F1 Betting Guide 2024 – Comparing The Best F1 Betting Sites

While NASCAR may be America’s most beloved motorsport, Formula 1 undoubtedly has a bigger following worldwide. And in recent years, F1 has grown steadily in popularity throughout the United States, becoming increasingly famous among motor racing enthusiasts. Consequently, this rise in recognition has brought additional interest in F1 betting.

If you’re a beginner looking to kickstart your Formula 1 betting journey or an experienced bettor seeking improvement in your wagering skills and strategies, you’re in pole position. This guide explains all you need to know about Formula One betting – where and how to place your wagers, the juiciest bonuses at the best F1 sportsbooks, hot tips to win bets, the different betting markets, and many more.

Also, we compare the best F1 betting sites, highlighting their promotions and unique features – all of them listed in this guide are licensed, secure and safe to play. Note that all our recommended websites are 100% licensed and safe-to-use offshore brands operating outside the US but accessible to everyone in the country.

The Best F1 Betting Sites List

After conducting a detailed analysis of the numerous F1 sportsbooks available in the United States, our team of expert researchers came up with the following list of the best Formula One betting sites. All brands are licensed and safe to play.

How Can I Bet on F1 Legally?

With the Formula One group grossing around $2.14 billion in total revenue in 2021, an 86% increase on the previous year, a host of Formula One sportsbooks have been filtering into the US gambling space to have their share of the massive numbers. Also, more and more people are taking an interest in F1 betting.

That being said, it’s worth noting that not everyone in the United States can engage in F1 betting, as the legality of the activity varies from state to state. Before wagering on this motorsport, it’s important to check the gambling laws of your area to be sure whether sports betting is allowed or not.

Regardless of your state’s stance on betting on F1, you can legally place wagers on Formula One using our licensed and safe offshore sites. Our recommended sportsbooks cater to US customers but operate from outside the country – in a jurisdiction with more flexible gambling laws. With these offshore brands, American bettors can enjoy a wonderful F1 betting experience, taking advantage of enticing bonuses and other special features.

Where To Bet On F1 – In-Depth Reviews

Let’s take a closer look at the best F1 betting sites in the US, highlighting their special offers and features.

1. BetOnline – No.1 Betting Site with a Variety of F1 Moneyline Bets

BetOnline shines as a premier F1 betting platform, offering an exhilarating range of options that enhance the thrill of Formula 1 racing. With a comprehensive selection of bets available, from predicting race winners to more intricate wagers such as the fastest laps, BetOnline caters to the preferences of every F1 enthusiast. With competitive F1 odds, a user-friendly interface, reliable customer support, and enticing bonuses, BetOnline stands out as one of the best offshore sportsbooks for Formula 1 enthusiasts.

Formula 1 Options: 4.6/5

BetOnline offers a wide range of options for betting F1, including the highly anticipated British Grand Prix. With their comprehensive Moneyline bets, F1 enthusiasts can engage in thrilling wagering action. Whether backing your favorite driver to claim victory or making strategic predictions on the podium finishers, BetOnline provides a user-friendly platform to place your bets.

Payment Options: 4.9/5

BetOnline provides a wide range of payment options, encompassing both traditional methods such as credit cards and bank wire transfers, as well as cryptocurrencies like Ripple, Litecoin, Ethereum, and Bitcoin. This diverse selection allows bettors to deposit and withdraw funds from their accounts easily. Notably, BetOnline stands out as one of the leading Dogecoin gambling sites and offers instant payouts with anonymous transactions.

Customer Support: 4.8/5

Bettors have access to BetOnline’s customer support team 24/7 through various means. They can either contact the live chat team or email the support desk for any inquiries. Moreover, the app features an FAQ section where users can find answers to common questions.

Bonuses and Promos: 4.9/5

BetOnline provides a wide array of bonuses, encompassing various options such as welcome rewards, reload promotions, odds boosters, rebates, crypto bonuses, and exclusive mobile offers. By utilizing BetOnline promo codes, bettors can effortlessly access these bonuses.

BetOnline Bonuses and Promos

2. MyBookie – Enjoy Extensive Betting Coverage of Grand Prix Races

MyBookie is another top F1 betting platform that offers an exhilarating range of options, perfect for fans seeking to enhance their Formula 1 experience. With a user-friendly interface, convenient payment methods, and dedicated customer support, MyBookie ensures a seamless betting journey. Whether you’re looking to predict the race winner or delve into the excitement of player props, MyBookie’s comprehensive F1 betting options cater to every fan’s preferences.

