Written by
Chris Flavell
Last time updated
09/09/2024
Aussies love Formula 1! We have our own Grand Prix and many great drivers over the years. Lots of bookies offer F1 betting in Australia. Below you can find the list of the best F1 betting sites.
When making the list of the best Formula 1 betting sites we thought about everything that may affect your betting experience, which includes site design, load speed, bonus bet offers and additional features. Quality of odds and selection of markets also played a pivotal role in the creation of this list, so you can be sure that all of the selected bookies are first-class.
If you want to get more in-depth knowledge about any of these operators, don’t hesitate to check out some of our bookmaker reviews. After reading some of them, you should have enough insights to make an informed decision about which F1 betting site to pick.
bet365 Is the Top F1 Betting Site
Formula 1 is a global sport with racing tracks scattered around the world, so the best choice for F1 betting would be a huge international bookie such as bet365. They have lots of experience with wagering on big sports events, meaning that the level of service they provide is unmatched. From selection of F1 bets to quality of odds, bet365 offers everything a motor racing fans can wish for.
They are a super reliable bookmaker with a perfect track record, so you don’t have to worry about security. Cashier supports around 15 payment methods and customer support is available 24/7. If you like to wager on the go, note that bet365 has released native apps for Android and iOS platforms, on top of the mobile-friendly website.
If you’re one of the people who enjoy wagering on the go, you should be pleased with the selection of Australian betting apps available on the market. Every bookie from our list has both web-based and native apps on offer, which makes mobile betting exceptionally convenient.
When it comes to mobile betting on Formula 1, the best option is Unibet. They are known for being one of the finest bookmakers in Australia, so it’s not a surprise that they have come up with such a great betting app.
To download their native app for iOS, just head out to the Apple App Store. On the other hand, Android users can get the app from the Unibet site or from the Google Play Store. This is a very simple process. Follow the instructions and you’ll be ready to start with F1 betting in no time. Scroll below to discover how the Unibet app looks.
The Unibet app is available for Android and iOS devices and is quick and easy to use. You get everything you’d have on the desktop site but can bet and watch live streams from wherever you are.
F1 Odds
Betting on F1 includes lots of events, odds, and markets, so it’s virtually impossible to claim that one bookie always has the best prices. And since this is such a popular competition, you can find F1 odds even at new online bookmakers.
But this shouldn’t discourage you from trying to find the best Formula 1 odds out there. We highly recommend you shop around and cross-compare odds before every bet.
It can be a dull and time-consuming process, but it always pays off. Once you start doing it, you’ll be surprised how F1 betting odds can be different depending on a bookmaker. We will show you how to conduct and odds comparison test in the next paragraph, so don’t miss to give it a look.
Formula 1 Odds Comparison
As you can see from the table below, outright F1 odds can be very different from bookie to bookie. Same goes for any other market, which means that shopping around for the best odds is a must.
We looked at the outright odds for the 2024 Drivers Championship to highlight how comparing odds can boost potential profits for the exact same wager. As you can see below, if you fancied Max Verstappen to take the title then you’d be better to back with Unibet. If you think Lando Norris can secure the championship then you should wager with Palmerbet.
Our Formula One betting experts will make sure they bring you their top tips for big races. These will be based on driver form, race conditions and other key factors for finding value selections. We will also highlight where you can find the highest odds for any selection we put forward.
Betting Strategy
Formula 1 can seem a predictable sport from the outside, but guessing the outcome of any race is much easier said than done given the many factors at play. That’s why we have asked our motor racing experts to provide some actionable F1 betting tips that can help you find high-quality bets. This advice can apply to any race, so keep them on your mind every time you’re about to place an F1 bet. Without any further ado, here are our top 3 F1 betting tips.
Focus on stats – Formula one is a data-driven sport, so just by looking at stats, you can uncover many of its mysteries. Don’t forget to consider stats from previous races as well, since they can tell you so much about drivers’ current form.
