Top US Sportsbooks for Formula 1 Betting

By Jake Patel on
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1. Bet MGM
90%
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"With a variety of banking options, promotional offers and an extensive selection of markets, BetMGM is one of the nation’s stand out sportsbook operators. "
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2. Draftkings
81%
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"With pools, you can bet on anything from football games to your favorite show. Keep an eye out for special promotions, including free bets, odds boosts and more."
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10
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3. Fanduel
93%
$1000 risk free bet

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"Bet with Fan Duel for some of the best promos available online - you can place same game parlays, and take part in weekly competitions like NFL Gridiron Pick'em"
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4. Pointsbet
74%
2 Risk Free Bets Up To $1500

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"Pointsbet is home to a bunch of parlay specials - same game parlays, in-play parlays and parlay booster. Plus, no rollover requirements on free bets."
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New Customer Offer Eligible clients are entitled to a maximum two (2) refunds. One (1) refund worth $1,000 in Free Bets for first PointsBetting wager should it lose and One (1) refund worth $500 in Free Bets for first fixed price wager should it lose. No refund are payable for winning, void or wagers resulted as a push. Unless otherwise stated, Risk Free promotions are capped at a maximum refund amount of $500. 21+. Full T&Cs apply. Please gamble responsibly.
5. Bet Rivers
86%
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"Bet on a huge range of sports with Bet Rivers - there are over 15 to choose from including all the major leagues, European sport and NCAA tournaments"
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6. Fox Bet
75%
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7. Barstool
84%
Up to $1000 Risk Free Bet

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"Barstool's sportsbook combines its flair for entertainment and comedy to create a one of a kind betting experience. Take advantage of unique offers and promotions and bet on great range of markets."
Claim Bonus
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Yes
Yes
New Customer Offer Make your first ever cash deposit. Then, place any single wager on your betslip (ex. one parlay bet or one straight bet). If that bet wins, you will not receive any bonus cash. If that bet loses, you will receive a refund in bonus cash equal to the amount wagered (up to $1,000). 21+. Full T&Cs apply. Please gamble responsibly.
8. Wynn Bet
74%
Up to $500 Risk Free Bet

Reviewed & verified by our team

"WynnBet provides a more social experience where users can celebrate their wins with each other and is shaping up to be the one to watch in the US betting market. "
Claim Bonus
10
Yes
Yes
New Customer Offer Offer only available for the first eligible sports bet of $20 or more. If a patron’s first sports wager uses a boosted parlay or other form of offer, discount, or promotion, the Risk Free Sports Bet will be carried forward until an eligible sports wager is placed within ten (10) days after making a qualifying deposit or the Promotional Period 21+. Full T&Cs apply. Please gamble responsibly.
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🏆 Best Overall Score:
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$1000
🤝 Highest Deposit Match:
100%
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Formula One, or F1, is one of the most popular and exciting motorsports to bet on. Formula One is widely recognized as the pinnacle of motorsport and now, after the repeal of the Professional and Amateur Sports Protection Act (PASPA), US residents in states with legal sports betting can bet on this high octane sport. Here at Compare.bet US, we have everything you need to know about F1 betting, from where you can legally bet on events to a breakdown of some of the most popular bet types you can place.

Looking to bet on F1 racing in New Jersey? We’ve got a lineup of the best sports betting sites in the Garden State. Compare our expert reviews, scores and the bonuses on offer to pick out the bookie that suits you best. All of our featured sportsbooks are legal and regulated in the state of New Jersey. All that’s left for you to do is make your pick, sign up and start betting.

Latest F1 Betting News

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F1 Betting Preview: The Winner of this Year’s Championship to be Finally Revealed as the Season Culminates in Abu Dhabi

The final race of the season is here at last and there is still everything to play for.

Bonuses

Bonuses at the Best Formula 1 Betting Sites

When checking out some of the best Formula 1 betting sites, you’ll notice they all offer some form of bonus to customers. Most commonly offered to new customers as a welcome bonus, there are also many available for existing gamblers.

As with all our recommendations, it’s important to read through the terms and conditions of any bonus you like the look of before accepting and placing your first deposit. There’s nearly always a range of bonuses available, so let’s have a look at some of the most common ones you’ll find at F1 betting sites. 

