Best F1 Betting Sites 2023 – Formula One Betting Sportsbooks Compared

Formula 1 betting brings so much excitement and intensity into sports betting that is has now gained F1 a considerable amount of new fans and viewers – therefore, if you’re looking to get up to speed and start betting F1, we’ve put a perfect course for you to speed read through.

We’ll teach where to find the best F1 betting spots, how to set up an account and placing bets, the best bonuses for your money, and some hot fire tips to kickstart your Formula One betting and put you in pole position. 

This guide also looks at the best Formula One betting sites and scans their features and offerings. It can be things like their bonuses and promotions, their user experience, and even their level of customer support and betting resources. Each betting site we review here is licensed, safe, and secure for Formula One betting. The brands are offshore sites that operate outside the US but are accessible by every US sports bettor and beyond. 

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Contents

The Best F1 Betting Sites List

So, let’s now share the best betting sportsbooks for F1 bettors, according to our team of expert researchers:

  1. BetOnline – No.1 F1 Odds Site with Grand Prix Moneyline Options
  2. Everygame – Bet on the Grand Prix Fastest Lap
  3. BetNow – 200% Bitcoin Betting Bonus
  4. Bovada – Formula One Live Streaming On-Demand
  5. Sportsbetting.ag – Great Grand Prix Betting Odds
  6. Lucky Block – Best Cryptocurrency Options for F1 Odds
  7. Jazz Sports – Variety of F1 Futures Bets
  8. BetUS – Juicy Welcome Bonus of $2,500 for F1 Bettors
  9. MyBookie – Best Formula 1 Betting Tips and News
  10. Mega Dice – Big F1 Welcome Bonus & Instant Withdrawals

How Can I Bet on F1 Legally?

The growth of the Formula 1 sport has drawn countless sports bettors over to the game, with people excited to watch the breathtaking races and have a monetary interest. All potential bettors should be aware that the capacity for F1 wagering is not widely available across the United States and is instead different in each individual state. The regulations and rules around betting F1 change wherever you are, and you should become familiar with your state’s gambling laws.

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

Even if your state restricts Formula One betting, you can safely and legally partake through our endorsed offshore sports betting sites. They prioritize user experience, betting options, security, and safety. The platforms operate in regions with clearer gambling regulations; all have obtained licenses in these jurisdictions. This ensures American punters can hop in any upcoming race and enjoy a top-tier F1 experience. Formula One is an industry that had a total revenue of $2.1 billion in 2021 and is only growing with each and every Grand Prix that takes place. 

Where to Bet on F1 – In-Depth Reviews

Let’s delve into the top F1 sites available for US bettors, analyzing their offers, promotions, customer support, and payment methods. 

1. BetOnline – No.1 Betting Site with Grand Prix Moneyline Options

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

BetOnline is the top option for F1 wagering, with a huge selection of F1 markets and options, such as the World Drivers Championship, Constructors Championship and pole position. This widespread selection for punters is incredibly enticing, as it ranges from markets like the outright race winner to fun bets like the time of the fastest lap. BetOnline caters to every F1 fan, with content around betting odds, tips, and more. 

Formula 1 Options: 4.6/5

BetOnline is one of the most comprehensive and respected sports betting platforms, as no market is overlooked. Formula One betting is taken incredibly seriously, just like NFL, NBA, and NHL markets. You can find options to bet on ranging from prop bets like “winning margin” and whether a racer will retire in the motor racing calendar year to whether George Russell or Lewis Hamilton will top their qualifying race for Grand Prix Brussels or Las Vegas.

Payment Options: 4.9/5

BetOnline makes moving money on and off the site incredibly easy, allowing you to get into the Formula 1 betting action in no time. You can utilize cryptocurrency methods like Ripple, Litecoin, Ethereum, and Bitcoin and your more traditional and standard payment options. Payments can be processed all within one working day, allowing you to enter the Grand Prix betting markets quicker than most motor racing betting sites. 

Customer Support: 4.8/5

When it comes to the best online sportsbooks, BetOnline sets the standard for customer support. If you were having issues with your Grand Prix betting odds, you could contact their 24/7 customer support team at any hour, whether you prefer to solve your query over live chat or open an email support ticket. On top of this, BetOnline has a resource page where users can access the most common FAQs and get answers immediately. 

Bonuses and Promotions: 4.9/5

BetOnline has a great selection of bonuses, so whether you are a new online Grand Prix betting fan or a regular, you can get a good amount of value for your money with our BetOnline promo codes. Common promotions include welcome bonuses, reload promotions, and even newer and more dynamic bonuses like odds boosters, crypto bonuses, betting rebates, and exclusive mobile offers. 

