2022 Formula 1 Sportsbook Promotions

May 17, 2022

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

The spotlight of this year is currently on Red Bull Racing's Max Verstappen who performed fiercely at the Miami International Autodrome, on 8 May 2022. He succeeded in standing at the main podium in the inaugural race of the Miami Grand Prix, the fifth round of 2022 F1.

With Formula 1 round 6 coming up this 20 - 22 May 2022, it is a perfect time to place your bets!

Plus, you can get incredible bonuses from these sportsbooks, which are known for their credibility when it comes to sports betting.

SportsbookBonusCode
BetMGM Sportsbookup to $1000 Risk-Free BetSQORE1000
DraftKings Sportsbook20% up to $1000None needed – follow the link
Caesars$1100 Risk-Free BetSQORECZR
PointsBet$2000 Risk-Free BetSQORE2000
BetRivers100% Up to $250250MATCH
FanDuel$1000 Risk-Free BetNone needed – follow the link
FUBO Sportsbook$1000 Risk-Free Bet + 1 Month Fubo TVSQORE1000
SI SportsbookBet $10 Get $50None needed – follow the link
Tipico$750 Risk-Free BetNone needed – follow the link

BetMGM Sportsbook $1000 Risk-Free Bet

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

It currently offers a promotion exclusively for its new users with a $1000 risk-free bet. Simply put the code below when you sign up and you’ll automatically have your first bet risk-free up to $1000.

BonusRisk-free bet up to $1000
Promo CodeSQORE1000
Perioduntil December 31, 2022
Min. Deposit$100
Eligible StatesAZ, CO, DC, IA, IL, IN, LA, NJ, NY, MI, MS, PA, TN, VA, WV, WY
Terms and Conditions21+ new users only. put on the code above when you sign-up.
Bet

$1000 bonus

DraftKings Sportsbook 20% up to $1000

DraftKings, one of the most recognizable sportsbooks in the United States, champions an easy-to-navigate web platform and mobile app that makes wagering a pleasant experience.

They have great bonuses and promotions, especially for their new users with their 20% up to $1000 deposit bonus. To claim this bonus, all you have to do is sign up using the link down below and put your first deposit and they will 20% match it up to $1000.

Bonus20% up to $1000
Promo CodeNone needed – follow the link
Min. Deposit$20
Eligible StatesAZ, CO, CT, IA, IL, IN, LA, MI, NJ, NY, PA, TN, VA, WY, WV.
Terms and Conditionsexclusively for their new sign-ups only, must be 21+
draftkings

$1000 bonus

Caesars $1100 Risk-Free Bet

Caesars have been a veteran in the US gambling industry, thus they are known to give plenty of offers and bonuses to their new users.

They are offering an $1100 risk-free bet exclusively for new sign-ups. Simply sign up and enter the code below then place your first bet to claim this bonus.

Bonus$1100 Risk-Free Bet
Promo CodeSQORECZR
Min. Deposit$20
Eligible StatesAZ, CO, IA, IL, IN, LA, NJ, NY, MI, TN, VA, WV
Terms and Conditions21+ sign up only, input the code above while signing in.
Caesars

$1100 bonus

PointsBet $2000 Risk-Free Bet

PointsBet is a premium sportsbook with a good web platform and mobile app that makes your sports betting experience a pleasant one. They are one of the best at giving promotions and bonuses, especially to their new players with their risk-free bets up to $2000.

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

Bonus$2000 Risk-Free Bet
Promo CodeSQORE2000
Min. Deposit$5
Eligible StatesCO, IA, IL, IN, NJ, NY, PA, VA, WV
Terms and Conditionsenter the code above while signing up, 21+ sign-ups only.
Points

$2000 bonus

BetRivers 100% up to $250

BetRivers is operated by Rush Street Gaming Interactive which was founded in 2009 with their sportsbook launched in 2018.

