Formula 1 Sports Betting Promotions

September 30, 2022

Formula 1 is probably the most popular motorsport and definitely the highest class of international racing for open-wheel single-seater formula racing cars.

Several sportsbooks are offering exclusive promos which you can grab for upcoming F1 races. Promos including risk-free bets and deposit bonuses are perfect to take advantage of for upcoming races, especially when they are offered from the best sportsbook in the nation. 

Keep scrolling to find the best promos for the next race.

SportsbookPromotionPromo Code
🏅 DraftKings Sportsbook20% Up to $1,000 None Needed - Use Link
🏅 Caesars SportsbookUp To $1,250 + 1,000 Tier Credits & 1,000 Reward Credits®SQOREFULL
🏅 FanDuel SportsbookNo Sweat First Bet Up to $1,000None Needed - Use Link
🏅 BetMGM SportsbookUp to $1,000 Risk-Free BetSQORE1000
🏅 Fubo Sportsbook$1,000 Risk-Free Bet + 1 Month Fubo TVSQORE1000
🏅 SI SportsbookBet $20 Win $200GET100
🏅 Tipico Sportsbook100% up to $100 First Deposit bonusNone Needed - Use Link
🏅 BetRivers SportsbookSecond Chance Free Bet Up To $500SPORTS
🏅 PointsBet Sportsbook$2,000 Risk-Free BetSQORE2000

Best Upcoming Races to Bet On In Formula 1

There will be four Formula 1 series in October, starting with the Singapore GP on October 2 at the Marina Bay Street Circuit. One week later, the Japan GP will be held at Suzuka Circuit on October 9. Prior to the main event, practice races and media day begin taking place on October 6. 

Moving forward to the third week of October, the U.S. GP will be held on October 23 at the Circuit of the Americas in Austin, Texas. Meanwhile, the Mexican GP at the Autódromo Hermanos Rodríguez circuit will conclude the month on October 31.

DraftKings Sportsbook - 20% up to $1,000

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.

DraftKings has great bonuses and promotions, especially for new users, with their 20% up to $1,000 deposit bonus. To claim this bonus, all you have to do is sign up using the link below and make your first deposit and they will match 20% of it, up to $1,000. Their minimum deposit is set at $20.

Promo Offer:20% up to $1,000
Promo Code:None Needed – Use Link
Eligible States:AZ, CO, CT, IA, IL, IN, KS, LA, MI, NJ, NY, PA, TN, VA, WY, WV.

$1000 bonus

Caesars Sportsbook - First Bet Free Up To $1,250 + 1,000 Tier Credits & 1,000 Reward Credits®

Caesars Sportsbook is well-known in the US gaming market, and they offer new customers a wide variety of promotions and incentives.

Caesars will match the initial wager of new customers up to $1,250, plus give them 1,000 Tier Credits and 1,000 Reward Credits®. However, you must register using our promo code SQOREFULL and make your first wager of at least $10 to be eligible for this promotion.

Promo Offer:First Bet Free Up To $1,250 + 1,000 Tier Credits & 1,000 Reward Credits®
Eligible States:AZ, CO, IA, IL, IN, LA, KS, NJ, NY, MI, TN, VA, WV

$1250 bonus

FanDuel - No Sweat First Bet Up to $1,000

FanDuel has a special offer for its new users, a bonus of up to $1,000. To qualify for this offer, F1 fans must sign up for a new FanDue 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 free bets to replace the amount. 

Promo Offer:No Sweat First Bet Up to $1,000
Promo Code:None Needed - Use Link
Eligible States:AZ, CO, CT, IA, IL, IN, KS, LA, NJ, NY, MI, PA, TN, VA, WV, WY.

$200 free

BetMGM Sportsbook - $1,000 Risk-Free Bet

BetMGM Sportsbook boasts a great platform that makes your sports betting experience a fun one.

It currently offers a $1,000 Risk-Free Bet promotion exclusively for new users. Simply enter the code SQORE1000 when you sign up and your first be will automatically be risk-free up to $1,000. Note that the sportsbook has a minimum deposit of $100.

