Crypto Sportsbook & Bitcoin Formula 1 Betting Sites

Top Formula 1 Betting Sites

1. BC.Game – Best for Entertaining Crypto Gambling Experience
2. Stake – Best for a Wide Range of Crypto Bookie Markets
3. Sportsbet.io – Best for Bitcoin Betting Wins
4. Powbet – The Most Reliable Crypto Bookmaker
5. Trust Dice – Best Crypto Bonuses
6. Cloudbet – Best Bookmaker for Beginners
7. Bitsler – Best for its Comprehensive Sportsbook
8. N1Bet – Best Bookmarker for Sports Events
9. Nitro Betting – Best Sportsbook for Anonymity
10. Thunderpick – Best User Experience

Formula 1 Betting Sites Reviewed

Are you interested in getting more information about the best Bitcoin Formula 1 sites? See our review of these gambling sites as we discuss features, games, bonuses, and pros & cons.

1. BC.Game – Best for Entertaining Crypto Gambling Experience

BC.Game is a multi-award winning crypto gambling site managed and operated by BlockDance B.V., and is licensed by the government of Curacao. This website is designed to entertain millions of people worldwide, providing them with a unique gambling experience with its long list of games, bonuses, and payment options (including cryptos). This bookie was established in 2017 and it supports various languages such as English, Russian, German, French, Turkish, Chinese, Spanish, Korean, Finnish, Polish, Vietnamese, and Portuguese.

BC.Game Sportsbook offers a wide range of markets – up to 80, including football, soccer, baseball, cricket, tennis, rugby, and Formula 1. This operator also partners with Cloud9 to provide players with more betting market options while offering fairly competitive odds.

It also offers new players a reward of up to $220,000 over the next four deposits for signing up on the site. There are also VIP bonuses offered to registered members for accomplishing different tasks on the site. These bonuses include Rakeback, Recharge, Weekly Bonus, Monthly Bonus, and Sports Weekly Bonus.

Additionally, BC.Game supports payment options such as Apple Pay, Visa, MasterCard, Samsung Pay, GPay, and Bitcoin. It has no minimum deposit and payout limits depending on the cryptocurrency alongside a 0.1% fee. The processing time, however, takes up to 30 minutes.

BC.Game has an excellent user interface, allowing bettors to enjoy online gambling conveniently. It also has a mobile app for an on-the-go experience.

Pros

• Offers extensive bonuses for new and existing players
• Supports cryptocurrencies and fiat currencies
• Over 80+ sportsbook markets available
• Mobile app available for download on Apple Store and Google Play Store

Cons

• Charges withdrawal fee

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
$220,000 welcome bonus	500% requirement	No min. deposit	18 cryptos
VIP Bonus	–	No min. deposit	18 cryptos

2. Stake – Best for a Wide Range of Crypto Bookie Markets

Stake is an extraordinary sportsbook best known for its large collection of interesting games. It offers a unique experience to gamblers from various jurisdictions by supporting languages such as English, Vietnamese, Finish, Chinese, French, Russian, Indonesian, Japanese, Polish, German, Spanish, and Hindi. It is also one of the most secure websites as it uses the latest encryption methods to guarantee customer safety and security.

Stake was established in 2017 by Medium Rare N.V. and is licensed by the government of Curacao. It hosts top software providers such as Pragmatic Play, Play’n Go, Yggdrasil Gaming, NetEnt, Microgaming, etc. These developers are responsible for exciting games on the site, including the live sports market such as MMA, basketball, hockey, baseball, and Formula 1. Over 100,000+ sports bets are placed daily on this gaming venue.

Also, as a top Formula 1 betting site, it gives the satisfaction expected with its mobile-friendly design. It further guarantees heavy promotions such as a 200% bonus up to $1000 for new members, a weekly $50k giveaway, and stake daily races across the markets. The VIP program is an additional offer for registered members to improve their winning chances.

Betting on Stake is made easy with a wide range of crypto payment options, including BTC, ETH, Dogecoin, Litecoin, and many others. The minimum accepted deposit on this bookie is $50. There is no withdrawal limit and processing time takes 1 hour.

