F1 betting in the Philippines is currently on the rise due to Formula One’s growing interest in Asia, particularly eyeing to expand in the Philippines. Formula 1, in 2019, even went ahead to file for a trademark of the Grand Prix with the Intellectual Property Office of the Philippines.
Top Bookmakers for Formula 1 Betting 2024
The legality of F1 betting in the Philippines
The Philippines’ government manages gambling through the Philippine Amusement and Gaming Corporation and the First Cagayan Resort and Leisure Corporation. F1 betting online is legal in the country. According to a court ruling made in 2012, online gambling is fully legal. Several laws exist to support online betting, including House Bill 8910 of February 2019.
Formula 1 Betting
The Philippines has a prominent name and global recognition in the field of sports betting. The country is a nerve center for the worldwide operators of online betting. It is in this regard that Filipinos are passionate when it comes to Formula 1 betting. Philippines has a gradually growing sports betting industry with numerous websites for F1 betting, giving Filipino gamblers a broader market for betting. Laws and regulations supporting gambling in the country also make it easy to pursue F1 betting.
Most Popular Bet Types in F1 Betting
Advancements in technology have made it easier for an eruption of several betting sites that offer different bet types. Below are some popular bet types for F1:
Outright Betting on Formula 1 Races
The outright type of betting involves placing a bet on the winner or a particular Grand Prix. There are different Formula 1 odds available for the various F1 drivers, in which you select one of whom you think will win a specific race and place a bet on them. It is a more straightforward type of bet hence best for amateurs in Formula 1 betting. A gambler has to choose from the Formula 1 betting odds offered, enter the desired amount you wish to place, and receive a potential payout. There is a different criterion for outright betting whereby you are allowed to predict which driver finishes in what position, usually the top three spots.
The long term betting for Formula 1 involves placing a bet on the eventual champion or a winning team. These are season-long platforms where you are allowed to bet on the most successful team or driver. The long term bet type works similar to outright betting, the only difference being that it involves betting on the driver or the team that gathers the most points in a single Formula 1 season. The best chance at winning is to always wait for a perfect time of the season, then place a bet on the possible title winner.
F1 Live Betting
If you are a gambler who loves betting while the game or race is in play, this is the best betting type for you on F1. You must be willing to make tough and swift decisions to get a win. In an F1 race, drivers have to make a stop at least once to change tires. One way to make a successful bet is to check on the driver who makes a stop at the right time of the race because he has a higher chance of winning. Listening to commentators during the competition will also help you make a better decision since they always give updates on the drivers’ whereabouts.
F1 Qualifying Betting
It is not always about Sunday races alone when it comes to the Grand Prix betting. A driver’s success on an F1 weekend also massively depends on Saturday’s qualifying session. These sessions are vital for drivers as they attempt to escape the cut-off mark and progress to the next stage. Placing a bet on the qualifying session is, therefore, a way of familiarizing with F1 betting before the actual race occurs on Sunday.
Leading Online F1 Betting Sites
There are several online betting sites in the Philippines operating according to the rules set by the regulation corporation PAGCOR. Some of the best betting sites include:
1X Bet
The site has some of the best F1 betting odds for formula one races in the Grand Prix. There is a welcome bonus for new players upon completing the registration. The platform also allows you to live- stream ongoing tracks.
Spin Sports
Spin Sports is one of the best sites for F1 gambling in the Philippines. The F1 odds given at the site are high compared to other sites and go through minimum interference. Spin Sports offers a 100% bonus for deposits made up to $400.
Cloudbet
Cloudbet allows F1 Filipino gamblers to bet using bitcoins hence not limiting them to cash deposits. Due to this feature, many of them have embraced playing on Cloudbet.
F1 Betting Apps to Bet On The Go
Betting on F1 races has been made easier since gamblers can now gamble at the comfort of their mobile devices. Accessing F1 betting sites can now be done on devices through browsing apps, either on android phones or iPhones. You only need to login to the website and then access different odds and bet options.
Conclusion
Gambling on F1 sport in the Philippines has become interesting with the growing love for the game across the country. Since it is legal to bet on formula 1 in the country, bettors have a wide range of betting sites with good odds to choose from and earn huge payoffs.
FAQ
?? Can I legally bet on Motor Racing in the Philippines?
Yes. Betting on F1 motor races is legal according to the laws and regulations set under the PAGCOR regulatory authority. No rules are prohibiting F1 championship betting in the country, according to PAGCOR at the moment.
?? Is it profitable to bet on Formula 1?
Yes. It is possible to profit from formula one gambling since different betting sites have high F1 championship odds that will give you a favorable payout in case you win.
?? Can I bet on F1 from my smartphone?
Yes. The betting apps can be used comfortably on both android and apple phones.
