Max Verstappen easily claimed the 2022 title for the Red Bull team, thanks largely to his forceful, aggressive driving style and a powerful car. From predicting the race winner to which driver sets the fastest lap time or gets pole position, there are many great Formula 1 betting options.
Formula 1 Odds Overview
The glitz and glamour of Formula 1 is like nothing else, with flashy car liveries and household names like Lewis Hamilton and Max Verstappen behind the wheel. An F1 race can last up to two hours and commonly clocks in at around 90 minutes, depending on the length of the track and conditions on the day. As teams like Ferrari, Red Bull, and McLaren constantly develop their cars, it can cause significant momentum shifts throughout the season.So even if there are a couple of weeks between races, there are still plenty of F1 tips and statistics to create betting picks for the next race. There's a lot to unpack in Formula 1 odds, including thrilling head-to-head markets, season bets, and even prop bets like whether there will be a Safety Car Period in a race.
Betting Tips and Odds on Formula 1
More than 20 races are on the F1 schedule, hosted in various regions around the world, meaning that teams and drivers have to deal with many different conditions, which can ramp up the excitement of making F1 bets. For example, weather can greatly affect an F1 race, as rain slows the cars down, while excessive heat can degrade tires more quickly.Some F1 tracks, like street circuits at Monaco, Melbourne, and Baku, have limited overtaking chances, while others have long straights where drivers can hit their top speeds around sweeping corners, like at Silverstone. On any track, races boil down to team tactics about tire choices, pitstop timing, and fuel strategy; you can keep track of these to get into gear for Formula 1 betting.
Different Types of Formula 1 Bets
Bettors can find various ways to explore F1 betting at Betsafe. While the main market is an F1 outright bet, betting value can be explored in other markets when one driver dominates the season with the best car.- Race Winner - This is the staple of Formula 1 betting. Races are long affairs, sometimes coming in at more than 70 laps of a circuit, and anything can happen.
- Pole Position - Pole Position's popular F1 betting market would already be settled before we even get to race day. The more you track the action in an F1 season, the more you will see that the jostling for pole position usually boils down to only a few drivers. Some bettors pair up the Pole Position and Race Winner double.
- Fastest Lap - This is an interesting F1 betting market in the sportsbook Canada has to offer with Betsafe. A race leader who is well out in front isn't necessarily going to post the fastest lap of the race, meaning other drivers can have a chance to shine. With a bonus point being awarded for recording the fastest lap in a race, drivers who have no chance of winning the race often try to claim this reward by making an unscheduled pitstop for fresh tires near the end of the race.
- Podium Finish - You don't have to go all in on just selecting who will win a race. If you have reviewed your Formula 1 betting tips and fancy a particular driver to break onto the podium, this top-three finish market is for you.
Formula 1 Live Odds Betting
It's all systems go once the race lights go out. The F1 betting odds go live, and the fluctuating markets can deliver streamlined value for keen bettors. Although the cars are charging around the track at more than 220 mph, bettors still have plenty of time to get into the live F1 betting odds at Betsafe.All the main markets for Formula 1 betting in Canada, like selecting the race winner and who will do the fastest lap, can be taken live. Upgrade your betting edge on Formula 1 odds by pulling together a multi on the bet slip or making the most of one of our great promotions, like Safe Multiples. Tune in to a live stream while watching the live F1 markets. At those speeds, anything can happen, and one tiny mistake can have massive consequences, potentially throwing pre-race betting predictions right out the window.
Formula 1 Events for 2023
The F1 season is the contest for the Driver's World Championship title, currently held by Max Verstappen, who has taken the title from Great Britain's Lewis Hamilton at the top of the sport. The 2023 F1 season, which began at the Bahrain Grand Prix, is broken down into segments, with the early part of the campaign spent in the Middle East and Australia, the middle part being more Europe-focused with the likes of the British and Italian Grands Prix, before heading out for tours of Asia and the Americas and closing with the Abu Dhabi Grand Prix.Below is a list of the upcoming 2023 races:
- British Grand Prix on July 9
- Hungarian Grand Prix on July 23
- Belgian Grand Prix on July 30
- Dutch Grand Prix on August 27
- Italian Grand Prix on September 3
- Singapore Grand Prix on September 17
- Las Vegas Grand Prix on November 18
- Abu Dhabi Grand Prix on November 26
