Formula 1 is the highest class of international racing for single-seater, open-wheel formula racing cars. Its roots can be traced back to the 1920s and 1930s European Grand Prix championships, but the foundation of the sport didn’t start until 1946 when the Fédération Internationale de l’Automobile (FIA) standardized the rules. This birthed the first World Championship of Drivers in 1950.
Today, Formula 1’s global fanbase has grown, exceeding 750 million, making it one of the most popular sports worldwide. Iconic races, like the Monaco Grand Prix, known for its challenging street circuit and glamour, attract millions of viewers annually. Likewise, legendary teams such as Ferrari, Mercedes, and Red Bull have shaped the sport’s history with their innovation and dominance on the track. Drivers like Lewis Hamilton, a seven-time world champion, and Max Verstappen are known to continue to push the boundaries of the sport, fascinating fans with record-breaking performances.
VIP programLive gamesMany bonusesWelcome offersFast payouts24/7 supportEasy to useGreat markets24/7 support
Players from United States accepted 
Whether you’re an experienced punter or just starting out, I’ll guide you through the best F1 betting sites, showing you their unique features, promotions, and tips/tools to bolster your betting experience.
Formula 1 is one of the world’s most popular sports, so it shouldn’t surprise anyone that it’s also well-covered by most online bookmakers. Although many bookies accept wagers on this sport, the trick is to know how to find the best one.
Easy to useMany sportsCash outVariety of oddsMany bonusesCash out25+ sportsSuperb bonusesEasy to use24/7 supportWelcome offersMobile appsMany bonusesFast payoutsPrematch lineWelcome offersEsports marketLive streamingGreat bonusesEsports offersCash outGreat supportMobile appsLive bettingPrematch lineHigh oddsMany bonusesWelcome bonusesUnique bet typesMultiple betsIf you prefer setting stakes on the go, consider finding bookmakers with native mobile apps. Even though you can easily bet on races via a responsive website, a mobile app is far more convenient to use.
Unlike mobile websites, a mobile app is stable, works faster, and offers a much better user experience. Moreover, you’re not limited when using an app with all the features found on the desktop version, including all markets and live betting.
Some betting sites even have special promotions for mobile apps, so even if you’re not exclusively a mobile bettor, that’s an added benefit.
The legalization of sports betting in the US took off in 2018 when the Supreme Court overturned PASPA. New Jersey led the way, and now, five years later, over 30 states have embraced sports betting. The market has grown exponentially; in 2023, about $10.92 billion was made in revenue by states, a huge 44.5% increase from the previous year. This growth has extended to Formula 1, a sport whose US popularity has surged since Liberty Media acquired it in 2016.
New races in Miami and Las Vegas have attracted huge crowds and celebrity attention, boosting viewership on ESPN. In 2023, there was an average of 1.11 million viewers and over 100 million visitors on their official app and website. F1’s global recognition, coupled with its intense competition, has made it a preferred choice among bettors, with platforms like bet365 and Unibet fueling the interest.
Not sure if sports betting is live in your state? Below is a detailed table of where you can legally sign up and wager on F1 and other sports.
