Formula 1 2024: Predictions, Betting Sites, Favourites

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The Formula 1 2022 season starts on March 20. With one of the biggest sports events fast approaching, we preview some of the best Formula 1 betting selections for the upcoming season.


Formula 1 Results

In the 2021 season, Red Bull’s Max Verstappen won the driver’s championship. The final race that was in Bahrain was a showdown between Verstappen and Mercedes’ driver, Lewis Hamilton. In the winner takes all race, Verstappen just edged Hamilton on the final lap to win his first-ever championship.

However, Red Bull came second in the constructor’s championship in 2021. Mercedes beat their opponent with 613.5 points. It was the eighth consecutive constructor’s championship for the German carmaker.

Formula 1 Predictions

Formula 1 Predictions for 2024

There are currently no new tips. Check again later.

After last year’s dramatic race to the title, the Formula 1 2022 championship is set to be another exciting encounter. Mercedes and Red Bull are likely to be among the leading teams yet again.

However, the likes of Ferrari, McLaren and Renault could also rank among the teams hoping to finish high the season.

Formula 1 Favourites for 2024

Below are some Formula 1 betting tips and potential favourites for this season’s championship.

Mercedes

With eight consecutive wins in the last eight years, Mercedes will be among the favourites to go for their ninth straight win this season. It is the longest winning run of any F1 team ever.

In the Formula 1 2022 season, the German manufacturer will have long-term driver Lewis Hamilton leading the charge. George Russell is also a new addition to the team, strengthening Mercedes betting odds.

Red Bull

Red Bull has come close to challenging Mercedes on many occasions in recent seasons. However, the team has not won a championship since 2013. Each season, Red Bull have lost out to Mercedes.

But, Verstappen’s victory in the 2021 season gives the manufacturer hope of breaking Mercedes’ reign at the top of the table. Backed up by veteran driver Sergio Perez, Red Bull have a strong team this season. As a result, Formula 1 betting odds could favour the 2021 runners up in 2022.

Ferrari

Despite finishing way behind Mercedes and Red Bull recently, Ferrari is still one of the biggest brands among the teams. The last time the Italian team won an F1 championship was back in 2007.

Although Ferrari finished third in 2021, there are signs that the 2022 season could be the best ever for the Italian brand. Charles Leclerc and Carlos Sainz doubled the team’s points tally from 2020. With two young, hungry racers leading their charge, Ferrari could be one of the Formula 1 2022 teams on the up.

formula 1 betting

Formula 1 Betting Tips

When betting on the races, consider using some of our Formula 1 betting tips below.

Pre-Season Is Important

The pre-season is a chance for each team and driver to showcase the new cars. In pre-season testing, manufacturers get to test drive their new models.

Technology is vital in race cars, and even the smallest changes can have a big impact. Most notably, in the engine. Some engines are better for straight, long tracks, while others perform well at venues with lots of turns.

Read news and keep updated on what each team has done in the pre-season. This can give a head start before the first competitive race.

Lap Times

Even in race qualifying and practise sessions, drivers often go all out and push their cars to the limit. Due to this, bettors can get a good insight into how quick a driver and car could be on race day. Thus, keep a note of lap times and see how each driver has performed pre-race. This can then determine who to choose in Formula 1 betting.

Weather Impacts Races

The calendar includes races in all kinds of different climates. Ultimately, the weather conditions affect the F1 cars and drivers differently. For instance, some drivers are more suited to wetter conditions, while others prefer dry and humid tracks. There is also the Singapore Grand Prix that takes place at night. Again, this may seem a small difference, but it can have a huge impact on cars.

Look at Previous Track Results

Other than the weather conditions at different tracks; there is the element of home advantage too. Many racers and teams want to give their best performance in front of a home crowd, which can lead to an edge.

Lewis Hamilton, for example, has won eight Silverstone Grand Prixs in the UK. Likewise, the Ferrari team have historically outperformed their competitors at the Italian (Monza) Grand Prix. The Italian team has won a record 20 races at Monza.

Formula 1 Betting Sites

There are several top Formula 1 betting sites bettors can select for the 2022 season. Among these are Hollywoodbets, Bet.co.za and Interbet. Each betting platform has the latest betting odds and markets.

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Formula 1 2024 Free Bets

Often, leading up to the start of the Formula 1 2022 season in March, bookmakers will offer incentives for customers. However, some Formula 1 betting platforms also offer regular, in-season betting offers for new and existing bettors.

Free bets may come in different forms. Some provide outright free bets to use on individual races. Alternatively, other bookmakers could offer sign up free bets for new customers or provide bonuses when players make the first deposit.

Formula 1 Live Streaming 2024

Some bookmakers also offer live streaming for the Formula 1 2022 season. Certain providers stream live races throughout the season once customers sign up with a platform.

For more information on betting site live streaming services, check out their FAQs. Also, customers can contact the bookmaker for more details on F1 live streaming.

Formula 1 Schedule 2024

The season gets started with Bahrain Grand Prix on March 20. Overall, 23 races take place between March and November, with the season concluding with the Abu Dhabi Grand Prix on November 20, 2022.

Formula 1 History

Although motor racing events have existed for nearly a century; the brand is more modern. F1 has roots in the 1920s and 30s in Europe when racing cars had to meet a specific technology formula to participate. In 1946, a new formula, Formula 1, was agreed upon by car manufacturers and non-championship races began in this year.

In 1950, the first drivers’ world championship took place. Only six races contributed to the driver’s championship in 1950, although the competing racers still took part in the 23 events. Not all of them counted towards the overall title, however.

Eight years later, the constructor’s championship was added to award the best performing team with a title. Over the next 50 years, famous car manufacturers joined the Formula 1 competitions. Among the most well-known include Lotus, Ferrari, McLaren and Renault.

Tracks and venues have changed over time during the season, and races have taken part on every continent. In 2019, the 1000th F1 race took place at the Chinese Grand Prix.

Formula 1 Past Winners

Below are the past driver and constructor’s winners of the last ten seasons.

YearDriver WinnerConstructor Winner
2021Max VerstappenMercedes
2020Lewis HamiltonMercedes
2019Lewis HamiltonMercedes
2018Lewis HamiltonMercedes
2017Lewis HamiltonMercedes
2016Nico RosbergMercedes
2015Lewis HamiltonMercedes
2014Lewis HamiltonMercedes
2013Sebastian VettelRed Bull
2012Sebastian VettelRed Bull

Formula 1 2024 FAQ

Below are some of the most common questions about the current and previous competitions.

When does Formula 1 2024 start?

The 2022 season begins on March 20 in Bahrain. 23 races will take place and the season will finish in Abu Dhabi in November. 

How to bet on Formula 1 2024?

Bettors can select various bets. Future betting is available on the overall driver or constructor’s winner. Alternatively, bettors can wager on individual race winners or for racers to place on the podium. 

What F1 are drivers signed for 2024?

Drivers Lewis Hamilton, Max Verstappen, George Russell, Sergio Perez, and Charles Leclerc are among the 20 racers signed to the ten teams.

Who is most likely to win Formula 1 2024?

After winning the last eight championships, Mercedes are the most likely to win. Lewis Hamilton and Max Verstappen are the two favourite drivers. However, challengers like Red Bull and Ferrari could also rank among the leaders in the 2022 season. 

Which betting site offers the best promotions for Formula 1 2024?

Many betting sites will run F1 promotions this season. Some of these include Hollywoodbets, Bet.co.za and Interbet. Betting platforms often run promotions before the events start and during the races of the season. 

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