Best F1 Betting Sites and Apps in July 2024

Top F1 sportsbook promos

Editor’s Note: Bonuses are exclusively available to U.S. residents. These offers are current but may be subject to change.

The top F1 sportsbooks are offering generous bonuses to attract new customers. This is not a scam, but rather a competitive strategy to stay ahead of the game. Take advantage of this fierce competition by signing up with multiple betting sites to capitalize on the best sportsbook promotions for your F1 predictions.

Utilizing various F1 betting platforms allows for line shopping, an important strategy for successful betting. By having multiple accounts, you can choose the sportsbook that provides the most favorable odds for your race day selections. This method increases your chances of maximizing profits when you make winning bets.

Why FanDuel is the best F1 betting site 🔵

Not many sportsbooks offer the opportunity to bet just $5 and potentially win $200 in bonus bets. These “bet & win” promotions are becoming increasingly popular. In the case of FanDuel, you are required to win your initial bet to receive the bonus.

The return on investment for these deals is significant, with FanDuel leading the pack. If you choose to bet on Max Verstappen winning the next Grand Prix, it’s almost a sure thing given his current performance. When he wins, you will not only receive your winnings but also a substantial bonus.

With bonus bucks in hand, you can now try out new props risk-free at FanDuel. From predicting the fastest qualifier to guessing the starting grid position of the winner, the possibilities are endless. Plus, with low 1x playthrough requirements, any profits you earn from bonus bets are yours to enjoy.

FanDuel’s introductory promotion may seem small compared to the large offers from other books, but it actually offers more value. It is a great bonus for beginners in F1 betting to try out the platform without needing to make a big deposit or risk a large first bet. Unlike other sportsbooks that require larger deposits or significant losses to take full advantage of their offers, FanDuel allows you to split the bonus bets however you prefer, giving you the flexibility to make 150 different $1 bets if you choose.

FanDuel provides more than just an attractive welcome bonus and a diverse range of props. Their research hub is a valuable resource filled with comprehensive information on upcoming races. Expert analysts thoroughly examine various aspects, including driver and team performances and potential weather impacts. They also delve into often overlooked details, making access to this level of knowledge a game-changer when placing informed bets.

FanDuel offers an impressive F1 live betting platform where you can join the action as soon as the race begins, taking advantage of every change in momentum and thrilling overtaking move in real-time.

A FanDuel promo code is not required to access this offer as it will be automatically applied to eligible bettors.

If you want to learn more about the platform, check out our comprehensive FanDuel review for all the details on their performance.

DraftKings F1 betting site 👑

DraftKings and FanDuel are in a tight competition in all aspects, creating a rivalry similar to Ferrari vs. Red Bull. DraftKings excels in F1 betting markets, providing not only standard bets but also unique props such as predicting the number of finishers, the likelihood of a safety car appearance, or the margin of victory being over or under five or ten seconds.

New users at DraftKings can receive a welcome bonus of bet $5 and get $150 in bonus bets on their first qualifying wager of $5 or more. No promo code is needed to take advantage of this offer.

The promotion will end on August 18, 2024. Participants will receive six (6) $25 bonus bets. A minimum deposit of $5 and first wager are required.

Make sure to check out our comprehensive DraftKings review for more information.

bet365 F1 betting site 🟢

While bet365 may not be accessible in as many states as some of the larger competitors, it still excels in other areas. The platform offers competitive odds, a user-friendly mobile app, and a welcome bonus of $150 in guaranteed bonus bets with a first wager of $5 or more when using the bet365 bonus code SBRBONUS. Alternatively, users can opt for the up to $1,000 first bet safety net offer. It’s important to note that only one offer can be used per account.

To learn more about another great option for Formula One betting, check out our review of bet365.

BetMGM F1 betting site🦁

BetMGM, a renowned brand in Las Vegas, is surely excited about the new addition of the Las Vegas Grand Prix to the F1 race schedule. The hometown race is bound to spark betting interest among fans. Even if you’re not attending in person, you can still bet on F1 using BetMGM’s top-notch mobile app, available in over 20 legal states.

Sign up with BetMGM using the bonus code SBRBONUS to take advantage of the best welcome bonus in online sports betting. New customers can receive up to $1,500 in first-bet insurance. If your first bet loses, BetMGM will refund it in bonus bets, up to the $1,500 limit.

Our comprehensive review of BetMGM includes all the information you need to know about this top five Formula One betting site.