Formula 1 Options: 4.8/5

At MyBookie, F1 enthusiasts can enjoy a range of exciting betting options. From Moneyline bets to drivers’ season H2H and props like predicting the driver to win a race, there are plenty of choices. You can also bet on the Drivers’ Championship and find detailed betting analysis for the F1 season, including championship odds. And with exclusive coverage of popular races like the Bahrain Grand Prix, Miami Grand Prix, Monaco Grand Prix, and Spanish Grand Prix, MyBookie offers a thrilling platform for betting on car races.

Payment Options: 4.4/5

Currently, MyBookie provides limited deposit and withdrawal methods for its bettors, offering only seven options, including Bitcoin, Litecoin, Tether, Ethereum, Visa, and Mastercard. However, the crypto alternatives ensure quick payouts and are fee-free.

Customer Support: 4.6/5

The dedicated help center on the MyBookie website provides players with the opportunity to seek assistance. They can engage in live chat with a consultant for immediate solutions or access the sportsbook’s FAQ section for commonly asked questions.

Bonuses and Promos: 4.8/5

MyBookie provides bettors with various exclusive promotions to enhance their bankrolls and simplify the exploration of different options. By using MyBookie promo codes, bettors can access a range of exciting and distinctive promotions, including welcome bonuses, reloads, free bets, and rebates.

MyBookie Bonuses and Promos

3. BetNow – Place Various Futures Bets on F1 Races

As one of the best F1 betting apps, BetNow presents an impressive selection of betting options that elevate the thrill of Formula 1 racing. And with its user-friendly interface, reliable customer support, and diverse payment options, the platform ensures a seamless and enjoyable betting experience. BetNow’s commitment to providing attractive bonuses further solidifies its position as a favored choice among F1 betting enthusiasts.

Formula 1 Options: 4.5/5

BetNow’s comprehensive F1 betting platform boasts competitive odds on a user-friendly interface. From predicting the winner of individual races to forecasting the overall season champion, BetNow covers them all. Additionally, they provide enticing prop bets, allowing enthusiasts to place bets on specific outcomes like fastest lap times or podium finishes.

Payment Options: 4.6/5

BetNow offers various payment methods for bettors to choose from, with options including American Express, Visa, Bitcoin, and Litecoin. These payment methods provide flexibility when conducting transactions on the site; however, unlike what is obtainable on top high limit betting sites, high rollers may find the low maximum deposits and withdrawals imposed by this sportsbook to be restrictive.

Customer Support: 4.4/5

BetNow provides support exclusively to registered bettors. Once users have created a BetNow account, they gain unrestricted access to the live chat feature, available around the clock. Additionally, users can reach out to the support team through email.

Bonuses and Promos: 4.7/5

BetNow offers a diverse range of bonuses designed to cater to both new and existing bettors’ needs, which can be activated with a suitable BetNow bonus code. These bonuses come with attractive features, including remarkably low wagering requirements and the convenience of qualifying deposits as low as $20.

BetNow Bonuses and Promos

4. Everygame – Place Prop Bets on Driver Podium Finishes

Everygame revolutionizes the world of F1 betting, offering a dynamic and immersive platform tailored to the needs of avid motorsport enthusiasts. With a comprehensive selection of F1 markets, Everygame ensures that fans can indulge in their passion by placing bets on various race outcomes, including traditional predictions and more intricate props. The platform goes beyond just providing an extensive range of betting options; it also prioritizes user satisfaction through seamless payment methods, ensuring that transactions are secure and convenient.

Formula 1 Options: 4.7/5

Everygame offers a wide range of betting options to cater to the interests of motorsport enthusiasts. With their exclusive coverage of Grand Prix betting, bettors can engage in thrilling wagers on various aspects of the sport. Everygame provides outright betting options such as predicting the winning team, fastest lap, and podium finishes. Additionally, bettors can also place bets on the overall winner of a race or even the qualifying session.

Payment Options: 4.5/5

When visiting Everygame, bettors have a wide range of payment options to choose from. In addition to traditional methods like bank transfers and credit cards, players can utilize various cryptocurrencies for depositing and withdrawing funds. These payment methods offer fast payouts and anonymous and fee-free transactions, making them highly favored by users on the site.

