Max Verstappen and the Red Bull racing team locked up the Drivers' Championship and Constructor's Championship, respectively, for the 2023 Formula 1 season with weeks to spare, and while they're still the favorites to win again in 2024, it seems the field is catching up.
Aside from the Australian Grand Prix in which Verstappen DNF'd due to brake issues, it was smooth sailing for the Belgian-Dutch superstar until the Miami GP. But Lando Norris beat him fair-and-square in that event to boost his stock, and two races later, Charles Leclerc broke through in the Monaco GP.
Here are the latest F1 Drivers' Championship odds and Constructor's Championship odds.
2024 F1 Drivers' Championship odds
| Driver | Team |  |
 |
 |
|---|---|---|---|---|
| Max Verstappen | Red Bull | -2,500 | -750 | -3,300 |
| Lando Norris | McLaren | +1,800 | +1,700 | +2,500 |
| Charles Leclerc | Ferrari | +1,100 | +1,100 | +1,000 |
| Sergio Perez | Red Bull | +10,000 | +11,000 | +10,000 |
| Carlos Sainz | Ferrari | +20,000 | +20,000 | +25,000 |
| Oscar Piastri | McLaren | +10,000 | +11,000 | +10,000 |
| George Russell | Mercedes | +200,000 | +50,000 | +250,000 |
| Lewis Hamilton | Mercedes | +200,000 | +50,000 | +250,000 |
| Fernando Alonso | Aston Martin | +400,000 | +50,000 | +450,000 |
| Lance Stroll | Aston Martin | +500,000 | +50,000 | +450,000 |
| Yuki Tsunoda | VCARB | +500,000 | +50,000 | +450,000 |
| Daniel Ricciardo | VCARB | +500,000 | +50,000 | +450,000 |
| Alexander Albon | Williams | +500,000 | +50,000 | +450,000 |
| Pierre Gasly | Alpine | +500,000 | +50,000 | +450,000 |
| Esteban Ocon | Alpine | +500,000 | +50,000 | +450,000 |
| Valtteri Bottas | Kick Sauber F1 | +500,000 | +50,000 | +450,000 |
| Guanyu Zhou | Kick Sauber F1 | +500,000 | +50,000 | +450,000 |
| Kevin Magnussen | Haas | +500,000 | +50,000 | +450,000 |
| Nico Hulkenberg | Haas | +500,000 | +50,000 | +450,000 |
| Logan Sargeant | Williams | +500,000 | +50,000 | +450,000 |
Odds as of 5-28-2024.
2024 F1 Drivers' Championship favorites
Max Verstappen (-750 to -3,300)
Max Verstappen appeared to regain his stranglehold on the drivers' standings soon after the Australian GP scare, but he's got company now in the form of McLaren's Lando Norris and Ferrari's Charles Leclerc.
Verstappen's sixth-place finish at Monaco was his worst result of the season other than his DNF in Australia, and his cushion in the standings is down to 31 points over Leclerc.
Charles Leclerc (+1,000 to +1,100)
Charles Leclerc's odds were slashed more than 50% across the board following his breakthrough victory in the prestigious Monaco GP, and it was a clear-cut victory over Oscar Piastri.
Leclerc has been no worse than fourth in every race to date in 2024.
Lando Norris (+1,700 to +2,500)
Lando Norris' out-of-nowhere win in Miami saw his odds come tumbling down from as high as +11,000, and his price was slashed by upwards of 50% again at some sites after a solid second in Leg 1 of F1's two-race swing in Italy.
A fourth-place result at Monaco still has him very much in the hunt.
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2024 F1 Constructors' Championship odds
The 2023 season was an all-time triumph for Red Bull, as it won 21 of 22 races. We're not seeing the same dominance so far in 2024 but Red Bull is still very much in charge here.
| Constructor | |
|
|
|---|---|---|---|
| Red Bull | -600 | -430 | -1,000 |
| Ferrari | +500 | +380 | +450 |
| McLaren | +1,100 | +1,100 | +1,000 |
| Mercedes | +100,000 | +50,000 | +100,000 |
| Aston Martin | +400,000 | +50,000 | +450,000 |
| VCARB | +500,000 | +50,000 | +450,000 |
| Williams | +500,000 | +50,000 | +450,000 |
| Haas | +500,000 | +50,000 | +450,000 |
| Alpine | +500,000 | +50,000 | +450,000 |
| Kick Sauber F1 | +500,000 | +50,000 | +450,000 |
Odds as of 5-28-2024.
Past F1 Drivers' Champions
The 2010s began with a dynastic run for Red Bull and Sebastian Vettel, and history may be repeating itself. Max Verstappen has won three consecutive Drivers' Championships, and is favored to make it four in a row.
| Year | F1 World Champion | Runner-up |
|---|---|---|
| 2023 | Max Verstappen | Sergio Perez |
| 2022 | Max Verstappen | Charles Leclerc |
| 2021 | Max Verstappen | Lewis Hamilton |
| 2020 | Lewis Hamilton | Valtteri Bottas |
| 2019 | Lewis Hamilton | Valtteri Bottas |
| 2018 | Lewis Hamilton | Sebastian Vettel |
| 2017 | Lewis Hamilton | Sebastian Vettel |
| 2016 | Nico Rosberg | Lewis Hamilton |
| 2015 | Lewis Hamilton | Nico Rosberg |
| 2014 | Lewis Hamilton | Nico Rosberg |
Past F1 Constructors' Championship winners
Mercedes had won the Constructors' Championship in eight straight seasons before Red Bull finally returned to the mountain top in 2022. They were totally dominant in 2023, and have their eyes on a third straight win this season.
| Years | Constructors' Champion | Runner-up |
|---|---|---|
| 2023 | Red Bull Racing | Mercedes |
| 2022 | Red Bull Racing | Ferrari |
| 2021 | Mercedes | Red Bull Racing-Honda |
| 2020 | Mercedes | Red Bull Racing-Honda |
| 2019 | Mercedes | Ferrari |
| 2018 | Mercedes | Ferrari |
| 2017 | Mercedes | Ferrari |
| 2016 | Mercedes | Red Bull Racing Tag Heuer |
| 2015 | Mercedes | Ferrari |
| 2014 | Mercedes | Red Bull Racing Renault |
How to bet on F1 futures odds
The most popular way to bet Formula One futures is by simply picking the winner of the F1 World Drivers' Championship. The champion is crowned via a points system based on the final race results of each drive. While the winner is not officially given the title until the final race of the season they can secure the championship with races remaining on the schedule.
Another F1 futures bet is the World Constructors' Championship which is awarded to the constructor (the team that builds the components of the car) who accumulates the most points at the end of the season. In 63 seasons, only 11 times has the winning constructor not been on the same team as the winner of the World Drivers' Championship.
F1 futures odds will usually look like this:
- Lando Norris +1,200
This means that on a $100 bet, you'll stand to profit $1,200 if Norris wins the Drivers' Championship. If it's close to the end of the season or one driver is simply that dominant, you might see a minus sign (-) ahead of their odds.
- Lewis Hamilton -175
This means that you would need to bet $175 to win $100 on Hamilton winning the Drivers' Championship.
F1 Odds FAQs
Red Bull's Max Verstappen is the betting favorite to win the Drivers' Championship.
Red Bull is the betting favorite to win the Constructors' Championship.
