Best F1 Betting Apps 2022 – Top F1 Sportsbooks

Author:

Mike F

Updated:

Nov 30, 2022

Huge casino fan who loves the occasional sports wager. You can usually find me at the blackjack table or playing slots.

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Predominantly a European sport and one struggling to gain traction abroad, Formula One racing has exploded in popularity around the US in recent years, thanks in part to the Netflix series Drive to Survive, a partnership with ESPN, and the dominance of drivers Lewis Hamilton and Max Verstappen.

Watching the two compete at speeds eclipsing 200mph has become appointment viewing. Lewis Hamilton has come out ahead in six of the last eight years, but Max Verstappen is on his way to a second straight F1 title thanks to six wins in 11 races halfway through the 2022 season. Charles Leclerc is also having a big year, sitting second in points with five podium finishes, including three wins.

With a record 23 Grand Prix races planned for the F1 Driver’s Championship 2022, there are more races to wager on than ever.

To get you started, we’ve compiled a comprehensive list of the best online apps to bet F1 with, based on odds, market depth, navigation, unique features, welcome bonuses, and overall reach.

5 Best Apps for Betting on F1 December 2022

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More than half the country has made a move to legalize sports betting, including 20 states clearing the way for wagering on mobile betting apps (residents in Nevada will need to sign-up in person first). All legal F1 betting sites in the US are licensed by the local gaming commission in each state.

Already transacting in many states as daily fantasy sports providers, DraftKings and FanDuel’s extensive user base’s familiarity with the brands give them an advantage over the other betting apps when it comes to attracting customers.

Name recognition has also helped retail sportsbooks like BetMGM and Caesars remain relevant. With a well-established entertainment network, Barstool does marketing a bit differently, but its betting markets, enhanced odds, and recurring promotions are on par with the other best-betting sites. Our editor’s picks for F1 betting include:

#1 FanDuel Sportsbook

The best F1 betting app is available in 15 states and offers 17 sports to pick from, including motorsports, where F1 can be found. Along with the best odds on four of the six top projected F1 winners, FanDuel sportsbook features a clean and intuitive layout, with more ways to combine wagers and event-focused free pick’em contests for cash prizes.

To get to the F1 section on a mobile device, bettors need to click the all sports tab at the bottom of the screen, scroll down to the sports listing, and select motorsports. F1 will be the third option listed at the top of the new page. If it’s a race weekend, F1 will be listed at the top of the homepage in two spots.

To welcome new users, FanDuel offers a risk-free first bet up to $1,000 refunded in free bet credits within 72 hours if the wager falls flat. Free bets don’t have to be used in a single wager, but any unused credits will expire after 14 days. New users must deposit at least $10. Stakes using the initial bonus amount are not returned in the payout.

Owned by global gambling giant Flutter Entertainment, FanDuel is able to offer plenty of ongoing promo opportunities for bettors to earn risk-free bets, including parlay insurance.

FanDuel F1 Sportsbook

#2 Barstool Sportsbook

Available in 12 states, the Barstool sportsbook offers 22 sports, including eSports betting and TV/Novelty. The F1 section is separate from the rest of motorsports and recently featured the best or second best odds on the top six drivers expected to finish first in the next race, including the favorite.

Owned by Penn National Gaming, Barstool might not be the best-looking F1 betting site, but it has all the same features as the competition and is one of the first F1 betting apps to post any prop bets, including matchups and podium finishes for the next race.

To find F1 on the Barstool app, bettors can either scroll the sports listing towards the top or select the A-Z sports tab at the bottom of the screen. Barstool sportsbook has the same F1 betting odds as BetRivers and similar early posting of prop bets but gets the nod over the thanks to being available in more states and a little extra on the welcome bonus.

Barstool is offering a double-whammy of a welcome bonus to win over new users. Along with giving away $10 in bonus cash, new bettors will receive a risk-free first bet up to $1,000 refunded in free bets if the initial wager doesn’t win money. Bonus cash is subject to a one-time playthrough and requires qualifying bets to have betting odds of -200 or longer (e.g., -110, +100, +200). Bettors will have 30 days from the time they begin using their free bets until they expire.

