Best Formula 1 Betting Sites in 2022

  • Betty Cherotich
  • Omar Fejzagić
  • Raters featured in this article

Do you want to know what are the best formula 1 betting sites in 2022?

If so, you’re in luck because we outline the top 7 formula 1 betting websites in this guide.

#1
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The wegamble team has reviewed 407 platforms so far.

Our list includes the best formula 1 betting sites around based on several important criteria.

Throughout this page, we will provide:

  • An overview of our top 7 betting platforms with formula 1

  • An introduction on how we rate betting platforms with formula 1

  • How to find the best betting platforms with formula 1

  • And a lot more. Let’s get started!

The 7 Best Online Casinos, Reviewed

Ditobet
Ditobet formula 1 betting site
1st

Ditobet

4.38

This section provides a great overview of Ditobet’s pros and cons. You will find it useful if you don’t have time to read my full review.

Good
Rated by
Betty Cherotich
Betty Cherotich
Pros and Cons
Bonus
Ditobet
Welcome Package

Up to 1000 USD Welcome Package + 100 Free Spins

  • Wagering requirements — 40x on first deposit bonus, 60x on second deposit bonus and 80x on third deposit bonus
  • Minimum deposit — $15 on first deposit, $25 on second deposit and $55 on third deposit
  • Maximum bonus — $1000
Payments
Deposits Deposits

e-Wallets

AstroPay CardAstroPay Card
SkrillSkrill
NetellerNeteller
+ 2 more
GiroPayGiroPay
SofortuberweisungSofortuberweisung

Regular Payment Methods

VisaVisa
Paysafe CardPaysafe Card
NeosurfNeosurf
+ 4 more
Banco ItaúBanco Itaú
EcoPayzEcoPayz
Bank transferBank transfer
PIXPIX

Other Payment Methods

Rapid Transfer
Jeton
Boleto
+ 2 more
Bradesco
BanrisulBanrisul

Cryptocurrencies

BitcoinBitcoin
Bitcoin CashBitcoin Cash
TetherTether
+ 14 more
EthereumEthereum
ChainlinkChainlink
XRPXRP
LitecoinLitecoin
carVerticalcarVertical
FunFairFunFair
BancorBancor
Enjin CoinEnjin Coin
AugurAugur
OMG NetworkOMG Network
AionAion
MithrilMithril
ZilliqaZilliqa
MetalMetal
Withdrawals Withdrawals

e-Wallets

AstroPay CardAstroPay Card
SkrillSkrill
NetellerNeteller

Regular Payment Methods

VisaVisa
Paysafe CardPaysafe Card
EcoPayzEcoPayz
+ 1 more
Bank transferBank transfer

Other Payment Methods

Rapid Transfer
AstroPay Direct
Jeton

Cryptocurrencies

BitcoinBitcoin
XRPXRP
TetherTether
+ 1 more
EthereumEthereum
Maximum Withdrawals Maximum Withdrawals

The maximum payout limit on Ditobet is 2000 EUR Per Day.

Gogawi
Gogawi formula 1 betting site
2nd

Gogawi

4.21

If you don’t have time to read my full Gogawi review, take a look at this summary which highlights the site’s pros and cons.

Good
Rated by
Omar Fejzagić
Omar Fejzagić
Pros and Cons
Bonus
Gogawi
Welcome Package

  • Wagering requirements —
  • Minimum deposit —
  • Maximum bonus —
Payments
Deposits Deposits

e-Wallets

AstroPay CardAstroPay Card

Regular Payment Methods

VisaVisa
MasterCardMasterCard
MuchBetterMuchBetter
+ 1 more
Interac OnlineInterac Online

Other Payment Methods

Internet Banking
Unified Payments Interface (UPI)Unified Payments Interface (UPI)

Cryptocurrencies

BitcoinBitcoin
LitecoinLitecoin
Bitcoin CashBitcoin Cash
+ 1 more
XRPXRP
Withdrawals Withdrawals

e-Wallets

AstroPay CardAstroPay Card

Regular Payment Methods

VisaVisa
MasterCardMasterCard
MuchBetterMuchBetter
+ 1 more
Interac OnlineInterac Online

Other Payment Methods

Internet Banking
Unified Payments Interface (UPI)Unified Payments Interface (UPI)

Cryptocurrencies

BitcoinBitcoin
LitecoinLitecoin
Bitcoin CashBitcoin Cash
+ 1 more
XRPXRP
Maximum Withdrawals Maximum Withdrawals

The maximum payout limit on Gogawi is 50000 EUR Per month.

