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BetMGM 

BetMGM offers a comprehensive range of features that cater to the needs of modern bettors, including robust financial security measures, top-tier Formula 1 odds, and attractive bonus deals.

BetMGM
BetMGM
4.8/5
BetMGM is widely regarded as one of the most reputable sportsbooks in the United States, boasting a customer base of over one million Americans. The online betting site offers a comprehensive selection of over 20 sports and leagues, including some niche-specific markets like darts of biathlon, generous bonuses, competitive odds, and other exciting features, like live streaming. If you’re considering signing up with BetMGM, read our in-depth review to determine whether it’s the right choice for you
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Featured Offer
Bet $5, Get $158 in Bonus Bets
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21+. T&Cs Apply.

Benefits
  • Many banking options 
  • Live betting 
  • Attractive welcome bonus 

Gambling problem? Call 1-800-GAMBLER in CO, DC, IL, IN, KS, LA, MD, MS, NJ, NV, 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-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI), 1-800-981-0023 (PR). In partnership with Kansas Crossing Casino and Hotel. Visit BetMGM.com for Terms & Conditions. US promotional offers not available in DC, Mississippi, Nevada, New York, Ontario or Puerto Rico.

Bottom Line 

BetMGM stands out as one of the premier Formula 1 betting sites, offering an array of tips, strategies, and predictions on Formula 1 races through their informative blogs.

Why We Like BetMGM 

What sets this bookie apart from its competitors is its commitment to assisting Formula 1 bettors with tips and predictions through its resourceful blog section. These free tips can significantly boost your winning percentage. Additionally, BetMGM provides an unparalleled number of payment options, and you can transact with ease, as there are no associated deposit and withdrawal fees.

What BetMGM Offers You 

  • A Starting Soon tab – This tab is available on the home menu and allows you to see which events are about to start, which is great for planning your betting.

  • Live betting – BetMGM allows bettors to stake on live game events, and players can wager on a wide array of live markets.
  • Parlay Plus – Bettors have a chance to increase their parlay payout by a whooping 40%.
  • Easy-to-navigate site and mobile app – BetMGM has partnered with the best developers to bring a great design for the website and mobile app.
  • Vast banking options – The bookmaker has ensured that transactions are easier due to the sheer number of banking options that have no transaction costs.

DraftKings

On DraftKings Nation, you can find the latest picks and predictions for all F1 races to help you leverage competitive pricing found on DraftKings. 

DraftKings
5.0/5
DraftKings is one of the most reputable and best-known sportsbooks operating in the United States. DraftKings was one of the first sportsbooks to offer sports betting services in the states where sports betting is legal in the USA. Since its launch in 2018, DraftKings has been one of the most recognizable brands in the iGaming industry, thanks to well-funded campaigns.
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Featured Offer
No Sweat First Bet up to $1,000
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21+. T&Cs Apply.

Benefits
  • Multiple F1 prop wagers
  • Posts F1 odds early
  • Simple user-interface
Payment Methods

GAMBLING PROBLEM? CALL 1-800-GAMBLER (1-800-426-2537) (CO/IL/IN/LA/MD/MI/NJ/OH/PA/TN/VA/WV/WY), (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. Call 1-800-NEXT STEP (AZ), 1-800-522-4700 (KS/NH), 888-789-7777/visit ccpg.org (CT), 1-800-BETS OFF (IA), or visit OPGR.org (OR). 21+ (18+ NH/WY). Physically present in AZ/CO/CT/IL/IN/IA/KS/LA(select parishes)/MA/MD/MI/NJ/NY/OH/PA/TN/VA/WV/WY only. Void in NH/OR/ONT. Full T&Cs Apply.

Bottom Line 

DraftKings covers standard as well as novelty F1 bets from practice runs to qualifications and the main race, including the winning margin, the appearance of the safety car, and more.

Why We Like DraftKings

DraftKings has one of the most stable mobile apps in the market with little to no glitches no matter how far we push the app. The futures F1 odds are among the best out there, especially for drivers other than the top favorites.

What DraftKings Offers You

  • Massive selection of F1 betting markets – The average number of betting markets for the current’s week Grand Prix is over 120.
  • Feature-rich app – DraftKings’ iOS and Android mobile apps are among the best-ranked sports betting apps in the country, guaranteeing fast response, no lagging, and tons of features.
  • Live scores and stats – The bookmaker has provided a live scores and stats section, which is very helpful when following up on matches or live betting.
  • Top futures – DraftKings offers one of the best pricing when it comes to futures, including the odds for the main favorites like Max Verstappen and Lewis Hamilton.