Barstool F1 Sportsbook

#3 BetMGM Sportsbook

Part of MGM resorts and casino conglomerate that has been in business for more than 35 years, the BetMGM betting app is available in 16 states and offers 28 sports to choose from, tied for the most of any of the online sportsbooks. A slight technicality with the racing section split between F1 and NASCAR betting.

BetMGM offers the best or second best odds on four of the top six racers listed, tied with DraftKings for the biggest payout on the projected second most likely to win outright. To find F1 on the betting app, users can either scroll sideways through the sports listing at the top of the homepage or by selecting the A-Z Menu tab at the bottom of the screen. The first or last options being the fastest.

The F1 betting site features a parlay generator, the ability to edit an already in-play wager, and reward points that can be redeemed at MGM locations. The edit my bet option is an interesting new wrinkle not available on other F1 betting apps.

Bettors can adjust already placed wagers by adding, removing, or swapping selections, as well as adding additional stakes, as long as the live betting cash-out option is available. This means that even if selections within the parlay betting app have already been settled, the edit feature can still be used. If cash-out is temporarily unavailable, so shall the ability to edit a wager. Be sure to act fast. Live betting odds tend to change regularly.

To attract new users, BetMGM is offering a risk-free first bet up to $1,000 refunded in free bet credits to any account that deposits at least $10. Be sure to use the BetMGM promo code GAMBLEUSA when getting started. A single bet credit will be issued unless the wager is over $50. Then users will receive five free bets in 20% increments. New users have seven days to play through their free bets.

BetMGM F1 Betting App

#4 DraftKings Sportsbook

The DraftKings sportsbook can be found in 17 states and offers 28 sports, the most of any F1 betting site, including niche competitions including cornhole, darts, and table tennis.

To get to the F1 lines using the DraftKings betting app, bettors will first need to find the motorsports section by either scrolling the list of sports towards the bottom of the page or selecting the All Sports tab at the bottom of the screen.

Despite a busy homepage with a bunch of non-sports betting-related links, DraftKings does have generous odds, extensive F1 betting options, and a helpful preview and stats section for most major sporting events.

The preview portion includes stats, write-ups, betting trends, and the success of certain prop bets, which can be broken down in various ways to zoom in or out. These options include listings like the last five or ten contests, the entire season, or head-to-head. It’s seriously worth checking out whether using the F1 betting site or not.

DraftKings occasionally offers a risk-free first bet up to $1,000 refunded in a free bet credit valid for seven days. The F1 betting site’s standard offering is a 20 percent deposit bonus of up to $1,000 in free bets, released at $1 for every $25 wagered.

DraftKings F1 Sportsbook

#5 Caesars Sportsbook

With 26 years of experience and more than 50 gambling and entertainment properties across the US, Caesars sportsbook has quickly closed the gap on DraftKings and FanDuel.

The Caesars betting app is available in 13 states and offers 19 sports to wager on, including F1, which can be located in the auto section. To get there, bettors can either go through the icons at the top, scroll down the homepage, or select the All Sports tab at the bottom of the screen.

Along with competitive odds, especially lower down the list of participants, Caesars features plenty of additional profit boosts and a favorites section to act as a shortcut for finding your favorite sports faster.

The Caesars’ desktop site does suffer from too much white space; the mobile version is much easier on the eyes. The F1 betting app starts in dark mode as its default setting. On the browser, users have to adjust it manually in the appearance settings.

To entice new bettors, Caesars has upped the welcome bonus and is now offering a first bet on Caesars up to $1,250, plus 1,000 Reward Credits® & 1,000 Tier Credits. The free bet must be used within 14 days. Use Caesars promo code GUSAFULL when creating an account.

Caesars F1 Sportsbook

F1 Betting Apps Rating Process

All the top F1 betting apps are safe, fast, reliable, and highly rated in their respective app stores with 4.4/5 stars or better. Barstool does have a 3.2 rating on Google Play, primarily due to user errors and mobile device malfunction, but a 4.8 in the Apple app store.

