Best F1 Betting Sites for Indians

The complete guide to F1 Betting and our top recommended sites to bet on Formula 1 races.

15+ Recommended Sites for Formula 1 Betting

Top 5 F1 Betting Sites Pros and Cons
Company prosAndConsAction
Parimatch
Highest odds for Formula 1
Fastest payouts
Top parlay bets available
Not the most beginner-friendly bonus
450% Bonus Package Up To ₹50,000
1xBet
65+ betting markets for Formula 1
Best accumulator bets for F1
Event Watchlist feature with countdown timer
Not the highest odds for F1
120% Up To ₹66,000
Exclusive Bonus Code: MYBVIP
22Bet
Very wide variety of betting markets for F1
Decent odds for F1
Accumulator of the Day feature
Not the most user-friendly app or website
Bonus Up To ₹11,000
100% Deposit Bonus
Fun88
3 different gaming vendors with varied odds for F1
Very high odds for F1 in India
One-click access to favourite events on the app
Limited bonus amount
Bonus Up To ₹20,000
300% Deposit Bonus
1Win
Best options for outright F1 bets
50+ betting markets with decent odds
Special seasonal promos for Formula 1
Steep wagering requirements
No UPI payments
500% Welcome Bonus Package
More Formula 1 Betting Sites
Company Bonus Turnover Validity Min. OddsAction
Dafabet bonus
Dafabet bonus
Dafabet
5/5
160% Up To ₹16,000
Turnover
15x
Validity
45 days
Min. Odds
1.50
LeonBet bonus
LeonBet bonus
LeonBet
4/5
Free Bets Up To ₹20,000
Turnover
10x
Validity
8 days
Min. Odds
1.5
Get a Bonus Up To ₹39,000
Use code MYBVIP
Turnover
5x
Validity
30 days
Min. Odds
1.40
10Cric bonus
10Cric bonus
10Cric
4/5
Bonus Up To ₹32,000
100% Deposit Bonus
Turnover
7x
Validity
90 days
Min. Odds
1.80
Get Boosted Odds Daily!
Turnover
N/A
Validity
No expiration
Min. Odds
Bonus Up To ₹8,000
100% Deposit Bonus
Turnover
5x
Validity
30 days
Min. Odds
1.40
20Bet bonus
20Bet bonus
20Bet
4/5
Bonus Up To ₹9,000
Turnover
5x
Validity
14 days
Min. Odds
1.5
Bettilt bonus
Bettilt bonus
Bettilt
4/5
₹44,000 Welcome Package + ₹1,000 in Free Bets (Special Offer)
Turnover
15x
Validity
30 days
Min. Odds
1.80
4raBet bonus
4raBet bonus
4raBet
4/5
230% Up To ₹23,000
Bonus Code: MYBETTING
Turnover
10x
Validity
7 days
Min. Odds
1.70
Melbet bonus
Melbet bonus
Melbet
4/5
100% Up To ₹20,000
Turnover
5x
Validity
30 days days
Min. Odds
1.40
200% up to ₹100,000
Turnover
30x
Validity
30 days
Min. Odds
1.90
Rabona bonus
Rabona bonus
Rabona
4/5
Bonus Up to ₹10,000
EXCLUSIVE 100% Deposit Bonus
Turnover
6x
Validity
30 days
Min. Odds
2.0
200% Welcome Bonus
Turnover
40x
Validity
No expiration
Min. Odds

Your Guide to Formula 1 Betting

We have seen that F1 betting in India is gradually gaining popularity due to the increasing interest in motorsports, particularly Formula 1.

While cricket has traditionally dominated the Indian sports betting scene, Formula 1 has a niche audience that enjoys betting on races, drivers, and various other aspects of the sport. According to our research, most of the users betting on F1 in India are Millenials or younger working professionals who enjoy watching the sport.

This page is specially created as a guide for beginners who are looking to start betting on Formula 1, and also for F1 Betting experts looking for the best F1 betting sites and bonuses.

F1 Events Calendar - Upcoming Events

F1 United States Grand Prix - 18th to 20th October 2024

F1 Gran Premio De La Ciudad De Mexico - 25th to 27th October 2024

F1 Grande Premio De Sao Paulo - 1st to 3rd November 2024

F1 Las Vegas Grand Prix - 21st to 23rd November 2024

F1 Qatar Grand Prix - 29th November to 1st December 2024

F1 Abu Dhabi Grand Prix - 6th to 8th December 2024

Top 10 Formula 1 Betting Sites

1. Parimatch ⭐️⭐️⭐️⭐️⭐️

Parimatch offers the most number of betting markets (67) for F1 and also the highest odds for the sport. Parimatch has the widest sportsbook for motor racing events if you're interested in other tournaments apart from F1.

