Latest F1 Betting Odds Canada
Formula 1, commonly referred to as F1, is a premier motorsport racing series that captivates fans from around the world. Known for its speed, technological innovation, and glamorous image, F1 has a rich history that spans several decades. In recent years, F1 betting in Canada has gained immense popularity–and for good reason.
Let’s have a look at the current available F1 betting odds for the next Grand Prix Winners, last updated onOct 22, 2024:
| F1 2024 Title Odds |  |  |  |
|---|---|---|---|
| Lando Norris | +100 | -185 | +140 |
| Max Verstappen | +200 | +125 | -192 |
| Oscar Piastri | +600 | +3300 | +5000 |
| Charles Leclerc | +650 | +5500 | +2500 |
| Lewis Hamilton | +1600 | NA | +250000 |
| George Russell | +1600 | NA | +300000 |
Formula 1 Drivers Championship 2024 – Winner – Lando Norris
F1 Betting Odds: Popular Betting Markets
All right, Young Padawan, there are so many bets you can make on F1. Some make sense, and others don’t, especially if you don’t watch every race. In this section, we will explain some of the top betting markets. As in how they work, some strategies to look into, and so much more.
Formula 1 Podium Finish Odds
One of the most wagered F1 bets is the Podium Finish odds. Without making this sound way too overcomplicated, you’re just picking a driver to finish in the top three. If the driver finishes in the top three, you win your bet. If the driver finishes outside of the top three, your bet loses.
A strategy we recommend using is trying to find value outside of the “superstars.” Unfortunately, some weeks, the stars will finish atop the charts. There’s not too much that can be done about it. That said, there are tons of situations where a no-name driver can have some good qualifying sessions and get on our radar.
Drivers Championship – Oscar Piastri
We like to look for cars with drivers who can consistently get good performances out of their million-dollar vehicles. At least for their standards. If, after each race, they keep finishing a spot higher, we feel more confident in trying to make podium bets on them. Some bettors will have different parameters depending on how they strategize, but most want to get an edge on the market by listening to the chatter that happens outside of the track.
Sometimes, a team puts a bit more money into its car, so it should race better. Heck, maybe that’s why the driver qualified better than they usually do. Getting that context can be the difference between finding a pretender and the real deal.
Always keep up with the news!
F1 Odds Constructors’ Championship
The Constructors’ Championship is essentially a battle to see who the best team is in F1. More times than not over the past few years, it’s almost easy to chalk it up as it’s going to be a win for Red Bull, but hey, there are other teams out there who do some good work. Eventually, Red Bull will go through a dry spell, and other teams will be left to pick up the pieces.
Until then, we’ll hold our breaths.
| F1 2024 Constructors Title Odds | | |
|---|---|---|
| McLaren | -1400 | -2000 |
| Red Bull | +800 | +1000 |
| Ferrari | +2500 | +2200 |
| Mercedes | +25000 | +25000 |
F1 Drivers Championship Odds
Red Bull’s Max Verstappen has been GOATed when it comes to winning the F1 Drivers Championship. The man seems to be unbeatable in recent years. That said, when you make a bet on the Drivers Championship, you’re betting on who will be the best driver at the end of the year. Your bet cashes if the driver you chose wins the Championship. It loses if your driver doesn’t win the Championship.
Max Verstappen to Win Drivers Championship
How to Read F1 Betting Odds
To simplify this, we will look at it like this (using American odds): Let’s say Lewis Hamilton is +700 to win a particular Grand Prix. If you were to bet on him to win the race, you would make seven times your initial stake. If you bet $100 on him to win, you would make $700 in profit, and you’d get to keep your initial $100 stake. Altogether, you would have $800.
Let’s say, for whatever reason, you want to bet on Red Bull’s Max Verstappen in a Grand Prix, and his odds are -500 to win the race. To make $100, you’d have to bet $500. To make $200, you’d have to bet $1000.
If you’re using a book like BetMGM, they’ll usually give odds in decimal form. That stuff can be complicated when you’re dealing with prices for drivers like Max Verstappen, so we recommend using our betting odds calculator. It’ll save you a few headaches.
How to Bet on F1 Racing
Okay, you know what you want to bet; now you must make the bet. This can seem intimidating, but it’s not that hard.
We’re pretty sure you already have a sportsbook that you like to use, but if not, these are the sportsbooks we trust at CSB.