Betfred Sportsbook

Betfred has earned a reputable standing in the US gambling industry as a veteran betting site that provides state-of-the-art services.

Betfred Sportsbook
4.9/5
Betfred Sportsbook, launched in England in 1967, has become one of the leading names in the betting industry. Starting as a single betting shop in the UK, it has now grown into a comprehensive online betting giant that is legally available globally. In 2020, it expanded its business to the US market, providing US bettors with access to quality odds, a wide range of sports, exciting bonuses, and more. However, does Betfred US live up to the stellar reputation of its UK counterpart? Read this Betfred review to find out.
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Featured Offer
Get $105 on Fred
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21+. T&Cs Apply.

Benefits
  • Covers all major F1 betting markets
  • Great site for rookie bettors 
  • Appealing sign-up offer

Must be 21 or older. Please play responsibly. If you or someone you know has a gambling problem, help is available. Call 1-800-GAMBLER (CO, MD, OH, VA); 1-800-NEXT-STEP (AZ); 1-800-BETS-OFF (IA).

Bottom Line 

Betfred ranks among the top Formula 1 betting sites in the US, thanks to its exceptional provision of betting markets with a particular emphasis on the enhanced odds thanks to the Betfred Boost promo.

Why We Like Betfred

Betfred offers not only pre-match betting but also a comprehensive range of in-play Formula 1 betting markets. As a pioneer in the gambling industry with more than 50 years in the business, Betfred has a lot to show for, including a remarkable sign-up offer in all U.S states and competitive F1 odds.

What Betfred Offers You 

  • ​​Secure betting environment – Betfred is a licensed sportsbook with untarnished reputation, guaranteeing a fair and secure betting environment.
  • Instant deposits – You can get into action quickly at Betfred as the bookmaker has provided reliable banking options that allow instant deposits.
  • Quick-to-respond customer service – Betfred has a top-rated customer support team that responds quickly to customer concerns.
  • An intuitive mobile app – The operator has ensured that you have seamless navigation via the mobile app as it is equally good as the website.
  • Great F1 coverage – You can bet on all F1 season Grand Prixes, with more than 100 betting options for the races scheduled for that particular week.

Caesars Sportsbook

Caesars boast the most betting markets for sprint races this year, as well as top odds for sprint shootouts.

Caesars
4.9/5
For those of us who love sport and love to bet, there’s Caesars sportsbook. We love to show that we’re passionate about sports through our betting. This Caesars sportsbook review will tell you all you need and want to know about this sportsbook. If you’ve never bet with Caesars before, this review is a definite for you.
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Featured Offer
$1,000 First Bet on Caesars
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21+. T&Cs Apply.

Benefits
  • Licensed in multiple states
  • Presents numerous promotions 
  • One of the most trusted betting brands
Payment Methods

Offer valid and must be physically present in AZ, CO, IL, IN, IA, KS, LA, MA, MD, MI, NJ, NY, OH, PA, TN, VA, WV, or WY. 21+. See Caesars.com/promos for full terms. Know When To Stop Before You Start.® Gambling Problem? IL, MD, NJ, OH, TN, VA, WV, PA: If you or someone you know has a gambling problem, crisis counseling and referral services can be accessed by calling 1-800-GAMBLER (1-800-426-2537) or MD: visit mdgamblinghelp.org or WV: visit 1800gambler.net; AZ: Call 1-800-NEXT-STEP; CO, WY, KS: Call 1-800-522-4700; IN: Call 1-800-9-WITH-IT; IA: Call 1-800-BETSOFF; LA: Call 1-877-770-STOP; MI: Call 1-800-270-7117. GAMBLING PROBLEM? Call 1-800-GAMBLER. MA: CALL 1-800-327-5050 or visit gamblinghelplinema.org. NY: Call 877-8-HOPENY or text HOPENY (467369).

Bottom Line 

Caesars is a highly regarded brand and an excellent destination for bettors who enjoy placing wagers on future markets for Formula 1, as well pre-race betting markets for sprint races in particular.