BetOnline Bonuses and Promotions

Bonus name Bonus amount Promo code Rollover Minimum deposit Bitcoin accepted?
Sports Welcome Bonus 50% up to $1,000 BOL1000 10x $55

Pros:

  • Huge F1 markets
  • Prop bets on Formula 1
  • Easy-to-use sportsbook
  • Juicy welcome and reload bonuses
  • Quick 24-hour payouts

Cons:

  • High minimum deposit
  • No Formula 1 betting tips or live streaming

2. Everygame – Bet on the Grand Prix Fastest Lap

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

Everygame is one of the most tried and trusted online sportsbooks in the US, having been in operation for almost 30 years. The platform has continued to level up and maintain a modern and dynamic feel, incorporating live in-play betting in their markets while dominating the online poker and casino space.

The Everygame betting markets put them into that vaunted category of the best offshore online sportsbooks, as the site is modern, navigation is easy, and the bonuses are always flowing. You can find juicy bonuses and promotions like free bets, boosted bets, and even featured wagers on big F1 races.

Formula 1 Options: 5/5

Everygame has some of the best Formula One betting markets available, making it incredibly easy to bet on which driver will get the fastest Grand Prix lap to gain pole position. If you fancy George Russell to notch the fastest time at Grand Prix Las Vegas, Everygame makes it incredibly easy to place that wager. On top of this exciting Grand Prix betting option, you can also wager on an upcoming race selector and build your own bet.  There are also futures markets like the Drivers Championship.

Payment Options: 4.5/5

The payments on offer at Everygame are fairly middle of the pack, as you can use more modern and dynamic options, like cryptocurrency, and your customary options, like fiat currency. Options include VISA, Mastercard, American Express, Bitcoin, Bitcoin Cash, and Litecoin.  

Customer Support: 4.3/5

If you need help placing Formula One bets, you can find help at Everygame. The online sportsbooks have multiple customer support channels, whether you use their round-the-clock live chat or opt to use the Everygame help section, which has advice ranging from FAQs to Formula 1 betting tips on placing your wagers.

Bonuses and Promotions: 4.7/5

You can see that Everygame prides itself on bringing bettors a range of sweet promotions and juicy bonuses. You can find many of these on their special offers page, and after you choose an Everygame promo code that is right for you, you can access things like sign-up bonuses, event tickets, cash giveaways, and prize draws. 

Everygame Bonuses and Promotions

Bonus name Bonus amount Promo code Rollover Minimum deposit Bitcoin accepted?
Sports Sign-up Offer 100% up to $250 over 3 deposits 3XBOOST250 4x $20

Pros:

  • Huge range of bonuses and promos
  • Variety of F1 bets available
  • A sleek, modern betting platform
  • Mobile-optimized website
  • Exciting giveaways, contests, and event tickets

Cons:

  • No F1 live stream is available

3. BetNow – 200% Bitcoin Betting Bonus

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

BetNow brings the thrill of Formula One right to the sports bettors with a high-powered variety of betting options and markets – such as the World Drivers Championship – that bring the electricity of F1 right to your fingertips. This classy site has an elite-level user experience, handy customer support, and a multitude of payment options to help you move money on and off the online sportsbook. 

BetNow is a perfect online sportsbook for a beginner, with a range of blog posts and helpful resources that not only help you place your first ever sports bet but give you the ins and outs on Grand Prix betting and how to wager correctly. 

Formula 1 Options: 4.5/5

BetNow matches an easy-to-use sportsbook platform with a great selection of Formula One betting options. On BetNow, you can find any kind of F1 motor racing bet you can think of, including pole position. Want to predict that Lewis Hamilton will beat the field? There are options for that. Do you just want to focus on a head-to-head match-up between George Russell and Charles Leclerc at the Las Vegas Grand Prix? You can do that too! 

Payment Options: 4.6/5

BetNow has one of the best payment option selections of all the best betting sites. Bettors can pick between traditional options like VISA, American Express, and other common banking methods or opt for cryptocurrencies like Bitcoin and Litecoin. These payments are typically fast and have reasonable transaction fees; the only negative can be found with the low maximum deposit limit, as anyone wanting to place high-stakes wagers might feel limited. 

Customer Support: 4.4/5

The BetNow support for customers is only allowed to register BetNow sports bettors, which can turn away some potential customers if they have a question but have not yet signed up. Once you are signed up to the site, you get full access to a very comprehensive customer service team, including 24-hour live chat and email support.

Bonuses and Promotions: 4.7/5

BetNow has some great promotions that entice new Formula One bettors not just to sign up and wager, but bet consistently and enjoy the various markets, like the French Grand Prix betting during the summer. A low deposit requirement of just $20 allows bettors to get in the game, use a BetNow bonus code and enjoy welcome bonuses, reload bonuses, and more. The Bitcoin sportsbook bonus puts it up with the best Bitcoin sportsbooks online.