Pros

• Accepts several cryptocurrencies
• Offers generous promotions to new and existing players
• Excellent mobile design and friendly user interface
• Supports a wide variety of sports markets
• Fast deposits and instant withdrawals
• Guarantees privacy and security

Cons

• High wagering requirement
• No mobile app

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
200% up to $1000 welcome bonus	40x	$100	Bitcoin, Litecoin, Ethereum, Ripple, Dogecoin, Interac, BitcoinCash, Tether, Tron.

3. Sportsbet.io – Best for Bitcoin Betting Wins

Sportsbet.io, popularly known as the home of Bitcoin betting, is a gambling destination filled with extraordinary opportunities. This sportsbook offers players from far and near a fast and fun experience while guaranteeing incredible winning chances across a wide range of markets. It hosts a series of sporting events with the best odds, giving bettors a chance to enjoy as much as they would like to.

Sportsbet.io (est. 2016) is a bookie owned and managed by mBet Solutions N.V. and is licensed by the government of Curacao. It partners with popular organizations like Arsenal, and SPFC, and is actively controlled by recognized authorities for responsible gaming and fairness. This site assures an excellent level of customer safety and security through its secure socket layer encryption (SSL) technology and strong firewall.

Apart from the numerous sports markets such as soccer, basketball, tennis, American football, boxing, and Formula 1, Sportsbet.io offers players bonuses and promotions. For instance, the signup offer is free to access the bookmaker’s Clubhouse where bettors can get free BTC with no wagering requirement. Other promotions on this sportsbook include Game of the Week, Monthly Battle, and Fantasy League promos.

Sportsbet.io is a fast and easy crypto-made platform. It accepts a wide range of cryptocurrencies, such as Bitcoin, Binance Bitcoin, Ethereum, Tether, and Litecoin. It also accepts other options like Visa and MasterCard, Samsung Pay, Apple Pay, and Google Pay. The minimum deposit at the crypto betting site is 2 mBTC (or $10). There is no withdrawal limit and processing time takes up to 2 hours.

Additionally, this sportsbook is a web- and mobile-based platform with multi-language support. It can be accessed via a web browser or a mobile application available for download on Apple and Google Play Store.

Pros

• Offers a 24/7 LiveChat option
• Easy access to The Clubhouse
• Offers free bet with one of the best crypto betting odds
• Has a mobile app
• Fast withdrawal time

Cons

• Long response time from the customer support service

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
Free ‘The Clubhouse’ access	None	$10 (2mBTC)	Bitcoin, Litecoin, Ethereum, BNB, Dogecoin, Tether, USD and EUR.

4. Powbet – The Most Reliable Crypto Bookmaker

Powbet has a good reputation rating which makes it one of the best crypto betting sites for sports. This bookmaker is owned and managed by Rabidi N.V. and is regulated by the government of Curacao. It partners with several gambling organizations, such as Best50casino, Kingcasinobonus, Bestsportsbetting, and many others, to provide members with an incredible experience.

Powbet accepts players from several countries, allowing them to have a go at various sports markets, including horse racing, virtual sport, Formula 1, etc. Being an online betting brand that only launched in 2020, Powbet has established a reputation in its members’ hearts through its various bonuses and promotions. First, it rewards new users with a 100% up to $100 welcome bonus, with varying maximum bonus amounts between countries. Other promotions available are $40 Free bet on NHL bet builder, up to $20 MLB 100% Free bet, $22,500 sports jackpot, and so on.

While local payment methods are offered by this bookmaker, there is also a place for cryptocurrencies. In fact, the influx of various crypto options makes this site considered one of the top F1 Bitcoin betting sites. The supported coins are Bitcoin, Litecoin, Ethereum, Ripple, USD Coin, and DAI. Other non-crypto methods are PaysafeCard, Skrill, Klarna, Mastercard/Visa, and bank transfer. The minimum deposit is $20 (4 mBTC) and it has no payout limit.

The supported languages are Suomi, English, Italian, Spanish, Polski, French, Portuguese, Deutsch, Norsk, and a few others.