Promo Offer:$1,000 Risk-Free Bet 
Promo Code:SQORE1000
Eligible States:AZ, CO, DC, IA, IL, IN, LA, NJ, MI, KS, TN, VA, WV, WY

$1000 bonus

BetRivers Sportsbook - Second Chance Free Bet Up To $500

BetRivers Sportsbook offers an exclusive promo to F1 fans! Newcomers can wager by taking these simple steps. Sign up for an account, deposit $10 or more, and use the promo code below. If you lose, you will get free bets equal to your loss, up to $500 (maximum of $100 in NY).

Promo OfferSecond Chance Free Bet Up To $500
Promo CodeSPORTS
Available StatesAZ, CO, IA, IL, IN, LA, NY, MI, PA, TN, VA, WV.

$500 bonus

Tipico Sportsbook - $100 sign-up bonus

Tipico Sportsbook offers a generous $100 welcome bonus to new sports bettors in New Jersey and Colorado, which you can use to bet on any upcoming race. Tipico will match your first deposit up to $100 as a welcome bonus if you sign up using our promo link and make your first deposit.

Promo Offer:100% up to $100 First Deposit bonus
Promo Code:None Needed - Use Link
Eligible States:CO, NJ

$100 bonus

Fubo Sportsbook - $1,000 Risk-Free Bet + 1 Month Fubo TV

You can have your first bet 100% risk-free up to $1,000 with Fubo Sportsbook when you sign up using our promo code. 

This is how it works - if your first bet wins, it is paid out. If it does not, it is considered a free bet. What’s more, you also can enjoy a one-month free Fubo TV Subscription using this promo code: SQORE1000.

Promo Offer:$1,000 Risk-Free Bet + 1 Month Fubo TV
Promo Code:SQORE1000
Eligible States:AZ, IA

$1000 bonus

SI Sportsbook - Bet $20 Win $100

SI Sportsbook’s new bettors that place a $20 bet on a winning team will get $100 in free bets. All you need to do is to click the link below, sign up to SI Sportsbook, and enter the promo code GET100

Promo Offer:Bet $20 Win $100
Promo Code:GET100
Eligible States:CO, VA, MI

$100 bonus

PointsBet Sportsbook - $2,000 Risk-Free Bet

PointsBet Sportsbook  is a premium sportsbook with a great web platform and mobile app that makes your sports betting experience a pleasant one. Requiring a minimum deposit of only $5, they are one of the best at offering promotions and bonuses, especially to their new players with their risk-free bets up to $2,000.

Simply sign up to their website and enter the code below. Your first bet will be risk-free up to $1,500 if it is a PointsBetting Wager and you’ll get $500 back if you lose on your first fixed odds bet.

Promo Offer:$2,000 Risk-Free Bet
Promo Code:SQORE2000
Eligible States:CO, IA, IL, IN, NJ, NY, PA, VA, WV

$2000 bonus

Formula 1 Overview

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.

The 2022 season is the 73rd edition of the competition involving 20 drivers from 10 participating constructor teams. There are 22 rounds of Grand Prix this season, which spans from the Bahrain GP on March 20 to the Abu Dhabi GP on November 20. Ten GPs have already been held, with the latest being in Great Britain.

The competition awards two championships, the World Drivers' Champion for individual drivers, and the World Constructors' Champion for teams. Racers are currently competing to claim the title of World Champion from 2021 victor Max Verstappen. They may need to strive harder though, as Verstappen currently sits comfortably far ahead of other racers in the F1 2022 season.

How to pick the best online sportsbook for Formula 1 betting?

✅ Secure and safe payment methods
✅ Clear and concise terms and conditions
✅ Read reviews
✅ Check how fast the payouts and deposits go through

How to sign up on a betting site?

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.

Types of Formula 1 Bets

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 which will be awarded Champion at the end of the season.


Is there a live betting option for Formula 1?

Some sportsbooks offer live betting for Formula 1, check out their websites for more information.

How can I use the bonuses?

Follow the promo link to each sportsbook, some might require you to enter the promo code. You can only use the bonuses once.

Where can I find more information about Formula 1?

You can find more information on their Formula 1 official website. You can also stay tuned to our site to find F1 predictions and picks!

Gus Anderson
Gus Anderson is a gambling wizard. As a kid he dreamt about becoming a Tennis, Hockey and Golf professional but ended up as a gambling professional with focus on both sports & casino.