How To Bet On F1

In this article, we’ll show you where to bet on F1, which includes many of the sportsbooks in the sports betting industry. We’ll also provide details of the welcome offers available at the sportsbooks so that you can jump right in and begin betting on F1 right away.

Where is F1 betting legal?

Our readers often ask us, “Can I bet on F1 online legally,” and we’re always pleased to tell them that yes, they can! Many states across the country have legalized sports betting in recent years and that includes F1. However, certain states have not yet legalized sports betting, so be sure to check that your state is listed below.

• Arizona
• Arkansas
• Colorado
• Connecticut
• Delaware
• Florida
• Illinois
• Indiana
• Iowa
• Kansas
• Kentucky
• Louisiana
• Maine
• Maryland
• Massachusetts
• Michigan
• Mississippi
• Montana
• Nebraska
• Nevada
• New Hampshire
• New Jersey
• New Mexico
• New York 
• North Carolina
• Ohio
• Oklahoma
• Oregon
• Pennsylvania
• Rhode Island
• Tennessee
• Vermont
• Virginia
• Washington
• Washington, D.C.
• West Virginia
• Wisconsin
• Wyoming

If you see your state listed, you are free to join one of our trusted sportsbooks and place bets on F1 immediately.

How to bet on F1

After joining a betting site, getting started in F1 betting is just a few steps away. To assist you in getting started, we’ve crafted a step-by-step process to lead you from start to finish.

1. Select a sportsbook that offers F1 betting and complete the registration process.
2. Take advantage of one of the promotions presented by the sportsbook.
3. Create your account using either the mobile application or the sportsbook’s website
4. Use any of the available deposit methods to fund your account.
5. Head to the F1 betting tab within the sportsbook’s interface.
6. Choose an event and a specific market for your initial bet.
7. Submit your bet.

Sounds easy, right? It is! Just refer to this guide to place a bet on the next F1 race.

Where to bet on F1 races online

With the surge in popularity of Formula 1, many sportsbooks offer a variety of betting markets for the sport. However, none treat F1 better than Caesars Sportsbook, which not only offers F1 betting markets, but it handles F1 no differently than any of the major American sports. Some sportsbooks will only offer traditional markets for F1 races, such as the winner of the race. Caesars has futures, prop markets and daily odds boosts for all of the F1 races on the schedule.

F1 at Caesars

In addition to the F1-specific features of Caesars, the sportsbook also has one of the best sign-up bonuses of any sportsbook. By claiming the Caesars promo code and using the promo code PICKSWISEFULL, new customers will receive up to $1,250 in first-bet insurance. This means that if your first bet with Caesars does not win, you will receive a bonus bet back equal to the amount of your losing bet.

How F1 betting works

For those unfamiliar with F1 betting, refer to the following guide that provides a step-by-step explanation of how to place bets on F1 races.

1. Access your sportsbook account by logging in.
2. Navigate to the F1 section by clicking on the designated tab.
3. Choose a specific event from the list, such as the Dutch Grand Prix.
4. Select a market for the chosen race, such as placing a futures bet on Lewis Hamilton with odds of +1400.
5. Indicate the amount you wish to wager.
6. Confirm your bet by clicking submit bet, then sit back and enjoy the race.

Popular F1 betting types

F1 betting has some unique types of bets, most obviously because the event is a race and not a game. In this section, we will discuss a few of the various bet types for F1 races.

F1 Futures

Futures is the most common type of bet for an F1 race. A basic type of future is simply picking the driver that will win the race. In addition to single-race futures, you could also bet on the driver that will win the season-long championship as well. 

F1 Props

Another type of F1 bet is prop markets. With props, you are betting on aspects within the race itself. For example, you may bet on things such as the time of the fastest lap, the driver to complete the fastest lap or betting on a driver’s exact finishing position.

F1 Driver Matchups

Driver matchups are simply a bet on which driver will perform better against another. For example, a sportsbook may have a market such as Max Verstappen vs. Lewis Hamilton, and you would bet on who will finish better.

F1 Parlays

Parlays are not unique to F1 but certainly can be built using F1 markets. A parlay is a bet in which you combine multiple selections for the chance at an increased payout. For example, you could build a parlay such as Max Verstappen to win and Charles Leclerc to finish on the podium. You’ll need to win both legs of the parlay in order for the parlay to win, but if you do, you’ll get a nice payout.

F1 odds & betting lines explained

The previous section introduced you to the popular types of bets in F1 races. In this section, we’ll provide a little more info on those bet types using examples you might see at your sportsbook.