Pros

• Supports crypto and local payment methods
• Offers a generous welcome bonus
• Limited country restrictions
• Offers a multi-language support
• A wide range of sports markets
• Excellent customer service with 24/7 livechat and email address

Cons

• No mobile betting app

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
100% up to $100 welcome bonus	5-6x	$20 (4mBTC)	Bitcoin, DAI, Ripple, USD Coin, USD, EUR, CAD.

5. Trust Dice – Best Crypto Bonuses

Trust Dice is one of the best rated crypto betting sites because of its exceptional bonuses and promotions. It is an online platform where bettors get the real meaning of entertainment through its variety of games, including sports and eSports. It features top sports like soccer, basketball, football, baseball, Formula 1, Formula E, MMA, cycling, darts, etc., and handles big leagues like the NHL, NFL, NBL, Ligue 1, and so on.

Trust Dice was established in 2018 as a leading online bookmaker for Bitcoin, Ethereum, or other crypto gaming. It is powered by Trustdice. A platform owned and managed by Satoshi Gaming Group N.V. and is regulated by the Curacao government. Under this platform, fiat currency cannot be converted to cryptocurrency but deposits and withdrawals are accepted through this method.

This sportsbook offers new players creating an account on Trust Dice a generous 100% up to 3BTC welcome bonus for the first three deposits. The account creation time takes not more than 15 seconds with a few details requested to get started. Other notable promotions on this bookie are Task Bonus, Risk-Free Bet, Staking Profits, and 120 USDT Multi-Bet Challenge Prize.

Trust Dice offers users great customer support using channels such as LiveChat, email addresses, FAQ section, and social media (Instagram, Discord, Twitter, and Telegram). It is also a multi-language supported platform, with language options such as English, Turkish, Polski, Spanish, Deutsch, Portuguese, Chinese, Korean, and so on.

This Bitcoin casino has a fast withdrawal time but a payout limit of $50,000 per month.

Pros

• Instant deposits and fast withdrawal
• Offers a wide range of sports and eSports markets
• Interactive mobile design
• Supports multiple languages and currencies
• Excellent customer support
• Mobile app available

Cons

• Fair bonus wagering requirement

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
100% up to 3BTC deposit bonus	35x	3mBTC	Bitcoin, Ethereum, USDT, USDC, KRW, JPY, EUR.

6. Cloudbet – Best Bookmaker for Beginners

Cloudbet offers gamblers an easy opportunity to bet on sports markets with Bitcoin and other cryptocurrencies. This operator has one of the best-unrivaled odds and limits from a series of sports and eSports games, such as Formula 1, soccer, baseball, MMA, tennis, CS:GO, Overwatch, etc. It also guarantees an excellent gambling experience with its in-play betting across several worldwide sporting leagues.

Cloudbet is an online bookmaker established in 2013. It was developed to make Bitcoin gambling better for players from licensed countries, such as Canada, Finland, Germany, and so on. It is managed and operated by Halcyon Super Holdings BV and is licensed by the Curacao government for operations. It supports languages such as English, Spanish, Italian, French, Portuguese, and Deutsch, thus providing over 100,000 people an opportunity to bet from different countries.

While this sportsbook offers crypto payments such as Bitcoin, Litecoin, Dash, Tether, Ripple, and Ethereum, it also supports fiat currencies. In fact, some of this site’s payment methods are managed by Solas Technologies Limited. The minimum deposit at Cloudbet.com is 0.001 BTC and there is no withdrawal limit. Overall, it assures instant deposit and withdrawal times.

Additional features that make this bookie worth it include generous bonuses and promotions, excellent security, and fantastic customer support service. This site offers new players 100% matched signup bonus up to 5BTC after registration and is bound to increase after every 150 points won. It guarantees security using SSL technology while ensuring customer data is safe. It also allows bettors to reach out via methods such as Livechat, social media (Instagram, Twitter, Discord, and Bitcoin talk), and email address.