Caesars F1 betting site 🏛

Finally, on our list is Caesars Underscoreg, a legacy Vegas brand that has successfully expanded into nearly two dozen other states thanks to legalized sports betting. Their online sportsbook is known for offering competitive odds, a diverse selection of betting markets, and generous bonuses.

By using the promo code SBRBONUS1000, new customers at Caesars can receive up to $1,000 in bonus bets. Simply create an account, make a deposit, and place a real money wager. If your initial bet loses, Caesars will give you a bonus bet of the same value, up to $1,000.

Our review of Caesars provides additional information on this excellent F1 betting site.

Other top F1 betting sites and apps

BetRivers ⚡

BetRivers is a great option for Formula One bettors, offering a wide range of F1 betting markets that are on par with our top five sportsbooks. However, improvements to their mobile app and desktop site design are needed to enhance the overall user experience.

Introducing our Welcome Bonus: Get a second chance bet worth up to $500 with the BetRivers bonus code: SBRBONUS. Read our BetRivers Review now!

Betway

Betway offers a wide range of motorsports betting options, including Formula 1. You can bet on all major Grand Prix events, as well as qualifying rounds and unique futures bets. One of the great things about F1 betting on Betway is that lines and odds are posted early, allowing bettors to take advantage of attractive odds before they change.

Introducing our welcome bonus offer: Get a second chance bet of up to $250, no Betway promo code required. Read our Betway Review for more details.

Fanatics

Although Fanatics includes Formula One on its list of available sports, it appears to prioritize other betting markets such as NFL and NBA over it. The platform tends to lean heavily towards popular North American markets. However, you can still find a standard lineup of betting options for every F1 event on Fanatics.

Introducing our welcome bonus: Get up to $1,000 in bonus bets with no need for a promo code at Fanatics sportsbook. Read our Fanatics Review for more details.

ESPN BET

ESPN BET was officially launched on November 14, 2023. The new app stands out as one of the more well-designed betting sites we have reviewed, featuring a clean layout and a truly user-friendly interface.

Navigating from page to page is quick and easy, making it a breeze to find and browse through the wide variety of F1 bets offered by ESPN BET. They provide a robust selection of racing bets including options for race winners, fastest lap, podium finishes, and driver matchup bets.

New offer: Earn up to $1,500 in bonuses with ESPN BET promo code | Read our ESPN BET Review

F1 betting sites quick facts

If you’re looking to place bets on Formula 1, you’re in the perfect spot. Our team of dedicated Formula 1 enthusiasts has found the top sports betting websites that prioritize the sport. These sites offer a wide range of F1 betting options, including special promotions, competitive odds, and a variety of bets on drivers, teams, and race specifics. Once you’ve found your preferred betting platform, we’ll provide you with tips to increase your chances of winning.

How we rate and review F1 betting sites

Discovering a leading sportsbook can be an exciting journey, especially with the level playing field among top contenders. Searching for the ultimate F1 betting site presents a unique challenge due to its niche market compared to more mainstream sports like the NFL. Evaluating new factors and adopting a fresh perspective is key. Let us guide you in the right direction (pun intended) and reveal how we identified the top F1 betting experts.

Depth of F1 market coverage

The top F1 betting sites offer more than just picking the winner. They feature a variety of prop bets, including podium finishes, fastest laps, and unique bets such as win-race-and-fastest-lap combos. FanDuel stands out as a standout choice, providing a wide range of options that allow bettors to make the most of their knowledge of the sport.

Live betting

In Formula 1 live betting, speed is key – not only in terms of the cars on the track, but also in updating odds as the race progresses. We appreciate live betting platforms that keep odds up-to-date and avoid extended lockouts on betting options. Sites that offer live streaming without requiring an active bet or deposit earn bonus points for allowing fans to closely follow the action.

Quality of F1-specific promotions and bonuses

Bookmakers that consistently provide odds boosts and promotions tailored specifically for Formula One demonstrate their dedication to F1 enthusiasts. Leading platforms such as Caesars and bet365, known for offering such perks for niche sports like F1, are the go-to options for added value. It is worth noting that the top sports betting apps all feature odds boosts for Formula 1, a notable advantage considering that some bookmakers tend to prioritize promos for major North American sports.

Expert insights and analysis

Possessing insider information can make a significant difference. This is why platforms such as FanDuel, offering detailed race breakdowns, and DraftKings, with their Stats Hub section, stand out for providing bettors with a knowledgeable advantage.

Cool betting features

Enhance your F1 betting experience with convenient features like Early Cash-Out, allowing you to secure profits or minimize losses before the race concludes.

