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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 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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First Bet Offer – Up To $1,500 Paid Back in Bonus Bets
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  • 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 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.


With over 12 million customers, Unibet is a renowned bookmaker that has been providing exceptional betting services to novice and experienced bettors since 1997.

  • Best EPL Odds
  • Best for EPL Odds Best for EPL Odds
When you read the name Unibet, you immediately think of top-quality, efficient, and safe online gaming. However, after over twenty-five years in business, is this still true? For over two decades, Unibet has dominated the online gaming world. What started as a company offering sports betting services quickly expanded to casino games and poker. After all this time, can you still trust this gaming platform to deliver efficient, quality service? Read this Unibet review to find out more.
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Bet $25, Get $100 (NJ) / $100 (AZ, IN, VA) & $500 (PA) in 2nd Chance Bets
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21+. T&Cs Apply.

  • Provides a wide range of markets 
  • Attractive range of promotions
  • Award-winning brand 
Payment Methods

Must be 21+ and present in AZ, IN, NJ, PA, VA. Offer not available in all states. T&Cs apply. If you or someone you know has gambling problem and wants help, call or text call 1-800-NEXT-STEP or text NEXTSTEP to 53342 (AZ); call or text 1-800-GAMBLER (NJ/PA); call 1-800-9-WITH-IT (IN); call 1-888-532-3500 (VA).

Bottom Line 

Unibet is one of the biggest bookmakers in the world and has stepped up to provide up-to-date odds and prices on Formula 1 markets.

Why We Like Unibet 

The bookmaker takes prompt action to update odds and prices across a wide spectrum of Formula 1 markets. Unibet has also introduced several new features recently, such as live streaming, odds boosts, and cashouts. The platform holds licenses from both the Government of Gibraltar and the UK Gambling Commission, ensuring the highest level of safety and security for bettors on the site.

What Unibet Offers You

  • Favorable withdrawal times – Unibet has relatively favorable withdrawal times compared to most competitors, especially for e-wallets where withdrawals are completed within 12 hours.
  • Free phone support – Unibet is among the rarest bookies to provide free phone customer care support, which is ideal when resolving urgent concerns.
  • Clean and well-designed website – Navigation is quite easy at Unibet aided by the clean and easy-to-use website interface.
  • 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.
  • Great live streaming services – Unibet has a comprehensive live streaming section that allows you to watch thousands of events for as long as you have funded your account in the last 24 hours.


Bet365 has earned a reputable standing in the US gambling industry as a veteran betting site that provides state-of-the-art services.

  • Boosted Odds Boosted Odds
  • Great for parlays
In this Bet365 bookmaker review, we’ll take a look at everything it has to offer bettors in the U.S., from bonuses and promotions to odds and innovative features. We’ll give you the lowdown on this exciting UK brand.
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Featured Offer
Bet $1, Get $365 in Bonus Bets
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21+. T&Cs Apply.

  • Excellent for live streaming 
  • Great site for rookie bettors 
  • Appealing sign-up offer
Payment Methods

Must be 21+ and physically present in CO, IA, NJ, OH and VA. New Customers only. Bet $1 and get $365 in Bonus Bets. Sign up, deposit (minimum $10) to your account and place a qualifying bet of $1 to get $365 in Bonus Bets once your bet is settled with bet365. Bonus Bets winnings are added to Bonus Bets balance. Bonus Bet wager excluded from returns. T&Cs, time limits & exclusions apply. If you or someone you know has a gambling problem, Call 1-800-GAMBLER (CO, OH, NJ), 1-800-BETS OFF (IA), 1-888-532-3500 (VA).

Bottom Line 

Bet365 ranks among the top Formula 1 betting sites in the US, thanks to its exceptional provision of in-play betting markets.

Why We Like Bet365

Bet365 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, Bet365 has been instrumental in bringing in new developments to the industry, including live streaming services and a reliable mobile app.

What Bet365 Offers You 

  • ​​Secure betting environment – Bet365 has been licensed by the UK Gambling Commission, which monitors all its activities to ensure bettors receive fair play.
  • Instant deposits – You can get into action quickly at Bet365 as the bookmaker has provided reliable banking options that allow instant deposits.
  • Quick-to-respond customer service – Bet365 has a top-rated customer support team that responds quickly to customer concerns.
  • An intuitive mobile app – The bookmaker has ensured that you have seamless navigation via the mobile app as it is equally good as the website.
  • Offers live streaming – You can live stream numerous sports selections from Bet365, and the service is super quick.

Caesars Sportsbook

Caesars was among the first betting companies to establish a sportsbook during the legalization of sports betting in the US and has since expanded to cover 20 states.

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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$1,000 First Bet on Caesars
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21+. T&Cs Apply.

  • 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 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 or WV: visit; 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 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.

Why We Like Caesars Sportsbook 

Caesars is one of the best platforms available, providing a unique Formula 1 future betting experience. The bookmaker 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 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 Rating Best for Sign-Up bonus Review 
BetMGM 4.5/5Resourceful blog section$1000 deposit match Review
Unibet4.3/5Updated odds and pricesDeposit match up to $40Review
Bet365 4.7/5Great for in-play bettingBet $1 get $200Review
Caesars 4.6/5Future markets $1250 sportsbook bonus Review
Betway 4.6/5Multiple Formula 1 betting markets$250 in bet creditsReview 

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:


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.


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.

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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