BetNow Bonuses and Promotions

Bonus name Bonus amount Promo code Rollover Minimum deposit Bitcoin accepted?
Welcome Bonus 150% up to $150 BN150 30x $20

Pros:

  • Great betting odds
  • Small deposit requirement
  • Formula One prop bets available

Cons:

  • Smaller welcome bonus than others

4. Bovada – Formula One Live Streaming On-Demand

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

Bovada could arguably be the best betting site for Formula One fans, with fantastic betting tips and a wide variety of betting markets, going from moneyline Grand Prix winners to the Constructors Championship and Drivers Championship, plus a range of entertaining prop bets. 

With a live-streaming capability for Formula One fans allowing them to bet on their favorite teams and watch races like the French Grand Prix, Bovada provides top-end quality so you can bet and watch the biggest F1 races all on one online sportsbook.

Formula 1 Options: 5/5

Bovada matches its Formula 1 betting tips content with a juicy number of betting markets for any upcoming race. You can bet on things like the practice rounds and Grand Prix qualifiers and even build your future bets with predictions on who will win the Drivers’ Championship. The live-streaming platform on the site just boosts the Formula One betting experience on the site.

Payment Options: 4.7/5

Bovada offers all your typical traditional payment methods but also gives bettors the option of crypto deposits and withdrawals using Bitcoin, Litecoin, and more. By using cryptocurrency, you can get money off and on the site without any fees and almost instantly. 

Customer Support: 4.7/5

You can find your typical live chats, an email support ticket system, and a phone line at Bovada, but one unique feature is the Bovada sports betting blog. Here, you can find Formula One betting tips, wagering advice, and a host of FAQs on different topics.

Bonuses and Promotions: 4.7/5

When you set up your account on Bovada, you can get huge value through the promotions and bonuses they run. Bovada has a ton of crypto sportsbook bonuses and reloads and welcome promotions for existing and new bettors on the site – head over to our dedicated Bovada promo codes hub for more info.

Bovada Bonuses and Promotions

Bonus name Bonus amount Promo code Rollover Minimum deposit Bitcoin accepted?
Sports Welcome Bonus 75% up to $750 BVD1000 5x $20

Pros:

  • Top tier F1 live stream
  • Crypto-focused payments and bonuses
  • Elite sports betting blog
  • Helpful FAQ resource

Cons:

  • High fees for traditional payments

5. SportsBetting.ag – Great Grand Prix Betting Odds

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

SportsBetting.ag follows suit as another highly established US offshore online sportsbook, having been in the industry for a long time but continually updated their offering, including Grand Prix betting markets. Sports bettors can find a juicy amount of motor racing betting action on the site and find a very simple and easy website to use when they place their wagers. 

Another benefit to SportsBetting.ag is their adoption of cryptocurrency, as this speeds up payment processing times and also eliminates any transaction fees for punters, which is a huge win. 

Formula 1 Options: 4.8/5

SportsBetting.ag has a wide selection of Formula 1 betting odds, regardless of whether you are looking for a more traditional moneyline bet or steering towards a fun prop bet. You can prop bets similar to the safety car ones and even look at odds on how many drivers will finish the Grand Prix.

Payment Options: 4.5/5

The payment processing time at SportsBetting.ag is relatively quick, usually getting processed within one to two business days. If you cannot wait that long, you can use many cryptocurrency options and get your money instantly with no fees. Traditional debit and credit cards, cryptocurrencies, and eWallets are payment methods accepted. 

Customer Support: 4.8/5

When it comes to customer support excellence, SportsBetting.ag fits the bill. You can get instant help with incredible ease compared to other online sportsbooks, as all you have to do is click one button, and you will get in contact with a customer support member. On top of this, you can get in touch through email and phone if your issue is not immediate. If you want to look into how you wager on the site or have a common issue, you can use the handy FAQ resource on the website. 

Bonuses and Promotions: 4.7/5

SportsBetting.ag put their bettors in pole position for newbie welcome bonuses, and juicy reload promotions for long-term bettors – just view the latest SportsBetting.ag promo codes. If you are a fan of the best crypto sportsbooks, you can find a cryptocurrency bonus on SportsBetting.ag. On top of all this, you can get free bets and cashback bonuses. 

SportsBetting.ag Bonuses and Promotions

Bonus name Bonus amount Promo code Rollover Minimum deposit Bitcoin accepted?
Sports Welcome Bonus 50% up to $1,000 SB1000 10x $55

Pros:

  • Crypto deposit bonus
  • Incredible selection of F1 prop bets
  • Fast payouts
  • Helpful customer service

Cons:

  • Website navigation could be better

6. Lucky Block – Best Cryptocurrency Options for Grand Prix Betting

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

Established in 2022, Lucky Block is a leading cryptocurrency betting site that welcomes Formula One bettors with open arms. With its exclusive focus on cryptocurrencies, Lucky Block offers a level of privacy and anonymity that resonates with players seeking exceptional entertainment with the utmost discretion.

Players can indulge in a range of sports betting options, complete with all of the latest titles and bonuses, as well as core mobile integration for wagering on the go.

