Formula One is the top level of auto racing worldwide. It’s an international championship with Grand Prix stops in around 20 countries including Canada. F1 is the premier form of racing in the world with huge amounts of money invested by the top teams and an international fan base that continues to grow.
Having been to a Canadian Grand Prix in Montreal, I know that F1 is very popular here in Canada, and I expect it to continue to grow as a popular sport for betting in the years to come.
On this page I will recommend our top rated betting site for Canadians, look at some of the different bets you can make on an F1 race, and finish up with a simple 3 step guide you can follow to bet on Formula One online.
Best Betting Site for Canadians
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SportsInteraction.com is our top rated betting site for Canadians interested in betting on Formula 1 races online. SIA is entirely focused on the Canadian betting market and this shows through in their bet offerings, deposit/withdrawal options, promotions and customer service. They also offer a wide variety of betting options with fair odds on every F1 race.
Formula 1 Betting Options
Outright Winner
The most common wager in F1 is simply wagering on which driver will win the race on Sunday. With Formula One there are typically five or six drivers who have a chance to win (usually driving the Red Bull, Ferrari, and Mercedes cars).
Here is an example of the outright winner odds from the Canadian Grand Prix in 2023.
Fastest Qualifier
Another popular wager is betting on which driver will be the fastest qualifier and earn pole position for the race. Again, it will typically be a driver from one of the three top constructors.
Here is a screenshot of the fastest qualifier odds from the Canadian Grand Prix in 2023.
Other Prop Betting Options
There are plenty of other bets you can make on F1 races. Here is a list of a few of the other formula 1 bets you can make at SportsInteraction.com:
- Fastest Lap
- First Driver to Retire
- Winning Team
- Winning Margin
- Winning Nationality
- Head To Head Driver Betting
- Group Driver Betting
- Top 10 Finish
- Top 6 Finish
- Podium Finish
- Fastest in Practice
- Will There Be A Safety Car?
These other prop betting options are often more fun (and profitable) to wager on than the typical outright winner or fastest qualifier odds because they bring in more potential outcomes than the typical six or so drivers who have a real shot at winning each race.
Bet On F1 From Canada – 3 Step Guide
Follow these three steps to place bets on Formula 1 races online from anywhere in Canada.
Step 1. Open a SportsInteraction.com Account
Click the above link, select ‘Open Account’ and complete the sign up form to open your account.
SIA is our top rated betting site for Canadians.
Step 2. Deposit
After logging into your new account click on the ‘Deposit’ button, choose your preferred deposit method and follow the on screen instructions to complete your deposit.
Sports Interaction accepts Visa, MasterCard, Interac, iDebit, paysafecard and more.
I personally use the Interac method and consider it the best way for Canadians to get money into and out of their betting account.
Step 3. Place Your Bets
It’s time to bet!
- Click ‘Sports’ from the top menu bar.
- Open the ‘Motor Racing’ drop down menu and select ‘Formula 1’.
- Select the race you want to wager on to bring up all of the available betting options.
- Select the driver you want to bet on (or the bet you want to make).
- Enter your wager amount on the Bet Card.
- Click ‘Place Bet’ to lock in your wager.
That’s it. You can now sit back and sweat your bet while watching the race (or qualifying).
Ready to bet? Click here to visit SportsInteraction.com.
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