Last updated on: December 6th, 2023

Betting On Formula 1 Racing

This Formula 1 betting guide is here to show you that it is quickly becoming one of the most popular sports to bet on and there are plenty of odds that you can take advantage of. As for how to find odds on it, there are plenty of legal sports betting sites that offer odds on it all year round. The legal online betting sites that have F1 betting odds have more to offer than just those odds. You’ll find some major promotions, an easy to use platform, and different financial methods that you can bet with. To find out more about online betting odds for F1, we’ll cover all you need to know right here.

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Betting On Formula 1

Top Formula 1 Betting Sites

Rank Sportsbook Bonus Offer Play Now
1 Bovada Online Sportsbook Exclusive 50% Bonus Code up to $1000!Read Review BVD1000 in Cashier
2 BetOnline Online Sportsbook 50% Up To $1,000Read Review Visit BetOnline!
3 MyBookie Online Sportsbook 50% Up To $1,000 Read Review Visit MyBookie!
4 Xbet Online Sportsbook 100% Up To $300Read Review Visit Xbet!
5 Sportsbetting Online Sportsbook 50% Up To $1,000 Read Review Visit SportsBetting!


Bovada Sportsbook

The Top F1 Betting Site

Bovada is one of the most trusted and most established Formula 1 betting sites that you could ask for. That is thanks to all of the features and betting odds that they have. On F1 specifically, you not only can bet on the outright winner of a race but bet on all of the prop odds that come along with them. Bovada also does a great job with their bonuses. New users that are just signing up could earn up to $250 for signing up and creating an account.

Rating: 5 Star Rating

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BetOnline Sportsbook

Bet On F1 With Crypto

If there is one sport that is more advanced in the crypto world, it is F1 and BetOnline knows this by letting you bet on all F1 races with it. You can choose from up to 17 different forms of cryptocurrency to bet with ranging from massive projects in Bitcoin and Ethereum down to smaller altcoins like Shiba Inu or Dogecoin. They also run crypto betting bonuses worth up to $1,000. You can also directly link your crypto wallet right to your sportsbook account and transfer funds within seconds.

Rating: 5 Star Rating

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MyBookie Sportsbook

Safest F1 Betting Site

If you are looking for a safe and reliable legal sports betting site to bet on Formula 1 odds, MyBookie should be your go to. They have two encrypted links on the backend that work to secure both your personal and financial information. Those include SSL and Bit-256. On top of their encryption, they also have elite customer 24/7 customer service that work to be there for you in the event of any issue at any time of the day.

Ratings: 5 Star Rating

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Is It Legal To Bet On Formula 1?

USA Players AllowedBetting on Formula 1 in 2023 is 100% legal to do and is not unlawful in any way, shape, or form. As long as there are odds for it posted at online sportsbooks that accept US players, you have all the power you need to make your Formula 1 bet. You can place those bets on any online sportsbook as they have plenty of options to choose from. You should not worry if your home state does not regulate sports betting either as online sportsbooks are legal all throughout the United States and will not land you in any trouble at all.

Current Formula 1 Betting Odds

What Bets Can You Make On Formula 1

There are a few options for wagering on Formula 1. For starters, the main wager would be selecting a racer to come in first. There are also odds for players to big racers to come in the top 3, top 5, and top 10. Exacta wagers are available, as well as head to heads where bettors pick one racer to outplay another. There are futures odds for bettors, as well as live in-race wagering. With a seemingly endless supply of odds at legal online sportsbooks, Formula 1 has become very popular in the US.

Betting On Formula 1 Over/Under bets

If you are betting on Formula 1 over/unders, you will find that there are different odds that you can place your bet on. You can bet on the over/under of the projected times on either a specific driver or eve the projected time of the race as a whole. If you were to bet on the projected time of a the race, for example, you would find an over/under with a time and odds for if the race will go over the time or stay under. Online sportsbooks could have a projected time of 1 hour and 35.5 minutes with the over favored at -200 and the over at +150. That would mean that the race is favored to go over the 1 hour and 35.5-minute mark.

Betting On Formula 1 Prop Bets

A prop bet on a Formula 1 race could deal with anything from the race itself to something that involves the race but does not involve the actual racing. One prop bet that you might come across at Formula 1 sportsbooks accepting US players is how much time the fastest lap takes. For example, if you were to bet on the fastest lap time and there was an over/under of 1-minute ad 30.5 seconds with the under favored at -115 and the over at +100. This would mean that the fastest lap is favored to stay under 1 minute and 30.5 seconds. If you were to bet on the under the fastest lap would have to be 1-minute ad 30 seconds or less.

How To Make Money From Formula 1 Betting

bitcoinTaking a futures bet on a Formula 1 race is just like making a futures bet on any other sport. The best Formula 1 online sportsbooks allow you to take advantage of future odds long before any races take place. Odds for futures bets are further since the events that they are posted for are far ahead in time. An example of a Formula 1 futures bet would be placing a bet on the Monaco Grand Prix before it even happens.

If you are new to betting on Formula 1, to get started, you need to create an online sportsbook account and deposit money into it. Since you are signing up for an online sportsbook, you have different options for depositing money, unlike a retail sportsbook. Here you can use your credit or debit card and even a money order to deposit funds. You may also use cryptocurrency like Bitcoin. You will notice that some of these sportsbook deposit methods open the door to bonuses that US players can accept.

If you are trying to withdraw your funds, you have other options as well depending on your deposit method. If you used your bank debit card, credit card, or money order, you can either wait for a check in the mail or have your money sent to you via a wire transfer. If using legal Bitcoin betting sites, you can have any winnings funds sent back to your crypto wallet.

2024 Formula 1 Schedule

  • February 29 – March 2 Bahrain Grand Prix
  • March 7-9 – Saudi Arabia Grand Prix
  • March 22-24 – Australia Grand Prix
  • April 5-7 – Japan Grand Prix
  • April 19-21 – China Grand Prix
  • May 3-5 – Miami Grand Prix
  • May 17-19 – Emilia Romagna Grand Prix
  • May 24-26 – Monaco Grand Prix
  • June 7-9 – Canada Grand Prix
  • June 21-23 – Spain Grand Prix
  • June 28-30 – Austria Grand Prix
  • July 5-7 – United Kingdom Grand Prix
  • July 19-21 – Hungary Grand Prix
  • July 26-28 – Belgium Grand Prix
  • August 23-25 – Netherlands Grand Prix
  • August 30 – September 1 – Italy Grand Prix
  • September 13-15 – Azerbaijan Grand Prix
  • September 20-22 – Singapore Grand Prix
  • October 18-20 – USA Grand Prix
  • October 25-27 – Mexico Grand Prix
  • November 1-3 – Brazil Grand Prix
  • November 21-23 – Las Vegas Grand Prix
  • November 29 – December 1 – Qatar Grand Prix
  • December 6-8 – Abu Dhabi Grand Prix

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