The Parimatch app is unbeatable in terms of usability and convenience. The payments are swift and payment methods plenty. Parimatch also has one of the biggest bonuses in India (second only to 1xBet) and a decently prompt customer service.

Visit Parimatch Now

2. 1xBet ⭐️⭐️⭐️⭐️⭐️

1xBet offers F1 betting options just as good as Parimatch. They actually are only 1 betting market short from Parimatch, with 66 options available. But the biggest reason why 1xBet is placed after Parimatch is the difference in betting odds. 1xBet offers very average odds for F1.

That's not to say that 1xBet is not one of the greatest betting sites in India and our second favourite for Formula 1 Betting. With a huge exclusive bonus, same-day payouts, and user-friendly mobile app, there's not much that we can complain about for 1xBet.

Visit 1xBet Now

3. 22Bet ⭐️⭐️⭐️⭐️⭐️

It's no secret that 22Bet offers one of the biggest sportsbook in India. For F1, it has one of the widest variety of betting markets with quite decent odds. It also offers a great Accumulator of the Day feature for live events.

It may look old and difficult to navigate, but 22Bet is actually okay to use once you get the hang of it. And it's one of the best live betting platforms for F1 betting.

Visit 22Bet Now

4. Fun88 ⭐️⭐️⭐️⭐️⭐️

Fun88 has the most varied betting options and high odds for Formula 1. They offer all users 3 different betting software to choose from so you get to compare odds and betting markets before selecting the best option for you.

Despite the limited yet value-for-money bonus, we believe Fun88 is one of the best betting sites in India with a great mobile app. We highly recommend.

Visit Fun88 Now

5. 1Win ⭐️⭐️⭐️⭐️

1Win is a great pick for those looking for new betting sites. With 50+ betting markets for F1, 1Win is our favourite for placing outright bets.

The only problem we have with 1Win is the limited payment options (they only have bank transfer and crypto at the moment, and no UPI). We can only hope that changes soon as it takes 2-3 business days for the bank transfers to process whereas UPI takes a few hours.

Visit 1Win Now

6. Dafabet ⭐️⭐️⭐️⭐️

Dafabet is not in our top 5 but it's still a great option for betting on Formula 1 events and the overall championship. The betting markets are plenty but not overwhelming, and the odds are also quite decent.

This plus the small, value-for-money welcome bonus with low wagering makes Dafabet the ideal choice for beginner-level players. Dafabet also has a really good mobile app and a downloadable desktop version of the software as well.

Visit Dafabet Now

7. Leonbet ⭐️⭐️⭐️⭐️

Okay, hear us out - Leon only has around 25 betting markets for F1. But they cover all the outright bets and the welcome bonus is great, along with high betting odds. The reason Leon is in our top 10 is mainly because of the good variety of betting markets despite the limited number.

Another reason is that Leon also provides bonuses and promos for F1 when the Grand Prix events are on-going. We especially like Leon for its ease of use for beginner players.

Visit Leon Now

8. Megapari ⭐️⭐️⭐️⭐️

Megapari has a lot to recommend it - 40+ betting markets for F1, average to good odds, big exclusive welcome bonus, and low wagering requirements. It also has a very good mobile app that all types of users will love.

It's actually the lowest wagering bonus for F1 so we highly recommend Megapari for people who are indulging in F1 betting for the first time and don't want to risk a big sum of money while they are still on training wheels.

Visit Megapari Now

9. 10Cric ⭐️⭐️⭐️

10Cric is a long-time player and a user-favourite overall for many different sports. 10Cric offers 25+ betting markets for F1 with average odds (slightly lower than 1xBet). The live betting functionality for 10Cric is also decent.

The only significant disadvantage is that they don't process same-day payouts and take a couple of days to complete withdrawals. But the site is perfect for high rollers because the transaction limits for deposit and withdrawal are quite wide. So users can easily withdraw or deposit large amount of money in one go.

Visit 10Cric Now

10. Sportsbet.io ⭐️⭐️⭐️

Sportsbet.io is a good betting site with several betting options (20+ markets for Formula 1). They offer average betting odds for future bets but users can avail their daily boosted odds promo to get better odds for live events.

The main reason for placing Sportsbet.io at 10 is that they don't have any cash welcome bonus. But the betting experience on the site is still quite good, with swift payments and remarkable live betting features.

Visit Sportsbet.io Now

Legitimacy and Legality of F1 Betting Sites in India

All of our recommended sites are licensed by recognized regulatory bodies (such as Malta Gaming Authority, or the UK Gambling Commission, etc.).