CBet
CBet formula 1 betting site
3rd

CBet

4.15

If you don’t have time to read my full CBet review, take a look at this summary which highlights the site’s pros and cons.

Good
Rated by
Betty Cherotich
Betty Cherotich
Pros and Cons
Bonus
CBet
Welcome Package

Up to 500 EUR Welcome Package

  • Wagering requirements — 30X
  • Minimum deposit — €20
  • Maximum bonus — €500
Payments
Deposits Deposits

e-Wallets

SkrillSkrill
NetellerNeteller

Regular Payment Methods

Paysafe CardPaysafe Card
MasterCardMasterCard
VisaVisa
+ 1 more
Bank Wire TransferBank Wire Transfer

Cryptocurrencies

BitcoinBitcoin
Withdrawals Withdrawals

e-Wallets

SkrillSkrill
NetellerNeteller

Regular Payment Methods

Bank Wire TransferBank Wire Transfer
EcoPayzEcoPayz
Interac OnlineInterac Online

Cryptocurrencies

BitcoinBitcoin
Maximum Withdrawals Maximum Withdrawals

The maximum payout limit on CBet is 10000 EUR Per month.

Betflip
Betflip formula 1 betting site
4th

Betflip

3.92

If you don’t have time to read my full Betflip review, take a look at this summary which highlights the site’s pros and cons.

Good
Rated by
Betty Cherotich
Betty Cherotich
Pros and Cons
Bonus
Betflip
Welcome Package

Up to 1500 EUR Welcome Package + 100 Free Spins

  • Wagering requirements — 45x
  • Minimum deposit — €10
  • Maximum bonus — Not specified
Payments
Deposits Deposits

Regular Payment Methods

VisaVisa
MasterCardMasterCard

Other Payment Methods

QIWI
WebMoney

Cryptocurrencies

BitcoinBitcoin
DashDash
TRONTRON
+ 9 more
DogecoinDogecoin
XRPXRP
LitecoinLitecoin
EthereumEthereum
ZcashZcash
Bitcoin CashBitcoin Cash
TetherTether
MoneroMonero
Bitcoin SVBitcoin SV
Withdrawals Withdrawals

Regular Payment Methods

VisaVisa
MasterCardMasterCard

Other Payment Methods

QIWI
WebMoney

Cryptocurrencies

BitcoinBitcoin
EthereumEthereum
XRPXRP
+ 6 more
LitecoinLitecoin
DogecoinDogecoin
TRONTRON
Bitcoin CashBitcoin Cash
DashDash
ZcashZcash
Maximum Withdrawals Maximum Withdrawals

The maximum payout limit on Betflip is 4000 EUR Per week.

BetBTC
BetBTC formula 1 betting site
5th

BetBTC

3.88

This section provides a great overview of BetBTC’s pros and cons. You will find it useful if you don’t have time to read my full review.

Good
Rated by
Betty Cherotich
Betty Cherotich
Pros and Cons
Bonus
BetBTC
Welcome Package

100% up to 3 BTC

  • Wagering requirements — 20X
  • Minimum deposit — 0.001 BTC
  • Maximum bonus — 3BTC
Payments
Deposits Deposits

Cryptocurrencies

BitcoinBitcoin
Withdrawals Withdrawals
Maximum Withdrawals Maximum Withdrawals

Their is no limit to how much BetBTC can pay you per day/week/month.

Why Using Our Formula 1 Betting Site Toplist Is A Smart Idea

Browse the web, and you’ll find plenty of formula 1 betting platform content.

However, most of it is dishonest and lacks detail.

We’re proud to say that we take a different approach.

We spend hours wagering on each of the betting sites we assess.

This enables us to give you a detailed analysis of the site’s playability, pros and cons, reputation, and more.

To date, the wegamble team has reviewed hundreds of betting companies and outlines our top-rated formula 1 betting sites for you to consider.