Customer Support: 4.6/5

Bettors needing prompt assistance on the Everygame platform can conveniently contact the support team through the 24-hour live chat feature. Moreover, Everygame offers an informative FAQ section on its website to cater to common queries and concerns.

Bonuses and Promos: 4.3/5

Upon visiting the Everygame site, bettors will find a variety of generous bonuses available, catering to both new and existing players. These promotions include welcome rewards that span multiple deposits, as well as free bets and reload bonuses that can be activated with Everygame promo codes.

Everygame Bonuses and Promos

5. Jazz Sports – Enjoy Rapid Payouts from Wins on F1 Bets

Jazz Sports revs up the excitement as an F1 betting platform, offering motorsport enthusiasts an exciting range of options. With a seamless user experience, diverse betting markets, and attractive bonuses, Jazz Sports roars to the forefront of Formula 1 betting platforms, captivating sports bettors with its exceptional service.

Formula 1 Options: 4.2/5

At Jazz Sports, Formula 1 enthusiasts can bet on the highly anticipated British Grand Prix. And although the motorsports betting options on this site may not be as extensive as that of other platforms, Jazz Sports offers an array of moneyline odds, allowing bettors to predict the winner of the race and potentially reap substantial rewards.

Payment Options: 4.5/5

Jazz stands out by providing rapid fiat payouts as one of the best cashout betting sites, yet its crypto withdrawal options are even faster and more secure. Moreover, the absence of transaction fees on crypto payments allows players to retain their earnings, making this the preferred choice on the platform.

Customer Support: 4.2/5

Jazz provides a single support solution for bettors on their site – live chat. However, the customer service team is known for being friendly, responsive, and always available to assist with any queries that may arise.

Bonuses and Promos: 4.3/5

Jazz offers a wide range of promotions, which are relatively generous compared to other sportsbooks and can be claimed with various Jazz Sports promo codes. However, these promotions often require exceptionally high qualifying deposit values of $100. Nonetheless, the rewards are generous and typically have low wagering requirements.

Jazz Sports Bonuses and Promos

6. SportsBetting.ag – Early Release of Various F1 Betting Lines

SportsBetting.ag sets the bar high as an F1 betting platform, delivering an electrifying and seamless experience for racing enthusiasts. Featuring a wide array of F1 betting options, user-friendly payment methods, and responsive customer support, SportsBetting.ag has quickly become the preferred destination for F1 bettors. Safety and security are paramount on this gambling site, ensuring peace of mind for all users.

Formula 1 Options: 4.8/5

SportsBetting.ag offers a wide array of Formula One betting odds that are comparable to those found on BetOnline. Among the exciting choices available, bettors can explore props such as predicting the occurrence of a safety car during the race or retirement on the first lap. Additionally, they can wager on the possibility of a virtual safety car being deployed throughout the race, the winning margin between competitors, or even the total number of drivers who will successfully finish a Grand Prix.

Payment Options: 4.5/5

SportsBetting.ag provides a wide range of payment options, such as debit or credit cards, eWallets, and different cryptocurrencies. However, while they strive to process all payments within 24 to 48 hours, the actual payout duration relies on the selected payment method.

Customer Support: 4.8/5

SportsBetting.ag provides exceptional customer care and is accessible at all times to assist you. For immediate assistance, simply click the Live Help button to engage in a live chat. Alternatively, you can reach them by phone or send an email if your inquiry is not time-sensitive. Furthermore, customers can benefit from the extensive FAQ section, which serves as an additional advantage.

Bonuses and Promos: 4.7/5

SportsBetting.ag provides an array of bonuses and promotions to both new and long-time users. For first-time deposits, users can claim a welcome offer and a crypto bonus. Additionally, members can enjoy ongoing reload bonuses, free play, and cash-back bonuses. The platform also offers special perks such as shut-out and no-hitter refunds that can be activated with SportsBetting.ag promo codes.

SportsBetting.ag Bonuses and Promos

7. Bovada – Largest Collection of F1 Betting Markets

Bovada shines as a trusted F1 betting platform, providing a secure environment for motorsport enthusiasts. With competitive F1 odds and diverse betting options, Bovada emerges as a go-to choice for F1 fans looking to wager on their favorite teams. The live-streaming feature enhances the betting experience, allowing bettors to witness the action in real time and make informed betting decisions. Bovada delivers an all-encompassing package for betting F1, combining safety, excitement, and convenience into one compelling platform.

