F1 is an abbreviation for Formula 1, which is a widely known and highly prestigious car racing category. Formula 1 is an action packed sport with dedicated fans located around the globe, most popular in the Netherlands, Italy, and the United States. F1 racing is a global affair, as up to twenty races take place all over the world. The sport has been around nearly as long as the racing championship itself. The races draw spectators from all over, offering thrilling excitement you won’t find in other racing circuits. Formula 1 is often compared to Nascar, but the two racing giants share minimal similarities. F1 betting has been extremely profitable to those who understand F1 odds and how to make the most profit. Understanding the sport is the first step to becoming a successful bettor.
Formula 1 is the official name of the elite car racing category. It’s governed by the International Automobile Federation, and these cars are undoubtedly the fastest in sports racing. F1 betting has grown massively popular amongst hardcore racing fans and casual enthusiasts alike. Fans are committed to scouring F1 odds throughout the racing season to make strategic bets. Let’s get right into exploring the most popular F1 betting platforms. May the F1 odds always be in your favor!
Top Three F1 Betting Options
-
Stake – Best Overall Option
-
RocketPot – Most Cryptocurrencies Accepted
-
JustBit – Best Interface Option
1. Stake – Best Overall Option
Stake has a prestigious reputation online for being one of the most well-balanced online casinos. There are multiple reasons why Stake is the premier place to catch up on F1 odds and betting, starting with the site’s top of the line security. Besides secure SSL encryption, Stake utilizes two factor authentication to keep user accounts safe. The Stake user interface is a combination of bright and dark colors with well organized categories and F1 odds. Stake’s reputation as the most elite and reliable F1 odds sportsbook is well deserved, thanks to the platform’s incentives and attention to detail.
Stake is the official betting partner of the UFC, making them a trusted organization you can rely on. Stake’s customer support is available in thirteen languages to make communication a breeze. Founded in 2017, Stake is owned by Medium Rare N.V. Like most online gambling outlets, Stake is licensed in Curacao. Stake is pretty much the standard when it comes to crypto sports betting. The site even goes the extra mile to provide 2FA safety features that most crypto sports betting platforms aren’t yet utilizing. Additionally, Stake is an official member of the prestigious Crypto Gambling Foundation, a foundation dedicated to provably fair crypto gambling. Stake gladly caters to players globally. However, there are twenty-six countries on the list of restricted areas. Aside from up to date F1 odds and F1 betting, Stake also offers a complete line of casino games, such as roulette. Another aspect of Stake that helps it stand out is the casino’s line of original games, which throws sixteen more gaming possibilities on the table.
Highlights
-
Stake offers endless promotions and bonus opportunities to new and loyal players
-
Customer service is available twenty four hours a day, seven days a week via live chat
-
F1 odds are kept updated and refreshed often
Pros
-
Stake has a reputation for being a force to reckon with within the digital gambling industry
-
The gaming selection has something for every type of gamer
-
Stake exclusively caters to crypto players
Cons
2. RocketPot – Most Cryptocurrencies Accepted
Founded in 2019, RocketPot is licensed in Curacao and strictly deals in digital currencies. Crypto exclusive betting platforms have become a common occurrence following the cryptocurrency boom. At Rocketpot, you’ll find games powered by Evolution Gaming, Pragmatic Play, and other well-known software developers. RocketPot offers classic casino games and operates an impressive sportsbook. F1 betting enthusiasts will delight in the up to the minute F1 odds updates and spread of betting possibilities.
The United States, Netherlands, and Australia are merely a few of the restricted countries RocketPot unfortunately cannot service. Known for its bonuses and rewards programs, RocketPot sets an industry security standard with SSL encryption in addition to encrypted connections for ultimate privacy. Customer support is available via live chat in multiple languages, including Finnish and German. Many crypto gambling platforms refuse players utilizing VPNs, but RocketPot welcomes VPN users. Fiat currencies aren’t used for wagering, as RocketPot is crypto exclusive. You’ll find more than three thousand games at Rocketpot and a section completely dedicated to F1 betting.
