Best Formula 1 Betting Sites: Top Sportsbooks for 2024
Explore the best Formula 1 betting sites online in the US, meticulously chosen by our expert team to be the best available in March 2024.
During the F1 season, there is ample opportunity to make wagers at various F1 betting sites. Given the immense popularity of Formula 1 among sports betting enthusiasts, we took the initiative to locate the finest F1 betting websites currently available. Within this piece, we will present our selection of the premier F1 sportsbooks and guide you through the process of redeeming a new-user promo to kickstart your F1 betting experience.
Interested in the corresponding F1 betting apps? We have you covered there as well.
🔥 Top 5 F1 Betting Sites
Displayed in the following table are, in our opinion, the best F1 betting sites, accompanied by the respective sign-up bonuses on offer. A comprehensive breakdown of our assessment will be discussed in an upcoming section.
| Rank 🏅 | Sportsbook 🏠 | Welcome Offer + Code 💲 | Our Rating ⭐️ |
|---|---|---|---|
#1 | BetMGM | 5/5 | |
#2 | Caesars | 4.9/5 | |
#3 | DraftKings | 4.8/5 | |
#4 | FanDuel | 4.7/5 | |
#5 | BetRivers | 4.6/5 |
🏎️ F1 Betting Sites
This section will include the bulk of our analysis of each of the best F1 betting sites. We’ll highlight all the features that make these sportsbooks enjoyable and explain how new customers can claim the available welcome offers.
#1 BetMGM F1
First up on our list of the best F1 betting sites is BetMGM. BetMGM had a wide variety of markets for F1 races, as well as futures. All of the markets are available on the mobile app, which is incredibly easy to navigate. The app even has a live betting market tab, which gives F1 bettors a great way to place bets while the races are in progress. On top of all of that, the BetMGM welcome offer is quite exciting.
🎁 BetMGM Welcome Offer
The new-user promotion from BetMGM offers a guaranteed bankroll boost of $150 across three bet credits, making it one of the most significant incentives available. Featuring an automatic bump-up, you're guaranteed to obtain bonus bets over 30 times your initial stake, win or lose.
Simply join BetMGM here 👈🏼 using the BetMGM promo code FANNATION, deposit $10+ and wager $5+ on any F1 event to secure $150 in bonus bets.
Why You Should Bet With BetMGM
- Massive selection of betting markets
- Mobile app is easy to navigate
- Outstanding customer service
📍 What States is BetMGM Available In?
AZ, CO, IL, IN, IA, KS, LA, MA, MD, MI, NJ, OH, PA, TN, VA, WV, and WY
#2 Caesars F1
Caesars Sportsbook is next on the list of our best online F1 betting sites. Our experts raved about the odds boosts component of Caesars, which included odds boosts on F1. Many F1 sportsbooks offer odds boosts, but sometimes only on the most popular sports. At Caesars, F1 races feature frequent odds boosts that can allow bettors to earn a substantial payout. In addition to being great for F1 betting, Caesars also has a rewarding referral bonus available to existing customers.
🎁 Caesars Welcome Offer
The new-user promotion from Caesars stands out among the other F1 sportsbooks as offering the highest possible value. Upon entering our Caesars promo code FNEG1000, you become eligible to claim a bonus bet of up to $1,000. Once you 🌟 create an account, deposit a minimum of $10 into your account and place an initial wager ranging up to $1,000.
In the event that your initial bet does not win, a bonus bet equivalent to your initial wager's value will be credited to your account.
Why You Should Bet With Caesars
- Huge deposit bonus
- Large number of daily odds boosts
- Incredible rewards program
📍 What States is Caesars Available In?
AZ, CO, IA, IL, IN, LA, KS, MA, MD MI, NJ, NY, OH, TN, VA, WV or WY
#3 DraftKings F1
Given the popularity of DraftKings, it naturally finds its place within top F1 betting sites. Originally acclaimed as a Daily Fantasy Sports (DFS) company, DraftKings seamlessly evolved into a prominent sportsbook, further enhancing its popularity.
With so many years of experience in mobile app development, security of transactions and excellent customer support, making DraftKings your preferred Formula 1 sportsbook would be a wise decision.
🎁 DraftKings Welcome Offer
The DraftKings welcome offer is not the biggest of all of the F1 betting sites, but it does come with guarantees. By ➡️ clicking here to join ⬅️ depositing $5 and wagering $1-$1,000 on any market at DraftKings, you will automatically be protected by a bonus bet in a loss. On top of that, all customers receive SGP insurance for any build of 3+ legs.
Why You Should Bet With DraftKings
- Valuable referral bonus
- Same Game Parlays with odds boosts
- Wide variety of prop betting markets
📍 What States is DraftKings Available In?
