F1 Betting Sites Ranked By Sportsbook Features

Are you looking for the best odds on Max Verstappen or Lewis Hamilton? Do you want to enhance your race day experience with some exciting and unique bets?

We have personally tested over 50 US sportsbooks and found the best F1 betting sites based on betting options, odds, live betting, bonuses, and more!

5 Best F1 Betting Sites June 2023

#1 FanDuel Sportsbook – Best F1 Betting Site!

✅Pros

• Competitive F1 odds
• Bet live on every F1 GP
• Massive welcome bonus
• Fast withdrawal

❌Cons

• No F1 specific bonuses
• Needs some more F1 prop bets

F1 Betting Markets

FanDuel has extensive F1 betting markets for every single F1 GP throughout the season. You can go from betting on the Australian GP to the Miami Grand Prix to the Monaco GP effortlessly. FanDuel has tons of F1 bet types, including race winner, driver’s championship, and podium finish. However, we would like to see a few more qualifying betting options.

F1 Live Betting

Do you want to see how the race unfolds before you hit that place bet button? Then FanDuel is the site for you! They have live betting markets for every F1 race, and you enjoy a range of bet types, including fun head-to-head wagers as well advanced FanDuel prop bets.

Payment Options

FanDuel deposits are processed instantly while withdrawals typically within 72 hours. They do not charge any fees and give you a range of secure payment options, including credit and debit cards, PayPal, Venmo, and online bank transfers.

F1 Bonus

Who doesn’t love free rolling? At FanDuel, you can bet up to $1000 on any F1 race, and if you win, you can cash out immediately, but if you lose, the site will credit your account with $1000 in bonus bets. You can use these FanDuel $1,000 bonus bets to make a range of F1 wagers, and they only come with a 1x wagering requirement!

Site Design + User Experience

FanDuel has a great blue and white designed F1 betting platform. The site is set up so you can quickly navigate different betting markets and make a bet in just a few seconds, which is ideal if you looking to start with live betting. The site is always super responsive, and the odds are updated in real-time!

#2 BetMGM – Just Pipped on the Final Bend!

✅Pros

• So many F1 betting markets
• Bet on F1 qualifying
• Great risk-free bet bonus
• Lots of deposit options

❌Cons

• Customer service not always responsive

F1 Betting Markets

BetMGM may have the most F1 betting markets of any online sportsbook we have tested. You can make tons of fun BetMGM prop bets, including fastest lap, top 6 finish, first driver to retire, and more. BetMGM also has extensive betting options for qualifying, which is something you don’t see at other US sportsbooks. Such a rich variety of betting options gives players a lot of room to turn a profit on BetMGM.

F1 Live Betting

At BetMGM, you have the flexibility to bet on all F1 races live. BetMGM also features a great in-game betting app, letting you quickly and easily make live bets while on the move. Virtually all their pre-race markets are available live, so you can analyze the cars’ and drivers’ performances before you decide to bet!

Payment Options

At BetMGM, you can use e-wallets, credit and debit cards, prepaid cards (like the BetMGM gift card), and bank transfers. BetMGM deposits are credited instantly, but sometimes BetMGM withdrawals can be a little slow to process.

F1 Bonus

Next time you are betting on F1, make sure you use BetMGM’s $1,000 risk-free bonus. If your bet loses, your stake will be returned in the form of new bets, so you can’t lose! This is a massive sportsbook bonus as other sites typically only offer risk-free bets up to a few hundred dollars.

Site Design + User Experience

BetMGM is a well-designed site. It features a white gold and brown theme, which isn’t for everyone, but the menus are well laid out, and it shouldn’t take long to find the F1 markets.

#3 DraftKings – Makes the Podium!

✅Pros

• Markets for all F1 races
• Exciting F1 prop bets
• Sleekly design site
• Superior F1 odds

❌Cons

• 25x wagering requirement for welcome bonus
• No F1 specific bonuses

F1 Betting Markets

DraftKings lets you bet on every F1 race, and you can make classic wagers, including race winner and a podium finish. However, this site doesn’t have as many prop bets as BetMGM or FanDuel. DraftKings also needs to add markets for qualifying, we missed the ability to bet on the pole winner.

F1 Live Betting

DraftKings has well-developed F1 live betting for all your favorite grand prix races, and the odds can swing violently. However, it would be great if they added some additional bet types.

Payment Options

DraftKings has a super low minimum deposit of just $5, and they accept credit and debit cards, prepaid cards, DraftKings gift cards, Venmo, Bank transfers, PayPal, and Play+ Prepaid. Deposits will hit your account right away, but withdrawals are a little on the slow side and can take up to 5 days.

