How to Bet on F1 | Best Formula 1 Betting Sites

Companies featured on this page may be our partners that compensate us if you sign up for one through our links. This doesn't affect our ratings or opinions in any way. Learn more here. Must be 21+. Gambling Problem? Call 1-800-GAMBLER.

Formula 1 is a high-octane motorsport known for exotic circuits, blazing-fast cars, and intense rivalries between superstar drivers. Although F1 is not as popular as NASCAR and IndyCar in America, it's getting there. Formula 1: Drive to Survive, the recent Netflix documentary series, has boosted the sport's popularity to new heights.

With the surging interest in F1, most legal sportsbooks are providing comprehensive coverage of this sport in their portfolios to meet the demand. Formula 1 odds are available for all high-profile races, with betting options ranging from race winner to time props and other specials. 

This guide goes over how to bet on F1, including the best F1 betting sites, markets offered, and other points you should consider when betting on the sport.

Best F1 Betting Sites

Almost every legal sportsbook in the U.S. allows you to bet on Formula 1—especially with its recent growth in popularity in the U.S.

Still, not all of them feature competitive odds, lucrative promotions, and other essential features we consider when reviewing sites.

The following list goes over the best sportsbooks for betting on F1 in the U.S. You can learn more about how we rate F1 betting sites later on the page.

Best F1 Betting Sites:

  1. Caesars: Best Sign-Up Bonus & Overall
  2. FanDuel: Best Overall (Tied)
  3. BetMGM: Best Overall (Tied)
  4. bet365: Best Formula 1 Props
  5. BetRivers/SugarHouse: Best Odds
  6. DraftKings: Best Variety of Sports
  7. Betway: Best Customer Reviews

Best Online Sportsbooks for F1 Betting

#1

5/5

Caesars Sportsbook

#2

5/5

FanDuel Sportsbook

#3

5/5

#4

4.9/5

T5

4.8/5

BetRivers Sportsbook

T5

4.8/5

SugarHouse Sportsbook

1) Caesars Sportsbook: Best Sign-Up Bonus & Overall

Caesars Sportsbook Logo
5/5

Promo code: OA1000

Ratings

  • Odds: 5/5
  • Intro Promo: 5/5
  • Odds Boosts & Promos: 5/5
  • Sports & Bets Offered: 5/5
  • User Interface: 5/5

Intro Promo

If your first bet at Caesars loses, you'll receive a Bonus Bet of equal value as a refund, up to $1,000. You must use the Bonus Bet within 14 days once it hits your account. Access it with our exclusive link here.

Caesars Sportsbook became one of the best sportsbooks available after acquiring William Hill and integrating its technology into the Caesars platform.

Caesars Sportsbook offers one of the best intro promos for new customers—$1,000 Bonus Bet—with promo code OA1000. If your first bet loses, Caesars will give you a Bonus Bet up to $1,000.

The perks of the Caesars Sportsbook don't end after you take advantage of the intro bonus, either. They offer some of the most competitive F1 odds in the industry and have attractive ongoing promotions and odds boosts to help you win more.

Caesars also offers all major sports and bet types—including same game parlays that allow you to combine sides, totals, and prop bets from the same game in one parlay.

There isn't much not to like when it comes to the new Caesars Sportsbook. While it isn't my favorite user interface of all the sportsbook apps, it's easy to navigate and place bets. 

Overall, Caesars Sportsbook is a phenomenal option when it comes to betting. They have one of the best intro promos, great odds, regular odds boosts, and a decent user experience.

States

Pros

Cons

2) FanDuel Sportsbook: Best Overall (Tied)

fanduel sportsbook logo
5/5

Moneyline only. Team must win to get bonus.