Formula 1 Options: 4.7/5

Everygame has a standard range of Formula One betting markets available, including the main ones such as the individual Grand Prix winner. If you fancy Lewis Hamilton to take the checkered flag, then Lucky Block makes it easy to place that wager.

Payment Options: 4.0/5

Lucky Block has a fantastic reputation for fast deposits and payouts, using numerous leading payment methods, including bank transfers, ewallets, cheque payments and cryptocurrencies, to which the site has a few dedicated promotions.

Deposits start at 0.0001 BTC, and withdrawals have a minimum threshold of 0.0002 BTC. Lucky Block ensures hassle-free transactions, with no fees or payment caps, providing F1 bettors with a seamless and secure payment experience.

Customer Support: 4.3/5

For bettors in need of assistance, Lucky Block offers a handy live chat option available 24/7. The player support team is respected for their professionalism and friendliness. While live chat is the main source of contact, email support can also be used.

Bonuses & Promos: 4.2/5

Out of all of the platforms on this list, Lucky Block carries one of the most enticing welcome bonuses, where new sports bettors can enjoy a 200% bonus up to $10,000 in exchange for a first deposit.

Bonus name Bonus amount Promo code Rollover Minimum deposit Bitcoin accepted?
Sports Welcome Bonus 200% up to $10,000 + 50 free spins N/A 60x $60

Pros:

  • Live Grand Prix betting
  • Fast-reflecting crypto banking methods
  • Welcome bonus of 200% up to $10,000
  • Onsite crypto purchasing functionality
  • Core mobile compatibility

Cons:

  • Limited Formula One markets

7. Jazz Sports – Variety of F1 Futures Bets

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

Jazz is a wise choice for Grand Prix betting, boasting almost 30 years of online sports betting experience. Although the platform’s mobile interface can be slow, it still provides access to all F1 markets and offers convenient processes for signing up and depositing funds.

F1 Betting Options: 4.5/5

For motor racing enthusiasts, Jazz covers the basic F1 markets and their odds remain competitive with other betting sites. Their Grand Prix betting futures for any upcoming race do give more flexibility if you enjoy taking a long term view of the Grand Prix season.

Payment Options: 4.4/5

Jazz offers a range of payment options, including cryptos like Bitcoin, plus methods such as Visa and MasterCard. Crypto withdrawals are processed quickly, giving users swift access to their funds, although withdrawals using other methods can take up to 48 hours.

Customer Support: 4.5/5

Jazz’s customer support is above-par, offering efficient and friendly assistance 24/7 through their live chat option. Users can also contact the support team for responses to enquiries, which helps the overall customer experience.

Bonuses and Promos: 4.4/5

Jazz Sports provides enticing promos for sports bettors, including welcome promos, reload bonuses, and referral rewards. Generally, these bonuses add value to the sports betting experience and provide additional incentives to engage with the platform.

Jazz Sports Bonus

Bonus Name Bonus Amount Promo code

 

Rollover Minimum Deposit Bitcoin Accepted?
Sports welcome bonus 50% up to $1,000 N/A 10x $100
Reload cash bonus 10% up to $1,000 N/A 3x $100

Pros:

  • Offers Grand Prix betting options
  • Provides live betting options
  • Easy to use
  • 24/7 customer service

Cons:

  • Website interface can be improved
  • High minimum deposit required for bonuses

8. BetUS – Juicy Welcome Bonus of $2,500 for F1 Bettors

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

You can add BetUS to the club of highly respected and trusted sportsbooks, having been around in the US for almost 30 years. Due to its long-standing position in the industry and offering, you could put BetUS in the best online sportsbooks available. 

Whether you are looking for competitive Grand Prix lines or huge welcome and return bonuses, you can find everything at BetUS. This even includes crypto promotions and mobile online betting.

Formula 1 Options: 4.8/5

BetUS provides multiple Grand Prix markets, including last-minute race winner bets, fastest laps, and prop bets like winners’ nationality and more. One of the best things about BetUS is their live-streamed channel, where they bring F1 experts to give Formula One betting tips for the viewers. 

Payment Options: 4.2/5

Regardless of whether you like cryptocurrencies or fiat currencies as your preferred deposit method, BetUS has them both. You can use Bitcoin, Ethereum, and even Ripple to move money around without fees and instant payouts. You can use VISA and Mastercard, but these have a lengthy delay of five working days with added fees. 

Customer Support: 4.8/5

BetUS excels in the customer support area for an offshore betting site, most notably due to the BetUS TV content that allows bettors to watch clips of any problems they might encounter. In addition to this incredible resource, BetUS has a live chat, phone, and email support options for its customers. 

Bonuses and Promotions: 4.9/5

BetUS has some fantastic options when it comes to promotions and bonuses for F1 bettors. If you like using fiat or crypto, you can find incredible bonus options on this site. That includes free bets but also a $2,500 bonus for fiat and crypto depositors, a huge welcome to BetUS. Take a look at the BetUS promo codes.

