F1 betting is on the rise in Canada. Whether you’re wagering on race winners, podium finishes, or fastest laps, placing bets on the latest F1 odds is easy! Scroll down for the best F1 betting odds from across the top online sportsbooks to get in on this season’s motorsports action.
F1 Odds: Australian Grand Prix 🏁
Here are the latest Australian Grand Prix odds, courtesy of bet365 (last updated on Feb 17, 2026):
| Australian Grand Prix Winner | Odds from bet365 |
|---|---|
| Max Verstappen | +300 |
| George Russell | +333 |
| Lando Norris | +333 |
| Oscar Piastri | +500 |
| Kimi Antonelli | +1000 |
| Charles Leclerc | +2000 |
F1 Odds: Drivers’ Championship 🏆
Here’s a look at the current F1 betting odds for the Drivers Championship, last updated on Feb 17, 2026:
| F1 Drivers Championship |  |  |
|---|---|---|
| George Russell | +180 | +180 |
| Max Verstappen | +333 | +333 |
| Lando Norris | +700 | +700 |
| Fernando Alonso | +900 | +900 |
| Kimi Antonelli | +900 | +900 |
Betting on Australian Grand Prix Odds
Get ready for the debut of the 2026 Formula 1 season! The 2026 Australian Grand Prix takes place on Sunday, March 8th at the Albert Park Circuit. As the first race of the year, this showdown will set the tone for all the upcoming action of the 2026 season. The race weekend runs from March 6-8th, featuring practice, qualifying, and the final race itself.
👉 What this means for you: A winning $10 bet on favourite Max Verstappen at +300 would net you a profit of $30 for a total payout of $40 (which includes your original stake).
A longshot $10 bet on Charles Leclerc at +2000 would profit you $2,000 for a total payout of $210. Greater risk means greater reward!
Matt’s Pick: Australian Grand Prix Winner Pick
Previously published in Sports Betting Dime, The Hockey Writers, Prospects by Sports Illustrated, and FanSided, Matt Eichhorn has expert knowledge of all major North American sports as well as the best ways to bet on them.
After narrowly escaping with the Drivers’ Championship by just two points over Max Verstappen, McLaren Driver Lando Norris will look to replicate his success from last season at the Australian Grand Prix. In 2025, it was Norris who took the win at this Grand Prix, in what was a sign of things to come in the season.
Often the forgotten man in the brewing rivalry between Norris and Verstappen, look for Oscar Piastri to make his presence felt to begin the 2026 F1 season as he wins the Australian Grand Prix.
📝 Matt’s pick: Look for Piastri to put on a show, vaulting his way to an early lead in the drivers’ standings as he hopes to step out of the shadow of his McLaren teammate in 2026.
Oscar Piastri to Win the Australian Grand Prix
Best F1 Betting Promos 🤑
Check out these top Formula 1 betting bonuses offered by sportsbooks for new bettors—grab your bonus and start scoring big from your very first bet!
| 🏎️ F1 Betting Site | 💰 F1 Betting bonus | ✅ Sign Up |
|---|---|---|
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| BET99 | First Bet Encore Up To $800 (first bet insurance) | Use Code CANBET |
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| Stake.com | 200% Deposit Bonus up to $1000 | Use Code CANBET |
| Betway | 100% Deposit Match up to $300 | Claim Bonus |
How to Bet on F1 Odds in Canada
Here’s how to bet on Formula 1 in 4 easy steps:
- Choose a Sportsbook. Check out our list below of the top F1 betting apps in Canada. Each online sportsbook has been evaluated for its depth of betting markets, value offered, customer support options, and banking methods. Choose the one that’s right for you!
- Create an Account. Sign up using any of the links on this page. You’ll need to provide personal information to verify your identity as well as confirm your eligibility to legally bet on F1 in your region. Be prepared to give your full legal name, birthdate, email address, and phone number.
- Make a Deposit. Head to the financial centre of your betting site and sift through the available banking options. Once you’ve found the one that’s best for you, follow the steps to successfully deposit funds into your account.
