Formula 1 Betting with Bitcoin: Ultimate Guide (2023)
With a new season of Formula 1 underway, Bitcoin casinos with sportsbooks are hard at work preparing competitive odds and bonuses for their players. Luckily for you, Formula 1 betting with Bitcoin has never been easier.
2023 marks some exhilarating developments in the F1 crypto betting industry, like an exciting new sponsorship (more on that later) and new betting markets up for grabs.
Still need to join in on the fun? Perfect – you’re just in time.
Stick around to find out:
- How to bet on F1 with BTC and other altcoins
- Where to find the best F1 bookies
- Top tips for making a profit
Start your engines; we’re off! 🏁
Top Picks for F1 Bitcoin Betting
Pinched for time? Start betting immediately at one of our five best sites for Formula 1 betting with Bitcoin:
Unpacking the Best F1 Bitcoin Betting Sites
Still around? Great, because there’s still so much more to know about the world of crypto F1 betting, like what makes our favorite 3 Bitcoin sportsbooks for F1 betting so special. Some points that immediately come to mind include:
- They all offer competitive F1 odds
- You can choose from a range of F1 betting markets
- Bitcoin deposits and withdrawals are fuss-free
And that’s just the tip of the iceberg. So, without further ado, let’s dive into the nitty gritty of F1 crypto betting at our top choice:
🥇Stake – Official Alfa Romeo F1 Team Partner
Stake is, hands down, the best F1 Bitcoin bookie. This site has an extensive F1 offering, but it’s their recent partnership with F1 team Alfa Romeo that’s put this bookie in the headlines.
What does this mean for F1 fanatics with a penchant for crypto betting? Well, more opportunity for engagement, for one. Alfa Romeo has never been a podium winner, but Stake loves an underdog. There’s a good chance you’ll get special odds for all bets involving team Alfa Romeo – but we’ll be sure to update you if that’s the case.
With the 2023 F1 season underway, there’s no telling yet what this sponsorship will mean for BTC F1 bookies in the future, but we personally can’t wait to find out.
Other than Stake’s newsworthy partnership, there’s a lot to love at this bookie as an F1 fan. First things first, you’ll find a plethora of great odds and betting markets. You can also place live bets once races are underway.
Some other perks you’ll find at Stake:
- Intuitive bet builder feature
- Regular boosted odds
- Various sports-specific bonuses
- On-the-ball live chat services
And, like other bookies, Stake isn’t without its cons:
❌ No fiat deposits
❌ KYC required
Now that we’ve got that out the way, we can’t wait to show you the Stake x Alfa Romeo reveal:
Convinced by that super-cool reveal? Sign up and start betting on your favorite drivers and teams right away:
🥈BC.Game – Match Deposit Bonus Up to 360%
BC.Game is our runner-up for the title of best Bitcoin bookie for Formula 1 betting. Although the casino’s sportsbook is relatively new, they’ve managed to leave many of their competitors in the dust.
At this bookie, you can enjoy a diverse set of F1 betting markets, such as the Drivers’ Championship, Top 3, and Race Winner – just to name a few.
One thing that sets BC.Game apart out from their competitors is their intuitively laid-out sportsbook. During our test, we found it incredibly easy to move around the site and bet on a bunch of different markets. The bookie uses a ‘show more’ tab to save on space and streamline the experience.
We also love BC.Game’s nifty betslip and quick bet feature. It’s never been easier to make a bet and keep track of it.
Aside from their fantastic F1 betting offering, BC.Game has a bunch of other perks that will make you want to stick around:
- Regular, generous promotions
- Occasional welcome bonus
- Boosted odds
- Active community and forum
- Over 40 more sports to bet on
However, every rose has its thorns – and BC.Game is no exception:
❌ No F1 promos
❌ KYC required
Undeterred? Start your F1 crypto betting journey right away:
🥉JustBit – Low Wagering Requirements
If you’re a Formula 1 racing enthusiast looking for a sportsbook with competitive odds and low requirements, Justbit might be the perfect fit for you.
Plus, they offer a 45% cashback bonus, which means you’ll receive a percentage of your net losses back into your account. It’s an especially great feature if you want to test the waters without committing to hefty deposits.
As for the odds, the competitive values for F1 races are something to look forward to.
