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!

How to read Formula 1 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, in the UK, you may see fractional odds. Here, the number shown on the left-hand side of the fraction will show possible profit you can make should you stake the number on the right-hand side of the fraction. As an example, if the odds for your bet are 6/1 then you would receive $7 if you wagered $1. Out of this total, $6 would be profit and your $1 wager would be returned as well.

Learn more about how betting odds work!

How to bet on Formula 1

As sponsors of the F1 team Williams, 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.

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!

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!

Race bets

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!

Drivers' Championship

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 is teeing up a season that will be sure to have many twists and turns along the way.

Which are the most exciting 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 mention 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 any 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.

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.