F1 Bonus

Deposit at DraftKings and receive a 20% bonus up to $1000. For example, if you deposit $100, an additional $20 will be credited to your account. The DraftKings bonus funds come with a 25x wagering requirement. We would like to see a lower requirement and a higher match percentage, as 20% feels a little low!

Site Design + User Experience

DraftKings has a very nicely designed website. The F1 betting markets are also just one click away. Their online betting slip is also super easy to interact with, so no matter your tech savviness, you can effortlessly bet on the next Grand Prix.

#4 Caesars Sportsbook – Bet on Every F1 GP!

✅Pros

• Biggest welcome bonus
• Great odds for F1 events
• Easy-to-use site
• Cash out feature for F1 races

❌Cons

• Customer service is slow
• Complicated bonus terms and conditions

F1 Betting Markets

Caesars Sportsbook has solid markets, they offer great odds for all races, and you can make race winner, driver’s championship, and constructors championship wagers. If Caesars Sportsbook wants to take its F1 betting markets to the next level, then it needs to take a page out of BetMGM’s book and add more prop bets!

F1 Live Betting

It doesn’t matter if you want to bet on the Bahrain Grand Prix or the Las Vegas GP, Caesars Sportsbooks has live markets for every race throughout the year. Unfortunately, the bet types are a little limited.

Payment Options

Caesars Sportsbooks gives you tons of options to top up your account and cash out. You can use credit/debit cards, e-wallets, bank transfers, and even drop off cash at the casino cage. Deposits and withdrawals are free, and they process cash outs within 72 hours.

F1 Bonus

Caesars Sportsbooks has a massive bonus for F1. Make a risk-free bet up to $1250 and receive 100% of your stake back in bonus bets! The only downside is that the free bet is provided in a single credit and can’t be divided into multiple bets.

Site Design + User Experience

Caesar Sportsbook’s site is lightweight, ultra-quick, and mobile-optimized. Caesars Sportsbook also features a great F1 betting app if you prefer placing wagers from your smartphone or tablet. The mostly white theme is easy on the eyes, and the funny graphics of J.B Smoove will keep you entertained!

#5 PointsBet – Impressive F1 Live Betting Options!

✅Pros

• Bet on every F1 race
• Low minimum deposit
• Great customer support
• Cash out feature for F1 events

❌Cons

• Site is a little slow

F1 Betting Markets

PointsBet offers great odds on every F1 race throughout the season, making it easy to follow your favorite driver. You can make all kinds of bets, including race winner, podium finish, constructors championship, and even a driver’s championship wager without Max Verstappen.

F1 Live Betting

PointsBet consistently provides a great F1 live betting experience. They offer amazing odds and, if you time them correctly, can be very profitable. You can even bet on which driver will be the fastest during qualifying.

Payment Options

PointsBet accepts the following payment methods: ACH, credit/debit card, online banking, PointsBet prepaid card. PointsBet deposits are instant, and withdrawals take only 24 hours to process. Unfortunately, they don’t accept e-wallets.

F1 Bonus

If any of your first 5 bets worth up to $50 each lose, they will be 100% returned via bet credits. The total PointsBet bonus is worth up to $250. You get to cash out any money you win from your free bets, and you can use them on any F1 GP!

Site Design + User Experience

Some may find the dark-themed site a little too much, but we think it looks great. The red accents give it some pop, and you will never get lost, thanks to the intuitive menus. Heading to the F1 markets and placing your first bet takes under 1 minute! The only slight negative is sometimes the site is a little slow to load.

Compare the Best 10 F1 Betting Sites in the US

Need help finding the best US F1 betting site? We have compared the top 10, so you can instantly see how they stack up against each other!

F1 Betting Promo Codes

Boosting your F1 bets just got a whole lot easier thanks to the range of exclusive bonuses and promo codes up for grabs at the F1 online sportsbook. You can claim free bets, risk-free bets, bonus cash, deposit bonuses, and more! You can use the betting sites’ own money to gamble on your favorite drivers and quickly grow your bankroll. F1 bonuses are a great way to reduce your risk while at the same time increasing your payouts.

Here are the current 5 best F1 betting bonuses and how to claim them! You can use these bonuses for all GPs and all bet types, including race winner, fastest lap, and more!

Different F1 Sports Betting Bonuses Explained!

What exactly is the difference between a free bet and a risk-free wager? Keep reading to quickly get up to speed on the latest promo offers!

• Free Bet – A free bet lets you bet on an F1 race without risking your own cash. Free bets can have odd restrictions, event restrictions, and winnings often have a play-through requirement before you can cash out.
• Risk-Free Bet – With a risk-free bet, you get all or part of your stake returned if your bet loses. For example, if you bet $100 on Max Verstappen to win the Azerbaijan GP and he loses, $100 will be sent back to your account. The returned cash will often have a wagering requirement.
• Deposit Bonus – A deposit bonus is any promo deal you receive when you add funds to your account. You could receive bonus cash, free bets, or risk-free bets.
• No Deposit Bonus – This is any bonus deal you receive when you create an online sportsbook account. For example, when you sign up, you might receive a $5 bet on any F1 GP.