Here are some of their most notable pros:
- Low wagering requirements
- Several betting markets to choose from
- Modern and easy-to-use website
Cons:
❌ No on-going sports promotions
Check out what else JustBit has to offer:
How to Bet on F1 with Bitcoin
If you’ve ever wagered at any Bitcoin sportsbooks before, you’ll know that the process is relatively easy. Newbies, we’ll clue you in with a few simple steps:
- Set up a Bitcoin-friendly wallet. This should be your first port of call if you haven’t already got a wallet on hand. You’ll need it to store your BTC or any other crypto you decide to bet on F1 with. No need to shop around for the best wallets, we’ve got guides on the top Bitcoin-friendly wallets, and even the most popular Dogecoin wallets.
- Buy BTC on a crypto exchange. As the most popular altcoin out there, BTC is readily available on all the major exchanges. Some sites, like BC.Game, have their own exchanges to make the process even simpler. Otherwise, go for options like Coinbase or Kraken.
- Sign up at any top F1 crypto bookie. You’re certainly not short on options! A quick reminder of our top picks is in order: BC.Game, Stake, and Rocketpot.
- Deposit tokens into your account. Once you’ve registered at a crypto bookie offering F1 odds, you’ll be given a unique wallet address to send your tokens to. Follow the instructions and deposit your desired amount into your sportsbook account.
And that’s that! Most of our top-rated F1 sportsbooks will facilitate instant, or extremely fast, deposits (we can thank blockchain technology for that). You won’t be waiting long before you can bet on your favorite teams and drivers!
Best Formula 1 Grand Prix Competitions to Keep an Eye On In 2023
With a whopping 23 Grands Prix this year, we’ll be getting our fair share of car racing from all corners of the world.
It’s like a never-ending world tour for speedy drivers and sleek machines. We’re talking about the best of the best going head-to-head, battling it out for the coveted title of Formula One World Champion.
So get your calendar out and mark down each race to ensure you don’t miss out on any of the excitement!
Our favorite Grand Prix events this year with some of the most exciting circuits are:
- Singapore Grand Prix (17 September)
- Qatar Grand Prix (6-8 October)
- Las Vegas Grand Prix (16-18 November)
- Abu Dhabi Grand Prix (24-26 November)
The betting markets for some of these Formula 1 races are already open. Check out our top bookies:
Formula 1 Odds
It’s the question on everyone’s lips: who will take home the Formula 1 Driver’s Championship in 2023?
While it’s impossible to predict the future, one thing is certain – Max Verstappen is a strong contender.
The Dutch driver has proven himself time and time again with his impressive driving skills, and his aggressive yet calculated style on the track has earned him numerous victories.
But who would win if Max wouldn’t be in the picture? Let’s see what our bookies are saying:
And who are the favorites to win the Formula 1 Constructor Championship in 2023?
While the stakes are high, there’s undoubtedly one team that’s consistently performing at the top of their game – Red Bull.
With a proven track record of success, the iconic racing team has dominated the circuit in recent years, and it seems they’re not slowing down anytime soon.
Take a look at the odds for Constructions Championships without Red Bull:
Popular F1 Bitcoin Betting Markets
If you’ve wagered on F1 with Bitcoin before, you’ll know just how many exciting bets you can make. If you’re new to the scene, no worries! While we can’t possibly mention every single market out there, we’ve got you covered with some of the most popular bets you’ll find at the top F1 BTC bookies.
So, without further ado:
🏎️ Constructors’ Championship Winner
A wager on the top team of the season. You can make this bet at any stage during the F1 season, but know that the sooner it is to the close of the season, the smaller your payout will be for betting on the clear favorite. In 2022, Red Bull Racing took home this title.
🏎️ Drivers’ Championship Winner
Here, you’ll bet on the top driver of the season. As you can imagine, this market evolves constantly throughout the year as different racers show their mettle. Surprise surprise, Max Verstappen of Red Bull Racing emerged as the champion in 2022.
🏎️ Race Winner
Also known as ‘To-Win’ bets, this is a wager on which driver will win the race. The top F1 Bitcoin bookies offer new odds before every race, and you’ll also have the chance to place live bets once the race has started.
🏎️ Driver Match Up
In this slightly more niche market, you can pick two drivers and place a bet on who will perform better between the two. As you can imagine, this is one of the safer bets to make, especially if you do your research beforehand.
🏎️ Pole Position
Here, you have the opportunity to wager on which driver will obtain the pole position (the starting position on the inside of the front row) during the qualifying sessions of the Grand Prix.