Ratings

  • Odds: 5/5
  • Intro Promo: 4.5/5
  • Odds Boosts & Promos: 5/5
  • Sports & Bets Offered: 5/5
  • User Interface: 5/5

Intro Promo

New customers receive $150 in Bonus Bets after placing a $5 moneyline bet if their team wins. Your bonus bets will be credited within 72 hours of your first wager settling, and you have 7 days to use them. Access the promo with our exclusive link here.

FanDuel is tied as our highest-rated F1 sportsbook thanks to the competitive odds, generous promotions and odds boosts, variety of bet types and sports to wager on, and a great user experience on both the website and mobile app.

The Bet $5, Get $150 sign-up bonus for new customers is also one of the best currently available. 

Simply register, deposit $10+, and make your first bet of $5 or more, and you'll receive $150 in bonus bets. You have 7 days to use the bonus bets but you only have to bet them once before you can withdraw any winnings.

FanDuel pioneered the “Same Game Parlay” and offers the smoothest and most complete process for betting them. With these, you can combine prop bets, totals, and sides from the same game in a single parlay. If you've ever seen screenshots of ridiculous parlays from a single game online, it was likely a Same Game Parlay from FanDuel.

Whether you are looking for a single sportsbook to use or want to add another book to your lineup of options, FanDuel Sportsbook is one of the best options currently available. There's a reason FanDuel dominates market share in the U.S. and we think you'll be very satisfied if you decide to go with them.

States

Pros

Cons

3) BetMGM Sportsbook: Best Overall (Tied)

betmgm sportsbook logo
5/5

For new customers only

Ratings

  • Odds: 5/5
  • Intro Promo: 4.5/5
  • Odds Boosts & Promos: 5/5
  • Sports & Bets Offered: 5/5
  • User Interface: 5/5

Intro Promo

New customers receive $150 in bonus bets after placing a $5 bet. You must use the bonus bets within 7 days of them being credited to your account but there is only a 1x rollover requirement. Access it with our exclusive link here.

BetMGM Sportsbook is another one of our highest-rated online Formula 1 betting sites—scoring well in all categories we analyze.

To start, all new BetMGM customers are eligible for bonus bets up to $1,500 if your first bet loses. There is no BetMGM bonus code required to receive this—it's automatically applied to your account after you register.

BetMGM also offers a wide variety of sports and bet types, generous promotions and odds boosts, competitive F1 odds, and a good user experience.

Another thing that sets BetMGM apart is that it offers true same game parlays (called “One Game Parlays”). Like with FanDuel's Same Game Parlays, you can combine prop bets, totals, and/or sides from the same game in one parlay.

Of all the sportsbooks we've analyzed, BetMGM has the best customer reviews. On the Apple App Store, BetMGM has an average of 4.8 stars from over 87 thousand reviews.

On the downside, BetMGM doesn't have player statistics available in the app and it can be difficult to get ahold of customer support.

Overall, BetMGM is one of best sportsbooks currently available, offering one of the best intro promos in the nation, competitive odds boosts and ongoing promotions, a great user experience, and everything else you may want in a book.

States

Pros

Cons

4) bet365 Sportsbook: Best Formula 1 Props

Bet365 logo
4.9/5

For new customers only

Ratings

  • Odds: 5/5
  • Intro Promo: 5/5
  • Odds Boosts & Promos: 5/5
  • Sports & Bets Offered: 5/5
  • User Interface: 4/5

Intro Promo

You can pick from two offers after signing up at bet365. Bet $5+ within 30 days to get $150 in Bonus Bets. For the second deal, if your first bet loses, you get a refund of up to $1,000 in Bonus Bets.

bet365 is a global gambling powerhouse that originates in the UK. They first hit the U.S. market in 2018, starting in New Jersey. Since then, they've expanded into Iowa, Kentucky, Louisiana, Ohio, and Virginia.

They kick things off for new bettors with two welcome bonuses—though you'll have to choose just one. The first is a safety net that refunds your first wager up to $1,000 in Bonus Bets if it loses. The second is a bet $5, get $150 in Bonus Bets offer. There's no need for promo codes; just click on my links to get started.

bet365 performs strongly across most of my performance indicators, and I feel they truly excel when it comes to pricing. Their odds are often more favorable compared to other sportsbooks.

