Formula 1, commonly referred to as F1, is a premier motorsport racing series that captivates fans from around the world. Formula 1 betting is on the rise in Canada, and the only way that the fast-paced action could get any better is by placing bets on the latest F1 betting odds. Below, we’ve compiled the best F1 betting odds from across the top online sportsbooks, as well as helpful betting information so you can maximize your winning potential on all your upcoming racing bets.
Latest F1 Odds
Here’s a look at the current F1 betting odds for the Drivers Championship, last updated on May 23, 2025:
| F1 Drivers Championship |  |  |  |
|---|---|---|---|
| Oscar Piastri | -110 | -110 | +100 |
| Lando Norris | +250 | +250 | +275 |
| Max Verstappen | +275 | +275 | +225 |
| George Russell | +4000 | +4000 | +4000 |
| Kimi Antonelli | +20,000 | +20,000 | +20,000 |
| Charles Leclerc | +20,000 | +20,000 | +15,000 |
Next Race Odds: Monaco Grand Prix
The Monaco GP takes place in Italy on May 23-25, 2025 and is the 8th race of the 2025 F1 schedule, featuring some of the top drivers in the world. Here are this weekâs race odds, courtesy of bet365:
| Monaco Grand Prix | |
|---|---|
| Oscar Piastri | +187 |
| Lando Norris | +225 |
| Max Verstappen | +333 |
| Charles Leclerc | +600 |
| George Russell | +1600 |
| Lewis Hamilton | +2200 |
Matt’s Take: Monaco Grand Prix Podium Finish 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.
Coming off a win in the 2024 Monaco Grand Prix, Charles LeClerc is a great bet to score a podium finish at plus money in 2025. While LeClerc has only nabbed a podium finish once so far this season, he has proven himself to be comfortable driving on this track. Having secured pole position in three of the last four Monaco Grand Prixs, LeClerc is sure to put forth yet another solid showing in this year’s race, in front of his home crowd.
How to Bet on Formula 1 in Canada
- 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. Required information may include your full legal name, birthdate, email address, phone number, and email address.
- Make a Deposit. To get your sportsbook account up and running, you need to load it up with funds. 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. Offering the biggest selection of betting markets of any sportsbook, bet365 rocks the best selection of F1 bets. Along with their wide array of betting markets, 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 Canadian sports betting scene. You won’t find many better destinations to take all of your F1 bets than SIA. 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 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
F1 Betting Odds: Popular Betting Markets
If you’re new to F1 betting, 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.
đď¸ 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 trying to determine value outside of the âsuperstars.â 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.
đď¸ F1 Constructorsâ Championship Odds
The Constructorsâ Championship is a battle to see which team is the best in F1. More times than not over the past few years, itâs been easy to chalk up a win for Team Red Bull, but this year the tide has shifted in a major way as are other teams have caught up, and even surpassed the former juggernauts.
Currently, McLaren is by far and away the favourite to claim the Constructors’ Championship as they sit with -10000 odds, meaning this is as close to a sure thing as possible. In fact, most oddsmakers have already closed up this betting market as McLaren has pulled out to such a considerable lead with the current top two racers on the leaderboard, Oscar Piastri and Lando Norris, who both drive for McLaren.
| F1 Constructors Title Odds | |
|---|---|
| McLaren | -10,000 |
| Mercedes | +3300 |
| Red Bull | +5000 |
| Ferrari | +6600 |
| Williams | +200,000 |
đď¸ F1 Drivers’ Championship Odds
When you make a bet on the F1 Drivers’ Championship, youâre 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.
Here are the latest 2025 F1 Driver Standings as of May 23, 2025:
| Rank | Driver | Team | Points |
|---|---|---|---|
| 1 | Oscar Piastri | McLaren | 146 |
| 2 | Lando Norris | McLaren | 133 |
| 3 | Max Verstappen | Red Bull | 124 |
| 4 | George Russell | Mercedes | 99 |
| 5 | Charles Leclerc | Ferrari | 61 |
| 6 | Lewis Hamilton | Ferrari | 53 |
| 7 | Kimi Antonelli | Mercedes | 48 |
| 8 | Alexander Albon | Williams | 40 |
| 9 | Esteban Ocon | Alpine | 14 |
| 10 | Lance Stroll | Aston Martin | 14 |
| 11 | Carlos Sainz | Ferrari | 11 |
| 12 | Yuki Tsunoda | RB | 10 |
| 13 | Pierre Gasly | Alpine | 7 |
| 14 | Isack Hadjar | RB | 7 |
| 15 | Nico HĂźlkenberg | Sauber | 6 |
| 16 | Oliver Bearman | Haas | 6 |
| 17 | Fernando Alonso | Aston Martin | 0 |
| 18 | Liam Lawson | RB | 0 |
| 19 | Jack Doohan | Alpine Renault | 0 |
| 20 | Gabriel Bortoleto | Sauber | 0 |
đď¸ 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. There are 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 and fastest lap. Check out what markets your sportsbook offers!
2025 F1 Drivers’ Championship Favourites
Oscar Piastri
The current point leader of the F1 season, Oscar Piastri, is the current favourite to win the F1 Drivers’ Championship. With four first-place finishes in the first six races of the season, Piastri has been red hot and has shown no signs of slowing down. Having only missed the podium once so far this season, the 24-year-old Australian driver is primed to claim his first Drivers’ championship this season.