Pros

• Generous signup bonus
• A wide range of crypto payment options
• Excellent user-interface
• Multiple language support
• Has a mobile app

Cons

• Strict VIP/loyalty program

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
100% up to 5BTC deposit bonus	Released in points	1mBTC	BTC, ETH, BCH, XRP, DASH, BNB, DOGE

7. Bitsler – Best for its Comprehensive Sportsbook

With its establishment in 2015, Bitsler has become widely known as a reputable crypto sportsbook. The sportsbook is licensed by the government of Curacao and operated by Oyine N.V, and has built a strong reputation in the industry. One of the key factors contributing to this is its impressive selection of games and bonuses, which have won the hearts of many users. Moreover, Bitsler is renowned for its diverse payment options, with particular emphasis on cryptocurrencies. Additionally, the sportsbook features a user-friendly interface that works seamlessly on both desktop and mobile devices.

Bitsler Sportsbook offers a wide selection of traditional sports and eSports for its users to choose from. With over 50 traditional sports available, including but not limited to Motorsports, Cricket, Soccer, American Football, Baseball, Basketball, Boxing, Cycling, Darts, and Rugby, there’s something for everyone. Formula 1 fans can place bets on Drivers Championship or Races within the Motorsports category. Additionally, the sportsbook features a comprehensive range of eSports, with popular titles such as COD, Dota 2, and Counter-Strike. For those seeking lesser-known but equally thrilling options, Bitsler also provides a variety of less mainstream eSports.

At Bitsler, new players can receive a welcome bonus of up to $700, which is matched at 100% of their initial deposit. To qualify for this bonus, a minimum deposit of $20 is required. Regular bonuses are also available to existing customers, such as during the popular NBA playoffs. By placing a total of $250 in bets over the course of 10 days, players can earn a free $10 bet. Furthermore, Bitsler hosts tournaments for its players, allowing them to earn additional bonuses while enjoying their favorite slot games.

As a dedicated crypto sportsbook, Bitsler supports up to 20 different cryptocurrencies. The platform boasts an intuitive user interface, which can be accessed via both desktop and mobile sites. Additionally, the website is available in multiple languages, including English, Indonesian, Japanese, Portuguese, Russian, Spanish, and others. However, there is currently no mobile app available for the Sportsbook.

In terms of safety, Bitsler is regarded as one of the most secure sportsbooks in the industry. In addition to being licensed by the Government of Curacao, the platform utilizes an SSL certificate from CloudFlare and 2-factor authentication to safeguard its users.

Pros

• Excellent customer support
• Great blend of eSports and traditional sports
• Flexible transaction fees for withdrawals

Cons

• No mobile app

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
100% up to $700 deposit bonus	None	None	BTC, ETH, LTC, USDT, XRP, DOGE, BNB, TRX, EOS, BCH, BUSD, ADA, DAI

8. N1Bet – Best Bookmarker for Sports Events

N1Bet is an online betting site established in 2021 by Dama N.V., a company registered and licensed in Curacao. This bookie is remarkably known for its thousands of sporting events, including pre-match and live events across big and local competitions. It offers over 180 sports, such as football, tennis, hockey, Formula 1, and eSports.

Apart from the wide range of sports markets available, N1Bet bookmaker offers the best competitive high odds with incredible benefits. This sportsbook keeps a 2 to 4.5% margin for major events, while also providing increased odds for other events. The different bet types supported are pre-match bets, live bets, residents, express trains, and system complex bets. Indeed, it is one of the most modern betting platforms across different countries.

N1Bet offers a generous 70% up to $650 welcome bonus to new players. This offer spans the first four deposits and terms and conditions apply. First, players get a $5 bet after account verification and the bonus expires after three days. The minimum deposit at this sportsbook is $20 while the withdrawal limit is $2,500 per week. Also, the processing time is within 24 hours.

Furthermore, N1Bet offers bettors a comfortable environment by providing the necessary features for a good experience. These features include multiple language support, allowing players from various countries. The supported languages include English, German, Finnish, Russian, Polish, Portuguese, and Norwegian. It also provides mobile functions showing game results, statistics, etc. More importantly, it is a crypto online bookie as it supports about six cryptocurrencies, including Bitcoin.

This Formula 1 online bookmaker guarantees a reliable and safe system for its members by providing SSL encryption technology with control authorization. Overall, it assures an immersive betting experience.