| State | Online Betting | Retail Betting |
|---|---|---|
| Arizona | Yes ✅ | Yes ✅ |
| Arkansas | Yes ✅ | Yes ✅ |
| Colorado | Yes ✅ | Yes ✅ |
| Connecticut | Yes ✅ | Yes ✅ |
| Delaware | No ❌ | Yes ✅ |
| Illinois | Yes ✅ | Yes ✅ |
| Indiana | Yes ✅ | Yes ✅ |
| Iowa | Yes ✅ | Yes ✅ |
| Kansas | Yes ✅ | Yes ✅ |
| Kentucky | Yes ✅ | Yes ✅ |
| Louisiana | Yes ✅ | Yes ✅ |
| Maine | Yes ✅ | No ❌ |
| Maryland | Yes ✅ | Yes ✅ |
| Massachusetts | Yes ✅ | Yes ✅ |
| Michigan | Yes ✅ | Yes ✅ |
| Mississippi | No ❌ | Yes ✅ |
| Montana | No ❌ | Yes ✅ |
| Nevada | Yes ✅ | Yes ✅ |
| New Hampshire | Yes ✅ | Yes ✅ |
| New Jersey | Yes ✅ | Yes ✅ |
| New Mexico | No ❌ | Yes ✅ |
| New York | Yes ✅ | Yes ✅ |
| Ohio | Yes ✅ | Yes ✅ |
| Oregon | Yes ✅ | Yes ✅ |
| Pennsylvania | Yes ✅ | Yes ✅ |
| Rhode Island | Yes ✅ | Yes ✅ |
| South Dakota | No ❌ | Yes ✅ |
| Tennessee | Yes ✅ | No ❌ |
| Vermont | Yes ✅ | No ❌ |
| Virginia | Yes ✅ | Yes ✅ |
| West Virginia | Yes ✅ | Yes ✅ |
| Wisconsin | No ❌ | Yes ✅ |
| Wyoming | Yes ✅ | No ❌ |
Sports betting may be legal in the US, but it’s important to place your bets with bookmakers licensed by state authorities to ensure a secure and fair experience. These licensed operators must adhere to strict regulations, offering protection to bettors and guaranteeing their rights. Check out my list of the best licensed bookies for US punters with world-class F1 betting services.
Acca insuranceLive betting24/7 supportIn-play betting40+ sportsLive streamingWelcome offersGreat marketsHigh oddsGreat bonus offersGreat marketsQuick bankingCash outFantasy Sports LeaMassive payoutsWhile the US market is expanding, the number of sportsbooks available in individual states is still limited compared to what’s available globally. These offshore bookies often provide better odds, more betting options, and a wider selection of sports. Check out my curated list of trusted offshore bookmakers available for US punters.
VIP programLive gamesMany bonusesWelcome offersFast payouts24/7 supportGreat supportMobile appsLive betting25+ sportsIn-play betsReliable supportReliable supportCash outHigh oddsThe UK betting market is one of the most structured globally, with the backbone being the UK Gambling Commission (UKGC), which has regulated the industry since 2007. This strong oversight has fostered significant growth, with the market generating $11.7 billion in 2023. It is projected to grow at a rate of 10.1% annually, reaching $22.9 billion by 2030.
Motorsport ranks the 5th most-watched sport in the UK, and Formula 1 is a significant contributor to its popularity. The 2021 Silverstone Grand Prix garnered an average audience of 3.46 million viewers on Sky Sports and Channel 4, showcasing the sport’s massive appeal. This growing interest has translated into an increased buzz for Formula 1 betting, thanks in part to reputable operators in the UK market.
The UK offers a wide variety of operators for Formula 1 betting, but if you want the crème de la crème in terms of competitive odds, accessibility, and reliability, you’ll want to choose a top licensed bookie. Check out the top-tier UKGC licensed F1 sportsbooks you can trust for the best betting experience.
Acca insuranceLive betting24/7 supportIn-play betting40+ sportsLive streamingBest mobile appsLive streamingMoney-back specialWelcome offersGreat marketsHigh oddsGreat payment optiLive bettingEsports offersWhile the UK offers a wide variety of domestic bookmakers, offshore options can provide access to a broader range of markets and betting options. If you are looking for a wider selection of promotions, betting options, and other unique features, below are some of the best offshore sportsbooks you can sign up at.
Live bettingLoyalty programMobile appCompetitive odds24/7 supportFast payouts24/7 supportSpecial offersSuperb bet typesReliable supportCash outHigh oddsWelcome offersMany languagesHigh oddsFinding the right bookie for F1 betting can be challenging. However, I’ve curated the best 7 betting sites categorized to help you find the best option based on your specific needs.
| Feature | Sportsbook | Available in the US 🇺🇸 | Available in the UK 🇬🇧 |
|---|---|---|---|
| 💻 Most Convenient Site | Betway | Yes ✅ | Yes ✅ |
| 🎁 Best for Bonuses | William Hill | Yes ✅ | Yes ✅ |
| 📱 Best Mobile App | bet365 | Yes ✅ | Yes ✅ |
| 👑 Best for VIP Bettors | Bovada | Yes ✅ | No ❌ |
| 🪙 Best Crypto Sportsbook | Kineko | Yes ✅ | Yes ✅ |
| 🔄 Best Betting Exchange | Betfair | No ❌ | Yes ✅ |
| 💰 Highest Payout | Unibet | Yes ✅ | Yes ✅ |
Betway Website
Betway is an all-rounder for sports markets. The operator offers a wide variety of betting options, including Formula 1. You can bet on simple markets like race winners, advanced options like the fastest lap, or unique head-to-head driver matchups. This means whether you’re new to betting or an experienced punter, you’ll always find a suitable wagering option.
