F1 betting has increased in popularity in the UK for years, and the F1 season 2023 looks to be a great season from a British perspective. Betting on Formula 1 is possible profitably, and there's loads of F1 bets and great odds to find at each Grand Prix.
From this page you can find Bojoko's F1 betting guide, the best odds for the Formula One drivers' championship along with the constructors' and the 2023 calendar. We also cover each Grand Prix with some basic information on the track, along with of course all the drivers and teams competing.
Below you can find a list of the best F1 betting sites in Bojoko's opinion. You can find dozens of F1 betting markets for each Grand Prix at each bookie, along with of course in-play F1 bets as well. Don't forget our earlier example, where by placing your bets on many different sites with the best odds available you could maximize and in some cases even guarantee your profits!
Formula 1 betting is possible in a number of different ways. Both old and new UK betting sites provide players with odds for the race winner, head-to-head bets, TOP 3, TOP 6 or Top 10 finishes, safety cars, qualifying results - basically anything! We've covered some of the most common F1 bets you can find odds on below.
Betting on Formula one is possible for the whole duration of the season from March to November until the final chequered flag is waved. Probably the most popular bet is betting on the F1 champion in both the constructors' and drivers' championship, and this bet type is suited for long-term minded bettors. However, the odds for these bets are heavily slashed once the season has started properly.
Usually, the championship is contested by only a couple of drivers or teams, and this looks to be the case in 2023 as well. The biggest favourites for the drivers' title look to be Red Bull's Max Verstappen and Ferrari's Charles Leclerc, with the same teams looking like the only ones to battle for the constructors' crown as well.
So, who should you bank your money on to win the F1 world championship in 2023? We don't have a crystal ball at Bojoko that can guarantee who will win, but it's in fact possible to make a profit by betting on both!
Right now a bunch of bookmakers are offering both Max Verstappen and Charles Leclerc and Ferrari and Red Bull odds of over evens to win the title. In practice, this means that bettors have a golden opportunity to take advantage of arbitrage betting, almost guaranteeing you to profit from your bets. For example:
Naturally, only one of these can be a winner, but whichever driver ends up taking the title, you'll make a profit on your £200 investment! The same concept of course applies to the constructors' championship as well.
Almost all of the betting sites that are listed on our pages offer players the opportunity of betting on Formula 1. Below you can find compiled some of the best odds for the eventual champion from two of the best UK betting sites.
By taking advantage of these odds you can try and find guaranteed winning opportunities via arbitrage betting, and if you are a newcomer on one of the sites, be sure to take advantage of the betting bonuses, which often provide the opportunity of betting without risk.
Odds on this page updated 31.7.2023
One of the first things to bet on during a F1 weekend is qualifying. The most popular bet for qualifying is of course bets on the polesitter (fastest driver in qualifying), but straight bets on the fastest time during qualifying are also available. These come into play more in changing conditions.
The qualifying itself is one of the most important aspects of a race weekend, as it's just a fact that a better a driver qualifies, the better chances he has of achieving success in the race. Qualifying consists of three periods, with the 5 slowest drivers of the first two sessions eliminated before the start of the next. Finally the TOP 10 drivers decide the final standings and the fate of pole.
Before qualifying there are 3 practice sessions, and you should know the results of these before making any qualifying bets. Practice doesn't guarantee anything, but it does give a good idea of the drivers and teams who seem to have the track figured out.
How F1 qualifying works:
Traditional sports like football can provide plenty of sporting romance and underdog stories in a single match, which can also lead to massive betting wins. However, in Formula One these kinds of stories are few and far between, and placing bets on ludicrous odds for a surprise driver to win is almost always just throwing money down the drain.
When looking at outright winner odds in F1 for a Grand Prix you should always stick to the favourites. There are 20 drivers in Formula 1, but only 4-6 drivers and 2-3 teams with a realistic chance of winning - sometimes even lower.
If we take a look at race winners in the 2020 and 2021 seasons, only 7 drivers have managed to climb the top step of the podium in 39 races:
Not much to add to those numbers, and it's also good to remember that when another driver than Hamilton or Verstappen has won, the two have usually retired, faced issues or penalties. Only Bottas can claim to have won purely on merit against the titanic duo, and him as well only once or twice.