Pros

• Instant deposits and withdrawals
• No wagering requirement
• Offers over 180 sports and events

Cons

• Poor customer support service
• Limited crypto options

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
70% up to $650	No risk free bets	$20 (BTC equivalent)	BTC, BCH, LTC, ETH, DOGECOIN, and Tether.

9. Nitrobetting – Best Sportsbook for Anonymity

Nitrobetting is a 2021-established betting site and is best known for its simplicity and ability to provide anonymity. This BTC sportsbook was designed to offer bettors an interesting gambling experience online. So far, it has beat the odds with its features to become one of the best crypto-based bookies in the iGambling industry.

This online bookmaker offers exciting sports options, including volleyball, hockey, tennis, snooker, rugby, F1, and eSports. It takes on major events such as the NFL, NHL, NBA, and MLB. Its interest in soccer leagues like Bundesliga, La Liga, Premier, and Serie A are also notable reasons why it is a highly preferred option.

Nitrobetting offers high, consistent odds on pre-match and live bets. It also allows betting across a wide range of mobile devices, including iOS, Android, and desktop computers. Its mobile-friendly design gives bettors an assurance of a great online gambling experience – it isn’t too difficult to understand how it works.

Additionally, this F1 online sportsbook offers new and registered users incredible bonuses and promotions to make their time worth it. These promotions include a 15% cashback sports rebate, 100% up to 25 mBTC sports bonus, 200% up to 40 mBTC jackpot game, and 10% rebates daily horse racing bonus. It also has a VIP program called the Loyalty Sports Bonus for its loyal customers.

This Bitcoin-powered sportsbook has excellent customer support service as it connects with members via Livechat, email address, and social media (Instagram, YouTube, Discord, and Twitter). It also has a responsible gaming policy to protect customers while ensuring data safety and security with SSL encryption technology.

Pros

• Simple website design
• Excellent platform privacy and security
• Instant deposits and fast withdrawal
• Mobile app available
• 24/7 Livechat

Cons

• Limited crypto options
• Average betting odds

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
Loyalty Sports Bonus	–	0.04mBTC	BTC

10. Thunderpick – Best User Experience

Thunderpick is an online bookmaker established in 2017 by Paloma Media B.V. and is licensed by the government of Curacao. It is a crypto betting site with several benefits, especially as it offers bets on live and upcoming match events. It is one of the top-rated platforms with high, competitive odds and quick information on bets.

This online sportsbook allows players to take advantage of every sports market available, including soccer, football, volleyball, boxing, Formula 1, and so on. It also provides a number of features to improve the gambling experience. For instance, there is a real-time update on team or game performance – that way, bettors can be updated on scores and bets.

Additionally, Thunderpick provides new and registered users with exciting offers such as a 5% welcome bonus and a 100% first deposit bonus. Others are reload bonuses, daily giveaways, and a referral program. The VIP program is another outstanding one where members get gifts, extra bonuses, higher betting and payout limits, and even a VIP manager.

Another good reason to use Thunderpick is its wide range of cryptocurrency options, such as Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin cash, Binance coin, TRON, Dogecoin, and many others. With these cryptocurrencies, deposits and withdrawals are made easy on this sportsbook. Each cryptocurrency has different processing times with varying deposit and withdrawal amounts. However, the bookie guarantees fast processing time (less than 30 minutes).

This sportsbook also has a customer support service via methods like livechat, email address, and social media. It also has a dispute resolution service and is proven fair and trusted by certain regulatory and auditing bodies. Overall, it is an exceptional F1 betting site choice.

Pros

• Excellent bonus and promotions
• Good wagering requirement
• Several crypto payment options
• Instant deposit and fast withdrawal time
• Provides a unique user experience

Cons

• Slow response time

Crypto Bonus	Wagering Requirements	Minimum Deposit	Available Currencies
100% First deposit bonus	30x	$2-$13	BTC, LTE, ETH, BNB, BCH, DOGE, XRP, Tether, and TRON.