Creating an F1 parlay is quick and easy with the parlay builders available at BetRivers and DraftKings. BetMGM’s Edit My Bet feature allows you to adjust live bets, such as changing the stake on a Hamilton-win pick if you change your mind.

Competitive odds and payouts

In a sport where margins can be slim, it is crucial to have competitive odds and quick payouts. We carefully evaluate the odds compared to the market and the speed at which payouts are processed, so that bettors receive the most value and timely rewards for their accurate predictions.

How to bet on F1 races

Getting started with F1 betting is easy, but finding the right sportsbook can be a challenge. Once you’ve found the perfect one, the process of getting started is simple. Here is a straightforward guide to help you begin your F1 betting journey.

1. Pick a sportsbook

To get started, search for an F1 sportsbook that interests you. Follow our selection guidelines to find a sportsbook that focuses on F1. Alternatively, choose one that has already been approved as a top choice by our team for a faster option.

2. Register

To access the site, simply click on the links provided above. Once there, select your state and fill out the registration form, which will require you to provide basic information such as your name, address, and the last four digits of your Social Security Number.

3. Deposit

It’s now time to make your initial deposit. If there is a promo code needed, don’t fret, we will provide it here. Simply copy and paste it in the required field. All current bonuses necessitate an initial deposit of real money.

You will have a variety of payment options to choose from, and the deposit process is simple. Usually, a minimum deposit of $10 is needed.

4. Make your first bet

The F1 category is typically found within motorsports, so it may not have its own separate section. However, many books provide a search function that allows you to easily find the specific race or type of bet you are looking for.

Make sure to familiarize yourself with the sportsbook’s house rules for F1 racing, especially regarding unique policies such as safety car appearances. Keep in mind that combining multiple F1 markets on one slip may not be allowed, as same-game parlays for F1 are usually not offered at sportsbooks.

Choose your selection, input your wager, and finalize your bet to confirm it.

5. Claim the bonus

After placing your initial bet, you could qualify to receive a bonus. The specific bonus, such as guaranteed bonus bets or a first-bet insurance rebate, will depend on the sportsbook and type of bonus offered.

Certain bonuses may be linked to the amount of your initial bet or deposit, so it is important to always gamble within your financial limits.

6. Withdraw 

To withdraw your F1 betting winnings, go to the ‘Withdrawal’ section of your sportsbook. You can choose from popular methods such as ACH, bank transfer, PayPal, or Play+. If your sportsbook has a physical location in your state, you can also withdraw in person, which is ideal for larger amounts. Online payouts usually take between two to seven days to process.

Betting on F1 Grand Prix races

The 2023 F1 season consisted of a total of 23 races, kicking off with the Bahrain Grand Prix on March 5, 2023, and wrapping up with the final race in Abu Dhabi on November 26, 2023. In a dominating performance, Max Verstappen emerged victorious in nearly every race, securing his third consecutive World Drivers’ Championship title.

The 2024 F1 season kicked off on March 2, 2024, in Bahrain, where Max Verstappen secured another Grand Prix victory. Take a glance at the full calendar. Will anyone be able to prevent Max Verstappen and Red Bull from dominating the 2024 championships?

F1 betting tips and strategies

Betting on F1 races requires a strategic and analytical mindset to increase your chances of success. Consider these key strategies and tips to improve your betting outcomes.

• Pole position’s hidden trap: It’s tempting to bank on the pole sitter, but as history has shown, this spot often doesn’t lead to victory lane. Track conditions and race dynamics can turn this bet upside down.
• First to start isn’t always first at the finish: Just because a driver starts the race in front doesn’t mean they’ll finish there. F1 is full of twists and turns, with strategy and sheer luck often reshaping the leaderboard. Be wary of live betting on the race leader after a few laps.
• Spread your bets: Betting on just one driver is risky. Spread your bets to cover different drivers and outcomes, adapting to each race’s unique dynamics.
• Know your circuits and teams: Each track is different, and teams and drivers perform differently on each. Understanding these nuances and historical patterns is crucial to informed betting.
• Team dynamics count: F1 is a team sport, and the synergy between the lead and support drivers (not to mention the pit crew) can make or break a race.
• Qualifying isn’t the whole story: A great qualifying performance doesn’t always mean race-day success. Weather, track conditions, and race day strategies can flip the script quickly.
• Odds with real value: Look for odds that reflect the risk-reward balance. It’s about finding the sweet spot where the potential payout justifies the risk. In other words, betting on Verstappen to win is easy but doesn’t offer much profit.