F1 Championship Odds 2024: Verstappen Remains Heavy Favorite to Repeat as Champion
Max Verstappen remains the heavy favorite in the 2024 F1 championship odds based on the odds from our best F1 betting sites, a position he's been very familiar with lately.
Max Verstappen and Red Bull Racing continue to be completely unfair, winning another F1 drivers' championship and a constructors' championship in 2023. It was Verstappen's third straight title and the second consecutive triumph for Red Bull.
Our best sports betting sites are still slotting both the driver and team in as overwhelming favorites in the two categories for 2024, despite an uncharacteristic stumble from Verstappen in Australia. A brake issue showed that even the sizzling-hot champ can be at the mercy of his machine, and Verstappen needed to retire his car after just a few laps.
But that came after Verstappen won the first two races of 2024, with his teammate Sergio Perez finishing in second right beside him on the podium. And Verstappen has also unsurprisingly won the next two races after Australia (in Japan and China), with Perez also on the podium each time.
Here are the championship odds for the drivers and constructors from some of our best sportsbooks.
F1 drivers' championship odds 2024
(F1 drivers' championship odds updated on April 29)
| Driver | FanDuel | BetMGM | Caesars | bet365 |
|---|---|---|---|---|
| Max Verstappen | -2200 🔥 | -3333 | -10000 | -10000 |
| Sergio Perez | +3200 | +2500 ❄️ | +2800 | +3300 🔥 |
| Charles Leclerc | +7000 🔥 | +4000 ❄️ | +8000 | +6600 |
| Carlos Sainz | +7500 🔥 | +6600 ❄️ | +8000 | +8000 |
| Lando Norris | +11000 🔥 | +4000 ❄️ | +10000 | +10000 |
| Oscar Piastri | +42000 | +25000 ❄️ | +75000 🔥 | +50000 |
F1 World Championship favorite 2024
Max Verstappen (-2200 via FanDuel)
Predictably, any shred of value in the overwhelming favorite is long gone a mere five races into the season. Verstappen was listed around -370 before the 2024 campaign began, but he's plunged since while continuing to win almost weekly.
There's forever appeal in long shots, and Ferrari does indeed seem to be better in 2024. But it's difficult to lean on any driver or team outshining Verstappen or Red Bull after the Dutch legend won a record 19 races in 2023.
There's a reason most of our best live betting sites pulled this market early in the season last year. And to entice action, some are already offering "without Verstappen" and "without Red Bull" options.
F1 constructors' championship odds 2024
F1 constructors' championship odds updated on April 29
| Constructor | FanDuel | BetMGM | Caesars | bet365 |
|---|---|---|---|---|
| Red Bull | -3500 | -3333 🔥 | -5000 | -5000 |
| Ferrari | +2200 🔥 | +800 ❄️ | +1800 | +2000 |
| McLaren | +11000 | +5000 ❄️ | +10000 | +10000 ❄️ |
| Mercedes | +20000 | +10000 ❄️ | +25000 | +25000 |
| Aston Martin | +50000 | +50000 | +100000 🔥 | +10000 |
Previous drivers' championship winners
| Year | Driver | Team |
|---|---|---|
| 2023 | Max Verstappen | Red Bull |
| 2022 | Max Verstappen | Red Bull |
| 2021 | Max Verstappen | Red Bull |
| 2020 | Lewis Hamilton | Mercedes |
| 2019 | Lewis Hamilton | Mercedes |
| 2018 | Lewis Hamilton | Mercedes |
| 2017 | Lewis Hamilton | Mercedes |
| 2016 | Nico Rosberg | Mercedes |
| 2015 | Lewis Hamilton | Mercedes |
| 2014 | Lewis Hamilton | Mercedes |
| 2013 | Sebastian Vettel | Red Bull |
Previous constructors' championship winners
| Year | Constructor |
|---|---|
| 2023 | Red Bull |
| 2022 | Red Bull |
| 2021 | Red Bull |
| 2020 | Mercedes |
| 2019 | Mercedes |
| 2018 | Mercedes |
| 2017 | Mercedes |
| 2016 | Mercedes |
| 2015 | Mercedes |
| 2014 | Mercedes |
| 2013 | Red Bull |
Motorsports betting odds pages
| NASCAR Cup Series Odds | Indy 500 Odds |
| F1 Driver/Constructor Series Championship Odds | Monaco Grand Prix Odds |
| Las Vegas Grand Prix odds |
F1 driver and constructor championship FAQs
When will the winners be named?
The Formula 1 season features 22 races, with the last one taking place on Nov. 26 in Abu Dhabi. The leader in both the driver and constructor standings will be declared the winner in each category after that race.
Who won the drivers' championship in 2023?
Max Verstappen took home the title in 2023 for the third straight season.
Who won the constructors' championship in 2023?
Red Bull finished first overall in 2023. It was the team's second straight championship after last winning in 2013.
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