F1 World Drivers' Championship Odds: Verstappen Heavy Chalk to Repeat in 2024, Hamilton to Ferrari in 2025

Max Verstappen ran away with the 2023 F1 Drivers' Championship, while Red Bull never gave the competition a chance for the Constructors' Championship. Here's the latest odds update for the 2024 F1 season.

Feb 27, 2024 • 11:10 ET • 4 min read
Max Verstappen F1 Red Bull
Photo By - USA TODAY Sports

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 with Sunday's season-opening race at Bahrain closing in. 

Let's look at the latest 2024 F1 Drivers' Championship odds and Constructor's Championship odds as well as the recent news regarding Lewis Hamilton, who announced plans to switch from Mercedes to Ferrari in 2025.

2024 F1 Drivers' Championship odds

Driver Team DraftKings FanDuel bet365
Max Verstappen Red Bull -650 -650 -700
Charles LeClerc Ferrari +1,200 +1,600 +1,200
Lewis Hamilton Mercedes +1,400 +1,800 +1,600
Lando Norris McLaren +1,400 +2,900 +1,600
Carlos Sainz Ferrari +2,200 +2,800 +2,500
George Russell Mercedes +3,000 +3,200 +3,300
Sergio Perez Red Bull +3,000 +3,200 +3,300
Fernando Alonso Aston Martin +4,500 +4,200 +4,000
Oscar Piastri McLaren +10,000 +11,000 +10,000
Daniel Ricciardo VCARB +30,000 +42,000 +50,000
Alexander Albon Williams +60,000 +50,000 +100,000
Lance Stroll Aston Martin +80,000 +50,000 +100,000
Pierre Gasly Alpine +100,000 +50,000 +150,000
Esteban Ocon Alpine +100,000 +50,000 +150,000
Yuki Tsunoda VCARB +100,000 +50,000 +150,000
Logan Sargeant Williams +100,000 +50,000 +250,000
Valtteri Bottas Kick Sauber F1 +100,000 +50,000 +250,000
Guanyu Zhou Kick Sauber F1 +100,000 +50,000 +250,000
Kevin Magnussen Haas +100,000 +50,000 +250,000
Nico Hulkenberg Haas +100,000 +50,000 +250,000

Odds as of February 27, 2024.

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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. Could we see the same dominance in 2024?

Constructor DraftKings FanDuel bet365
Red Bull -700 -850 -600
Ferrari +700 +1,000 +600
McLaren +900 +1,600 +900
Mercedes +900 +1,300 +900
Aston Martin +5,000 +6,500 +6,600
Alpine +30,000 +24,000 +50,000
VCARB +30,000 +24,000 +50,000
Kick Sauber F1 +45,000 +50,000 +100,000
Williams +45,000 +50,000 +100,000
Haas +70,000 +50,000 +200,000

Odds as of February 27, 2024.

Lewis Hamilton to Ferrari in 2025 

The F1 world was shaken up on February 1 when Lewis Hamilton announced his switch from Mercedes to Ferrari following the 2024 season. He will be taking over Carlos Sainz's spot to drive alongside Charles Leclerc. Hamilton has raced for Mercedes since 2013 and won six of his seven world championships with the team. 

Although a Ferrari driver hasn't won a championship since 2007 the team has remained competitive, placing second in the constructors' standings five of the past 10 years.

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 next 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.

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