FanDuel Sportsbook has listed F1 prop bets on which drivers will have the fastest lap, team of the winning driver, podium finish, top 6 finish, and race winning margin. These bets can be made at any point when the odds are available. Once your bet is placed, your wager will be settled at the end of the race or season.

F1 Futures\n\n The most basic form of futures betting is simply picking the driver you think will win the race. You can also bet on various other futures, such as a driver to finish in the Top 6 or Top 10. Season-long futures are also available, such as which driver will win the Formula 1 World Championship.

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The Lotteries Commission pays duty at 5.5% of turnover, while the racing industry and gaming machines pay duty at 20% of gross profit. Casinos pay duty at only 4% of gross profit but they also pay income tax.