Formula 1 Options: 5/5

At Bovada, F1 enthusiasts are presented with an extensive array of betting options tailored to the high-octane sport. From Futures to season match bets like driver head-to-head, Constructors championship, and Drivers championship, there’s no shortage of choices for fans to explore. Season specials allow players to predict specific drivers to win a specified number of races, adding an extra layer of excitement to the betting experience.

Additionally, props betting at Bovada encompasses predicting players to secure top 2, 3, or 6 finishes, as well as the fastest lap, and even the driver or team to lead a lap. Notably, Bovada goes the extra mile by enabling enthusiasts to bet on practice races as well, ensuring that the thrill of F1 betting is available throughout the entire race weekend. It is also among the best NASCAR sportsbooks.

Payment Options: 4.7/5

When using Bovada, various payment methods are available, including traditional options that may result in a payout delay of more than five days and high transaction fees. Alternatively, bettors have the option to utilize cryptocurrencies such as Litecoin and Bitcoin for both depositing and withdrawing funds on Bovada. These cryptocurrency transactions have faster processing times and more affordable fees compared to other methods, thereby ranking Bovada as a top Litecoin betting site.

Customer Support: 4.7/5

Bovada offers multiple avenues for players to address any questions or concerns. Firstly, players can directly communicate with support representatives via the 24/7 live chat. Alternatively, they can utilize Bovada’s comprehensive blog, which covers various topics, including instructions on utilizing different betting lines.

Bonuses and Promos: 4.5/5

Bettors who have Bovada bonus codes have access to a wide range of enticing rewards. These rewards encompass diverse promotions such as crypto-specific benefits, welcome offers, reload bonuses, referral incentives, odds boosters, and free bets.

Bovada Bonuses and Promos

8. BUSR – U.S Bettors Can Play Unique F1 Props

BUSR is the ultimate hub for F1 betting enthusiasts, providing an experience tailored to motorsport lovers. With a wide range of F1 markets, from classic predictions to intricate wagers, BUSR offers a captivating betting journey. The platform’s user-friendly interface ensures seamless navigation, while reliable customer support is always available to assist bettors.

Formula 1 Options: 4.6/5

From predicting race winners and winning nationalities to betting on race props and top finishers, there are numerous ways to engage with the sport on BUSR. Bettors can wager on F1 drivers’ championships, H2H driver-to-win-a-race matchups, and F1 constructors championships. Additionally, F1 race props on BUSR provide unique betting opportunities for customers to bet on the top finishers of an F1 race.

Payment Options: 4.8/5

Alongside conventional payment options, users can utilize any of the nine crypto alternatives BUSR offers for depositing and withdrawing funds. These crypto methods are fast and convenient and have minimal fees and provide instant payouts, thus making BUSR one of the best crypto betting platforms.

Customer Support: 4.8/5

BUSR provides one of the most comprehensive customer support options. The sportsbook offers a phone line and live chat that are accessible 24/7, ensuring that bettors can have their queries resolved promptly. Additionally, customers can choose to contact support either by email or by completing a web form.

Bonuses and Promos: 4.5/5

At BUSR, a range of exciting promotions are available, including referrals, rebates, reloads, and enticing welcome bonuses, most of which come with separate BUSR bonus codes. Although these bonuses come with reasonably low wagering requirements, it is essential to note that the minimum qualifying deposits for many of them are quite high.

BUSR Bonuses and Promos

9. BetUS – Get a Welcome Bonus of Up to $2,500 to Bet on F1 Races

BetUS is a reliable online platform for F1 betting, offering a diverse range of betting options. Whether it’s pre-race predictions or live betting during the Grand Prix, BetUS provides ample opportunities for Formula 1 fans to engage and place their bets. The enticing variety of bonuses is sure to appeal to customers.

Formula 1 Options: 4.7/5

With an extensive range of choices on BetUS, bettors can indulge in thrilling Grand Prix betting, including exciting futures bets. Whether you’re passionate about predicting podium finishes, the fastest lap, pole positions, winning margins, or even the winning car, BetUS has you covered. The site also offers intriguing special bets to add an extra layer of excitement to your F1 betting experience, along with a comprehensive guide with Formula 1 betting tips.