We never ever recommend or list betting sites that do not have a valid license. Since all of these betting sites are based outside of India, it is NOT ILLEGAL to bet on them.

This is because, in India, there is no central law that outrightly bans "online gambling". Some states (like Tamil Nadu and Karnataka) have banned online betting and gambling sites, but in most Indian states, online gambling remains largely unregulated.

So playing or betting on a site based outside of India will not land you in legal trouble. But be sure to check your state's local laws before you start betting.

Best F1 Betting Bonuses

This is a list of welcome bonuses that you can use for betting on Formula 1.

Company BonusAction
450% Bonus Package Up To ₹50,000
1xBet bonus
1xBet bonus
1xBet
5/5
120% Up To ₹66,000
Exclusive Bonus Code: MYBVIP
22Bet bonus
22Bet bonus
22Bet
5/5
Bonus Up To ₹11,000
100% Deposit Bonus
Dafabet bonus
Dafabet bonus
Dafabet
5/5
160% Up To ₹16,000
Fun88 bonus
Fun88 bonus
Fun88
5/5
Bonus Up To ₹20,000
300% Deposit Bonus
Bettilt bonus
Bettilt bonus
Bettilt
4/5
₹44,000 Welcome Package + ₹1,000 in Free Bets (Special Offer)
10Cric bonus
10Cric bonus
10Cric
4/5
Bonus Up To ₹32,000
100% Deposit Bonus
Bonus Up To ₹8,000
100% Deposit Bonus
LeonBet bonus
LeonBet bonus
LeonBet
4/5
Free Bets Up To ₹20,000
Get a Bonus Up To ₹39,000
Use code MYBVIP

How to Start Betting on Formula 1

Starting to bet on Formula 1 (F1) is quite simple actually. All you need to be aware of are the rules and format of the races before you start betting.

F1 Betting guide

Here's our detailed guide about F1 Betting:

F1 Betting Guide for Beginners

1
Understand the basics of F1 Betting

Before placing any bets, it’s important to understand the types of bets (betting markets) available in F1 betting:

  • Race Winner: Bet on the driver you think will win the race.
  • Podium Finish: Predict which driver will finish in the top 3.
  • Qualifying Winner: Bet on the driver who will qualify in pole position.
  • Fastest Lap: Predict who will clock the fastest lap during the race.
  • Driver vs. Driver: Wager on which of two drivers will finish ahead in a race.
  • Championship Bets: Bet on who will win the overall Drivers' or Constructors' Championship.

Before you start placing bets, you will need to know the rules of the sport, the format of race weekends (practice, qualifying, and the race), and which drivers or teams are in form.

2
Choose a betting site and sign up

On this page, you will find enough options to choose an appropriate F1 betting site. Depending on what your priority is (betting markets, odds, or bonus), select your preferred betting site and click the green Claim button to sign up.

Registration will normally require you to fill out personal details such as name, phone number, address, and email/password etc.

To make your life easier, you can just pick any of our top 3 F1 Betting Sites:

3
Deposit funds and claim welcome bonus

Some sites may require you to activate the welcome bonus before adding funds to your account. Others usually add the bonus money to your account automatically after the first deposit. Make sure you check how to get the bonus before making your first deposit.

Most of our recommended F1 betting sites offer the following payment methods:

  • UPI
  • Paytm
  • PhonePe
  • Google Pay
  • NEFT/ IMPS (bank transfer)
  • Skrill
  • Neteller
  • Visa/ Mastercard
  • Cryptocurrency
4
Check betting odds

F1 betting odds are very important because they determine how much you stand to win. Odds can be presented in different formats:

  • Decimal Odds: Most popular way of presenting odds in India. If the odds are 3.00 and you bet ₹100, you’ll win ₹300 (including your ₹100 stake).
  • Fractional Odds: Common in the UK. If the odds are 2/1, you’ll win ₹200 on a ₹100 bet.
  • American Odds: Displayed as +200 (you’d win ₹200 for a ₹100 bet) or -150 (you need to bet ₹150 to win ₹100).

Most sites will let you choose the way odds are presented. We recommend viewing the odds in decimals as it's the easiest way, even for beginners.

You should always compare odds across different platforms to maximize your potential returns. But we have already done the comparison for you! The highest F1 betting odds are offered by Parimatch and Fun88.

5
Place your bet

Go to the F1 betting section of your chosen site and browse the available markets for the upcoming race. Decide on the type of bet you want to place:

1. Select Your Bet
: Choose the driver, team, or event you want to bet on (e.g., Race Winner, Fastest Lap, Podium Finish, etc.).
2. Enter Your Stake
: Decide how much you want to bet.
3. Confirm
: Review your bet, including the potential payout based on the odds, and place it.