Why We Like Caesars Sportsbook 

Caesars is one of the best platforms available, providing a unique Formula 1 betting experience by offering the best odds for race winners and other popular markets. Detailed statistics help you with in-play betting as well, through win probability stats and other information. The operator places a strong emphasis on the well-being of its players, with various responsible gambling programs in place to ensure healthy betting habits. Caesars also restricts underage betting and takes pride in offering safe and fair betting services.

What Caesars Sportsbook Offers You 

  • Microbetting – Caesars has partnered with Simplebet to present a more comprehensive style of betting where you can bet on more unique options than with other bookies.
  • Early cash out – You can withdraw funds from your Caesar’s account before a game is settled, particularly when you want to save your initial wager.
  • Live betting – The betting site has a live betting icon that allows you to access in-game betting markets via the website and app.
  • Numerous customer support options – You can receive detailed help using platforms such as live chat, email, phone, and Twitter.

How Our Experts Choose the Best Sites to Bet on Formula 1

To identify the best Formula 1 betting sites, thorough research is necessary to assess the key aspects of a platform. Fortunately, our team of experts at betting.com has the requisite expertise to compare different betting sites based on a range of factors, including bonuses and promotions, licensing, company reputation, market variety, and odds competitiveness. The above list comprises bookmakers that offer exceptional services based on these criteria. However, before choosing a betting site, it’s essential to consider your personal preferences and requirements.

Kevin Lan:
Racing games offer an exciting experience that has fueled the increasing demand for Formula 1 betting. That said, I recommend choosing a betting site that provides an exceptional overall betting experience. Factors such as sign-up bonuses, mobile compatibility, reliable banking options, and excellent customer support all contribute to a positive experience. To find the best betting site that meets your requirements, it’s essential to compare multiple bookmakers and read online reviews. The following sections contain a comprehensive analysis of the available options, as well as tips to guide you in your search.

Compare the Best Formula 1 Betting Sites of 2023 in the US


Several critical factors distinguish the top Formula 1 betting sites from the rest. The table below provides some clarity through comparison: 

Betting SiteBetting.com Rating Best for Review 
BetMGM 4.5/5Resourceful blog sectionReview
DraftKings5/5Stable F1 betting appReview
Betfred4.9/5Great for using bonuses on F1Review
Caesars  Sportsbook4.6/5Future markets and sprint racesReview
Unibet4.8/5Multiple Formula 1 betting marketsReview 

How to Choose the Best Site for You

This section outlines the factors to consider when selecting the best bookmakers in the US. These factors include:

  1. Security and licensing – Confirm that the betting site is legally licensed to operate in all states where they offer their services. Moreover, ensure that the bookmaker has incorporated robust security measures to safeguard your personal information and funds.
  2. Compare sign-up offers – While most betting sites offer welcome bonuses, it’s essential to compare bookmakers to find the most attractive offers.
  3. Odds and market competitiveness – Make sure you search for competitive odds and a broad range of markets to bet on.
  4. Payment methods – Bookmakers with multiple payment options give you more financial freedom in your betting experience. Consider using betting sites with secure and prominent banking options.
  5. Company reputation – The best betting sites prioritize maintaining a positive image among bettors. Read online reviews to learn more about a particular bookmaker’s reputation.
  6. Mobile functionality – Mobile betting apps enable you to bet from anywhere. Ensure that the apps have an intuitive design and are responsive.
  7. Try out the sign-up process – A top-tier betting platform should have an easy and straightforward sign-up process that gets you into immediate action after signing up.

Betting on Formula 1 Explained 

Formula 1 betting differs significantly from other sports, and it’s crucial to understand the various aspects of the game. Here’s what you need to know about betting on Formula 1:

Odds 

Understanding how to read odds in Formula 1 is essential for placing wagers on the sport and avoiding significant losses. The most common types of wagers in Formula 1 include betting on markets such as fastest laps, qualifying rounds, and the safety of the car to race.

Picks 

The increasing demand for betting on Formula 1 races has resulted in the emergence of numerous tipsters. These individuals provide predictions and analysis that can help increase your chances of winning.

Types of Formula 1 Bets 

To maximize your profits when betting on Formula 1, it’s essential to understand the various wagering markets available. Here are some of the most popular Formula 1 betting markets:

Outright Bet 

The most common type of bet in Formula 1 is betting on the race winner, where you wager on the driver you believe will win the race. The favorites are usually denoted with a negative sign, while the underdogs are marked with a positive sign

Prop Bets 

Proposition bets, also known as prop bets, are not available at all bookmakers. An example of a prop bet in Formula 1 could be betting on the type of car that will win the race.

