Formula 1 Betting Odds - Bet on F1 Online at Stake Sportsbook

Betting on Formula 1 2023 is a great way to make the most out of motor racing, as it allows you to back the fastest drivers ahead of race day.

Stake sportsbook is a leading online betting site on which you can access the best race odds for all events on the Formula 1 2023 calendar, providing you with many options for betting on Formula 1.

Whether you fancy someone for a podium finish or want to back an individual race winner for the entire championship, we have the F1 betting option for you.

So, read on to find out everything you need as you watch the action unfold throughout the Formula 1 2023 season. For more information and betting tips, check out our Formula 1 betting guide .

When is Formula 1 2023?

The Formula 1 2023 season runs from March 5 – November 26, 2023. There will be 23 races in the entire season, with the first of the season in Bahrain and the final championship race in Abu Dhabi at the end of November.

Formula 1 2023 Calendar

The calendar for the 2023 FIA Formula One World Championship contains 23 Grands Prix, as follows:

Who is Racing in Formula 1 2023?

Round Date Grand Prix Circuit Location
1 Mar 5 Bahrain Grand Prix Bahrain International Circuit, Sakhir
2 Mar 19 Saudi Arabian Grand Prix Jeddah Corniche Circuit, Jeddah
3 Apr 2 Australian Grand Prix Albert Park Circuit, Melbourne
4 Apr 30 Azerbaijan Grand Prix Baku City Circuit, Baku
5 May 7 Miami Grand Prix Miami International Autodrome, Miami Gardens, Florida
6 May 21 Emilia Romagna Grand Prix Imola Circuit, Imola
7 May 28 Monaco Grand Prix Circuit de Monaco, Monaco
8 Jun 4 Spanish Grand Prix Circuit de Barcelona-Catalunya, Montmeló
9 Jun 18 Canadian Grand Prix Canada Circuit Gilles Villeneuve, Montréal
10 Jul 2 Austrian Grand Prix Austria Red Bull Ring, Spielberg
11 Jul 9 British Grand Prix Silverstone Circuit, Silverstone
12 Jul 23 Hungarian Grand Prix Hungaroring, Mogyoród
13 Jul 30 Belgian Grand Prix Circuit de Spa-Francorchamps, Stavelot
14 Aug 27 Dutch Grand Prix Circuit Zandvoort, Zandvoort
15 Sep 3 Italian Grand Prix Monza Circuit, Monza
16 Sep 17 Singapore Grand Prix Marina Bay Street Circuit, Singapore
17 Sep 24 Japanese Grand Prix Suzuka International Racing Course, Suzuka
18 Oct 8 Qatar Grand Prix Lusail International Circuit, Lusail
19 Oct 22 United States Grand Prix Circuit of the Americas, Austin, Texas
20 Oct 29 Mexico City Grand Prix Autódromo Hermanos Rodríguez, Mexico City
21 Nov 5 São Paulo Grand Prix Interlagos Circuit, São Paulo
22 Nov 18 Las Vegas Grand Prix Las Vegas Strip Circuit, Las Vegas, Nevada
23 Nov 26 Abu Dhabi Grand Prix Yas Marina Circuit, Abu Dhabi

All eyes will be on the first race of the Formula 1 2023 season in Bahrain to see who starts in pole position. The likes of Charles LeClerc (Scuderia Ferrari), Daniel Ricciardo (McLaren), and Lance Stroll (Aston Martin) will all race in the 2023 season, while British eyes will be on Lewis Hamilton (Mercedes AMG Petronas) as he looks to add to his seven championship titles.

Of course, much attention will be on Dutchman Max Verstappen (Red Bull) as he looks to make it three championships on the bounce as he takes to the track at the start of the F1 2023 season.

Format and Schedule of Formula 1

There are 23 race days in the Formula 1 season – the first race is in Bahrain, and the final race is in Abu Dhabi. You can bet on Formula 1 races throughout the season, backing individual drivers or teams to win on particular tracks.

In addition to the individual driver championship, there is a constructor league table, enabling you to bet on both driver and manufacturer.

Drivers and manufacturers earn points for their performance in each race, which tallies up as the season progresses until a winner is announced after the season’s final race.

History of Formula 1

Formula 1 was officially launched in 1946, with the first race taking place in Turin, Italy. The success of the European Motor Racing Championships in the 1920s and 1930s was a post-war effort to improve the motor racing network around the world.

The first official world championship race took place at Silverstone in 1950 and was won by Giuseppe Farina of Alfa Romeo.

Things developed quickly in the 1970s and 1980s, and Formula 1 became a global sport, not just a European one. New safety rules were introduced in the 1990s following some high-profile fatal crashes, and F1 entered a new dawn.

From 1984 – 2004 drivers from the “Big Four” (McLaren, Williams, Renault, and Ferrari) won every World Championship, but things have changed in recent years with the emergence of Mercedes and other manufacturers.

Today, Formula 1 is the most popular competition in motor racing and is watched by motorsports enthusiasts and sports betting fans worldwide.

How to Bet on Formula 1 and Bet Types

There are several different ways to bet on Formula 1 2023, including:

  • Winner: The easiest way to bet on F1 is to pick the winner of an upcoming race. You can also place a futures bet on the outright winner of the F1 championship if you wish.

  • Top 3: If a driver finishes in the top 3 in a race, it’s a podium finish. You can back individual racers to finish in the top 3 if you can’t select an outright winner.

  • Top-scoring rookie: Lewis Hamilton and Michael Schumacher have previously won the top-scoring rookie prize. This is a great bet to place on newcomers to the F1 circuit and allows you to invest in the progress of a fledgling racer.

  • To finish bottom: Rather than backing a racer to win the championship, you can place a bet on them to finish bottom of the pile in the end-of-season standings. You can also set a wager on which manufacturer you think will finish bottom of the league.

Live Betting Options for Formula 1

As well as making your pre-race selections, you can place several live bets after the race has started. Bet on things like whether a racer will finish on the podium or if you think they will end the race in the top six. The beauty of live F1 betting is that you can respond to the conditions and place bets based on how a driver has started the race.

Formula 1 Betting Odds and Payouts

Placing F1 bets at is easy, and you can get started by creating a free account. You can then load your account with the cryptocurrency of your choice and set your odds according to your preferences – in decimal form, fractions or in the American format. We also offer Hong Kong, Malaysian and Indonesian formats.

As a crypto online sportsbook, you can benefit from instant payouts from your Stake account for all winning F1 bets, meaning you don’t need to wait an eternity to access your winnings.

If you love motorsports betting, be sure to check out the betting odds and markets for other popular car racing tournaments, including Indycar and Stock Car Racing.

Formula 1 Betting Tips and Strategies

If you’re keen to get started with Formula 1 betting this season, use these tips to help you pick winners:

  • Always consider the conditions ahead of a Formula 1 race, as some drivers perform better in the rain than others.

  • The current form of a driver significantly impacts how well they’re likely to do in an upcoming race, so be sure to check how they’re currently driving before backing them

  • It’s also helpful to look at how drivers typically perform at each race track. Some drivers have a great record at specific venues, so review their previous performances.

  • Keep up to date with the latest predictions with our elite tips online , and take advantage of our latest betting promotions .