- Place your Bets. Navigate to the F1 section of your sportsbook. Check out all the F1 betting markets offered, find the market you wish to wager on, review the F1 odds, add your pick to your bet slip and score your first big win on the upcoming F1 action!
🥇 Top Formula 1 Betting Sites
If you’re interested in placing a bet on this week’s Formula 1 odds but aren’t sure where to take your action, check out our list below of the best F1 betting apps in Canada for a stellar betting experience.
1. bet365
bet365 is a top-of-the-line oddsmaker that serves customers from all across Canada. It offers the largest selection of F1 betting markets of any sportsbook; bet365 boasts the best selection of F1 bets.
bet365 also offers competitive odds that can help you boost your bankroll on all your wagers. Sign up with bet365 here.
⭐ Features:
- Massive F1 Betting Market Selection
- Competitive Odds
- 24/7 Live Customer Support
2. Sports Interaction
Sports Interaction (SIA) is an online sportsbook with deep roots in the Formula 1 betting Canada scene. Operating through a sleek, user-friendly app, Sports Interaction is incredibly easy to use and place bets with.
Sports Interaction also offers one of the best live betting experiences of any sportsbook so that you can wager on F1 action at any given moment. Sign up with Sports Interaction here.
⭐ Features:
- Incredible Live Betting Markets
- User-Friendly Interface
- Juicy Odds
3. BetVictor
With decades of experience in the sports gambling world, BetVictor is a terrific option for all of your F1 betting needs.
BetVictor offers its users an intuitive app design, as well as some of the best odds on the market. F1 bettors can make deposits and place their bets in seconds thanks to their streamlined betting interface. Sign up with BetVictor here.
⭐ Features:
- Intuitive Mobile App
- Top-Tier Betting Value
- Great Selection of F1 Futures
Best F1 Betting Apps in Canada 📱
Most Canadian sportsbooks above have an F1 betting app that you can download for free on your phone. Even if a book doesn’t have an official app, you can still use your phone’s mobile browser to make bets wherever you go.
Here are the top F1 betting apps in Canada based on user ratings (updated as of February 2026):
| Rank | F1 Betting App | App Store Rating | Google Play Rating | Sign Up |
|---|---|---|---|---|
| 1 | Betway | 4.8/5 | 4.5/5 | Download! |
| 2 | bet365 | 4.7/5 | 4.4/5 | Download! |
| 3 | Sports Interaction | 4.5/5 | 4.1/5 | Download! |
| 4 | BetVictor | 4.7/5 | 3.8/5 | Download! |
| 5 | BET99 | 4.3/5 | 3.5/5 | Download! |
1. Betway F1 Betting App 🥇
Pros 👌
- Wide F1 betting markets
- Fast live odds and stats for in-play F1 bets
- Quick, user-friendly platform
Cons ✋
- Limited F1 promo offers compared to rivals
- Occasional app lags during race day
2. bet365 F1 Betting App 🥈
Pros 👌
- Huge F1 market selection with competitive odds
- Fast live and in-play F1 betting with Bet Builder feature
- Slick, user-friendly app with reliable performance
Cons ✋
3. Sports Interaction F1 Betting App 🥉
F1 Betting Odds: Popular Betting Markets
If you’re new to F1 betting in Canada, there’s never been a better time to take a deep dive into some of the most popular betting markets available on Formula 1. Below, we’ve highlighted some of the best F1 betting markets available at the top online sportsbooks so you can put the pedal to the metal and start hammering bets at a high velocity.
🏎️ F1 Drivers’ Championship Odds
When you make a bet on F1 Drivers’ Championship markets, 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; if they come up short, so does your bet.
🏎️ Formula 1 Podium Finish Odds
One of the most wagered F1 bets is on podium finish odds. This bet is essentially just picking a driver to finish in the top three in an upcoming race. 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 to determine value outside of the “superstars.” Some weeks, all the stars will finish atop the charts. But there are situations where a less notable driver can have some good qualifying sessions and get on the radar as a legitimate contender to finish top-3 in that week’s race.