Future Bets 

As the name suggests, futures bets are long-term wagers that allow you to bet on upcoming events. For example, you can bet on who will win the Formula 1 championship even before the season begins.

Live Betting 

Live betting is an option that enables you to bet on Formula 1 races as they happen. It requires quick decision-making as you continuously evaluate the race outcome as it unfolds.

Formula 1 Betting Strategies 

In most cases, the favorite driver in Formula 1 has the highest chances of winning the race. However, it is essential to follow a driver’s history to understand their performance better. Additionally, professional tipsters can provide valuable insights and increase your chances of making a profit.

Get to Know More About Formula 1 to Bet Smarter 

The modern era of Formula 1 began in 1950, but the sport has its roots in the 1920s and 1930s when it started as the European Motor Racing Championships. The first race was held at the British Grand Prix. Argentina became the first country outside Europe to host the Grand Prix Championship. Over the years, various rules have been introduced and abolished, such as the ban on haring cars. The sport has featured numerous top-flight drivers who have provided unmatched entertainment in the races.

Who Is the Favorite to Win This Formula 1 Season?

The 2023 Formula 1 season is generating a lot of buzz with top contenders including Max Verstappen, Sergio Perez, Fernando Alonso, Lewis Hamilton, and Charles Leclerc. Red Bull is currently favored to win the Constructors Championship with a probability of 96%, followed by Ferrari, Mercedes, and Aston Martin, each with a 4% chance.

Max Verstappen is the reigning back-to-back world champion and secured his victory with a staggering 146 points. This is why many predictions label him as the favorite to win again. However, other formidable competitors like Lewis Hamilton have a remarkable track record of victories and are expected to put on an impressive performance.

Which Teams Are Playing in the Current Formula 1?

  • Max Verstappen 
  • Sergio Perez
  • Fernando Alonso 
  • Lewis Hamilton 
  • Carlos Sainz 
  • Charles Leclerc 
  • George Russell
  • Lance Stroll 
  • Lando Norris 
  • Nico Hulkenberg 
  • Oscar Piastri 
  • Valtteri Bottas 
  • Esteban Ocon 
  • Pierre Gasly
  • Zhou Guanyu 
  • Yuki Tsunoda 
  • Alexander Albon 
  • Kevin Magnussen 
  • Logan Sargeant 
  • Nyck De Vries 

What Are the Key Dates to Keep in Mind?

  • Testing – February 23 -25, 2023 
  • Round 1 – March 3 – 5, 2023 
  • Round 2 – March 17 – 19, 2023 
  • Round 3 – March 31 – April 2, 2023 
  • Round 4 – April 28 – 30, 2023 
  • Round 5 – May 5 – 7 2023 
  •  Round 6 – May 19 – 21, 2023 
  • Round 7 – May 26 – 28, 2023
  • Round 8 – June 2 – 4, 2023 
  • Round 9 – June 16 – 18, 2023 
  • Round 10 – June 30 – July 2, 2023 
  • Round 11 – July 7 – 9, 2023 
  • Round 12 – July 21 – 23, 2023 
  • Round 13 – July 28 – 30, 2023 
  • Round 14 – August 27 – 27, 2023 
  • Round 15 – September 1 – 3, 2023 
  • Round 16 – Sep 15 – 17, 2023 
  • Round 17 – September 22 – 24, 2023 
  • Round 18 – October 6 – 8, 2023 
  • Round 19 – October 20 – 22, 2023 
  • Round 20 – October 27 – 29, 2023 
  • Round 21 – November 3 – 5, 2023 
  • Round 22 – November 16 – 18, 2023 
  • Round 23 – November 24 – 26, 2023 

Frequently Asked Questions

You can analyze factors such as odd competitiveness, number of betting markets, bonuses and promotions when looking for the best site.

Yes. Most bookmakers allow you to wager on live Formula 1 races.

There is no specific strategy that can guarantee you a win. That said, following up on favorites and tips from professional picks can enhance your winning chances.

Most bookies allow you to wager on future events such as who will win the Championship before the season starts.

John Supowitz
Content Writer

John has had a prominent career in sports media that spans over a decade. He has lent his talents to high-profile companies such as ESPN, NBC Sports, and Audacy. He’s bringing his sports betting expertise, having analyzed every major sport, including the NFL, NBA, MLB, NHL, and PGA, with a career success rate over 52%.

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