But what makes Hamilton and Verstappen so dominant? What made Schumacher, Vettel, Senna and Prost so overpowered during their prime? The answer of course is the car they are driving, which is everything in Formula One. Dr. Andrew Bell found in his Sheffield University study on the best driver ever in F1 that:
This can also be found in the success of British F1 drivers of the modern era. For example, Jenson Button was a solid driver, but no one considered him in the top 3 on the grid. However, in 2009 with a rocketship of a car courtesy of Brawn GP and their unique double-diffuser he became world champion. Hamilton is a 7-time world champion, but even he has fallen far behind to 4th and 5th in the standings in seasons where Mclaren and Mercedes have dropped the ball (2009-2013).
How about the importance of pole when betting on an outright winner of a Formula 1 Grand Prix? The answer is extremely simple - a little over 40% of F1 races have been won from pole.
This is a huge percentage that can't be ignored, but a pole doesn't guarantee a victory. Betting on the 2nd or 3rd driver on the grid can often lead to more lucrative betting results, especially at races where overtaking is easier and a lot generally happens, like safety cars. For example, in Monza pole has brough a 83% win rate since 2000, while at the Canadian GP this number is only 33%.
Drivers also have some preferences when it comes to tracks. Take Lewis Hamilton for example - The British hero has won five of the last six of his home GP's at Silverstone, but in Australia he's managed only two wins with 13 attempts. When betting on an outright winner you need to know if your driver of choice is suited to the track or not.
After an outright winner, the next most popular F1 bets are podium bets, or more specifically a driver to finish in the top 3 of a race. Especially later in the season these become much more viable as potential odds on winners decline, and you can find better odds for podium bets. Top 3 bets in F1 bring a nice risk-reward ratio:
For example:
Seven-time champion Lewis Hamilton has reached the podium in 78 of his last 100 races. Let's say that you can find a TOP 3 bet for Hamilton with odds of 3/5.
These aren't the biggest odds out there, but if you would have bet £100 on Hamilton's podium finish in the last 100 races with these odds, you would have ended up with a profit of £2480, despite losing the bet on 22 occasions.
In the 2021 season Hamilton reached the podium in 17/22 races, while eventual world champion Max Verstappen achieved the same result 18/22 times. Every season there are a couple of drivers with these kinds of numbers, and some tidy profits are possible if you know the strenghts and weaknesses of the drivers and teams, and work hard to find the best odds available.
In-play or live betting is probably the most exciting way to place your bets, as you can follow the race at the same time as making a profit from it's incidents and happenings. Whereas in football betting live you need to consider many options statistically before placing your bets, when betting on F1 live you need to make fast and intuitive decisions.
Some people consider F1 races boring affairs, where the end results is always a given. This is of course not completely false, and like you saw above, Grand Prix victories tend to fall to a small bunch of drivers. Despite this, anything can happen at any time, and if you're not awake with your live bets your bankroll may suffer.
One of the most important aspects to in-play betting on Formula One are the pit stops. Every single driver on the grid needs to make at least one pit stop during a race, and use at least two different tyre compounds. Pit stops are usually extremely crucial for the results of a race, and depending on your opinion of the time of a stop you can choose whether to back a driver for success or not.
Keeping your eyes and ears open is also extremely important, as you can hear useful information during the race from both the commentators and team radios. For example, any hints of team orders, trouble with the car, strategy and basically any information that affects the outcome of a race needs to be noted in your in-play bets.
You can hear both crucial and not-so-crucial information from team radios:
Like with all sports, Formula 1 betting also has a number of special bets to enjoy. These include the likes of the team to win the Grand Prix, nationality of the winning driver, safety car/virtual safety car bets, first pit stopper, first retirement and many others.
Betting on a safety car during the race has been especially popular in recent years, as there are far more instances of it being called upon than before. According to F1 fandom Wiki's safety car stats a safety car period was featured in 11 Grand Prix' in 2021, and for example at the Belgian GP a safety car has been called into action in five races in a row.
Stats like these provide good betting opportunities, so it's good to do some work beforehand on understanding the race ahead, along with the tendencies it has. Virtual safety car bets are also an option, as the odds for them are significantly higher.
Bookmakers can also have some of their own special F1 bets, with even boosted odds, free bets and other deals available for them.
For the Formula 1 season in 2023 there will be a total of ten constructors and 20 official drivers. However, due to unforseen circumstances reserve and test drivers might be used in some Grand Prixs.
Mercedes Benz comes into the season as one of the favourites after winning the constructors title in so often in recent years. As for so many years before, headlining the German team will be Great Britain's Lewis Hamilton. The team's second driver is fellow Brit George Russell. Can Russell challenge Hamilton again?