While RocketPot doesn’t offer a VIP program, the betting platform does provide kickbacks to players on a daily basis. The casino’s loyalty program is enticing and changes up the rewards to keep things fresh and interesting. The user interface isn’t aesthetically out of the ordinary, but the site is organized, complete with a search bar option. Danneskjold Ventures B.V. owns RocketPot, and the site accepts unique deposit options like Google Pay. F1 betting is accessible via desktop browser or Android and iOS compatible mobile devices. The website continually strives to update and enhance its features to keep players entertained. Multiple cryptocurrencies are accepted, such as Litecoin, Ethereum, and Bitcoin. With superior graphics and smooth functionality, it isn’t too hard to see why RocketPot is popular amongst F1 odds and betting fans.
Highlights
-
RocketPot accepts popular cryptocurrencies for both deposits and withdrawals
-
RocketPot’s website doesn’t lag or freeze, making gathering the latest F1 odds information a breeze
-
The casino offers an affiliate program that merely adds to its legitimacy
Pros
-
The site has impressive security and a respectable reputation
-
The layout and organization of the RocketPot site makes it simple to find the section dedicated to F1 betting
-
Players have access to an array of gaming options all dedicated to crypto gambling
Cons
3. JustBit – Best Interface Option
JustBit Casino is a fresh crypto-friendly gaming platform with a dedicated section to F1 odds and betting. The user interface has a dark theme, making the background icons and text pop. The functionality of the site leaves a lot to be desired, with load times being slow and at times unresponsive. Currently, JustBit doesn’t offer much in terms of welcome bonuses or loyalty rewards programs.
JustBit is a newly launched casino and sportsbook, making the lack of incentives somewhat understandable. However, JustBit doesn’t merely offer a sportsbook section. It also offers a live sports betting section filled with endless wagering options, including up to date F1 odds. JustBit exclusively deals with cryptocurrencies, but several crypto options are accepted. Licensed by the Curacao government, JustBit provides provably fair game play in a digitally secure environment. In addition to F1 betting, JustBit’s sports section also includes basketball, tennis, and twenty five other sporting options. The live sports and sportsbook section of the site doesn’t offer a “try for free” option like you’ll find in other sections of the casino. The site still has some bugs and kinks to work out because the response times aren’t perfected yet.
JustBit does offer a responsive and helpful customer support team. Email support is an option for non-pressing issues, but the live chat support is effective in solving the most complex problems. The multitude of accepted cryptocurrencies at JustBit covers the most popular coins, like Bitcoin and Ethereum. JustBit does offer instant crypto exchange services on its site via Changelly. Crypto deposits can take as long as thirty minutes to arrive because JustBit doesn’t utilize a third-party provider. In comparison to other newly launched crypto casinos and sportsbooks, JustBit excels in nearly every area, except game loading times. The F1 odds sometimes lag, leaving users frustrated.
Highlights
-
The initial signup bonus for new users is the most impressive reward you can expect after creating an account. For F1 betting fans, the only part of the bonus package that’s helpful is the forty-five percent cashback on the first three deposits
-
The gaming inventory presents more than two thousand games, including a live sports section and sportsbook
-
Withdrawal transactions are nearly instantaneous, no matter which cryptocurrency you use
Pros
-
JustBit doesn’t enforce any maximum or minimum withdrawal limits, which is refreshing in the crypto gambling sector
-
Casbit Group N.V. operates JustBit and uses random number generators to ensure fairness
-
Signing up for a new account only takes a few moments
-
JustBit offers a massive gaming inventory, including F1 betting
-
Customer support is available around the clock via live chat
Cons
Signing up at a F1 Betting Platform
There’s no better time than the present to join one of the casinos reviewed here. Through trial and error, professional betting experts have agreed that Stake, RocketPot, and JustBit are the top three F1 betting casinos. Signing up for a new RocketPot, JustBit, and Stake account only takes a few minutes, but users must have a valid email. After completing the two step authentication, all you need to do is make your first deposit to start playing.