I'm a big fan of bet365's odds boosts, not just because they offer a ton of them every day but also because they permeate a wide range of sports, including niche ones. When it comes to Formula 1, they really stand out by offering more than five odds boosts for each race, covering markets such as outright winners, fastest qualifiers, and both cars podium finish. This is a rarity, as most sportsbooks tend to focus their odds boosts on mainstream sports and major leagues.

They get a lot of credit for their easygoing platform, with its inviting darker green theme, minimalistic design, and user-friendly layout that makes navigation a breeze.

States

Pros

Cons

5) BetRivers/SugarHouse: Best Odds

Ratings

  • Odds: 5/5
  • Intro Promo: 4.5/5
  • Odds Boosts & Promos: 5/5
  • Sports & Bets Offered: 5/5
  • User Interface: 4.5/5

Intro Promo

BetRivers/SugarHouse offers a second chance bet up to $500 in all states except NY where its $100. You have 30 days to use the bonus bet if you receive it and there is only a 1x rollover requirement.

BetRivers and SugarHouse are essentially the same sportsbook, they just operate in different states with a different brand name. 

We listed BetRivers/SurgarHouse towards the end of this list, but that doesn’t mean they’re a bad option for F1 betting—actually far from it.

BetRivers/SugarHouse offer a second chance bonus bet up to $500. If your first bet loses, you'll get a refund in the form of a bonus bet up to the limit. You have 30 days to use the bonus bet once you receive it.

BetRivers and SugarHouse also offer some of the best odds that we've seen. While most books offer the standard -110 odds on spread and total bets, BetRivers and SugarHouse regularly offer odds of -108 or -109. This is reflected in their F1 odds which often have less vig (or “juice”) than other books.

We’d be remiss not to mention the BetRivers’/SugarHouse’s loyalty program, iRush rewards. Bettors can simultaneously earn loyalty and bonus store points and redeem them for various perks and/or bonus money rewards.

States

Pros

Cons

6) DraftKings Sportsbook: Best Variety of Sports

Draftkings Sportsbook logo
4.8/5

For new customers only

Ratings

  • Odds: 5/5
  • Intro Promo: 4.5/5
  • Odds Boosts & Promos: 4.5/5
  • Sports & Bets Offered: 5/5
  • User Interface: 4.5/5

Intro Promo

DraftKings will match 20% of your first deposit of up to $5,000 ($1,000 max match in site credit). You must bet the bonus 25x before you are able to withdraw it and you have 90 days to do so.

DraftKings Sportsbook is another amazing option when it comes to F1 sports betting sites.

DraftKings offers competitive odds, generous promotions and odds boosts, a variety of sports to wager on and bet types (including Same Game Parlays), and great user experience on both the website and mobile app.

The intro promo provides good value ($1,000 if maxed out), but the 25x rollover requirement is a lot especially considering you only have 90 days to bet it. In order to take advantage of the full welcome bonus, you would need to deposit $5,000 then bet $25,000 over the first 90 days.

Like most other competitive online sportsbooks, DraftKings regularly offers odds boosts and ongoing promotions—such as parlay insurance, ways to earn bonus bets, and more. Taking advantage of these is a great way to maximize your winnings.

Though it isn't quite our highest-rated sportsbook, DraftKings in undoubtedly one of the best options currently available and we think you'll be very satisfied if you go with them. Just be sure to read the fine print on the intro promo and bet the deposit match in time.

States

Pros

Cons

7) Betway Sportsbook: Best Customer Reviews

Betway Logo
4.7/5

For new customers only

Ratings

  • Odds: 4.5/5
  • Intro Promo: 4/5
  • Odds Boosts & Promos: 5/5
  • Sports & Bets Offered: 5/5
  • User Interface: 4/5

Intro Promo

Bettors from AZ, OH, PA, and VA can claim a Bet $50, Get $200 Bonus Bet welcome offer. New users from CO, IN, IA, and NJ are eligible for a First Bet Reset up to $250. Access it with our exclusive link here.