Payment Options: 4.4/5

BetUS provides a limited selection of payment options for bettors. Nevertheless, they offer fiat and crypto alternatives for depositing and withdrawing funds, with crypto methods typically resulting in faster payouts. Cash, electronic payment, and crypto can be utilized for withdrawals. Deposits are usually credited instantly, while payouts generally take 24 to 48 hours to process, although certain withdrawal methods may have associated fees.

Customer Support: 4.7/5

For assistance with the BetUS site or its features, bettors can contact the support desk via email or use the 24/7 live chat facility for a faster response. In addition, BetUS provides a blog and FAQ section on its website. The chat feature, conveniently located in the main drop-down menu, is the most convenient way to contact BetUS.

Bonuses and Promos: 4.9/5

BetUS offers a range of bonuses and promotions, with the top feature being the sportsbook’s generous welcome promotions. The platform provides four sign-up bonuses, allowing users to choose when they make their initial deposit, and bettors can unlock these exciting welcome rewards using BetUS promo codes. Additionally, BetUS strongly emphasizes crypto bonuses and offers two refer-a-friend bonuses along with a decent loyalty scheme.

BetUS Bonuses and Promos

10. XBet – Place Bets on Outright Winners of F1 Events

XBet is a reputable online platform designed specifically for Formula 1 betting enthusiasts. It offers a wide array of betting options and a strong track record of providing competitive F1 odds across various races. With its user-friendly interface and comprehensive selection of betting markets, XBet has established itself as a favored destination for Formula One betting enthusiasts.

Formula 1 Options: 4.8/5

The F1 betting lines available on XBet cover a range of thrilling options, starting with the F1 Drivers Championship odds, allowing fans to predict and wager on the season’s head-to-head matchups. Additionally, bettors can place their bets on the outright winner of the championship, trying to foresee who will emerge victorious at the end of the season. For those who prefer to focus on individual races, XBet offers the option to bet on specific drivers to win a particular race.

Payment Options: 4.5/5

XBet stands out for its small but effective range of banking options, mainly consisting of cryptocurrencies like Tether, Bitcoin, Litecoin, and Ethereum. However, Visa and MasterCard are also available as alternative payment methods. One advantage is that if you withdraw using Ethereum, you can expect instant payments, making XBet an excellent choice for crypto-based sports betting.

Customer Support: 4.4/5

XBet offers convenient customer support options to its registered members. By accessing the live chat feature, XBet members can quickly connect with a support representative at any time of the day. Conversely, non-members can explore the comprehensive FAQ section, which addresses the most commonly asked questions.

Bonuses and Promos: 4.2/5

XBet falls short in bonuses and promotions compared to other sportsbooks, as they have a limited range and less impressive offers. While they provide bankroll boosters to bettors and various XBet promo codes, some of their bonuses require high qualifying minimum deposits.

XBet Bonuses and Promos

What is F1?

If you fancy fast cars, you’ll probably love Formula One or F1 – the highest class of open-wheel, single-seat professional motor racing contest – whose affairs are governed by the Fédération Internationale de l’Automobile (FIA). A Formula 1 season consists of a series of races called Grand Prix, which is held in 23 amazing locations across 5 continents on purpose-built circuits and, sometimes, closed city streets.

Every Grand Prix season ends with the announcement of two World Championships – one for the drivers and the other for the constructors – which are determined using a points system. For a race in this event to be considered eligible, all drivers must possess a valid Super License, with asphalt tracks graded “1”. F1 racecourses differ from one another with varying elevations, widths, fast points, formats, turns, and challenges, so no single race is the same.

The aim of Formula One is for a driver to cross the finish line in the best possible position after passing through a series of predetermined laps. A race ends once the leading driver completes the last lap and crosses the finish line. Then, the remaining cars on the circuit will race to the finish line and complete the lap they’re on. Some major F1 drivers include Max Verstappen, Sergio Perez, Fernando Alonso, Lewis Hamilton, and Carlos Sainz.

How Does Betting On F1 Work

For an amazing betting experience, American bettors should take advantage of the best sportsbooks offering competitive Formula 1 betting odds. These top F1 betting apps and sites provide generous bonuses, in-play betting, live streaming feature, a variety of betting markets, and other special features to excite gamblers and improve their winning chances.

The most common and straightforward wager in Formula One is the Winning Driver, which involves predicting which driver will win the race. Although it may appear simple on the surface, choosing the potential winner of an F1 race is quite difficult on the contrary, as a bettor would have to properly consider several factors like the car’s performance, the weather conditions, and the driver’s recent form before wagering.