We are delighted to offer this service.

Identifying The Best Formula 1 Betting Sites In 2022

Choosing the best betting site with formula 1 for your specific needs is the first step to having an enjoyable gaming experience.

You might end up disappointed if you pick an option that doesn’t have all the criteria you need.

We advise you to consider the following when selecting a betting site with formula 1 to register with.

Legitimacy

It is essential that you select formula 1 betting sites that have an excellent reputation.

This is why we emphasize the following when reviewing the reputation of every business we recommend:

  • The licenses of the betting website with formula 1

  • Seniority — how old is the formula 1 betting site?

  • Complaints received — how many formal complaints has the betting website with formula 1 received?

  • Complaint resolution — are complaints assessed publicly and resolved by the betting website with formula 1?

You need to determine whether the formula 1 betting website in question is legitimate before registering and risking money.

Consequently, knowing whether the brand has a history of satisfied customers with few reports of scams is crucial information.

Restricted countries

The most important aspect when choosing your betting website with formula 1 is to know if you are allowed to register an account.

Unfortunately, your country may not permit the use of certain sites in the niche.

In the event your location is restricted, the formula 1 betting platform may not display your country in the registration list.

The trick is, many betting sites will not bother checking your country of residence.

These betting sites let you register and deposit money.

This happens even if they don’t typically allow players from your country to do so.

The betting website only goes through the verification process once you try to withdraw money from your account.

Once they find out that you live in a restricted country…

Your accounts and the funds in it may be completely frozen.

Low-quality formula 1 betting companies take this opportunity to keep your money permanently.

Therefore, it is essential to double-check and see if the formula 1 betting platform you pick permits users from your country to safely register and withdraw funds.

Fortunately, we make it easy for you.

We perform detailed analysis to ensure we only recommend the best formula 1 betting sites that allow people in your country to bet.

Please use the handy tool at the top-right of your screen and accurately select your location to ensure we provide the right formula 1 betting website information.

VIP benefits

Formula 1 betting sites know that players have a lot of choices, so they must provide benefits such as VIP programs and promotions to stay ahead.

At first glance, these offers seem fantastic and worth taking advantage of.

Unfortunately, it is common for these ‘gifts’ to have lots of stipulations.

You need to find a formula 1 betting site with generous promotions and VIP benefits to improve your user experience.

What promotions does the Formula 1 Betting Site offer?

You must realize that not every formula 1 betting site pays attention to promotions.

Certain sites care more about giving players hard-to-activate registration bonuses.

The best formula 1 betting websites are different because they provide valuable promotions worth using.

Such promotions help keep you entertained and increase your balance. As a result, you enjoy more bang for your buck.

Does the site make players feel like VIPs?

With so much competition, it makes sense for formula 1 betting websites to include VIP benefits for loyal players and big-spenders.

It is only ‘VIP’ if it includes special benefits that other players never earn.

For instance, it could have cash bonuses, extra chips, one-to-one customer support, birthday ‘presents,’ and much more.

The best VIP programs improve the player’s experience with the site and ensure they remain loyal.

Consequently, focus on the VIP benefits section of our reviews if you intend to wager regularly on any betting site with formula 1.

What payment methods does the Formula 1 Betting Site accept?

The majority of betting websites with formula 1 accept debit/credit cards.

However, there are many options apart from standard debit and credit card payments.

It is ideal if a site permits various payment methods.

It is also true that every payment method has pros and cons.

Indeed, certain formula 1 betting platforms reward players for using a given payment method.

Speaking of bonuses, let’s discuss what you can expect from online betting sites with formula 1.

Range & standard of Formula 1 Betting Sites games

If there are relatively few games available on a formula 1 betting platform, it doesn’t take long for the fun to go out of the experience.

What you need is a formula 1 betting website with a huge variety of popular games for you to enjoy.

We investigate what each formula 1 betting site offers in this department to ensure you know if it is a site you want to use.

How many games are available?

A greater quantity of games means you’re more likely to find something you like.

There are formula 1 betting platforms with relatively few games, so players lose interest rapidly.

The best formula 1 betting websites tend to have a gigantic amount of games to choose from.

