Hailing from New Orleans, Lisa Spencer brings together math expertise and gambling know-how as Betting.us' editor. With a Master's degree in Applied Mathematics, she excels in game theory. Using statistical models and game theory, she develops and publishes betting strategies for Betting.us. Outside work, Lisa surfs the web for betting insights and does sports.
Best Formula 1 Betting Sites 2024
By Lisa Spencer
Senior Editor at Betting.us
Updated: February 6, 2024
The Best Online Formula 1 Betting Sites in the USA for 2024
New sportsbooks are rated and reviewed regularly by our team of experts and long time sports bettors, with a wide range of options available on the market. To help you find the right choice for your needs, we’ve analyzed each brand on the market, compared their features and performance, tested each product thoroughly, and put together a rankings of the best F1 sportsbooks.
| Formula 1 Sportsbook | Welcome Bonus | Bonus Code | Best Features | Site Rating | Secure Link | Legal In | Terms |
|---|---|---|---|---|---|---|---|
| BetMGM | Up to $1500 Back In Bonus Bets | Not Needed | Best USA Sportsbook | ★ out of 5 | BET NOW! | AZ, CO, DC, IL, IN, IA, KS, LA, MI, MS, NV, NJ, NY, OH, OR, PA, TN, VA, WA, WV, WY | Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply. |
| DraftKings | Up to $1000 On First Deposit | Not Needed | Superb Promotions | ★ out of 5 | BET NOW! | AZ, CO, CT, IL, IN, IA, KS, LA, MI, NH, NJ, NY, OR, PA, TN, VA, WV, WY | Valid only for new VA players over 21 years of age. Full T&Cs apply. |
| BetRivers | Up to $500 Free Bet | SPORTS | Fair F1 Odds | ★ out of 5 | BET NOW! | AZ, CO, IL, IN, IA, LA, MI, NJ, NY, OH, PA, VA, WA | Valid only for new PA players over 21 years of age. Full T&Cs apply. |
| Caesars Sportsbook | Up to $1000 First Bet on Caesars | IGAMING1000 | Top Bonus Offer | ★ out of 5 | BET NOW! | AZ, CO, IL, IN, IA, LA, MI, NV, NJ, NY, PA, RI, TN, VA, WV, WY | Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply. |
| bet365 | Bet $5 & Get $150 In Bonus Bets | Not Needed | Impressive Market Selection | ★ out of 5 | BET NOW! | CO, NJ | Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply. |
| Betway | Bet $25, Get $150 In Bonus Bets | Not Needed | Best Formula 1 App | ★ out of 5 | BET NOW! | AZ, CO, IN, IA, NJ, PA, VA | Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply. |
There are a growing number of regulated sportsbooks operating across the US. On this page you will only ever see licensed and legit F1 bookmakers for you to consider.
There are two main reasons we only suggest legal F1 sportsbooks. Firstly, bettors at legal sites are guaranteed to be paid out if they win. Secondly, there is a resolution mechanism available to players should any problems arise. These two safeguards mean gamblers can enjoy their betting….with their only problem being finding a winner!
The Best Formula 1 Sportsbooks by Category
| 🥇 #1 Formula 1 Sportsbook US | DraftKings |
| 🎁 Top Formula 1 Betting Bonus | Caesars Sportsbook |
| 🔝 Most Bets on Formula 1 | BetMGM |
| 🎰 Top Formula 1 Gambling Site | BetRivers |
| 🏅 Best Types of Formula 1 Bets | Borgata Sport |
| 📱 Best Formula 1 Sportsbook App | Betway |
| 💸 Best PayPal Formula 1 Sportsbook | Hard Rock Sport |
It’s easy to jump on the first F1 betting site you discover, but it is worth a quick pit stop to consider your options and decide what is the most important factors in your choice. We have pinpointed some popular reasons why people pick a particular sportsbook.
An important factor for many is the availability of a good welcome bonus. This is one area where sportsbook can become competitive, and it is advisable to check what bonuses are available to players betting on F1 in your state.