AZ, CO, CT, IA, IL, IN, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WY (18+) or WV
#4 FanDuel F1
FanDuel is one of the best sites to bet on F1 because of its trusted reputation, wide variety of deposit methods and fast payouts. The odds for Formula 1 races are also extremely competitive when compared to other F1 betting sites, particularly in the futures market.
Once you place a bet using the easy-to-use mobile app, FanDuel’s live-streaming functionality can enhance your betting experience even more.
🎁 FanDuel Welcome Offer
FanDuel’s sign-up bonus gives all new customers a chance to earn $150 in bonus bets. Simply make an initial deposit of $10+ and $5+ bet on any betting market at FanDuel, and if you win, you will receive $150 in bonus bets. Become a NEW member of FanDuel 👥 to activate this deal now!
Why You Should Bet With FanDuel
- Fast payouts
- Many available deposit methods
- Live odds refresh rapidly within the mobile app
📍 What States is FanDuel Available In?
AZ, CO, CT, IA, IL, IN, KS, LA (permitted parishes only), MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, or WY
#5 BetRivers F1
Emerging onto the sports betting stage in 2019, BetRivers Sportsbook quickly captured the attention of bettors, thanks in large part to its enticing new-user promo. Over time, it has solidified its position as a top choice among our top F1 betting sites because of its great odds, a large selection of alternate lines, and a Cash-Out feature that allows you to settle your bet during the ongoing game or race.
🎁 BetRivers Welcome Offer
BetRivers offers an exciting welcome bonus to new users, delivering a Second Chance Bet that can reach up to $500 in value. This promotion provides you with an additional chance in the event that your initial bet does not win.
You can place a bet of up to $500 on any available market at BetRivers, and if your bet is unsuccessful, you'll be granted bonus bets equating to the sum of your losing bet. To unlock the Second Chance Bet, simply ✍🏼 sign up for a NEW account with BetRivers.
Why You Should Bet With BetRivers
- The Cash-out feature can lock in a profit while the bet is in progress
- Large selection of alternate lines
- Low-juice odds
📍 What States is BetRivers Available in?
AZ, CO, CT, IL, IA, LA, MD, OH, MI, NJ, NY, PA, VA, IN
📋 How We Rate F1 Sportsbooks
In our assessment of the best F1 betting sites, we used several grading factors, most notably the availability of Formula 1 markets. All the top F1 sportsbooks we are highlighting not only present an array of F1 betting markets but also encompass a diverse selection of such markets. While numerous sportsbooks excel in delivering exceptional betting experiences for mainstream sports, not all exhibit the same level of dedication towards specialized sports like F1.
Our findings reveal that all our top-rated F1 betting sites treat Formula 1 as a mainstream sport, showcasing pre-race odds, futures odds and even prop markets. Furthermore, we examined the live-betting options for F1 races and emerged thoroughly impressed with the performance of the sportsbooks featured in our article.
✍🏼 How to Sign up With an F1 Sportsbook Online
To make joining an F1 online betting site easy, we’ve created a guide for you to follow. Each F1 sportsbook has a distinct user interface, but in general, they all use a process similar to the one described below.
- Join an F1 sportsbook by clicking on any of the links in this article.
- Complete the registration process by entering your personal information.
- Generate a username and password for secure access to your account.
- Review the key terms and conditions to ensure that you remain eligible for the sportsbook’s welcome offer.
- Use any of the available deposit methods to fund your account.
- Place a bet on an F1 event and enjoy the race.
💻 Which F1 Betting Site Provides the Best Odds?
The F1 betting site that offers the most favorable odds varies based on the specific market you intend to bet on. For instance, a particular F1 sportsbook might feature the most competitive odds for a specific driver, whereas another could offer better prices for a different market.
It Would be a wise strategy to join multiple F1 sportsbooks to compare odds to lock in the best possible price. Rest assured, each of the F1 betting sites highlighted in our article represent excellent choices for Formula 1 betting.
⚖️ Are These F1 Sportsbooks Legal and Legit?
Yes, all of the F1 sportsbooks featured in this article are legal and legit sportsbooks. In fact, we would not recommend a sportsbook if we were not completely sure that it is legal and legitimate. As long as you are at least 21 years old and located in a state in which sports betting is legal, you are free to join any of the F1 betting sites.
❓ FAQs
❓ Can You Watch F1 Games on Online Betting Sites?
Yes, many of our top F1 betting sites offer the option to livestream select races. The live-streaming capability may not be available for every race, so consult your F1 sportsbook for the full list of available races.
❓ What is the Best F1 Betting Site?
The best sites to bet on F1 will depend on many factors, such as your bankroll and personal preferences. Use this guide to see which F1 sportsbook might be best for you.
❓ What Payment Methods Do F1 Betting Sites Accept?
Each F1 sportsbook discussed in this article accepts many different forms of payment methods, including credit cards, debit cards and PayPal. Check with your sportsbook for a full list of deposit and withdrawal methods.
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