If you are wondering how sportsbooks can give away “free” cash, then you need to have a look at the terms and conditions section. Each bonus comes with specific rules, such as wagering requirements, betting odds restrictions, and expiration dates. These conditions reduce the amount that sites lose from bonus offers. Also, sportsbooks have crunched the numbers and determined that welcome bonuses attract enough new players and betting revenue to make them profitable.

F1 Betting Sites Rating Process: Aspects To Look For

To ensure we only recommend the best F1 betting sites in the US, we have created an extensive methodology where we test the key aspects of the sportsbook. Here are the aspects we pay special attention to:

Licensing

It doesn’t matter if a betting site has incredible F1 betting odds and mouth-watering bonuses – if they are not licensed, we can’t recommend it. This is because a sportsbook needs to be licensed in the US and operating within a state that has legalized online sports betting to offer its services to Americans.

Otherwise, they are an illegal organization, and you have very little recourse if the site confiscates your deposit or doesn’t process a withdrawal. Also, in some states, you may be breaking the law by betting with a non-licensed sportsbook.

Odds

To ensure you get the highest payout possible for your winning F1 bets, you need to find sites that offer enhanced odds or odds boosts. Odds can vary significantly between different sportsbooks, so it is always wise to check F1 markets on different betting sites to find the best deal.

F1 Betting Options

F1 is a major sport, so most sportsbooks will offer markets for all grand prix races. However, with certain sportsbooks, you are lucky to make a race winner wager, while other betting sites have 10 + betting options, including exciting prop bets. The more betting options, the more likely you are to find soft odds and profitable spots.

F1 Live Betting

With F1 live betting, you get to watch the race and then place wagers as the drama unfolds on the track. This not only makes watching a race more exciting, but it can also boost your win percentage. After watching a few laps, you can quickly identify the in-form drivers!

Sportsbook Bonuses

How do you quickly build a bankroll? Claim bonuses! When looking for a top F1 US sportsbook, make sure they offer deposit bonuses, free bets, cashback, and insurance. It’s a plus if they have specific promotions for F1 races! Before you claim any deal, closely read the terms and conditions. You don’t want to be stuck with a bonus with high wagering requirements and be restricted to high-odds bets.

Key Takeaway: All the US F1 betting sites we recommend shine based on the above criteria. They are all licensed, let you bet on every single F1 GP live, have more markets than you can handle, will boost your bankroll with odds, and always offer market-beating odds!

Best F1 Betting Sites Review Summary

Getting Started with F1 Betting Online

F1 betting online is as simple as creating an account, depositing, and placing a bet. The whole process is lightning-quick. Follow these steps to make your first F1 bet today!

Create an F1 Betting Account

1. Go to FanDuel (for example – the process doesn’t differ on the rest F1 betting sites listed)
2. Click Join Now
3. Create a username and password
4. Enter your first and last name, date of birth, address, last 4 digits of your Social Security number, and email
5. Agree to the site’s terms and conditions
6. Verify your account by clicking on the link sent to your email

Deposit

1. Sign into your FanDuel account
2. Tap on the account icon at the top of screen
3. Click Deposit under your account
4. Enter the amount you wish to deposit
5. Select the payment method
6. Enter your payment details
7. Confirm your deposit – The funds will show up instantly!

Place an F1 Bet

1. Log into your FanDuel account
2. Scroll down and click on Motorsport via the menu on the left-hand side of your screen
3. Click on F1
4. Choose a grand prix
5. Select your bet type
6. Enter your stake
7. Click green Place Bet button

Withdraw

1. Sign into your FanDuel account
2. Click on the account icon at the top of screen
3. Tap Withdraw
4. Select your payment method
5. Enter the amount you wish to cash out
6. Click Continue
7. Enter your payment details
8. Confirm your withdrawal – Depending on your withdrawal method, you should receive the money between 1 and 7 days.

F1 Betting Types

F1 betting does not have as many options as other sports, but our recommended sportsbooks still give you lots of exciting ways to bet on races.

