If you’ve been watching the newest season of Drive to Survive on Netflix and are looking to make a bet on your new favorite F1 racer, then look no further for the best sports betting sites and apps for Formula 1. After reviewing over 25 sportsbooks for their F1 betting options and the overall quality of the betting app, I’ve narrowed the list down to the best five sportsbooks for F1 betting.
The article below discusses each sportsbook, our rating process for betting apps, how to get started, and the types of Formula 1 bets, events, and strategies. Ultimately, we intend to answer the big question: which app is the best for F1 betting?
Each sportsbook listed also features welcome bonuses exclusive to our links and promo codes (if applicable), so be sure to click the link and use the bonus codes during registration to get the most out of each one!
5 Best Apps for Betting on Formula 1 January 2023
Below is a curated list of the five best F1 betting sites and apps in the United States. Each sportsbook has been carefully reviewed for its quality of betting odds, betting markets, user interface, types of betting, and welcome bonuses.
#1 PointsBet Sportsbook
The PointsBet Sportsbook comes at the top of the list because of its competitive odds, phenomenal user interface, a plethora of betting options, and the best new customer bonus. PointsBet is partnered with NBC Sports and gives users a lot of extra features, including live stats and streams for each event, allowing users to do research before placing a qualifying bet or for users to make an in-play bet while watching their live streams.
Pointsbet features F1 bet types such as futures markets, fastest lap, pole position, winning team or racer, and so many more! Many F1 betting apps feature these bet types, but PointsBet is a level above because of their great initial bonus and streaming options.
Best Quality: Best welcome bonus
Welcome Bonus: 2 risk-free bets worth up to $2,000
Promo Code: GUSA
#2 DraftKings Sportsbook
DraftKings is next as it always needs to be in the top three for any list ranking online sportsbooks. DraftKings has one of the best mobile apps that feature exclusive enhanced odds, the best base odds in the industry (without bet boosts), and resources like live stats and updates similar to those on PointsBet and others.
DraftKings is one of the best betting sites in general for not only F1 betting but other sports as well, including NFL football, which was the sport that DraftKings started in 2012 when making their original website, DraftKings Daily Fantasy Sports. The DraftKings DFS (daily fantasy sports) gambling site was so popular that it has since become one of the best online sportsbooks in the United States.
Best Quality: Best betting odds
Welcome Bonus: 20% deposit bonus worth up to $1,000
Promo Code: N/A – Use Links
#3 FanDuel Sportsbook
FanDuel was the first DFS website where users could win money in the United States and, similar to DraftKings, has deep roots as online bookmakers since the legislation change in 2018 that allowed online betting to be legal. FanDuel is another sports betting app that must always be in the top five contention because of its number of betting markets, choices, and in-play betting.
F1 betting on FanDuel is prevalent because of the sheer amount of betting choices that may not be found on other mobile betting apps. FanDuel’s motto is to provide its users with the most bets possible, and it even has a feature allowing users to submit their bets on anything they can think of (subject to review, and FanDuel will provide the odds).
Best Quality: Most betting choices
Welcome bonus: $1,000 risk-free bet credits stake
Promo Code: N/A – Use Links
#4 BetMGM Sportsbook
BetMGM is, of course, the product of MGM Resorts and Entertainment, a name synonymous with gambling in the United States because of its deep roots in casinos and hotels in Las Vegas, Nevada. BetMGM is the betting site and app affiliated with MGM. It features the best user interface of any app I’ve ever used.
The app seamlessly integrates with the sports betting experience and can be changed to fit every individual’s betting preferences. F1 betting on the BetMGM betting app is also featured heavily as popularity for the sport is on the rise in the United States due to not only the Netflix series surrounding the sport but also because of the phenomenal stars in the game today like Max Verstappen and Lewis Hamilton.
Best Quality: Best of the mobile betting apps
Welcome bonus: $1,000 risk-free bet credits stake
Promo Code: GAMBLEUSA
#5 Caesars Sportsbook (by William Hill)
In 2020, William Hill, one of the world’s top online bookmakers, rebranded to a more household name of Caesars Sportsbook in the United States. Caesars Entertainment, similar to MGM Entertainment, is deeply rooted in the gambling industry throughout the country and has propelled the sportsbook into one of the most successful in the industry.
Similar to FanDuel, the Caesars Sportsbook looks to give users the most betting choices possible by giving them every sport and event they could want. While FanDuel has the edge on a total number of bets, Caesars offers more markets allowing users to place wagers at almost any point in the day.
