F1 World Drivers’ Championship Odds
Max Verstappen and the Red Bull racing team secured the Drivers’ Championship and Constructor’s Championship for the 2023 Formula 1 season well ahead of the season’s conclusion. While they remain favorites for the 2024 season, the competition appears to be gaining ground.
Carlos Sainz, Lando Norris, and Charles Leclerc each secured a win before the Austrian GP. This race marked the beginning of a two-race winning streak for Mercedes, with George Russell triumphing in Austria and Lewis Hamilton claiming victory at the British GP. In 2023, there were only three unique winners throughout the entire season.
Here are the latest odds for the F1 Drivers’ Championship and Constructor’s Championship.
2024 F1 Drivers’ Championship Odds
Driver | Caesars | FanDuel | bet365 |
---|---|---|---|
Red Bull Max Verstappen | -1,200 | -800 | -1,400 |
McLaren Lando Norris | +650 | +600 | +800 |
Ferrari Charles Leclerc | +10,000 | +11,000 | +10,000 |
McLaren Oscar Piastri | +25,000 | +20,000 | +25,000 |
Ferrari Carlos Sainz | +25,000 | +20,000 | +25,000 |
Mercedes George Russell | +25,000 | +42,000 | +50,000 |
Mercedes Lewis Hamilton | +25,000 | +42,000 | +50,000 |
Red Bull Sergio Perez | +150,000 | +50,000 | +200,000 |
Aston Martin Fernando Alonso | +500,000 | +50,000 | +450,000 |
Aston Martin Lance Stroll | +500,000 | +50,000 | +450,000 |
VCARB Yuki Tsunoda | +500,000 | +50,000 | +450,000 |
VCARB Daniel Ricciardo | +500,000 | +50,000 | +450,000 |
Williams Alexander Albon | +500,000 | +50,000 | +450,000 |
Alpine Pierre Gasly | +500,000 | +50,000 | +450,000 |
Alpine Esteban Ocon | +500,000 | +50,000 | +450,000 |
Kick Sauber Valtteri Bottas | +500,000 | +50,000 | +450,000 |
Kick Sauber Guanyu Zhou | +500,000 | +50,000 | +450,000 |
Haas Kevin Magnussen | +500,000 | +50,000 | +450,000 |
Haas Nico Hulkenberg | +500,000 | +50,000 | +450,000 |
Williams Logan Sargeant | +500,000 | +50,000 | +450,000 |
Odds as of 7-15-2024.
2024 F1 Drivers’ Championship Favorites
Max Verstappen (-800 to -1,400) Max Verstappen is currently experiencing his first multi-race losing streak of the season, causing his odds to lengthen slightly.
Verstappen claimed victory in three of the previous five races, albeit by narrow margins, before this downturn began.
Lando Norris (+600 to +800) Lando Norris’ unexpected win in Miami drastically reduced his odds by over 50% week-over-week from as high as +11,000, continuing to drop almost every week. FanDuel adjusted from +850 to +600 over the weekend.
Although Norris has only one win this year, he has consistently been in the Top 5 in nine of his last 10 races.
Charles Leclerc (+10,000 to +11,000) Charles Leclerc’s odds saw a significant cut following his victory at the prestigious Monaco GP. However, he hasn’t been able to capitalize on that momentum, leading his odds to swell beyond their initial levels.
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2024 F1 Constructors’ Championship Odds
Constructor | Caesars | FanDuel | bet365 |
---|---|---|---|
Red Bull | -225 | -210 | -250 |
McLaren | +200 | +180 | +175 |
Ferrari | +2,800 | +3,100 | +2,000 |
Mercedes | +2,800 | +3,200 | +2,800 |
Aston Martin | +500,000 | +50,000 | +450,000 |
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 7-15-2024.
Past F1 Drivers’ Champions
The 2010s started with a dominant streak for Red Bull and Sebastian Vettel, and history might be repeating itself. Max Verstappen has secured three consecutive Drivers’ Championships and is favored to clinch a fourth.
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 dominated the Constructors’ Championship for eight straight seasons before Red Bull reclaimed the top spot in 2022. They continued their dominance in 2023 and aim for a third consecutive win this season.
Year | 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
Betting on Formula One futures is a popular way to engage with the sport, focusing on long-term outcomes like the World Drivers’ Championship and the World Constructors’ Championship. Here’s how you can get started:
World Drivers’ Championship
The most straightforward way to bet on F1 futures is by selecting the winner of the F1 World Drivers’ Championship. The champion is determined through a points system based on the final race results of each driver. While the official title is awarded at the end of the season, a driver can secure the championship before the final race if they accumulate an insurmountable lead in points.
World Constructors’ Championship
Another popular futures bet is the World Constructors’ Championship. This title is given to the team that accumulates the most points throughout the season. In the history of F1, there have been only 11 instances where the winning constructor was not from the same team as the World Drivers’ Champion.
Understanding F1 Futures Odds
F1 futures odds are typically presented in American format and indicate the potential profit relative to the amount wagered.
Example of Positive Odds:
- Lando Norris +1,200: If you bet $100 on Norris to win the Drivers’ Championship, you stand to profit $1,200 if he secures the title.
Example of Negative Odds:
- Lewis Hamilton -175: If you bet $175 on Hamilton and he wins the Drivers’ Championship, you will profit $100.
Key Points to Remember
- Timing: Futures bets can be placed at any point during the season, but the odds will fluctuate based on race results and driver performance.
- Research: Stay informed about driver performance, team strategies, and any changes in regulations that might impact the race outcomes.
- Risk Management: Consider spreading your bets across multiple drivers or constructors to manage risk and increase your chances of a payout.
Conclusion
Betting on F1 futures is a thrilling way to add an extra layer of excitement to the racing season. Whether you’re backing a seasoned champion or an emerging talent, understanding the odds and the dynamics of the championship can help you make informed and potentially profitable bets.
F1 Odds FAQs
Who is the favorite to win the 2024 F1 World Drivers’ Championship?
Red Bull’s Max Verstappen is the betting favorite to win the 2024 Drivers’ Championship.
Who is the favorite to win the 2024 F1 World Constructors’ Championship?
Red Bull is the betting favorite to win the 2024 Constructors’ Championship.