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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.

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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

F1 World Drivers' Championship Odds 1Max 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

F1 World Drivers' Championship Odds 2Betting 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.

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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.

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