Best Formula 1 Betting Sites & Promo Codes for 2024

Last updated March 7, 2024

The next stop is the Jeddah Cornice Circuit in Saudi Arabia. It's yet another Saturday race day with Practise 1 and 2 starting today. Qualification is on Friday at noon ET, and the race starts 24 hours later on Sunday. 

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: 

SportsbookPromotionPromo Code
DraftKings
Bet $5, Get $150 Instantly
& Get a No Sweat NBA SGP Every Day of NBA Playoffs
NONE NEEDED - Use link
Bet365
Bet $5 and Get $150 in Bonus BetsSQOREBONUS
BetMGM
Up to $1,500 in Bonus Bets
*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.
SQOREBET
Caesars
$1,000 First Bet on CaesarsSMARTPLAY1000
FanDuel
Bet $5 Get $150 in Bonus Bets if Your Bet Wins
$200 In North Carolina, $300 in Ohio & Massachusetts
NONE NEEDED - Use link
BetRivers Sportsbook
2nd Chance Bet up to $500None Needed - Use Link

Gambling problem? Call 1-800-GAMBLER CO, DC, IL, IN, KY, LA, MD, MS, NC, NJ, OH, PA, TN, VA, WV, WY
Call 877-8-HOPENY or text HOPENY (467369) (NY), Call 1-800-327-5050 (MA), 21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). 

Best Betting Promos & Bets for this weeks Grand Prix

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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. Bet365 is active in Colorado, Ohio, Virginia, New Jersey and Kentucky, meaning you must reside or be present in one of these states to claim the Bet365 offer. 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 FOrumal 1 at DraftKings is probably where you want to do it. Few or no other sportsbook can match the number of sportsbook bets you make at DraftKings. 

DraftKings has excellent bonuses and promotions, especially for new users, who will get pampered with 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.

What makes these the best online betting sites for F1?

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 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.

2024 Race Schedule

For the first time, there will be 24 races.

No.Grand PrixLocationDates
1Bahrain Grand PrixSakhirFeb 29-March 2
2Saudi Arabian Grand PrixJeddahMarch 7-9
3Australian Grand PrixMelbourneMarch 22-24
4Japanese Grand PrixSuzukaApril 5-7
5Chinese Grand PrixShanghaiApril 19-21
6Miami Grand PrixMiamiMay 3-5
7Emilia Romagna Grand PrixImolaMay 17-19
8Monaco Grand PrixMonacoMay 24-26
9Canadian Grand PrixMontrealJune 7-9
10Spanish Grand PrixBarcelonaJune 21-23
11Austrian Grand PrixSpielbergJune 28-30
12British Grand PrixSilverstoneJuly 5-7
13Hungarian Grand PrixBudapestJuly 19-21
14Belgian Grand PrixSpaJuly 26-28
15Dutch Grand PrixZandvoortAugust 23-25
16Italian Grand PrixMonzaAugust 30-September 1
17Azerbaijan Grand PrixBakuSeptember 13-15
18Singapore Grand PrixSingaporeSeptember 22-24
19United States Grand PrixAustinOctober 18-20
20Mexican Grand PrixMexico CityOctober 25-27
21Brazilian Grand PrixSao PauloNovember 1-3
22Las Vegas Grand PrixLas VegasNovember 21-23
23Qatar Grand PrixLusailNovember 29-December 1
24Abu Dhabi Grand PrixYas MarinaDecember 6-8

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 will be awarded Champion at the end of the season.

FAQ

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
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.