• Futures: Remember, futures can simply be picking the driver that will win the race. For example, you may see something like “Lando Norris to win the Las Vegas Grand Prix: +1400.”
• Props: There are countless props for F1 races, depending on the market. One type could be betting on the driver that will complete the fastest lap, which would be displayed similarly to a future bet. It could be “Max Verstappen: -150”
• Driver Matchups: Driver matchups are head-to-head bets involving two or more drivers. You may see odds like this:
• Lewis Hamilton (-135) vs Carlos Sainz (+120)

How to read F1 odds & betting lines

Building on our previous section, we will next explain the context of each bet type. To make it simple, we’ll use the same odds from above.

• Futures: Lando Norris to win the Las Vegas Grand Prix: +1400

These odds are listed with a “+” in front of a number, which shows the possible payout for a successful $100 bet. But you don’t have to bet $100, it’s just used as a guide. In this example, a $10 bet would profit $140 if Lando Norris is the driver that wins the Las Vegas Grand Prix.

• Props: Max Verstappen to complete the fastest lap: -150

These odds are shown similarly, but this time there is a “-” in front of the number. We need to think differently in this case, that number indicates how much you would need to wager in order to win $100. But again, you don’t have to bet that much. A bet of $15 could profit $10. In this case, Verstappen is extremely likely to complete the fastest lap and the amount you profit would be less than the amount you staked.

• Driver Matchups: Lewis Hamilton (-135) vs Carlos Sainz (+120)

As you can see, two drivers have listed odds in this example, meaning you can place a bet on either. As seen by the “-” Lewis Hamilton is likely to finish better than Carlos Sainz, who has the “+.” You would need to bet $13.50 on Hamilton in order to profit $10, while a $10 bet on Sainz would profit $12.

Why bet on F1?

I’m new to F1 betting, but I love it! The races are thrilling and there’s nothing like watching a driver you bet on take the lead during crunch time. I usually place a few futures on drivers that I think will win the race, but I really love all of the prop markets offered by the sportsbooks. I’m a big fan of parlays, so I usually look to pick the driver that will win the race along with another selection so that I can attempt to win a big amount. 

If you haven’t tried F1 betting, I highly suggest that you claim a deposit bonus from a sportsbook and get started before the next race.

F1 betting trends

Some sports bettors prefer to integrate trends into their approach to F1 betting. Trends entail examining past data to uncover patterns that might have significance for upcoming bets. Dependable trends often showcase strong success rates across a significant data set, although it’s crucial to recognize that they don’t ensure continuous success in forecasting winners.

Some trends for F1 betting could include how drivers have performed historically on certain tracks, how they perform in each qualifying round, and how they perform from a different starting position.

F1 betting strategies

As mentioned previously, there are no fail-safe techniques to guarantee winning in F1 betting. Nonetheless, you can utilize particular approaches to increase your likelihood of success. A multitude of F1 betting strategies are available, catering to various preferences and skill levels. By selecting the strategy that resonates with your beliefs and knowledge, you can refine your betting methodology and potentially enhance your results.

Basic

A basic F1 strategy could involve simply tailing another F1 bettor. Perhaps you have found an F1 handicapper that shares their bets for the upcoming race. A basic approach to F1 betting could simply be making those exact same bets.

Intermediate

An intermediate F1 betting strategy could be watching the qualifying rounds to see if you find anything noteworthy. You might be able to pick up on something during qualifying that could lead to a winning bet.

Advanced

Advanced F1 strategies likely would involve heavy use of statistics. For example, you may know that a particular driver has performed extremely well previously at this race track. An advanced F1 bettor would also know how to interpret qualifying data to place bets on things such as the fastest lap.

Things to avoid when betting on F1

F1 betting is not easy. Unfortunately, things such as crashes, weather and poor pit stops can all lead to surprising outcomes. Because of this, it’s important to always bet responsibly. Never bet more than you can afford to lose, as betting on any sport is extremely difficult, including F1. You want to avoid chasing your losses, as it’s very difficult to win, especially in the futures market. Only one driver can win each race, so trying to win back money to cover your losses is a poor strategy in the long run.

Betting on F1 races with mobile apps

We believe that the most convenient way to partake in F1 betting is by making use of the mobile apps provided by sportsbooks. These mobile apps can be downloaded from the App Store or the Google Play Store, offering users a direct link to a diverse selection of current betting markets, right from the palm of their hands. The mobile apps also allow you to make live bets while the race is still in progress.