Once you’re on the sportsbook, whether on the website or the mobile app, go into the sports section. Some sportsbooks will have an A-Z sports section. Find the motorsports heading and click on it. You’ll usually find a bunch of options, including F1, or it’ll be spelled out as “Formula One.”
Nevertheless, click the option, and it’ll take you to the F1 section. From there, you can bet on a single race, futures bets, and more.
Find the bet you want, put it into your bet slip, and enter in how much you want to wager. Confirm your bet, and you should be ready to go!
2024 F1 Schedule
- February 29-March 3: Bahrain Grand Prix
- March 7-9: Saudi Arabian Grand Prix
- March 22-24 : Australian Grand Prix
- April 5-7: Japanese Grand Prix
- April 19-21 Chinese Grand Prix
- May 3-5: Miami Grand Prix
- May 17-19: Emilia Romagna Grand Prix
- May 24-26: Monaco Grand Prix
- June 7-9: Canadian Grand Prix 🍁
- June 21-23: Spanish Grand Prix
- June 28-30: Austrian Grand Prix
- July 5-7: British Grand Prix
- July 19-21: Hungarian Grand Prix
- July 26-28: Belgian Grand Prix
- August 25-27: Dutch Grand Prix
- August 30-September 1: Italian Grand Prix
- September 13-15: Azerbaijan Grand Prix
- September 20-22: Singapore Grand Prix
- October 18-20: United States Grand Prix
- October 25-27: Mexican Grand Prix
- November 1-3: Brazilian Grand Prix
- November 22-24: Las Vegas Grand Prix
- November 29-December 1: Lusial Grand Prix
- December 6-8: Abu Dhabi Grand Prix
Formula 1 Drivers and Teams 2024
| Team | Driver |
| AlphaTauri-Red Bull | Daniel Ricciardo, Yuki Tsunoda |
| Alpine-Renault | Esteban Ocon, Peirre Gasly |
| Aston Martin-Mercedes | Fernando Alonso, Lance Stroll |
| Ferrari | Charles Leclerc, Carlos Sainz Jr. |
| Haas-Ferrari | Kevin Magnussen, Nico Hülkenberg |
| McLaren-Mercedes | Oscar Piastri, Lando Norris |
| Mercedes | Lewis Hamilton, George Russell |
| Red Bull Racing | Sergio Perez, Max Verstappen |
| Sauber | Valtteri Bottas, Zhou Guanyu |
| Williams-Mercedes | Alex Albon, Logan Sargeant |
Formula 1: 2024 Season Overview
A whole set of circumstances can affect each race throughout the season and the formula 1 betting predictions and while there may be overall favourites for the title over the course of the season each race, when considered on its own, can throw out a vast array of different plot lines.
That means that as the season continues, we could see a whole host of names in pole position and winning Grand Prix races, even if they are not expected to challenge for overall glory. All of this means that Formula One can be hugely rewarding if you select the right bets.
And, right now, there is one question on most people’s minds – will anyone be able to stop Max Verstappen in 2024, who’s blazing his way to championship thus far. At odds as low as -1400 to win it all, Verstappen has a commanding lead on the competition.
As noted above, any driver could win any race, but over the length of the entire season, it is more than likely to come down to a straight shoot-out between Verstappen and his Red Bull teammate, Sergio Perez.
And in terms of individual glory, it is also worth mentioning Lewis Hamilton. The Brit has reigned over F1 for what seems like ages and is still one of the most exciting talents in the sport. With outsider odds as high as +50000, Hamilton has a lot of ground to cover, but considering his track record, it could be worth a look.
And finally, a quick reminder that all 20 of the Formula One Grand Prix races can be bet on individually as the season progresses. In addition, there are a wide array of options offering far more than a bet based simply on who will finish first in any given race – you may also bet on whether a driver will finish a race, who will come in last or who will start a race in pole position
The History of F1 Racing
Formula 1, commonly referred to as F1, is a premier motorsport racing series that captivates fans from around the world. Known for its speed, technological innovation, and glamorous image, F1 (or motorsport F1) has a rich history that spans several decades. In recent years, F1 betting has gained immense popularity, allowing fans to not only enjoy the thrilling races but also engage in exciting wagering activities like betting on F1 driver standings futures. Let’s delve into the captivating history of Formula One racing while exploring the emergence and growth of F1 betting, particularly in Canada.