Along with the use of encrypted technology to ensure sensitive information is secure, the sites mentioned above feature various instant deposit methods, including bank transfers, credit/debit cards, and PayPal. Some have even begun accepting Apple Pay or Venmo.

Before signing up, depositing, claiming any bonuses, F1 betting online, or sending out a referral link, be sure to read the fine print. Terms and conditions vary from book to book and wager to wager. There may be criteria that must be met to place qualifying bets. Not all recurring promos will have the same requirements. Some bet types may be excluded.

For any questions or concerns, all the best sports betting sites have worthwhile FAQ sections, a live chat option for clearing up minor issues, and an email address for getting help with more complicated matters.

If your recent F1 betting activity has brought out the safety car, some measures can be put in place, including limits on the number of wagers or time online. Bettors can even lock their accounts for some time. Responsible gaming resources, including an easy-to-find phone number, are available to those that suspect they or someone they know has a gambling problem. Other factors that we considered while rating the best F1 betting sites include the following.

Betting Odds

All the other bells and whistles are nice, but the only thing for sure to help build your bankroll is earning more when you win and giving away less when you lose. Be sure to shop F1 odds with multiple online bookmakers, including Barstool, before making a bet.

Market Depth

While many of the top mobile betting apps feature similar market offerings, some release additional lines earlier than others, giving bettors the jump on dissecting the early odds and deciding their wagers for the weekend before the public weighs in. If you’re looking for more ways to wager, start with DraftKings or FanDuel.

Navigation

There is only so much that can be done to fit all the features from online and have the mobile version mirror the browser. Still, there are some noticeable differences in presentation and ease of use with mobile betting apps like BetMGM and FanDuel. The easier to read and less clicking around, the better.

Unique Features

All of the top F1 betting apps will come equipped with industry-standard features, including live betting, a cash-out early option, and the ability to create same game parlays. Extras like DraftKings’ preview section or BetMGM in-play betting editor make betting sites stand out.

Bonuses

All the best F1 betting apps give bettors a chance to start hot or try multiple sports betting apps with little to no risk, thanks to a first bet refund. The biggest of the bunch is Caesar’s $1,500 back if a wager settles as a loss. Enhanced odds bet boosts and qualifying bet insurance opportunities also make a big difference over time.

F1 betting apps features

Getting Started with F1 Betting

From downloading to depositing, getting started betting on F1 will only take a few minutes. Once you’ve decided which gambling site suits your F1 betting preferences, search it out in either the iOS or Android app store. Follow the installation instructions. Each time you log in, a geolocation check will be performed to verify you are in a legal state.

The personal information you’ll need to create an account includes your name, date of birth, address, phone number, email, and the first four of your SSN. Additional verification steps may include providing photos of the back and front of your ID, a selfie, or email confirmation.

F1 Betting Types

F1 betting markets feature fewer overall bet types than most other sports. Still, there are various ways to bet on the big race, including the moneyline, driver matchups, prop bets, and season futures. All of which are simple to understand and straightforward to place.

F1 futures betting

Moneyline

Consisting of betting on the outright race winner, wagering on the moneyline is one of the most common bet types. In F1 racing, making the podium or finishing in the top six are also available. Moving the odds on the favorites from plus-money to well into the juice comes with a reduced payout but less risk. They can’t be combined into a parlay.

Matchups

F1 betting apps give bettors the chance to wager on driver vs. driver matchups, which help keep things exciting and encourage more bets on drivers that don’t get much action. Matchups aim to keep the lines as even as possible, usually ranging from -250 to +200 for either side.

Prop Bets

Prop bets include the margin of victory, which can be broken down by the difference in finishes between first and second, under/over on a particular number, or by grouping under this/between these/over that. Other prop betting options include wagering on the fastest lap (by any driver during the race), the winning racer’s nationality, and will the safety car make an appearance (hopefully not, but it does happen regularly).