Our team outlines the selection of games in our ratings to ensure you understand which betting sites with formula 1 can keep you entertained.

Focus on in-demand games

Some formula 1 betting websites have thousands of games to choose from.

Yet, this doesn’t matter if most of the games aren’t well-known.

In this particular industry, quantity does NOT always equal quality.

The best formula 1 betting platforms have lots of games but also the most popular ones.

It isn’t always easy to find this combination, but fortunately for you, we have everything covered.

Support efficiency

Formula 1 betting sites need to provide a high level of customer support to keep players interested.

If you encounter a problem while betting, it is essential to contact a dedicated customer support agent. You can quickly become irritated if you don’t get the help you need.

Top-rated formula 1 betting sites know this, which is why they provide the right standard of customer service.

Generally speaking, their support team is available seven days a week and efficiently deals with customer complaints.

Also, a growing number of leading formula 1 betting sites include live chat for even faster problem-solving.

You may also find a helpful FAQ page that allows you to check commonly-asked questions at a glance.

This means you don’t have to wait to speak to a customer support team member.

Welcome bonus standard

It is standard for betting sites with formula 1 to provide a welcome bonus when you sign up or deposit for the first time.

Obviously, such offers are never free from sometimes very strict conditions.

You may need to bet up to 60 times your deposit before the bonus becomes available.

This means players hardly ever get any value from welcome bonuses. As a result, it is best to focus on other benefits offered by the formula 1 betting website.

Your priority? Selecting a formula 1 betting company that offers great promotions and VIP benefits instead.

At the end of the day, these are far more useful than the welcome package most of the time.

Our Procedure To Review Betting Sites

Writing an accurate and truthful formula 1 betting site review involves taking on the role of an experienced player, as all our reviewers are.

This is an overview of the steps we take in creating our in-depth content.

1. We register with the Formula 1 Betting Site and make a deposit

Our first act is to register with the betting site with formula 1.

Then we check for geographical restrictions.

Doing so ensures we let you know if the site bans users from your country.

Then we carefully enter personal details before depositing money.

At this point, we can see the payment methods available, and the information the site requires.

By now, we know whether the process is quick and easy or long and complicated.

2. We play games on the Formula 1 Betting Site

Writing a proper formula 1 betting site review takes time and effort as you have to conduct many tests.

As a result, it is essential to play the games it offers for hours to gain an insight into the features available.

Our team isn’t content until it has played dozens of games to discover the standard of gameplay.

In our opinion, it is a necessity to ensure we get a first-hand account to outline what you can expect.

The longer we wager on the site, the more likely it is that we’ll discover game glitches, not to mention the effect of the design on our eyes!

Overall, spending a lot of time on any formula 1 betting site is a great way to learn whether it is good for regular users and offers decent VIP rewards.

3. We contact customer service

Our team’s communication with a formula 1 betting platform’s customer support team is crucial in rating a company overall.

Let’s face it, poor service in this department is often the difference between a great user experience and a bad one.

As a result, we focus on chatting to a formula 1 betting platform’s support team to see if it offers a good standard of service.

It is an act that informs us whether a company cares about its customers or not.

Our reviewers also discover the abilities of a customer support team by sending it complex queries.

4. We withdraw money

We always ensure there is enough money left to withdraw once we finish our playing experience.

We pay close attention to how easy or difficult it is to withdraw your balance from a formula 1 betting site.

Unfortunately, shady formula 1 betting websites try every trick in the book to keep your money.

For example, they may only request verification when you withdraw and hold your funds.

We emphasize any problems we have when trying to withdraw money.

In addition, we discover how long it takes to complete a transaction and talk about the withdrawal options.

5. We research more information and complaints about the site

Despite already completing a lot of legwork, there is still more to do when creating high-quality reviews.

We also focus on the number of customer complaints related to a formula 1 betting website, its history, and reputation, among other things.

After this process, our knowledge of a formula 1 betting site is almost unrivaled.

If a site has problems or red flags, we discuss them in our review.

While most sites are content to finish their research by now, we go one step further.

6. We talk with gamblers to obtain feedback

Few things are more revealing than knowing what an actual user of a formula 1 betting website thinks about it.