The History of Formula 1

The history of Formula 1 dates back to the early 20th century (between 1920 to 1930). It was founded from a Championship, i.e., the European Motor Racing. However, it didn’t get its first non-championship until 1946 and the Turin Grand Prix was the first Formula 1 Car. Soon, it became recognized as a sport and so far, it has gained huge popularity across the globe.

The origin of Formula 1 is yet unknown. However, there are rumors that it started back in the 1950s during its early races. Gamblers must have indulged in betting and predicting race winners at the time. This continued traditionally until the early 21st century when the evolution of online gambling influenced the rise of Formula 1 online betting across different gaming sites.

Introduction to Formula 1 Crypto Betting

Did you know F1 is the most popular motorsports betting worldwide since its establishment a century ago? It is an exciting sport that has attracted several players from across the globe.

One of the factors contributing to Formula 1’s success is its integration into the online gambling industry. Today, gamblers can bet on F1 sports using fiat money and cryptocurrencies on different gaming platforms. Crypto Formula 1 Betting is different from traditional Formula 1 betting – the former solely involves the use of Bitcoin, Ethereum, Ripple, and other supported coins to bet on the sport, while the latter involves using cash or fiat money.

The whole concept of crypto Formula 1 betting is making a deposit using these supported coins and setting a bet from them. And while making a withdrawal, a winning equivalent in coins is provided. However, this can only take place on crypto-based or Bitcoin F1 sportsbook.

Factors to Consider When Selecting a BTC Sportsbook

Several bookmakers exist but it takes finding the best option to enjoy the gaming experience. So, before choosing a Bitcoin or crypto sportsbook, you should consider some factors. They include;

Reputation and Trust

Reputation and Trust are two-tier factors to consider before choosing a crypto bookmaker online. The reason is that you want a hassle-free gaming experience. By picking an illegitimate or fake site, you may not experience that and might possibly lose your data and funds in the process.

Payment Options

Crypto platforms are known to accept cryptocurrencies. However, you should also look out for the various options available if you possess whatever is supported or required. For instance, you may not enjoy a gambling site that only accepts Bitcoin but doesn’t give other coins like Ethereum, Litecoin, or Ripple a chance.

Security

Cryptocurrencies are backed by blockchain technology which makes them secure. However, they aren’t entirely secure if they are used on a compromised gambling site. You need to check a sportbook’s security detail – whether it has the latest secure layer technology or firewall to keep out hackers or cybercriminals.

Restricted Countries

As much as you want to play your favorite sport on a bookmaker, you need to also make sure the site is not restricted in your country. If it is, you may not be able to play games.

Sports, Lines, and Odds Available

Sportsbooks are about bets, lines, and odds. The higher the odds and lines and the number of sports available, the better the experience. You need to pick out a gambling destination that offers the best odds for the type of sports you are interested in.

Anonymity

The use of cryptocurrencies on gambling sites guarantees anonymity. Unfortunately, some sites require that you provide certain details during first deposits to continue using their services. If you want anonymity, then you need to steer clear of such sites and go for BTC sportsbooks that offer one.

VIP Programs, Bonuses, and Promotions

Some crypto bookies offer exclusive rewards as bonuses, promotions or VIP programs. You should also pick a site based on this factor because these rewards can improve winning chances. And while choosing a site with bonus offers, ensure that the wagering requirement is reasonable.

Payout Time

More importantly, choosing a site with a good payout time is important. You don’t want to wait for weeks before the sportsbook processes your withdrawal.

The Benefits of Crypto Formula 1 Betting Sites

Below are specific benefits of crypto Formula 1 betting sites over traditional F1 platforms.

Fiat Value is Diminishing

One of the many reasons that cryptos are preferred for transactions, especially in online gambling is the diminishing value of fiat money. Due to the high exchange rates and other factors like inflation and currency devaluation, fiat money may not be the best option for transactions. However, cryptocurrencies are not stable either but they don’t always have diminishing values – they gain strength over time which is like more profit to a Formula 1 bettor.

Higher Privacy

Betting sites with crypto options ensure anonymity. They protect users by not collecting and saving their details. These crypto betting platforms have higher privacy and are unlike traditional sites that request personal details such as name, email address, and bank information to grant gambling access.

