Formula 1 has a massive global following, making it one of the most popular sports worldwide. Over the last decade, the F1 betting market has grown exponentially, becoming a favorite among fans worldwide, including South African motor racing enthusiasts.
At the start of each new Formula 1 season, fans demonstrate their love and enthusiasm for their favorite teams. The races attract millions of viewers globally, including tens of thousands of bettors. As the 2023 season approaches, Ferrari, Red Bull, and Mercedes seem to be the top contenders, with other teams trailing behind and ready to disrupt the competition.
At the start of every season, numerous F1 fans place bets to add excitement to the event. As a result, many place wagers on the race winner and final world championship markets. In our F1 Betting Guide, we’ll delve into the various betting markets, where to place bets in South Africa, and more.
Formula 1 Betting Options and Markets
In Formula 1 betting, you can place bets on the outcome of individual races and the championship as a whole. In the championship format, you can predict which driver will become the champion over the course of the Grand Prix calendar. Additionally, you can also place bets on which drivers will finish in the top 6 or top 3 at the end of the season, as well as which drivers will come in first and second in the championship.
Let’s explore the various F1 Betting Markets in more detail in our F1 Betting Guide:
- Pole Position: This is a popular market where you can bet on the driver who will qualify for the Grand Prix in pole position.
- Top 3: This market is a safer betting option as it involves predicting the drivers who will finish on the podium.
- Race Winner: Here, you place a bet on the driver who will win the race. The odds for this market change both before and during the race, allowing for live betting possibilities.
- Fastest Lap: This market is focused on the driver who will complete each lap of the race in the quickest time.
- Driver’s Championship Winner: This market supports the best driver in the world and the odds change as the racers rise to the top of the rankings throughout the year.
- Constructors Championship Winner: Thanks to dynamic odds provided by bookmakers, you can bet on the best team of the season at any stage of the year.
Formula 1 Betting Odds
Bookmakers use Formula 1 odds to indicate the probability of a specific event occurring during a race or season. Bookmakers evaluate the likelihood of an event based on their own estimations, and there is often a variance in what odds are offered between the different South African betting sites. In Formula 1, each bookmaker offers a range of markets. Some only offer odds for the race winner, while others provide many more options, such as predicting the fastest driver.
Formula 1 Betting Sites in South Africa
If you’re looking to place your F1 bets in South Africa, there are several excellent betting sites available. It’s worth shopping around to find the one that best suits your betting needs, but the following bookmakers have specific F1 promotions:
Bet.co.za: With their Formula 1 Frenzy promo, you can receive a R100 free bet if you place R1000 in Formula 1 wagers in a single week. Bet.co.za has many other promotions available for sports fans of all kinds. Find our more about bet.co.za in our bet.co.za review.
Gbets: Gbets offers a Podium Sitter promotion, which provides a reimbursement of up to R1000 if your driver places first. They also offer the Full Sweep promotion, where you can triple your earnings up to R2000 if your chosen driver completes a full sweep on the weekend. Find out more about Gbets in our Gbets review.
Lulabet: Lulabet offers fantastic F1 betting markets with enhanced or boosted odds for races. They also have a great welcome offer for new players, who can claim a R250 free bet when signing up and betting R250 on sports. Additionally, they offer a bet R50 get a R50 free bet promotion, which is perfect for those looking to bet on F1. Find out more about Lulabet in our Lulabet review.
Get those F1 Bets on
We trust that this F1 Betting Guide has been informative and has provided you with a better understanding of the available betting markets. As you can see, there is a wide range of markets to suit any Formula 1 enthusiast.
It’s important to note that there is no single sportsbook that is ideal for everyone. The best betting site for one bettor may not be the best for another. To find the top betting sites, it’s a good idea to begin by checking out our bookie listings, which are organized by favorite sports, as well as our comprehensive reviews.
Over 15 years of experience in the sports and casino betting industry. I cover everything from casino games, crash games, slots and betting tips. Now Author for The Gambler.