Keep track of the weather – The whole dynamic of a Grand Prix can depend solely on the weather. Not only that, some of the drivers prefer dry or wet tracks, but raining also increases the chances of a crash. Some of you may still remember what happened in Belgium in 1998 when rain caused havoc and a totally unexpected winner.
Know the racing track – Apart from the fact that certain drivers prefer certain tracks, the design of the circuit itself can greatly influence who will win in the end. For example, Spanish Grand Prix is almost always won by a contender with the pole position, since it’s very hard to overtake. On the other hand, Canada Grand Prix is the complete opposite.
F1 Betting Markets
The sheer number of markets available for online betting on Formula 1 can look intimidating for beginners. Plus, they look quite different than something you can find at NRL or AFL betting sites!
All of the bookmakers from the list above offer tens of different bet types, starting from outright winner to pole position and betting on whether the safety car will appear during the race. In the next few paragraphs, we will point out some of the most popular F1 bets and explain how you can leverage them for maximal profit.
Outright Markets
The most widely known F1 betting markets are the outright drivers’ and constructors’ markets. You can bet on the outright winner of the Championships, or alternatively, you can bet on the winning driver or team for individual races. These F1 bets come with huge prices, so finding the best odds is imperative. As we showed in the odds comparison test, bet365 and Unibet usually have the top offers.
If you are betting in outright markets, it’s wise to wait until a couple of races have been completed. Patience is key because patterns will emerge regarding driver form and team reliability. If you react quicker than the bookies to how things are developing during the season, you may well find some value in the F1 outright drivers’ and constructors’ betting markets.
Fastest Qualifier
This is a really interesting F1 betting market because odds less often depict the actual state on the tracks. Bookies sometimes overestimate (or underestimate) the chances of certain drivers or teams, so this is where you have a shot to score a big takeaway.
When betting on who will win the pole position, you should keep a close eye on the practice sessions. Some cars are really suited for certain track styles, and this only becomes apparent during practice. Don’t be afraid to take a chance on a driver at a high price if he catches your eye during the training. If there is going to be an upset, it will most likely happen during qualifications.
Safety Car Market
Another market where you can snatch a profit is the safety car appearing market. As the name suggests, in this market you bet on whether the safety car will appear during a Grand Prix. Depending on the circuit, the odds can be quite decent in this market. Looking back at previous results and races can often point punters in the right direction.
If a circuit has a reputation for producing accidents, like in Baku for example, the chances are that the safety car will show up. However, even the safest of circuits can become lethal if it rains so it could pay off to keep a close eye on the weather forecast in the lead-up to the race. If the heavens open, the chances of the safety car appearing increase massively.
Fastest Lap
F1 is all about speed and reliability, but in the fastest lap market, the main attribute you should be looking for isquickness. Some cars are speedier in straights, while others are nippy going around corners, so always make sure to study the track to see what attributes will be required to set the quickest lap.
You will always find clues by watching practice and qualifiers. The cars best suited for that particular track will usually come to the fore. If you spot that one of the vehicles has the upper hand, don’t hesitate to back it up in the fastest lap market.
Live Formula 1 Betting
The Interactive Gambling Act strictly forbids betting sites in Australia from facilitating live online betting on their desktop or mobile platforms. However, it is still possible to place live bets on F1 over the phone. If you sign up with any of the bookies from the top of our list, you will be able to view live betting odds on desktop and mobile.
To place a bet, you need to pick up the phone. Most of the Aussie bookies use a system like this to get around the rules on live F1 betting. The phone number for in-play betting is usually displayed just beside live odds, meaning that you won’t have to wander around searching.
That said, if online betting online is a must then the only place to look is Betfair. This is the only bookies where you can wager without having to call to confirm your bet. Because it is a betting exchange that sees you betting against other punters it is not held to the same restrictions.
Betfair is the only bookie in Australia where you can place live bets online. You can still bet in-play with the other bookies we recommend but you will have to pick up the phone to confirm your wager. Betfair allows you to stake in just a few clicks.
