Formula 1 Betting Sites In Canada: Best F1 Sportsbooks for 2025

Speed, precision, and strategy aren’t just vital for Formula One drivers, they’re also key to smart F1 betting.
Here’s a look at the best legal and licensed F1 betting sites in Canada for 2025.

Even though Formula 1 is getting more popular in Canada, only a few sportsbooks truly deliver a wide selection of race-day markets, live betting options, and a top user experience. Our team here at Calgary2026 has reviewed all the top betting sites in Canada. Here are the four best sportsbooks for F1 betting.

According to Formula 1 survey data, F1 fans are some of the youngest and most engaged in the world. They are tech-savvy and want to follow F1 news as soon as it breaks. This is why so many F1 bettors use betting apps over traditional desktop sports betting sites. With this in mind, here are the F1 betting apps in Canada and how they compare in 2025.

Mobile betting offers you flexibility and instant access from anywhere . All the apps above are solid options, but you should pick the one you enjoy the most so that you can take advantage of these benefits and gain an edge when you bet on F1 in Canada.

How F1 betting works depends on the specific markets. You can bet on single races, like race winners, or season-long outcomes. I’ll talk about those markets in detail, but first, here are the main types of F1 bets you’ll see in Canada.

Main F1 Bet Types

• Single-Race Bets: When you bet on a racer to win a Grand Prix or a team to perform better than another in a race, you are placing a single-race bet. These are the most straightforward and popular F1 bets in Canada. 
• Live Bets: Any bet you place after a race has started are live bets. They are sometimes called in-play bets. These markets are usually the same as pre-race bets, with some additional wagers also available, like next retirement bets.
• Futures: Outrights and futures betting markets allow you to bet on season-long awards, such as Drivers' Champion and Constructors' Champion, or whether one racer will have more points than another at the end of the season.

All Formula 1 betting markets in Canada will fall into these three categories. Each one has their own pros, cons, and best strategies. Sportsbooks will also treat them differentially with things like special F1 betting promos just for live bets. Recognising these differences will help you find value bets.

Canadians can bet on F1, but before you place your wagers, you need to understand the markets. Here are the most popular F1 betting markets in Canada and why they are important.

Main F1 Betting Types

• Race Winner: Betting on who will finish first is a good place to start for new F1 bettors. It’s the most popular market in Canada and the easiest to understand. Keep in mind that even dominant teams can slip up, so don’t always back the favorites.
• Podium Finish: If you’re not sure on who will finish first, you can bet on podium finish (i.e., on a driver to finish in the top three). This is a safer option and an ideal bet for consistent drivers. 
• Head-to-head betting: Allows you to bet on which of two drivers or teams will finish higher. This market is great for die-hards who know about close rivalries and major storylines like Red Bull vs Ferrari.
• Season betting: The best Formula 1 betting sites in Canada allow you to place long-term bets on drivers’ or manufacturers’ champions. Note that the odds for these markets change after each Grand Prix, so timing your bets is essential for finding value.

Understanding these core markets will help you plan your bets and balance risks over the F1 season. To be a successful bettor, you need to know more than this though, so talk best F1 betting strategies next.

There’s no guaranteed way to win money betting on Formula 1. That said, you can make yourself a more successful F1 bettor by honing your skills with discipline and sharp observation. Understanding timing is also important, since unlike other sports, races can change in seconds. 

Here are some tips that our experts use that you can follow to take your F1 betting to the next level:

• Look Beyond the Front Runners: Big names like Max Verstappen and Lewis Hamilton are safe bets, but they don’t offer much value. The best bets are often consistent midfield drivers who can surprise in chaotic conditions, weather changes, or safety-car-affected races. Betting on underdogs won’t always pay out, so do it sparingly, but mixing in the occasional outsider bet can increase your long-term returns.
• Exploit Market Inefficiencies: Sportsbooks are sometimes slow to update odds after qualifying or weather updates. If you’re on the ball and watching the latest news, you can take advantage of this by making value bets before the market changes. Smart bettors follow team news, pit-lane chatter, and practice performance so they can react before the market.
• Monitor In-Season Trends: It’s always a good idea to look at long-term trends, like if a racer regularly overperforms on a certain track, but don’t overlook in-season trends. Car upgrades, driver morale, and track-specific patterns affect results more than you would think. A team performing poorly early in the season may rebound after technical updates.
• Use In-Play Betting Wisely: Live F1 betting gives you access to new markets that aren’t available pre-race, like fastest lap, next retirement, or podium changes. Odds change quickly for these markets, but sometimes not fast enough. If you’re disciplined and know what to look for, you can reap the rewards of smart, well-timed live bets.
• Diversify Across Markets: Mixing short-term bets (race winner, top-6 finish, etc.) with futures bets allows you to balance risk over the course of a season, which is essential for maximising your returns.

Whether you take these specific tips to heart is up to you. However, if you really want to have a leg up over casual F1 fans, you need to practice disciplined bankroll use and keep track of trends. 

Author Tip: Noah Strang 

"Odds shift rapidly after qualifying. Think about whether you want to beat the market and bet early or whether you’d rather play it safe and bet right before the green flag."

Yes, F1 betting is legal across Canada. Since Parliament passed Bill C-218 in 2021, sports betting has been legal in Canada. However, each province regulates sports betting individually, so Canadian sports betting laws are different around the country, depending on the local regulator. 

Ontario has the most developed and competitive market. It’s the only province open to privately-owned betting sites. The Alcohol and Gaming Commission of Ontario (AGCO) and iGaming Ontario regulate the market and issue licenses to Ontario sportsbooks and online casinos. If a betting site doesn't have an iGaming Ontario license, it’s not legal in Ontario. 

Other provinces offer legal sports betting through government-run lottery programs. Some regulators have specific betting sites just for their province — like PlayAlberta in Alberta and Mise-o-Jeu for Quebec — but most have platforms that cross over into other provinces, such as PlayNow (BC, MB, SK) and Proline (NB, NL, NS, ON, PE). 

Legal gambling age also varies by province. You have to be over 19 years old in most provinces, except for AB, QC, and MB, which allow you to gamble when you are 18. Payments thankfully are the same in most provinces. Interac, PayPal, and credit/debit cards are accepted pretty much everywhere. 

To sum it up, betting on Formula 1 is legal in Canada, but your betting options vary depending on where you live. To avoid any problems, you should only play at licensed sportsbooks.

F1 betting is legal in Canada. It’s fun and a great way to take the thrill of Formula 1 racing to the next level, but only if you do it the right way. Before you bet, make sure you research licensed sites and only play at legit sportsbooks, like our top F1 betting sites. 

Author Tip: Noah Strang

"Sportsbooks change their odds based on player betting patterns. If you want to get the best odds before the market shifts, you should bet as early as possible."

Once you start betting, set a budget, use smart betting strategies, and gamble responsibly so that you can actually enjoy the thrill of each Grand Prix.