Payment methods are another factor we consider when rating a F1 race betting site. It is worth having a couple of options at your disposal in case of any difficulties getting money onto any bookmaker F1 fans can use. Options are important to the cleverest of bettors, who sign up to multiple sites to ensure the best F1 odds.
We also checked out all the F1 betting apps, so whichever site you choose you can expect a smooth, safe experience backed up with seamless access to payment options and the latest odds. Mobile betting is an excellent way to participate in in-play betting due to the speed at which the market can move.
How to Pick the Best Formula 1 Betting Sites in the US?
Because we only list licensed F1 betting sites, you can be confident all of these sportsbooks are safe to use. We focused on the overall quality of the betting experience. Inferior sites were eliminated after taking into account the quality of the mobile app and how simple it was to use. Finally, and most importantly for some players, we examined the welcome bonuses.
Security & Licensing
Live Formula 1 Betting
Formula 1 Betting Bonuses
Formula 1 Betting Apps
Payments and Payout Times
Fast payout times are an often-overlooked factor that is important to many players. We spent time determining which sportsbooks provide the quickest withdrawals. Although you will be paid by all our choices, some are significantly slower than others.
Security & Licensing
One simple way of knowing whether an online F1 bettting site is licensed is by choosing one from this page. We only recommend safe, fair and licensed venues and will never list an unlicensed sportsbook. Licensed bookmakers have a statutory duty to ensure bettors are paid out in full, and in a fair and timely manner.
American Gaming Association
Colorado Department of Revenue - Division of Gaming
Department of Consumer Protection – Gaming Division
Illinois Gaming Board
Indiana Gaming Commission
Iowa Racing and Gaming Commission
Michigan Gaming Control Board
Nevada Gaming Control Board
New Jersey Division of Gaming Enforcement
New York Gaming Commission
Louisiana Gaming Control Board
Pennsylvania Gaming Control Board
Tennessee Sports Wagering Advisory Council
Virginia Lottery
West Virginia Lottery
We have listed all the regulatory bodies here, find the one which has jurisdiction in the state in which you want to bet on Formula One. If you ever need to check in the future whether a sportsbook is legal, then drop down to the bottom of its website and look for a licensing seal. There should be a prominent link back to state gambling organization.
Live Betting on Formula 1
The ability to place wagers once a race has begun is an important feature common at all the best Formula 1 betting sites. Odds change in real time as events unfold on the track. Placing live bets is similar to pre-race Grand Prix betting. There are the same range of markets though bettors may need to have the ability to think fast to secure the best odds.
- To Win Race
- To Finish Top 3
- To Finish Top 5
- Head to Head Winner
Here is the most popular US sportsbook that offers live betting on Formula 1:
DraftKings
Up to $1000 On First Deposit
$0.10
Not Needed
AZ,
CO,
+16
Bet Now!
Valid only for new VA players over 21 years of age. Full T&Cs apply.
Live betting, sometimes referred to as in-play betting is growing in popularity. Better live streaming of data and customer internet speeds means it’s a way of betting F1 fans can take advantage of using their knowledge of the sport. It’s not for everyone though and a watching brief is advised until bettors understand the ebb and flow of the changing odds.
Formula 1 Betting Props
Prop bets are essentially bets within a sporting event which do not necessarily change the outcome of the final result. They are more popular and prevalent in other sports but there are some opportunities of prop betting F1 fans can get involved with.
The most common, at the online betting sites F1 fans can join, are bets on which driver will complete the fastest lap or head-to-head battles between drivers. Neither of these events will crucially decide who wins the Grand Prix. Prop bets are wagers on in-race events.
Skill-Based Player Performance Props
- ️Fastest Lap
- Grid Position
- Driver v Driver
Skill-Based Team Performance Props
- Fastest Lap by team
- Best Overall Performance
- ️Team v Team
Skills-based prop bets F1 bettors will encounter are generally for individual performances. However, some will price up team prop bets. Obviously in team prop betting, there are more variables to consider though on the plus side the odds offered may be more generous.
As a rule, all skill-based prop bets, team or individual, should be left to the more experienced gamblers. The edge for any bettor is in finding value on the betting proposition. You can only learn how to spot the weakness of any odds offered on F1 race betting with experience.
