F1 betting odds are live with the season nearly at its summer break and a two-driver title fight well underway.
As both championship pictures come into focus, the F1 World Drivers' Championship odds, as well as odds for the Constructors Championship, change considerably race-to-race.
Here are the latest F1 odds for the 2021 season.
F1 World Drivers' Championship odds
|Driver||Odds to win the F1 World Championship|
Odds courtesy of bet365 on July 20.
Favorite to win the 2021 F1 World Drivers' Championship
For the first time in several years, F1 fans are enjoying a genuine title race. Seven-time champion Lewis Hamilton and Red Bull's Max Verstappen have traded jabs all season, with a stretch of race wins for Verstappen surging the Red Bull driver to the top spot.
However, a dramatic opening lap of the British Grand Prix saw Verstappen crash out of the race, while Hamilton would eventually overtake race leader Charles Leclerc for his first race win since the Spanish Grand Prix.
Verstappen's lead over Hamilton is just eight points, but he remains a -200 favorite with Hamilton +150 to win the Drivers' Championship.
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|
F1 World Constructors' Championship odds
|Team||Odds to win|
|Red Bull Racing||-200|
Odds courtesy of bet365 on July 20.
Favorite to win the 2021 F1 World Constructors' Championship
As Verstappen surged to the top of the Drivers' Championship, Red Bull Racing did the same in the Constructors' Championship for the first time in several years, and are now a -200 favorite.
The emergence of Sergio Perez as a reliable second driver has provided Red Bull's title hopes with a huge boost, and the pair look primed to push their team toward a 2021 championship.
Mercedes, chasing their eighth straight Constructors' Championship, are now second on the odds board at +150. With one of the greatest drivers ever in Hamilton, Mercedes have dominated the sport but have shown cracks this year, with second driver Valtteri Bottas struggling.
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 betting odds?
As the top international car racing competition, most online sportsbooks and casinos offer F1 odds. Check out the best sportsbooks available where you live and see what Formula 1 odds they have available.