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F1 betting can be both fun and profitable if you do it at the right sites. By this, we mean Formula 1 betting sites that offer the best odds and most lucrative bonuses. That’s precisely what we’ll help you find.
We’ll present you with the best sportsbooks for Formula 1 betting, comparing them with each other to showcase their strengths. On top of everything, we’ll even share some useful F1 betting tips to help increase your chance of winning.
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Best F1 Betting Sites
- Bovada – Best Overall F1 Betting Site
- MyBookie – Top Site for Betting on F1 Prop Bets
- BetUS – Sportsbook With the Best F1 Odds: BetUS
- BetOnline – Best Site for F1 Bonuses & Promos
- BetWhale – Top Sportsbook for F1 Live Betting
- TrustDice – Best Mobile F1 Betting App
Bovada Best Overall F1 Betting Site
The best site for betting on Formula 1 is Bovada, as it has a greater collection of F1 betting markets than other sites.
With Bovada, it’s possible to bet not only on the winner of every race on the F1 calendar, but also on the outcome of practices and sprints. You can also place props like the top 3/6/10 finish, safety car period, and fastest pit stop (team). Bovada also has a prop bet builder you can use for F1 races, and is notorious for offering and accepting special wagers for niche markets like F1.
Another reason why this is the best betting site for F1 is that all its bonuses (50% up to $250 sports welcome bonus) can be used for motorsports betting. Bovada also offers a little more value with their Parlay Booster, while you can earn reward points for every $1 you wager.
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- Bonus: 125% up to $3,750
- Visit Site Read Review
MyBookie Top Site for Betting on F1 Prop Bets
If you want to bet on F1 props, MyBookie is your top choice, as this sportsbook offers 80+ such bets for every race of the season. Among those are driver-focused F1 prop bets such as the driver with the fastest lap, the winning driver’s nationality, and so on.
MyBookie also offers props focused on the performances of F1 teams. For example, you can wager your money on whether both of Red Bull’s drivers will get a podium finish in the next race.
This betting site also has some F1 season-based props. What we’re talking about are bets like total team wins over/under and similar.
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- Bonus: 100% up to $1,000
- Visit Site Read Review
BetUS Sportsbook With the Best F1 Odds: BetUS
BetUS tends to publish Formula 1 odds earlier than its competitors. Usually, the odds for the next race are released within 24 hours of the previous race. As F1 races are run on Sundays, you can expect to get new odds on Mondays.
BetUS is also great for offering great value on F1 bets, especially for top favorites.
For example, at the time of writing, Max Verstappen’s odds of winning the title are -450. This means that you need to bet $450 to win $100. With other sites (e.g., BetOnline), you need to bet $800 for the same return.
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- Bonus: 125% up to $2,625
- Visit Site Read Review
BetOnline Best Site for F1 Bonuses & Promos
Head over to BetOnline if you want to claim some interesting bonuses, such as the $250 free bet for new customers, which you can use to bet on F1 races. This makes BetOnline one of only a few sites with a sign-up bonus that’s eligible for F1 betting.
Another bonus you can use for Formula 1 betting online is the 50% up to $100 refer-a-friend bonus with zero wagering conditions.
On top of everything, BetOnline is renowned for its sports-specific bonuses, so make sure to check its offers to see if an interesting F1 bonus pops up.
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- Bonus: 50% up to $250
- Visit Site Read Review
BetWhale Top Sportsbook for F1 Live Betting
Most sites only let you bet on F1 before the start of the race; with BetWhale you can do it even during the race. In fact, BetWhale is one of just a handful of sports betting sites that offer live betting on Formula 1 events.
You can bet on the winner of the race, with the odds changing according to what’s happening on the ground.
Apart from the race-winner bets, BetWhale also has F1 live betting odds for the head-to-head market. Basically, you get to bet on which driver will finish faster (e.g. Lando Norris or Sergio Perez). In addition to simply providing a feature not every F1 sportsbook has, the live betting on BetWhale is seamless and can be done effectively using any device.