BetUS Bonuses and Promotions

Bonus name Bonus amount Promo code Rollover Minimum deposit Bitcoin accepted?
Sports Sign-Up Offer 100% up to $2,500 INSIDERS 10x $100
Crypto Sports Sign-Up Offer 100% up to $2,500 INSIDERS 10x $100

Pros:

  • Huge welcome bonus 
  • BetUS TV tips content
  • Lots of F1 markets
  • Prop bets and last-minute picks

Cons:

  • Limited payment options
  • Outdated website

9. MyBookie – Best Formula 1 Betting Tips & News

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

MyBookie is a top F1 odds site, standing out as one of the best online sportsbooks for Formula 1 betting live. It only originated in 2017 but has since established itself as a perfect online sportsbook, up in the ranks of the best live sports betting sites

On top of a great in-play betting feature, MyBookie has an incredible user experience, making it easy to navigate between Grand Prix betting markets, whether you want to bet on Las Vegas or check out prop bets for different F1 teams. MyBookie also sets the standard for an excellent F1 tips blog, releasing content regularly and having some of the best writers in the business.  

Formula 1 Options: 4.6/5

MyBookie gets a high rating based on the superb depth and extensiveness of its Formula One betting markets. Some of our favorite spots include markets like the quickest lap, pole position, the top three finishers, and more, all available to bet on race day. You can even find a market that has a “Yes” or “No” betting option on whether there will be a safety car period during the race or which team will have the fastest pit stop.

Payment Options: 4.2/5

Putting money on the site and withdrawing it can be a bit slow on MyBookie. You have a select few options to move money through, including Bitcoin, Litecoin, Ethereum, Ripple, MasterCard, and VISA. MyBooke is still a top option when it comes to the best cryptocurrency sportsbooks, and by using their crypto options, you can avoid the fees and get your money fairly quickly.

Customer Support: 4.8/5

Spotting the MyBookie help section can be tough, but once you find it, you can clearly see why MyBookie is one of the best F1 sites. They boast unrivaled customer support, who are on hand 24/7 through a live chat feature, and also have an in-depth FAQ resource that answers a huge amount of problems bettors run into.

Bonuses and Promotions: 4.9/5

Another area that MyBookie excels at regarding F1 is the promotions and bonuses it gives back to its bettors. You can find a host of MyBookie promo codes that give you incredible bonuses, whether you are new and need a welcome bonus, adding more money to the site and want a reload bonus, or even juicy free bets they give away periodically. 

MyBookie Bonuses and Promotions

Bonus name Bonus amount Promo code Rollover Minimum deposit Bitcoin accepted?
50% Sports Welcome Bonus 50% up to $1,000 MYB100 10x $50

Pros:

  • Huge F1 prop bet market
  • Crypto options for quick payouts
  • Seamless mobile betting site
  • Betting on live and future Grand Prix races

Cons:

  • Not many payment options
  • Hard to find a support section

10. Mega Dice: Big F1 Welcome Bonus & Instant Withdrawals

Mega Dice review

Mega Dice is a new betting option in the crypto casino landscape, established in mid-2023. Owned and operated by MIBS B.V., it is licensed to operate under a Master Gaming License from the governor of Curacao. Although relatively new, Mega Dice has already created an impact with a choice of 5,000+ game offerings, making it one of the best mobile slot game sites.

One of its standouts is no requirement for KYC verification, a benefit for F1 bettors who value their privacy. However, it does comply strictly with most AML policies to maintain a safe and secure gaming environment.

F1 Options: 4.1/5

Mega Dice offers basic markets for the Grand Prix season, including the race winner. Admittedly, there is definitely room for improvement in the F1 zone, with bettors limited to moneylines, but on the plus side, Mega Dice’s odds remain competitive with other betting sites, while getting a race bet on quickly is another positive.

Payment Options 3.9/5

Mega Dice offers a number of deposit and withdrawal options, including Bitcoin, Bitcoin Cash, Litecoin, Dogecoin, Ethereum, Tether, Tron, BNB, Cardano, and Ripple. There is also indirect support for wire transfers, credit cards, Apple Pay, and Google Pay via its in-built exchange partner. Withdrawals are processed instantly most of the time, and there are no amount limits for being paid out. Overall, Mega Dice thrives via its wide range of crypto payments and swift, unlimited withdrawals.

Customer Support: 4.8/5

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Bonus name Bonus amount Promo code Rollover Minimum deposit Bitcoin accepted?
200% Sports Welcome Bonus 200% Bonus up to 1 BTC + 50 Free Spins N/A 10x $50

Pros:

  • No KYC verification needed
  • Wide game selection
  • Supports multiple cryptocurrencies
  • Generous bonuses and promotions

Cons:

  • No direct support for credit/debit cards
  • Limited access in certain countries

What is F1?