Betway Sportsbook is another smaller sportsbook, but is still competitive with all of the market leaders when it comes to betting on Formula 1. 

Our favorite thing about Betway Sportsbook is the fast payouts. All withdrawal requests are typically processed within 48 hours (and often much faster), meaning you don't have to wait long to get your money.

Betway also offers a wide variety of sports and bet types, including the coveted same game parlay, as well as many F1 markets

New customers can take advantage of the Betway intro promo after registering. Betway has two different welcome bonuses, depending on your state. If you're betting from AZ, OH, PA, or VA, you can score the Bet $50, Get $200 Bonus Bet. In CO, IN, IA, or NJ, the offer is a First Bet Reset up to $250.

On the downside, Betway only has mediocre customer reviews and a rather dull interface. While it is easy enough to navigate, it isn't as visually appealing as other books like FanDuel or PointsBet.

If you're looking for a new sports betting app to add to your lineup of F1 betting apps, Betway is a great option to consider.

States

Pros

Cons

Best Intro Promos for F1 Betting Sites

Here at Odds Assist, we are committed to creating objective, transparent ratings to help you make the best decisions when it comes to which sportsbooks to use. We will continually update our Editorial Ratings over time as sportsbooks introduce new features, change promotions, etc.

Each sportsbook we review goes through our extensive rating process that evaluates thousands of data points in eight categories, including the following:

Must be 21+ in most states. Gambling problem? Call 1-800-GAMBLER

Sportsbook

States

Sign Up Bonus*

Promo Code

FanDuel

AZ, CO, CT, IL, IN, IA, KS, KY, LA, MA, MD, MA MI, NJ, NY, OH, PA, TN, VA, WV, WY

Bet $5, Get $150 in Bonus Bets

Not needed

Caesars

AZ, CO, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NV, NJ, NY, OH, PA, TN, VA, WV, WY

$1,000 First Bet on Caesars

OA1000

BetMGM

AZ, CO, FL, IN, IA, KY, LA, MD, MA, MI, NV, NJ, NY, OH, PA, TN, VA, WV, WY

Bet $5, Get $150 in Bonus Bets**

ODDS100

bet365

CO, IA, KY, LA, NJ, OH, VA

Bet $5, Get $150 in Bonus Bets

Not needed

BetRivers

AZ, CO, IL, IN, IA, LA, MA, MI, NJ, NY, OH, PA, VA, WV​

Second Chance Bet Up to $500

ODDS1

SugarHouse

PA

Second Chance Bet Up to $500

ODDS1

Betway

AZ, CO, IN, IA, LA, NJ, OH, PA, VA

Bonus Bet Up to $250

Not needed

SI Sportsbook

CO, MI, VA

100% Deposit Match Up to $100

Not needed

Unibet

AZ, IN, NJ, PA, VA

$500 Second Chance Bet

Not needed

DraftKings

AZ, CO, CT, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, NH, NJ, NY, OH, OR, PA, TN, VA, WV, WY

20% Deposit Match Up to $1,000

Not needed

Barstool

AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, MI, NJ, OH, PA, TN, VA, WV

Up to $1,00 Back in Bonus Bets

Not needed

Hard Rock

NJ

First Bet Match Up to $100

Not needed

*May vary by state.
**Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.

How We Rate Formula 1 Sportsbooks

Below you can see the intro bonuses for new customers from all of the sportsbooks that we've reviewed that offer F1 betting. As sportsbooks update their intro promos, we will update this guide so you can always find the best offers available.

