Formula 1 Odds, Betting Picks: Max Verstappen in the Driver’s Seat

Formula One odds are available at top-ranked sports betting apps, including Caesars Sportsbook and FanDuel.

Red Bull Racing’s Max Verstappen handily led the way to a victory last year, scoring 575 points. His Red Bull Racing teammate, Sergio Perez, logged a distant second place with 285.

The 2024 season will rev up at the end of February, beginning with the Sakhir F1 Aramco Pre-season testing race from February 21-23. That will kick of a year of Formula 1 racing, and sportsbooks are already offering odds on Fi outright winner futures.

Unsurprisingly, Max Verstappen is the strong favorite to win this year as he strives for a fourth straight F1 title. His 0dds are -370 at DraftKings and -380 at FanDuel.

Click here to bet on 2023 Formula 1 odds at DraftKings today

According to DraftKings Sportsbook, Verstappen is the clear favorite to win the 2024 F1 title with odds of -380. With those odds, Verstappen’s implied probability to win is 79.17%. Rounding out the top five potential winners are Lando Norris (+750), Lewis Hamilton (+850), Oscar Piastri (+2000), and Geroge Russell (+2200).

2024 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.

 
Average Odds
Chance of Winning
7 Day Change
14 Day Change
21 Day Change

**Odds are updated daily.

Key Formula 1 News

In the past weeks and months, there haven’t been many developments to shift the Formula 1 odds. Verstappen seems unstoppable, though the season could bring surprises and upsets. WE will update this section with additional news and information as the season progresses.

Formula 1 Betting Favorites

Formula 1 futures odds are via FanDuel below:

Max Verstappen (-380)

Verstappen heads the list of F1 betting picks. Following his thrid straight victory, he’s looking to add a fourth title to that streak. FanDuel’s odds of -380 are probably as good as you’re gonna get on Verstappen. As soon as he wins a race, those odds are likely to go way down and lose a lot of value. Last year, Verstappen was removed from sportsbooks near the tail-end of the season because he was such a sure-thing. Sportsbooks then resorted to offering futures bets on a second-place finish. IF all goes well for Verstappen, that could very well happen again.

Lando Norris (+850)

Lando Norris represents Great Britain and drives for McLaren. Following his sixth-place finish last year, Norris is the biggest threat to Verstappen in 2024 as far as sportsbooks are concerned. FanDuel sets his odds to take the title at +850.

Lewis Hamilton (+900)

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. Last year he made a good run, finishing third.

Competing for Mercedes, Hamilton is currently at odds of +900 to take the title.

F1 Championship Value Picks & Longshots

Now is the time to make longshot bets if you plan to at all. Once the season begins, the picture of the outcome becomes much clearer and odds will shift accordingly.

Value Pick

Oscar Piastri

Oscar Piastri is Lando Norris’s McLaren Mercedes teammate, and he’s currently at odds of +2200 at FanDuel. Last season, Piastri came in ninth place, proving he’s a capable driver who could contend for the championship.

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Longshot

Carlos Sainz (+4200)

Sainz drives for Ferrari, and last year, he represented Spain with a seventh-place finish. This year he’s a longshot at +4200, but there’s value if you think Sainz can make a play for first place.

F1 Betting Picks: Verstappen Ain’t Stoppin’

Here are 2024 Formula One Championship predictions and F1 betting picks.

Verstappen Unstoppable?

The Dutchman captured the 2021, 2022, and 2023  F1 Drivers Championship, and Max shows no signs of slowing down this season. He’s the odds-on favorite to take a fourth straight championship at every sportsbook offering F1 bets.

Norris A Backup Option?

Going into the 2024 season, Lando Norris has odds of +850. If you think he can actually stop the three-time champion, the odds offer good value.

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.

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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.

  1. Click on our exclusive FanDuel sign-up link to get started.
  2. Register your new account by supplying identify-verifying information.
  3. 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 2024 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.

Lando Norris (+850)

At odds of +850, a $100 bet on Norris will return $850 in winnings (and your original $100 stake back) for a total payout of $950 if the Mercedes driver wins the 2024 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, last year, FanDuel listed Lewis Hamilton at +1100 odds to win the Belgian Grand Prix.

F1 Championship Winners History

Here is a look at F1 Championship winners (drivers and constructors) over the last decade.

YearF1 Driver ChampionF1 Constructor Champion
2022Max VerstappenRed Bull Racing
2021Max VerstappenMercedes AMG Petronas F1
2020Lewis HamiltonMercedes AMG Petronas F1
2019Lewis HamiltonMercedes AMG Petronas F1
2018Lewis HamiltonMercedes AMG Petronas F1
2017Lewis HamiltonMercedes AMG Petronas F1
2016Nico RosbergMercedes AMG Petronas F1
2015Lewis HamiltonMercedes AMG Petronas F1
2014Lewis HamiltonMercedes AMG Petronas F1
2013Sebastian VettelRed Bull Racing-Renault

Formula 1 Odds FAQ

What are the odds for the 2024 Formula 1 Championship?

2024 Formula 1 Championship odds are available at top-rated sportsbooks, including FanDuel. Max Verstappen is the clear favorite with odds of -380 to take his fourth-straight title.

Can you bet on the F1 Championship 2024?

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.

Who has the most F1 Championship wins?

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.

How do you read F1 odds?

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.

Are Formula 1 drivers rich?

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.

About the Author
Cole Rush

Cole Rush

Writer and Contributor
Cole Rush is an industry writer and contributor at Gaming Today. He is a Chicago-based writer in the gambling and media spaces. His work has been showcased in various gaming industry magazines and online columns. Rush also covers pop culture and books for Reactor Mag (formerly Tor.com) and TheQuillToLive.com, a sci-fi and fantasy book review site. He has more than eight years of experience writing about gambling and entertainment.

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