The 2024 F1 season is here! There is a lot to get excited about ahead of the Bahrain GP Mar. 3, including taking advantage of betting markets.
Pre-season practice once again puts Max Verstappen and Red Bull Racing in the captain’s seat, which is bad news for the rest of Formula 1. The good thing is multiple teams have committed to improving the cars for their drivers, as well as putting the best drivers in the best vehicles.
Lewis Hamilton, the top F1 driver in history, has already committed to Scuderia Ferrari in 2025. There are more changes expected, including a destination for usurped Ferrari driver Carlos Sainz.
Best F1 Betting Promos
Below is what you need to know about the best F1 betting offers available.
bet365 F1 Betting Promos
The top international sportsbook is very familiar with Formula One since both have bases in the U.K. bet365 Sportsbook is letting new users pick one of two bonuses to get when they sign up with bonus code LWOS150.
- Bet $5, Get $150
- $1K First Bet Safety Net
It is rare to get to choose your welcome offer, but bet365 has no problem being unique.
You can get $150 in bonus bets with a $5 wager, or your first bet, up to $1,000, back in bonuses if it loses. Both are great bonuses and allow new players to pick the best one for them. Make sure to use bonus code LWOS150 while registering, deposit $10+, and make sure you wager at least $5 regardless of the offer.
If you choose the Bet 5 Get 150 offer, your first bet must have (-300) odds or longer (-150, +200, etc.). Regardless of the wager’s outcome, you get your bonus funds.
DraftKings F1 Betting Promos
Join DraftKings Sportsbook to get their $1,000 No Sweat First Bet. Like the First Bet Safety Net, get your first bet back in bonus funds if it loses, with the cap at $1,000. The difference with this promo is the qualifications. You only need to deposit $5 and wager $1 to qualify. Your return will be smaller, but the financial risk is notably less.
No promo code is needed.
Look for DraftKings to have one of the larger F1 betting markets because the operator prides itself on offering a plethora of wager opportunities.
Caesars F1 Betting Promos
The third operator to insure your first bet is Caesars Sportsbook. Caesars is offering new players a $1,000 first bet insurance token if their initial wager loses. When you register, use promo code LWOS1000.
The biggest name in sports entertainment is all in on F1, especially with the (second) inaugural Las Vegas Grand Prix in 2023.
BetMGM F1 Betting Promos
The other big name in Vegas is BetMGM Sportsbook. New users can get their Bet $5, Get $150 offer with bonus code LWOS. Like bet365, your bonuses are awarded to you no matter your first wager’s outcome. Deposit $10 and make sure your initial bet is $5+.
BetMGM was one of the top sportsbooks for F1 prop betting in 2023, including extensive head-to-head props. If prop betting is more your speed compared to betting race winners and places, check out BetMGM.
FanDuel F1 Betting Promos
The most popular U.S. sportsbook continues to be FanDuel Sportsbook. Their welcome offer is Bet $5, Get $150 if your first Moneyline bet wins. The wrinkle is getting a dub with your first bet, so make sure you avoid riskier bets that would have odds like (+250).
Once you register (no promo code needed), deposit at least $10 and make sure your first ML wager is $5+.
FanDuel continues to offer some of the best odds, including F1 Futures.
F1 Best Bets To Make
F1 prop bets continue to be looser as sportsbooks are spread thin making sure prop markets across all sports are being adjusted as wagers and news comes in. F1 continues to not have the most eyes on its prop markets, meaning the window for excellent odds stays open longer.
Watch for improved cars attached to good/improved drivers. Alex Albon (Williams Racing) was often available at plus-money to finish top 10 in 2023. The Williams car was much better in the second half of last season, and it showed with Albon’s results.
The most obvious case for this type of betting was Lando Norris (McLaren). His team may have been the most improved from top to bottom in 2023, and F1 bettors feasted on bad lines across the sports betting landscape.
