Formula 1 Odds at BetMGM

With Formula 1 growing in popularity in Canada, there are more fans than ever looking for the best online sportsbook for F1 betting. BetMGM is the place to be for the best Formula 1 odds from the first race of the season to the last.

How to Bet on Formula 1 Odds

Bettors have an array of options for each Grand Prix. You can bet on the race winner, who will finish on the podium, and numerous other markets.

There’s a catalogue of F1 futures to choose from, too.

F1 Moneylines

Formula 1 moneyline bets are wagers on which driver will win the race. These bets are the most straightforward.

The favourite to win a race has the shortest price on the moneyline. For example, Max Verstappen might be +150 to win the race.

A $10 bet on Verstappen would have a potential payout of $25.

F1 Futures

The Drivers’ Championship and Constructors’ Championship are the most common Formula 1 futures bets. These markets go live soon after the previous season has finished.

BetMGM constantly updates its F1 futures odds. In the offseason, performances in testing can impact prices. Once the season has started, results, driver form, and the car’s speed contribute to odds changes.

Formula 1 Live Betting

With races lasting almost two hours, Formula 1 live betting is very popular with motorsport fans. BetMGM’s odds are on the move throughout practice, qualifying, and races.

A safety car can cause a huge change in the race winner markets. A poor pit stop might see the pre-race favourite tumble down the field.

Visit the BetMGM online sportsbook for updated Formula 1 odds, futures, parlays, live betting, and more this season.

New and existing users can also check out BetMGM promotions for potential offers.