How Do You Bet On the Formula 1 World Championships?

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Haas driver Nico Hulkenberg of Germany races through a corner during the Australian Formula One Grand Prix at Albert Park in Melbourne, Sunday, April 2, 2023. (AP Photo/Asanka Brendon Ratnayake)
(AP Photo/Asanka Brendon Ratnayake)
BetMGM @BETMGM Feb 20, 2024, 6:29 PM

BetMGM has three types of odds for the F1 World Championships: Individual Grand Prix race odds, futures odds for the Drivers’ World Championship and Constructors’ World Championship, and futures specials.

How Do I Place a Bet On F1 Odds?

It takes seconds to bet on F1 odds at the online sportsbook:

  1. Sign in to your BetMGM Sports account on a computer or the BetMGM Sportsbook app. If you don’t have an account, sign up for one and use a BetMGM welcome offer.
  2. Visit the F1 odds page.
  3. Browse odds for the upcoming Grand Prix race and/or futures odds for world championships.
  4. Add a bet to your Bet Slip, insert a stake, and place your bet.

F1 Grand Prix Odds

The 2023 F1 schedule consisted of 23 Grand Prix in 20 different countries, including three races in the United States.

Here are the types of race odds:

Race Winner (aka Antepost Winner): The most popular form of Grand Prix betting. You’re simply picking the winner of the race.

Free Practice Winner: Held before each qualification for each race, free practice allows teams to test their cars on the track. You can bet on the fastest car during free practice.

Top Drivers: Will Lewis Hamilton finish in the top three? Will Carlos Sainz Jr. finish in the top 10? There are many types of Top Drivers bets available for each Grand Prix.

F1 World Champion Odds

The 23-race season is considered the Formula One World Championships, but there are also two end-of-year world championship awards, the Drivers’ World Championship and Constructors’ World Championship.

The Drivers’ Championship is awarded to the driver with the most points throughout the year.

The Constructors’ Championship is awarded to the constructor — i.e., the company that designs and builds the car — with the most points from the same. Red Bull Racing-RBPT is the defending constructors’ championship.

You can simply bet on the world champions and/or specials for the championships. Specials include head-to-head finish (e.g., Who will finish higher in the final standings: Nico Hulkenberg or Kevin Magnussen?).

Visit the online sportsbook to view updated futures odds for the world championships.

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