Wagerers aren’t limited to pre-match events. Betway also provides in-play betting with live streaming, letting you watch the action and adjust your bets as the race unfolds. This tool adds excitement and gives bettors an edge by allowing them to analyze races in real time.
These features are undeniably impressive, but what sets Betway apart is its user-friendly design. The site has a clean, well-labeled layout, making navigation simple. You can easily change the odds format to suit your preference, whether it’s decimal, fractional, or American. This thoughtful design enhances the Formula 1 betting experience by making it more accessible and intuitive.
Betway’s mobile app mirrors the desktop experience, offering smooth navigation, live streaming, and in-play betting on the go. Beyond Formula 1, you can explore over 25 other sports to wager on, ensuring a wide variety of options.
The platform requires a minimum deposit and withdrawal of $10/£5, with multiple banking options, including credit/debit cards, Truelayer, PayPal, Trustly, and Vyne. UK punters get a £30 free bet if they lose at least £5 on their first accumulator bet, while US bettors can claim a refund of up to $250 if their first qualifying wager loses.
| PROS | CONS |
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William Hill Website
Bonuses are great for enhancing your betting bankroll and extending playtime, making them valuable for all bettors. While many bookies focus solely on attracting new customers with welcome offers, William Hill goes beyond that, which is why it made my list.
As a new user, you can claim $50 in free bets when you wager $50. UK punters can get £30 in free bets by wagering a minimum of £10. The bonus isn’t tied to the match’s outcome, meaning you’re guaranteed the reward whether your stake wins or loses.
Additionally, William Hill rewards loyalty. By placing bets, you can earn up to 5 points per bet. Accumulate at least 1,000 points, and you can redeem them for free bets. This reward system ensures regular wagerers are consistently rewarded for their activity.
In addition to having some of the best bonuses on the market, its betting platform is also top-notch. The odds are competitive, and you’ll find both short- and long-term betting types, such as race winners, driver championships, and fastest qualifiers. The in-depth coverage extends beyond Formula 1, with over 25 other sports available, ensuring a wide range of options for bettors.
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bet365 Website
According to a study by St. Bonaventure/Siena Research, 91% of sports bettors have betting apps on their phones. This highlights how essential mobile apps are for convenient, on-the-go access to betting markets and live updates. For Formula 1 punters seeking efficiency and features like live betting and streaming, bet365 offers these and more.
The mobile app is available for both iOS and Android users and can be downloaded from the Apple Store and Google Play Store. Some exciting edges you will get include fast in-page loading, a user-friendly interface, and easy navigation. With over 6 million downloads across platforms and an impressive 4.7-star rating, the app’s quality speaks for itself.
The app provides a wide range of Formula 1 betting options, including straightforward bets like race winners and advanced markets like the fastest lap. Punters can also take advantage of live betting and streaming features. This means you not only wager from anywhere but also watch the race as it unfolds. Even if a match isn’t going your way, the app’s cash out options let you minimize losses or lock in profits.
The minimum deposit and withdrawal are set at $10/£5, making it one of the most accessible platforms for bettors. New users in the US get a 100% deposit bonus of up to $30, while UK punters enjoy a £50 bonus when wagering at least £10.
| PROS | CONS |
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Bovada Website
For many, exclusive treatment isn’t a deal-breaker, but with sportsbooks like Bovada, it’s a major advantage. Bovada offers a VIP rewards program that is truly unique. There are six rewards tiers, with your rank determined by the number of reward points (RP) you’ve earned since joining. For every bet and wagering option you choose, you can earn up to 25 rewards points, and once you accumulate 1,000 RP, you can redeem it for $1. This system rewards you as you continue betting, ensuring that loyal punters are constantly appreciated. When you sign up, you’ll also receive a 50% bonus up to $250.
