Best F1 Betting Sites in the USA 2024

F1 betting has surged in popularity, with the 2023 season attracting an average of 1.1 million American viewers across 22 races. Because of this, numerous F1 betting sites now cater to motorsports fans, offering traditional wagers, live betting, props, and more.

This article explores the nuances of F1 betting, covering top motorsports betting sites, markets, live betting, key Formula 1 races, payment methods, legalities, and expert tips for maximizing profits.

The Best F1 Betting Sites List

With so many Formula 1 betting sites to pick from, each with its own pros and cons, which one should you choose and trust? Our gambling experts have selected the following online F1 betting sportsbooks as the best. Each of these offshore sportsbooks has its own focus service, offerings, and benefits. 

1. BetOnline – The Best Overall F1 Betting Site for 2024
2. Bovada – Huge Range of F1 Futures & Head-to-Head Match Bets
3. BetWhale – Moneyline Wagers for Every Grand Prix of the 2024 Season
4. TG Casino – Bet on F1 using the Telegram Messenger App
5. Everygame – A Sleek, Simple, and Fast User-Interface
6. MyBookie – Deep Grand Prix Prop Markets & Expert Analysis of Every Race
7. BetUS – Largest Welcome Promos in the Game; Wager on Formula 1 & Formula E
8. BetNow – Claim 2% Cash Rebates on Your Losing F1 Wagers
9. Sportsbetting.ag – Get a 25% Sports Reload Bonus on Each Deposit of $100+
10. XBet – Competitive F1 Betting Odds and Regular Specials

Best F1 Betting Sites Reviewed

We’ve reviewed the top sites for F1 betting from top to bottom so that you can better understand which platforms you should consider signing up with.

1. BetOnline – The Best Overall F1 Betting Site for 2024

In our learned opinion, BetOnline is the most credible, trustworthy, and easy-to-use F1 sportsbook available in 2024. Its credibility stems from its decades-long history of fair gambling, early lines, and timely payouts. In addition, the platform provides an exceptional user experience on desktop and mobile devices and is simple to navigate and understand.

When it comes to betting on F1, BetOnline offers sharp odds on every Grand Prix race of the season and various race markets to explore. In addition, you can place head-to-head wagers, where you simply back one driver to win vs. another. When using promotions, the bet credits stake is not included in your winnings, only the profit. Betting while the race is underway is also possible—just click the “Live Betting” tab and make your selection; however, if you’re returning from a hiatus, do note that the platform removed its F1 live-streaming capability in 2023. 

We are yet to see any F1-specific bonuses or competitions available at BetOnline. However, you can use the standard first deposit free bet bonus to boost your bankroll when you first sign up, and there are a variety of reload and crypto promotions that you can use to get extra cash to wager on Grand Prix races. 

 

2. Bovada – Huge Range of F1 Futures & Head-to-Head Match Bet

The Bovada Sportsbook is another online betting site with a credible heritage and decades of experience. It is very user-friendly, with an easy-to-navigate, no-thrills-attached layout that simplifies finding your markets and lines.

When it comes to F1 betting markets, Bovada probably has more depth than any other sportsbook listed in this guide, featuring extensive race markets for all major events. Players here can wager on the outcome of the Driver’s Championship and the Constructor’s Championship via F1 futures and place Over/Under bets on the number of seasonal race wins.

On race day, you can back the race winner on the moneyline or hit up the prop market to wager on the Top 3 Finish and driver/constructor head-to-heads. In addition, Bovada is one of the few platforms to take wagers on the qualifying rounds, allowing bets on how many thousandths of a second the winning qualifying time will be. Plus, if there is a line you want that isn’t listed, comment #WhatsYaWager on X.com and create your own!

Newcomers to this sportsbook can claim a standard and crypto deposit match welcome offer and then use that free money to wager on F1. A VIP program that awards points for bets made, which can later be converted into cash and prizes, is also available. However, there are no promotions specifically tied to F1 at this time. 

 

3. BetWhale – Moneyline Wagers for Every Grand Prix of the 2024 Season

A relative newcomer to the sports betting scene, BetWhale operates out of Amouran, Comoros. The platform impresses with its sharp, competitive odds across a stacked market of approximately 24 sports, depending on the season, and because of its excellent 50% Daily Boost promotion, which players can utilize on most sports wagers, including F1.

The betting options for Formula 1 aren’t as loaded as those found on rival platforms. Still, BetWhale does accept moneyline futures/outrights on all drivers for every Grand Prix on the racing calendar. Live betting is available, and the odds routinely rival the best found online. Aside from F1, US motorsports fans will be happy to learn that they can also wager on NASCAR. 

A further selling point of BetWhale is its vast selection of banking options. In addition to regular credit cards, players here can transact with Bitcoin, Litecoin, Solano, Ripple, BNB, and several other cryptocurrencies quickly, charge-free, and anonymously. 