Category Weight Description
Odds
25%
How competitive the odds offered are across all major sports
Intro Promo
15%
How competitive the intro promo for new customers is
Promos & Odds Boosts
15%
How many & how generous ongoing odds boosts & promotions are
Sports & Bets Offered
10%
Which sports & types of wagers are offered by the sportsbook
User Interface
10%
How user friendly the website & mobile app(s) are
Deposits & Withdrawals
10%
Which deposit & withdrawal methods are available as well as payout speed
Customer Reviews
10%
How positive customer reviews across other platforms are
Education & Statistics
5%
The availability of educational & responsible gaming resources as well as team & player statistics

We rate each sportsbook relative to other sportsbooks in each category. Each is scored from 1 to 5 with each representing the following:

  • 5 Stars: Best in category
  • 4 Stars: Above-average
  • 3 Stars: Average
  • 2 Stars: Below-average
  • 1 Star: Worst in category

Data for all sportsbooks were collected simultaneously to ensure fairness. For example, we only compared odds for the same games at the same times across all sportsbooks reviewed.

To learn more, check out our full Ratings Methodology page.

What to Look for in an F1 Betting Website

Finding the best sportsbook for Formula 1 betting can be an arduous task. You have to compare several aspects of each operator while considering your personal preferences. When analyzing F1 betting sites, pay attention to these performance indicators:

  • Legality and license status: Stick with regulated sportsbooks—sites that your state’s regulatory agency licenses. Avoid offshore books like Bovada because you won’t have a recourse if something goes wrong. Plus, if the site goes out of business (which has been known to happen), you’ll have no way of retrieving your funds. You can see which states have legal sports betting here.
  • Competitiveness of odds: If you want to have the best bang for your buck, you’ll need to pick a sportsbook that consistently offers competitive odds on F1 races. Our sportsbook comparison tool will help you find an operator that’s right up your alley. Regardless, you should shop around for the best lines and odds before the race starts to ensure that you’re getting the most value on the market for your bet. 
  • Intro promo for new customers: When comparing intro promos of different sportsbooks, you should take two things into account—total value and attached terms and conditions. Big welcome bonuses could be useless if they come with unfriendly terms, such as high wagering requirements and tight odds/market restrictions.
  • User experience on the app or website: Your chosen sportsbook should have an easy-to-use desktop interface and a well-optimized mobile app. It can be a nightmare to wager on a laggy platform, especially with live bets.
  • Types of wagers offered: F1 is a niche sport, so some sites may have a limited betting coverage of races, making it difficult to find value. Conversely, top sportsbooks feature a wide range of wagers, even for low-profile events. 
  • Live betting options: The fast-paced nature of F1 aligns well with live betting. Entertainment aside, in-play wagers can help you hedge your pre-race bets and ensure profit. That’s why it is imperative to find an F1 betting site with an adequate live betting offering. 
  • Deposits/withdrawal options and speed: The top sportsbooks will give you access to a range of secure deposit methods like PayPal and Mastercard while processing your cashouts quickly. 

How to Bet on F1

If you’re a newbie in the world of F1 betting, here’s a mini step-by-step guide that will show you how to get started: 

  1. Pick a sportsbook that’s legal in your state. You can check out our state guides for some pointers. 
  2. Sign up for an account. You can do this on the desktop site or the app. To register, you’ll need to provide some basic information like your name, address, phone number, and the last four digits of your SSN. 
  3. Deposit. Don't forget to meet the minimum deposit requirements of the welcome bonus while topping up your account.
  4. Weigh up your picks. Before you place your bets, you should research aspects like the drivers’ recent form, qualifying session results, track properties, and so on.
  5. Line up your bets. The F1 betting menu should be on the left side of the interface.

