How to Bet on F1 | Best Formula 1 Betting Sites

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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. FanDuel: Best Overall
  2. PointsBet: Best Intro Promo
  3. BetMGM: Best Customer Reviews
  4. DraftKings: Best Deposit Match
  5. WynnBET: Best Low Deposit Intro Promo
  6. BetRivers/SugarHouse: Best Odds
  7. Caesars: Second-Best Intro Promo
  8. Betway: Best for Fast Payouts

Best Online Sportsbooks for F1 Betting

#1

5/5

FanDuel Sportsbook

#2

5/5

PointsBet Sportsbook

#3

5/5

BetMGM Sportsbook

#4

DraftKings Logo
4.9/5

DraftKings Sportsbook

#5

4.8/5

WynnBet Sportsbook

T6

4.7/5

SugarHouse Sportsbook

1) FanDuel Sportsbook: Best Overall 

fanduel 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

If your first bet loses, FanDuel will refund you in free bets up to $1,000. You will receive your free bets within 72 hours of your first bet settling and you have 14 days to use them once they hit your account. 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 $1,000 No Sweat First Bet intro promo for new customers is also one of the best currently available. If your first bet loses, FanDuel will refund you in free bets up to $1,000. You only have 14 days to use the free bets (if you receive them) 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

2) PointsBet: Best Intro Promo

Pointsbet logo
5/5

For new customers only

Ratings

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

Intro Promo

PointsBet is offering two risk-free bets up to $2,000 for new customers, up to $1,500 for your first PointsBetting bet and up to $500 for your first fixed-odds bet. Use promo code ODDS2000 here to access it.

PointsBet comes in as tied with FanDuel and BetMGM for our #1 overall sportsbook for betting on the F1.

The PointsBet intro promo of two risk-free bets up to $2,000 is the best betting bonus currently available. New customers receive up to $1,500 for your first PointsBetting bet and up to $500 for your first fixed-odds bet. Use PointsBet promo code ODDS2000 to receive the offer.

The unique PointsBetting system adds a unique twist to sports betting that is otherwise pretty much standardized across the U.S. With this, you win or lose more depending on how far off the result of your bet was from the line.

PointsBet has a nice user interface on both the app and website, and they allow you to bet on all majors sports and leagues. You can also bet same game parlays (called “Single Game Parlays”).

The only category that we don’t rate PointsBet as 5 stars is Deposits & Withdrawals. While we still rate them as 4 stars (or “Great”), they don't offer quite the same number of banking methods as some other books.

Whether you are new to sports betting or are a seasoned veteran, PointsBet is well worthy of your consideration, especially if you want a valuable intro promo and like the unique PointsBetting system.

States

Pros

Cons

3) BetMGM Sportsbook: Best Customer Reviews

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

If your first bet loses, receive a free bet of equal value up to $1,000. You must use the free bet within 7 days of it 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 a risk-free bet of up to $1,000. 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) DraftKings Sportsbook: Best Deposit Match

Draftkings Sportsbook logo
4.9/5

For new customers only

Ratings

  • Odds: 4/5
  • Intro Promo: 4.5/5
  • Odds Boosts & Promos: 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 free bet, 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

5) WynnBET: Best Low Deposit Intro Promo

WynnBet Logo
4.8/5

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: 4/5

Intro Promo

After making your first bet of $100+ on a market with -120 odds or longer, WynnBET will give you a $100 free bet. NJ & MI players get a $50 free sportsbook bet & $50 casino bonus. Free bet expires 10 days after you receive it.

WynnBET is the online sportsbook arm of the legendary Wynn Resorts. While it may not be as recognized as FanDuel and DraftKings, it is a great F1 betting option for those in states where it operates.

To start, WynnBET offers a competitive welcome bonus of a $100 free bet after just betting $100. After you make your first bet of $100+ on a market with -120 odds or longer (-110, +200, etc.), WynnBET will give you a $100 free bet.* While this promo isn't as high in value as others, it requires a much lower deposit to max it out.

Aside from the welcome bonus for new customers, WynnBET also offers many ongoing promotions and odds boosts that allow you to boost your winnings, earn a free bet, or insure bets.

Though the WynnBET app and website aren't my favorite in terms of user experience, they're easy enough to navigate and place bets with.

All in all, WynnBET is a great sportsbook and is worth adding to your stable of sports betting apps—especially considering the bet $100, get $100 free intro promo.

*Players in NJ & MI will receive a $50 free bet for the sportsbook and a $50 casino bonus.

