Best F1 Betting Sites and Apps in April 2024

Top F1 sportsbook promos

Editor's Note: bonuses are for U.S. residents only. Bonuses are current offers and are subject to change.

The best F1 sportsbooks are giving massive bonuses to draw in new users. There's no scam here — it's just how they roll, hustling to outdo the competition. You're in a great position, thanks to this bumper-to-bumper race. By joining multiple betting sites, you can collect all these best sportsbook promos and use them to give your F1 picks some extra firepower. 

Tapping into multiple F1 betting sites also opens the door for line shopping, a key tactic for profitable betting. With several sportsbook accounts, you can pick the one offering the best odds on your race day picks. This approach maximizes your potential profit when you make winning picks. 

Why FanDuel is the best F1 betting site 🔵

Few sportsbooks let you risk just $5 and walk away with $150 in bonus bets. These types of 'bet & get' promos are catching on fast. In this specific case, it doesn't matter if your first bet settles as a winner or a loser. You can claim the bonus regardless.

The investment-to-gain ratio with these deals is huge, and FanDuel leads the way with its offer. You could back Max Verstappen to win the next Grand Prix, which is almost a deadbolt lock, given his current form. When he cruises to victory, you’ll pocket a hefty bonus on top of your winnings.

When you’ve got those bonus bucks, you can use them to explore some cool props you might have otherwise skipped, especially if it meant risking your own cash. FanDuel gives you choices galore, from betting on the fastest qualifier to predicting which car will be first to retire or even the starting grid position of the winner. And here's the kicker — with bonus playthrough requirements at a low 1x, any profits you make with the bonus bets are yours to keep.

While FanDuel's intro promo might look modest next to four-figure incentives from other books, it's actually packed with more value. It’s the perfect bonus to get a feel for the platform, especially for those just dipping their toes into F1 betting. Other sportsbooks require bigger deposits or a hefty first bet loss to leverage their offers fully. FanDuel's bonus bets can be split however you like, letting you make 200 different $1 bets if desired. 

FanDuel offers more than just a great welcome bonus and a wide selection of props. Their research hub is a real gem. It's loaded with in-depth information on upcoming races. Experts analyze all the angles, from driver and team performances to possible weather influences. They even cover those easy-to-miss details, so having access to this level of insight can be a game-changer in making informed bets. 

FanDuel boasts an impressive F1 live betting platform. You can jump into the action once the race starts, capitalizing on every shift in momentum and every dramatic overtaking maneuver as it happens.

You don't need a FanDuel promo code to take advantage of this offer since it's applied automatically to all qualifying bettors.

If you're interested in anything else about the platform, our full FanDuel review will give you the rundown on how they measure up.

DraftKings F1 betting site 👑

DraftKings runs neck-and-neck with FanDuel in almost every single regard, sparking a FanDuel vs. DraftKings feud that is as heated as Ferrari vs. Red Bull. When it comes to F1 betting markets, DK truly delivers. Aside from the standard bets, they also offer unique props like the number of qualified finishers, whether the safety car will make an appearance, or if the margin of victory will be more or less than five or ten seconds.

DraftKings offers a generous welcome bonus, giving new users a bet $5, get $200 in bonus bets deal on any initial qualifying bet of $5 or more. No DraftKings promo code is required to activate this offer.

Win or lose, those bonus bets are yours. They arrive as eight (8) $25 pieces, giving you a chance to spread them out a bit. It's almost identical to the FanDuel offer, except for a $50 difference in dollar amount and which increments you can use the bonus bets in. 

To learn more, be sure to browse our detailed DraftKings review. 

bet365 F1 betting site 🟢

bet365 isn't available in nearly as many states as some of the industry giants, but it still competes on every other level. It boasts great odds, a slick mobile app, and a welcome bonus that offers $150 in guaranteed bonus bets if you make a first wager of $5 or more. Just use the bet365 bonus code SBRBONUS when creating your account to qualify for this offer. Or, you can choose their secondary offer instead, which is up to $1,000 first bet safety net. You can only use one or the other, though.

For further reading about another excellent choice for Formula One betting, head to our bet365 review.

BetMGM F1 betting site🦁

As one of the most well-known brands in Sin City, BetMGM must be loving the recently added Las Vegas Grand Prix to the F1 race schedule. Nothing like a little home-town race action to generate betting interest. Even if you're not making the trek to Vegas, you can use BetMGM's excellent mobile app to bet on F1 from more than 20 different legal states.

BetMGM offers the sweetest welcome bonus of any online sportsbook. It's up to $1,500 in first-bet insurance for all new customers. If your first bet loses, BetMGM will refund it entirely via bonus bets (up to the $1,500 limit). Use the BetMGM bonus code SBRBONUS when you sign up to partake in this welcome offer.

