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 they're odds-on favorites to win again in 2024.
Aside from the Australian Grand Prix in which Verstappen DNF'd due to brake issues, it's been smooth sailing for the Belgian-Dutch superstar.
Let's look at the latest 2024 F1 Drivers' Championship odds and Constructor's Championship odds.
2024 F1 Drivers' Championship odds
Driver | Team | |||
---|---|---|---|---|
Max Verstappen | Red Bull | -10,000 | -2,200 | -10,000 |
Sergio Perez | Red Bull | +2,800 | +3,200 | +3,300 |
Charles Leclerc | Ferrari | +8,000 | +7,000 | +6,600 |
Carlos Sainz | Ferrari | +8,000 | +7,500 | +8,000 |
Lando Norris | McLaren | +10,000 | +11,000 | +10,000 |
Oscar Piastri | McLaren | +75,000 | +42,000 | +50,000 |
George Russell | Mercedes | +100,000 | +50,000 | +100,000 |
Lewis Hamilton | Mercedes | +100,000 | +50,000 | +100,000 |
Fernando Alonso | Aston Martin | +150,000 | +50,000 | +150,000 |
Lance Stroll | Aston Martin | +300,000 | +50,000 | +250,000 |
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 4-23-2024.
2024 F1 Drivers' Championship favorites
Max Verstappen (-2,200 to -10,000)
That escalated quickly.
After righting the ship with back-to-back wins in Japan and China, Verstappen's odds to win the Drivers' Championship cratered to -10,000 at two of the three sportsbooks we're tracking. He's now won four of the first five races of the season, and the next event on the schedule is the Miami Grand Prix on May 5, a race that Verstappen has swept the first two runnings of.
Now might be a good time to start looking at the betting for Formula 1 Drivers' Championship Without Max Verstappen, where Red Bull teammate Sergio Perez is "only" a -600 favorite.
Sergio Perez (+2,800 to +3,300)
Sergio Perez's odds have shot up considerably from as low as +800 as he missed a quality chance at a win after his Red Bull Racing teammate retired early in Australia.
Since that fifth-place effort Down Under, Perez picked up a runner-up result in Japan and a third in China. Only Perez and Charles Leclerc have place Top 5 in all five races this year.
Charles Leclerc (+2,500 to +3,300)
Charles Leclerc was unable to capitalize on his second-place starting position in both the Bahrain GP and Saudi Arabian GP, just missing a podium with a fourth-place result in the former before taking third in the latter.
Ferrari's No. 1 driver managed his best finish of the year in the Australian GP, second, but it still feels like a missed opportunity after Verstappen's misstep. He's gotten further away from the Top 2 after fourth-place efforts in both Japan and China.
Carlos Sainz (+2,500 to +3,300)
Carlos Sainz went into the Australian GP just two weeks removed from appendicitis to score a dramatic victory, his first since September 17 of last year.
He entered that race as high as +6,600 to win the Drivers' Championship. After dropping to as low as +2,500, he's now above that original +6,600 price following a third in Japan and a fifth in China.
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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 seeing the same dominance so far in 2024 following wins in four of the first five races.
Constructor | |||
---|---|---|---|
Red Bull | -5,000 | -3,500 | -5,000 |
Ferrari | +1,800 | +2,200 | +2,000 |
McLaren | +10,000 | +11,000 | +10,000 |
Mercedes | +25,000 | +20,000 | +25,000 |
Aston Martin | +100,000 | +50,000 | +100,000 |
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 4-23-2024.
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.