If you're following the race as it happens, you may also want to indulge in a bit of live betting. 22Bet and 1xBet both offer pretty great live betting platforms for Formula 1.

6
Withdraw your winnings

If you win the bet, your winnings are credited to your betting site account. Before you can withdraw them, you will need to complete bonus turnover requirements (wager the bonus a certain number of times). This is only when you're playing with a bonus.

Withdrawals take anywhere between an hour to 3 business days (usually) to process. Check the payout times of your chosen betting site beforehand.

The best way to withdraw money is either through UPI (quickest) or bank transfer (most commonly available).

Be aware that you will need to complete a KYC check before you can request a withdrawal for your winnings.

Always Bet Responsibly

Tomesh Kulkarni
Tomesh Kulkarni - Editor

Here's how to indulge in responsible betting.

  • Set Betting Limits: Only bet with money you can afford to lose.
  • Manage Your Bankroll: Avoid chasing losses by setting a budget for each race or weekend.
  • Know When to Stop: If you find yourself getting too caught up, consider taking a break or using responsible gambling tools provided on the platform (you may have to contact customer support for this).

Helpful F1 Betting Tips

Here are some pro tips by MyBetting Expert Vishal to help you bet (and hopefully win) on Formula 1 races.

Formula 1 Betting Tips

✔️ Familiarise Yourself with Track Characteristics

Every track on the Formula 1 calendar is different and knowing which circuit will play to the strengths of which car and driver is vital. Gathering information on things like whether a track is a low-downforce venue, or if it has a large number of straights or more high-speed corners than low speed is the first step.

Maybe you find that Red Bull are stronger on a low-downforce track that season, or that Ferrari is best suited to the demands of a street circuit. It all helps give clarity on which teams to bet on and which to avoid on any given Grand Prix weekend.

Knowing about Track Characteristics requires some research so that you can place smart bets.

✔️ Pay Attention to Driver Form

They may not always say it, but all drivers have their favourite circuits which they look forward to racing. It might be due of the make-up of the track, or, more likely, that they've had previous success at the venue.

If it's the latter, factor that into your choice of bet. If a driver has been performing well recently but is now racing at one of his favoured venues, he's the one to keep in mind when making any bets.

✔️ Keep an Eye on Track Temperatures

Track temperature can actually affect the performance of tyres and knowing which teams and cars manage the tyres better than others can be crucial. Changing conditions may present an opportunity to indulge in live betting.

But always be sure to pick a live betting site with cash-out feature so you can minimise any losses if the conditions of the race start going another way.

✔️ Check the Weather Forecast Before a Race

Always be aware of the weather forecast when placing a bet on F1. Weather can significantly impact the performance of drivers and cars.

When a track is wet, the cars with the highest top-speed are hindered and may struggle to reach that speed. Examine who has won races in wet conditions in the past to find which drivers will cope best with rain.

Vishal Dhawal
Vishal Dhawal
Betting Expert

My Own Experience with F1 Betting

I started F1 betting about 5 years ago. Back then, very few online betting sites offered F1 markets. My site of choice was 1xBet. As a beginner back in 2019, I chose to make only two bets - on the overall standings at the end of the season.

While I lost my bet on Verstappen (driving for Red Bull) topping the Drivers table, I did correctly predict Mercedes winning the Constructors competition. I won about 7k on Mercedes!

Even though it's not my biggest F1 betting win to date (that's 23k INR in 2023), it's still my most memorable experience because it was my first time betting on Formula 1.

How We Rank F1 Betting Sites

Our ranking for F1 betting sites is mainly awarded on the basis of these 3 factors - F1 betting markets, betting odds, and welcome bonus. This is our primary criteria for a higher rank.

  1. Betting Markets - The more number of F1 betting markets a site has, the higher up it will be ranked.
  2. Betting Odds - Higher odds than average tend to rank better.
  3. Welcome Bonus - We see if the bonus amount is generous, good value for money, and does not have very high wagering. Exclusive MyBetting bonuses are ranked higher up on the list.

Secondary factors we take into account include - mobile app usability, betting site user experience, live betting options, payment methods and payout speeds, and customer service.

  • Mobile app usability - Should be easy to navigate and user-friendly
  • Betting site UX - Smooth functioning without lags or crashes
  • Live betting - Must have live cash-out, dynamic odds, and other such features
  • Payment options - Plenty of commonly used and trusted payment methods like UPI
  • Payout speed - Must payout withdrawals within 3 days
  • Customer service - Must respond promptly and helpfully to resolve issues