🏎️ F1 Constructors’ Championship Odds
The Constructors’ Championship is a battle to see which team is the best in F1. While the trend of chalking up a win for Team Red Bull seemed never-ending due to Verstappen’s success, the tide shifted significantly over the past two seasons as other teams have caught up and even surpassed the former juggernauts, including back-to-back winners McLaren and surging contenders Mercedes.
🏎️ Other F1 Betting Odds
Finally, a quick reminder that all 20 of the Formula One Grand Prix races can be bet on individually as the season progresses. Check out what markets your sportsbook offers! There is also a wide array of betting options offering far more than just a bet based on who will finish first in any given race, like:
- Who will come in last place
- Who will be in pole position
- Who gets the fastest lap
2026 F1 Drivers’ Championship Favourites
George Russell
The current leader to win the 2026 F1 Drivers’ Championship is George Russell. After finishing fourth in the overall standings during last year’s season, Russell is hoping for a career-best campaign this season.
Having finished in the Top 10 of the F1 Drivers standings four-straight years, Russell tied his career-best with two wins in 2025.
While he’s positioned atop the latest F1 betting odds, Russell remains unproven as a true elite at this level.
Max Verstappen
One of the greatest drivers of all-time, it’s no surprise to see Red Bull’s Max Verstappen featured among the top odds-on favourites to win the 2026 Drivers’ Championship.
After coming up just short in 2025 as his reign atop the F1 world came to an end after four-consecutive Drivers’ Championships, Verstappen is ready to get back on the saddle and re-assert his dominance over the competition.
Looking to join Michael Schumaker, Lewis Hamilton, and Juan Manuel Fangio as the only drivers to ever claim five Drivers’ Championships, you can’t go wrong backing the Red Bull superstar.
Lando Norris
Aptly rounding out the top contenders for the 2026 Drivers’ Championship is the reigning king of the track in McLaren’s Lando Norris.
Hot off the heels of his phenomenal 2025 campaign that saw him and teammate Oscar Piastri completely dominate from start-to-finish, Norris clinched his first driver’s title on the final race of the season in Abu Dhabi.
Hoping to begin cementing his legacy in the F1 history books, Norris should once again be viewed as a true threat to win the Drivers’ Championship in 2026.
How to Read F1 Betting Odds 👓
Depending on your sportsbook, the odds may appear in either decimal (2.25) or American (+125) form. Use our handy odds calculator to convert them to whichever form is easiest for you. Below, we’ll explain how to read F1 odds using American odds.
In American odds, all the favourites are represented by the shortest odds or with a minus symbol (-), while underdogs are shown using a plus sign (+). For a favourite, the odds show how much needs to be wagered in order to profit $100. For example, if Lewis Hamilton is -150 to earn a spot on the podium, that means bettors need to wager $150 in order to win $100 profit, for a total return of $250, including their original stake.
On the other side of the equation, the underdog odds show how much profit can be made by wagering $100. In this example, let’s say that Max Verstappen is +300 to win his next race. If you were to bet $100 on Verstappen at +300 odds, you’d win $300 if your bet hit, earning a $400 total return including your original stake.
While the odds displayed are based on $100 bets, you can bet any amount, and your potential winnings will adjust proportionally to the odds.