Luck-Based Player Performance Props
- Total Pitstop Minutes
- Most Overtakes
- Time of First Retirement
Luck-Based Team Performance Props
- N/A
- N/A
- N/A
No motorsport confidently lends itself to luck-based prop betting, but some US sportsbooks will attempt to offer fun markets on F1. Typically, these will be number-based bets where (using no skill whatsoever!) bettors try to predict under or over a fixed figure.
On some betting sites, F1 fans will be offered the chance to guess the combined pit stop times of all the drivers. Others may get a bit more creative and offer odds on the number of overtakes or which driver finishes last. Luck-based prop bets are a bit of fun and should never be taken too seriously.
BetMGM
Up to $1500 Back In Bonus Bets
$0.10
Not Needed
CO,
MI,
NJ,
PA
Bet Now!
Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply.
Making prop bets on F1 races adds an extra dimension to events. Using skill and knowledge gamblers can gain an important edge over bookmakers. The advice is to only place bets once you have done the necessary research. It is possible to find opportunities where the sportsbooks have priced up markets wrongly, but it may be hard work to find them.
Some sportsbooks may offer exclusive prop bets F! fans can take advantage of. Therefore, it is always a good idea to open accounts with multiple providers. Use the links on this page to sign up to make sure you have a full range of F1 betting opportunities.
Best Online Formula 1 Sportsbook Bonus Offers
Bonuses are a tried and trusted way to encourage bettors to sign up. Typically, gamblers will be offered free or risk-free bets once they have made an initial deposit. If you want to have a bet on F1, it is worth paying attention to the latest offers made by the sportsbooks in your state.
As ever, the devil is in the detail in most F1 betting bonus deals. Some sportsbooks will expect you to playthrough a bonus a set number of times before you can withdraw and real cash. Other may restrict the types of bets you may place. Always read the terms and conditions of any bonus offer to avoid disappointment.
| BetMGM | Up to $1500 Back In Bonus Bets | Not Needed | $10 | AZ, CO, DC, IL, IN, IA, KS, LA, MI, MS, NV, NJ, NY, OH, OR, PA, TN, VA, WA, WV, WY | Claim Bonus!Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply. |
| Bet365 | Bet $5 & Get $150 In Bonus Bets | Not Needed | $10 | CO, NJ | Claim Bonus!Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply. |
The offers on this page have been picked out for customers specifically looking to make bets on F1. All are reasonably clear in their terms and conditions, and all allow bets on Grand Prix races. Taking up a risk-free or free bet offer is often a useful way of beginning your online betting journey. Once you have joined a site, you may also be eligible for ongoing betting promotions.
Top F1 Betting Apps for US Players
If you're frequently on the go, there are several F1 betting apps you can use. We base our rankings on app quality criteria such as ease of use, loading times, and compatibility. Mobile apps are particularly useful for live betting with players able to make split second decisions from their handheld device.
You’ll find the apps vary little state-to-state – though there are difference between individual sportsbooks. Downloading an app can occasionally make you eligible for special localized promotions.
| Formula 1 Betting Apps | Formula 1 Betting Bonus | Compatibility | Eligible States | Secure Link |
|---|---|---|---|---|
| Caesars Sportsbook - | Up to $1000 First Bet on Caesars | AndroidiOS | AZ, CO, IL, IN, IA, LA, MI, NV, NJ, NY, PA, RI, TN, VA, WV, WY | START BETTING!Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply. |
All our selected F1 bookmakers offer you a bonus after downloading the Android or Apple app as well as being smooth loading and not too heavy on the notifications. Don’t worry if you feel an app is not so important as all our recommended F1 bookies offer a great experience and functionality in a mobile browser.
Available Payment Methods – Deposits and Withdrawals
A payment method is required to deposit funds into your account. To make the process easier, most F1 betting sites accept a variety of payment methods. The majority of American gamblers prefer plastic options such as debit or credit cards, but sportsbooks also offer bank transfers, eWallets and pre-paid card options.
