How to Bet on F1
F1 is one of the most premier forms of motorsport racing in the entire world. Formula 1 consists of a series of races, known as Grand Prix races that take place on purposely built race tracks or closed public roads, which makes for an extremely fun and fast sport to watch.
There are plenty of gearheads that love to watch an F1 race play out in front of them on the TV screen, and even more people love to bet on the sport of F1. If you're new to betting on F1 or racing in general, learn how to bet on F1 by following the steps below.
Choose a Legitimate Sportsbook
The first thing you must do if you want to bet on F1 is to find and choose a legitimate sportsbook that meets your requirements. You may be looking at things like the best odds, best mobile apps and best interface, but the place you should start your search is whether the sportsbook has a gambling license from a reputable regulatory agency.
This gambling license will assure players that the sportsbook they are playing at is fair, gives them a legitimate chance to win, and won't compromise or steal their personal and/or financial information. If a sportsbook has one of these licenses, they will likely display the information prominently on the homepage of their website and mobile apps.
Make sure that you only bet on F1 at one of these legitimate sportsbooks, and avoid those that don’t have a license at all costs.
Open an Account
Now, it's time to open an account at this legitimate sportsbook. The sign-up process will be relatively similar no matter which sportsbook you choose, and it'll be pretty straightforward.
To sign up, you'll need to provide your basic personal information including your legal name, address and an email address. You'll also set a username and password, which you'll use to log into the site every time you want to bet on F1.
The sportsbook may have you upload a copy of your photo ID to verify that the information you entered matches what's on your legal ID. This process should only take a few minutes to complete, and then your account will be set up.
Get a Welcome Bonus
At this point in the sign-up process is when you'll get a Welcome Bonus. Some sportsbooks will require you to enter a promotional code to qualify, while others will have you qualify automatically.
Most Welcome Bonuses work as a match bonus on your initial deposit. For instance, they may match your first deposit 100% up to a certain amount, such as $400. So, if you deposit $400 into your account, the sportsbook will match that and give you another $400 with which to bet on F1. If you deposit $500 in your account, your bonus would still be $400, since that is the maximum.
There are other potential types of Welcome Bonuses, including free bets and risk-free bets. Check the sportsbook's details on the Welcome Bonus to find out what you'll be getting, and also read through the terms and conditions so you know what the wagering requirements are for the bonus.
To actually get the Welcome Bonus, you'll have to deposit funds into your new sportsbook account. This is a quite simple process. First, make sure that the sportsbook you chose offers the payment method that you prefer. Most will offer common payment methods such as direct bank transfer, credit and debit cards, and third-party payment processors such as PayPal.
The sportsbook will require you to enter your payment account's credentials or to log in to the site through a secure portal. After the payment account is connected, you'll simply enter the amount that you want to deposit and click submit.
The payment should only take a few minutes to process. After that point, the money as well as the Welcome Bonus will be available in your account almost immediately for you to use.
Start Betting on F1
Once the money has cleared into your account, it's time to start betting on F1. After you log into your sportsbook account, you can find all the available F1 bets by navigating to the motorsports page, which you can find through the site's navigation bar.
Once there, you'll be able to see all the main bets for the top events that are upcoming. Clicking through to an individual event will likely give you more bets that you can make, including some alternatives and props. Once you have found the bet that you like, click on it to add it to your betting slip. After you enter the amount you want to bet, the bet slip will update the potential payout amount based on the odds for that specific bet. Then, click submit and your bet will be accepted. All that's left to do now is sit back and enjoy the race while you root for your bet.