The online sportsbook offers incredible free bets and promotions, especially to new users like their current offer of a $250 deposit bonus. Simply sign up and use the promo code below to claim your bonus.

Bonus100% deposit bonus up to $250
Promo Code250MATCH
Min. Deposit$10
Eligible StatesAZ, CO, IA, IL, IN, LA, NY, MI, PA, TN, VA, WV, WY
Terms and ConditionsFirst time sign up by following the link above, must be 21+ to sign up.
bet

$250 bonus

FanDuel - $1000 Risk-Free Bet

Fanduel also has a $1000 risk-free bet up for grabs for anyone who is interested to bet on their favorite racer. 

The concept of the risk-free bet is simple. Place your first bet up to $1000 and if you lose, you get the bet amount paid back in free bets i.e it's risk-free. 

Promo Offer:$1000 Risk-free first bet 
Promo Code:NONE NEEDED - Click on the link
Promo Date:Ongoing
Eligible StatesAZ, CO, IA, IL, IN, LA, NJ, MI, PA, TN, VA, WV, WY
Terms and ConditionsFirst time sign up by following the link above, must be 21+ to sign up.
Fanduel

$1000 bonus

Fubo - $1000 Risk-Free Bet + 1 Month Fubo TV

It is exciting news for users, you can have your first bet can be 100% risk-free, and up to $1000. This is how it works, if your first bet wins, it is paid out. If it does not, it is considered will a free bet. Moreover, you also can enjoy a one-month free Fubo TV Subscription using this promo

Promo Offer:$1000 Risk-Free Bet + 1 Month Fubo TV
Promo Code:NONE NEEDED - Click on the link
Promo Date:Ongoing
Eligible StatesAZ, IA
Terms and ConditionsFirst time sign up by following the link above, must be 21+ to sign up.
fubo

$1000 bonus

SI Sportsbook - Bet $10 Get $50

SI Sportsbook new bettors that place a $10 bet on a winning team will get an extra $50 bonus. All you need to do is to click the link of the specific promo for promos. 

Promo Offer:Bet $10 Get $50
Promo Code:NONE NEEDED - Click on the link
Promo Date:Ongoing
Eligible StatesAZ, IA
Terms and ConditionsFirst time sign up by following the link above, must be 21+ to sign up.
SI

15/1 Odds free

Tipico - $750 Risk-Free Bet

Through Tipico, you can place a $750 risk-free first bet, which means that if you lose, you will receive up to $750 in free bets credited to your account.

Promo Offer:$750 Risk-Free Bet 
Promo Code:NONE NEEDED - Click on the link
Promo Date:Ongoing
Eligible StatesCO, NJ, 
Terms and ConditionsFirst time sign up by following the link above, must be 21+ to sign up.
Tipico

$750 bonus

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?

A pretty standard procedure as you need to state your full name, e-mail, username, a strong password for the account, phone number, date of birth, the last four digits of your social security number, and answer some security questions. Some sportsbooks might require you to state in which state you are currently residing.

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

Types of Formula 1 Bets

Formula 1 bets are different compared to 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 on which driver going to be on the podium, doesn’t matter if it’s the first, second or third.
✅ Driver Matchups
It is choosing between two drivers who will finish higher in an upcoming race.
✅ Prop bets
It is wagering on something that is proposed to either happen or not happen.
✅ Pole Position
It is putting on a bet on which driver will fill the first slot in the starting grid.
Future bets
It is usually betting on who or which team will be the Champion at the end of the season.

Tips on betting on Formula 1

Här är några tips att tänka på innan du väljer dina val inom golfbetting. @✅ Förstå racerbanans historia @✅ Håll utkik under de fria träningarna och @kvalsessionerna ✅ Undvik att välja favoriter @✅ Planera dina spel väl

FAQ

Is there a live betting option for Formula 1?

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

How can I use the bonuses?

Follow the link attached to each sportsbook, some might require you to type in 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.

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.