F1 betting odds at Betway

Enjoy the full potential of watching Formula 1 with Betway! We give you the chance to bet on the world’s most premier motorsport competition by using either our website or mobile app, with competitive F1 odds, stats and more. By reading our informative blog pages, with professional opinions and betting tips, you can be closer to the action than ever before

Follow every team and driver and make every race matter with our Formula 1 betting options!

F1 betting at Betway puts every race weekend within reach, from the first practice session to the chequered flag. You can bet on F1 race winners, fastest laps, head-to-head driver matchups and outright championship markets, with F1 betting odds on every Grand Prix of the season. Formula 1 betting is not just about who wins on Sunday: qualifying, podium finishes and points positions all have their own markets.

How to read F1 betting odds

In Canada, F1 betting odds are typically shown using the decimal format - to show the likelihood of each outcome happening. Decimal odds show potential winnings you could be earning in relation to how much you place on your bet. And they’re quite simple to interpret!

The decimal number represents your winnings if you wager $1. So, for instance, if you chose a winning bet at odds of 7.0, and wagered $1, you’d win $7: this is made of $6 in prize, plus your $1 stake. Similarly, if you place a $10 bet, you’d return $70 in total, including your $10 stake. 

Alternatively, depending on your settings, you may see American odds. Here, a minus number shows how much you would need to wager to win $100, and a plus number shows how much you would win from a $100 wager. As an example, a driver at +600 is the same price as 7.0: a $1 wager would return $7, made up of $6 in profit plus your $1 stake. A favourite at -150 (1.67) needs a $150 wager to win $100 in profit, and that price implies roughly a 60% chance.

Formula 1 betting lines cover a lot more than the race winner. On a typical Grand Prix weekend you'll find lines on pole position, podium finish, points finish, fastest lap and head-to-head driver matchups, where two drivers are paired off and you back the one who finishes ahead. Head-to-heads are usually priced close to even, something like -115 (1.87) against -105 (1.95), while a race winner market runs from a short favourite to long prices on the midfield. All prices here are illustrative only.

Learn more about how betting odds work!

How to bet on F1

As sponsors of the Atlassian Williams F1 Team, Betway is the best place to bet on Formula 1. Betting on Formula 1 has also never been as easy as it is with us at Betway. Both our website and app are custom made for your comfort, with user-friendly interfaces that make betting both smoother and simpler.

Betway also became Formula 1's first Official Betting Operator in 2026, a multi-year partnership with the sport itself that covers Canada among other regions.

Our F1 odds page offers everything you could want, right from the World Championship and Constructors Championship winners to individual race winners and podium finishers. Don’t miss the opportunity to join now by either registering online or downloading our app via the App Store or Play Store!

Also have a read of our guide on how to bet on Formula 1 for more information!

If you're searching for F1 betting Canada-wide, note that Betway is a licensed and regulated online sportsbook, and players of legal age in their province can open an account and bet on F1 with us.

Popular F1 betting markets

Betway is home to every market a punter can want and need, regardless of the type of punter you are. Our coverage allows everyone to get in on the Formula 1 action. Read below to find out some of our more popular F1 betting markets that might interest you!

F1 race bets explained

Where a driver finishes in a Formula 1 race is never guaranteed, with many factors outside of skill having to go in a drivers favor for them to have a good race. Whether it is pit stop times, tyre strategies, or even the weather, all of these will impact how a race goes. From race winners and podiums to who finishes in the points, it’s in your hands to decide where any driver can place come the end of each race.

With all this in mind betting on F1 races can be challenging, but that is exactly why it is one of the most thrilling sports to place bets on. Check out all the latest F1 odds for race bets on the Betway app or website!

Race weekend markets open ahead of practice and stay up through qualifying, so the F1 bets you place on a Thursday can look very different by Saturday evening once the grid is set. A driver on pole will usually shorten for the race win, while a big name starting from the back drifts, and that is where a points finish or a head-to-head can make more sense than the outright winner. Live betting is also available on race day.

F1 Drivers' Championship betting

After Lando Norris broke Max Verstappens streak of four Drivers Championships in a row, it opens the door for other drivers to challenge for the top prize as well. After a disappointing end to an impressive campaign, Oscar Piastri will also surely have a point to prove going into the 2026 season. The new regulations will certainly keep things interesting as all drivers have to get comfortable with a new type of car.  

Considering all this, it has teed up a season with plenty of twists and turns along the way, and the Drivers' Championship market stays open right through to the finale, with the odds on each contender moving after every round.

F1 Constructors' Championship Betting

The Constructors' Championship is the team prize: both of a team's drivers score points in every race, and the team with the most points at the end of the season takes the title. McLaren are the reigning champions after their 2025 win, and with Cadillac joining the grid in 2026 as an eleventh team under the new regulations, there is more to weigh up than usual. The outright market opens before the first race and shifts after each Grand Prix as the points table takes shape, so a team that starts the year at, say, -200 (1.50) could be much longer or much shorter by the summer break.

The Best F1 Races to Bet On

The F1 calendar has many impressive races that produce some of the best viewings of any sport. Arguably the finest of the lot is The Belgian Grand Prix, Spa, which is a track adored by many. Having a good blend of long straights, sweeping corners, and overtaking opportunities paired with a chance of rain, it's always unpredictable and a great watch.

Silverstone is another fan favourite, being a track that can also have rain thrown into the mix as well. The British Grand Prix offers famous corners such as Maggots and Becketts and, like Spa, it allows for high-speed racing and encourages overtaking, providing drivers with multiple opportunities.

Another race worth mentioning here is Abu Dhabi's Yas Marina. This is a track which can be an enthralling viewing, not necessarily for the track alone, but primarily due to it being the last race of the Formula 1 season. Being the season's finale, over the years it has been the race that decides the Drivers' Championship, meaning there is a lot that can be on the line for the season and many invested bettors!

Where to find the latest F1 betting tips?

Betway Insider’s blog page has everything you need to know about Formula 1 odds and betting. Whether it’s tips, the latest F1 odds, or even statistics, we have it all in one place to make your betting experience as smooth and simple as possible.

Make sure to give yourself the best chance at making profitable bets by checking out our Formula 1 page on Betway Insider.

If you're wondering where to bet on F1, the things worth comparing across Formula 1 betting sites are much the same as for any sport: coverage of every Grand Prix weekend rather than just the headline races, a mix of race-by-race and season-long markets, head-to-head driver matchups, prices that are refreshed through practice and qualifying, live betting on race day, and responsible gambling tools such as deposit limits. Betway covers all of these for Formula 1 bets, on the site and in the app.

Can I use the Betway app to place F1 bets?

Absolutely! The Betway app can be used to place F1 bets. Our app allows you to always have easy access to F1 odds and live betting. We make it so that if you’re at home or out and about, you can stay in touch with the F1 betting action no matter where you are.