We get in contact with individuals who have used the betting sites with formula 1 we review.

Although our reviewers go to great lengths to give you the lowdown on a site, their experience alone isn’t enough.

Perhaps the betting site with formula 1’s customer support team had a bad day, or the glitch we encountered was a one-off.

In contrast, a pattern typically forms when we get feedback from multiple individuals regarding the same site.

By now, we have every confidence that our final result provides a genuine and independent review of a betting site with formula 1.

Our process takes a huge amount of time and effort. However, we believe it is worth it to help people looking to find a trustworthy and high-quality site.

Tips And Advice For Gambling Online

Although online betting offers excitement to millions of people, there are also dangers associated with it.

A growing number of people suffer from a gambling addiction and can lose huge sums of money.

This is why you should check the following advice and use formula 1 betting websites without getting into trouble.

What you should do

Analyze the reviews written by the wegamble team to find out which betting websites with formula 1 are worth your time, money, and trust.

It is also essential to use two-factor authentication (2FA) to keep your account secure.

With 2FA, you can only log in when you provide two different methods of identification.

You require a tablet/phone to get a code that you use along with a password and username.

Given the dangers present on the Internet, you should look into a Virtual Private Network (VPN).

A VPN hides your IP address, thus creating a private network that allows you to anonymously register with the betting platform with formula 1.

At this stage, it is helpful to manage your spending and stick to games where the betting website with formula 1’s edge is at its lowest.

Also, keep a careful record of how much you win or lose to see if you tend to risk too much money.

Schedule breaks instead of engaging in lengthy, continuous gaming sessions.

The time away from the site might prompt you to finish wagering entirely, or at least improve your concentration.

Use our reviews to find the best betting sites with formula 1 in terms of providing customers with bonuses.

Carefully read the site’s terms and conditions and the rules of any game you intend to try.

To conclude, look into alternative payment methods such as cryptocurrency instead of debit or credit cards.

Digital currency allows anonymous transactions, so your activity on a formula 1 betting platform remains unnoticed by the bank.

Don'ts

If you feel you’re getting sucked into the games offered by betting sites, it is best to self-restrict or close your account.

Failure to do so at this point may result in a gambling addiction that could ruin your life.

Therefore, avoid borrowing cash to feed your habit lest you start owing money you can’t pay.

No matter what, never chase your losses, as this aggressive tactic tends to lead to even heavier ones.

A sensible approach is to decide on an initial bankroll and a staking method and not deviating from them.

Use betting websites with formula 1 at home on your Internet connection because only members of your household know the password.

If you use a public network, you’re asking for big trouble.

As these are unencrypted networks with no password needed, anyone in range can determine who’s using what online.

They can see the unencrypted web pages you visit, what you type into forms, and even if you’re connected to your bank’s website.

Lastly, betting with a clear head is a good idea; this means no using alcohol or other intoxicating drugs.

Such behavior will cloud your judgment, increasing the likelihood of mistakes.

How To Gamble Online?

If you’re new to formula 1 betting websites, they may seem a little intimidating.

However, we’re confident that once you’ve followed our advice, it will seem much easier.

Go to our list and pick a Formula 1 Betting Site

The online gaming world is gigantic, with countless betting sites with formula 1.

Sadly, there are many sites you can’t trust.

The wegamble team has reviewed a huge proportion of available sites for your convenience.

We’re confident that our analysis will give you the information to choose the right formula 1 betting company for your requirements.

You should select several formula 1 betting sites from our list to properly compare their different characteristics, such as game variety and odds.

A side-by-side comparison makes it easier to find what you’re looking for.

Happy with your pick? If so, please proceed to the site’s registration page.

Register your account

Creating an account with any formula 1 betting platform involves registering and entering your personal information.

It is important to include the right data and pay special attention to your country of residence and the currency you plan to use.

Many betting websites with formula 1 have geographical restrictions, so you need to ensure that people from your country are allowed to play.

If you make a mistake regarding your location or lie, the betting website could freeze your funds or close your account.

Unfortunately, there’s a chance that verification on a betting site with formula 1 only happens AFTER you win money.

When you try to withdraw, they freeze your account and keep your winnings.

Should your initial selection ban people from your nation, return to our list and choose another formula 1 betting site.

