Best F1 Betting Sites and Promos in July 2025

Betting on Formula 1 is more fun when bettors can take advantage of sportsbook promos and potentially gain higher profits than normal with boosted odds and new user offers. Here are the top welcome bonuses for Formula 1 bettors in the U.S. 

As Formula 1's popularity continues to increase, it is important to remember that the best sportsbooks will vary depending on each individual's betting preference. Some operators might have advantages in specific types of bets, odds, or offer an excellent user interface.

Here are our five favorite F1 betting sites:

Bet $5, Get $200 in Bonus Bets If Your Bet Wins

Claim $200

FanDuel is an excellent sportsbook for F1 betting due to its overall experience. The platform is great for new bettors as it is user-friendly with its app interface, offers competitive odds and a variety of betting options.

The welcome offer that FanDuel provides is one of the easiest to claim. Register a new account and deposit at least $5. Place your first wager of $5 or more and you'll receive $200 in bonus bets if that wager wins.

Our FanDuel promo code article details the offer, and also contains plenty of useful information about the terms and how to use your bonus bets.

🌟 Oddspedia's FanDuel review has more information on the ins and outs of the platform, and can answer any question you might have.

Bet $5, Get $150 Instantly!

New customers only. Min. $5 deposit. Min. $5 bet. $150 issued as six (6) $25 non-withdrawable bonus bets. 21+ and present in most states. Full T&Cs apply.

Bet Now

Single race betting and F1 futures are both available on DraftKings. The book offers outright winner odds for an upcoming race, but also has props including qualification and practice race props. DraftKings will offer outright winner odds without including reigning world champion Max Verstappen, making it one of the best books for betting on other F1 drivers.

The welcome bonus is as simple as can be. Just sign up, deposit at least $5, and then place a wager of $5 or more. You'll receive $150 in bonus bets, win or lose. You don't even need a DraftKings promo code. If you want to get your friends in on the F1 betting action, the DK sportsbook referral bonus is best in class.

🌟 Scroll through our DraftKings review for more intel on one of the top sports betting apps on the market.

Up to $1,500 Back In Bonus Bets

One new customer offer only. 21+. Place your first wager and receive up to $1,500 back in bonus bets if it loses. Bonus bets expire in 7 days. Add’l terms apply. Gambling Problem? Call 1-800-GAMBLER

Claim $1,500

BetMGM, another longtime leader in the industry, prioritizes user experience as it makes it easy to navigate to find your desired Formula 1 markets.

The BetMGM bonus code ODDSBONUS also makes it a solid option to sign up with. If you take advantage of this offer, you'll receive up to $1,500 in bonus bets if your first wager loses. The only downside compared to other offers is that you only get the bonus if your first bet is unsuccessful.

For Formula 1, BetMGM divides wagers between upcoming races and futures, and is a great option for team props on races. The book also has boosted props for races that include betting on top six finishers, head-to-head bets, and parlays.

🌟 You can read Oddspedia's detailed BetMGM review if you want to learn more about how the operator has developed its market-leading sports betting platform.

Bet $1, Get 10x 100% Profit Boosts

New users only. Max bet of $25 per token. Max winnings of $2,500 per token. Gambling Problem? Call 1-800-GAMBLER

Claim Boosts

Caesars Sportsbook offers a welcome bonus that gives you 10 100% profit boost tokens. You can use Oddspedia's exclusive Caesars Sportsbook promo code OPBONUSDYW to take advantage of this promotion.

Caesars also offers a great live betting product with fantastic odds for futures markets, but also offers live racing bets such as outright winner, podium finish, team props, and head-to-head driver bets. Caesars Sportsbook also has odds on qualifying and practice laps.

🌟 If you want to find out more about what the sportsbook has to offer, this Caesars review will provide all the information you could possibly need.

Bet $5, Get $150 or $1,000 Offer

New customers only. 21+ (18+ in KY). Full T&Cs apply. GAMBLING PROBLEM? CALL 1-800-GAMBLER (AZ, CO, IL, IN, KY, LA, NC, NJ, PA, OH, TN, VA) or 1-800-BETS OFF (IA). Registration required.

Claim Now

bet365 is is one of the oldest online sportsbooks, but is still a leader in the industry. Users around the globe can bet on Formula 1, as well as other motorsports like NASCAR, IndyCar and Formula E.

There are two options to claim a welcome bonus on bet365: either a bet $5, get $150 in bonus bets deal, or a $1,000 first bet safety net. You'll need bet365 bonus code ODDSBONUS (ODDS365 if you're in CO, IL, NJ, PA, or TN).

For F1 bettors, bet365 also offers boosted parlays for each upcoming grand prix race as well as futures for other races later in the calendar.

🌟 Oddspedia's bet365 review has plenty more information about the sportsbook, including what it offers Formula 1 bettors and how to take advantage of all the fantastic promotions once you've signed up.

Wondering how to get started with your Formula 1 betting? Here are some of the most popular types of wagers you can place this F1 season.

Race winner 

This is the most straightforward of all F1 bet types. The driver who crosses the finish line first after completing a pre-determined number of laps, ranging from around 44 to 78, is declared the winner. Pick a driver, and hope for the best.

Podium finish 

The top three drivers to finish a race will be on the podium in a ceremony that involves the national anthem of the race winner's home country. This type of bet is a little safer than just picking the race winner.

Top 6 finish 

In F1, the "top 6" refers to the drivers who finish in the top six positions in a grand prix. You won't win as much from this type of wager, but it's a good option for cautious gamblers.

Points finish 

Points are awarded to the top 10 finishers in a grand prix, with the driver who finishes P1 receiving 25 points, and points decreasing for each subsequent position down to one point for 10th place.

Head-to-head 

One of the most infamous races in recent memory was Max Verstappen and Lewis Hamilton's showdown in 2021 in Abu Dhabi, and betting against rival drivers head-to-head is another way to wager on Formula 1. Bettors can also bet on teammates head-to-head, such as Lando Norris and Oscar Piastri of McLaren.

Driver and team props

Formula 1 props include fastest pit stop, a double podium finish for a team, or if both cars from a team will finish the race. Previously, an extra point was awarded to the driver and team who recorded the fastest lap (as long as they finished inside the top 10 points scoring positions), but this was removed ahead of the 2025 season.

Futures 

F1 futures include which driver will win the World Driver's Championship, as well as which team will win the World Constructors' Championship. Futures can also include what team a driver will race for next season, or if they will be on the grid at all.

Sportsbook bonuses vary from location to location. A specific sportsbook might even switch up its Formula 1 promotions or odds boosts depending on what state you're in. Here's a breakdown of all the best deals by area.

Looking for the best Formula 1 betting apps for your specific region? Check out the following links:

You can take a timeout or temporarily exclude yourself from F1 wagering if things are starting to get out of control. Remember that gambling should be fun, and always play within your means.

We suggest reaching out to one of the U.S. gambling support groups listed below if you're ever in need:

• National Council on Problem Gambling

• Responsible Gambling Council

• Gamblers Anonymous

• Gam-Anon

• International Center for Responsible Gaming

• National Association of Administrators for Disordered Gambling Services

• GamTalk