Our BetMGM review covers everything else you might want to know about one of our top five Formula One betting sites.

Caesars F1 betting site 🏛

Last, but certainly not least, on our list is Caesars Sportsbook. Another legacy Vegas brand, Caesars has been able to use legalized sports betting to expand their product to almost two-dozen other states. Their online sportsbook consistently offers competitive odds, a wide range of betting markets, and some of the most lucrative bonuses.

New customers can earn up to $1,000 in bonus bets with the Caesars Sportsbook promo code SBRBONUS1000. Just make any real money wager after creating your account and depositing. If that bet loses, Caesars will award you a bonus bet of an equal amount, up to the maximum. 

Our Caesars review offers even more intel on this great F1 betting site. 

Other top F1 betting sites and apps

BetRivers ⚡

BetRivers is a solid overall choice for Formula One bettors. It has plenty of F1 betting markets, usually equal to any of our top five sportsbooks. However, BetRivers does need to spend a bit of time sprucing up their mobile app and desktop site design.

💰 Welcome bonus: Up to $500 second chance bet using BetRivers bonus code: SBRBONUS
🏆 BetRivers Review

Betway 🏀

Betway also boasts plenty of motorsports betting markets, and F1 is no exception. You can find all the major Grand Prix events, plus qualifying and interesting futures bets. We love that F1 posts its lines and odds quite early, letting bettors get a fast jump on attractive odds before they shift. 

💰 Welcome bonus: Up to $250 second chance bet without a Betway promo code
🏆 Betway Review

Fanatics 🧢

Fanatics features Formula One on its list of available sports but doesn’t seem to prioritize it as much as other betting markets. It tends to skew quite heavily towards NFL, NBA, and other popular North American markets. However, Fanatics recently purchased PointsBet's U.S. business, and the two platforms are gradually merging to form a great sportsbook. You'll find a standard lineup of betting options on Fanatics for every F1 event.

💰 Welcome bonus: Up to $1,000 in bonus bets + $25 FanCash without a Fanatics sportsbook promo code
💰 Welcome bonus (CT, MA, NY, PA, VT only): Sign up and get $50 in bonus bets
🏆 Fanatics Review

ESPN BET 🏈

ESPN BET officially launched on Nov. 14, 2023. The new app is one of the better-designed betting sites we’ve had the pleasure of reviewing, with an uncluttered organization and a genuinely user-friendly interface. 

Page-to-page navigation is rapid and intuitive, so finding and browsing through all available F1 bets is a breeze. Speaking of, ESPN BET offers a strong selection of racing bets. Race winners, fastest lap, podium finishes, and driver matchup bets are all available.

💰 Welcome bonus: Up to $600 in bonuses | ESPN BET promo code
🏆 ESPN BET Review

F1 betting sites quick facts

You've come to the right place if you want to get in on the F1 betting action. Our crew of die-hard F1 buffs has sniffed out the best sports betting sites that put the sport front and center. These sites go full throttle on F1 wagering markets, with special deals, sharp odds, and numerous betting choices on drivers, constructors, and race details. Once you find your go-to betting hub, we'll drop some tips to help you rack up wins. 

How we rate and review F1 betting sites

Finding a top sportsbook is an adventure in and of itself, given how closely matched the top contenders are. Hunting for the best F1 betting site is a whole new ball game since it's more of a niche betting market than, say, the NFL. You've got to weigh in new factors and view things through a fresh lens. We're here to steer you in the right direction (pun intended) and share how we scouted out the prime F1 betting specialists.

Depth of F1 market coverage

The best F1 betting sites go beyond just winner picks. They're packed with prop bets like podium finishes, fastest laps, and even unique bets like win-race-and-fastest-lap combos. FanDuel is a star player here, offering a depth of options that lets bettors use their race savvy to the fullest.

Live betting

Live betting in F1 is all about speed — not just on the track but in terms of constantly updating the odds as the race unfolds. We value the live betting sites that keep the odds fresh, avoiding prolonged lockouts on betting options. We gave bonus points to sites that offer live streaming, especially without any active bet or deposit requirements, letting you follow the action closely.

Quality of F1-specific promotions and bonuses

Frequent odds boosts and Formula One-specific promotions show a book's commitment to F1 fans. Standouts like Caesars and bet365, who typically offer these perks for less-mainstream sports like F1, are where you should go for extra value. The best sports betting apps all offer odds boosts for Formula 1, which is a bonus since some books only prioritize major North American sports for their promos. 