Confidentiality and privacy are important to F1 odds and betting platforms. By creating a secure environment for users, these three Formula 1 betting sites keep bringing users back time and time again. JustBit, RocketPot, and Stake don’t allow players to begin placing F1 bets until players successfully complete a deposit. In a few minutes, you can be on your way to enjoying reading F1 odds and placing smart bets. Many crypto sportsbooks require users to provide valid identification before placing bets. Be sure to read the fine print when creating a new player account. Also, don’t forget to note the wagering requirements to know what will be expected of you.
Deposits and Withdraws
F1 betting draws users from across the globe. So, it is important to present a broad range of deposit and withdrawal methods to cater to a wide variety of needs. Cryptocurrencies have become the latest rage in online F1 odds and betting venues. More F1 sites accept crypto than ever before, mainly thanks to the crypto boom in the past few years.
Users should thoroughly browse through the available withdraw and deposit methods before choosing which casino is right for them. Users should also note that most websites tend to offer more deposit methods than withdrawal options. Deposit and withdrawal times also vary significantly. Deposits usually are immediately processed, while withdrawals tend to take longer. Users should also be wary of additional fees or surcharges for withdrawing their winnings. JustBit, RocketPot, and Stake are all crypto exclusive sports betting platforms, meaning fiat currencies aren’t accepted.
History of Formula 1 Betting
Formula 1 is competitive auto racing that dates back to the early nineteen thirties. However, it wasn’t until 1946 when the FIA officially recognized F1 as a championship sport. The FIA officially regulates Formula 1 competitions, which started small and grew substantially. The first official Formula 1 took place in England during 1950, but that doesn’t necessarily mean that F1 betting and racing originated in England.
Drivers from around the globe have fiercely competed in the F1 race from the beginning. In its early stages, the Indianapolis 500 was part of the original circuit. Over the decades, the racing championship has expanded to include several races in an array of countries.
How Does Formula 1 Betting Work?
Formula 1 betting is done online, and it is very similar to most other types of sports betting. With multiple betting possibilities, players have more opportunities to rake in profits. The most common bet types found online consist of six basic betting options.
-
To-Win – To-win bets focus on which driver ultimately wins a race
-
Podium Finish – Podium finish bets closely resemble to-win bets, as a bet is considered successful if the chosen driver lands in the top three positions
-
Driver Matchup – Driver matchup bets offer more safety than podium finish and to-win bets. F1 odds play an important factor into which bets present the most favorable outcomes
-
Proposition – F1 odds are less influential when placing proposition bets. The reasoning behind this is due to proposition bets are wagers placed on skills and talent. An example of a proposition bet would be wagering on which driver completes the most laps in first place
-
Pole Position – Pole position bets are placed on which driver will have the best qualifying time. The pole position is awarded to the driver with the shortest time. Bettors must choose which driver will end up being the first one in the racing grid
-
Future – Futures are high risk bets placed on a driver’s performance throughout the racing season. F1 odds play an essential role in placing strategic bets. Futures are not only the longest running wager in F1 betting, but they are also the riskiest bet in sports racing
What is the Difference Between F1 Betting and Nascar Racing?
There are multiple glaring differences between Nascar and F1 racing. For starters, F1 racing has faster cars that are lightweight. In Nascar, the racing vehicles are more durable and have more endurance. F1 cars are faster to leave the starting point, but the cars can’t maintain high speeds through long distances. Nascar race tracks are oblong and oval shaped, while F1 tracks can be any shape or length as long as the shape is a loop.
The rules in both racing types vary significantly as well. For example, F1 cars are prohibited from touching during the race. Nascar drivers are encouraged to strategically grind against their competitors. While Nascar is brutal and fast paced, the world of F1 racing requires skill, sophistication, and sheer determination. Both Nascar and F1 racing are respectable sports that gamblers can place bets on.
