Formula 1 has gained significant popularity in North America over the past several years. The Netflix documentary series Drive To Survive brought new eyes and a renewed interest in F1 in the North American market.
The Canadian Grand Prix takes place every year in Montreal (since 1978) and it’s become one of the hottest tickets in town every summer. F1 viewership is continuing to grown in Canada, and with it comes interest in Formula 1 betting.
On this page I will outline where Canadians can bet on Formula 1 and provide a simple 3 step guide you can follow to place your F1 bets online quickly and easily.
Best F1 Betting Site For Canadians
- Licensed and regulated in Canada
- Easy deposits & withdrawals including Interac
- Competitive betting lines
See Website For Details
How To Bet On Formula 1 From Canada – 3 Step Guide
Step 1. Open A Betting Account
The first step is to open an online betting account at a sportsbook that accepts Canadians and takes bets on F1 races. SportsInteraction.com checks both of these boxes and they are our recommended betting site for Canadians.
SportsInteraction.com offers a huge selection of F1 betting lines. Here is a short list of some of the bets they offer on each F1 race:
- Race winner
- Podium finish (top 3 finish)
- Points finish (top 10 finish)
- Fastest Lap
- Fastest Qualifier
- First Driver to Retire
- Winning Margin (for race and qualifying)
- Winning Team
You can find all of the odds at SportsInteraction.com by opening the ‘Motor Racing’ drop down menu and selecting ‘Formula 1’.
**SIA also offers F1 futures including Drivers Championship and Constructors Championship betting lines that are available throughout the season.
Step 2. Deposit
After opening your account you will have to deposit the money you want to bet on Formula 1.
Log into your SIA account and click on the ‘Deposit’ button. Choose your preferred deposit method, enter the deposit amount, and follow the instructions to fund your account.
SportsInteraction.com accepts Interac, Visa, MasterCard, iDebit, paysafecard and MuchBetter deposits.
Step 3. Place Your F1 Bets
It’s time to place your bets.
You will find the F1 odds on the SIA website by opening the ‘Motor Sports’ drop down menu and selecting ‘Formula 1’ in the ‘Sports’ section of the website. Select the F1 races link to see the full list of betting lines for that particular race.
Here is an example of the outright winner odds for the 2022 Canadian Grand Prix:
Select the odds of the bet you want to make and enter your risk amount on the Bet Card. If you’re happy with the stake and potential payout, click ‘Place Bet’ to make the wager.
Ready to bet? Click here to visit SportsInteraction.com.
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