 

4. TG Casino – Bet on F1 using the Telegram Messenger App

TG Casino Sportsbook is one of the best newcomers in the game and among the top choices for F1 betting as well. Exclusively available on Telegram, meaning you remain largely anonymous when playing here, this platform operates an easy-to-use and seamless betting interface. In addition, it’s one of the better sites for live betting, coming with fast-updating odds and quick navigation, which makes placing bets in real time as simple as possible.

Back to the motorsports, at TG Casino, you can back drivers to win Grand Prix races or come in the top 3. The odds aren’t as strong as at our No.1-ranked betting site, BetOnline, but multi-sport parlays are a feature. This means you can combine your F1 bets with moneyline wagers from any of the 30+ featured sports markets available – soccer, basketball, etc. In addition to the F1 racing lines, race fans will likely enjoy the variety of Indy and Stock Car betting options listed, and Rocket League esports events take place most days. 

On the more technical side, our favorite thing about this sportsbook is its unique $TGC token, which goes up in value over time. By converting your cash to $TGC when you deposit it from your wallet, you immediately begin to earn passive income that you can convert into rewards. 

 

5. Everygame – A Sleek, Simple, and Fast User-Interface

Everygame (previously ‘Intertops‘) has been taking wagers since way back in 1996 and remains a trusted platform for sports betting in North America. It has recently upgraded its live betting interface, with players now able to follow the action using multi-screen technology, and the volume of sports markets, props, and futures has been on the rise in recent years. 

Regarding betting on F1 online, players have access to futures markets for the Drivers Championship and Constructors Championship, plus competitive odds on the moneyline for every Grand Prix race of the Formula 1 season. A unique perk of the site is that it often shows public betting sentiment among its members on the bulletin board, so you can get a feel of how the masses view an upcoming event and either jump in or fade. 

Along with the standard and crypto deposit match welcome promotions, Everygame is a solid option for parlay bonus hunters. Players here can enter weekly parlay raffles and battle it out for extra cash prizes. 

 

Comparing the Best Sportsbooks

Let’s take a detailed look at the top-ranked sportsbooks and betting apps mentioned earlier and see how they compare.

F1 Betting Explained

Formula 1, or F1, is the pinnacle of single-seater motorsport racing. This category uses the latest engineering technology to produce the fastest track cars globally. Subsequently, these vehicles require the best drivers in the world to pilot them, and what you’re left with is a motorsports masterpiece. 

The sport is multifaceted, and the performance of a team or a driver is affected by many variables, for example, the skills of the driver, the performance of the pit crew, the performance of the car, the associated weather on race day, the decision making of the team principal, to name a few.

The race concept is simple: the cars are set off from a grid formation and are required to complete a set number of laps on the race circuit. The first car to finish is deemed the winner. Therefore, betting on this sport is as simple as its concept.

A bet could be made in the following ways: betting for the overall race winner, betting on certain drivers to finish in certain positions (3rd,5th,9th, etc.), betting on ‘head-to-head driver matchups, betting on which drivers will reach pole position (1st,2nd,3rd), and lastly, betting against which driver or racing team will finish in a certain position at the end of the race season (futures betting).

F1 Betting Markets

Take note of the different markets that you can use to bet online. This will certainly change your outlook and the way that you bet on Formula 1 moving forward.

Ante-post Betting Market

This betting market is very simple. Bets are placed well ahead of the race before the line-up of racers or other similar factors are announced or known. These bet types can be made a day, a week, or even months before the event.

Championship Winner

This market is for bettors who place wagers specifically for or against the overall winner of a particular F1 season. These bets are available throughout the season and even before it starts.

Constructors’ Championship

In F1, the Constructors Championship award is given to the best team of the season. This is measured on all races throughout the year and awarded to the team with the most points. The constructors’ championship betting market is simply based on this award, where bettors place wagers for and against which teams they believe will place in a particular rank at the end of the season.

Race Winner Markets

The race winners’ market is based on placing wagers against who they believe will win a particular race or, in some cases, finish on the podium.

How do F1 bets work?

F1 betting works in many ways. In terms of placing bets, one can do this through a variety of methods, including private betting pools, physical betting establishments such as casinos and sports bars, and online betting through sportsbooks.

Regarding placing F1 bets, there are many prevalent markets to choose from. So, here is a list of some of the more popular aspects of F1 to place bets on:

To-Win bets

Bets are placed on a particular driver to finish in first place in a specific race.

Podium Finish

Bets are placed on drivers to finish in the podium positions in a particular race; podium finishing positions are awarded to drivers who place 1st, 2nd, and 3rd.

Driver Matchups

These are wagers where two drivers are chosen, and the bet is placed between which driver will finish in a higher position than the other.