Very few sports are as high-octane or pulse-raising as Formula One racing. The typical competitive sporting season of F1 includes 23 Grand Prixs located all over the world. The most recent announcement and highly-anticipated Grand Prix is the Las Vegas Grand Prix, a perfect example of what a Grand Prix is all about. 

The Las Vegas strip is being renovated to have race-quality roads, and the streets will be turned into a top-class race track, which is expected to bring millions to Sin City to watch the spectacle. F1 is built up of teams, and each team has a variety of drivers. The drivers get points for their finishing places, and the team with the highest points total will win the title. 

How Does Betting on F1 Work?

In the same way, F1 is a thrilling sports spectacle on race day; the experience is enhanced when you place a Formula One wager. You can find yourself jumping on one of the top F1 apps for betting, taking advantage of incredible welcome bonuses or even live-stream capabilities, and watching the race wherever you are in the world. 

The most common bets you can make on F1 include the outright winning driver of a certain Grand Prix or the overall winner of a World Drivers Championship. Both are very simple to do, and the only research required would be to look at the team and car ability, weather conditions of races, the driver’s skill in these conditions, and how the driver has been faring lately in the F1 Driver Standings

In this guide, we will break down the different bets you can make on F1 and what they mean. 

How Do I Place a Bet on F1? 

When it comes to the biggest growing sports in the world, Formula One is certainly on that list. If you have begun to take a liking to watch the thrilling Grand Prix, we have put some quick and easy instructions below so you can get into pole position by betting on F1 and heighten the thrills even more.

Step 1: Pick a Respected Sportsbook

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

First, use this guide, take a few minutes for some research, and pick one of the best F1 sports betting apps to wager F1 bets on. For the sake of this guide, we will use the excellent BetOnline sportsbook to show you how to do it.

Step 2: Sign-up For The Sportsbook

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

BetOnline is one of the best online sportsbooks because it is so easy to sign up for. You click on the registration form and enter a few simple details. Once you have done this, click “Create Account,” you will be almost ready to go.

Step 3: Deposit Funds on The Site

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

A key thing to remember before you deposit your money onto the site is to check which bonuses and promotions you are eligible for after you deposit. Check for promo codes and ensure you hit the deposit threshold to qualify. 

Step 4: Place an F1 Bet

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

One of the best things about BetOnline is the ease of navigation, as it is very easy to find the F1 odds. Once you find it, you can pick your wager and place your bet within a few clicks. 

How to Deposit Funds

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

Here’s an introduction to quickly and securely placing money in your favorite sportsbook. 

Step 1: Sign in and Click Deposit

Log in to your sports betting account, find the “Cashier” option, and find the best banking method for you. 

Step 2: Enter the Amount & Check for Promo Codes

Pick the amount you want to load onto the site, and also check for any promo codes you might be able to use. 

Step 3: Process the Deposit

Make sure you click “Submit” and ensure it processes seamlessly. Always double-check the amount before you send it off! 

How to Withdraw Your F1 Winnings 

Best F1 Betting Sites [cur_year] – Formula One Betting Sportsbooks Compared

After your picks for the next Grand Prix or the Formula One champion comes in, you will want to take your winnings off the site. Here are some quick and easy tips for you to get your money well on its way to your bank account. 

Step 1: Sign in and Access the Cashier

Log in to your sports betting account, go into the cashier section of your chosen online sportsbook, and click on a “Withdraw” option that should be visible. 

Step 2: Enter Your Withdrawal Amount and Banking Method

Once you are in the cashier and withdrawal section, you should be able to enter a numerical amount of how much money you want to take off the site into a bank, crypto, or eWallet account. 

Step 3: Finalize The Withdrawal

After you confirm the amount you want to withdraw and verify your payment method, you should have your money with you in no time. 

Payment Methods Available: 

It is impossible to bet on F1 races without having money in your online sportsbook account. Therefore, you need to get clued up on how to get money on and off the sites easily. A handy table breaks down the payment methods for the best F1 odds sites.

Payment Method About Examples
Bank Transfers 
  • Secure, easy, and safe
  • Deposits instantly
  • Accepted widely
  • Withdrawals can be long
  • Wire transfer
  • Instant transfer
Cryptocurrencies
  • Anonymous
  • Quick transfer times
  • Secure 
  • Little to no fees
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Litecoin
Credit & Debit Cards
  • Anonymous
  • Quick transfer times
  • Secure 
  • Little to no fees
  • VISA
  • MasterCard
  • American Express
  • Discover
Prepaid Cards
  • More secure
  • Easier to manage a betting bankroll
  • Limited to low-rollers
  • ecoPayz
  • Paysafecard
  • Vanilla Prepaid Card
eWallets
  • Quick deposits and withdrawals
  • Easy and simple
  • Little transaction charges
  • PayPal
  • Neteller
  • Skrill
Check
  • Secure
  • Set limits
  • DHL
  • UPS
  • FedEx

Payment Options

We will break down the payment options you can use at the F1 odds sites we have reviewed. Many traditional options include bank transfers, debit and credit cards, and modern crypto options. It should be noted that none of the Grand Prix sportsbooks we have reviewed offer PayPal.