2026 F1 Schedule 📅
| Formula 1 Race | Dates | Winner |
|---|---|---|
| Australia Grand Prix | March 6-8 | |
| China Grand Prix | March 13-15 | |
| Japanese Grand Prix | March 27-29 | |
| Bahrain Grand Prix | April 10-12 | |
| Saudi Arabian Grand Prix | April 17-19 | |
| Miami Grand Prix | May 1-3 | |
| Canadian Grand Prix (Sprint) | May 22-24 | |
| Monaco Grand Prix | June 5-7 | |
| Spanish Grand Prix | June 12-14 | |
| Austrian Grand Prix | June 26-28 | |
| British Grand Prix | July 3-5 | |
| Belgian Grand Prix | July 17-19 | |
| Hungarian Grand Prix | July 24-26 | |
| Dutch Grand Prix | August 21-23 | |
| Italian Grand Prix | September 4-6 | |
| Spanish Grand Prix* | September 11-13 | |
| Azerbaijan Grand Prix | September 24-26 | |
| Singapore Grand Prix | October 9-11 | |
| United States Grand Prix | October 23-25 | |
| Mexican Grand Prix | October 30-November 1 | |
| Brazilian Grand Prix | November 6-8 | |
| Las Vegas Grand Prix | November 19-21 | |
| Qatar Grand Prix | November 27-29 | |
| Abu Dhabi Grand Prix | December 4-6 |
Formula 1 Drivers and Teams 2026
| Team | Drivers |
| Alpine | Peirre Gasly, Franco Colapinto |
| Aston Martin | Lance Stroll, Fernando Alonso |
| Ferrari | Charles Leclerc, Lewis Hamilton |
| Haas | Esteban Ocon, Oliver Bearman |
| McLaren | Oscar Piastri, Lando Norris |
| Mercedes | George Russell, Kimi Antonelli |
| Racing Bulls | Arvid Linblad, Liam Lawson |
| Red Bull Racing | Max Verstappen, Isack Hadjar |
| Audi | Nico Hulkenberg, Gabriel Bortoleto |
| Williams | Alex Albon, Carlos Sainz |
| Cadillac | Sergio Perez, Valtteri Bottas |
Formula 1: 2026 Season Overview
A whole set of circumstances can affect each race throughout the F1 season. 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.
Right now, there is one question on most people’s minds: will Lando Norris be able to remain atop the F1 world after snapping Max Verstappen’s championship streak in 2025? While these two top drivers are once again in line for a shot at glory, Norris’ McLaren teammate Oscar Piastri as well as Mercedes driver George Russell also are legitimate title contenders in 2026.
Amidst a deep and competitive field for the 2026 season, the 2026 Formula 1 season will also see the debut of a new team, Team Cadillac. Entering into the fray for the first time, this newly minted team will be driven by former contenders Sergio Perez and Valtteri Bottas, hoping to make a statement in their first season.
With so much action, intrigue, and drama on tap for the 2026 season, don’t miss out on your chance to start betting on Formula 1 betting lines today!
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 has a rich history that spans several decades. In recent years, F1 betting has gained immense popularity. Let’s delve into the captivating history of Formula One racing while exploring the emergence and growth of F1 betting, particularly in Canada.
The inaugural season of F1 racing in 1950 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. While Max Verstappen is all the rage these days, the greatest F1 driver ever is still Michael Schumacher, who secured seven World Championships in his career.
Throughout the 1950s, Formula One racing saw fierce competition among legendary drivers such as Juan Manuel Fangio, Alberto Ascari, and Stirling Moss. 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.
The 1970s brought about a new era in Formula 1 racing with the emergence of powerful engines and groundbreaking safety measures. The following decades would show F1 racing experience a technological revolution with the introduction of turbocharged engines and the widespread use of computerized data analysis.
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.
Recap: F1 Odds
Don’t wait, get in on all the action of the Formula 1 Championship odds this season, as well as betting opportunities on each race throughout the year. Be sure to check back here throughout the season for the latest odds and analysis on the 2026 F1 season.
F1 Betting Odds FAQs
Yes, you can bet on F1 in Canada. Check out any of the top online sportsbooks above, find the oddsmaker that’s right for you, and bet on all of the available F1 odds markets available this F1 season.
You can bet on Formula 1 at any of the best betting sites in Canada. We recommend the following oddsmakers: bet365, Sports Interaction, and BetVictor.
The current favourite to win the F1 Drivers’ Championship is George Russell. Prior to the first race of the 2026 F1 season, Russell is listed at +175 to finish atop the standings as a member of Team Mercedes.
Mercedes is the favourite team to win the F1 Constructors Championship in 2026. Driven by George Russell and teammate Kimi Antonelli, Mercedes is hopeful to land their first Team Championship since 2021
Max Verstappen and Isack Hadjar both drive for Red Bull. Verstappen is entering his 11th season with the team, while this will be Hadjar’s first campaign with Team Red Bull.