Formula One odds are available at top-ranked sports betting apps, including Caesars Sportsbook and FanDuel.
Red Bull Racing’s Max Verstappen is a heavy favorite to win any Formula 1 race. The driver leads the standings so strongly that sportsbooks stopped offering odds on Verstappen to win the Drivers Championship.
At DraftKings, Verstappen (-300) is the runaway favorite to win the Las Vegas GP, and nobody else comes close. Trailing in the odds are Lando Norris (+1100), Charles Leclerc (+1200), Carlos Sainz (+1200), and Verstappen’s fellow Red Bull teammate, Sergio Perez (+1400). Formula One outright odds remove Verstappen from the picture entirely, putting Perez at the top of the list of likely winners.
Verstappen is the two-time defending F1 Drivers Champion and appears poised to make it three straight titles.
Click here to bet on 2023 Formula 1 odds at DraftKings today
2023 Formula 1 Drivers Championship Odds
Here are live Formula One Championship odds for all drivers. These F1 betting odds are automatically updated each day. They are a great resource as you plan your F1 betting strategies for the 2023 season.
**Odds are updated daily.
Formula 1 Betting Favorites
Formula 1 futures odds are via FanDuel below:
Max Verstappen (Off the Board)
Verstappen heads the list of F1 betting picks. He’s having a career year at Red Bull Racing, where he’s won all but three Grand Prix races on the 2023 Formula One schedule.
Verstappen, who is currently ranked first in the F1 driver standings with 400 points, has previously won two Formula One Driver Championships. In fact, he is aiming for his third consecutive F1 Championship. Verstappen won both the 2021 and 2022 Formula One titles with Red Bull Racing.
Sergio Perez (-800)
Perez also competes for Red Bull Racing, which has dominated the 2023 Formula One season to date. Perez owns two victories this season, as Red Bull swept the first 11 events of the year.
With 223 points, Perez is second in the F1 driver standings behind his teammate.
Lewis Hamilton (+650)
Hamilton is making his case as the greatest driver in Formula One history. His seven F1 titles tie him with Michael Schumacher for the most ever.
Competing for Mercedes, Hamilton is currently fourth in the F1 driver standings with 190 points.
Fernando Alonso (+11000)
Alonso is in his first season with Aston Martin. Alonso captured back-to-back F1 titles with Renault in 2005 and 2006.
Alonso reeled off six top-five finishes including a runner-up in the Monaco Grand Prix to start the season before a disappointing seventh-place result in Spain. He’s fourth in the F1 driver standings with 174 points through 16 events.
F1 Championship Value Picks & Longshots
This late in the season (it ends November 26), it’s hard to find value in longshot settings. Still, shakeups are always possible.
Value Pick
Charles Leclerc (+18000)
Leclerc had a tough start for Ferrari with two DNFs in his first three races of the 2023 season. He rebounded with a pair of podium finishes, most recently a second-place result in the Austrian Grand Prix.
The five-time Formula One race winner won last year’s Australian Grand Prix. He is expected to drive for Ferrari through the end of next season.
Longshot
George Russell (+20000)
Russell is an up-and-coming driver for Mercedes, where he is teamed with Lewis Hamilton. He’s eighth in the F1 Driver standings with 90 points. Russell had a third-place podium finish in Spain, his best result of the season.
In his second year with the team, Russell scored his maiden F1 victory in the 2022 São Paulo Grand Prix.
F1 Betting Picks: Verstappen Won’t Slow Down
Here are 2023 Formula One Championship predictions and F1 betting picks.
Verstappen Unstoppable?
The Dutchman captured the 2021 and 2022 F1 Drivers Championship, and Max shows no signs of slowing down this season. Red Bull Racing aims to win a second straight F1 Constructor Championship. It has opened up a sizable lead in the constructor standings after winning the season’s first 14 races with Verstappen and Perez.
Perez Offers Little Value
Just a few races ago, Perez had great value at -225. Since then, his odds have dropped to -800, which makes a bet on him lackluster in terms of return.
Hamilton Worth a Punt at Long Odds?
This late in the season, Lewis Hamilton (+650) is the only driver left with any reasonable value. He trails Sergio Perez by 33 points. Overtaking Perez will take a perfect finish to the season. Despite decent value at +650, it’s hard to recommend a bet on Hamilton with so little of the season remaining.