The roots of F1 racing can be traced back to the early 20th century when motorsport enthusiasts began organizing races to push the limits of automotive engineering. However, it was not until 1950 that the Fédération Internationale de l’Automobile (FIA) established the Formula One World Championship, marking the birth of F1 racing as we know it today.
The inaugural season of F1 racing featured seven races, with the British Grand Prix at Silverstone serving as the opening event. Giuseppe Farina, driving an Alfa Romeo, claimed victory in the championship’s first race and ultimately became the first-ever Formula One World Champion.
Throughout the 1950s, Formula One racing saw fierce competition among legendary drivers such as Juan Manuel Fangio, Alberto Ascari, and Stirling Moss. These early years laid the foundation for the intense rivalries and fierce battles that would define the sport for years to come.
As the years progressed, F1 racing underwent significant changes and innovations. The 1960s witnessed the introduction of sleeker and faster cars, incorporating advancements in aerodynamics and engine technology. Drivers like Jim Clark and Graham Hill dominated the decade, leaving a lasting impact on the sport.
The 1970s brought about a new era in Formula 1 racing with the emergence of powerful engines and groundbreaking safety measures. Names like Niki Lauda, James Hunt, and Jackie Stewart became synonymous with speed, skill, and determination.
In the 1980s, F1 racing experienced a technological revolution with the introduction of turbocharged engines and the widespread use of computerized data analysis. This decade saw the legendary battles between Ayrton Senna and Alain Prost, captivating fans worldwide with their skillful driving and intense rivalry.
The 1990s and 2000s witnessed the domination of Michael Schumacher, who became the most successful driver in F1 history, securing seven World Championships. This era also saw the emergence of new talents like Mika Hakkinen and Fernando Alonso, who challenged Schumacher’s reign.
In recent years, F1 racing has continued to evolve, embracing technological advancements while maintaining its status as the pinnacle of motorsport. The introduction of hybrid power units and the emphasis on sustainability have made F1 a laboratory for innovation and eco-friendly engineering.
In Canada, F1 betting has gained tremendous popularity. Fans can bet on Formula 1 and test their predictions and knowledge against the odds.
F1 betting in Canada offers a variety of options, including F1 betting lines and F1 odds. Betting on Formula 1 has become an exciting way for fans to engage with the sport and potentially earn rewards based on their predictions. Grand Prix betting has become particularly popular, with fans analyzing driver performance, team strategies, and track conditions to make informed wagers.
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F1 Betting Canada FAQs
Canadian F1 fans can watch each and every race, plus the qualifying sessions, on TSN. There is a range of sites that allow users to stream the F1 from their computers; ESPN is a company that offers a streaming service to computer users. Alternatively, ESPN as a channel on the television covers all the F1 races throughout the season.
There are 24 races in the F1 season, 11 of which take place in Europe while the other 13 take place in other countries around the world. Historically, F1 has been a European sport.
There are 10 teams in F1, consisting of two drivers each, along with some reserves for each team. They are as follows: Williams, Haas, Alfa Romeo, AlphaTauri, McLaren, Renault, Racing Point, Ferrari, Red Bull, and Mercedes.
20 drivers compete in each F1 season, each of the 10 teams will have two drivers each season. These drivers often change from season to season, with the most reputable drivers staying with teams for a longer period of time – sometimes their entire career.
Yes, you can legally bet on F1 in Canada. Just use one of our recommended sportsbooks, and you’ll be good to go. You can bet on outrights and you can also bet race by race. As well as that, there is the option to bet on the Constructors Championship, which relates to the companies (such as McLaren) that design the cars. Which team will be the best?
F1 cars use highly automated semi-automatic sequential gearboxes, which use paddle-shifters on the steering wheel to move through the gears. They have 8 forward gears and 1 reverse gear.
No. In fact, F1 cars are entirely rear-wheel drive. This means that drivers must become much better at driving in order to maintain control of the car.
Currently Aston Martin-Mercedes driver Lance Stroll is the only Canadian F1 driver. However, there have been 14 Canadian F1 drivers. Giles Villeneuve is ranked among the greatest drivers of all time and his son, Jacques, won the World Drivers’ Championship in 1997.
Well, this question is highly subjective. However, it is widely accepted that the Silverstone Circuit in the United Kingdom is the greatest F1 circuit of them all.
Although F1 involves driving a car, the physical exertion involved in moving at such high speeds means drivers have to regularly withstand up to 3.5g. It’s important that drivers are very physically fit in order to race properly.