Proposition Bets

Proposition bets or ‘prop’ bets are simply wagers made based on the proposal of an event happening or not happening.

Pole Position

This bet is placed on whether a particular driver or team will qualify to start the race in the ‘pole’ position. This position is reserved for the driver who sets the fastest time in qualifying and allows them to start the race at the top of the racing grid.

Futures Bets

These bets are arguably the simplest. This wager is taken over which team or driver is predicted to be either the champions at the end of the season or land in a particular rank, based on the nature of the agreed wager.

Bonuses Available at F1 Betting Sites

All online betting sites and sportsbooks offer a range of enticing bonuses to reward their user’s involvement and loyalty. The most common bonuses include the ‘Match Deposit Bonus,’ the ‘No Deposit Bonus,’ and the ‘Free Bets’ bonus.

Match Deposit Bonuses

This bonus is usually offered to first-time users upon making their first deposit. The sportsbook matches your first deposit, giving you an extra boost to your balance. Plus, online sportsbooks often advertise this bonus before big games to attract users to their platform. 

Suppose you deposit $100 into the sportsbook account of your choice to bet on the upcoming F1 race. As it’s your first deposit on the sportsbook, a ‘matched bonus’ will match 100% of your first bet. This will result in you having a 200-dollar first-bet opportunity at the upcoming race. However, note that you may be required to wager at particular odds, generally +100 or above. 

No Deposit Bonuses

This bonus appears in several ways, but most regularly as a sign-up or loyalty incentive to long-standing users. In addition, online sportsbooks will use this to stimulate betting pools to attract more customers and create a more attractive betting environment for all users.

Consider the following a simple example of a ‘no deposit bonus.’ By signing up and creating an account with a certain sportsbook for F1 betting, you will receive $100 to use on-site. This gift from the sportsbook is given to you before you’ve deposited any real money into your sportsbook account. 

Free Bets

Online sportsbooks usually award this bonus to new customers or encourage loyalty or user participation at certain times. This bonus could also be considered a ‘boost’ to stimulate users to bet more.

A ‘free bet‘ bonus works in the following way. Like a ‘matched deposit’ bonus, the user can place a bet without the risk of losing money, essentially for free. The user places a wager with the amount granted with the ‘free bet’ bonus, say $50. If the bet is successful, the user will be paid out the winnings, and if the bet is unsuccessful, the user, for this wager, will not lose any of their personal finances.

Live Betting with Formula 1 Sportsbooks

The most common form of live betting on F1 today uses online sportsbooks, as in the examples discussed earlier. However, F1 live betting can also occur in other settings, such as private betting clubs, wagers between friends, or sports bars and casinos.

Live F1 betting in casinos and sports bars is rare. It is often not the preferred method amongst consumers as the maintenance of tracking bets and fairly measuring accurate results becomes more complicated. In most cases, some type of online software, like what you would find on online sportsbooks, is used to keep track of all the information.

As mentioned, the most popular method for F1 live betting is the BetOnline online sportsbook. Here, your bets and wagers happen in real time, and the event’s security is guaranteed to a greater extent. Furthermore, while accessing the online sportsbook, you can view detailed race statistics to aid your wagers. 

Biggest F1 Races to Bet On

The biggest races in F1 to bet on are measured by the highest opportunity to profit. Amongst F1 betting enthusiasts, these races are chosen by factors such as their location, potential viewership, and position in the racing year. Here are four great Grand Prix events to keep an eye on:

Bahrain Grand Prix

Although this race is not the most popular in terms of viewership, it is the first race of the season. There exists a maximum opportunity for a surprise at the first event; the drivers are extra nervous, the teams and drivers are still working out their vehicles, and the scoreboard is empty. Regarding an opportunity to place wagers, it’s a gambling paradise.

Monaco Grand Prix

The Monaco Grand Prix has it all: prestige, viewership, and unpredictability. This race is undoubtedly the most prestigious event of the year, and it takes place on a legendary circuit through the streets of Monaco. The circuit is notoriously difficult on drivers, their vehicles, and pit crews, which provides good opportunities and interest for F1 gambling enthusiasts.

Italian Grand Prix

The Italian Grand Prix is important for several reasons. The race takes place towards the end of the season, when teams are exhausted from the long year and simultaneously battling away for important results to finish the season strong. The event also occurs on a prominent circuit, known for its few corners and long straight, often delivering unexpected results.

Abu Dhabi Grand Prix

The Abu Dhabi Grand Prix is the final race of the season and one of the year’s most anticipated events. Here, the season champions are crowned, and the final results are locked in. For betting enthusiasts, this is their last and final shout; wagers will often be placed on this event well in advance, and it’s the last opportunity of the year to cash out on F1 betting.