Sportsbook Bitcoin Bitcoin Cash Ethereum Dogecoin Debit / Credit Cards Bank Transfer PayPal
BetOnline
Everygame
BetNow
Bovada
SportsBetting.ag
Lucky Block
Jazz Sports
BetUS
MyBookie
Mega Dice

Claiming a Betting Bonus for F1

One of the best things you can do when wagering on Formula One is to take advantage of no-deposit bonuses and reload promotions when you pick an online sportsbook. Whether you are a new customer or a returning bettor, you can get these, and they can completely enhance your F1 experience. 

Here are a few of the bonuses you will see when joining one of the best F1 sportsbook apps and what they mean. 

Bonus Type About Recommended Site
Welcome Bonus
  • Received when you first join a site
  • Usually the largest promo
  • BetUS – 125% Welcome Bonus up to $2,500
Reload Bonus
  • Includes a betting rollover bonus
  • Get sportsbook credit or free bets in return
  • MyBookie – 25% Reload Bonus up to $1,000
Crypto Bonus
  • Similar to Welcome Bonus, but in cryptocurrency
  • Bitcoin, Ethereum and other crypto accepted
  • Bovada – 125% up to $3,750 Bitcoin Welcome Bonus
Referral Bonus
  • Get a friend to join the site and get a bonus
  • Jazz Sports – 100% free play up to $2,500

Comparing Sign-Up Bonuses 

Here, we will compare the F1 odds bonuses that sites offer against each other. This allows you to go through the promotions and bonuses as well as the expiry date and roll over to find the best bonus for you. 

Sportsbook Sports Sign-Up bonus Promo code Rollover Minimum deposit Bitcoin accepted? Expiration date
BetOnline 50% up to $1,000 BOL1000 10x $55 30 days
Everygame 100% up to $250 on first 3 deposits 3XBOOST250 4x N/A N/A
BetNow 150% up to $150 BN150 20x $10 100 days
Bovada 75% up to $750 BVD1000 5x N/A 14 days
SportsBetting.ag 50% up to $1,000 SB1000 10x $55 N/A
Lucky Block 200% up to $10,000 + 50 free spins N/A 60x $20 14 days
Jazz Sports 50% up to $1,000 N/A 10x $100 N/A
BetUS 125% up to $2,500 JOIN125 10x $100 30 days
MyBookie 50% up to $1,000 MYB100 10x $50 N/A
Mega Dice 200% Bonus up to 1 BTC + 50 Free Spins N/A 6,000 $1 N/A

Different Markets for Betting on F1

Formula One is one of the most rapidly growing sports, and the reason for this monumental growth is clear. The merge of technology, engineering, and high-octane motor racing is enough to persuade anybody to sit and watch. It is truly edge-of-the-seat viewing whenever you watch a Grand Prix. The 2023 Miami Grand Prix broke records when it gained 2.6 million average viewers, and these numbers are expected to get smashed at the Las Vegas Grand Prix. 

One way to enhance your F1 viewing is to place a wager on an upcoming race, which can add even more thrill and enjoyment when you watch. You might be a bit stuck on how betting works or how you place a wager, as there are numerous markets like the Constructers Championship and Drivers Championship. No fear, however, as we have put together a simple guide on the bets you can make on F1.

Winning Driver

In the same way that the simple moneyline works for sports like soccer, American football, and others, this is the F1 equivalent. You can pick your favorite driver from a race and win if the racer finishes first. The F1 odds can be great in this market, giving you a nice payday if your favorite driver crosses the checkered line first. 

Fastest Qualifier 

This is a simple and self-explanatory bet, as you are placing a wager on the driver who you think will have the fastest qualifying lap. The fastest qualifying time is the best time in the final qualifying session.

Winning Constructor 

A winning constructor bet is one of the more entertaining choices from the F1 wagers you can make. In this bet, you pick the team that has the best car and driver combo, which requires the most research but will give you the biggest payout. There is also the futures angle with odds for the Constructors Championship.

Podium Finish

Similar to the Winning Driver bet, a Podium Finish bet provides you with a little more insurance that allows you to win if your selected racer makes any of the top three places.

Pole Position 

The pole position is another term for the driver with the best qualifying time, as they get the first slot at the start of the race. This bet is basically betting on the driver you think will have the best performance during the qualifying period and the driver who ends up in the first race grid at the beginning of a Grand Prix. 

Fastest Lap

It is self-explanatory, as you will be betting on the driver you think gets the quickest lap or the driver that gets the quickest lap on the final lap behind the leading winner of the race. 

Winning Margin

This is very similar to betting an over/under on an NFL or NBA game, as you are betting on the margin of victory between the two closest candidates. 

