Formula 1 Betting in Florida

Online sports betting is not yet active in Florida. This page will be updated with the latest promos, news and odds once Florida sportsbooks launch.

Formula One racing is making inroads into popular culture in the US. There’s an American F1 team competing for the first time since the 1980s. Miami has joined Austin, Texas, as the second US stop on the F1 schedule. Netflix’s “Drive to Survive” is creating more US F1 fans every day.

Add it up, and the world’s fastest race cars are one of the fastest-growing sports in the US. With legal and regulated sports betting on its way in Florida, that also means F1 betting is likely on the rise.

What should you do to start betting on F1? What Formula One odds should be on your radar? Should you just bet on Lewis Hamilton and Mercedes every race, or Max Verstappen and Red Bull? Here are the answers to those questions and more, starting with the best online sportsbooks for F1 odds and sports betting bonuses.

Best Florida Sportsbooks for F1 betting odds

To be posted when Florida online sportsbetting is live.

Major F1 events in Florida

Starting in 2022, South Florida joins the F1 schedule with the Miami Grand Prix set for early May. The race will take place on a 19-turn street circuit-style track surrounding Hard Rock Stadium in Miami Gardens.

Practice and qualifying will happen two days prior to the race. Construction of the Miami International Autodrome on the Hard Rock Stadium campus will be complete by 2022, and organizers are finalizing ticketing and hospitality options.

Check the latest Miami Grand Prix betting odds.

How to bet on Formula 1 online

You can bet on which F1 drivers will win individual races ahead of each event. Plus, you can place futures bets on who will win the Formula One World Drivers’ Championship or which team will win the Constructors’ Championship.

You can also bet on drivers to finish on the podium, a driver’s exact finishing position, and a variety of props at top FL sportsbooks such as DraftKings Florida and FanDuel Sportsbook Florida:

List of F1 prop bets

  • The fastest lap in practice
  • Pole position
  • Leader after the first lap
  • Fastest lap in the race
  • Winning margin
  • Winning team
  • Driver head-to-heads

Betting on Formula One drivers

Mercedes driver Lewis Hamilton has dominated the F1 circuit for a number of years, but the 2021 F1 Drivers’ Championship was a two-driver race with Red Bull driver Max Verstappen. Here’s some info on the pair, with career stats through 2021:

Max Verstappen

  • Nationality: Belgian, Dutch
  • Age: 24
  • Born: 30, 1997 (Hasselt, Belgium)
  • Teams: Scuderia Toro Rosso (2015), Red Bull Racing-Honda (2016-present)
  • F1 starts: 137
  • F1 championships: None (leading in 2021 through 18/22)
  • Pole positions: 12
  • Wins: 19
  • Podiums: 56

Lewis Hamilton

  • Nationality: British
  • Age: 36
  • Born: 7, 1985 (Stevenage, Hertfordshire, England)
  • Teams: McLaren (2007-2012), Mercedes (2013-present)
  • F1 starts: 284
  • F1 championships: Seven (2008, 2014, 2015, 2017, 2018, 2019, 2020)
  • Pole positions: 101
  • Wins: 100
  • Podiums: 178

These two will almost always be the favorites to win ahead of any F1 race. The odds will shift based on who wins pole position and the other results from qualifying for each race.

The odds for perennial favorites like these two may be short most of the time, but you can get a boost betting on the exact finishing position of a driver and other options beyond just race winners.

Betting on Formula One teams

Mercedes has dominated the F1 circuit of late, winning the past seven Constructors’ Championships. Before that, Red Bull won four in a row. Here’s more info on the two teams that have dominated F1 racing for the past decade-plus:

Mercedes-AMG Petronas F1

  • Home office: Brackley, UK
  • Chief: Toto Wolff
  • Engine: Mercedes
  • Chassis: W12
  • Wins: 74
  • Constructors’ Championships: Seven
  • Pole positions: 124
  • Fastest laps: 84

Red Bull Racing Honda

  • Home office: Milton Keynes, UK
  • Chief: Christian Horner
  • Engine: Honda
  • Chassis: RB16B
  • Wins: 112
  • Constructors’ Championships: Four
  • Pole positions: 72
  • Fastest laps: 73

The odds for either of these two teams to win the F1 Constructors’ Championship will change throughout the season, but you lock in the current odds when you place a bet. This means that the Formula 1 odds will tend to be better the further away the teams are from accomplishing this goal — so in the offseason or early in the season.