F1 betting works the same way as other types of sports betting. You make a prediction about the outcome of a race or an event within the race, and if your prediction is correct, you win! The amount you win is based on the size of your bet and the odds the sportsbook provides. Here are the most common F1 bet types:

• Race Winner – You can’t get more beginner friendly than this bet. Simply predict which driver is going to win a particular race, and if you are right, you win! For example, you might bet on Charles Leclerc to win the Monaco GP.
• Pole Position – This is similar to a race winner wager, but instead, you need to correctly predict the winner of qualifying. If your favorite driver earns pole position, you can earn a fat payday!
• Podium Finish – In this bet, you win if your chosen drive finishes the GP in the top 3. It doesn’t matter if they come 1st, 2nd, or 3rd! For example, if you bet on Carlos Sainz Jr to make a podium finish at the 2023 Bahrain GP, you would have just lost as the Spanish driver finished 4th!
• Fastest Lap – Predict which driver will record the fastest lap throughout the entire race. It doesn’t matter if it happens on the first or last lap of the grand prix!
• Head-to-Head Betting – With this wager, you convert a race into a 1v1 battle. You can bet on Driver A or B, and if your driver finishes the race higher than the other driver, you win! For example, you could bet on Gary Russell to beat Lewis Hamilton in the next grand prix. It doesn’t matter where Russell finishes; as long as he beats Hamilton, your bet pays out.
• First Driver to Retire – You need to predict which driver will quit the race first. It can be for any reason, such as car difficulties or a nasty crash.
• Driver’s Championship – This bet is all about predicting which driver will win the whole F1 competition. For example, you could bet on Max Verstappen to lift the F1 trophy in 2023.
• Safety Car Period – This is a Yes/No bet where you need to guess whether a safety car will be used at any point during an F1 GP. Safety cars are typically deployed following a crash or bad weather.
• Winning Margin – You already know who is going to win the race? Then chase higher odds by predicting how many seconds the driver will win by.

F1 betting sites give you the freedom to bet on virtually every aspect of a race. With so many choices, you will always find wagers worth taking!

Best F1 Bets for Beginners

If you are just starting F1 betting, don’t get too fancy. Stick to simple bets that still give you a great chance to win. We recommend these F1 bet types:

• Race Winner – You can’t get more beginner friendly than this bet. You have probably made this wager with your buddies, even if the stakes were a beer! With a race winner wager, stick to the heavy favorites and avoid wasting money on fairytale underdogs, their cars aren’t fast enough!
• Pole Position – Can’t wait for race day? Then bet on qualifying with this fun wager. Remember that the big car makers like Ferrari, Mercedes, and Red Bull dominate qualifying.
• Podium Finish – This type of F1 bet is great if you want to reduce your risk. Even if a heavy pre-race favorite has a bad day, they are unlikely to drop out of the top 3. A great way to increase your win percentage is to bet on the pole position driver to make the top 3. However, note this bet offers lower odds than a race-winner wager.

Betting Options for F1 Experts

As you quickly become an expert on F1 betting (our article will get you halfway there), you can start experimenting with more exotic and complex bets, as well as start utilizing betting systems. Here are some F1 bets which are great for betting experts:

• Driver’s Championship – This bet is essentially a combination of race-winner wagers. You need to predict how a driver will perform over the entire season rather than just individual races. Every F1 season, realistically there are only 3 to 4 drivers that could win the championship, so avoid underdogs like the plague!
• Fastest Lap – This bet can be a bit tricky because it isn’t always the race winner who records the fastest lap. Sometimes a driver in the middle of the pack will have the lap of his life or slam on the accelerator trying to overtake a rival.
• Winning Margin – This bet is best left to the experts because you not only have to predict the winning driver but their winning margin, which decreases your win percentage. To improve your odds, you need to look at historical races and see how many seconds your selected driver usually wins by.

F1 Live Betting

Keep betting right up until the final lap, thanks to F1 live betting! Here are some wager types best suited for F1 live betting:

• Head-to-Head Betting – Spend a few laps closely watching two drivers, identify which of the drivers is in form, and then bet on them to beat their rival! This bet is extremely exciting and profitable if you can successfully predict a driver in, for example, 3rd position to leapfrog the race leader!
• First Driver to Retire – Do you notice something wrong with a driver’s car? Is that smoke coming out of their engine? Quickly lock in your first driver to retire bet!
• Safety Car Period – Are drivers being reckless around that bend? Has the weather changed for the worse? Then it is likely a safety car will enter the race. By watching the race live before making this bet, you can increase your odds of winning.

Importance of Finding the Right F1 Betting Site

Are you tired of terrible F1 odds? Do you want more betting options and better bonuses? Then it is time to find an F1 betting site that actually cares about motorsport.

The F1 betting markets are booming at FanDuel! Bet on every race throughout the season, including the legendary Monaco GP, and take advantage of super generous odds. FanDuel has the most extensive F1 live betting markets we have come across, and with tons of exciting prop bets, every race becomes a must-watch event! Make your first F1 bet at FanDuel right now and claim their exclusive no sweat welcome bet bonus of up to $1000!

Any of the other top five betting sites for Formula 1 betting are up there with FanDuel, so it doesn’t hurt getting some extra free bet bonuses.

FAQ’s