Grand Prix is the 22nd race of the Formula 1 season, scheduled to take place on November 23, 2024 on the Las Vegas Strip Circuit.

F1 Terms You Need to Know

Apex: The midpoint of a corner, drivers will want to hit this point in order to get a good exit out of the corner.

Backmarker: Drivers that are toward the last place in a race often get lapped during the course of a race.

Chassis: The main part of the car to which most other components are attached to.

Clean air: When the air in front of a car is not being disturbed by any other cars, thus leaving the driver with optimal racing conditions in terms of aerodynamics.

Degradation: Or sometimes simply called ‘deg’ is the tyre degradation on track. Too much of it and the tyres will start to lose performance.

Drag: A form of air resistance that slows the car down.

DRS: This stands for drag reduction system. When certain conditions are met, a flap in the rear wing of the car opens up allowing the car to go faster in a straight line.

Formation lap: A lap that takes place before the start of a race, during which, the cars drive around the track at reduced speed in a single file formation.

Paddock: The area within the circuit where team garages, hospitality areas, and other facilities are located. It serves as the central hub for teams, drivers, and personnel during race weekends and is not open to the public.

Parc fermé: A restricted area where cars are held under specific regulations after qualifying sessions. Once in Parc fermé, teams are prohibited from making modifications to the cars, ensuring fairness and preventing teams from gaining an advantage through last-minute adjustments.

Pit wall: An area along the pit lane where the team's management, engineers, strategists, and other personnel are positioned during the race. From here they will make important calls during the race and also give the drivers instruction.

Pole position: The first place on the starting grid, given to the driver who records the fastest lap in qualifying.

Retirement: When a car and driver have to drop out of a session for whatever reason.

Safety Car: The safety car is deployed during a race to control the speed and maintain safety in case of accidents, debris on the track, or hazardous conditions. When the safety car is on the track, all competing cars must reduce their speed, follow it in a line, and maintain a specified distance behind it until the hazardous situation is resolved.

F1 Scoring

Even though the F1 spectacle lasts a whole weekend, points can only be scored on the race on Sunday. Starting from the driver who finishes the race in first place gets 25 points, descending all through to the driver who finishes 10th who will only get 1 point. The drivers who finish from 11th to 20th do not score any points. There is also one additional point that will go to the driver who finishes with the fastest lap recorded during the race, however, the fastest lap point will only be rewarded if the driver is in the top ten.

F1 Tyre Strategy

One of the most important aspects of a Formula 1 team apart from the car and the driver is the tyre strategy the team chooses to go on. On any F1 weekend, the teams are given a limited amount of tyres and these come in soft, medium and hard compounds.

The soft is the quickest tyre as it reaches the optimal temperature early on and this offers the most grip. The trade off is that they degrade way quicker than the other compounds, meaning that the driver would have to pit for fresh tyres pretty quickly. The medium and hard tyres last longer but are therefore slower.

Therefore, a big part of choosing a strategy is which tyre compound to start with when to pit and what tyre compound to change to after pitting. Teams would have already planned out their strategy from before the race but anything can happen during. There might be a safety car, which makes the time lost during a pit stop decrease dramatically, or maybe the weather might change meaning the drivers need to pit for wet tyres.

The amount of data available to the teams is astronomical and they can usually make pretty good predictions on which tyre strategy is optimal, but one can never know the exact race conditions and that is why teams need to be quick on their feet to change strategies when the conditions have changed.

F1 Betting Tips and Tricks

If you’re considering betting on Formula 1, we’ve got a few tips and tricks to help you get started and hopefully get some good results.

Firstly, you can research and have a look at the recent teams’ and drivers’ performance. Additionally, you need to consider factors such as weather conditions, track characteristics, and team strategies that can impact race outcomes. It's also beneficial to follow F1 news and updates to stay informed about any developments that could influence races.

As for favourites for the rest of 2023, drivers from top teams like Mercedes, Red Bull Racing, and Ferrari, such as Lewis Hamilton, Max Verstappen, and Charles Leclerc, are expected to be strong contenders. However, keep an eye on rising stars and potential surprises, as Formula 1 can be unpredictable, and underdogs can sometimes deliver impressive performances.

Remember, successful betting in F1 requires a combination of knowledge, analysis, and a bit of luck.

Formula 1 FAQ

Why is Ford not in F1?

The last time Ford was in F1 was in 2004 when it operated and owned the Jaguar team, which was then sold to Red Bull. Ford has a long history in the sport and also dominated it in the 60s and 70s, winning many championships during that time. Ford fans can rejoice once again though, as they will partner up with Red Bull as from 2026.

Why did Mercedes leave F1?

Mercedes enjoyed big success in the 50s but they had left motorsports in general after the Le Mans disaster in 1955. The driver and 83 spectators lost their lives due to flying debris from the crash.

Do drivers pay to be in F1?

In general, drivers in Formula 1 do not pay to secure a seat with a team. Instead, drivers are typically selected based on their talent, performance, and potential to contribute to the team's success. However, it is worth noting that some drivers may bring financial backing or sponsorship deals to a team, which can help secure their position or contribute to the team's budget.

Is Audi joining F1?

Yes, Audi will join in 2026 in partnership with Sauber.

Has F1 ever had a female driver?

There hasn’t been a female driver for the last 40 years, but that could soon change due to F1 Academy which is an all-female racing series.

How long do F1 tyres last?

Team engineers would like to know the answer to this one too. In general, tyres last 20-50 laps but this is heavily dependent on the track, the weather and, of course, the tyre compound used as well as how hard the driver is racing.

Do F1 cars have v10?

Not anymore. The FIA had ruled these engines to be too strong and wasteful. F1 now races with 1.6 litre V6 hybrid engines.

What does DRS mean in F1?

DRS is an abbreviation for Drag Reduction System. Drivers can make use of this during certain parts of the track and when they’re within less than one second of the car in front of them. DRS is basically a flap that opens up allowing the car to go faster due to decreased air resistance. It was introduced into F1 to help with overtakes.

How fast do F1 cars go?

Modern F1 cars on average can reach speeds of around 360 km/h but can sometimes go even faster when the conditions are right. Valtteri Bottas achieved the highest recorded speed in a Formula 1 race during the 2016 Mexican Grand Prix, reaching an impressive 372.5 km/h

How much does an F1 car cost?

A lot. It is difficult to come up with an exact number as it all depends on many factors but in general F1 cars cost around $12-16 million USD.

Do F1 drivers have private jets?

Not all of them own a private jet like Max Verstappen but many certainly make frequent use of them.

Can you bet on F1 in Vegas?

Yes, of course! F1 will be racing in Vegas for the first time in 2023 and it is expected to be quite the spectacle.

What is the best F1 betting strategy?

We recommend doing some research on the recent form of some drivers and teams. It would also help to see who the favourites are and bet accordingly. Truth is, everything can happen in a race and there is not one best betting strategy.

Can I bet on F1 races outside of the season?

Yes, it is possible to bet on Formula 1 races even outside of the official season. While the majority of F1 betting activity occurs during the championship season you can still place your bets prior to this. It is not really advisable however as you’ll be betting with little to no information about the cars and drivers.

How many teams compete in F1?

Ten teams compete in F1.

How many drivers compete in F1?

Each team fields two drivers so there are 20 drivers currently racing in F1.

Learn more about sports betting in our guides