Matched Deposits

When accepting a matched deposit, this means that the bookie you’ve registered with will match your deposit with their own money. Typically, this type of bonus is written as a percentage, and may read something like ‘100% match on your first deposit up to £200’. In this particular example, the online bookmaker will equal your deposit up to a maximum amount of £200 — deposit £200 and you’ll get another £200 in bonus funds, for a total of £400 to play with. Aside from the capping, you’ll often find other conditions such as wagering requirements, so be sure to read through and make sure you understand all the T&Cs before placing your bet deposit. 

Free Bets

Free bets are a frequently offered bonus, as both a welcome to new customers and a promotional offering to existing sports bettors they’re an ideal way to try out something new without having to use any of your own money. A free bets bonus may be offered by a gambling site as ‘wager £10, get £20 in free bets’. Sounds great, right? It could be, but be mindful of any terms and conditions which diminish the true value of the bonus. There will no doubt be stipulations on how the free bets can be used and how long you have to do so.

Risk-Free Bets

Often a great way of testing the water, risk-free bets are offered by bookmakers to attract new customers to their site. In reality, the term ‘risk-free betting’ is a bit of a misnomer — while the risks are definitely lowered, you aren’t entirely free from the possibility of losing money. 

Accepting a risk-free bet means you’ll get something back, no matter the result of your initial wager. However, you won’t necessarily win back all your money — you could receive a percentage of your lost stake, or it might be returned in the form of free bet tokens which can’t be withdrawn. As with all betting site offers, some risk-free bonuses are better than others. You’ll find the usual terms and conditions of use here, so read through carefully before placing your wager.

Banking

Payment Methods at F1 Betting Sites

The best Formula 1 betting sites will always offer a range of payment methods, so you’re sure to find one that suits your requirements. There are pros and cons to each one, so let’s break down the details for some of the payment methods you’re likely to encounter.

Debit Cards

A well-trusted method of placing a bet, debit card deposits often reach your F1 betting site wallet instantly, however withdrawing a payout can be a little slower sometimes taking up to five working days. There is a positive for Visa debit card customers: at supporting sites, you’ll be able to access the Visa Fast Funds service, allowing participating F1 betting sites to offer payouts in as quickly as just a few hours.

e-Wallets

Some of the most well known e-wallets are PayPal, Neteller, and Skrill. There are a whole host of benefits that come with this payment method. One is the high level of security it offers, as no bank details need to be submitted to the betting site. In addition, you’ll find that the speed of withdrawals is much quicker than with debit cards. 

Alongside this, e-wallet accounts are great for keeping a close eye on your financial activity, as you can log in and check your transaction history any time — it’s a great way to keep tabs on your spending and keep funds separate from your usual bank account. Many e-wallets offer mobile apps to make managing your account even easier.

Prepaid Cards

Prepaid cards offer a safe and convenient way of making deposits at the best Formula 1 betting sites. Bought over the counter at participating retailers, you’ll be given a unique PIN that you simply enter in order to deposit funds to your betting site wallet. Prepaid cards are great for the security conscious, as no bank details are shared at any time. Similarly, if you want to have a strict handle on how much you wager, then this may be the best payment method for you the financial restriction of a prepaid card means that once you’ve used up the amount on the voucher, you can’t make any more deposits unless you buy a new card. 

One of the leading prepaid cards is Paysafecard, which is available in over 40 countries around the world. A downside to using this method is when it comes to cashing out your betting balance it’s not possible to withdraw to a Paysafecard and you’ll need to use another payment method..

Betting

Betting on the Formula One World Championship

As the highest class of single-seater auto racing approved by the Fédération Internationale de l’Automobile (FIA), it should come as no surprise that F1 events are some of the most exciting races around. The standard F1 season typically runs March through September and consists of a series of Grand Prix races which take place at various circuits around the world.

The FIA uses a point-based system to determine champions in two different categories: one for drivers and one for constructors. The FIA awards the Formula One World Drivers’ Championship to the highest performing F1 racer in a season, while the Formula One World Constructors’ Championship is awarded to the season’s most successful F1 constructor.