Drivers:
The reserve & test driver for Mercedes in 2023 is last season's Haas driver Mick Schumacher.
Red Bull's Max Verstappen managed to grab his first driver's title at the expense of Hamilton right of the death last season, and he's also the bookies' favourite to renew his crown this season. Like last season "Super-Max" will be partnered by Mexican driver Sergio Perez.
Drivers:
Red Bull's reserve- and test driver for the season will be Daniel Ricciardo.
Ferrari have gone over a decade without winning a drivers or constructors title, and in 2022 they finished 2nd while looking like contenders at the start of the season. However, with the new regulations coming into play expectations at Maranello are high, and with top-rated talent like Charles Leclerc and Carlos Sainz at the wheel, the Italians' dreams just might come true.
Drivers:
Ferrari's test- and reserve driver's will be Italian Antonio Giovinazzi, who spent the a couple of years as an official driver at Alfa Romeo along with 2022 F2 champion, Robert Schwarzmann of Russia.
McLaren were just edged outside the podium in the constructors race last season by Ferrari, finishing fourth. Can the driver pairing of Australia's latest export Oscar Piastri and Britain's Landon Norris repeat the heroics of their 1-2 finish at the 2021 Italian GP more often this season?
Drivers:
Mclaren have not officially named a reserve- and test driver for the season, meaning that many different names might be used across the season.
One of the teams coming into the new season with the highest expectations is Alpine. Their driver pairing of Pierre Gasly and Esteban Ocon brings a nice blend of French passion and youth to the grid, and the team formerly known as Renault could definitely do some damage in 2023.
Drivers:
BWT Alpine's reserve- and test driver for the 2023 season hasn't been confirmed, but Jack Doohan has been touted as a strong possibility.
Red Bull's sister team AlphaTauri will be heading into their fourth season since changing their name from Toro Rosso. Japanese driver Yuki Tsunoda will have a point to prove after a slightly underwhelming couple of seasons. Will we see a Japanese driver on the podium for the first time since Kamui Kobayashi in 2012, and what can rookie team mate Nyck De Vries do?
Drivers:
AlphaTauri hasn't announced an official test- or reserve driver for the season, and they'll likely be using various youngsters from the Red Bull Academy.
Aston Martin had their return to F1 in last season in name, but the former Racing Point team led by billionaire Lawrence Stroll will hope to provide a better vehicle for his son Lance and 2-time champion Fernando Alonso than in 2022. The resources are certainly there, but how will they reflect in the results?
Drivers:
Aston Martin's reserve driver for 2023 will be Stoffel Vandoorne.
Williams' driver situation has changed for the 2023 season. The legendary constructor has Alexander Albon, the first and only Thai driver to ever grace a F1 grid will be partnered with US rookie driver Logan Sargeant.
Drivers:
No official reserve driver has been named for Williams this season.
The Italian team have opted to continue with a driver pairing of Valtteri Bottas, a proven race winner at Mercedes and Chinese driver Guanyu Zhou. Last season's Alfa Romeo started out as a top 4 car, but ended the year as a bit of a disappointment. Can this year's edition fare any better, or will we have to wait for the team's name to change into Audi before success finds them?
Drivers:
Alfa Romeo's reserve- and test driver for the season is Theo Pourchaire.
The only team from United States on the grid, Haas F1 Team's driver lineup sees the return of german driver Nico Hulkenberg, who is partnered with his former nemesis, the Danish driver Kevin Magnussen.
Drivers:
Brazilian Pietro Fittipaldi will be the reserve- and test driver at Haas this season.
The Formula 1 calendar 2023 will be the longest ever, spanning a record-breaking 23 Grand Prixs if all goes to plan. The season begins with the Bahrain GP on the 5th of March, while all will be said and done for the season after the Abu Dhabi GP on the 18th of November.
Below you can find some basic information, statistics and history on each Grand Prix of this record season.
Below you can find the track profile of the Bahrain Grand Prix:
Bahrain GP track record: 1:31.477. Record by Pedro de la Rosa (Mclaren) 3.4.2005
Below you can find the track profile of the Saudi Arabian Grand Prix:
Saudi Arabian GP track record: 1:30.734. Record by Lewis Hamilton (Mercedes) 5.12.2021.
