F1 Championship Odds 2024: Verstappen Remains Heavy Favorite to Repeat as Champion
Max Verstappen is still the overwhelming favorite by the 2024 F1 championship odds from our best F1 betting sites to win his fourth consecutive title.
Another week, another win for Max Verstappen and Red Bull Racing, who are dominating this sport once again after capturing another F1 drivers' championship and constructors' championship in 2023. It was Verstappen's third straight title and the second consecutive triumph for Red Bull.
Our best sports betting sites have installed both the driver and team as overwhelming favorites throughout 2024, despite a few uncharacteristic stumbles from Verstappen and Red Bull that revealed perhaps the tiniest crack in once impenetrable armor. That includes a brake issue in Australia that showed even the sizzling-hot champ can be at the mercy of his machine, and a pedestrian sixth by his standards in Monaco.
But Verstappen and Red Bull have overcome that adversity to record two straight wins, including his most recent during the Spanish Grand Prix.
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 June 24)
| Driver | FanDuel | BetMGM | Caesars | bet365 |
|---|---|---|---|---|
| Max Verstappen | -850 🔥 | -2000 | -1600 | -2000 |
| Lando Norris | +1100 🔥 | +1000 | +900 ❄️ | +1000 |
| Charles Leclerc | +2200 | +2200 | +2500 🔥 | +2000 ❄️ |
| Carlos Sainz | +20000 ❄️ | +25000 | +25000 | +25000 |
| Oscar Piastri | +20000 | +15000 ❄️ | +25000 | +25000 |
F1 World Championship favorite 2024
Max Verstappen (-850 via FanDuel)
Yes, calling -850 a value bet still sounds laughable. But FanDuel is offering strangely short odds on Verstappen compared to the rest of our best sportsbooks still posting this market. Verstappen commonly sits around -2000 elsewhere.
The latter price seems about right for a driver who now sits at 215 points after just 10 races, far ahead of Lando Norris in second at 150.
Verstappen may not be crushing the competition at quite the same level as in 2023, when there was often an ocean between him and whoever finished second. He ended up just 2.219 seconds ahead of Norris in Spain, and 3.879 in front during his Canadian Grand Prix win.
But he's racking up those victories nonetheless, and Verstappen has now tallied seven wins over 10 races. That comes after his absurd 19 wins in 2023.
And just like last season, he's forced most of our best sports betting apps to offer "without Verstappen" or "without Red Bull" markets.
F1 constructors' championship odds 2024
(F1 constructors' championship odds updated on June 24)
| Constructor | FanDuel | BetMGM | Caesars |
|---|---|---|---|
| Red Bull | -400 | -400 | -400 |
| McLaren | +350 | +300 ❄️ | +360 🔥 |
| Ferrari | +1300 | +1200 ❄️ | +1600 🔥 |
Past 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 |
Past 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
Who is the F1 championship favorite?
Max Verstappen is the heavy favorite by the F1 driver's championship odds (-850), while Red Bull Racing dominates the constructor's championship odds (-400).
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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