With 21 Grand Prix events in a season, there are a variety of betting opportunities available to punters. Bettors can bet on several different aspects, from a single race winner to the winner of the constructor’s championship.

Picking a Winner

Picking a Winner

Anything can happen in an F1 event, which makes it so hard to pick a winner. Races are often decided by split-second decisions, and even the smallest change to a driver’s car can add or subtract seconds off their lap time. While you may find tipsters that have a high success rate, it’s important to remember that their tips cannot guarantee you a winning bet.

Instead of relying on a tipster, we recommend conducting your own research using official F1 statistics to help make an educated bet. Official F1 driver stats such as wins, podium finishes, points and standings can be found on Formula One’s official drivers page

Markets

Formula 1 Betting Markets

The best Formula 1 betting sites take bets on a large number of betting markets. Betting markets can vary between operators and states, but here are some of the most popular ones:

Race winner

These are bets on who will win a particular race. Odd are typically updated before a race and in real-time as races playout.

Futures

Futures bets are wagers on upcoming events that haven’t taken place yet. These bets allow you to wager on events ahead of time, such as the winner of the Xfinity Series, before the season begins.

Fastest lap

Fastest lap wagers revolve around which driver will finish an individual lap in the quickest time.

Top 3

Top 3 bets involve predicting which three drivers will finish in first, second and third place.

Drivers’ Championship winner

These bets involve correctly predicting which driver will finish the year at the top of the leaderboard.

Constructors’ Championship winner 

A wager on the constructors’ championship winner will require punters to predict which team will finish first in the season.

Odds

Formula 1 Betting Odds

It’s important that you understand how betting odds work before betting on an F1 race or series, you should make sure that you have a strong understanding of how betting odds work. Odds are essentially a sportsbook’s prediction of what could happen in an event. These vary between sportsbooks, so we recommend shopping around to find the best prices. Although most US sportsbooks will display odds in the American format, you might also see them displayed as fractional or decimal odds.

With American odds, bookies’ favorites are indicated with negative (-) odds, and the underdog is represented with positive (+) odds. When it comes to F1 racing, all of the drivers are racing at the highest level in motorsport, as a result of this, a sportsbook may have several choices with negative odds. While they may all be priced differently, the negative odds indicate that there is a high chance of them winning.

Here is a real-world example of F1 betting odds:

During an upcoming Grand Prix event, a sportsbook might have team Mercedes drivers Lewis Hamilton and Valterri Bottas at different odds to win the race. Hamilton to win has odds of -130, while Bottas to win is priced at +130. This indicates that Hamilton is likely to win and that a Bottas victory is unlikely. At these odds, making a successful wager of $100 on Hamilton could win you back your initial $100 stake and a modest profit of $90.91. A riskier bet on Bottas would 

would win you back your initial stake of $100 and $130 in profit for a total of $230, if he were to win.

Check out our how to read odds guide for a detailed breakdown of exactly how betting odds work.

Mobile

Mobile Betting on the Best Formula 1 Betting Sites

Mobile betting sites offer a great opportunity to check out odds or place bets while you’re on the go. Not only that, some of the best F1 betting sites have created F1 betting apps that can really personalize your gambling experience. While downloading an app does take up space in your phone’s storage, you’ll get the smoothest mobile experience, the ability to access betting markets with just a few taps, and push notifications can alert you to the best offers and latest promotions available.

Features of F1 Betting Apps

  • Live streaming – get on-the-go access to all the sportsbook’s live streaming options. 
  • More user-friendly – because the app has been designed for your device, it’s easier and quicker to navigate than a mobile site.
  • Bonuses and promotions – you may find that some apps offer unique bonuses and promotions specifically for app users.
  • Push notifications – these alert you to the latest promotions so you never miss out on an offer.
  • Payment methods – you’ll get access to the same payment options as the desktop site, and many apps support Apple Pay or Google Pay too.
  • Customer support – there may be live chat facilities directly available through your app.