Miami Grand Prix

One of the newer circuits on the F1 calendar, the Miami Grand Prix’s inaugural race was in 2022. Still, it has rapidly become one of the most popular events, drawing in huge crowds of US and global celebrities. Red Bull’s Max Verstappen came first on the Miami podium in 2023, with a record-breaking 1.96 million American viewers tuning in to watch. 

Is F1 Betting Legal in the US?

Betting on F1 in the USA is legal in some states and illegal in others, depending on the laws and regulations. The same applies to F1 betting online, as it’s entirely up to the state gambling laws on online sports betting. 

In the states where online betting is legal, all sportsbooks’ offerings are allowed, and most have approved all the betting opportunities you would expect from a sportsbook (Parlay’s, Props, Live, Futures, etc.). 

Payment Methods Available at F1 Betting Sites

All F1 betting sites (sportsbooks) offer a multitude of different options. Some smaller sportsbooks offer fewer and often lesser-used payment methods, while the more prominent betting platforms offer an array of payment methods. 

Traditional Payment Methods

Traditional payment methods still exist to fund your sportsbook account. However, with the addition of newer options, such as e-wallets and crypto, traditional methods have become less and less used. Conventional methods include a physical cash deposit, submitting a written check, credit/debit card, or electronic transfer. 

The decrease in the popularity of traditional payment methods is mostly due to the withdrawal protocols that many online sportsbooks employ. In most cases, withdrawals must proceed through the same method as the original deposit. However, this can take considerably longer if done via a cash deposit or written check.

Cryptocurrency

Though less commonly available at native US sportsbooks (for now), banking with cryptocurrencies is entirely possible when you register with offshore brands like BetOnline and TG Casino. 

Cryptocurrencies, like Bitcoin, operate on decentralized networks based on blockchain technology. Because of this, deposits and withdrawals are usually quicker, and players can make anonymous transactions. In addition, besides occasional, very light mining charges, there are fewer fees associated with crypto banking at online sportsbooks, meaning you get slightly more bang for your buck. 

E-wallet Options

E-wallets are a very popular option for F1 betting enthusiasts. e-wallets offer a safe and easy-to-use option for funding your sportsbook and a secure way to withdraw funds. With online security being front of mind for many internet users, particularly those depositing and withdrawing funds from online sportsbooks, e-wallets offer an extra layer of protection and, ultimately, a hassle-free payment experience.

PayPal, Skrill, and Neteller are good examples of e-wallets, as well as some of the more popular and trusted e-wallets. However, there are a few other trusted e-wallets that betting sites accept; these include EcoPayz, Ukash, iDeal, UnionPay, Giropay, Euteller, Entropay, Entercash, ClickandBuy, and Astropay. So, as you can see, there are many options, and it’s mainly up to the user to decide which option to go with.

Conclusion

It’s incredibly easy to get caught up in the many available options when considering opening an account with an online sportsbook and beginning your F1 betting journey. Always remember to sign up at reputed and widely used sportsbooks. Hence, we recommend platforms like BetOnline, which are highly rated and popular among F1 bettors in the USA.

Platforms like BetOnline provide a wealth of F1 betting options and a range of fiat and crypto promotions for those looking to back Hamilton, Verstappen, and Co. at every Grand Prix event of the season. The customer service is prompt and effective, and our experts also rank this sportsbook No.1 regarding value on the F1 odds. 

F1 Betting FAQs 

Can you bet on F1?

As F1 is one of the world’s most popular and watched sports, it has attracted a big audience of sports bettors worldwide. The sport of F1 is multifaceted, with many different drivers to choose from, teams to consider, and races to bet on. In addition, there are many betting service providers to choose from. You can bet in your own private capacity, through brick-and-mortar establishments, or through online sportsbooks.

Is F1 betting profitable?

Betting on F1 can be highly profitable; however, as it is with all gambling, extremely risky. You have as much chance to lose money as you do to make it. Nevertheless, many F1 betting enthusiasts globally have made a great fortune, while many more have yet to see a return. In the gambling world, theoretically, someone must be losing money for someone else to win it. Regarding F1 betting, in particular, the sheer size of the F1 betting world can clearly indicate how profitable it is. With many betters staying and many new betters entering the field, the space of F1 betting is lucrative enough to keep attracting budding hopefuls while maintaining the profitable enthusiasm of its existing customer base.

How do I bet on F1 online?

Betting on F1 is not as complicated as it used to be. There are many methods that you can use to cast your wager. For example, you can bet through brick-and-mortar establishments like casinos and sports bars or place your bet virtually through online sportsbooks.

Problem Gambling Resources

Betting on Grand Prix races is meant to be a fun pastime; however, never wager money you can’t afford to lose and avoid chasing losses. If you or someone you know is struggling with gambling addiction, the resources listed below provide support and assistance.

• GamTalk
• Gam-Anon
• National Council on Problem Gambling
• Gamblers Anonymous