Betting on the Monaco Grand Prix Online
The Monaco Grand Prix is a major Formula 1 event, attracting significant interest from online sports betting sites. Organized annually by the Automobile Club de Monaco, the Circuit de Monaco spans 3.337km per lap, with a minimum of 78 laps per race. It's a key part of the Triple Crown of Motorsport and the Formula One Championships.
Unlike purpose-built tracks, this is a road race through Monte Carlo's streets. The narrow roads, numerous turns, elevation changes, and a tunnel make it one of the most challenging Formula 1 races. Online sports betting enthusiasts in Ghana find exciting opportunities to wager on this prestigious event.
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History of the Monaco Grand Prix
The first Monaco Grand Prix took place in 1929, with William Grover-Williams at the wheel of a Bugatti clinching the win. Interestingly, just the year before, the application to elevate the race to national status was turned down, meaning the Monaco Grand Prix narrowly avoided not happening at all.
This was because the proposed racetrack included roads primarily in neighbouring countries. To sidestep this challenge, the track was ingeniously designed on the streets of Monte Carlo. Consequently, this circuit was significantly shorter than the typical Formula One racing circuits. However, what the track lacked in length, it compensated for with an increased number of laps.
What is Formula 1?
Formula 1 racing, often shortened to F1, is a globally recognised motorsport governed by the Fédération Internationale de l'Automobile (FIA). The ultimate goal is to win the race, adhering strictly to a set of established rules.
Formula 1 league races typically cover over 305km, with the victor determined by the driver who completes the race using the fewest laps.
Throughout the Formula One season, a series of races known as Grand Prix events are held globally. While most take place on dedicated race tracks, some, like the Monaco circuit, are held on city streets temporarily closed to traffic. The Formula 1 Championships are a major attraction for Ghanaian bettors and the best online bookmakers.
Prize Money in the Grand Prix
Substantial prize money is up for grabs for all competitors in the Monaco Grand Prix. The current prize pool is approximately $1 billion, distributed among participants via a detailed structure. The top 10 finishing teams receive about half of this pot, with payouts decreasing based on their standings. All other participants are awarded around $10 million each, provided they secured a top 10 finish in at least two of the previous three years.
Popularity in Ghana
The Monaco Grand Prix draws a massive crowd annually, with roughly 100,000 spectators converging on Monte Carlo to witness the thrilling action. This number can easily double when you consider those watching from hotel and apartment balconies, or from the luxury yachts moored in the marina, offering prime viewing spots. It's a spectacle that captures the attention of motorsport fans in Ghana and worldwide.
From a whole list of sports tournaments, Formula 1 remains one of the most popular to see live, watch on TV and bet on.
Well Known Formula 1 Drivers
Ayrton Senna is the only driver to have won at the Monaco Grand Prix 6 times. 5 of these wins were consecutive between 1989 and 1993. Graham Hill and Michael Schumacher are the only 2 drivers to have ever gotten close to that record, both winning 5 times each.
Sir Lewis Hamilton, who has won the Monaco Grand Prix 3 times, is still racing today, and is one of the biggest names in the sport. Max Verstappen, the 2021 Monaco Grand Prix winner was only 23 when he stood on the winners podium.
Why is Monaco Grand Prix popular to bet on?
As one of the major Formula 1 tournaments it comes with a lot of excitement. To add to this, betting on the Monaco Grand Prix will only increase that adrenaline rush. It helps that online betting sites make it really easy to place a wager on this or any other formula one race.
Placing a bet is really simple, you can do it online, through one of the many online sportsbooks. Luckily there are many reputable online betting sites.
You don’t need to spend a lot of money either, as a matter of fact, gambling responsibly and only wagering an amount you can afford to lose is encouraged.
Any win is a bonus, but if your driver crosses the line for the win, and you happen to be able to cash in a few extra dollars, it all adds to the joy of watching the sport.
People who bet on the Monaco Grand Prix are not just limited to those who are fans of the sport.
People enjoy placing bets as a hobby, there are even professional gamblers. These are people who use strategy to try to predict the outcome of the race, based on things such as current form of the driver, weather conditions and the types of track to name just a few.
The Best Monaco Grand Prix betting sites in 2026
There are many great betting sites for anyone wanting to place a wager on the Monaco Grand Prix, or formula one races in general. It is best to choose a site that allows betting on a list of sports tournaments, including major formula one tournaments, rather than have a limited selection.
Reputable sites will offer a variety of sports to bet on, and most are easy to use online. Sites like 888 Casino and BetVictor will also offer a range of bonuses, including welcome bonuses for people who are registering with them for the first time. This means that with these sites, your money will go much further.
Some online betting sites, like William Hill, also have betting shops that you can go into to physically place a bet. This is ideal for those who want to bet on the next race, but who aren’t able to use an online mobile betting site for whatever reason.
Some people like to sit and watch the race live, which you are able to do in the betting shop, surrounded by like-minded people all cheering on their chosen driver.
How to bet on Monaco Grand Prix
Betting on the Monaco Grand Prix couldn’t be easier. First you need to find yourself a reputable online betting site, as stated earlier. Check out reviews, deposit methods and their responsible gaming policy.
Once you are happy with your chosen site, create an account and link your payment method to it. Most sites take debit and credit cards, some will also accept PayPal and other e-wallet payments.
Pick your chosen race from one of the Formula one tournaments, decide who you want to win, based on whatever strategy you wish (some people like to just pick a name from a hat!) and place your bet. The site will be clear about your odds, the higher the odds the bigger the return – but also less likely to come to fruition. Then sit back and watch the race unfold.
If you win, the amount you have won, depending on the odds you had, will be paid automatically into the account online. To withdraw this, you will need to go into the account to request it.
Normally the withdrawal of winnings will only go back onto the card (or payment method) the money came out of, so if you paid via credit card, you will not be able to withdraw to your PayPal, for example.
