Skip to main content
Red Bull Racing's Dutch driver Max Verstappen drives as we look at the best Monaco Grand Prix odds
Red Bull Racing's Dutch driver Max Verstappen drives during the third practice session of the Formula One Monaco Grand Prix at the Monaco street circuit in Monaco, on May 27, 2023. Photo by Andrej Isakovic via AFP.

One of the biggest events in motorsports is coming up with the 2023 Monaco Grand Prix set for Sunday. Let's look at our latest Monaco Grand Prix odds from our best sports betting apps.

As the engines roar to life and the adrenaline surges through the streets of Monte Carlo, racing enthusiasts and bettors alike find themselves eagerly anticipating the prestigious Monaco Grand Prix. With its challenging circuit and storied history, this high-stakes event captures the attention of motorsport fans worldwide.

As the drivers prepare to navigate the narrow streets and test their skills against the unforgiving twists and turns, the betting landscape opens up with tantalizing opportunities. With a multitude of factors to consider, from team dynamics to driver form, analyzing the odds to help with your Monaco Grand Prix picks adds an extra layer of excitement to this iconic race.

There's a unique vibe and energy to the F1 racing festival that is the Monaco Grand Prix. And all the while, Red Bull will look to continue its dominance that's led to both Max Verstappen and Sergio Perez finishing on the podium together four times already in 2023 and topping the F1 Championship odds.

Here's a look at the best 2023 Monaco Grand Prix odds (odds via our best sports betting sites): 

Monaco Grand Prix odds

Monaco Grand Prix odds as of Saturday, May 27 at 4:45 p.m. ET

DriverStarting spotDraftKingsFanDuel CaesarsBetMGMPointsBet
Max Verstappen1-300-300-275 🔥     -300-286   
Fernando Alonso2+290+270+300   +250 ❄️  +300
Carlos Sainz5+1700  +1600+1800+1400 ❄️    +3300 🔥  
Esteban Ocon4+3000 ❄️   +3200  +3300+3300  +5000 🔥   
Lewis Hamilton6+4000+3200 ❄️    +3300+3300+5000 🔥   
Charles Leclerc3+4000 🔥   +3200+2500+3300  +900 ❄️    
George Russell8+9000 ❄️    +11000+12500 🔥   +10000+10000
Pierre Gasly7+15000+11000+15000+10000 ❄️  +15000
Sergio Perez20+25000 🔥   +11000+20000+10000 ❄️  +15000 🔥
Lando Norris10+40000+20000 ❄️+50000+50000  +50000

Monaco Grand Prix odds analysis

The Monaco Grand Prix odds should be nearly set following Saturday's final round of qualifying. Verstappen captured the pole while teammate Sergio Perez and will start from the back of the pack, causing a significant shake-up in the odds.

PointsBet is looking much more favorably upon Charles Leclerc with his third-place start in the Monaco Grand Prix.

American motorsports fans can also follow along with our look at the best Indy 500 odds.

Monaco Grand Prix odds movement

The Monaco Grand Prix odds moved considerably as a result of Perez being relegated to the back of the pack for Sunday morning's race. Alonso finished a near-second to Verstappen in qualifying but there's significant separation in their odds.

Verstappen climbed to plus money across the market Friday but has plummeted to be a heavy favorite as of Saturday evening.

Favorite for the Monaco Grand Prix 2023

Max Verstappen (-275 via Caesars)

Incredibly, Verstappen has won three of the first five races in 2023, and he's finished on the podium to end each outing.

Verstappen isn't far removed from winning the Monaco Grand Prix after crossing the finish line first in 2021. He's logged two podium finishes at the legendary track, and four top-five results over seven appearances.

Check out our best best sports betting apps.

How to bet on the Monaco Grand Prix

The most popular bet on the Monaco Grand Prix is picking which driver will win outright. To place that wager, simply select an outright winner from a sportsbook (the current odds are listed above).

Another common bet is to wager on whether a driver will record a podium finish. Similarly, you can bet on a top-6 or top-10 result. The practice and qualifying winner can also be wagered on prior to those events, and there are matchup props that pit drivers against each other.

The most unique props are the "without" markets. These often remove Verstappen or Red Bull from the market because that team and driver are stomping the field so regularly. Bettors then need to pick from the best of the rest. DraftKings offers a "without" market for qualifying that takes away every driver from Mercedes, Red Bull, Ferrari, and Aston Martin.

Caesars also offers a Verstappen versus the field market.

Monaco Grand Prix race info

When: Sunday, May 28, at 9 a.m. ET
Where: Circuit de Monaco
How to watch: ESPN
Defending winner: Sergio Perez/Red Bull Racing

Recent Monaco Grand Prix winners

  Odds from

2022Sergio PerezRed Bull
2021Max VerstappenRed Bull
2020Not held due to COVID-19Not held due to COVID-19
2019Lewis HamiltonMercedes
2018Daniel RicciardoRed Bull
2017Sebastian VettelFerrari
2016Lewis HamiltonMercedes
2015Nico RosbergMercedes
2014Nico RosbergMercedes
2013Nico RosbergMercedes
2012Mark WebberRed Bull

Monaco Grand Prix FAQs

When does the 2023 Monaco Grand Prix take place?

The 2023 Monaco Grand Prix begins Sunday, May 28 at 9 a.m. ET.

Who is the favorite to win the 2023 Monaco Grand Prix?

Verstappen is the favorite across the board to win the Monaco Grand Prix, with Caesars offering the best odds at -275.

Who won the 2022 Monaco Grand Prix?

Sergio Perez won the 2022 Monaco Grand Prix, with Carlos Sainz finishing second and Verstappen in third.

How do I watch the 2023 Monaco Grand Prix?

ESPN will carry Monaco Grand Prix television coverage for American viewers and TSN will broadcast the Monaco Grand Prix in Canada.

Here are our best sports betting apps:

(21+. Gambling Problem? Call 1-800-GAMBLER)
* Bonuses not applicable in Ontario.

Related pages