States with Mobile F1 Betting

  • Nevada 
  • New Jersey
  • West Virginia
  • Pennsylvania
  • Rhode Island
  • New York
  • Iowa
  • Oregon
  • Indiana
  • New Hampshire
  • Illinois
  • Michigan
  • Colorado
  • Washington DC
  • Tennessee
  • Virginia
  • Wyoming
  • Arizona
  • Connecticut

In these states, mobile sports betting sites are available for use on both iOS and Android devices. Formula 1 betting laws and regulations will vary for each jurisdiction so always make sure you’re accessing a licensed F1 betting app or site — all our recommendations on Compare.bet meet this requirement.

Online Formula 1 Betting in New Jersey

Sportsbook Website iOS App Android App
888Sport NJ us.888sport.com Yes Yes
BetStars NJ BetStarsNJ.com Yes Yes
Caesars Sportsbook caesarscasino.com/sports

 

Yes Yes
DraftKings Sportsbook draftkings.com/sportsbook

 

Yes Yes
FanDuel Sportsbook sportsbook.fanduel.com/sports Yes Yes
PlayMGM nj.playmgm.com/en/p/sports Yes Yes
PointsBet pointsbet.com Yes Yes
SugarHouse Sportsbook playsugarhouse.com Yes Yes
William Hill Sportsbook nj.us.williamhill.com Yes Yes
Hard Rock Atlantic City hardrockcasino.com/sportsbook Yes Yes
Golden Nugget nj-casino.goldennuggetcasino.com/sports Yes Yes
BetAmerica nj.betamerica.com/sports Yes Yes
Resorts resortscasino.com/sports Yes Yes

Online Formula 1 Betting in Nevada

Sportsbook app Operator iOS Android Where can I sign up?
-Connected (Sports and Horses) Boyd Gaming Yes Yes Cannery

The California

Suncoast

Sam’s Town

The Orleans

Gold Coast

Fremont

Main Street

Jokers Wild

Eldorado

Eastside Cannery

Caesars Caesars Entertainment Yes Yes Planet Hollywood

Bally’s

Paris

The Cromwell

Flamingo

The LINQ

Rio

Caesar’s Palace

Harrah’s

Golden Nugget Golden Nugget Yes Yes Golden Nugget, Laughlin

Golden Nugget, Las Vegas

PlayMGM MGM Resorts International   Yes Yes Aria

Bellagio

Circus Circus

Excalibur

Luxor

The Mirage

Monte Carlo

MGM Grand

New York-New York

Mandalay Bay

NV Sports               South Point Casino Yes Yes South Point Casino

Rampart Casino

CG Sports CG Technology Yes Yes Cosmopolitan

Hard Rock

The Venetian

The Palazzo

The M

Palms

Tropicana

Silverton

Station Casinos Station Casinos Yes Yes El Cortez

Fiesta Henderson

Fiesta

Rancho

Greer’s

Barley’s Casino

Wild Wild West

Wildfire Casinos

Red Rock

Green Valley Ranch

Sunset Station

Texas Station

Boulder Station

Palace Station

Santa Fe Station

TI Mobile Sports Treasure Island Yes Yes Treasure Island
Westgate Superbook Westgate Las Vegas Yes Yes Westgate Las Vegas Casino SuperBook
Wynn Wynn Resorts Yes Yes Wynn Las Vegas
William Hill William Hill US Yes Yes The D

SLS

Hooters

Plaza

Downtown Grand

Tuscany

Binion’s

Four Queens

Ellis Island

Silver Sevens

Online Formula 1 Betting in West Virginia

Sportsbook Website iOS app Android App
BetLucky betlucky.com Yes Yes

Now that you’re all caught up on the basics of Formula 1 betting, why not try your luck with a Formula 1 bet. Want to keep up to date with information on legal US sports betting? BettingUS.com has got you covered!

FAQs

Are F1 betting apps and sites safe?

Licensed F1 betting apps and sites are safe to use. If you play at an unlicensed site, you’re putting yourself at risk. On Compare.bet we only recommend sites that are licensed, so you can play at our top picks with confidence. 

The people behind this page

Compare.bet's online gambling content experts helped write, edit and check the content on this page:

Jake is a gambling content specialist for Compare.bet, with a focus on the regulated US market. He is responsible for producing news content for Compare.bet News, state guides for Compare.bet US and has interviewed several senior executives within the gambling industry. Jake previously wrote for Gambling Insider and LGBT+ news site PinkNews.