Beyond Formula 1, Bovada provides access to over 100 leagues, including major sports like football, basketball, and baseball, expanding the variety of betting options and ensuring there is something for everyone.
Bovada’s VIP system ensures that the more you wager, the more you benefit. Whether you’re an occasional bettor or someone who bets regularly, the rewards accumulate, offering you a chance for a higher return and a better overall experience with every wager.
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Kineko Website
Founded in 2022, Kineko has established itself as one of the top cryptocurrency sportsbooks. For bettors who prioritize anonymity and speedy transactions, Kineko is the perfect choice. As a Solana-based platform, it ensures low transaction fees and fast deposits and withdrawals, making it ideal for those who prefer crypto over traditional currencies. Kineko accepts a range of cryptocurrencies, including SOL, USDT, USDC, and BTC, providing flexibility for punters who are familiar with the crypto ecosystem.
With a minimum deposit and payout of just $1, Kineko is accessible to both casual and experienced wagerers, allowing you to easily start or cash out your wagers.
When it comes to Formula 1, Kineko offers a variety of betting options, ensuring that there is something for every punter, whether you’re a newbie or an experienced bettor looking for more complex options.
Customer support is available 24/7 via email, Telegram, and live chat, with live chat providing the quickest response for urgent issues.
If you’re new to Kineko, you’ll be welcomed with a 100% bonus of up to $150 on your first deposit, giving you extra funds to place your bets.
| PROS | CONS |
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Betfair Website
Betfair proudly claims to be the world’s largest betting exchange, and with good reason. As the pioneer in this space, Betfair offers bettors a unique platform where they can set their odds or bet against others, often leading to better odds and higher payouts compared to traditional sportsbooks.
Key features like cash out, price rush, and acca edge enhance the betting experience. Cash out allows wagerers to secure profits or minimize losses before a race ends, while price rush automatically improves odds on selected bets, offering higher potential returns. For parlay lovers, the acca edge provides insurance for accumulator bets, refunding the stake if one leg fails — perfect for F1 multi-market wagers.
Betfair charges a commission of only 2%-5% on net winnings, making it an economical option.
The exchange is not limited to Formula 1; it covers over 30 sports markets, including football, basketball, and baseball. For motorsports fans, the platform provides in-depth racing coverage, including NASCAR and Moto GP.
Betfair also has a mobile app that offers easy access to betting markets and live streaming. While live streaming requires you to place a bet, real time stats are available for all matches without this requirement.
Deposits start as low as £5 via e-wallets like Skrill, Neteller, PayPal, and PaySafeCard. Withdrawals are just as flexible, with a minimum of £1 for e-wallets and £5 for other methods. New users get a £20 refund on their first bet of at least £20 if they lose, making Betfair a risk-reduced entry point for beginners.
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Unibet Website
Founded in 1997, Unibet has built a reputation as the go-to sportsbook for high-rollers. With a maximum payout of up to $250,000, it’s a perfect fit for those wagering large amounts, as it offers unparalleled peace of mind for significant bets. Yet, Unibet doesn’t alienate casual bettors, as the minimum deposit and withdrawal start at just £5/$10, ensuring accessibility for all punters.
Unibet supports a wide range of payment methods, including credit/debit cards, PayPal, Neteller, Skrill, and bank transfers, making transactions easy.
For Formula 1 betting, its 4% margin ensures competitive odds. Likewise, the frequent odds boosts across the 25+ sports markets it covers ensure you get better payouts on winning bets.
Advanced features like Bet Builder allow you to customize your wagers, while the cash out option gives you control over your bets during races.
The mobile app, available on Android and iOS, enhances convenience with a user-friendly interface and fast navigation.
Punters also benefit from live betting and live streaming, allowing them to watch races and place bets in real time.
Unibet prioritizes excellent client support. The 24/7 live chat ensures assistance is always available, while an extensive FAQ section addresses key queries, including deposits, withdrawals, and betting guides.