For bettors looking for the first crack at a few traditional prop bets, check out the BetMGM props section, Barstool, or BetRivers mobile app. The only other major F1 betting app offering additional wagers a week out from the next race is DraftKings. Along with multi-race options (same driver to win the next two races, or split between two), DraftKings has lines on the number of finishers and fastest pitstop.

Another popular prop bet is wagering on the constructor, or race team, to win the race. These bets do correlate with the driver odds. Red Bull and Ferrari are the only two teams to win races this season. Winner of the last eight seasons, Mercedes is the only other team with more than one podium this season.

Futures

Similar to the money line, futures markets allow bettors to place season-long bets on the drivers’ championship and constructors’ championship. Remember, futures market stakes will stay tied up until the end of the season.

F1 Betting Apps with Free Bets

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There may be new user promos closer to race day, but for the most part, betting apps don’t offer F1-specific bonuses. That doesn’t mean the bet insurance and deposit bonuses can’t be used to stack cash for crushing F1 betting. Using multiple F1 betting apps is a good idea for line shopping and claiming welcome bonuses.

Risk-free bets are the most common for new players, with a few F1 betting apps offering deposit match bonuses and free bets no deposit. Odds boost and referral bonuses are universally available during the season. Free bets are also handed out to regular bettors, so keep an eye on your email and account inbox for notifications.

F1 Events and Tournaments to Bet On

F1 Driver’s Championship 2022 season ended this November. We will publish the full calendar for the 2023 races early in January so you can get your future bets down. Races are held on most Sundays, with practice and qualifying taking place in the two days leading up to the race.

Below we will post the list of completed and upcoming races in 2023 F1 World Championship Race Calendar.

F1 Betting Strategy & Tips

One of the significant advantages F1 bettors have over other types of bettors is the chance to watch two days of practice and qualifying before race day to gather information. Take note of how specific drivers handle particular straightaway or turn-heavy tracks or how good teams are at making overnight adjustments. Also, be mindful of any weather changes.

With the current concentration of wins at the top of the standings in F1 racing, there doesn’t feel like there is as much uncertainty as with projecting other sports outcomes. Still, it’s not easy to win a race, and because of that, most, if not all, racers usually have plus-money odds. This gives bettors the ability to spread their money around and still turn a profit, as long as one of the drivers wins.

In the most recent upcoming race, the French Grand Prix, for example, the odds for Max Verstappen and Charles Leclerc are in the low to mid +100s, while the rest of the field, including Lewis Hamilton, is sitting at about +1000 or higher. If you put $100 on either of the favorites, and one were to win, you’d come out ahead.

Verstappen (+125)      $100 = $125 – $100    (+$25)

Leclerc (+165)             $100 = $165 – $100    (+$60)

Do tread lightly as the tide may be turning for the field in the drivers’ championship. The only other drivers to win F1 grand prix races this season have done so in two of the last five weeks. Lewis Hamilton has placed third in the last three races after his only other podium in round one. Max Verstappen has only missed the podium twice in 11 rounds.

Real Money F1 Betting Apps FAQs

Is F1 betting legal in the US?

F1 betting is legal in the US, but not all the states that have passed sports betting legislation, are sold on mobile betting. Legal F1 betting apps are available to residents in Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, Nevada, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Rhode Island, Tennessee, Virginia, West Virginia, and Wyoming.

Which is the best betting app for F1?

FanDuel is the best betting app for F1 based on its stylish layout, the best odds on the majority of the top six projected F1 finishers, and recurring bet insurance on parlays that meet specific requirements.

How much is the minimum I can bet on F1?

While the bet minimum is less than $1, most F1 betting apps’ welcome bonuses will require new users to deposit at least $10 to take advantage of any advertised free bets.

What is the best offer for F1 betting?

The best offer for F1 bettors looking to max bet a welcome bonus is at Caesars with their $1,500 risk-free first bet. That’s fifty percent more free bets than the competition. The credit does come as a single wager and expires in 14 days.