Best F1 Betting Sites for 2024: Top Sportsbooks & Apps

F1 bets are quite straightforward. They include:

• Moneyline on the driver — wager on which driver will win the race

• Moneyline on the team — bet on a team to win the race

• Combined bet — bet on the 3 drivers that will end in the top 3 positions

• Parlay — bet on both a driver and a team to win the race in a single bet

• Live bets — some betting sites allow you to place bets during the race

Even though it seems like the betting options are limited, F1 bets are a great choice when you want to place a simple bet, without too many combinations, just like prop bets.

All these sites for betting on F1 are not just that. They’re complete sportsbooks offering various sports and bet types. To operate in the US, a sportsbook has to be licensed - more specifically, it must be licensed in each of the states where it’s offering its services. And while we can’t guarantee for all F1 betting apps and sites, the ones we’ve recommended are licensed and regulated by their respective state of operation.

F1 sportsbooks can legally offer betting on F1 events in all US states where sports betting is legal as long as they have a valid license issued by the regulatory body in the state they operate. But for a platform to be legitimate, it needs to meet some other requirements. So, the F1 betting sites on this list implement various security protocols, collaborate with secure payment methods, and have land-based partners that offer retail betting. In short, all our recommendations are legitimate F1 betting sites.

Most US sportsbooks require a promo/bonus code from users who want to claim the offer. Luckily, these codes are readily available on the official website, but it’s important to remember that you’ll need to enter the bonus code during the registration process. So, before you sign up for an F1 betting site, look for the bonus code and apply it when creating your account.

Most bonus offers have wagering requirements. Bettors are usually required to either place the entirety of the bonus as a single bet at specific odds or place several bets with the bonus funds, also at certain odds. If the bettor doesn’t respect this requirement, the wager won’t count towards fulfilling the requirements and the bonus funds might fall through.

Promotions and bonuses are time-sensitive, meaning they have to be used within a certain timeframe. Usually, the bonuses are valid for a week or two after being claimed. So, the bettor will have to fulfill the wagering requirement before this period expires or the bonus becomes void.

Just like F1 sportsbooks have a Terms and Conditions policy for using the website, they also have T&Cs for using the bonus. Before claiming a bonus, you should always read through these, so you’ll know what to expect. In most cases, the T&Cs stipulate that the bettor can’t keep the bonus funds after they’ve wagered them — they only get to keep any potential winnings. So, reading the T&Cs is essential for anyone who plans on claiming a bonus.

After you’ve registered at BetMGM and before you claim a bonus or place your first bet, you’ll need to make a deposit. The depositing process is simple — you just need to follow these steps:

When you’re betting on F1 — or any other sport for that matter — at BetMGM, there’ll come a time when you will have accumulated some winnings. The next step is to withdraw your winnings — the process goes as follows:

The most important thing about each sportsbook is whether it’s legal in the state where you’re residing. If it’s not legal, look for alternative options, i.e. sportsbooks that are legally operating in that particular state. There’s always the possibility of using a VPN to change your location, although we would advise against it, as that goes against sportsbook regulations.

Good betting sites are preceded by their reputations. Look for sites that have been operating on the US market for a few years, but also look for licensing. An online bookmaker has to be licensed by the responsible government regulatory body in the state/s where it’s operating. Other indicators of safety are SSL encryption and 24/7 customer support.

Payment and payout speed is another key factor. With most F1 bookmakers, deposits are instant or take up to 30 minutes in extreme cases. Withdrawals take longer, considering that they have to be approved first. Each sportsbook has a different processing time and the optimal range is between 24 and 72 hours, but the total payout time will also depend on the chosen payment method.

Other than the instant deposit time, the variety of deposit options is also a deciding factor when choosing a site. Renowned betting operators accept different types of payment methods, including credit and debit cards, e-wallets, online banking methods, and prepaid cards. When it comes to depositing options - the more, the better.

The F1 betting options at online sportsbooks are featured either in a separate category or under Motor Racing. Here, any ongoing or upcoming Grand Prix should be featured, with options to place moneyline bets on the winner (driver or team) or combine more bets into a parlay. The possibility to bet Live on the Grand Prix is always a welcome addition, so look for sites that offer this as well.

The F1 bonuses are usually general sports bonuses that can be used for betting on F1 events. The most common offer is the Welcome Offer; to qualify for this, bettors need to make at least one deposit and one wager and fulfill the offer’s wagering requirement. Most sportsbooks require a bonus code for claiming these offers.

Some F1 betting sites may charge fees for using the platform and for depositing and withdrawing. However, the sportsbooks we’ve recommended don’t charge any fees, so bettors get to wager with the full amount they deposit and withdraw the entirety of their winnings — the sites don’t charge anything.

The website interface should be easy to navigate and the process of placing bets simple, making the experience as user-friendly as possible. Another important aspect is mobile optimization — the website should be optimized for use on mobile devices and a dedicated mobile app is an added bonus, especially if there’s one for both Android and iOS.

Each sportsbook has its own Cashier policy and a Terms and Conditions policy. These may vary significantly from one F1 betting site to another, so before you sign up for an account and agree to these policies, read through them and see whether the platform’s requirements align with your expectations.