Doing this reduces the risk of future account closure.

Deposit money

After registering your account, it is time to deposit money so you can start betting.

Before we go any further, we must stress that you should only ever bet with money you can afford to lose.

Set a rigid upper limit of spending, and never exceed it.

This practice keeps your losses under control and enables you to have fun.

There are numerous deposit methods to choose from, so consider your preferred option (see the payment methods comparison section).

Getting involved in sports markets

A growing number of betting websites provide access to sports.

You are spoiled for choice when it comes to sports markets.

Popular options include soccer, tennis, basketball, horse racing, and golf.

You might have an idea of the sport that interests you the most.

However, if you don’t, pay attention to the different markets and odds offered by formula 1 betting sites.

Also, set a limit on how much you stake on each sporting event to keep your bankroll under control.

Withdraw your winnings

If you’re fortunate enough to win money, you have the option to withdraw it.

You need to check the formula 1 betting website’s terms and conditions to see if there are any withdrawal restrictions.

Formula 1 betting sites often have limits on withdrawals, and you have to meet certain criteria before being allowed to take your money.

It is usually simpler to use the same payment method for withdrawals as you do for deposits.

Of course, you can use different options, though this requires adding further information.

Review the available payment methods as the timeframe for receiving money can vary from minutes to days.

Withdrawing & Depositing Money On Formula 1 Betting Sites

There are many payment options with formula 1 betting sites.

Nonetheless, it is a mistake to assume one choice is as good as the next.

Every one has plus and minus points.

The method you choose depends on your requirements.

This guide briefly looks into many of the most popular payment methods to help you choose the most suitable one.

Bank transfers

Those who favor bank transfers suggest that they are safe and secure forms of payment.

However, they have no advantages over debit/credit card payments and plenty of downsides.

The first step involves verifying your bank account with the formula 1 betting company.

This is to allow the bank to contact you if it spots potentially fraudulent activity (Know Your Customer procedures).

Although this is good from a safety perspective, bank transfers remain extremely slow.

Believe it or not, a transaction could take day numerous working days to process.

Unless you already have money in your formula 1 betting site account when depositing, you’ll have to wait to join the action.

Furthermore, you can forget about enjoying a large cash win since it takes days for it to get to your bank account.

In addition, not everyone is happy to provide formula 1 betting sites with their bank details.

Unfortunately, depositing or withdrawing money via bank transfer on a formula 1 betting site could spell the end of a mortgage application.

Overall, using a bank transfer as a payment method on formula 1 betting websites is best avoided.

Credit/Debit cards

At present, this is the most widely used form of payment on formula 1 betting companies.

Companies such as MasterCard, AmEx, and Visa are among the leaders in the industry.

One of the main advantages of debit/credit cards is the speed of transactions.

When you use these cards, withdrawals and deposits are extremely quick.

Cards are also an extremely convenient method of payment.

Yet, you must note that credit and debit card companies dislike their customers getting involved with formula 1 betting sites.

Also, it is unwise to use debit or credit cards if you plan to apply for a mortgage one day.

Certain banks have refused mortgage applications after discovering a customer’s formula 1 betting site activity.

Consequently, you might find that this isn’t the best payment method when using formula 1 betting websites.

Cryptoassets

This is a form of decentralized money that is becoming a popular method of buying things online.

The best-known cryptocurrency is Bitcoin, but other prominent coins include Ethereum, Litecoin, and Ripple.

Advantages of cryptocurrencies

A growing number of formula 1 betting sites accept crypto because it is both unregulated and secure.

You don’t even require a bank account once you utilize digital currency.

As a result, players have far more privacy with cryptocurrency than credit/debit cards or E-wallets.

Aside from the benefit of anonymous transactions, there are plenty of other reasons to consider digital currency.

Another pro associated with cryptocurrency is the incredible speed of transactions.

Also, Bitcoin, in particular, is extremely safe to use because its networks have never been hacked.

In addition, you could benefit from a bonus for using cryptocurrency on a formula 1 betting site.

Why? You’ll find that formula 1 betting sites also benefit when users opt for crypto.

These companies are exposed to lower fees than other payment methods and receive extra privacy themselves.

