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Formula 1 Betting 2021 – Top F1 Betting Sites for Canada

The thrill of betting on F1 is like no other sport. The pinnacle of motorsport, F1 betting offers Canadian players the opportunity to bet online across hundreds of markets, including in-play opportunities. Our betting guide provides:

  • Formula 1 betting advice and how the odds work
  • What Formula 1 bonuses are available
  • Champions, background, and a history of the motorsport
TOP F1 BETTING SITES FOR CANADIAN PLAYERS
Maple Leaf Icon CANADA'S FAVOURITE
1
Maple Leaf Icon
CANADA'S FAVOURITE
Betway Sports
2006
Bonus C$300
Paytime 24 hrs
Payment Methods
interac
instadebit
idebit
visa
NHL - Money Back if your team loses in overtime
interac
instadebit
idebit
visa
Payout 100%
NHL - Money Back if your team loses in overtime
2
Spin Palace Sportsbook
2001
Bonus C$250
Paytime 24 hrs
interac
idebit
visa
mastercard
interac
idebit
visa
mastercard
Payout 100%
3
Casumo Sports
2012
Bonus C$250
Paytime 24 hrs
idebit
visa
mastercard
muchbetter
idebit
visa
mastercard
muchbetter
Payout 97.17%
4
MansionBet Sportsbook
2003
Bonus C$100
Paytime 24 hrs
interac
visa
mastercard
muchbetter
interac
visa
mastercard
muchbetter
Payout 100%
5
888Sport
2008
Bonus C$250
Paytime 24 hrs
interac
instadebit
idebit
visa
interac
instadebit
idebit
visa
Payout 100%
6
Sports Interaction
1997
Bonus C$100
Paytime 3 days
interac
echeck
instadebit
idebit
interac
echeck
instadebit
idebit
Payout 97.22%
7
22Bet Sports
Bonus C$300
Paytime 1-2 days
visa
mastercard
paysafecard
ecopayz
visa
mastercard
paysafecard
ecopayz
Payout 100%
8
MrPlay Sports
2017
Bonus C$200
Paytime 1-3 days
interac
visa
mastercard
muchbetter
interac
visa
mastercard
muchbetter
Payout 100%
9
Leo Vegas Sports
Bonus C$300
Paytime 5 days
interac
instadebit
idebit
visa
interac
instadebit
idebit
visa
Payout 100%
10
Pinnacle Sports
Bonus None
Paytime 5 days
interac
echeck
instadebit
idebit
interac
echeck
instadebit
idebit
Payout 100%

How we Review the Best Formula 1 Betting Sites

  • Security
    Security:

    does the site provide a safe gambling environment with encrypted servers that protect your account?

  • Customer service
    Customer service:

    professional and friendly support being available in a variety of forms 24/7 is essential

  • Bonuses
    Bonuses:

    a welcome offer as standard, but other promotions that give you every reason to come back and bet again

  • Licenses
    Licenses:

    Canadian gambling authorities have given the site their thumbs up, so it’s legal to use in the region

  • Markets
    Markets:

    a great range of Formula 1 odds to bet on throughout the season

How to Sign Up to a Formula 1 Betting Site

  • Formula 1 Betting Site - Fact 1

    Choose one of the best Formula 1 betting sites we recommend on this page

  • Formula 1 Betting Site - Fact 2

    Find the ‘sign up’ button on the homepage. It should be clearly displayed

  • Formula 1 Betting Site - Fact 3

    A registration form needs filling in with your personal details

  • Formula 1 Betting Site - Fact 4

    Create a password for your betting account, usernames and pin numbers may be optional to give extra protection

  • Formula 1 Betting Site - Fact 5

    Security questions and answers can add even more levels of safety

  • Formula 1 Betting Site - Fact 6

    Promo codes to activate welcome bonuses may be needed

  • Formula 1 Betting Site - Fact 7

    Agree to the terms and conditions of the betting site and verify you’re old enough to gamble in Canada

How Formula 1 Odds Work

In order to understand Formula 1 odds and how betting on motorsport works, we’re going to walk you through an example:

Lewis Hamilton
Lewis Hamilton
2.75
Sebastian Vettel
Sebastian Vettel
3.50
Charles Leclerc
Charles Leclerc
4.50
Valtteri Bottas
Valtteri Bottas
5.00
Max Verstappen
Max Verstappen
21.00
Bar
Bar
101.00

This is a typical betting market on a Grand Prix race. Only five drivers are rated less than 100-to-one chances to win.

Lewis Hamilton is the favourite because his odds are the smallest. For every C$4 staked on the British driver, you would win C$7 and receive total returns of C$11 if he crosses the line first.

Of the five drivers we’ve quoted prices for, Max Verstappen is the outsider. The same C$4 stake would return C$84, meaning C$80 in profit if he wins the Grand Prix.