How do We Review F1 Betting Platforms?
F1 betting provides a rush of adrenaline and a thrill you can’t find anywhere else. As passionate Formula 1 fans, our testers dive deep into each sportsbook’s features and benefits. First, it is important to review a venue’s licensing and security information. This information is normally found in the about section of the website. Most crypto gambling websites are regulated by the Curacao E-Gaming Commission, which promises provably fair gameplay. Experienced testers explore bonus programs as well as VIP programs to ensure players receive the incentives promised at their initial sign up. While F1 odds and betting is the main focus of the testers’ investigation, the F1 betting casinos were also explored in other areas not related to sports betting. Security features for each casino were double checked to ensure the correct information was passed along to readers.
What to Look for in a F1 Odds and Betting Sports Book
Safety, security, and fairness are the three most important things to look for when signing up for an F1 betting casino. Protecting your personal information is essential for many reasons, and it is just a smart gambling practice. Besides user safety, be on the lookout for sportsbooks with live sport betting and accurate odds. F1 odds heavily impact the processing of placing F1 wagers. Placing bets without updated F1 odds is similar to driving while wearing a blindfold. Pay attention to how often the F1 odds information is updated and avoid any platform with outdated information.
It is vital to know what to look for in a F1 crypto sportsbook. It is also crucial to know what to avoid when picking a F1 betting platform. It isn’t wise to provide private banking information to a sportsbook that isn’t regulated by the Curacao Gaming Commission. Even though crypto gambling is newly regulated, it isn’t an excuse to not have licensing and prove fair gameplay. Avoid conducting transactions with a sportsbook lacking basic SSL encryption. These small red flags can prevent players from being scammed or ripped off but untrustworthy platforms. Please note you can always trust the crypto friendly platforms reviewed by our experts.
Customer Support and Service
A sportsbook’s customer support and service quality can tell you a lot about what kind of gaming experience you will have. Customer service representatives should not only be knowledgeable about common problems or concerns, but they should also be friendly. It isn’t uncommon for customer support members to speak multiple languages. While speaking to a real person is refreshing, most F1 betting sportsbooks offer live chat support. Live chat options are available to use around the clock. The only downside of the live chat option is that the user’s issue may not immediately be corrected. Before agreeing to the terms and conditions related to creating a new betting account, connect with a customer support member to ask any questions you have.
Payment Methods
Since RocketPot, JustBit, and Stake are crypto exclusive F1 betting platforms, you only need to worry about which cryptocurrency you want to use. Bitcoin is by far the most widely accepted crypto token, but Ethereum and Litecoin follow closely behind. It isn’t uncommon for crypto sportsbooks to provide crypto exchange features. These crypto exchange features make it easy for players to transfer fiat currencies into crypto tokens, but these services aren’t free. In fact, the exchange fees are significantly higher than using a third party service, but players are basically paying for the convenience.
Before signing up for a new F1 betting account, players must have a crypto wallet. A cryptocurrency wallet stores and provides access to coins. Crypto wallets protect personal data, giving users complete control over their crypto assets. Crypto wallets are an essential part of placing bets on sportsbooks, and there are a massive amount of trustworthy options to choose from. Be aware that some crypto wallets aren’t accepted at every F1 betting outlet.
Conclusion
F1 betting relies on keeping up to date and understanding F1 odds. Formula 1 racing has a prestigious reputation in the sports racing community, as there is nothing else like the adrenaline pumping racing speeds. While Nascar and Formula 1 have similar attributes, the racing style and betting options are completely different.
Choosing a sportsbook is an important decision, especially when it comes to F1 odds and betting. Without factual odds, players can’t make educated, strategic betting decisions. In the world of F1 betting, knowing the odds is crucial for success. If you plan on joining a crypto-friendly casino with an excellent sportsbook, please consider the casinos reviewed above. You surely won’t be disappointed!