Below you can find the track profile of the Australian Grand Prix:
Australian GP track record: 1:20.260. Record by Charles Leclerc (Ferrari) 2022
The Azerbaijan Grand Prix is a relatively new addition to the calendar, and has been a feature since 2017 after its debut in 2016 as the European GP. Interestingly the race has so far always been won by a new driver, with Max Verstappen the latest to brake his duct on the city circuit. The Baku Street Circuit features the longest straight on the calendar, which has brought even triple overtakes, so although Baku is a street race like Monaco, getting past slower drivers is definitely easier.
Below you can find the track profile of the Azerbaidžan Grand Prix:
Azerbaidžan GP track record: 1:43.009. Record by Charles Leclerc (Ferrari) 28.4.2019
Below you can find the track profile of the Miami Grand Prix:
Below you can find the track profile of the Imola Grand Prix:
Emilia-Romagna GP track record: 1:15.484. Record by Lewis Hamilton (Mercedes) 2020</em
If there is one GP that grabs the whole world's attention each year, it's the Monaco Grand Prix at the Circuit de Monaco. The first competition at the city-state was held in 1929, while a F1 GP has been held since 1955 to much acclaim. The tricky street track places special importance to the results of qualifying, as overtaking on the narrow streets of the city is extremely difficult.
Below you can find the track profile of the Monaco Grand Prix:
Monaco GP track record: 1:10.166. Record by Lewis Hamilton (Mercedes) 25.5.2019
The Spanish GP is one of the oldest competitions on the grid, with roots going all the way back to 1913. The location of the Grand Prix has ventured a bit around the country over the century, but since 1991 it has found it's home at the Circuit de Barcelona-Catalunya in - you guessed it - Barcelona.
The most successful team in Spain has been Ferrari, who have 12 victories to their name. The most prominent drivers on the track have been 7-time world champions Michael Schumacher and Lewis Hamilton, with the latter grabbing the victory in 2021.
Below you can find the track profile of the Spanish Grand Prix:
Spanish GP track record: 1:18:149. Record by Max Verstappen (Red Bull Racing) 9.5.2021.
The Canadian GP has long traditions in Formula One, going all the way back to the 1960's. The race was not held in 2020 and 2021 due to the pandemic, but in 2022 F1 made a triumphant return to the circuit named after legendary driver Gilles Villeneuve with Max Verstappen victorious. The Montreal-based track has a unique feel to it, with a bunch of straights available for overtakes.
Below you can find the track profile of the Canadian Grand Prix:
Canadian GP track record: 1:13.078. Record by Valtteri Bottas (Mercedes) 28.4.2019
The Austrian Grand Prix is the home race of Red Bull Racing, held at the aptly named Red Bull Ring in the sponsor company's home country. The track is one of the easiest for overtaking on the calendar, with 3 DRS zones providing plenty of opportunities to get past rivals. Max Verstappen has been king of his team's home race, winning three times in total, including a famous 2021 season victory that kept him on the road towards his first drivers' title.
Below you can find the track profile of the Austrian Grand Prix:
Austrian GP track record: 1:05.619. Record by Carlos Sainz (Ferrari) 4.7.2020
Historically there aren't many race tracks that can rival Monaco and Canada, but the British Grand Prix is definitely one of them. The race is in fact the first F1 GP ever held, and it's first iteration came as early as 1950. Currently held in Silverstone, the British GP has been the home drivers' playground, with 12 different British drivers triumphing over the years. Most impressive among these has of course been Hamilton, taking the chequered flag first in 7 of the last 9 races on home turf.
Below you can find the track profile of the British Grand Prix:
British GP track record: 1:27.097. Record by Max Verstappen (Red Bull) 2.8.2020
The Hungaroring has been a staple of the modern era in Formula One, and although the track isn't quite as suited for modern F1 cars as you could hope, there have been some pretty memorable races recently.
The 2021 race was one of the highlights of the season, with Esteban Ocon taking his maiden career victory. The race saw a huge crash from Valtteri Bottas into multiple cars on the opening lap, which saw a restart with a weather change. At the grid restart only polesitter Lewis Hamilton was left on the grid with the others pitting for dry tyres, sending the race into complete pandemonium.
Below you can find the track profile of the Hungarian Grand Prix:
Hungarian GP track record: 1:16.627. Record by Lewis Hamilton (Mercedes) 2020
Spa is one of the most anticipated races of the season, especially despite the 2021 edition that was left a complete dud, being basically cancelled due to rainy conditions. However, just the qualifying brough amazing excitement, with George Russell dragging his notoriously slow Williams to P2 in the rain. The Belgian GP rarely disappoints, so definitely try not to miss this one in 2023!
