Red Bull Racing dominated the 2023 F1 season, with Max Verstappen securing the Driver’s Championship and the team winning the Constructors’ Championship. Their winning run seems likely to continue, as Verstappen secured a commanding victory in the season-opening Bahrain Grand Prix this past weekend, making them odds-on favourites with sports betting sites for the 2024 F1 championship title.
Verstappen delivered a record-breaking performance last season with 19 wins and 21 podium finishes over 22 races. Notably, his only finish outside the top three came in Singapore with a fifth-place result.
The Red Bull RB19 proved remarkably strong, with 21 victories throughout the season. Verstappen’s teammate, Sergio Perez, contributed significantly by securing two wins and finishing second in the Driver’s Championship.
Red Bull’s dominance appears to be continuing this season, with Verstappen securing a comfortable victory in Bahrain, finishing 22 seconds ahead of Perez. This performance has solidified his position with bookmakers as the clear favourite for a fourth consecutive championship title.
Other likely contenders remain some distance behind, going by their performances in Bahrain. Ferrari drivers Carlos Sainz and Charles Leclerc finished third and fourth, respectively, while the British contingent of George Russell, Lando Norris, and Lewis Hamilton finished further back in the points.
With the initial standings reflecting Red Bull’s advantage, let’s explore the latest betting odds for both the 2024 F1 Drivers’ Championship and the Constructors’ Championship.
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F1 2024 Drivers Championship Winner Odds
All odds are courtesy of 18bet, correct at the time of publishing and subject to change.
- Max Verstappen 1.10
- Charles Leclerc 13.00
- Lando Norris 23.00
- Lewis Hamilton 23.00
- Carlos Sainz 29.00
- George Russell 41.00
- Sergio Perez 41.00
- Fernando Alonso 67.00
- Oscar Piastri 151.00
- Daniel Ricciardo 1001.00
- Lance Stroll 1001.00
- Yuki Tsunoda 1486.00
- Alex Albon 1501.00
- Esteban Ocon 2476.00
- Guanyu Zhou 2476.00
- Kevin Magnussen 2476.00
- Logan Sargeant 2501.00
- Nico Hulkenberg 2501.00
- Pierre Gasly 2501.00
- Valtteri Bottas 2501.00
Drivers Championship: Favourites and Dark Horses
Reigning champion Verstappen kicked off the 2024 F1 season with a dominant victory at the Bahrain Grand Prix, mirroring his performance at the start of the 2023 season. This commanding win, coupled with short odds of 1.10 to retain his title, suggests it could be another long season for Verstappen’s competition.
Ferrari’s lead driver, Charles Leclerc, is the closest competitor in the betting odds at 13.00 to win the 2024 F1 drivers’ title. However, Leclerc must demonstrate improved consistency compared to last season, where he failed to win a single race. Additionally, his inability to capitalise on his strong starting position in Bahrain, dropping from second to fourth place, doesn’t inspire confidence. Despite this, there’s still a lot of racing left, and the Frenchman has time to prove himself as a serious threat to Verstappen. Additionally, with Lewis Hamilton joining Ferrari next season, Leclerc will need to establish himself as the team’s clear leader.
Speaking of Hamilton, the legendary driver with seven championships is priced at 23.00 to win an eighth title. While his motivation to leave Mercedes on a high note will be strong, his team’s performance in Bahrain suggests they have work to do to catch up to the frontrunners.
Looking at other contenders, Verstappen’s teammate Sergio Perez finds himself at 41.00 odds despite securing two race wins in 2023. Lando Norris and Carlos Sainz follow at 23.00 and 29.00, respectively, to win the 2024 F1 drivers’ title. Sainz, in particular, will be looking to prove his worth at Ferrari before Hamilton takes over his seat at the end of the season. Finally, veteran driver Fernando Alonso sits at 67.00 odds to secure a third championship title with Aston Martin.
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Constructors Championship Winner Odds
All odds are courtesy of 18bet, correct at the time of publishing and subject to change.
- Red Bull 1.10
- Ferrari 7.00
- McLaren 15.00
- Mercedes 15.00
- Aston Martin 101.00
- Visa Cash App RB 1001.00
- Haas 2501.00
- Sauber 2501.00
- Williams 2501.00
- Alpine 3001.00
The constructor side is no different, with Red Bull overwhelming favourites at 1.10 odds to win the championship for the third straight season. Bahrain indicates Red Bull dominance is here to stay as well.
The odds don’t offer confidence that this season will be more competitive than the last, with very few expected changes in the pecking order overall from last season. Ferrari is second at 7.00 odds to win the 2024 F1 constructors’ championship.
Mercedes and McLaren are next at 15.00 odds, followed by Aston Martin at 101.00 odds. Aston Martin started blazing hot last year but was the fifth-best team by the end of the season. In other words, the betting odds are predicting more of the same, with more hope that Ferrari, who scored last season’s only non-Red Bull victory, can mount a better challenge in 2024.
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F1 2024 Schedule
There are 24 races this season – a record in the sport’s history – starting in Bahrain and ending with the Abu Dhabi Grand Prix on December 8. Here’s the 2024 F1 schedule:
- March 9: Saudi Arabian Grand Prix
- March 24: Australian Grand Prix
- April 7: Japanese Grand Prix
- April 21: Chinese Grand Prix
- May 5: Miami Grand Prix
- May 19: Emilia Romagna Grand Prix
- May 26: Monaco Grand Prix
- June 9: Canadian Grand Prix
- June 23: Spanish Grand Prix
- June 30: Austrian Grand Prix
- July 7: British Grand Prix
- July 21: Hungarian Grand Prix
- July 28: Belgian Grand Prix
- August 25: Dutch Grand Prix
- September 1: Italian Grand Prix
- September 15: Azerbaijan Grand Prix
- September 22: Singapore Grand Prix
- October 20: United States Grand Prix
- October 27: Mexican Grand Prix
- November 3: Brazilian Grand Prix
- November 24: Las Vegas Grand Prix
- December 1: Qatar Grand Prix
- December 8: Abu Dhabi Grand Prix
2024 F1 Betting
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