Best Quality: Most betting markets
Welcome bonus: $1,250 first bet on Caesars + 1,000 Reward Credits® & 1,000 Tier Credits
Promo Code: MUBFULL
Formula 1 Betting Apps Rating Process
The F1 betting apps above were rated based on individual characteristics to determine how they stack up against the competition. The characteristics are described in detail below for their relevance to Formula One racing and the betting app or desktop site in general.
The betting odds of a wager is one of the most critical aspects of finding the best online betting sites. The reason that it’s important is that users should focus on finding the sportsbook with the highest return from a wager to win the most money possible.
While often the odds difference is very minimal (especially with the list above), it stacks up over time, especially on larger bets or parlays.
The user interface of F1 betting apps is essential because, with so many sports and markets available, users can easily be overwhelmed if the app isn’t organized and well laid out. How are you supposed to place a bet if you can’t even find the F1 betting page?
When rating a user interface, it’s essential to look at the home page and tab set up, getting a feel for the layout and different pages. Most sportsbooks do this incredibly well, so if you’re unhappy right from the bat, ditch it and find the one that works for you.
Types of Bets Offered
The options offered on each sportsbook are essential to their overall rating because a sportsbook with only moneyline bets isn’t much fun. Similar to user interfaces, most sportsbooks offer plenty of options for betting, so don’t sign-up for betting-limited sites.
The sportsbooks above all yield hundreds of ways to bet each day, including in-game betting, props, and futures markets for F1 betting.
Because Formula 1 isn’t one of the top four sports in the United States like football betting, basketball, baseball, and hockey, sportsbooks aren’t guaranteed to offer this market. Any good sportsbook will offer F1, and all of the ones on the list above have an average of 16 different sports available.
Welcome offers are vital because they help you build a bankroll before starting. These bonuses come in different shapes and sizes such as risk-free bets, deposit matches, or free bets with a different initial bonus amount.
Remember, you’re allowed to sign up for as many sportsbooks as you’d like, so be sure to get the best initial bonuses to boost your account, which will allow you to do more F1 betting.
Getting Started with Formula 1 Betting
If you want to get started with any F1 betting apps, read this section below to get more information on the download and registration process.
Downloading the App
First, you’ll need to go to the Apple App Store or Google Play Store and search for the sportsbook of your choice. Some sportsbooks will have separate apps for different states, a daily fantasy sports option, or a casino option, so be sure to download the right app.
Once the app is downloaded and installed, you’ll be ready to register for an account, which can be done on the app or through the website.
The Registration Process
Once you’re ready to register for an account, you’ll need to click the log in button in the top right corner of the screen, then click create an account, which will bring you to a screen to enter some of your personal information. This information will verify your identity and age so be sure you meet the requirements to create an account.
The following personal details will be required on most online sports betting sites:
- Full name
- Date of birth
- Home address
- Email address
- Phone number
- Last four digits of your SSN
Don’t worry about your personal details; they are safe if you’re using a legal online sportsbook (like all of the above). Legal sportsbooks are licensed by local state gaming commissions and are forbidden from selling your information.
Formula 1 Betting Types
Formula 1 has several different types of betting that can be placed on individuals or teams for much more than just winning the race! Below is an in-depth explanation of the different types of bets available for F1 betting.
Betting on a race winner is the same as betting on the moneyline, simply placing a bet on which driver will win. Because there are 20 different drivers and ten different race teams, these odds can be tremendous for the big underdogs.
Racer to Finish Top 6
Instead of a spread, F1 betting apps feature a finish in the top six options that allows users to bet on the race leaders, but not necessarily the winner. Of course, the odds will be less than the winner, but bettors will have a better chance of winning if they bet this way.
Prop bets on an F1 race are essentially a bet on whether or not a specific thing will happen, such as which drivers earn a points finish, meaning finishing in the top ten. Other prop bets can be placed on a driver to win the fastest lap, fastest pit stop, the winning constructor, or whether or not the safety car will have to make an appearance on the field, meaning that there was a crash throughout the race.
Odds will vary based on the likelihood of the outcome like all bets, however, prop bets like the winning constructor (like Mercedes or Red Bull), and safety car appearance are great to use as a hedge because they’re easier to win!
Live betting occurs during the race and will feature different odds based on the current outcome of the event! Live betting is more limited than pre-event betting and will generally only feature race winner, finish top 6/10, and fastest lap.
If you decide to place qualifying bets, you’ll put a wager on the moneyline for a driver to win the fastest lap and the pole position. There are also over-under bets available on the top sportsbooks for a specific driver’s fastest lap, meaning a time will be given and you’ll have to choose whether or not the driver will beat that time.