Fewer Geographical Restrictions

Cryptocurrencies break currency barriers, thus, minimizing geographical restrictions. Some players are unable to visit and play at Formula 1 betting platforms because of geographical restrictions. Fortunately, Bitcoin, Ethereum, and other coins afford them that opportunity, allowing players to deposit and withdraw money (coins) seamlessly.

Rapid Payouts and Higher Limits

Also, with cryptocurrencies, bettors don’t have to worry about payout time because there are no bank intermediaries or third-party involved. That means you can receive winnings in Bitcoin or other cryptocurrencies within 24 hours. Likewise, due to non-bank restrictions, gamblers can get higher withdrawal limits on these sites.

Financial Independence

Formula 1 crypto sites guarantee financial independence as bettors can only play with their available coins. There will be no need to use credit cards or go beyond deposit limits while betting on the sport.

Low Fees

Most crypto platforms don’t charge fees – those that do charge are even minimal. On the other hand, traditional betting sites charge deposit or withdrawal fees due to the presence of the financial intermediary. Besides, conversion rates from one currency to another always come with exchange fees on these platforms.

Better Bonuses

More importantly, some F1 crypto gambling destinations offer better bonuses than traditional sites. New and existing bettors may get exclusive crypto offers which could improve their chances of winning on the site.

The Drawbacks of Crypto Formula 1 Betting Sites

While crypto F1 betting platforms have generous benefits, they also have their drawbacks. Below is a list of these significant demerits.

Lack of Regulation

Usually, cryptocurrencies lack regulation and it may be difficult getting this from a Bitcoin Formula 1 betting site. So, if anything goes wrong with a deposited fund, there is hardly any way to file a complaint. Indeed, it is a high-risk venture.

No Chargebacks

With traditional Bitcoin betting platforms, players can file chargebacks on certain transactions. However, with crypto sites, that is impossible. If a player deposits coins to the platform, there is no way to get them through a chargeback.

Volatility

Cryptocurrencies are volatile and unstable. The value of betting deposits on F1 betting BTC sites may change from time to time, depending on the current market situation.

How to Bet on Formula 1 with Crypto?

Below is a step-by-step guide on how to bet with Bitcoin or other cryptocurrencies on Formula 1 sites.

Step 1: Set up a digital wallet and store your cryptocurrency on it. You can buy Bitcoin or other cryptocurrencies on a crypto exchange platform and store them in this wallet.

Step 2: Register your account at a Formula 1 crypto betting site. Choose any of the betting site options above.

Step 3: After registering your bettor account on the F1 site, you will be provided with a unique digital wallet address. Deposit a specific amount into this wallet from your personal wallet.

Step 4: Wait until the funds are reflected in your bettor account.

Step 5: Bet on F1 sport on the gambling site.

Most Popular Crypto for Betting

Are you visiting a betting site for the first time?

Below is a list of the most popular cryptocurrencies for betting online.

Bitcoin

Bitcoin (BTC) is a highly regarded cryptocurrency in the betting and gambling industry. It is the most popular digital currency and the foundation by which other coins were developed. It was founded in 2009 and today, it is the highest-valued coin used as a means of exchange or transactions online.

Ethereum

Ethereum (ETH) is the second most-valued cryptocurrency. It is built on smart contract technology which is a good factor contributing to its popularity. This coin allows people to perform multiple functions. Today, it is also accepted on betting sites.

Ripple

Ripple (XRP) is a cross-border cryptocurrency and is widely accepted in various jurisdictions. It debuted in 2012 and has become one of the best payment methods, even in online bookmakers.

Dogecoin

Dogecoin (DOGE) was created to compete with Bitcoin but it ended up being a meme coin. However, it became one of the most popular coins because of its unlimited issuance. So, out of a number of meme coins available, Dogecoin is a widely accepted option for payments, including on gambling sites.

Formula 1 Crypto Betting Options

Let’s check out the various exciting bets available on F1 crypto sites.

Drivers’ Champion

The drivers’ Champion (or Drivers’ Championship Winner) is a bet placed on the season’s best driver. It is an inconsistent bet because it changes at different times due to the dexterity of the drivers.