As a new user, betting £10 on Formula 1 or any other sport earns you £40 in bonus funds, solidifying Unibet as an ideal option for serious and casual bettors.
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Despite being a niche sport, there are millions of Formula 1 fans, leading bookmakers to provide diverse options for bettors. Below is a comparison table that shows the unique features of the top F1 bookmakers.
| Features | Betway | William Hill | bet365 | Bovada | Kineko | Betfair |
|---|---|---|---|---|---|---|
| In Play Mode | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Live Streaming | Yes ✅ | Yes ✅ | Yes ✅ | No ❌ | No ❌ | Yes ✅ |
| Cash Out | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ | Yes ✅ |
| Mobile Application | Yes ✅ | Yes ✅ | Yes ✅ | No ❌ | No ❌ | Yes ✅ |
| Bookmaker Payout | 95% | 96% | 95% | 95% | 95% | 94% |
| Min Deposit | £5 | £5 | £5 | $5 | $10 | £5 |
| Min Bet | £0.10 | £0.10 | £0.10 | $0.10 | $0.10 | £1 |
| Max Profit | Unlimited | Unlimited | £2000000 | $250000 | Unlimited | £1000000 |
| Min Withdrawal | £10 | £5 | £5 | $10 | $10 | £1 |
| Withdrawal Time | Up to 5 working days | Up to 5 working days | Up to 10 working days | Up to 5 working days | Up to 24 hours | Up to 5 working days |
| Rating |
4.8
|
4.9
|
4.8
|
4.9
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4.3
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4.7
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Betting bonuses and promotions are standard across all bookmakers. Although not all, most Formula 1 bookies will have some offers and promotions ready for their customers, and it’s not hard to find exclusive offers either.
All betting sites will have a welcome offer, most commonly from a matched deposit bonus. With it, the betting site gives you free wagering cash the same size as your first deposit.
But while sportsbooks do a fine job rewarding new customers, most gambling sites provide offers for existing players. Those are typically divided into 3 most common types – free bets, enhanced odds, and Acca insurance.
There are special bets on Formula 1 and in this section I will explain to you how the most popular ones work.
As the name implies, the outright winner is a bet on which the driver will win the championship. You can find these odds under the futures or outright section on all bookmakers for F1.
The fastest lap bet is another bet that requires no explanation. You can place this bet both in qualifying and in the primary race, and it works the same way – a wager on which driver will make the fastest lap.
Betting on whether a safety car will be used during the race is one of the more exotic bets, but you can rest assured that you’ll find odds on this market at most Formula One bookmakers. By placing a wager on this market, you’re essentially predicting that there will be a significant accident or bad weather during the race.
A race-winner bet is the most common and straightforward option. With it, you’re simply predicting which driver will win the next race, and it doesn’t matter how much or if he scored the fastest lap.
Driver matchup bets are head-to-head F1 bets available on all Formula 1 gambling sites. It works the same way as any h2h stake, where you’re not predicting which driver will win the race but rather whether your chosen driver will place higher than his opponent.
As the name suggests, a podium finish bet is a very popular wager, mainly because it’s simple. With it, you’re predicting whether a driver will finish the race inside the top three, so your bet will hit whether he places first, second, or third.
A top-6 finish builds on the podium finish wager, allowing you to predict whether a particular driver will end the race inside the top 6. It’s a simple stake and one of the most famous betting options among newbies and experienced bettors.
World Drivers’ championship bet is one of the future betting picks to predict which driver will win the drivers’ world championship. In other words, it’s an outright stake on which driver will end the season with the most points and be crowned the F1 world champion. You can find these odds on betting sites under the “outright” or “futures” market section.
Some online betting sites for F1 will also offer a pole position bet, a wager allowing you to predict which driver will start the race on the pole. In addition, any bookmaker will offer the same stake on a driver winning the qualifying race, as this will give him a pole position.
It is an over/under bet, which allows you to predict whether a driver will win more or less than a certain number of races in the next season.
Some betting sites will also allow you to predict the exact number of races a driver will win, and while this option is far more complicated to predict, few stats can help you with it. But it also comes with far more generous odds.