- Visa
- Mastercard
- Maestro
- American Express
- Discover
- PayPal
- PayNearMe
- Vanilla
- Bank Transfer
- eChecks
- Skrill
- paysafecard
- Cash
- Play+
- Apple Pay
Check out the cashier at your preferred Formula 1 gambling site before deciding which one to deposit with. Some payment methods, such as credit cards and prepaid cards, are only available for deposits; therefore, before using these options, ensure that you are comfortable withdrawing funds via alternative methods.
Top Formula 1 Gambling Sites with Fast Payout Times
Online sportsbooks are quick to take your money when you deposit but how fast are they when it comes to payouts? Generally, most sites process winnings in a timely manner, but some do offer faster payouts to their customers. Here are the top Formula 1 gambling sites in with the fastest payout times:
| Formula 1 Gambling Site | Min. Deposit | Payout Times | Recommended Payment Method | All Deposit Options | Eligible States | Secure Link |
|---|---|---|---|---|---|---|
| Caesars Sportsbook | $20 | 1-5 Days | 10 | AZ, CO, IL, IN, IA, LA, MI, NV, NJ, NY, PA, RI, TN, VA, WV, WY | BET NOW!Valid only for new NJ players over 21 years of age. Opt-in required. Full T&Cs apply. | |
| BetMGM | $10 | 1-5 Days |
|
7 | AZ, CO, IL, IN, IA, LA, MI, MS, NV, NJ, NY, PA, TN, VA, WA, WV, WY | BET NOW!Valid only for new CO players over 21 years of age. Full T&Cs apply. GAMBLING PROBLEM? CALL OR TEXT 1-800- GAMBLER |
| DraftKings | $5 | 1-5 Days | 10 | AZ, CO, CT, IL, IN, IA, LA, MI, NH, NJ, NY, OR, PA, TN, VA, WA, WY | BET NOW!Valid only for new VA players over 21 years of age. Full T&Cs apply. |
As a rule, first-time withdrawals will take a little bit longer due to anti-money laundering checks. For subsequent payouts, you should get paid quicker with debit card being the fastest. The premium platforms will try to payout within 5 working days.
Is Online Formula 1 Betting Legal in the United States?
For a long time, the only legal place to bet on F1 was at Las Vegas land-based sportsbooks. This changed in 2018, when the Supreme Court struck down the Professional and Sports Protection Act (PASPA). This decision cleared the way for individual states to decide whether or not to legalize online betting. We've also compiled a guide to all states with legal online sportsbooks for those unsure of the relevant regulations.
The Supreme Court's decision to overturn the law allowed states to establish and oversee regulated gambling markets in the United States. Each state has its own gambling laws and authorities. You should make yourself aware of the taxes, rules, and sportsbook availability in your area.
Of course, there are a number of other ways to gamble in the US. The majority of the 50 states have legalized daily fantasy sports (DFS) and other types of sports gambling. On the other hand, there are only a few places where you may play casino games.
Most Americans have become well acquainted with betting on the different motorsport events. It seems only natural to bet on the Daytona 500 each year. Likewise, as the popularity of the Formula One grows, so too will the number of people wagering on each of the Grand Prix. Here readers can find the best legal Formula 1 sportsbooks in the US.
All US States with Legal Online Formula 1 Gambling Sites
Online Formula 1 Betting Guide for US Players
Originally, betting on F1 was not a particularly complicated pleasure. Pick your driver, check the odds, place a bet and watch the action. Nowadays, bettors have many more markets to get involved with from the simple moneyline bets to futures and many more things in between.
As regards strategy, players need to have some basic knowledge of the drivers, the track and most importantly the constructors. Previous form is very important to note while grid position is an obvious factor. Check previous races at the track to see if certain drivers or constructors do well.
The best Formula 1 betting sites will guide you through the process of making real money bets. Do check if there is a welcome bonus and whether it can be used on motor racing betting. In-play markets are worth checking out. Formula One races normally last a couple of hours so there will be plenty to bet on throughout with odds changing constantly.
How to Bet on Formula 1 for Real Money Online in the United States?