Best Formula 1 Betting Apps: Where to Bet on 2023 F1 Odds
Below are the top Formula One betting apps and their sign-up bonuses for new users. There’s more than $5,000 available in sports betting promos to claim across the industry.
Gaming Today always recommends having accounts with multiple sportsbooks. This allows you to compare the odds being offered across the industry — and locate the best prices for your plays. This is a key to long-term profitability and success as a sports bettor. You can also take advantage of multiple sign-up bonuses to boost your bankroll at the beginning of your Formula One betting journey.
How to Bet on Formula 1 Odds
In this section, we explain how to bet on Formula One, F1 betting strategies, and how to read F1 odds. Here are the quick steps you’ll need to take to register a new account at FanDuel and claim up to $100 in betting bonuses.
- Click on our exclusive FanDuel sign-up link to get started.
- Register your new account by supplying identify-verifying information.
- Make your first deposit using PayPal or online banking.
FanDuel offers a $100 welcome bonus for new users. Now, you’re ready to bet on the 2023 F1 Championship odds! Navigate on the FanDuel app and click on motorsports and then F1 Futures. You’ll see a list of all F1 drivers with their current odds to win the 2023 F1 Championship. Here’s how to read those odds. We’ll use Lewis Hamilton in our example.
Lewis Hamilton (+225)
At odds of +225, a $100 bet on Hamilton will return $225 in winnings (and your original $100 stake back) for a total payout of $325 if the Mercedes driver wins the 2023 F1 Championship.
How to Bet on Formula 1 Races
FanDuel also offers odds on the winner of each Formula One race. The odds read the same way for win bets. For example, FanDuel is dealing Lewis Hamilton at +1100 odds to win the Belgian Grand Prix as of this update.
A $100 bet on Hamilton to win will pay out $1,100 in winnings (and your original stake back). Max Verstappen (-333) is the betting favorite to win the Belgian Grand Prix. In this case, a $333 bet on favored Verstappen will return $100 if he wins.
F1 Championship Winners History
Here is a look at F1 Championship winners (drivers and constructors) over the last decade.
| Year | F1 Driver Champion | F1 Constructor Champion |
|---|---|---|
| 2022 | Max Verstappen | Red Bull Racing |
| 2021 | Max Verstappen | Mercedes AMG Petronas F1 |
| 2020 | Lewis Hamilton | Mercedes AMG Petronas F1 |
| 2019 | Lewis Hamilton | Mercedes AMG Petronas F1 |
| 2018 | Lewis Hamilton | Mercedes AMG Petronas F1 |
| 2017 | Lewis Hamilton | Mercedes AMG Petronas F1 |
| 2016 | Nico Rosberg | Mercedes AMG Petronas F1 |
| 2015 | Lewis Hamilton | Mercedes AMG Petronas F1 |
| 2014 | Lewis Hamilton | Mercedes AMG Petronas F1 |
| 2013 | Sebastian Vettel | Red Bull Racing-Renault |
Formula 1 Odds FAQ
2023 Formula 1 Championship odds are available at top-rated sportsbooks, including FanDuel. Max Verstappen is off the board as a prohibitive favorite to win the 2023 F1 Drivers Championship. Teammate Sergio Perez is next at -225 to win the title.
Yes, you can bet on the winner of this year’s F1 Championship at top sports betting apps, including FanDuel. These sportsbooks also offer odds on the winner of every Formula 1 race during the season, too.
Lewis Hamilton and Michael Schumacher are tied with the most F1 Championship wins at seven apiece. Schumacher is retired. Hamilton currently drives for Mercedes and can break the record with another title.
At odds of +500, for example, a driver has 5-to-1 odds to win the F1 Championship. A $100 bet will return $500 in winnings (and your original stake back) for a $600 total payout.
The +500 odds to win translate to a 16.67% implied probability of winning your bet.
Yes. The highest-paid F1 driver is reportedly Red Bull Racing’s Max Verstappen ($55 million annual salary). His net worth is estimated at over $200 million. Even drivers for smaller teams make $1 million or more per season.
The inaugural Las Vegas Grand Prix is scheduled for Nov. 18, 2023.
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