Live streaming has become an increasingly popular feature on Australian betting sites. However, at the time of writing this article, we couldn’t find a bookie that’s airing Formula 1 races. Operators like bet365 and Unibet are the best when it comes to live streaming bookies and have streams on offer for plenty of sports, including rugby, cricket, soccer, and horse racing. So, it isn’t impossible that they will introduce F1 as well at some point. If that happens, we will be first to let you know.
History and Records
Formula 1 was first launched in 1946, just after WWII had finished. In 1947 the Drivers’ Championship was introduced, and the rest is history. The first official F1 Championship race was held in 1950 at Silverstone, while the Constructors’ Championship was introduced in 1958. The maiden champion driver in 1950 was the Italian legend Giuseppe Farina for Alfa Romeo.
Australia has a proud tradition of producing top F1 drivers, with Jack Brabham, who won 3 Drivers’ Championships being the most famous one. Alan Jones is another Aussie native F1 Champion. Mark Webber won quite a few Grand Prix races, while the top current driver from Australia is Daniel Ricciardo. For more interesting Formula 1 records, stats and facts, you can take a look at their official website.
The Australian Grand Prix
It’s not just the Aussie Formula One drivers that put their country in the spotlight. The Australian Grand Prix is one of the oldest racing events still being held in Australia and is a much anticipated annual contest in the F1 calendar. The race was held in Adelaide originally but has been held in Melbourne since 1996. Michael Schumacher and Aussie Lex Davison have claimed the most victories in the race with four each.
Greatest Upsets in F1 History
Nobody loves upsets more than punters. Luckily, Formula 1 throughout its history had a lot of memorable moments when underdogs ended up on top. These moments of glory are the main reason why F1 stays the most beloved motor racing event in Australia, even more popular than the famous Bathurst 1000. Here are our top 3 of the most exciting upsets to ever happen in F1. Situations like these can happen at any time, so don’t ever underestimate the underdogs when online betting on Formula 1!
Brawn GP in 2009 – A newcomer to F1 who managed to rise to the top in its first and only season! We still remember Jenson Button’s amazing drives when he won 6 out of 7 first races.
Oliver Panis at Monte Carlo Grand Prix in 1996 – The first and only Grand Prix title for Panis came on famous Monte Carlo track. Series of circumstances lead to him winning the race from an only fourteenth position, which makes this triumph even more fascinating.
Jordan’s 1-2 finish in Belgium in 1998 – After a famous 14 cars crash on the Spa-Francorchamps track, massive underdog Jordan managed to snatch their first and only 1-2 finish. Until this day, it stays one of the most fascinating victories in the history of F1.
Conclusion
The best bookies have Formula One markets and odds well covered for those that want to bet and this high-octane action. The best F1 betting sites in Australia don’t just have top prices but also come with a host of excellent features for punters to enjoy.
We considered all of these when comparing the top choices. All of the bookies on our recommended list have excellent apps, promotions, odds boosts and stats to make betting on F1 even easier.
We have listed the best F1 betting sites for Aussie punters. Take a look at the full list!
Several solid Australian betting sites are offering an option to bet on Formula 1. We have done comprehensive research to determine which ones are the best and bet365came on the top of our list. If you want to see what other sites are a great choice for F1 betting, check out our ranking of the best F1 bookies at the beginning of this article.
Which bookie offers the highest F1 betting odds?
Since prices are always changing, it’s hard to say which bookie is always offering the most favourable F1 odds. That’s why you should do an odds comparison test before each bet, just to make sure you’re getting the best deal available.
What is the best app for betting on F1?
There are a plethora of great bookie apps available for Aussie punters, but when it comes to betting on F1, Unibet is a clear choice. They offer an extensive set of odds and markets on all F1 races, all packed inside of a user-friendly mobile interface. For more info, check out the article above.
What are the most popular F1 betting markets?
F1 betting enthusiast has tens of exciting markets on their disposal at any of our best bookmakers. Apart from the usual outright markets, you can also bet on the fastest lap, fastest qualifier or even whether a safety car will show up or not. Check out the article above for more info about F1 betting markets.
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