Top 5 Biggest F1 Races You Can Bet On With Bitcoin
Formula one races are considered the pinnacle of motorsports by many fans. Due to its massive global following, F1 betting has become a widespread activity, with major races occurring regularly.
Read on to learn some of the biggest F1 races that you can bet on with Bitcoin.
Table of Contents
- How Many Formula One Races Are There Each Year?
- Top 5 Most Popular Formula One Races to Bet On
- How to Bet on F1 with Bitcoin
How Many Formula One Races Are There Each Year?
Before we dive into the top F1 races held annually, let's first understand what formula one is all about.
Formula One Explained
Many motorsports enthusiasts regard Formula One (often denoted as F1 or Formula 1) as the highest class of auto-car racing competitions. The sport’s season runs from March through November each year and is sanctioned by the International Automobile Federation (FIA). A single championship season comprises numerous formula one races referred to as Grands Prix, which are held in different locations across the globe.
Vehicles used in F1 races are open-wheeled, open-cockpit, and single-seat. Whenever the season commences, drivers compete for points which determine the winner at the end of the competition. Additionally, constructors who design the chassis and engine of the winning vehicles get the World's Constructors Championship Award.
Plenty of F1 Races to Bet On
Since the inception of the Formula One World Championship in 1950, there have been over 72 seasons hosted in 34 countries. The 2022 Abu Dhabi Grand Prix formula one race marked the 1,079th event.
In all these seasons, the F1 races calendar has been fluid. The number of races held in different countries each year has varied during the seasons. For instance, in the early years, from 1950 to the early sixties, there were fewer than ten races.
In contrast, the 2021 and 2022 seasons have seen 22 races held in 20 countries.
Top 5 Most Popular Formula One Races to Bet On
In F1, some circuits are more attractive than others. Here are some prominent races on which you may consider placing bets.
The Monaco Grand Prix
The Monaco Grand Prix is held in May or June. The Automobile Club de Monaco, an FIA member, governs the event. The race takes place in the Circuit de Monaco, which covers the streets of La Condamine and Monte Carlo.
The 2.074 miles circuit course is narrow with a tunnel, many elevations, and tight corners, making it ideal for auto racing.
The Spanish Grand Prix
The Spanish Grand Prix is a pioneer F1 motor racing competition held primarily in May. Presently, it occurs in the Circuit de Barcelona-Catalunya in Montmelo, Catalonia. Having celebrated its 100 years of existence in 2013, it is among the oldest F1 racing events in the world. It has been featured regularly in the Formula One World Championship since 1968.
You can count on betting on all the action happening in the 66 laps around the 2.905-mile course.
The Italian Grand Prix
Founded in 1921, the Italian Grand Prix has been part of every season of the Formula One Championship since it began. Since 2000, this event has occurred at the National Racetrack of Monza, a 2.6-mile circuit where drivers compete by completing 53 laps.
Michael Schumacher and Lewis Hamilton have dominated this race, each with five wins. On the constructor's Championship award, Ferrari has won 20 times.
The United States Grand Prix
Formerly known as the American Grand Prize, this race has existed since 1908. Throughout the years, it took place in different locations until 2012. Since then, it has occurred at the Circuit of the Americas in Austin, Texas. The circuit length is 3.426 miles, and each race consists of 56 laps.
It is one of the most popular motor racing events in the US, with the last edition in 2022 attracting over 400,000 spectators.
The British Grand Prix
The Royal Automobile Club organizes the British Grand Prix at the Silverstone Circuit in Northamptonshire, which is 3.66 mile-long racetrack. Drivers compete in 52 laps to win prize money and trophies.
How to Bet on F1 with Bitcoin
F1 betting with Bitcoin is becoming widely accepted by gamblers. Many sportsbooks allow you to bet on F1 with Bitcoin, but none come close to 1xBit. The steps below enable you to bet on formula one races at 1xBit.
1. Visit 1xbit.com and enter the registration details in the prompt at the left side of the website.
2. Log in to your account by providing the registered email and the password you already created.
3. Once you have access to your account, proceed to deposit. You get your account funded by clicking on the 'Deposit' button and then selecting Bitcoin from the list of supported coins. Copy the wallet address or scan the QR code to complete your deposit.
4. Next, head to the Sports menu, go to the motorsport section, and click on it. Your dashboard will display all the F1 races available for the day.
5. On the races given, select your favorites and settle on the bet markets with the best odds. Once you are satisfied, stake the amount you want to spend and submit your bet slip. Then, wait for the race to complete to know how your bet fares.
1xBit provides you with the best betting markets for F1 races. Visit 1xbit.com, register your account today, and enjoy formula one betting with Bitcoin.