Other popular betting markets to explore include the fastest qualifier, winning constructor, podium finish, pole position, fastest lap, and winning margin. Later, we’ll go into the details and explain what each option means.

How Do I Place a Bet on F1?

Formula 1 is a very successful motorsport, earning in excess of $92 million in profit in 2021. Are you a beginner looking to delve into the exciting world of F1 betting? Here’s a step-by-step guide on how to bet on F1 to earn a share of the huge numbers in the sport.

Step 1: Choose a reputable bookmaker

First and foremost, choose from our recommendations of the best Formula 1 betting sites and visit their websites to start placing your wagers. In this guide, we’ll use the BetOnline platform to illustrate each step.

Step 2: Create an account

On BetOnline’s homepage, click ‘JOIN’ at the top-right corner of your screen to open the registration form. You’ll be required to enter personal details like name, email address, country, zip code, phone number, and date of birth. After filling out the form, click ‘Create Account.’

Step 3: Make an initial deposit

You’ll be prompted to make a deposit to begin your F1 betting journey. From the list of supported banking methods, choose your preferred option and add funds to your BetOnline account. Before depositing money, you can use any of the BetOnline promo codes to claim great bonuses.

Step 4: Navigate to the Formula 1 section

On the BetOnline homepage, click ‘Sports’ on the top menu, select ‘Other Sports,’ ‘Auto Racing,’ and then ‘Formula 1’ to see the available races and betting markets.

Step 5: Place a bet

Make your bet picks, enter your stake amount, and click ‘Place Bet.’ Now, you can wait for the outcome of the race to see if your wager wins or not.

How To Deposit Funds

Let’s give a brief lowdown on the process of depositing funds in any of the best sportsbooks offering Formula 1 betting odds.

Step 1: Log in to your account

After opening your preferred bookmaker’s homepage, enter your username and password to sign into your account. If you don’t have an account, create one.

Step 2: Deposit

Go to the ‘Cashier’ or ‘Banking’ section and choose your favored deposit payment method. Common banking options include wire transfers, cryptocurrencies, credit or debit cards, Person2Person, eWallets, etc.

Step 3: Enter the amount

Type in the amount of money you want to add to your account. All F1 betting sites have a minimum and maximum limit for deposits.

Step 4: Type in promo code

To claim bonuses, enter the promo code for that particular promotion if eligible for the offer.

Step 5: Submit

Submit your request, and the funds will reflect on your bankroll as soon as possible.

How To Withdraw Your Winnings

After a bettor makes winnings in F1 betting, they’ll want to withdraw the money into their bank accounts as soon as possible, so they can begin to use the funds. Here’s how to successfully withdraw your gambling profits from any Formula One betting site.

Step 1: Sign in

Visit your favored betting site and sign in to access your account.

Step 2: Go to the ‘Cashier’ or ‘Banking’ section

Navigate to the ‘Cashier’ or ‘Banking’ section to begin the withdrawal process.

Step 3: Enter withdrawal amount

Type in the amount of money you want to withdraw from your F1 betting winnings. Every sportsbook has its own minimum and maximum withdrawal limits. Check your bookmaker’s threshold to ensure you’re within the limit before proceeding.

Step 4: Choose a banking method

Choose your preferred banking method for the withdrawal process. Common options include wire transfers, eWallets, and cryptocurrencies.

Step 5: Complete the process

Complete the withdrawal process and wait for the stipulated payout time for your chosen banking method to collect your winnings.

Payment Methods Available

Funds are needed for betting on F1, and there are several ways to deposit and withdraw money from your sportsbook account. The table below discusses some of the most popular payment methods on the best F1 betting platforms.

Deposit Options

Here, we will closely examine the deposit options available at the best F1 betting sites in the United States. Top crypto sportsbooks support currencies like Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dogecoin, and other Altcoins.

Withdrawal Options

Below is a table showing the various withdrawal options available at the best offshore sportsbooks for Formula One betting enthusiasts.

Claiming a Betting Bonus for F1

F1 sportsbooks offer bonuses to spice up their users’ betting experience and increase their winning chances. Some of these special promotions, such as free bets and no-deposit bonuses, are offered to loyal customers to encourage them to place more wagers. Meanwhile, others like welcome promos are given to newcomers to assist them in starting their gambling journey right.

Now, let’s highlight common bonuses at US gambling sites and the platforms that give the most enticing offers.

