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Formula 1 cars racing on track with NXT Bets logo and text overlay: 'How to Play Formula 1 DFS in Rhode Island.' Image represents fantasy sports betting in Rhode Island for F1 fans.

How to Play Formula 1 DFS in Rhode Island 

Are you looking for an easier or more exciting way to engage with Formula 1 races and events in Rhode Island? You are in luck! Rhode Island is a member of the original 13 states that allows residents to bet on sports. However, it prohibits online sportsbooks or mobile betting platforms. For Formula 1 fans who cannot travel to the state’s tribal casinos (at Ocean Gate) to bet, platforms like Underdog Fantasy offer a simple, exciting, and accessible alternative called Daily Fantasy Sports (DFS). It has a simple format that accommodates diverse users and skills. Instead of betting on race outcomes, DFS players predict individual athlete performances against specified metrics or set projections. 

At NXTbets, we offer extensive Formula 1 resources to help F1 fans, bettors, and DFS enthusiasts enhance their knowledge and gaming experience. This guide will explore relevant aspects of Formula 1 Daily Fantasy Sports (DFS) gaming in Rhode Island, including its working mechanism, how to begin playing, potential offers, and successful gaming tips. Continue reading to learn more. 

1
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6369 other players have claimed this offer
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Offer Score

9.9
2
Hot & Trending
BET $5 ON F1, GET $200
IN BONUS BETS INSTANTLY
8690 other players have claimed this offer
Must be 21+. Gambling Problem? Call 1-800-GAMBLER
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Offer Score

9.8
3
Hot & Trending
UP TO $1,500
BACK IN BONUS BETS
8690 other players have claimed this offer
Must be 21+. Gambling Problem? Call 1-800-GAMBLER
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Offer Score

9.9
4
Global Sportsbook
BET $5, GET $200
IN BONUS BETS WHEN YOUR FIRST BET SETTLES
2249 other players have claimed this offer
Must be 21+. Gambling Problem? Call 1-800-GAMBLER
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Offer Score

9.7
5
Fan Favorite
GET UP TO $1000 IN BONUS BETS
PAID BACK IF YOU LOSE
7749 other players have claimed this offer
Must be 21+. Gambling Problem? Call 1-800-GAMBLER
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Offer Score

9.7

How Formula 1 DFS Works

Formula 1 Daily Fantasy Sports (DFS) contests are quite straightforward. Players select their favorite drivers (or underdogs) and predict their performance in upcoming races subject to specified metrics or projections. They are short-term and event-based, unlike the season-long traditional fantasy sports leagues, allowing participants to win real money relatively fast by making accurate predictions. Learn how to kickstart your Daily Fantasy Sports (DFS) career in the next section. 

Step-by-Step Guide: How to Play Formula 1 DFS in Rhode Island

Follow the steps below to launch your Formula 1 Daily Fantasy Sports journey in Rhode Island: 

Step 1: Create Your Underdog Fantasy Account

  • Visit the Underdog Fantasy website to register. You can also download its mobile application from your App Store (iOS) or Play Store (Android). 
  • Locate and click on the “Sign Up” button. Then, enter relevant details like your username, password, email address, and date of birth in the appropriate fields. 
  • Enter a promo code in the specified field to register or qualify for the deposit bonus. 
  • Review and accept the platform’s Terms of Use. Confirm Underdog Fantasy’s age and geographic requirements to establish eligibility. 
  • Review your details and submit. 

Underdog Fantasy may ask you to verify your identity (to ensure it complies with regulatory requirements). Provide additional information as requested or promptly upload the necessary documentation to complete your identity verification. 

Step 2: Deposit Funds into Your Underdog Fantasy Account

The next step is funding your new account. Here are a few relevant things to note: 

  • Deposit methods: Underdog Fantasy accepts various deposit methods, mostly PayPal and credit cards. Navigate to the deposit section, choose the most suitable method, enter relevant details, and select the deposit amount. 
  • Deposit bonus: This platform matches up to 50% of qualifying deposits. To unlock the sign-up bonus, you must deposit at least $10 after signing up. 

Underdog Fantasy processes deposits instantly, saving you time as you begin your Daily Fantasy Sports(DFS) journey. Remember to enter the correct information and not share your payment details with unauthorized persons. 

Step 3: Choose a Formula 1 Contest

Get ready to play once you’ve loaded your account. The following process applies: 

  • Log in to your account and navigate to the Formula 1 section. 
  • Choose the relevant contest (Pick’em) from the ones you can see. 
  • Select picks: Determine the number of Better/Worse predictions you want to make. While more picks mean a higher potential payout, consider your budget and real-money gaming strategy. 

Step 4: Make Your Pick for the Formula 1 Race

After the above steps, it’s time to make your picks for the upcoming race. Let the following guide you:

  • Selecting drivers: Choose drivers based on your upcoming race prediction. You must pick whether they will perform better or worse than a specified position. 
  • Understand the payout structure: Your potential payout will depend on your total accurate picks (and the specific contest’s rules). Check the payout and note it down. 

Step 5: Submit Your Entry and Monitor Your Results

Submit your entries after making informed picks. Note the following: 

  • All Underdog Fantasy entries must be submitted before the race begins
  • Underdog Fantasy does not allow post-submission changes. Review your picks carefully before submitting them. 
  • You should track your performance using Underdog Fantasy’s real-time updates and notifications. 