Future markets are bets made on the future of either a team or driver throughout the season. These season-long bets can be on events like who will win the Drivers Championship or Constructors Championship, both season-long events.
Formula 1 Betting Apps with Free Bets
As I said above, always be sure to get the most from your sportsbooks through their initial bonuses and bonus codes! Every sportsbook has a bonus for new customers, and there are no limits to how many sportsbooks you can sign up with, so be sure to get the most out of your gambling!
Most sportsbooks have a risk-free bet bonus, allowing new users to place their first bet without worrying about losing. If the first bet loses, you will receive your money back in free bets based on the amount you placed (each sportsbook will have a different max qualifying bet stake). PointsBet has the best new customer bonus for risk-free bets out of all F1 betting apps because it offers not one but two risk-free bets worth up to $2,000.
Deposit matches are another form of new customer bonus that gives users free bets based on a percentage of their initial deposit. DraftKings has the best deposit match, giving users a 20% deposit match worth up to $1,000.
Formula 1 Events and Tournaments to Bet On
F1 events unfortunately don’t adhere to the same scheduling as many other sports, so the timetable is a bit different. You can view all upcoming events taking place between August and November every year on the official F1 website.
Formula 1 Betting Strategy & Tips
F1 betting is much different than betting on most sports only between two teams or individuals, so your betting strategy must reflect that. Below I’ll provide a few tips on preparing for an F1 wager and strategies to help you win more and lose less, which can be done by hedging your bets through playing the field.
First things first, DO YOUR RESEARCH! That’s the best tip anyone can give you when it comes to sports betting because in-depth knowledge of the event and competitors are what will help you draw a more straightforward conclusion.
You’ll want to first look into different drivers’ histories on the course they are competing on and their recent race history. These are two strong indicators of a driver’s performance; however, you should check more factors like weather conditions and pit crew news to cover your bases.
Next, you’ll want to keep up with different blogs by sharps through resources on sportsbooks like PointsBet or DraftKings that have a forum for users to share picks and follow sharps. These resources and keeping up with the sport religiously will help you make the most educated decision possible.
F1 betting is still gambling, so it won’t always go your way; however, a few hedging strategies can allow you to either win more or recuperate some of your losses more on average. The two main strategies I focus on using happen at different times, one for pre-event betting and the other for live betting.
The first strategy is pre-event betting, meaning these bets should be placed before the race begins. Because F1 racing is a volatile sport, it’s best to bet on multiple drivers, and they don’t all have to be to win the race.
Only three drivers have a shot at winning the race, so it’s best to hedge a few of your risky race winner bets with a few locks to place in the top six or even just the top 10 (this is also where prop bets come into play). By doing this, you allow a few likelier bets to hit to allow you bigger swings on the wagers with better odds.
The live betting strategy is similar; however, it is a bit riskier but can yield more profits if done correctly. You’ll need to watch the event live to perform this strategy well; however, you’ll want to look for racers who are underperforming early and bet on them to make their comeback for increased odds.
Again, don’t put every bet on the driver to win, but pepper with some finish in the top sixes to get a solid field of good bets before taking a swing for the fences.
Real Money Formula 1 Betting Apps FAQs
Is Formula 1 betting legal in the US?
Yes! Since federal legislation changed in 2018, online sports betting in the United States is entirely legal and sanctioned by your local state gaming commission!
Which is the best betting app for Formula 1?
My favorite would have to be the PointsBet Sportsbook because of their great welcome bonus and resources; however, any of my top five in the article above are all great and in a tier above the rest.
How much is the minimum I can bet on Formula 1?
The minimum amount a person can wager when betting online varies by the sportsbook, however, it is typically between 50 cents and $5.
What is the best offer for Formula 1 betting?
The best offer for new customers is the two risk-free bets worth up to $2,000 from PointsBet Sportsbook because it’s double the industry standard!
Click the link and use promo code “GUSA” during registration to claim this exclusive reward!
Is it better to use desktop sites or mobile betting apps?
Whatever is most comfortable for you! The desktop version gives users almost everything that mobile betting apps do; however, using your mobile device will sometimes come in handy because many sportsbooks feature exclusive mobile promotions like odds boosts or risk-free bets.
Will the app be able to run on my mobile device?
It depends on the app and what kind of mobile device you have! When downloading F1 betting apps from either the Google Play Store or the Apple App Store, click the app details to see the system requirements, including minimum operating systems and storage amount needed.