Downsides of cryptocurrencies

Yet you must understand the risks associated with using digital currency.

Once you make a digital currency transfer, it is non-reversible.

Unfortunately, this means your money is gone permanently if a dodgy betting site scams you.

This is because digital currency isn’t regulated, so there is no authority you can appeal to.

Then there is the small matter of huge and rapid changes in a cryptocurrency’s value.

Should you win crypto, keep it, and sell when the price rises, you can make the most of your winnings.

Alas, holding your digital coins could also prove disastrous if the price falls sharply.

Cash to tickets

This payment method consists of vouchers that you use as money in a formula 1 betting site.

Prominent companies include PaySafeCard, CashtoCode, and Flexepin.

Benefits of cash to tickets

At present, North America is one of the most popular locations for cash to ticket use on formula 1 betting websites.

As you can only access the balance of the ticket via a PIN, the security level is high.

Go to any convenience store in North America, and there’s a good chance you’ll find a cash to ticket.

Certainly, there is more privacy from this payment method than with credit cards or bank transfers.

Neither your bank nor anyone else will know you use a cash to ticket on a formula 1 betting website as you have to buy a separate voucher.

Also, you can only spend the amount on the voucher, which means you’re less likely to lose large amounts quickly.

Cons of cash to tickets

Yet, it is much easier to lose a cash to ticket accidentally than other payment methods.

It is impossible to withdraw winnings to a voucher.

For high rollers, the limits on a ticket’s balance often prove far too low.

Also, as is the case with crypto, voucher transactions are irreversible.

If you mistakenly use a fraudulent betting website with formula 1, you can wave goodbye to the entire ticket balance.

Although tickets are widely available, it is still inconvenient compared to almost every other payment method on this list.

Once your balance runs out, and you want a new ticket, you must take a trip to a physical store to buy a new one.

E-Wallets

You can place money in an electronic wallet and move it from there to a formula 1 betting site.

Companies such as Skrill, Neteller, and PayPal are among the most popular E-wallets.

Benefits of E-wallets

Assuming you have money in your bank account, you can place it into your E-wallet via your debit or credit card and spend it as you wish.

If you have a positive balance in your E-wallet, the transfer happens in moments.

E-wallet transactions also shield your activity from the bank.

It can never know for sure what you’re using the money for.

This means you shouldn’t get turned down for a loan due to your gambling activity.

Fortunately, almost every formula 1 betting site worth using allows customers to transfer money via an E-wallet.

What’s more, the process of setting up an E-wallet takes a matter of minutes.

Disadvantages of E-wallets

Despite its good points, it isn’t the perfect payment method.

Firstly, you may find that an E-wallet provider hits you with relatively big transaction fees.

E-wallet merchants are strictly regulated.

Therefore, depending on where you live, you might be unable to withdraw money.

In addition, there is a chance that your money gets frozen until the company finishes checking your eligibility.

It is even possible that when the E-wallet provider finishes this process, it decides to close your account permanently.

Lastly, online reviews reveal that many E-wallets fail when it comes to customer service.

You might find that the provider takes weeks to deal with your issue.

How To Stay Safe While Gambling Online

It is great news if you enjoy the excitement offered by betting sites with formula 1.

Nonetheless, we must warn you of the risks attached to gambling online.

Basic safety

Sticking to a pre-determined bankroll is among the most important things you can do when gambling online.

If you believe you might have an addiction and are concerned, get help as soon as you can.

The formula 1 betting site industry is not well-regulated, so read our comprehensive reviews before choosing any provider.

Never bet on a public Wi-Fi network because the sites you visit are not encrypted.

Make sure you use two-factor authentication (2FA) because, without it, your account is vulnerable.

Consider using cryptocurrency instead of fiat currency on formula 1 betting sites to keep your bank in the dark about your pastime.

Two final points: avoid intoxicating substances such as alcohol when using formula 1 betting sites, and accept losses instead of chasing them.

Other things you can check

Before registration, find out what you can about the customer service quality of a formula 1 betting site.

The last thing you want is to deposit a large sum of money, only to find that the site isn’t helpful when you experience a problem.

Along with licenses and reputation, the customer support provided by formula 1 betting sites is among the most important criteria in our reviews.

