F1 betting odds are live with the season well underway, and a title fight continuing to develop with every race.
As both title 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 as of May 18.
Favorite to win the 2021 F1 World Drivers' Championship
Formula 1 fans hoping for a title race this season must be thrilled so far. Seven-time champion Lewis Hamilton took the opening race of the season, but not without a strong challenge from Red Bull's Max Verstappen. That has continued all season, with Verstappen winning the second Grand Prix of the season and bringing a level of tenacity other so-called challengers have failed to do in recent years.
Though Hamilton won back-to-back ahead of the Monaco Grand Prix, Verstappen is bringing a type of fight to Hamilton that hasn't been seen for years, and provided the Red Bull can continue to deliver, Verstappen should push Hamilton all season long.
Through four races, Hamilton remains the betting favorite at -400, followed by Verstappen at +275.
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|
Odds courtesy of bet365 as of May 18.
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 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, with Verstappen's title challenge likely to keep them in the mix throughout the season. New second driver, Sergio Perez, has been largely off the pace in 2021 and Red Bull will need him to adjust to the new car and push Bottas as the season progresses.
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.