Formula 1 Betting Guide: Best Canadian Formula 1 Online Sportsbooks
The wildest racing championship in the world, Formula 1, is a huge attraction for Canadian fans and bettors. With a Canada GP in the championship, the F1 circuit is a common sight at the best real money online betting sites. Top sportsbooks in Canada with F1 betting markets come with competitive odds as well as a selection of sportsbooks bonuses and free bets that can move even the pickiest real money bettors.
If you’re a fan of the circuit and love betting on it as well, you’re in the right place. We’ll go over everything Canadian bettors need to know before they join the top real money F1 betting sites in the country.
High Octane Racing
The Formula 1 Championship is the highest level for open-wheel single-seater car racing in the world. It’s organized by the FIA since 1950. As one of the world’s premier motorsports, it’s a common sight at the best online sports betting sites in Canada.
The F1 season consists of a series of international races, which are known as Grand Prix. The GPs are held at special, purpose-built tracks or closed roads. Formula One cards are the fastest regulated racing cards in the world, which adds to the thrill of the GPs.
The high octane racing action is a thrill for bettors from Canada, too, thanks to the diverse range of F1 betting markets and sharp odds.
The fast cars and their unique sound is something no racing fan can ignore. Many are willing to bet on it all. The races are unpredictable and everyone can win in a nail biter finish. Whether you want to predict the winner of a race, the championship, or bet on laps, the top sportsbooks in Canada in 2025 for Formula 1 racing have it all.
The Best Formula 1 Online Betting Sites in Canada
The top betting odds, markets, and sites in Canada are featured on this page. Bettors can access a range of trusted and legal betting sites available on mobile with a set of free bet action on the top F1 races.
You can place your wagers on race winner predictions, futures, laps, or other markets. The top betting sites for Formula 1 racing also include live betting.
With live streams of all the Grand Prix races, including the Canadian GP, it’s easy to get started. Make sure to always bet responsible and enjoy the wild F1 ride.
Formula 1 Betting Sites Basics
To start betting on Formula 1 races, you’ll need to go through the basics. By basics, we mean the different bet types available at the top online betting sites in Canada.
We’ve created a list of them below for your convenience.
Most Popular Bets at the Top Sportsbooks in Canada in 2025
From race winner predictions to lap racing, props, and futures, the Formula 1 betting market is as diverse as it gets. Let’s check out the most popular bets available at the top online sportsbooks in Canada.
Race Winner Predictions
F1 race winner predictions allow bettors to pick the winner of a race. The market is easy to comprehend – as long as your driver wins the race, you win your slip.
Canadian bettors can tie other markets into their slips for a parlay. Choose instant withdrawal betting sites and you’ll withdraw your winnings in a flash.
Outright Formula 1 Betting
Outright F1 betting odds are quite popular in Canada. The season begins early in January, with 24 Grand Prix in play. Formula One futures are available months before the season begins, at which point the odds are sharpest.
Choose the driver/constructor to win the championship, and wait until the season ends to see if you’re a winner.
Podium Finish
Three drivers end up on the podium for each Formula One race. Canadian bettors can predict the podium finishers, choosing a driver to end up first, second, or third.
Fastest Lap Betting
The fastest lap driver gets extra points in F1 races. Betting on the fastest lap often comes with competitive odds, which is the reason why many are interested in this market.
Note: proper research is needed for this market, as it depends on race strategies and developments, making it hard to predict.
Head to Head (H2H) Betting
This is an interesting F1 betting market to place wagers on. With H2H betting, bettors predict which pair of drivers finishes ahead of the rest. It focuses on individual performances, and is heavily influenced by race strategies, developments, and tire strategies as well.
Live Formula 1 Betting
Live Formula One betting puts bettors in the driving seat. The fast-paced nature of the races makes it an ideal pick for live bets. Bettors can place wagers in various markets such as overtakes, creating a more immersive and engaging experience.