Constructors’ Champion

Constructors’ Champion (or Constructors’ Championship Winner) is a bet placed on the season’s best team. What makes this wager unique is the ability to play at different phases of an F1 season – start or end of the season.

Race Winner

Race Winner (or To-Win bet) is a wager on the winning driver in an F1 race tournament. Most top bookmakers offer fresh odds at the start of every race and also after the race starts.

Podium Finish

Podium Finish is a wager on the top three drivers (1st, 2nd, and 3rd) of a single race.

Any Race Podium Finish

Any Race Podium Finish is a wager on the top three drivers from a single race or different races.

Driver vs Driver

Driver vs Driver (or Driver Match Up) is a two-driver race and it involves betting on the better-performing driver out of the two.

Pole Position

In an F1 race, there is a start position on the front row (inside) called the Pole Position. Betting on the first driver to obtain this pole position is called the Pole Position wager.

Fastest Lap

Fastest Lap is a wager on the best and the fastest driver to complete an individual lap in a single race.

Safety Car

Safety Car bet is wagering on the chances of the physical F1 safety car being used at any point in a race.

Formula 1 Betting Strategies & Tips

The F1 betting market is great but without the right strategies, gamblers may have a hard time. Here are some helpful tips to bet on this sport successfully.

Use Stats and History to Your Advantage

A good tip every Formula 1 bettor should consider is using stats and driver’s history. Successful gambling is doing enough research on each racer and finding out their skills and performances in various situations. There are a series of data and race results available on the internet to determine what racer or team to bet on. Once you’ve figured out the conditions, you can bet on the chances of such a racer winning the round/lap.

Consider Every Possibility

One rule of betting (or gambling, in general) is considering every possibility. You shouldn’t underestimate anything because different conditions lead to different results. The reason is that given some competitive advantage, even the least skilled driver could win a race over others. Thus, you should consider the strengths and weaknesses of a driver and pay attention to the circuits and weather conditions.

Make Sure the Odds Are Worth It

F1 odds vary from one betting site to another. The chances of winning huge in a Formula 1 race sometimes depend on the bookie’s odds. Therefore, you should only bet on races on legit platforms that offer higher and better odds.

F1 Betting Allows Wagers on Multiple Drivers in the Same Race

One of the many betting options in Formula 1 is the ability to wager on several drivers even in a single race. You can use this opportunity to advantage because by spreading bets, you have a better chance at winning. For instance, the “Any Race Podium Finish” or the “Podium Finish” are excellent ways of winning money.

Understand the Race Tracks’ History

Similar to understanding drivers’ history, you should also understand the race tracks. Drivers are bound to show dexterity depending on the race type. For instance, a player may be good at circuits but not hairpins, or vice-versa. You can use race track data from previous years to determine the likelihood of a driver winning over another.

Pay Attention to Free Practice and Qualifying Sessions

Free Practice and Qualifying sessions are excellent ways to keep up with Formula 1 races. It is like a free/demo mode that prepares you for what to expect from an upcoming race with several factors considered, such as pole positions, weather conditions, and road or race track structure. You will also be able to find out the likelihood of a driver winning in the final race through these sessions before placing bets on real, big races.

Consider the Teammate

The extra thing about the Formula 1 market is the collaborative work with a teammate. Every driver is expected to have a teammate that helps with race schedules and setups, track info, and other important details to know to win a race. Thus, an effective tip is to have a sound and reliable teammate that will contribute actively to helping you win.

Study Car Performance

While you may consider every other thing, you shouldn’t forget to check on car performance. Every driver’s success solely depends on the car type. Good cars are known for the best outcomes. That being said, you should study the car and make sure it would give the best race performance.

Conclusion

Thousands of bookies exist in different parts of the world that accept online gambling and betting. Choosing a bookmaker with great services, however, can be a hassle. Fortunately, this review describes the best crypto betting sites to play Formula 1 and offers a brief introduction to the market. Also, it highlights reasons to consider Formula 1 crypto betting sites, a step-by-step guide to wager on this market, and useful tips to become a good bettor. With everything mentioned, would you rather choose this valuable offer over traditional betting sites for F1?

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