States

Pros

Cons

6) BetRivers/SugarHouse: Best Odds

Ratings

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

Intro Promo

BetRivers/SugarHouse offers a 100% deposit match in site credit up to $250. You have 30 days to use 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.

The main reason why BetRivers/SugarHouse isn’t ranked higher is because of their lackluster intro promo match deposit bonus up to $250. If you only plan to deposit $250 or less in a sportsbook, however, it’s actually the best option since you get a 100% deposit match.

To make up for this, BetRivers and SugarHouse 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

7) Caesars Sportsbook: Second-Best Intro Promo

Caesars Sportsbook Logo
4.7/5

For new customers only

Ratings

  • Odds: 5/5
  • Intro Promo: 4.6/5
  • Odds Boosts & Promos: 4/5
  • Sports & Bets Offered: 5/5
  • User Interface: 4/5

Intro Promo

If your first bet loses, Caesars will refund it with a free bet of equal value up to $1,100. You have 14 days to use the free bet and there is a minimum odds requirement of -200.

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—a risk-free bet up to $1,100. Like with other risk-free bets, if your first bet loses, Caesars will give you a free bet of equal value up to $1,100.

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

8) Betway Sportsbook: Best for Fast Payouts

Betway Logo
4.3/5

For new customers only

Ratings

  • Odds: 4/5
  • Intro Promo: 4/5
  • Odds Boosts & Promos: 5/5
  • Sports & Bets Offered: 5/5
  • User Interface: 3/5

Intro Promo

Betway offers a risk-free bet up to $250 or $1,000 depending on your state. If your first bet loses, receive a free bet up to $250 or $1,000. You have 7 days to use it and there is only a 1x rollover requirement. 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—a generous risk-free bet up to $1,000 (NJ, PA) or $250 (all other states) that is refunded as a single free bet. Just make sure you use it within 7 days of hitting your account if you do lose your first bet.

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:

Sportsbook

States

Intro Promo*

FanDuel

AZ, CO, CT, IL, IN, IA, LA, MI, NJ, NY, PA, TN, WY, WV, VA

$1,000 No Sweat First Bet

PointsBet

CO, IL, IN, IA, MI, NJ, NY, PA, VA, WV

2 Risk-free bets up to $2,000

BetMGM

AZ, CO, IL, IN, IA, LA, MI, NJ, NY, PA, TN, WV, WY, VA

Risk-free bet up to $1,000

WynnBet

AZ, CO, IN, MI, NJ, NY, TN, VA

Bet $100, Get $100

BetRivers

AZ, CO, IL, IN, IA, LA, MI, NY, PA, VA

100% up to $250 deposit match

SugarHouse

CT, NJ, PA

100% up to $250 deposit match

Betway

AZ, CO, IN, IA, NJ, PA

Risk-free bet up to $1,000

SI Sportsbook

CO, VA

Bet $10, get $50 in free bets

DraftKings

AZ, CO, CT, IL, IN, IA, LA, MI, NH, NJ, NY, PA, TN, WV, WY, VA

20% deposit match up to $1,000

Caesars

AZ, CO, IL, IN, IA, LA, MI, NV, NJ, NY, PA, TN, WV, VA

Risk-free bet up $1,100

Barstool

AZ, CO, IL, IN, IA, LA, MI, NJ, PA, TN, VA

Risk-free bet up to $1,000 + $10 for registering

bet365

NJ100% deposit match up to $500

Unibet

AZ, IN, IA, NJ, PA, VA

Risk-free bet up to $500

FOX Bet

CO, MI, NJ, PARisk-free bet up to $500

Hard Rock

NJ

Risk-free bet of $100

*May vary by state

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

NoYes

District of Columbia

YesYes

Florida

Suspended

Suspended

Illinois

YesYes

Indiana

YesYes

Iowa

YesYes

Louisiana

Yes

Yes

Maryland

Coming soon

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

NoYes

Oregon

YesYes

Pennsylvania

YesYes

Rhode Island

YesYes

South Dakota

NoYes

Tennessee

YesNo

Virginia

YesYes

Washington

NoComing soon

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. 
  • Futures: Constructors’ Championship: A season-long bet on the winning team (including both drivers, not just the overall winner).
    •  

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: Daniel Ricciardo and Lando Norris 
  • Alpine: Fernando Alonso and Esteban Ocon 
  • AlphaTauri: Pierre Gasly and Yuki Tsunoda 
  • Aston Martin: Sebastian Vettel and Lance Stroll 
  • Williams: Nicholas Latifi and Alex Albon 
  • Alfa Romeo: Zhou Guanyu and Valtteri Bottas
  • Haas: Kevin Magnussen and Mick Schumacher

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.