The majority of the best betting sites for Formula 1 offer live streams of all the races. With these streams, bettors from Canada can watch the action and make more accurate bets.
What to Consider Before Joining Instant Withdrawal Betting Sites for Formula 1
When joining the best real money sportsbooks in Canada with F1 betting, you should consider several of the following factors.
H3: Licensing and Security
Bettors should always aim to choose licensed and legal F1 betting sites. They should have a license from leading authorities, local or offshore, and use advanced security features such as SSL encryption.
Formula 1 Betting Odds and Markets
When choosing a Formula 1 betting site, it’s important to have as many markets as possible. Compare the sportsbooks on this page and find the one that has the full suite of F1 betting odds and markets.
Payment Options
Since you’ll be doing real money F1 betting, it’s important for a sportsbook to have flexible payment options. Choose instant withdrawal betting sites for Formula 1 races to avoid unexpected delays. If you’re a casual or new bettor, low deposit sportsbooks are a great choice.
Formula 1 Betting Bonuses
It’s important to check the F1 bonuses and free bet offers before joining a betting site. Many will offer a free bet with no deposit required on sign up, followed by various free bets and promotions for specific Grand Prix races.
Formula 1 Betting Tips and Strategies
Successful F1 bettors know that strategies are the best way to make accurate predictions for the races. There are several factors to consider in order to create a winning F1 betting strategy.
• Weather Plays a Huge Role: Weather plays a major role in the development of F1 Grand Prix. Rain can make even the best drivers struggle, and should be considered before betting on F1 odds.
• Take a Look at the Driver’s Form and Car: Some drivers simply fall into a slump, whether because of low morale or a bad car. Research both for an accurate prediction over how a specific driver—or car—may perform in a race.
• Tire Strategies Are Important: F1 teams put a heavy emphasis on tire and pit stop strategies. They can be successful or not depending on the race dynamics. The best betting sites for Formula One in Canada give valuable insights into this factor, so bettors can make accurate predictions.
• Track-Specific Strengths: Not all F1 Grand Prix races are the same. Some are curvier than others, while some are high-speed tracks. With expert F1 predictions, bettors can get an insight into player preferences and track-specific strengths, in that way getting the most out of F1 odds.
Most Popular Tournaments at Real Money F1 Online Betting Sites in Canada
With 24 races every season, bettors should approach each one with a fresh strategy. We’ll cover the three more popular F1 races at the top real money betting sites in Canada below.
Canadian Grand Prix
Available at all Canadian F1 sportsbooks, the Canadian Grand Prix is one of the most exciting races in the championship. It was first opened in 1967, starting as a sports cars event after which the Formula One took it over.
In 2005, the Canada GP was the most watched race of the season. It returned to the calendar in 2022, and was last won by Max Verstappen from Red Bull Racing-Honda RBPT. The Circuit Gilles Villeneuve feature a long straight racing line with a few curves, favoring fast drivers.
With 70 laps, it’s one of the longer Grand Prix of the season. The best betting sites in Canada cover the race with competitive odds and dozens of markets, many of which you can bet on after proper research.
Monaco Grand Prix
The Monaco Grand Prix is one of the most popular F1 races of all time. Driven on a narrow track through the streets of luxurious Monaco, it’s an attractive option for all F1 bettors from Canada.
The first Monaco GP was held in 1929. It’s one of the largest weekends in motor racing and in motor sports betting. Bettors can place wagers on all the events, including the qualies and the main event.
Italian Grand Prix
First held in 1921, the Italian Grand Prix in Monza is one of the oldest in the F1 championship. It holds a cult status among F1 fans and bettors, especially the Tifosi – fans of Ferrari.
It’s a high-speed track with 53 laps, leaving drivers with no room for errors. This translates to the betting odds, which are sharp and competitive as soon as the drivers start the race.
Bettors from Canada can place wagers on everything from the qualifications to the race, with pre-match and live betting F1 odds available.