F1 live betting/props

Formula One live betting and props take an already exciting betting market to another level. Rather than just picking winners ahead of a race, you can bet on all the ins and outs of any race and even during the race itself, at odds that will change depending on the action on the racetrack.

That means prop betting on everything from who will run the fastest lap, to who will run fastest on the next lap. When betting live, you’ll want to use a Florida sportsbook app to make sure you get your bet in at the odds you want.

2023 Formula 1 race schedule

Here’s the preliminary 2023 F1 race schedule:

  • Bahrain Grand Prix, Bahrain International Circuit, Mar 3-5 
  • Saudi Arabian Grand Prix, Jeddah Corniche Circuit, Mar 17-19 
  • Australian Grand Prix, Albert Park, Mar 31-Apr 2
  • Chinese Grand Prix, Shanghai International Circuit, Apr 14-16
  • Azerbaijan Grand Prix, Baku City Circuit, Apr 28-30
  • Miami Grand Prix, Miami International Autodrome, May 5-7
  • Emilia-Romagna Grand Prix, Imola, May 19-21
  • Monaco Grand Prix, Monaco, May 26-28
  • Spanish Grand Prix, Circuit de Catalunya, Jun 2-4
  • Canadian Grand Prix, Circuit Gilles Villeneuve, Jun 16-18
  • Austrian Grand Prix, Red Bull Ring, Jun 30-Jul 2
  • British Grand Prix, Silverstone, Jul 7-9
  • Hungarian Grand Prix, Hungaroring, Jul 21-23
  • Belgian Grand Prix, Spa-Francorchamps, Jul 28-30
  • Dutch Grand Prix, Zandvoort, Aug 25-27
  • Italian Grand Prix, Monza, Sep 1-3
  • Singapore Grand Prix, Singapore, Sep 15-17
  • Japanese Grand Prix, Suzuka, Sep 22-24
  • Qatar Grand Prix, Losail International Circuit, Oct 6-8
  • United States Grand Prix, Circuit of the Americas, Oct 20-22
  • Mexican Grand Prix, Autodromo Hermanos Rodriguez, Oct 27-29
  • Brazilian Grand Prix, Interlagos, Nov 3-5
  • Las Vegas Grand Prix, Las Vegas Street Circuit, Nov 16-18
  • Abu Dhabi Grand Prix, Yas Marina, Nov 24-26

F1 betting tips

Understanding the sport and the drivers and teams involved is the key to making winning F1 bets. That starts with good research and these basic F1 betting tips:

  • Watch practice and qualifying: Watch the practice sessions and qualifying in the days right before a race. This will tell you the starting grid and who wins pole position, which has a major impact on most F1 results. But it also may show you who is on form heading into a race. You’ll know if something happened that stopped the top drivers and cars from winning the pole, and how each team and driver is handling the track that weekend.
  • Find out if it’s going to rain on this parade: Weather can have a huge impact on F1 results. Drivers and teams have to react to rain and potential rain by changing tires. Some do this better than others, which means knowing the weather may give you a hint about the race results.
  • There’s no substitute for experience: Drivers who have performed well on a track will likely be favorites to do it again. Turn your guesses into educated guesses just by doing a little research about who has done well on a particular track.

How do F1 odds change between sportsbooks?

F1 racing may be more popular in Europe, but the odds on F1 races start out the same at sportsbooks on both sides of the Atlantic. For the most part, starting F1 lines will depend on global sports data company Sportradar, which has an exclusive F1 data deal. Sportsbooks around the world post these lines and then adjust them according to local betting. If someone walks into a UK bookmaker and places a big bet on Lewis Hamilton to win, that bookmaker will move its race lines in an attempt to reduce its exposure. Of course, a big bet in the UK won’t move the line at an online sportsbook in Florida, which is why you see differences between the two.

F1 betting vs. NASCAR betting

Formula One and NASCAR are both auto racing, but comparing the two is like comparing hubcaps and spoilers. F1 cars are much faster, with more advanced tech. The cars in F1 can reach up to 235 mph, making them the fastest in the world. NASCAR is stock car racing, which puts limits on cars and tech. The top speed sits at around 212 mph.

F1 races are on street-style tracks rather than a NASCAR oval, and the races will finish in less than two hours, not four. It is difficult to pass on most F1 tracks, leading to more wire-to-wire wins and an increased reliance on qualifying. Ultimately, NASCAR betting is Americana fueled by beer and hot dogs, while F1 is leading automotive science soaked in champagne.