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 three-time defending champion 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.

Our best sportsbooks are treating that incident as nothing more than a speed wobble from Verstappen and Red Bull in the latest F1 championship odds.

F1 drivers' championship odds 2024

(F1 drivers' championship odds updated on April 5)

F1 World Championship favorite 2024

Max Verstappen (-800 via DraftKings)

Yes, it sounds absurd and comical to refer to -800 odds as offering value. But Verstappen's continued reign of dominance is always absurd and comical, and the odds here from DraftKings are significantly better than what bet365 and BetRivers are featuring.

If you're dead set on betting this market, it might be wise to snatch whatever marginal value remains now. Then take your small win and saunter off to treat yourself to a really fancy coffee or something.

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, and has already taken two more to begin 2024. Those victories plunged Verstappen's championship odds from -370 to where the prices sit now.

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 5

Previous drivers' championship winners

Previous constructors' championship winners

Motorsports betting odds pages

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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