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- Bonus: 125% up to $1,250
- Visit Site Read Review
TrustDice Best Mobile F1 Betting App
TrustDice is our top recommendation for smartphone users, as this is one of the best F1 betting sites with a mobile-responsive design. In simple terms, this means that the website adjusts automatically to ensure a perfect fit on your mobile phone.
This makes it easy to browse through TrustDice’s sportsbook, which has 30+ sports categories, including both Formula 1 and Formula E.
Another reason why TrustDice is our top pick for mobile F1 betting is that it allows access via Google. This means that you can start betting on Formula 1 with literally just a few taps on the screen.
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- Bonus: 100% up to 3 BTC
- Visit Site Read Review
Comparison of the Best Formula 1 Betting Websites
| Site | Welcome Bonus | Mix. / Max. Deposit | Read Review | Visit Site |
|---|---|---|---|---|
| Bovada | 125% up to $3,750 | $10/5,000 | Bovada Review | Visit Bovada |
| MyBooke | 50% up to $1,000 | $20/$2,500 | MyBookie Review | Visit MyBookie |
| BetUS | 125% up to $2,500 | $10/$2,499 | BetUS Review | Visit BetUS |
| BetOnline | $250 Free Bet | $20/$100,000 | BetOnline Review | Visit BetOnline |
| BetWhale | 125% Deposit Boost up to $1250 | $10/$2,500 | BetWhale Review | Visit BetWhale |
| TrustDice | 100% up to $90,000 | $1/No Max | TrustDice Review | Visit TrustDice |
How We Choose the Top Sites for Betting on F1
We review Formula 1 betting sites using key criteria to ensure only the best are recommended:
- Bonuses: Favoring sites with low rollover requirements and a variety of promotions to enhance your bankroll.
- Entertainment Features: Sites offering live F1 lobbies, prop builders, and interactive features get top marks.
- Safety and Security: Only platforms with advanced protection features like TLS encryption and 2FA make the cut, ensuring your data stays safe.
- Transactions: The best sites provide a wide range of payment methods and fast, reliable payouts, ensuring secure handling of your funds.
The Jackpot Meter
Our Jackpot Meter ranks Formula 1 betting sites through an objective system that aggregates expert and player reviews, assigning sites an overall rating of Jackpot Certified or Bust.
Certified sites tend to offer great bonuses, extensive F1 wagering options, and fast, secure payment methods. Those that are labeled Bust might not provide the same level of experience to motorsports betting fans, but they might still have something good to offer. So, do not disregard the straight away.
Signing Up at Formula 1 Betting Sites Online
After you’ve made up your mind on which site you’re going to use for betting on Formula 1, it’s time to sign up. Here’s a simple step-by-step guide on how it’s done.
Go to a good F1 sportsbook like Bovada, click the button saying “JOIN” and follow the on-screen instructions to set up your account. You’ll need to enter your personal details, like your address, telephone number, email, etc.
With some F1 sportsbooks, you can choose which bonus you’re going to claim. At Bovada, you can choose between the standard sign-up bonus and the one meant for crypto users.
Choose one of the supported banking options. If you’re signing up at Bovada, you can choose from Visa, Mastercard, Bitcoin, and several other methods. Pick one, enter your stake, and confirm your deposit.
With money and bonuses credited to your account, it’s time to start betting on Formula 1. Go to the “Motor Sports” section of the sportsbook and find the bet(s) you think are going to win. Enter your stake and place the wager.
If you end up winning money from Formula 1 betting, you can either continue doing the same or withdraw the funds. Keep in mind that payout methods often differ from those eligible for deposits, with Bovada letting you withdraw with cryptos and checks.
Best F1 Betting Tips to Help You Win
Now that you know where to bet on F1, it’s time to learn how to do it. Although there’s no clear path to winning in the world of online gambling, there are some rules you can adhere to in order to enhance your chances of winning.
We’ll now present you with a couple of those.
