Formula One racing is the top level of single-seater auto racing worldwide. F1 is an international sport with Grand Prix races in over 20 countries each year, including the United States.
Formula One has gained tremendous popularity here in the United States largely thanks to the Drive to Survive documentary series that sees significant viewership in the USA each year. Due to this new appreciation for the sport, F1 has added two more races in the United States with the Miami race being added in 2022 and the Las Vegas race in 2023.
On this page we explain the options Americans have for betting on Formula 1, look at some of the popular bets you can make on F1 races, and finish with a step by step guide to getting started.
Where Can Americans Bet On Formula 1?
Your options depend on where you live. Here are the main ways to bet on Formula 1 races in the United States.
Licensed Sportsbooks
Sports betting is legal in more than 35 states plus Washington, D.C., where licensed sportsbooks such as DraftKings, FanDuel and BetMGM offer odds on Formula 1 races. You must be 21 or older in most states and physically located in a state where the sportsbook is licensed.
Offshore Sportsbooks
Offshore sportsbooks are licensed outside the United States and accept bets from across the country. They are not licensed or regulated by any US state, which means Americans who use them have no state regulator to turn to if there is a dispute over a bet or a withdrawal.
Licensed sportsbooks offer a wide variety of betting lines on every Formula One race.
Formula 1 Betting Options
Race Winner
The most popular bet in F1 is simply wagering on which driver will win the race. In Formula One there are typically only a handful of drivers with a realistic shot at the win each week. You can see this in the 2026 Monaco Grand Prix odds below: a small group of favorites sits at the top with short prices, followed by a clear gap down to the mid-field contenders, and then another big jump to the rest of the grid who are given little chance of winning.
Fastest Lap
Instead of betting on the overall race winner, you can bet on which driver will record the fastest lap during the race. There is a much wider variety of drivers with a real chance at winning this category and it keeps you in the bet right until the final lap.
Fastest Qualifier
Another popular bet doesn’t even involve the race. Instead you can bet on which driver will have the fastest qualifying time on Saturday and earn the pole position for Sunday’s race.
This screenshot shows the fastest qualifier odds from the Monaco Grand Prix in 2026.
Other F1 Betting Options
There are several other bets you can make on F1 races in addition to the three popular bets listed above. Here is a list of some of the other Formula 1 bets you will commonly find at sportsbooks.
- Fastest In Practice
- Will Driver Finish in the Points?
- Will Driver Finish in Top 3?
- Will Driver Finish in Top 6?
- Will Driver Finish in Top 10?
- First Driver Retirement
- First Constructor Retirement
- Winning Manufacturer
- Head To Head Driver Betting
- Group Driver Betting
Bet On F1 From the United States – Step By Step
Whichever option you choose, the process of getting started is similar. Here’s a general guide.
Step 1. Choose Your Option
Decide which option fits how you want to bet. Licensed sportsbooks are the regulated option in states where sports betting is legal. Review the options above before signing up.
Step 2. Check The Age and Location Rules
Licensed sportsbooks require you to be 21 in most states and physically located in a state where they are licensed. They will confirm your age and location when you sign up.
Step 3. Create and Verify Your Account
Sign up with your legal name, date of birth and address. Regulated platforms are required to verify your identity, so you may be asked for the last four digits of your Social Security number or a photo of your ID.
Step 4. Fund Your Account
Deposit using one of the platform’s payment methods, which commonly include debit cards and bank transfers. Check how withdrawals work, and how long they take, before you deposit.
Step 5. Find The Market and Place Your Bet
Navigate to the Formula 1 section, select the market you’re interested in, and choose your position. Before confirming, check the price or odds and how much you stand to win, using the bet types explained above as a guide.
Step 6. Set Limits
Decide on a budget before race weekend and stick to it. Most regulated platforms let you set deposit and time limits in your account settings. If betting stops being fun, help is available 24/7 by calling 1-800-GAMBLER.
For more state by state detail, check out our USA sports betting page.
Tagged With : F1 • F1 Betting • Formula 1 • Formula One