Formula 1 Betting Sites

For all its flashiness and unmatched glamour, Formula 1 is an exhilarating sport that stands out with its incessant thrill.

Screeching sound of the racing wheels, top-class drivers, seamless racing tracks, and trailblazing technology makes it one of the most glitzy and expensive sports in betting.Gambling does a giant business in the Philippines and generates a substantial percentage of its revenue. Notably, the country has a prominent name and recognition when it comes to sports betting. Living in the nerve center of the global operators of online gambling, residents are passionate about Formula 1 betting in the Philippines.

The soaring sports betting industry of the country operates through a large number of websites. This article narrows down the recommended betting sites that are the best for Formula 1 betting enthusiasts.

Here is a quick outline of the themes of this article to help you find your favorite section:

List of best Formula 1 betting sites in the Philippines
History of Formula 1 betting
FAQs about Online Betting Formula 1 in the Philippines
Best Formula 1 Sportsbooks for mobile betting in the Philippines
Top 5 Formula 1 Bookmaker with the Fastest Payouts
Formula 1 betting Tips and Strategies
Recommended Payment Methods at Formula 1 Sportsbooks

Found 4 bookmakers

Melbet

7.9/10

Convenient usability
Variety of bonuses
Lots of deposit methods
Apps for different platforms
Unclear legal status in the Philippines

Bet 10 EUR to get a 30 EUR free bet

Open Melbet Melbet review

1xbet

7.9/10

Variety of payment methods
Lots of promotions
Competitive odds
Fast withdrawal times
Wonky reputation

100% UP TO 5400 PHP

Open 1xbet 1xbet review

22bet

7.4/10

Low minimum deposits
Decent odds
Variety of payment methods
Good betting markets
No live streams

100% UP TO $122 (~6028 PHP)

Open 22bet 22bet review

MSW

5/10

Decent reputation
OK odds
Native bookmaker
No bonuses
Cash-only payments

MSW review

History of Formula 1 Betting

The Filipino racing heritage is not necessarily fascinating as it has hosted a limited number of events in this domain. However, with Asia being its target, Formula 1 is now eyeing the Philippines for expansion. This is contributing to the increase in trend of betting on the Philippines Formula 1.

The history of Formula 1 dates back to 1950 when Britain’s Silverstone track hosted the first world championship race. Road car manufacturers like Ferrari, Mercedes, Maserati, and Alfa Romeo were the leading producers of cars in those days. Without much gaudiness and ostentation, the vehicles were designed by infusing the newest technologies.

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The stats of 2009 and 2010 reveal that the winner of one of the previous two races has over 70% chances to win a race.
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In 2017, Juan Pablo of Colombia earned the fastest-ever lap in Formula 1.

Tentatively, the first Formula 1 bet was accepted in the 1950s. Much simpler than today, betting solely revolved around predicting who will win the race. The fortunate decades of the 1980s and 90s proved to be a golden era for the sport. Great names like Alain Prost, Ayrton Senna, and Nelson Piquet blessed the field with their unprecedented brilliance and competition. The swelling sports appeal also accounted for an increasing trend of betting.

The popularity boom in the Formula 1 betting continued till the mid-2000s and crafted it into the most recognized auto sport worldwide.

Nevertheless, Formula 1 does not have a very distinguished history attached to the Philippines. Formula Atlantic junior series, which terminated in 1976, was one of the most renowned racing events that embellished the Philippines’ F1 history.

Till day, the 2013 demonstration on the Manila streets is the only way the Philippines is connected to F1.

However, the betting fanatics can still hold on to the silver lining since F1 filed for a trademark of Grand Prix with the Intellectual Property Office of the Philippines in 2019. This highlights a rising tendency of the country being associated with an F1 race publicly.

Best Formula 1 Sportsbooks for Mobile Betting in the Philippines

You are likely to encounter a Formula 1 betting opportunity while away from your computer. The smartest decision would be to utilize the chance right there and then. In times of such urgency, the option of betting through mobile phones is the ultimate saviour. The cherry on top is that you do not necessarily need to download additional software for most of the betting sites.

Fortunately, the incredible advancement in technology has paved the way for mobile-responsive betting sites. It allows you to manage your betting account on the go by connecting through your iPad, iPhone, Android, or Windows smartphone. Not to mention complete access to the same functionality and features of the betting sites on mobile phones as are viewed by the users on their PCs. While using a mobile-optimized website, it is recommended to use Safari or Google Chrome to access it.

Take a look at some of the mobile-optimized Formula 1 Sportsbooks in the Philippines.

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Deposit $30 (~1482 PHP), bet $60 (~2964 PHP)

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2

100% up to 5400 PHP

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3

50% welcome bonus up to $1000 (~49415 PHP)

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4

100% up to $122 (~6028 PHP)

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5

100% up to €125

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F1 Betting at MegaSportsWorld

MegaSportsWorld (MSW) is a legitimately authorized, locally-based sportsbook accessible to Filipino inhabitants across the nation.

They offer physical games wagering on nearby, local, and global occasions and web-based wagering chances to their clients. Enlisted Filipino or outside clients can telephone in wagers to MSW areas.

However, they are not permitted to place any bets online due to the current law. MSW has more than 100 outlets spread over the Philippines, which are typically found in clubs and web bistros.

MSW

Native Filipino Sportsbook

During the regular time, MSW provides ample options to bet on Formula 1. In these trying times, however, the sportsbook had to put its activity on hold. Keep in touch to learn when the fun resumes.

Recommended Payment Methods at Formula 1 Sportsbooks

Filipino punters have a vast range of payment method options at their end. After selecting the right betting site, you have to figure out the best payment method for yourself. Follow the given list to have an insight into the subject:

Credit Card is a free and quick payment method. The deposit limit ranges between 499 peso and 1,499,672 peso.
The Mastercard card offers a free and instant payment option. The deposit limit lies between 499 peso and 1,499,672 peso.
Skrill is a free e-wallet. It allows you to deposit a minimum of 400 peso and a maximum of 1,899,585 peso.
Neteller is a free and instant e-wallet. It has a deposit limit between 999 peso and 2,499,454 peso.

Punters have several options when it comes to payment methods. Since online betting can be a source of significant earning, we recommend you to opt for methods that do not charge you a penny.

Mastercard is an accessible way to pay online using your credit card. Supported by many companies.
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Skrill is one of the world’s largest payment processing systems online and is supported in many countries all over the world.
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Paypal, which was founded in 1998, provides a safe and effortless way to deposit funds into your account.
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