Consider placing tiny amounts of cash in your account at first until you’re comfortable with the site.

You should see if a formula 1 betting site has enough high-quality games to keep things interesting.

Although it’s easy to find access to various bonuses, relatively few of them will benefit you, so pay attention to the terms and conditions.

Finally, stick with formula 1 betting sites that use SSL certification because it shows they take your private data’s security seriously.

If you use crypto

Cryptocurrency use on formula 1 betting websites is growing in popularity, as companies even offer bonuses for using it.

Those who already use crypto transactions love the speed, reliability, and privacy provided while gaming.

A significant minus is that you’ll probably lose the entire transaction amount if you make a mistake.

As a result, take extra care to get the wallet address right when sending or receiving crypto.

One tip is to focus on the last ten letters in the address when checking for errors.

Sending it to the wrong place might result in the loss of everything you send.

It is also extremely important to double-check the crypto and the blockchain you want to use.

If you don’t, it’s possible to get the digital currency wrong or send thousands instead of hundreds.

Crypto assets’ value rises and falls so quickly that you could lose out with even a minor mistake.

What Type Of Bonuses & Rewards Do Formula 1 Betting Sites Offer?

As the market becomes more competitive, formula 1 betting websites are keen to attract new customers by offering bonuses and rewards.

A lucrative bonus package is a great way to increase a site’s customer base.

Yet, it is a mistake to assume that these bonuses are worth your while in the long run, which means checking the T’s and C’s is essential.

Let’s look at the types of bonuses you can expect upon registration and when playing games on a formula 1 betting site.

No deposit bonuses

Unlike the welcome and reload bonuses, a no deposit bonus adds money or free spins to your account.

It is a handy way to see if you like the formula 1 betting site’s games without risking any cash.

However, while there is no deposit stipulation, there are specific criteria you must meet to cash out the money.

You can expect to play through the bonus 30+ times before withdrawing it.

In other words, you won’t get to withdraw that $20 bonus unless you have made $600 worth of bets.

While it isn’t ideal, a no deposit bonus is still worth using, if only to help you decide whether you want to continue using the betting site with formula 1.

Unfortunately, unless you’re a new customer, you’re unlikely to receive the offer.

Welcome bonus

You can expect to receive some form of new customer bonus when you register with a betting website with formula 1 and deposit some money.

Marketed as a token of appreciation, it is a clever method of ensuring you spend some time on the betting platform with formula 1.

Most sites provide a double your money bonus, where you get 100% extra on top of your first deposit.

Suppose you deposit $100, the formula 1 betting site will add another $100 so that your starting balance is $200.

You may also get free spins to get you interested in a specific slots game on the betting website with formula 1.

Overall, these bonuses seem like great value.

Unfortunately, when you look beneath the curtain, it becomes apparent that these bonuses aren’t what they seem.

For example, you can only cash out the formula 1 betting website bonus once you have gone through at least 30 times your first deposit.

Therefore, if your first deposit is $100, you have to make $3,000 worth of bets.

Reload bonuses

You only get a reload bonus for depositing more money.

While the welcome bonus gets you started, a reload ensures you continue using the formula 1 betting platform.

It is normal for regular users to receive reload bonuses, and they often get them monthly.

You’re unlikely to see a reload bonus advertised online; instead, you get the offer via email or text.

This is mainly because this bonus is often personalized and depends on how much someone spends on the formula 1 betting website.

Don’t expect a reload bonus unless you meet the minimum deposit stipulation.

However, you’ll probably continue to get reload bonuses from a betting website with formula 1 if you’re a loyal customer.

VIP bonuses

If you want to earn one of these bonuses, you’ll need to prove that you’re a serious punter.

A formula 1 betting website may award such prizes to someone who has a long track record of using the site.

The perks associated with such a program include large matching deposits and higher beting limits.

However, even at a high roller level, there are layers of bonuses, with the individuals on the top benefiting the most.

A cashback bonus is another example of an exclusive reward, and it provides partial compensation for losses.

Depending on the formula 1 betting site, it could ‘return’ up to 20% of your month’s losses.

While the term ‘high roller’ sounds cool, it might indicate that you’re enduring heavy losses.