Below you can find the track profile of the Belgian Grand Prix:
Belgian GP track record: 1:46.286. Record by Valtteri Bottas (Mercedes) 2018
The Dutch Grand Prix is held at the Zandvoort track, which is known for it's unique banked corners that can't be found anywhere else on the calendar. Watching Formula 1 cars going around the sloped corners at speed is truly a sight to behold, and to the delight of the home fans Max Verstappen came out victorious last time out.
Below you can find the track profile of the Dutch Grand Prix:
Dutch GP track record: 1:11.097. Record by Lewis Hamilton (Mercedes) 2021
Ferrari's home Grand Prix is one of the most prolific races on the calendar, and the temple of speed nearly always delivers exciting races with it's long straights and high-speed corners. Ferrari are naturally the most successful team on their turf, but in 2021 Mclaren shocked everyone with a 1-2, so surprises in the modern era of F1 have not been uncommon.
Below you can find the track profile of the Italian Grand Prix:
Italian GP track record: 1:21.046. Record by Rubens Barichello (Ferrari) 2004
Singapore's street Grand Prix is the longest race on the calendar, and despite the GP being a night race under the lights temperatures rise to gruelling highs. Physically more demanding than any other race, Singapore has missed the last couple of years due to the pandemic. The last winner in the race where overtakes are at a premium was Sergio Perez, taking the other of his two victories in the 2022 season.
Below you can find the track profile of the Singapore Grand Prix:
Singapore GP track record: 1:41.905. Record by Kevin Magnussen (Haas) 2018
The Japanese Grand Prix at Suzuka is one of the favourite GPs of the drivers, as the track brings exciting racing to both the crowd and the men behind the wheel. Sorely missed in its absence due to covid among the last years, Suzuka's last winner in 2022 was Max Verstappen on his way to a second World Championship title.
Below you can find the track profile of the Japanese Grand Prix:
Japanese GP track record: 1:30.983. Record by Lewis Hamilton (Mercedes) 2019
The Qatar GP returns for its second edition after a 1-year hiatus in 2022. Lewis Hamilton tasted victory at the famous MotoGP track during the track's inaugural GP during a tricky 2021 season.
Below you can find the track profile of the Qatar Grand Prix:
French GP track record: 1:23.196. Record by Max Verstappen (Red Bull) 2021
Although the calendar now has another race in the United States, Austin's Grand Prix at the Circuit of the Americas is still considered the official USA GP. The Texas atmosphere can always be felt, and the first sectors turns 3-6 truly test the downforce of a vehicle.
Below you can find the track profile of the USA Grand Prix:
USA GP track record: 1:36.619. Record by Charles Leclerc (Ferrari) 2019
If you can hear the crowd roar and rise to their feet at the Autodromo Hermanos Rodriguez, you can be sure that Sergio Perez is driving close by. The Mexican Grand Prix brings some of the most fanatic fans in the sport out into the open, and it's truly a sight to behold. The track features an extremely long run-up to turn 1, so there's always action aplenty at the start.
Below you can find the track profile of the Mexican Grand Prix:
Mexican GP track record: 1:17.774. Record by Valtteri Bottas (Mercedes) 2021
The Brazilian GP has seen some of the most epic races of all time in F1, with the final rounds of the 2007 and 2008 seeing Kimi Räikkönen and Lewis Hamilton winning the title at the last possible hurdle - in Hamilton's case even the last corner. Probably considered the favourite race of the fans, anything can happen in Brazil's notoriously quirky weather, with George Russell getting his maiden F1 victory here in 2022.
Below you can find the track profile of the Brazilian Grand Prix:
Brazilian GP track record: 1:10.540. Record by Valtteri Bottas (Mercedes) 2018
Perhaps the most interesting race of the 2023 season will be the inaugural Las Vegas Grand Prix, which will be raced on the usually busy city streets of The Strip under the floodlights.
Below you can find the track profile of the Las Vegas Grand Prix:
The final race of the season will yet again take place in Abu Dhabi, and the last lap title duel of 2021 between eventual champion Max Verstappen and Lewis Hamilton will still be fresh in the memories of everyone. Will Verstappen need another epic finish or will things go as smoothly as in 2022? Or will there be completely new contenders come November 2023?
Below you can find the track profile of the Abu Dhabi Grand Prix:
Abu Dhabi GP track record: 1:26.103. Record by Max Verstappen (Red Bull) 2021