Monitor your DFS performance over time, identify mistakes, and make necessary changes or adjustments. 

Potential Offers for Rhode Island Players on Underdog Fantasy

Underdog Fantasy offers exciting promos for new and existing Rhode Island users. Enter a viable promo code during sign-up, followed by a qualifying deposit for a 50% deposit match (capped at $1,000). For example, a $1,000 deposit can earn you $500 in additional funds if you are eligible for the sign-up offer.

Check out NXTbets and your account’s promotions page for additional promos and bonuses. Remember to review relevant terms and conditions and adhere to the wagering restrictions and requirements associated with Underdog Fantasy’s offers. 

Is Formula 1 DFS Legal in Rhode Island

Yes. Daily Fantasy Sports (DFS) contests are legal in Rhode Island. In 2016, Attorney General Peter F. Kilmartin confirmed its legality, advising the legislature to establish necessary regulations to protect DFS players.

DFS is classified differently from sports betting in Rhode Island and is subject to distinct regulations. After confirming your eligibility, sign up with Underdog Fantasy today to begin your DFS journey. 

Tips for Success in Formula 1 DFS

The following tips can boost your Formula 1 Daily Fantasy Sports (DFS) results: 

Understanding Driver Performance

An athlete’s past outcomes can help you predict their performance in an upcoming race. Research every driver’s past performance, current form, and track-specific record. Use the information to obtain valuable insights into their possible race outcomes. 

Track-Specific Strategies

F1 circuits have different characteristics (including layouts) that can influence race results. For example, longer and straighter tracks favor fast drivers, while tighter or more technical circuits require drivers with excellent handling and braking skills. Surface grip and elevation can also affect tire performance and fuel strategy, creating opportunities for some and inconveniencing others. 

Utilizing Fantasy Tools

Although Underdog Fantasy offers insightful in-app tools and a user-friendly platform, consider leveraging relevant external statistical analysis or projection tools and resources for more informed picks. 

Managing Your Bankroll

You need effective bankroll management strategies for a long, successful, sustainable DFS experience. Here are a few relevant bankroll management tips: 

  • Make smaller entries as you familiarize yourself with Formula 1 DFS contests and dynamics. 
  • Increase your stakes as you get more comfortable or after developing a solid strategy. 
  • Set a budget and stick to it. Regardless of the outcome, do not chase losses or exceed your betting limits. 

Conclusion

Does Rhode Island’s online sports betting restrictions limit you? Worry not; an exciting alternative exists. Consider Formula 1 DFS contests if you find betting on F1 races or events challenging where you live. Underdog Fantasy operates freely in Rhode Island, allowing residents to predict their favorite athletes’ performances for real money prizes. Create a DFS account today, verify your identity, and deposit adequate funds to begin your DFS journey. Research extensively, consider various track conditions, utilize relevant tools, and play responsibly for better results. 

Stay tuned with NXTbets for more Daily Fantasy Sports (DFS) blogs, responsible gaming, real-time data, and expert picks. You can subscribe to our newsletter for timely updates, actionable insights, and exclusive offers.

1
Fan Favorite
BET $5, GET $200
IN BONUS BETS INSTANTLY
6369 other players have claimed this offer
Must be 21+. Gambling Problem? Call 1-800-GAMBLER
logo

Offer Score

9.9
2
Hot & Trending
BET $5 ON F1, GET $200
IN BONUS BETS INSTANTLY
8690 other players have claimed this offer
Must be 21+. Gambling Problem? Call 1-800-GAMBLER
logo

Offer Score

9.8
3
Hot & Trending
UP TO $1,500
BACK IN BONUS BETS
8690 other players have claimed this offer
Must be 21+. Gambling Problem? Call 1-800-GAMBLER
logo

Offer Score

9.9
4
Global Sportsbook
BET $5, GET $200
IN BONUS BETS WHEN YOUR FIRST BET SETTLES
2249 other players have claimed this offer
Must be 21+. Gambling Problem? Call 1-800-GAMBLER
logo

Offer Score

9.7
5
Fan Favorite
GET UP TO $1000 IN BONUS BETS
PAID BACK IF YOU LOSE
7749 other players have claimed this offer
Must be 21+. Gambling Problem? Call 1-800-GAMBLER
logo

Offer Score

9.7

Frequently Asked Questions (FAQs)

Formula 1 DFS focuses on single-event competitions and individual player performance. Conversely, traditional fantasy sports contests run for entire seasons and require players to draft salary-cap teams. 

Yes. You can win cash prizes by making correct Formula 1 DFS predictions in Rhode Island. Your potential income is directly proportional to the number of correct picks. Always research extensively to make informed selections. 

Depending on your budget and preferred contest, you can make 2-5 or 3-8 picks on Underdog Fantasy. Remember, the more the picks, the higher the potential payout. 

Yes. Rhode Island recognizes and regulates Underdog Fantasy. It protects new and existing users through secure payment methods, regulatory compliance, and strong data encryption measures. 

In addition to the strategies discussed in the blog, you can enhance your chances of DFS success by analyzing relevant race-day conditions and considering the potential impacts of weather conditions on driver performance. 

Please refer to Affiliated Operators’ T&C. Void where prohibited. Gambling problem? Call 1-800-GAMBLER