- Choose a Formula 1 betting site Take your pick from our top recommendations
- Open an account You’ll need your social security details and an email.
- Make a deposit Select your preferred payment method
- Consider the bonus offer Check the T&Cs and assess its value
- Decide what race you want to bet on Find the Formula 1 betting markets
- Choose the type of bet Consider the odds and event outcome
- Place your bet Choose your stake and place your Formula 1 bet
- Wait for the results Check the live coverage or find the results online
- Collect your winnings Marvel at your genius…or luck!
The Most Popular Formula 1 Bets for US Players
There is usually a huge amount of betting market available on F1. From moneyline bets to some complicated but fun in-race parlays as well as potentially lucrative future wagering. There are other sports which offer many more markets – check out, for example, basketball betting in the US.
Choosing what type of F1 bet to make comes down to individual choice. Serious bettors will study form and perhaps choose moneyline bets – pitting their skill against the sportsbook’s line. More casual gamblers might enjoy betting on the first two or first three drivers to finish in a particular race.
-
To Win Race
The most common Formula 1 bet is on the outright winner of the race. Check the grid position before betting.
-
Head to Head Winner
Find the head-to-head odds and decide which driver will prevail in an all or nothing dual.
-
Props
Prop bets don’t immediately affect the final outcome but skill can be used to put the odds in your favor.
-
Live Betting
Follow the race and the everchanging odds to use your knowledge to place a winning bet.
-
Parlays
Parlays are where players mix up different outcomes on the same ticket. If one part loses – the whole ticket is a loser.
-
Futures
This type of bet tries to predict what will happen in the future. In Formula 1 betting this may mean picking the winner of the Driver’s Championship.
In the table above we have chosen the best Formula 1 betting sites purely based on their F1 markets. While most sportsbook do offer odds on this sport, other take a particular interest and will have more markets priced up.
If you know the type of F1 bet you are likely to make, then look a bit more carefully at the table above. We have pinpointed the specialists for each type of wager. Remember, it is often worth the initial hassle of signing up for more than one sportsbook. Being able to choose the bets you want at the best odds is never a bad idea.
Grand Prix and Popular Ways to Bet on Formula 1
The ultimate goal of any F1 driver is to win the Driver’s Championship. Similarly, the race teams aim to win the Constructors Title. Both options can be bet on at any online F1 betting site. These are the most popular futures bets on Formula 1.
There are F1 betting opportunities on every Grand Prix throughout the season. Races take place on a Sunday at various tracks around the world between March and November. Each course is unique and requires different skills from the driver. Knowing the subtle variations of each track can give bettors an edge when it coming to choosing the winner.
One of the most loved races for US F1 fans is without a doubt the US Grand Prix in Austin, Texas. Texas does not allow online betting within its borders, however you can always travel across the border and bet at the best online sportsbooks in Louisiana. In addition to the Austin race, 2023 will see the first race being held in Las Vegas, Nevada. You can find the best Nevada sportsbook beforehand and bet on your favorite drives at the race in Las Vegas.
On the days preceding a Grand Prix, there is a qualifying system to determine which driver starts in pole position. The faster the qualifying time, the closer to the head of the race the driver starts. It is a huge advantage to start in pole position. Understanding such factors is key to success Formula One betting. For more motorsport action, the IndyCar series runs alongside the F1 calendar. Most betting sites offer the IndyCar Series for those who wish to wager on the different races.
Another skill needed to be successful at F1 gambling sites is understanding the importance of tire changes and how changes in the weather can affect performance. This is where live betting comes into its own. Cars with the wrong tires for the weather can race noticeably slower. Bettors can gain an advantage on the sportsbook by getting to grips with such details.
Online vs Land-Based Formula 1 Sportsbooks in the US
In terms of raw gambling experience online F1 betting far outstrips in-person betting. This is especially noticeable when live betting is discussed. If you in a land-based sportsbook, then in-play wagering is not really an option. Also, markets may be limited to simple win, place and show bets.