Decimal odds are used in our example because they’re the most common for Formula 1 betting in Canada. Fractional prices may appear on some British-based sportsbooks. For more on comparing different ways of expressing F1 betting odds, see our calculator.

Formula 1 Betting Options

Want to know what are some of the most popular Formula 1 odds and bet types available? Check these out:

  • Grand Prix winner

    Grand Prix winner

    Which driver will win a Grand Prix race?

    Eg: Lewis Hamilton
    to win the British Grand Prix
    Lewis Hamilton to win the British Grand Prix
    2.75
  • Fastest qualifier

    Fastest qualifier

    Which driver will qualify for a Grand Prix with the fastest time, and thus be on pole (unless given a grid penalty)?

    Eg: Valtteri Bottas
    Valtteri Bottas
    4.00
  • Top three finish

    Top three finish

    Can the driver make the podium and finish a Grand Prix in the top three?

    Eg: Daniel Ricciardo
    Daniel Ricciardo
    21.00
  • Winning team

    Winning team

    Which constructors will the winning driver represent in a Grand Prix race?

    Eg: Ferrari
    Ferrari
    2.10
  • Not to finish

    Not to finish

    Will a driver fail to complete a Grand Prix race?

    Eg: Lance Stroll
    Lance Stroll
    3.00
  • Winning nationality

    Winning nationality

    Which country does a winning Grand Prix driver represent?

    Eg: Finnish winner
    Finnish winner
    4.50
  • Drivers' Championship winner

    Drivers' Championship winner

    Futures betting should be available throughout the season on which driver will be crowned outright world champion.

    Eg: Sebastian Vettel
    Sebastian Vettel
    6.00
  • Constructors' Championship winner

    Constructors' Championship winner

    As above, a futures market should also be there on which constructor will be crowned world champion.

    Eg: Mercedes
    Mercedes
    1.50

F1 Betting Bonuses Explained

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

    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 Formula 1.
  • Enhanced Odds

    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

    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.

Mobile Formula 1 Betting

Betting on smartphones and tablets is the number one way to gamble in 2021. They are very much part of our daily lives, and it is a convenient way for gamblers in Canada to bet. Here are a few advantages for Formula 1 betting via your mobile device:

  • The vast majority of sportsbooks dedicate their time to updating and building the best betting apps, which can be used on an iPhone, iPad or Android device.
  • The betting apps are free to download, taking only a few clicks to set up your login details.
  • As long as you have a steady internet connection, you can bet on F1 wherever you may be.
Mobile Betting

Sports Guides

What is Formula 1 Live Betting?

  • Gambling on Grand Prix races can continue right up until the chequered flag
  • Formula 1 live betting is available throughout races and supplement regular fixed odds prices nicely
  • Sportsbooks traders are constantly updating odds as drivers race around every corner of the circuit
  • The in-play nature of Formula 1 live betting creates extra excitement
  • Popular markets include race winner and top three (podium) finish
Live Formula 1 Betting

Top 10 Formula 1 World Drivers' Champions

  • Michael
    Schumacher
    Michael Schumacher
    7 times
  • Juan Manuel
    Fangio
    Juan Manuel Fangio
    5 times
  • Lewis
    Hamilton
    Lewis Hamilton
    5 times
  • Alain
    Prost
    Alain Prost
    4 times
  • Sebastian
    Vettel
    Sebastian Vettel
    4 times
  • Jack
    Brabham
    Jack Brabham
    3 times
  • Jackie
    Stewart
    Jackie Stewart
    3 times
  • Niki
    Lauda
    Niki Lauda
    3 times
  • Nelson
    Piquet
    Nelson Piquet
    3 times
  • Ayrton
    Senna
    Ayrton Senna
    3 times

Formula 1 World Constructors' Championship Winners

These 15 constructors of Formula 1 cards have all won the world championship:

  • Ferrari
    Ferrari
    16 times
  • Williams
    Williams
    9 times
  • McLaren
    McLaren
    8 times
  • Lotus
    Lotus
    7 times
  • Mercedes
    Mercedes
    5 times
  • Red Bull
    Bull
    4 times
  • Cooper
    Cooper
    2 times
  • Brabham
    Brabham
    2 times
  • Renault
    Renault
    2 times
  • Vanwall
    Vanwall
    1 time
  • BRM
    BRM
    1 time
  • Matra
    Matra
    1 time
  • Tyrrell
    Tyrrell
    1 time
  • Benetton
    Benetton
    1 time
  • Brawn
    Brawn
    1 time

FAQs

How does Formula 1 betting work?

Find the wager you want to place from Formula 1 betting odds and add it to your betslip. Enter you stake – that’s the amount of money you’re gambling – and place the bet.

What are the best sites to bet on Formula 1?
Can I bet on Formula 1 on mobile?
What are the most popular Formula 1 bets?
Is Formula 1 betting legal in Canada?
What is Formula 1 live betting?