Oscar Pisatri to win F1 Drivers’ Championship
Lando Norris
A McLaren teammate of Piastri, and one of the best Formula 1 bets to make to win the 2025 Drivers’ Championship, Lando Norris has been superb to begin his 2025 campaign. After kicking off the year with a win at the Louis Vuitton Australian Grand Prix, Norris has only missed the podium once so far this season. At just 25 years of age, the Englishman may be the only competition that can handle his teammate Piastri in search of his first Drivers’ Championship.
Lando Norris to win F1 Drivers’ Championship
Max Verstappen
Having won four-straight Drivers’ Championships, you can never count out Max Verstappen. While he currently trails Norris and Piastri in the season standings, Verstappen has proven himself to be an all-time great who could easily reclaim the lead at any time this season. In a down year by his standards thus far, Verstappen has still claimed victory at the Lenovo Japanese Grand Prix, as well as adding on two more podium finishes in six races. At plus money, this may be the best time to invest in Verstappen to go on a run and go for his fifth consecutive Championship season.
Max Verstappen to win F1 Drivers’ Championship
George Russell
The only other driver that has so far shown signs of the fight against the top dog duo of McLaren and Max Verstappen, is Mercedes’ George Russell who is hoping to craft an underdog story for the ages. While he hasn’t won a Grand Prix yet this season, consistency has been key for the Brit. In six races, Russell has finished on the podium four times. With his ability to feature himself among the top finishers of any given race, Russell may find himself atop the leaderboard come season’s end, shocking the F1 world and nabbing himself his first Drivers’ Championship win.
George Russell to win F1 Drivers’ Championship
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. While odds displayed are based on $100 bets, you can bet any amount. 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, an 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.
2025 F1 Schedule
| Formula 1 Race | Dates | Winner |
|---|---|---|
| Australia Grand Prix | March 14-16 | Winner: Lando Norris (McLaren) |
| China Grand Prix | March 21-23 | Winner: Oscar Piastri (McLaren |
| Japanese Grand Prix | April 4-6 | Winner: Max Verstappen (Red Bull) |
| Bahrain Grand Prix | April 11-13 | Winner: Oscar Piastri (McLaren) |
| Saudi Arabian Grand Prix | April 18-20 | Winner: Oscar Piastri (McLaren) |
| Miami Grand Prix | May 2-4 | Winner: Oscar Piastri (McLaren) |
| Emilia Romagna Grand Prix | May 16-18 | Winner: Max Verstappen (Red Bull) |
| Monaco Grand Prix | May 23-25 | TBA |
| Spanish Grand Prix | May 30-June 1 | TBA |
| Canadian Grand Prix đ | June 13-15 | TBA |
| Austrian Grand Prix | June 27-29 | TBA |
| British Grand Prix | July 4-6 | TBA |
| Belgian Grand Prix | July 25-27 | TBA |
| Hungarian Grand Prix | August 1-3 | TBA |
| Dutch Grand Prix | August 29-31 | TBA |
| Italian Grand Prix | September 5-7 | TBA |
| Azerbaijan Grand Prix | September 19-21 | TBA |
| Singapore Grand Prix | October 3-5 | TBA |
| United States Grand Prix | October 17-19 | TBA |
| Mexican Grand Prix | October 24-26 | TBA |
| Brazilian Grand Prix | November 7-9 | TBA |
| Las Vegas Grand Prix | November 20-22 | TBA |
| Qatar Grand Prix | November 28-30 | TBA |
| Abu Dhabi Grand Prix | December 5-7 | TBA |
Formula 1 Drivers and Teams 2025
| Team | Driver |
| Alpine | Peirre Gasly, Jack Doohan |
| Aston Martin | Lance Stroll, Fernando Alonso |
| Ferrari | Charles Leclerc, Lewis Hamilton |
| Haas | Esteban Ocon, Oliver Bearman |
| McLaren | Oscar Piastri, Lando Norris |
| Mercedes | George Russell, Andrea Kimi Antonelli |
| Racing Bulls | Isack Hadjar, Yuki Tsunoda |
| Red Bull Racing | Max Verstappen, Liam Lawson |
| Kick Sauber | Nico Hulkenberg, Gabriel Bortoleto |
| Williams | Alex Albon, Carlos Sainz |
Formula 1: 2025 Season Overview
A whole set of circumstances can affect each race throughout the 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 peopleâs minds: will Oscar Piastri be able to end Max Verstappenâs streak in 2025? Piastri is the current favourite to win it all, while Verstappen is the second runner-up at most oddsmakers. As we saod, any Formula One driver could win any race, but over the length of the entire season, it will likely come down to a straight shoot-out between Piastri and his McLaren teammate, Lando Norris.
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 +20,000, Hamilton has a lot of ground to cover, but considering his track record, it could be worth a look.
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. Letâs 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 championshipâs 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: Formula 1 Betting
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 2025 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 Oscar Piastri. Currently sporting a wide lead over the field, Piastri is atop the season standings, having won four of the first six races of the season. He holds the best F1 race odds of any driver currently racing in 2025.
The favourite to win F1 and the Constructors’ Championship is McLaren. A massive favourite on the latest Formula 1 Odds, McLaren is currently the top team in all of F1 with the continued dominance of Oscar Piastri and Lando Norris.
Max Verstappen and Yuki Tsunod both drive for Red Bull.