Comparing Sign-Up Bonuses

In this section, we’ll stack up each of our F1 betting sites against one another, in a side-by-side manner, to see the details of their sign-up bonuses – promo codes, rollover requirement, minimum deposit, and expiration date.

Different Markets for Betting on F1

Formula One recorded a massive global audience of 445 million viewers in 2021, a 3% rise from the previous year, indicating the increased popularity of the motorsport worldwide. And F1 betting is a great way to join in the excitement of this burgeoning sport.

Are you interested in wagering on Formula 1? Here are the different betting markets for US bettors to explore. Note that it’s important to know how betting odds work before you start gambling.

Winning Driver

Like the moneyline betting in the NBA or NFL, this is the most common and straightforward in F1 betting, and it involves predicting which driver will win a race. You can back a driver to come out victorious, stake any amount you want, and earn a massive payout if your favored player wins. You can bet on multiple drivers to improve your chances of winning, although the payout will be smaller.

In the example above, if you stake $330 on Max Verstappen, you’ll earn a profit of $100 if the driver wins the race.

Fastest Qualifier

Here, you’re putting your money on the driver you think will set the fastest official qualifying time in a race. Any driver with the best qualifying time in the final qualifying session is regarded as the fastest qualifier.

Winning Constructor

As the name suggests, this wager requires a bettor to select which constructor will win the race. It’s usually more difficult to predict than most other betting markets in Formula One, but with proper research, one can win and earn a huge payout.

Podium Finish

Although similar to the Winning Driver bet, the Podium Finish is a much safer betting market, allowing bettors to back a driver to finish anywhere in the top three places.

In the example above, if Charles Leclerc is your favored driver with a $100 bet and ends up in first, second, or third, your wager wins, and you profit $125.

Pole Position

In Formula 1, the driver with the best qualifying time earns the pole position, which is the first slot at the beginning of a race. This bet type allows you to bet on the driver with the best performance in the qualifiers – a feat that will ensure they’re the first in the grid before the race commences.

Fastest Lap

Here, you’re predicting which driver will complete a lap in the quickest time. Your bet also wins if your backed driver sets their quickest lap on their final lap following the leader winning the race.

Winning Margin

If you’ve explored the Over/Under wager in soccer, NBA, and NFL, you’ll understand this bet type. This betting market allows a bettor to select the potential margin that’ll separate the two closest candidates.

Line Shopping

This is a strategy where bettors check multiple sportsbooks to find the best Formula 1 betting odds before placing their bets, helping them maximize their winnings. After visiting several betting sites, you’ll find variations in F1 odds – caused by different volumes of money wagered and contrasting bookmakers’ opinions.

Let’s make an illustration for better understanding. A bettor who wants to bet on the F1 British Grand Prix winning driver checks MyBookie and BetNow to study the F1 odds and notices the following:

From the photos above and below, you’ll notice that Lewis Hamilton is priced at +1075 on MyBookie and +1200 on BetNow, indicating that BetNow has better F1 odds. The bettor will likely place his Winning Driver wager on BetNow, where he’ll earn more profit – a $100 bet winning as much as $1,200 compared to MyBookie’s $1,075.

Bonuses for Betting Early

Some F1 betting sites offer promotions for betting early on Formula One races. Such bonuses include free bets, enhanced odds, and cashback offers. Before wagering on F1, it’s advised to check with different sportsbooks to see which ones offer bonuses for betting early and take advantage of such promos to increase your winnings.

How to Bet on F1 on Mobile

When using the best F1 sportsbooks, you don’t need to be tied to a computer to place a bet, as you can wager on the go via your smartphones. These betting sites offer downloadable mobile betting apps for comfortable live streaming and in-play betting with push notifications enabled so you don’t miss out on any updates.

While none of our recommended sportsbooks offer native apps, they provide responsive, user-friendly websites that are well-optimized for use on both Android and iOS mobile devices. With the help of these sites, you can enjoy F1 betting on the go and enhance your overall gambling experience.

How to Bet on F1 in Person

If you’re not so much a fan of online betting, you can place your F1 wagers in person at a retail bookmaker following these steps:

Locate a Reliable Retail Sportsbook: Research the top retail sportsbooks in your area and select the one that best suits your betting tastes and needs. Ensure your chosen bookmaker offers attractive Formula 1 betting odds with a variety of markets.