A winning margin is a wager that you can use to predict the margin between the winner of the next race and the runner-up. It’s an over/under bet, where the sportsbooks can offer markets such as 0.01-0.1 seconds, 0.11-0.2 seconds, and so on.
Besides the mentioned special bets, Formula 1 bookmakers offer a plethora of other driver and unique team wagers. Some of the most common are constructors double, both drivers to finish in the points, drivers to crash, and fastest pit stop.
Only some F1 bookies will offer betting markets on practice races. It’s much easier to find a bookmaker who won’t than one with practice markets.
A bet on which driver will retire is a proposition wager that is used to predict whether a particular driver will end the race before finishing it for one of many reasons, including engine failure or a crash.
Combined markets allow you to bet on drivers and constructors and are often just combinations of the two bets.
A season can consist of as many races as the organizers decide, but generally, there are about 20. And while all races are exciting, some draw more attention from the fans and those who bet on Formula 1.
Some of the biggest and most popular races include:
A season occurs worldwide across dozens of countries and tracks, each with its characteristics, unique features, and challenges.
There are many reasons to consider the track when you bet on Formula 1, mainly because no track is the same as another, so naturally, drivers will perform differently depending on which track the race will take place on. Bookmakers know this so that you will see completely different odds for the race depending on the track.
You should also consider the weather when you bet. It’s no secret that temperature and rain will heavily affect how the race will go, and it’s no secret that some drivers tend to perform better in rainy conditions than others.
Weather affects tire wear, fuel efficiency, and overall vehicle performance: some bolide cars perform better in dry weather, while others can shine on a wet track.
The overtaking spots are the most significant factor that distinguishes tracks from each other. Some tracks have plenty of overtaking locations, while others are limited. If there are few overtaking opportunities on the circuit, the driver starting from the pole will have a much better chance of winning the race. But if a track has many overtaking spots, you can freely bet on the drivers who start from further behind and find great betting opportunities.
Starting the grid is very important, especially on tracks where overtaking is difficult. In addition, the chaotic start can easily lead to mistakes and early crashes depending on the starting position.
An important factor to consider is a driver’s past performances on a track. If a driver has won on that circuit 5 times in a row, he is obviously the king of that racetrack and most likely has a good chance of winning it again.
| Track | First Race | Total Laps | Track Length | Key Features |
|---|---|---|---|---|
| Circuit de Monaco | 1950 | 78 | 3.337 km | One of the most demanding races in F1, with little to no overtaking opportunities |
| Autodromo Nazionale Monza | 1950 | 53 | 5.793 km | Home of Ferrari, Monza offers fast sections, a wide track, and many overtaking opportunities |
| Circuit of the Americas | 2012 | 56 | 5.513 km | Arguably one of the most exciting races on the F1 calendar, with plenty of variety and challenges |
Besides the mentioned circuits, F1 is filled with many great races. Some of the most popular include:
A season regularly features exciting races that will not leave any F1 fan indifferent. However, a few races are the most popular among punters and are periodically available on bookies for Formula 1. I have described some of the biggest and most popular races below.
This race, held at the Bahrain International Circuit, is the first one of the F1 season, which makes it interesting. It’s also the first official race in which we get to see the new cars and technological improvements made by the teams, adding another level of excitement to the season opener.
This is one of the most beautiful races in the history of the sport. It takes place on the Circuit De Monaco. Due to its popularity, many bookmakers for Formula 1 offer special promotions for this event.
Racing at the Monza Сircuit has long been considered the season’s most exciting event. Some of the best races in history have been held here. The long track allows plenty of overtaking, which adds to the excitement.
Abu Dhabi hosts the Formula One Championship finals at the stunning Yas Marina Circuit, which regularly hosts some of the most spectacular races of the season, including the 2021 final when Max Verstappen dethroned Lewis Hamilton to become the new F1 World Drivers’ Champion.
Formula One has seen many exceptional drivers throughout its +70 year-long history, yet a few stand out as legends in the sport. There is a list of the greatest active drivers:
By chassis:
By engine:
Before I end my article, here are some interesting facts you might need to learn about.
That concludes my article, teaching you everything you need to know about betting on this sport. Equipped with all that knowledge, you’re ready to find the best Formula1 betting sites and place your first bet!