Line Shopping 

Line Shopping is one of the more complicated betting activities you can do, so we’ll break it down for you here. This is where you can check other F1 online betting sites to ensure you get the best odds on your bet. After checking multiple lines offered by the best online sportsbooks, you can find different F1 odds based on the sportsbook data and opinions.

Bonuses for Betting Early

Many of the F1 online sportsbooks we listed have a promotion where early Formula One Bets get bonuses. This can come in the form of enhanced odds, free bets, and even cashback. You should always check the sportsbook you are betting with to see if the promotion is running.

How to Bet on F1 in Person

With the best online sportsbooks, you’re not confined to a computer; you can place bets easily from your smartphone. These betting platforms have mobile apps available for hassle-free live streaming and in-play betting, complete with push notifications to keep you updated and in the action

Although our reviewed sportsbooks don’t have dedicated apps, they boast mobile-optimized websites that work smoothly on Android and iOS devices. These platforms ensure you can indulge in F1 wherever you are, making betting on F1 more seamless and simple.

How to Bet on F1 in Person

You can bet on a Formula One Grand Prix in so many ways and do it in person. Here is the quick and easy process you can put yourself in pole position by placing a wager in person today:

Find a Reliable and Reputable Sportsbook: Google and use other forms of research to find a local and reputable sportsbook that has good odds and F1 markets for what you want.

Sign-up and Verify: You will often need to make some form of account or verify your identity with the sportsbook.

Check The Betting Markets: Take a look through the available F1 odds and markets to see which bets you like. 

Place Your Bets and Wait: You can place your bets easily at the counter and watch the F1 race at the sportsbook or elsewhere. After your bet wins, you simply head back to the sportsbook desk and collect your winnings. 

Our Top Tips on How to Place The Best Bet on F1

Before you use one of the best F1 sportsbooks and place a wager online, you should keep some simple tips and strategies to get the best value for your money and maximize your chances of winning. Bets like “Winning Constructors Championship” require a lot of research and thought to win them, so we have put some easy tips below to help you out.  

Research The Teams

Doing an in-depth analysis of the different F1 teams, the racers, and the cars will help you understand the playing field. Once you know the quality and ability of all the race teams, winning bets like “Fastest Lap” will be much easier, and you can utilize more of an edge in this market. Knowing things like driver ability, weather, terrain, and recent form can be the difference between winning and losing bets. 

Play Prop Bets

Prop bets can be more than just fun – they can be a great source of value betting. The odds are usually juiced and more attractive, and you can get higher payouts on these than traditional bets. 

Do Not Bet With Your Heart or Gut

Winning bets do not come from instinct or your heart but from research and applied knowledge. Avoid picking a driver just because you like their personality or a team because of the colors. Instead, use data and analytics to lead your betting. 

Claim Your Bonuses 

Bonuses make up a huge amount of value in F1. Not only does it extend your bankroll, but it also gives you much more juicy odds. Things like Welcome Bonuses, referral promotions, and Reload Bonuses give you huge maneuverability in betting on F1. Always make sure you know the current best sportsbook promo codes in order to get the most for your money!

F1 Predictions and Betting Tips

We will list some tips, trends, and F1 news in this section to help you make some winning F1 bets.

  1. As the 2023 season goes on, you should note that circuits with longer straights, like the Baku City Circuit, often favor teams with stronger engines.
  2. Check out tools like F1 analytic platforms and race simulators, as you can get results based on data. 
  3. Don’t be afraid of betting on a racer with a low starting grid spot. Alonso’s comeback in 2012 in Valencia should be a reminder that a driver can always do an incredible feat, while Daniel Ricciardo’s return is another deciding factor.

F1 Race Schedule 2023

Seeing as you have learned how to place F1 bets, you will now want to know when you can bet on the races. Here’s a list of the upcoming Grand Prix for the 2023 season, with races like the Monaco Grand Prix and British Grand Prix being some of the highlights.

Race date Grand Prix
5 March Bahrain
19 March Saudi Arabian 
2 April Australian
30 April Azerbaijan
7 May Miami
28 May Monaco
4 June Spanish
18 June Canadian
2 July Austrian
9 July British
23 July Hungarian
30 July Belgian
27 August Dutch
3 September Italian
17 September Singapore
24 September Japanese
8 October Qatar
22 October United States 
29 October Mexico City 
5 November São Paulo 
18 November Las Vegas 
26 November Abu Dhabi 

Best F1 Betting Sites – Conclusion

Hop into the thrill of F1 with the top online sportsbooks, betting your money on the most iconic and legendary Grand Prix races. With tested and trusted betting platforms, you can enhance the thrills and try to win big paydays in the F1 markets available – whether it’s the Constructors Championship market or who gets Pole Position?

But if you want to know the deciding factor in making our pick for an F1 sportsbook? Well, we picked BetOnline, a trusted name in Formula One betting. This renowned and respected online sportsbook has juicy F1 odds, live in-play betting, insightful F1 tips, and bonuses galore. There is no better place for an F1 experience. 

FAQs

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