Best F1 Betting Sites & Apps in 2023

We’re in the midst of the F1 season and there’s still time to place bets at one of the many F1 betting sites. We know that Formula 1 has become extremely popular among sports bettors, so we sought out to find the best F1 betting sites on the market. In this article, we’ll run through the list of our top F1 sportsbooks and show you how to claim one of the welcome offers to begin your F1 betting journey.

Top 5 F1 betting sites

In the table below, you can see the best F1 betting sites in our eyes, along with the welcome offer provided by each of them. In one of the following sections, we’ll explain our evaluation process in detail.

F1 betting sites

This section features our analysis of all of the best F1 betting sites. We’ll walk through all of the features that make these sportsbooks great and teach you about the welcome offers available for new customers.

#1 FanDuel F1

The superb mobile app from FanDuel Sportsbook makes it an excellent choice for Formula 1 betting. Its user-friendly interface allows for effortless navigation among the various tabs, and the pages load with impressive speed. This feature becomes crucial during live betting when quick actions are essential to place your bets while the race is ongoing. In addition, FanDuel has built a strong reputation as a secure and trustworthy F1 sportsbook, having been a prominent player in the industry for over a decade.

FanDuel welcome offer

FanDuel’s enticing offer for new customers includes a $100 bonus bet reward when they place their first qualifying bet. To meet the requirements, all you need to do is wager $5 on any available market at FanDuel. After placing the bet, you’ll receive the $100 bonus in bets, regardless of whether your initial bet wins or loses.

Why you should bet with FanDuel

• Bonus bets are guaranteed
• Wide variety of deposit methods
• Daily Same Game Parlays with odds boosts

What states is FanDuel available in?

AZ, CO, CT, IA, IL, IN, KS, LA (permitted parishes only), MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, or WY

#2 BetMGM F1

Our experts highly commend BetMGM for its extensive selection of betting markets, which includes F1. BetMGM impressively covers markets for races, as well as F1 World Championship Odds. Furthermore, the live betting market provides an excellent opportunity to place bets while the races are underway, adding to the overall appeal of the platform.

BetMGM welcome offer

The BetMGM new-user promo presents an opportunity to receive a generous sum of up to $1,000 in bonus bets, making it one of the most substantial rewards in the market. With first-bet insurance included, you are assured of receiving bonus bets equal to your initial wager in case it doesn’t win. If your first bet loses, the promotion guarantees full reimbursement of up to $1,000 in bonus bets.

Why you should bet with BetMGM

• Huge selection of betting markets
• Easy-to-use mobile app
• Rewards program that allows for discounted stays at MGM Resorts in Las Vegas

What states is BetMGM available in?

AZ, CO, IL, IN, IA, KS, LA, MA, MD, MI, NJ, OH, PA, TN, VA, WV, and WY

#3 Caesars F1

Caesars Sportsbook is among our best F1 betting sites largely due to its frequent odds boosts, including odds boosts on Formula 1 races. There are many sportsbooks that offer odds boosts on the major sports, but not all handle F1 with the same level of coverage. For example, there is an odds boost on a parlay for the upcoming Belgian F1 Grand Prix that could lead to a big payout.

Caesars welcome offer

The Caesars welcome offer is one of the largest sign-up bonuses in the sports betting industry. By entering promo code PICKSWISEFULL, you can receive up to a $1,250 bonus bet. Once you sign up, make a deposit of at least $10 into your account and place a wager of up to $1,250. If that bet loses, you will receive a bonus bet back equal to the amount of your losing wager. In addition, you will also receive 1,000 Tier Credits and 1,000 Caesars Reward Reward Credits ® as part of the welcome offer.

Why you should bet with Caesars

• Fantastic rewards program
• Massive selection of daily odds boosts
• One of the biggest new-user promos of all F1 betting sites

What states is Caesars available in?

AZ, CO, IA, IL, IN, LA, KS, MA, MD MI, NJ, NY, OH, TN, VA, WV or WY

#4 DraftKings F1

DraftKings is one of the most popular sportsbooks in the country, so it’s no surprise to see it on our list of best F1 betting sites. DraftKings initially became popular as a Daily Fantasy Sports (DFS) company and eventually transitioned into a sportsbook where it increased its popularity. DraftKings makes significant investments to maintain the safety and security of all transactions, so you know your personal information and banking details are safe when you join DraftKings.