Expert insights and analysis

Having insider info can be a game-changer. That's why sites like FanDuel, with comprehensive race breakdowns, and DraftKings, with their Stats Hub section, get major points for giving bettors a well-informed edge.

Cool betting features

Handy betting features can take your F1 betting to the next level. The Early Cash-Out option can let you secure some profit (or potentially limit your loss) before the race finishes. 

Parlay builders at BetRivers and DraftKings make whipping up an F1 parlay a breeze. BetMGM's Edit My Bet feature lets you tweak live bets, like altering a stake on a Hamilton-win pick if you're having second thoughts.

Competitive odds and payouts

Finally, competitive odds and fast payouts are key, especially in a sport where margins can be tight. We assess how the odds stack up against the market and the payout speed, ensuring bettors get the best value and prompt rewards for their correct insights.

How to bet on F1 races

Jumping into F1 betting is a breeze. The real challenge is picking the right sportsbook. Once you've nailed that, the onboarding process is smooth sailing. Here's a simple guide to get you started.

1. Pick a sportsbook

To begin, look for an F1 sportsbook you want to start with. Use our selection criteria to track down a sportsbook specialized in F1. Or, for a quicker route, pick one already vetted by our team as a top choice. 

2. Register

Click on our links above to reach the site. Then, choose your state and complete the registration form. This step typically involves some basic paperwork and sharing details like your name, address, and the last four digits of your SSN.

3. Deposit

Now, it's time to make your first deposit. If there's a promo code requirement, don't worry, we'll list it here. Just copy and paste it where necessary. Every current bonus requires some sort of initial real money deposit. 

You'll have many payment options, and the deposit process is straightforward. Typically, a $10 minimum deposit is required.

4. Make your first bet

The F1 section is often nestled under motorsports, so it might not have its own section. Many books offer a search feature, letting you pinpoint the exact race or bet type you're after.

It's important to review the sportsbook's house rules for F1 racing. They might have unique policies for scenarios like safety car appearances. Remember that combining multiple F1 markets on a single slip might not be possible, as same-game parlays for F1 aren't typically available at sportsbooks. 

Make your pick, enter your stake amount, and lock in your bet to confirm it. 

5. Claim the bonus

Once you've made your first bet, you may be eligible to collect a bonus. Depending on the sportsbook and bonus type, you might be in line for guaranteed bonus bets when your initial wager settles or a first-bet insurance rebate if your pick turns out as a loss. 

Some bonuses are tied to the initial bet or deposit amount but always play within your financial comfort zone. 

6. Withdraw 

When it's time to cash out your F1 betting winnings, head to your sportsbook's 'Withdrawal' section. Common methods like ACH, bank transfer, PayPal, or Play+ are usually available for cashouts. If your sportsbook operates in a physical location in your state, you can withdraw in person, which is a convenient choice for larger amounts. The processing time for online payouts typically ranges from two to seven days.

Betting on F1 Grand Prix races

The 2023 F1 season comprised 23 races, beginning with the Bahrain Grand Prix on March 5, 2023, and concluding with the finale in Abu Dhabi on November 26, 2023. Spoiler alert: Max Verstappen won almost every race, cruising to his third straight World Drivers' Championship.

The 2024 F1 season started on March 2, 2024, in Bahrain, with Max Verstappen claiming yet another Grand Prix win. Here's a quick look at the entire schedule. Can anyone stop Mad Max and Red Bull from winning more championships in 2024?

F1 betting tips and strategies

F1 betting is a numbers game. It demands a more analytical approach for successful outcomes. Here are some key strategies and tips to consider:

• Pole position's hidden trap: It's tempting to bank on the pole sitter, but as history has shown, this spot often doesn't lead to victory lane. Track conditions and race dynamics can turn this bet upside down.
• First to start isn't always first at the finish: Just because a driver starts the race in front doesn’t mean they’ll finish there. F1 is full of twists and turns, with strategy and sheer luck often reshaping the leaderboard. Be wary of live betting on the race leader after a few laps.
• Spread your bets: Betting on just one driver is risky. Spread your bets to cover different drivers and outcomes, adapting to each race's unique dynamics.
• Know your circuits and teams: Each track is different, and teams and drivers perform differently on each. Understanding these nuances and historical patterns is crucial to informed betting.
• Team dynamics count: F1 is a team sport, and the synergy between the lead and support drivers (not to mention the pit crew) can make or break a race.
• Qualifying isn't the whole story: A great qualifying performance doesn't always mean race-day success. Weather, track conditions, and race day strategies can flip the script quickly.
• Odds with real value: Look for odds that reflect the risk-reward balance. It's about finding the sweet spot where the potential payout justifies the risk. In other words, betting on Verstappen to win is easy but doesn't offer much profit.