The benefits of betting on F1 in a bricks and mortar establishment are less tangible. Some gamblers prefer the feel of real cash in their hands and this is obviously unavailable online. In terms of responsible gambling which we discuss below, it is likely to be less of a problem when physically handing over money to a clerk. We have listed the main pros and cons for both online and land-based sportsbooks in the table below:
Online Formula 1 Betting
- Access to bonus offers
- Multiple markets
- Exclusive online odds
- Live Formula 1 betting
- Chance to chase losses
- Lonely experience
- Identity checks
Land-Based Formula 1 Betting
- Bet on Formula 1 racing in cash
- Big screen action
- Positive social aspect
- More controlled betting
- No live Grand Prix betting
- No offline bonuses
- Inconvenience of travel
Problem Gambling Help
Even the most responsible gamblers may develop a gambling addiction, which is a significant problem. If you or someone you know is overstepping the boundaries of safe gambling, you have a number of choices at your disposal.
You can find free information on gambling addiction and advice on how to get help if you need it from the sources listed below. There is no shame in acknowledging a problem or seeking assistance.
FAQ
We’ve reached the end of our guide Formula 1 betting and have covered a range of topics. For further clarification and links back to the most important content, drop down into our FAQ.
Which is the best Formula 1 sportsbook online?
The operator at the top of our best formula 1 betting sites list is, in our opinion, the top choice for US gamblers. We based our selection on criteria including safety, licensing and bonuses.
Is online Formula 1 betting legal in the US?
You can bet on Formula 1 in any US state which has legalized sports betting. The number of states allowing gambling is growing each year. Customers not physically present in a jurisdiction where betting is legal will not be allowed to make any wagers.
How does Formula 1 betting work?
There are a number of ways to make F1 bets. One of most popular is betting on which driver will win a particular race or which team will win the Constructors Championship.
What is the moneyline in Formula 1?
Moneyline may refer to picking the outright winner of a certain race or event during a race. You can read some F1 strategy tips in our betting guide. The most important tip is to make sure you do your research before betting.
What are the best Formula 1 betting apps?
We’ve done the hard work for you and discovered the best F1 betting apps for US players. Each app on our list is easy to install, simple to navigate and gives players quick access to the best Formula 1 betting markets.
Do all online Formula 1 sportsbooks in the USA offer live betting?
In a fast-paced sport, it is good to know that almost all sportsbooks offer live betting on Grand Prix races. The ability to bet in-play gives gamblers the chance to assess numerous factors before placing a bet.
What is the minimum age for to bet on Formula 1 online in the US?
It is 21. No US state allows citizens to bet on Formula 1 (or any other sport) under this age. Any customer looking to circumvent this restriction will be excluded once they are unable to verify this online.
How to make money betting on Formula 1?
Winning money is never easy but players can increase their chance of success by studying form, doing solid research and staying up-to-date with current events in the sport. Try our recommended F1 betting sites to find a bonus when starting out.
What are the best Formula 1 betting cash bonuses for US players?
Every F1 sportsbook offers some kind of bonus to introduce customers into the world of F1 gambling. See our best Formula 1 betting sites for bonuses to see if there is a suitable welcome offer in your state.
Do all Formula 1 gambling sites accept PayPal?
Although there are plenty of gambling sites that accept PayPal, not every sportsbook offers this as a deposit and withdrawal option. See our payment options section for details of other methods.
Conclusion – Play at the Best Formula 1 Betting Sites in the USA for 2024
If you are interested in wagering on motorsports, more specifically Formula 1, then we do recommend you check out the brands that we have recommended. All have been checked for safety and security and all offer a fair welcome bonus. Most importantly, they will have a wide range of Formula One betting markets.
Born in New Orleans, Lisa Spencer is a professional gambler and editor for Betting.us with a Master's in Applied Mathematics. Known for her strategic gambling approaches, she is an expert in game theory and statistical modelling. Lisa also enjoys surfing, running, and writing reviews on betting sites in her spare time.
It is worth repeating that all our top picks are safe to use when placing a bet on the F1. Each of our recommended F1 sportsbook are licensed and regulated. This means F1 fans betting on Formula 1 can make secure payment, be assured of fast payouts and can receive fair, achievable welcome bonuses.