Best Formula 1 Betting Sites & Promo Codes for 2024

The 2024 F1 season has developed into a real nail-biter. Momentum has shifted in favor of McLaren, and Red Bull's chances of winning the constructor's championship are seriously threatened, and Verstappen's chances are even worse. Norris is getting uncomfortably close in the driver's Championship.

Betting on F1 is very exciting, and the outcome of each race is more challenging to predict than ever before. The interest in Formula 1 betting in the US is surging. With an unprecedented three US Formula 1 races scheduled for 2024, American F1 enthusiasts have more local events to enjoy than ever before. This growing interest leads to enhanced betting opportunities, and sportsbooks offer fantastic promotions throughout the F1 2024 season.

On this page, you will find a free betting pick for the weekend and the best F1 sportsbook promos you can claim at US sportsbooks. 

Promos, including bet-and-get offers, bonus bets, and deposit bonuses, are perfect for upcoming races, especially when offered from the best sportsbook in the nation. These are the best F1 betting sites, picks, and promos at the moment: 

Bet365 Sportsbook - Best F1 Betting Site & Promo Available

Bet365 Sportsbook offers fantastic promotions, particularly for new users, which gives all users a tremendous chance to convert a small bet into a bigger bonus bet. Claim your Bet365 bonus today and check below for complete bonus offer details. 

DraftKings Sportsbook F1 Bonus

DraftKings Sportsbook, one of the most recognizable sportsbooks in the United States, offers an easy-to-navigate web platform and mobile app that makes wagering a pleasant experience. Betting in Formula 1 at DraftKings is probably where you want to do it. Few or no other sportsbooks can match the number of sportsbook bets you make at DraftKings. 

DraftKings offers excellent bonuses and promotions, especially for new users, who can enjoy top offers when betting on Formula 1.

Caesars Sportsbook - First Bet On Caesars when betting on F1

Caesars Sportsbook is well-known in the US gaming market, offering new customers various promotions and incentives. When betting on Formula 1 at Caesars the first bet is on the house. If you lose, you get if paid back in bet credits. Use our unique promo code listed below to get the best offer.

FanDuel Sportsbook - First Bet Formula 1 Promo

FanDuel has a special offer for its new users, a bonus bet if your first bet is lost. To qualify for this offer, F1 fans must sign up for a new FanDuel account using our promo link below. Simply make your first no-minimum deposit and place a wager of $10 or more. If you don’t come out as a winner, you will receive bonus bets to replace the amount.

BetMGM Sportsbook - First bet paid out in Bonus Bets

BetMGM Sportsbook boasts a great platform that makes your sports betting experience fun. To be clear, if you. do not have a Bet MGM account already, go ahead and get one ASAP. If you want to be serious about Formula 1 betting. Then you need. to be registered on this platform. Use Sqores unique promo code. to lock in the best bonus.

Fanatics F1 Sportsbook Promo

Betting on Formula 1 for the first time? Then the Fanatics bet and get offer might be the best one for you. Over 10 days you can place a bet between $5-100 and get the same amount paid back in bonus bets instantly. This is a great bonus entering a F1 double header weekend and it will cover 2 races over 10 days and you can collect plenty of Fanatics bonus credits

You can rest assured that all sportsbooks recommended on Sqore.com have been scrutinized before getting listed and even better we only work with licensed and regulated US sportsbooks. 

But if you want to do the homework yourself, these are ten vital factors to consider before choosing your sportsbook to register and bet with. 

• Reputation and Trustworthiness: This is the first thing to consider when selecting an online betting site. Choose a site that has a strong reputation and has been around for several years. Look for licenses and regulations, too, as they provide protection and recourse should something go wrong.
• Security: Look for a site with high-level encryption technology to protect your personal and financial information. Check if the betting site has a secure URL (https://).
• Betting Markets: The best betting sites for Formula 1 should offer a broad range of markets. These could include outright winners of races and championships, podium finishes, fastest laps, qualifying positions, and more.
• Odds and Pricing: Check the odds offered by different sites. A good betting site will provide competitive odds, ensuring you get the best return for your bets.
• Live Betting and Streaming: Some of the best betting sites offer live betting, allowing you to place bets as the action unfolds. Sometimes, they may also offer live streaming of races, which is a big plus for F1 fans.
• User Experience: The site should be easy to navigate, with a clear, intuitive layout. The process should be straightforward, whether you're placing a bet, checking odds, or withdrawing your winnings.
• Customer Service: Good customer service is essential. Check if the betting site offers support through multiple channels (e-mail, phone, live chat) and whether they respond promptly and professionally to queries or issues.
• Payment Options: A great online betting site will offer various payment methods, such as credit/debit cards, e-wallets (PayPal, Skrill), bank transfers, and possibly even cryptocurrencies.
• Bonuses and Promotions: Many betting sites offer welcome bonuses to attract new customers. These can include matched bets, free bets, or deposit bonuses. Regular promotions for existing customers are also a good sign.
• Mobile Compatibility: If you enjoy betting on the go, look for a site with a well-designed, fully functional mobile app or a mobile-optimized website.

Formula One is a world-renowned international open-wheel motor racing championship sanctioned by the Fédération Internationale de l'Automobile. The word ‘Formula’ in the name refers to the list of rules to which all vehicles in the race must conform. The F1 season takes place annually and features a series of races called Grands Prix, held at various locations throughout the world.

2024 Race Schedule

For the first time, there will be 24 races.

✅ Secure and Safe Payment Methods

Choose a sportsbook with reliable payment options like credit cards, e-wallets, and bank transfers. Ensure the site uses encryption to protect your financial data.

✅ Clear and Concise Terms and Conditions

Review the sportsbook’s terms and conditions carefully. To avoid surprises, ensure they are straightforward about betting rules, promotions, and withdrawal policies.

✅ Read Reviews

Read our expert sportsbook reviews on trusted sites to gauge the sportsbook’s reputation. Look for feedback on reliability, customer service, and overall user experience.

✅ Check How Fast the Payouts and Deposits Go Through

Verify the sportsbook’s processing times for deposits and withdrawals. Opt for those with quick transaction times to ensure a smooth betting experience.

Signing up is a fairly standard procedure. You will need to provide your full name, e-mail, phone number, date of birth, and the last four digits of your social security number. You will also need to choose a username and a strong password for the account and answer some security questions. 

Most sportsbooks will also ask for the state in which you are currently residing or ask you to turn the geolocation plugin on.

Once the account is registered, you might need to make your first deposit. Most sportsbooks accept all forms of payment including credit cards, debit cards, online banking, and others.

Formula 1 bets can be quite different from the usual sports like basketball and hockey. Here are the most common bets used in Formula 1 by sportsbooks.

✅ To Win bets - Simply bet on which driver you think will win the race.

✅ Podium Finish - You place a bet that a driver will be on the podium, doesn’t matter if it’s the first, second or third.

✅ Driver Matchups - Choose which of two drivers will finish higher in an upcoming race.

✅ Prop bets - You can wager that a proposed event will either happen or not happen.

✅ Pole Position - Bet on which driver will fill the first slot in the starting grid.

✅ Future bets - This is usually betting on which driver or will be awarded Champion at the end of the season.