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. While Verstappen is still favored to win the drivers' title again in 2024, McLaren has caught up with Lando Norris and Oscar Piastri improving by the week.
Here are the latest F1 Drivers' Championship odds and Constructor's Championship odds.
2024 F1 Drivers' Championship odds
| Driver |  |
|---|---|
 Max Verstappen |
-600 |
 Lando Norris |
+410 |
| Oscar Piastri |
+14,000 |
 Charles Leclerc |
+20,000 |
| Carlos Sainz |
+42,000 |
 George Russell |
+50,000 |
| Lewis Hamilton |
+50,000 |
| Sergio Perez |
+50,000 |
 Fernando Alonso |
+50,000 |
| Lance Stroll |
+50,000 |
 Yuki Tsunoda |
+50,000 |
| Daniel Ricciardo |
+50,000 |
 Alexander Albon |
+50,000 |
| Logan Sargeant |
+50,000 |
 Pierre Gasly |
+50,000 |
| Esteban Ocon |
+50,000 |
 Valtteri Bottas |
+50,000 |
| Guanyu Zhou |
+50,000 |
 Kevin Magnussen |
+50,000 |
| Nico Hulkenberg |
+50,000 |
Odds as of 7-24-2024.
| Driver |  |
|---|---|
| Max Verstappen |
-600 |
| Lando Norris |
+350 |
| Oscar Piastri |
+15,000 |
| Charles Leclerc |
+25,000 |
| Carlos Sainz |
+50,000 |
| George Russell |
+100,000 |
| Lewis Hamilton |
+100,000 |
| Sergio Perez |
+250,000 |
| Fernando Alonso |
+450,000 |
| Lance Stroll |
+450,000 |
| Yuki Tsunoda |
+450,000 |
| Daniel Ricciardo |
+450,000 |
| Alexander Albon |
+450,000 |
| Logan Sargeant |
+450,000 |
| Pierre Gasly |
+450,000 |
| Esteban Ocon |
+450,000 |
| Valtteri Bottas |
+450,000 |
| Guanyu Zhou |
+450,000 |
| Kevin Magnussen |
+450,000 |
| Nico Hulkenberg |
+450,000 |
Odds as of 7-24-2024.
| Driver |  |
|---|---|
| Max Verstappen |
-600 |
| Lando Norris |
+400 |
| Oscar Piastri |
+15,000 |
| Charles Leclerc |
+25,000 |
| Carlos Sainz |
+50,000 |
| George Russell |
+50,000 |
| Lewis Hamilton |
+50,000 |
| Sergio Perez |
+250,000 |
| Fernando Alonso |
+500,000 |
| Lance Stroll |
+500,000 |
| Yuki Tsunoda |
+500,000 |
| Daniel Ricciardo |
+500,000 |
| Alexander Albon |
+500,000 |
| Logan Sargeant |
+500,000 |
| Pierre Gasly |
+500,000 |
| Esteban Ocon |
+500,000 |
| Valtteri Bottas |
+500,000 |
| Guanyu Zhou |
+500,000 |
| Kevin Magnussen |
+500,000 |
| Nico Hulkenberg |
+500,000 |
Odds as of 7-24-2024.
2024 F1 Drivers' Championship favorites
Max Verstappen (-600)
Max Verstappen is on his first multi-race losing streak of the season, and his odds have lengthened following the Hungarian GP from as short as -1,400.
Verstappen took three of the prior five races, albeit by fairly slim margins, before this cold spell began.
Lando Norris (+350 to +410)
Lando Norris' out-of-nowhere win in Miami saw his odds come tumbling down over 50% week-over-week from as high as +11,000, and the descent continues practically every week.
FanDuel moved from +850 to +600 over the previous weekend, and his odds have been slashed even further after McLaren swept the Top 2 in Hungary.
Oscar Piastri (+14,000 to +15,000)
McLaren's Oscar Piastri picked up his first career victory in the Hungarian GP. He's improved steadily as the season has gone on, posting Top 5s in six of his last seven races.
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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. Red Bull started off the season in charge, but McLaren has caught and passed them following Piastri's win in the Hungarian GP.
| Constructor |  |
|---|---|
| McLaren | -130 |
| Red Bull | -110 |
| Ferrari | +3,300 |
| Mercedes | +4,400 |
| Aston Martin | +50,000 |
| VCARB | +50,000 |
| Williams | +50,000 |
| Haas | +50,000 |
| Alpine | +50,000 |
| Kick Sauber F1 | +50,000 |
Odds as of 7-24-2024.
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.
