F1 betting odds are back, with Lewis Hamilton officially re-signed by Mercedes for the 2021 F1 season and all 20 seats filled. Now that the grid is set, F1 World Drivers' Championship odds are on the board, as well as odds for the Constructors Championship.
While it is likely to be another year of Mercedes dominance, F1 odds are still well worth checking out ahead of the start of the season at the Bahrain Grand Prix in March.
Who Is The Favorite To Win The 2021 F1 World Drivers' Championship?
Lewis Hamilton made history in 2020, winning his seventh Drivers' Championship to tie Michael Schumacher for the most all-time, as well as surpassing Schumacher's record for most race wins. The 2021 season should see Hamilton only further his race wins record, while likely breaking his Drivers' Championship tie with Schumacher. With still over a month to go before the season begins, Hamilton is the far-and-away favorite at -300, and rightfully so.
After two straight years finishing third in the driver standings, Red Bull Racing's Max Verstappen finds himself second on the odds board at +500. Verstappen was quite clearly the second-best driver on the grid a year ago, consistently pushing his Red Bull as far as it could go, while former teammate Alex Albon was wrestling the same car further down the grid.
A much-maligned 2020 now sees Hamilton's Mercedes teammate, Valtteri Bottas, third at +900. While Bottas has the luxury of the best car on the grid, he consistently underperformed last season. In the few instances in which a race was going his way, bad luck often found him. Bottas' time at Mercedes appears to be running out, putting a lot of pressure on his 2021 performance.
In fourth is Sergio Perez who, after getting booted from his Racing Point (now Aston Martin) seat, finds himself in the even better Red Bull seat. The second Red Bull seat has been a pressure cooker since Daniel Ricciardo's exit, but Perez has proven over his career to handle pressure well.
Rounding out the Top-5 is a driver unlikely to be there long. George Russell drives the worst car on the grid, with Williams going the entirety of 2020 without picking up a single point (no Top-10 finishes). However, the former F2 champion has long been thought of as Hamilton's successor, even driving in his place after Hamilton tested positive for COVID-19 last year. His place on the odds board is a result of Hamilton's drawn-out contract negotiations. In time, Russell will drop far, far back on the odds board — sadly, into the same area he'll find himself racing in 2021.
F1 World Drivers' Championship Odds
|Driver||Odds to win the F1 World Championship (as of February 11)|
Odds courtesy of bet365
Past F1 World Champions
Hamilton's dominance of Formula One is simply astounding: not only has he won six of the past seven years, but the year he did not win the Drivers' Championship he finished in second place by five points.
Hamilton took the mantle as the sport's top driver from Sebastian Vettel, who won four straight championships from 2010-2013 and finished second behind Hamilton in 2017 and 2018. Hamilton hasn't shown any signs of giving it back to him... or anyone else.
|Year||F1 World Champion||Runner-up|
|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|
|2013||Sebastian Vettel||Fernando Alonso|
|2012||Sebastian Vettel||Fernando Alonso|
|2011||Sebastian Vettel||Jenson Button|
|2010||Sebastian Vettel||Fernando Alonso|
Who Is The Favorite To Win The 2021 F1 World Constructors' Championship?
Mercedes is favored to win their eighth straight Constructors' Championship. In addition to being led by one of the greats in Hamilton, they can rely on Bottas to consistently pick up points toward the front of the grid. With two consistent drivers and a car that's vastly superior to the rest of the competition, it's no surprise that Mercedes is the odds-on favorite, currently sitting at -600.
The second-place team on the odds board is Red Bull Racing at +350, represented by Max Verstappen and Sergio Perez, while Ferrari, with Charles Leclerc and Carlos Sainz, is third at +1,400.
F1 World Constructors' Championship Odds
|Team||Odds to win (as of February 11)|
Odds courtesy of bet365
Past F1 World Constructors' Championship Winners
Mercedes has won the Constructors' Championship in each of the past seven seasons and is a favorite to do so once again in 2021, with the top two drivers from last year racing for them.
|2020||Mercedes||Red Bull Racing-Honda|
|2016||Mercedes||Red Bull Racing Tag Heuer|
|2014||Mercedes||Red Bull Racing Renault|
|2013||Red Bull Racing Renault||Mercedes|
|2012||Red Bull Racing Renault||Ferrari|
|2011||Red Bull Racing Renault||McLaren Mercedes|
|2010||Red Bull Racing Renault||McLaren Mercedes|
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 62 seasons, only 10 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:
- Sebastian Vettel +1,200
This means that on a $100 bet, you'll stand to profit $1,200 if Vettel 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.
Where can I bet on F1 World Drivers' Championship odds?
As the top international car racing competition, most online sportsbooks and casinos offer odds to win the F1 World Championship. Check out the best sportsbooks available where you live and see what Formula One odds they have available.