F1 World Drivers' Championship Odds: Verstappen, Red Bull on Pace to Run Away

The 2023 season is underway and through two rounds, one thing is clear: Red Bull (and Max Verstappen) are going to run away with the Drivers' and Constructors' Championships... again.

Last Updated: Mar 21, 2023 4:50 PM ET Read Time: 4 min
Max Verstappen Red Bull Racing F1
Photo By - USA TODAY Sports

The 2023 Formula 1 season is underway, and the first two races looked pretty similar to what we saw in 2022.

Continuing the dominance of the '22 season, the F1 odds board features Max Verstappen and Red Bull both already entrenched as massive odds-on favorites following two impressive races.

Here are the latest Drivers' and Constructors' Championship odds, ahead of next weekend's Australian Grand Prix.

F1 World Drivers' Championship odds

Driver DraftKings bet365
Max Verstappen -550 -500
Sergio Perez +1,000 +1,000
Fernando Alonso +1,400 +1,200
Lewis Hamilton +2,800 +2,500
Charles Leclerc +2,800 +2,500
Carlos Sainz +6,500 +5,000
George Russell +6,500 +5,000
Lance Stroll +25,000 +25,000
Esteban Ocon +100,000 +50,000
Pierre Gasly +100,000 +50,000
Lando Norris +100,000 +200,000
Oscar Piastri +100,000 +200,000
Kevin Magnussen +100,000 +200,000
Nico Hulkenberg +100,000 +200,000
Guanyu Zhou +100,000 +200,000
Nyck de Vries +100,000 +200,000
Valtteri Bottas +100,000 +200,000
Yuki Tsunoda +100,000 +200,000
Alex Albon +100,000 +300,000
Logan Sargeant +100,000 +300,000

Odds as of March 21, 2023.

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Favorite to win the 2023 F1 World Drivers' Championship 

Max Verstappen (-500)

After one of the most dominant individual seasons in F1 history, Verstappen is again first in the championship race through two events, destroying the field in Bahrain and then finishing second at Jeddah... despite starting 15th.

The Dutchman is running at a pace that nobody else can remotely match, hence he is already a -500 favorite after just two races.

Sergio Perez (+1,000)

The only car even close to Verstappen's league is, well, his Red Bull teammate. After finishing second at Bahrain (by almost 12 seconds), Perez won the Saudi Arabian Grand Prix by just over five seconds, thanks in part to Verstappen starting near the back of the pack.

Checo does still trail Verstappen in the points standings, however, by virtue of his teammate stealing a point for the fastest lap in Saudi. 

Fernando Alonso (+1,400)

At 41 years old, Fernando Alonso still has it.

An offseason of Aston Martin hype has shown early promise, with Alonso taking the 99th and 100th podiums of his career to start the season.

Despite showing that he can compete with (and so far, defeat) Ferrari and Mercedes, a title challenge still seems a long way off — Alonso was not within 20 seconds of the winner in either race.

F1 World Constructors' Championship odds

The 2022 season was an all-time one for Red Bull, as it won 17 of 22 races, totaled 28 podiums, and won the title by 205 points.

The '23 season? Same dominance, with Red Bull finishing 1-2 in each of the first two races, moving from -500 following Round 1 to a whopping -2,500 after two events.

The Constructors' Championship is already a seemingly foregone conclusion, but the real challenge is for who will be No. 2, with a season-long battle expected between Ferrari, Aston Martin, and Mercedes.

Constructor DraftKings bet365
Red Bull -2,500 -2,000
Ferrari +1,800 +1,600
Aston Martin +1,800 +2,000
Mercedes +2,200 +2,000
Alpine +50,000 +50,000
McLaren +100,000 +150,000
Alfa Romeo +100,000 +200,000
AlphaTauri +100,000 +200,000
Williams +100,000 +300,000
Haas +100,000 +300,000

Odds as of March 21, 2023.

Past F1 World Champions 

The 2010s began with a dynastic run for Red Bull and Sebastian Vettel and history may be repeating itself. Max Verstappen has won consecutive Drivers' Championships, with Red Bull nearly securing a 1-2 in 2022.

Year F1 World Champion Runner-up
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
2013 Sebastian Vettel Fernando Alonso

Past F1 World Constructors' Championship winners

Mercedes had won the Constructors' Championship in eight straight seasons, before Red Bull finally returned to the mountain top in 2022.

Years Constructors' Champion Runner-up
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
2013 Red Bull Racing Renault 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 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.

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