Study F1 Event History
Each race on the F1 calendar is different, with its own unique circuit. Some of them simply suit certain drivers, which is why it’s important to look at the list of previous winners. If someone’s won the race in the last three editions, it’s very likely they’ll do it again.
Look at the F1 Drivers’ Championship Standings
Take a look at the F1 Drivers’ Championship Standings to see how good each driver has been this season. The one sitting closer to the top is probably going to do better than the one close to the bottom.
This is especially true if they have a chance to move up in the standings with a good result in the upcoming race. For example, if Verstappen needs to win to secure the race, you can bet that he’s going to give his utmost.
Take Betting Odds Into Account
Oddsmakers do their job very well, so if someone is seen as a huge favorite to win the race, they’ll probably do it. We’re not saying this without proof – the evidence is that in four of the first five races of the 2024 F1 season, it was the odds-on favorite (Verstappen) who won.
Most Popular Formula 1 Events to Bet On
As of 2024, a single Formula 1 season features 24 races. However, not all of those are equally popular among fans, bettors, and even drivers. In the next section, we’ll present you with five F1 events that stand out from the rest.
Monaco GP – Monaco GP is an iconic street race in Monte Carlo, with a challenging circuit featuring tight corners and narrow roads. It’s one of the most unpredictable races on the F1 calendar, the evidence being that the 2024 Monaco GP was won by a +450 underdog.
British GP – This race has been around since the first-ever F1 season back in 1950. It’s held at Silverstone Circuit, where nearly 165,000 fans gather every year to watch the race in person.
Las Vegas GP – Added to the calendar in 2023, the Las Vegas Grand Prix has become an instant fan favorite. Run on a street circuit on the Las Vegas Strip, this event is a must-watch for every motorsports fan.
Singapore GP – The Singapore Grand is driven at night on a circuit located in the Marina Bay Area. It’s considered one of the most challenging and most dangerous races in Formula 1, with at least one safety car employed in every single race so far.
Abu Dhabi GP– For the past couple of seasons, the Abu Dhabi Grand Prix has served as the final race of the season. Naturally, this event is when we witness the conclusion of many storylines from the season.
Recent F1 Championship Winners
| Season | Winning Driver | Winning Constructor |
|---|---|---|
| 2023 | Max Verstappen | Red Bull Racing |
| 2022 | Max Verstappen | Red Bull Racing |
| 2021 | Max Verstappen | Red Bull Racing |
| 2020 | Lewis Hamilton | Mercedes |
| 2019 | Lewis Hamilton | Mercedes |
| 2018 | Lewis Hamilton | Mercedes |
| 2017 | Lewis Hamilton | Mercedes |
| 2016 | Nico Rosberg | Mercedes |
| 2015 | Lewis Hamilton | Mercedes |
| 2014 | Lewis Hamilton | Mercedes |
Gambling on Formula 1 Responsibly
Gamble responsibly to protect yourself from risks like addiction and financial loss. To achieve this, you can set limits on the time and money you wish to spend on this activity. Additionally, you can make use of tools like self-exclusion.
Check out our responsible gambling page to learn how to spot signs of problem gambling so that you can seek help if necessary. If you do end up in need of help, you can ask for assistance from the National Problem Gambling Helpline at 1-800-GAMBLER.
Start Betting on F1 Now
The best advice we can give you is to have fun while doing F1 betting. Explore different types of bets, back drivers you like, and bet against those you don’t.
Whatever you do, don’t forget about the money-making potential of F1 betting. By betting on the best odds and claiming the most attractive bonuses, your chance of winning big will skyrocket. This is why you should stick only to the very best Formula 1 betting sites, such as Bovada.
This site is our top pick overall, but there are plenty of others that you might like. MyBookie is great for props, BetWhale offers in-play F1 betting, and BetUS publishes race odds early.
Any of these sites are worth using, while you’re now equipped with F1 betting tips and other information that should give you a chance to win at whatever site you head to next.
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