States Where You Can Legally Bet on F1 Games

Here are all of the states that currently offer legal F1 betting online, in-person, or both:

State

Online

In-Person

Arizona

Yes

Yes

Arkansas

NoYes

Colorado

YesYes

Connecticut

Yes

Yes

Delaware

Yes

Yes

District of Columbia

YesYes

Florida

Yes

Yes

Illinois

YesYes

Indiana

YesYes

Iowa

Yes

Yes

Kansas

Yes

Yes

Louisiana

Yes

Yes

Maine

Yes

Yes

Maryland

Yes

Yes

Massachusetts

Yes

Yes

Michigan

YesYes

Mississippi

NoYes

Montana

NoYes

Nebraska

NoComing soon

Nevada

YesYes

New Hampshire

YesYes

New Jersey

YesYes

New Mexico

NoYes

New York

YesYes

North Carolina

Coming soon

Yes

Ohio

Yes

Yes

Oregon

YesYes

Pennsylvania

YesYes

Rhode Island

YesYes

South Dakota

NoYes

Tennessee

YesNo

Virginia

YesYes

Washington

No

Yes

West Virginia

Yes

Yes

Wyoming

Yes

No

Types of Bets You Can Make on F1

The number of exciting markets available plays a big part in the appeal of F1 betting. During a Grand Prix, you'll find dozens of props, including some unique options you won't find in other sports. Below is a breakdown of the different types of markets you can bet on:

  • Race winner: Select the driver you believe will win the race. The sportsbook will list all drivers in a moneyline format, with favorites listed at the top, longshots at the bottom, and underdogs in the middle. 
  • To podium: This is a bet on a driver to finish in one of the top three positions. Since it’s easier to hit, the odds are lower than for race-winner bets. 
  • Points finish (top 10 in the race): This is a spin-off of the “to podium” bet that involves predicting the driver you think will end up as one of the top 10 finishers. 
  • Winning margin: This is a bet on whether the finishing time between the top two drivers will be over or under the line posted by the sportsbook. 
  • Fastest lap: Betting on which driver will record the fastest lap in a given race.
  • First car to retire: A bet on which driver will retire from the race first. 
  • To win qualifying: This is a wager on the driver you believe will win the qualifiers and have the pole position in the race. Free practice results are often a good gauge of the driver's performance in qualifying.
  • Head-to-head matchups: This bet pits two drivers against one another, usually of similar ranking (and perceived ability). You have to decide which driver will perform better. This is a great bet if you’re a fan of a mid-tier driver that doesn’t really have a shot to win the race.
  • Futures: Drivers’ Championship: A long-term bet on the driver you think will win the Drivers’ Championship at the season’s end. The odds are usually long outside of the top three favorites. See current F1 Drivers' Championship odds here.
  • Futures: Constructors’ Championship: A season-long bet on the winning team (including both drivers, not just the overall winner). See current F1 Constructors' Championship odds here.
    •  

F1 Drivers You Can Bet On

Here’s the lineup of teams currently competing in F1 and their respective drivers, all of which you can bet on:

  • Mercedes: Lewis Hamilton and George Russell 
  • Red Bull: Max Verstappen and Sergio Perez 
  • Ferrari: Charles Leclerc and Carlos Sainz 
  • McLaren: Lando Norris and Oscar Piastri
  • Alpine: Esteban Ocon and Pierre Gasly
  • AlphaTauri: Yuki Tsunoda and Daniel Ricciardo (replaced Nyck de Vries mid-way through season)
  • Aston Martin: Fernando Alonso and Lance Stroll 
  • Williams: Alex Albon and Logan Sargeant
  • Alfa Romeo: Zhou Guanyu and Valtteri Bottas
  • Haas: Kevin Magnussen and Nico Hulkenberg

Dave Rathmanner

Dave Rathmanner is the Founder & CEO of Odds Assist. After struggling to find helpful sports betting resources and honest reviews when he first started betting, he decided to create the site he always wished he had. Dave has been betting on sports since NJ legalized it in 2018 and regularly analyzes sportsbooks to find the best options for bettors. Aside from creating new content for OA readers, Dave is also passionate about researching betting markets, creating models, and developing profitable betting strategies.