🏎️ Fastest Lap
A bet on which driver will complete an individual lap in the fastest time during a single race.
🏎️ Top 3
A wager on which three drivers will make the podium (finish 1st, 2nd, and 3rd). The order here is irrelevant. As long as you’ve correctly guessed the top 3 drivers, your payout’s in the bag.
Understanding Formula 1
If you’re an avid F1 fan and experienced bettor, you’re probably already in the know about how F1 works and what makes each driver tick. New to the scene? We’ve got you covered, too.
Let’s get back to the basics and get you up to speed with how this exciting sport works:
Teams and Drivers
Formula 1 teams are the backbone of the championship, comprised of engineers, mechanics, managers, and drivers.
Each team consists of two drivers, with a total of ten teams competing in the championship.
From veterans like Lewis Hamilton and Sebastian Vettel to up-and-comers like George Russell and Lando Norris, Formula 1 drivers are some of the best in the business, bringing their impressive driving expertise to the track each race.
Here’s an overview of F1 teams and some of their (current) best drivers:
| Team | Driver |
|---|---|
| Red Bull Racing | Max Verstappen |
| Aston Martin | Fernando Alonso |
| Mercedes AMG | Lewis Hamilton |
| Ferrari | Charles LecLerc |
| McLaren | Lando Norris |
| Alpine | Esteban Ocon |
| Haas | Kevin Magnussen |
| Alfa Romeo Team Stake | Valtteri Bottas |
| AlphaTauri | Yuki Tsunoda |
| Williams | Alexander Albon |
Races
Typically, the F1 season runs from March to December. Every season consists of a series of races held at different circuits around the globe. And, each race is known as a ‘Grand Prix’. The track distance and number of laps vary from race to race.
Qualifying Session
Before each race, drivers must compete in no less than three qualifying sessions. The results of which determine the starting lineup, or grid, for the main race.
Points System
Throughout each race, competing drivers earn points based on where they finish. The driver who finishes first is awarded 25 points. For each subsequent position, the points decrease incrementally.
World Championship
At the close of the season, the driver with the most points is named the ‘World Drivers’ Champion‘. The team with the most points becomes the ‘World Constructors’ Champion.’ (If you’ve done your homework and followed our upcoming tips – you’ll take home a payout for guessing the two correctly).
Why Use Crypto for F1 Betting?
Using crypto allows for faster, cheaper, and more secure transactions than traditional payment methods.
In addition, unlike fiat currencies, cryptocurrencies are decentralized, meaning they are not subject to government manipulation or control, making them an ideal choice if you value your financial privacy.
Besides Bitcoin, you can place wagers on F1 with several other coins, like Ethereum and Dogecoin. And why not even try out NFTs?
And talking about the latter, Red Bull and McLaren have their collections of NFTs minted on Tezos – an open-source peer-to-peer blockchain.
Top Tips for F1 Bitcoin Betting
While there’s no single trick you can use to guarantee a win while betting on F1, there are a few tips that, when put into action, can increase your chances of making a profit in the long run. We’re going to take you through some of the most effective tips:
- Practice bankroll management. Never bet more than you can afford to lose. The surest way to make a profit is to continuously work on growing your bankroll, and that requires budgeting accordingly.
- Do your research. As cliché as that sounds, it’s extremely important in F1 betting. You need to take into account the track type, the weather conditions, as well as recent team performance in order to make an informed bet.
- Take advantage of bonuses. You need all the help you can get, and boosted odds and promos run by bookies like Stake are perfect opportunities to get extra bang for your buck.
- Compare odds. There’s no harm in signing up at more than one F1 crypto bookie so that you can compare odds. Before each race, have a look at a few different bookies to find the best odds.
Final Thoughts
We’re super excited for the season ahead. And with such great bookies waiting in the wings, this season can be as promising as you make it.
Stake’s new sponsorship beacons a new age for crypto and F1, and we’re sure that more and more Bitcoin sportsbooks will hop on the bandwagon and up their F1 offerings accordingly.
We’ll be sure to update our lists and keep you up to date. All you need to do is hedge your bets and (if you’re lucky) reap the results. Kick off your journey at any of our favorite F1 Bitcoin bookies:
P.S. If you’re interested in wagering on stock car racing then check out our NASCAR Bitcoin betting guide!