DraftKings welcome offer

The DraftKings welcome offer stands out for its guaranteed rewards, regardless of the outcome of your first bet. Once you make a deposit and place a $5 wager at DraftKings, you’ll immediately receive $150 in bonus bets as soon as your first bet is settled. The best part is that it doesn’t matter if your initial bet wins or loses, as the “Bet $5, Get $150” promotion ensures that you’ll receive the bonus bets regardless of the result.

Why you should bet with DraftKings

• DFS offerings in addition to sportsbook
• Live-streaming capability
• Strong referral bonus for existing users

What states is DraftKings available in?

AZ, CO, CT, IA, IL, IN, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WY (18+) or WV

#5 BetRivers F1

BetRivers Sportsbook burst onto the sports betting scene in 2019 and quickly gained popularity among bettors due to its great welcome offer. It has since earned its place as one of our best F1 betting sites, primarily due to its competitive odds, the user-friendly nature of its mobile app, and the ability to cash out your wager while the game or race is in progress.

BetRivers welcome offer

BetRivers extends a generous deposit bonus to all new customers, presenting them with a 2nd Chance Bet that holds the potential of up to $500 in bonus bets. The promo operates by granting you a second opportunity if your initial bet does not win. You can place a bet of up to $500 on any market available at BetRivers and if it happens to lose, you will receive bonus bets equivalent to the amount of your losing bet. To unlock the 2nd Chance Bet, simply enter the bonus code SPORTS while completing the registration process.

Why you should bet with BetRivers

• Cash out feature while a bet while in progress
• Exceptional customer support
• Large selection of prop markets

What states is BetRivers available in?

AZ, CO, CT, IL, IA, LA, MD, OH, MI, NJ, NY, PA, VA, IN

How we rate F1 sportsbooks

We used several criteria when conducting our review of the best F1 betting sites, most obviously the availability of Formula 1 markets. All of our top F1 sportsbooks not only offer various markets for F1 betting but there are a number of markets available. There are many sportsbooks in the industry that offer great betting experiences on the major sports, but not all provide the same level of attention for niche sports such as F1. 

We found that all of our best F1 betting sites treat Formula 1 as a popular sport by offering pre-race odds, futures odds, and even prop markets. We also looked at the live-betting markets for F1 races and came away very impressed with the sportsbooks on our list.

How to sign up with a F1 sportsbook online

To join any of our favorite F1 betting sites, follow the guide below. There may be certain differences among each of the F1 betting sites, but they all follow the same general sign-up process.

1. Utilize any of the provided links in this article to sign up with any F1 betting site.
2. Fill in your details to complete the registration process.
3. Pick a username and password for secure access to your account.
4. Claim any available new-user promos by following the specified terms and conditions.
5. Deposit funds into your account using any of the available deposit methods.
6. Place your first bet on F1 and enjoy the race.

How to choose a sportsbook for F1?

Since Formula 1 is more of a niche sport, F1 bettors are looking for a betting site that provides the best experience. As mentioned earlier, each of our F1 betting sites not only have available odds for F1 races but there are secondary markets as well. For example, many of the F1 betting sites feature a number of futures markets and some even have prop markets available such as the Winning Nationality, Fastest Lap, and Odds for drivers to finish on the podium. You might be surprised at how many markets are available for F1, so be sure to check out all of our best F1 betting sites.

Which F1 betting site provides the best odds?

The F1 betting site with the best odds depends on the market you are betting on. For example, one F1 sportsbook may have the best odds for a certain driver, while another may have the best price for another market. You’ll also want to check which odds boosts are being provided by the various F1 betting sites, as those could vary significantly. All of the F1 betting sites in our article are great options for Formula 1 betting.

Are these F1 sportsbooks legal and legit?

Yes, all of the F1 betting sites featured in this article are completely legitimate and operate within the boundaries of the law wherever sports betting is legal. If you are 21 years of age or older and reside in a state with legalized sports betting, you are eligible to sign up with any F1 sportsbook. Refer to the sections above to find out which sportsbooks are available in your state and start your betting journey.