Formula 1 has seen tremendous growth in the US market over the past few years. The Netflix documentary series Drive to Survive has been a huge success showcasing the sport to a North American audience, with the series credited with igniting the new interest in F1 in the United States. There are now five seasons of the popular documentary series.
Texas had been home to the only US Formula 1 race from 2012 to 2021, with Austin hosting the United States Grand Prix in those 10 seasons (Formula 1 did not even have a race in the US between 2008 and 2011). Formula 1 has since added two more races in the United States (Miami and Las Vegas) for the 2023 season thanks to the increased interest in the sport.
On this page I will recommend our top rated betting site for Texas residents, touch on the betting regulations in the state, look at the different bets you can make on Formula 1, and finish with a simple 3 step guide you can follow to bet on F1 online.
Best F1 Betting Site for Texans
Bovada.lv is our top rated online sportsbook for Texas residents interested in betting on Formula One. Bovada is an offshore betting site that has served the US market since 2012, becoming the most popular sportsbook serving the US over that time. They have a huge selection of F1 bets for each race.
Sports Betting in Texas
At this time it is not legal to operate a sportsbook in the state of Texas. The earliest we will see any movement towards betting regulation is 2025 because the Texas legislature only meets every two years.
That said, Texas residents can still place bets through offshore betting sites that are regulated and licensed outside of the USA. Bovada.lv falls into this category, as a popular offshore betting site that has served the US market (including Texas) since 2012.
Popular Formula 1 Bets
To find the F1 betting lines at Bovada.lv select ‘Motor Sports’ from the All Sports drop down menu, and then select ‘All Formula 1’ from the ‘Motor Sports A-Z’ drop down menu.
The most popular F1 bet is wagering on which driver wins the upcoming race. The race winner odds will generally be at the top of the Formula 1 betting page at Bovada. Here’s an example screenshot of the odds for the 2023 Austrian Grand Prix (odds taken June 28th, 2023):
Other Race Bets
Bovada has a massive selection of other betting options for each F1 race. They have head to head betting lines for all of the practices, qualifying and the actual race, top 3, top 6 and top 10 finish betting lines for all drivers for both the race and qualifying, and many more bets. Here’s a short list of some of the other bets available:
- Race Winner Trifecta (pick the top 3 finishers – the same as a trifecta in horse racing)
- Driver of the Day
- Fastest Qualifier
- Qualifying Winning Car
- Qualifying Winning Margin
- Fastest Lap Driver
- Winning Car
- Driver To Finish Race
- Number of Safety Cars
- First Driver to Retire
Formula 1 Futures
Bovada.lv also has a variety of futures betting lines for the F1 season. They have the Drivers Championship and Constructors Championship outrights available, as well as a variety of other futures such as driver points head to heads, driver wins in the season, and more.
How To Bet On F1 From Texas – 3 Step Guide
Complete this three step tutorial to bet on Formula 1 online from Texas.
Step 1. Open A Bovada.lv Account
Click the above link and complete the sign up form to open your account.
Bovada is the most popular sportsbook serving the United States betting market and our recommended site for Texas residents.
Step 2. Deposit
After logging into your Bovada account click on the ‘Deposit’ button. Select one of the deposit options, enter your deposit amount, and follow the instructions for your chosen method to complete your deposit.
Bovada accepts Visa, MasterCard, American Express and Bitcoin deposits.
You will receive a 50% matching bonus up to $250 on your first deposit. You can claim this bonus on your ‘My Rewards’ page.
Step 3. Place Your Formula 1 Bets
Click ‘Sports’ from the top menu bar on the Bovada website, open the ‘All Sports’ drop down menu and select ‘Motor Sports’.
On the Motor Sports page, open the ‘All Motor Sports’ drop down menu and select ‘All Formula 1’ to see the full list of F1 betting lines.
Select the odds of the bet you want to make, enter your risk amount on the Bet Slip, and click ‘Place Bets’ to make your bet.
Here’s a screenshot showing most of the clicks to place an outright winner bet on an F1 race:
Are you ready to bet? Click here to visit Bovada.lv.