2023 Miami Grand Prix Odds: Verstappen Favored for Third Win in Five Weeks

Max Verstappen has won two of four races to kick off the 2023 campaign, only solidifying his dominance over the Formula 1 grid. As such, he's alone atop the Miami Grand Prix odds board.

Last Updated: May 6, 2023 12:21 PM ET Read Time: 4 min
Max Verstappen Red Bull Formula 1
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Lather, rinse, repeat.

Red Bull continues to dominate proceedings in F1 this season, and the Formula 1 odds for this Sunday's Miami Grand Prix are calling for more of the same.

Defending F1 champ Max Verstappen and teammate Sergio Perez are once again on top of the odds board to win the Miami Grand Prix on May 7.

Find out where the field stands after qualifying in our full Miami Grand Prix odds breakdown below.

Miami Grand Prix odds

Driver DraftKings
Max Verstappen -250
Sergio Perez +350
Charles Leclerc +1,600
Carlos Sainz +1,600
Lewis Hamilton +2,200
George Russell +2,200
Fernando Alonso +2,200
Lando Norris +8,000
Lance Stroll +13,000
Pierre Gasly +30,000
Esteban Ocon +30,000
Nico Hulkenberg +50,000
Kevin Magnussen +50,000
Yuki Tsunoda +90,000
Valtteri Bottas +90,000
Oscar Piastri +90,000
Nyck de Vries +90,000
Logan Sargeant +90,000
Guanyu Zhou +90,000
Alex Albon +90,000

Odds as of May 6, 2023.

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Miami Grand Prix favorites

Max Verstappen (-250)

Following the pattern, it looks like it's Max Verstappen's turn to visit Victory Lane in Miami, which will be the fifth race of the Formula 1 season.

Verstappen has won all the odd-numbered F1 races this year, while Red Bull teammate Sergio Perez has won the even-numbered ones.

The two-time defending Drivers' Champion continues to be a force every time he takes the wheel, and that's why he's an odds-on favorite virtually every week. Miami should be no different, as he's the defending champion of the inaugural race.

Sergio Perez (+350)

Can Sergio Perez steal Verstappen's thunder once again?

He finished second behind Max in the season-opener at Bahrain, won in Saudi Arabia, and finished fifth in Melbourne before doubling his season win total at Baku.

Perez is the most logical alternative to the favorite in Florida this weekend.

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Miami GP pre-qualifying picks

By Shawn Wronka

Miami Grand Prix opening odds reaction

Sergio Perez climbed the grid from third to beat out teammate Max Verstappen and Charles Leclerc to take home the Azerbaijan Grand Prix. He now sits just six points behind Verstappen in the Driver's Championship standings, and could realistically take the lead with another quality performance this weekend.

Can Perez really put the pressure on Verstappen (and presumably Red Bull leadership), or will Verstappen put his foot down and reaffirm the hierarchy within the team? 

Continue reading for free Formula One picks and predictions for the 2023 Miami Grand Prix.

Sergio Perez to win (+330)

At this point it may be time to start taking Sergio Perez very seriously as a contender for the Driver's Championship and on a race-by-race basis. The current best odds gap between Verstappen and Perez is quite frankly too large, given that the former's odds imply a probability (66.6%) that is nearly three times as large as the latter's (23.3%).

Granted Verstappen won the inaugural Miami Grand Prix last year, but Perez finished fourth from the fourth starting position, unable to dislodge the two Ferrari teammates ahead of him in that race while still finishing less than two seconds behind third (Carlos Sainz).

If Perez can secure a more favorable grid position through qualifying, there is no reason to believe he wouldn't have a better chance at beating out Verstappen.

Lean: Bet before qualifying

Leclerc fastest qualifier (+275)

Charles Leclerc is often viewed as Max Verstappen's biggest threat in the Driver's Championship, and after securing a qualifying win last weekend, it seemed like the French driver was en route to straightening out his troubled 2023 season. But for the eighth straight time, Leclerc failed to convert a pole position into a win, which is the longest streak in F1 since 1987.

For betting purposes, it's irrelevant. In the Azerbaijan race, we advised betting on a Ferrari qualifying win at +1400 and it cashed. Oddsmakers have adjusted accordingly, and have Ferrari at +225 this weekend. But Leclerc is still sitting out there specifically at +275.

He was last year's qualifying winner, beat both Verstappen and Perez in each of the three rounds, and was the only car to keep pace with second-place finisher and teammate Carlos Sainz. Although Leclerc has proven to be very unlikely to convert a qualifying win into a race win, he can still be relied on to get the best of Red Bull on Saturday.

Lean: Bet before qualifying

Lewis Hamilton (+2800) and George Russell (+4200) to win

The Mercedes teammates had a quiet Azerbaijan race (finishing sixth and eighth, respectively) and have been a disappointment thus far, securing just one podium between the two across the first four races. Hamilton's fourth-place standing in the Driver's Championship is arguably misleading, and seventh place for Russell is certainly not where he or Mercedes want him to be at this point in the season.

Their long odds for Miami are very enticing at first glance, but nothing as of late should encourage bettors to back them. Azerbaijan's qualifying round was an eye-opener in that regard, with Russell and Hamilton posting the fifth and sixth-fastest laps in the first round.

From there, things got notably worse rather quickly, with them finishing 11th and 10th, respectively, in the second round. Russell bowed out before the third, and Hamilton went on to finish in the fifth position, although notably behind all Red Bull and Ferrari cars.

Lean: Stay away entirely

Miami Grand Prix starting grid

Check back later this week!

Previous Miami Grand Prix winners

Here are the (brief) historical results of the Miami Grand Prix, with Max Verstappen currently the defending champion.

Year Driver Constructor
2022 Max Verstappen Red Bull

Understanding F1 betting odds

The most popular way to bet on Formula 1 odds is by simply picking the winner of a particular race. Other popular F1 betting options include which car/constructor will win and whether or not a particular race car driver will end up on the podium with a Top-3 finish.

F1 race odds usually look like this:

  • Sergio Perez +1,400

This means that on a $100 bet, you'll stand to profit $1,400 if Perez wins that particular race. If one driver is especially dominant, you might see a minus sign (-) ahead of that driver's odds like this: 

  • Max Verstappen -120

This means that you would need to bet $120 to win $100 on Verstappen winning the race.

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