Complete Verification: Register as a sports bettor by providing any required information and documentation for identification.

Take a Look at the Betting Markets: Next thing to do is familiarize yourself with the available betting markets, which will likely include popular options like winning driver, winning constructor, fastest lap, pole position, etc.

Place Your Bets: After making your bet picks, approach the cashier to stake an amount and proceed to place your bet.

Wait for the Outcome: While the race is ongoing, you can hang around the retail sportsbook – perhaps watch the action unfold at the place if they provide viewing services. If your bet wins, approach the sportsbook counter and claim your winnings.

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

Before betting on the best online sportsbooks, you should keep these tips and strategies in mind, as they’ll be helpful in your betting journey to increase your chances of winning.

Research the Teams

Proper research will help you make more informed betting decisions. For instance, when betting on the Fastest Lap market, it’ll be valuable to check the average time each of the participating drivers completes a lap in the same race. Also, analyzing the recent form of the drivers in a race, injuries, weather forecasts, and pitch conditions will assist you in correctly predicting the race’s winner.

Play Prop Bets

Spice up your betting experience with prop bets, as they’re an exciting way to wager on Formula 1. Apart from being fun, they offer attractive odds that yield massive payouts on winning bets.

Don’t Bet With Your Heart/Gut

While you may be tempted to bet on your favorite drivers or constructors, it’s never the way to go. Ensure your betting selections are based strictly on your research and objective analysis, not on emotions.

Claim Your Bonuses

F1 sportsbooks offer bonuses and promotions, including welcome promos, free bets, reload bonuses, referral packages, and more. Take advantage of these offers to add value to your wagers and boost your potential winnings.

F1 Predictions and Betting Tips

In this section, we’ll highlight some stats, tips, and trends useful in making winning F1 betting selections.

1. Sitting atop the 2023 F1 driver standings, a whopping 81 points clear of second-placed Sergio Perez, Max Verstappen is the favorite to win the 2023 Formula 1 Championship.
2. Bettors can follow F1 social media handles and websites to get information about drivers, constructors, race updates, etc.
3. F1 has seen many historical upsets, like Sebastian Vettel’s unexpected Italian Grand Prix win in 2008. Bettors who bet on the German racing driver earned a massive payout, as you would expect. So, it goes without saying that it’s a great idea to wager on underdogs in F1 for a bigger payday.

F1 Race Schedule 2023

So, now we’ve learned about the best sportsbooks and how F1 odds work, it’s time to find out when the big Grand Prix’s take place each year – here’s a rundown below.

Best F1 Betting Sites – Conclusion

Join in the F1 betting excitement using any of the best sportsbooks to wager on the biggest Formula One races. Using proven betting tips, you can earn big winnings when you stake on the variety of betting markets this motorsport provides.

Are you unsure of which F1 sportsbook to use? We highly recommend BetOnline as a one-stop shop for Formula One betting. The reputed brand offers attractive odds, generous bonuses, in-play betting, betting previews and predictions, an extensive selection of betting options, and responsive customer support for an unrivaled user gambling experience.

FAQs

Is betting on F1 legal?

While F1 betting is legal in some US states, the activity remains unregulated in some places. Using our offshore sportsbooks, American residents from all states can legally wager on F1 races, enjoying enticing bonuses while gambling in a safe environment.

Can I bet on F1 online?

Yes, you can bet on F1 online. Reputable sites like BetOnline, MyBookie, and BetNow offer competitive Formula One betting odds and an extensive selection of betting markets for an entertaining gambling experience.

Where is the best place to bet on F1?

BetOnline is the best place to bet on F1. With this sportsbook, bettors enjoy attractive odds, quick resolution of complaints, numerous betting markets, live wagering, generous bonuses, and much more.

Who are the favorites to win this year’s Drivers’ Championship?

Marc Verstappen, priced at -330 on MyBookie, is the favorite to win the 2023 F1 Championship. Meanwhile, Sergio Perez comes in second place with lines of +720.

What is the best bet to place on F1?

The best bet to place on F1 depends on your preferences. But it’s worth noting that the winning driver wager is the most common and straightforward in Formula One. It simply involves predicting which driver will win a race.

How does betting work in F1?

There are several betting markets to choose from in F1, including winning driver, winning constructor, podium finish, fastest lap, pole position, fastest qualifier, and winning margin. You can explore any of these options at our recommended F1 sportsbooks.