Formula 1 Odds: Current Prices for 2024 Driver & Constructor Championships

min read
Red Bull driver Max Verstappen of the Netherlands celebrates after winning the Abu Dhabi Formula One Grand Prix race at the Yas Marina Circuit, Abu Dhabi, UAE, Sunday, Nov. 26, 2023.
(Kamran Jebreili/AP Photo)
Nick Hennion @nickhennion Feb 05, 2024, 7:32 PM
  • Three-time world champion Max Verstappen is a heavy favorite to repeat.
  • Correlatively, Red Bull Racing is a sizable favorite to win the constructor’s championship.
  • Seven-time world champion Lewis Hamilton is +1100 to win his eighth title.

The 2023 season has concluded, but 2024 Formula 1 betting odds are available for the two main futures markets. 

In the drivers championship, reigning world champion Max Verstappen opened as a -400 favorite to win his fourth straight title. 

Red Bull Racing – the constructor led by Verstappen – is -400 to earn the most points. 

Since 2000, the constructor with the championship-winning driver has also won the constructor’s championship in all but two years. 

Here’s how the rest of the odds shake out for the two futures markets.

Formula 1 Odds – 2024 Drivers Championship

Formula 1 Driver2024 Drivers Championship Odds
Max Verstappen-400
Lando Norris+1000
Lewis Hamilton+1000
Charles Leclerc+2000
Sergio Perez+2800
George Russell+2800
Oscar Piastri+4000
Fernando Alonso+4000
Carlos Sainz Jr.+5000
Alexander Albon+25000
Daniel Ricciardo+25000
Lance Stroll+50000
Pierre Gasly+75000
Esteban Ocon+75000
Yuki Tsunoda+100000
Valtteri Bottas+150000
Zhou Guanyu+150000
Kevin Magnussen+200000
Nico Hulkenberg+200000
Logan Sargeant+200000

Formula 1 Odds – 2024 Constructors Championship

Formula 1 Constructor2024 Constructors Championship Odds
Red Bull Racing-400
McLaren+700
Mercedes+800
Ferrari+800
Aston Martin+5000
Alpine+25000
Williams+50000
Sauber+50000
Alfa Romeo+100000
Haas+100000

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About the Author

Nick Hennion

Read More @nickhennion

Nick Hennion is a senior content writer for BetMGM. His previous stops include VSiN, NBC Sports, The Action Network and Forbes Betting. He owns a bachelor's degree from Syracuse University and a master's degree from Northwestern University.

Nick Hennion is a senior content writer for BetMGM. His previous stops include VSiN, NBC Sports, The Action Network and Forbes Betting. He owns a bachelor's degree from Syracuse University and a master's degree from Northwestern University.