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F1 Odds

ODDS TO WIN F1 DRIVERS CHAMPIONSHIP 2024

DriverTeamOdds
Max VerstappenRed Bull-500
Lando NorrisMcLaren+900
Lewis HamiltonMercedes+1100
Oscar PiastriMcLaren+4000
George RussellMercedes+3300
Sergio PerezRed Bull+3300
Charles LeclercFerrari+2800
Fernando AlonsoAston Martin+4000
Carlos SainzFerrari+6600
Daniel RicciardoAlphaTauri+25000
Alex AlbonWilliams+50000
Lance StrollAston Martin+25000
Esteban OconAlpine+75000
Pierre GaslyAlpine+75000
Yuki TsunodaAlphaTauri+75000

Getting into the Formula 1 Odds

Formula 1 is the most popular racing league globally, which is why it receives the most bets. Formula 1 is relatively easy to bet compared to other racing leagues because it’s dominated by the top teams, and there are only 20 drivers.

There are only six drivers in any given race that have a realistic chance of winning. This helps you if you are looking to bet on Formula 1. The one thing you must understand is how to read Formula 1 odds.

How to Read F1 Odds

Formula 1 odds are straightforward to read because there are no point spreads. Point spreads are the toughest concept to understand in sports betting, and it’s nonexistent in Formula 1 betting. The main things you will bet in Formula 1 are the winner and who will be on the podium.

There are various prop wagers in Formula 1, but the primary bets are made on the position of the driver in the F1 standings and team winners. This is a form of a money line wager so that all odds will be numerical with a +/- sign.

The favorite will have the lowest odds on the starting grid. These will likely be negative odds or positive odds that are low. For example, the favorite in a F1 race may be -105, and the projected second-place finisher is +105.

The payout difference on a $100 wager would be less than a $10 difference.

Formula 1 Example

Lewis Hamilton and Max Verstappen are the two best drivers in Formula 1. Hamilton is projected to win the race, and he is -110. Verstappen is starting second, so his odds are slightly higher at +110.

You can tell Hamilton is favored because he has the lowest odds in the race. You will not receive as much betting the same amount on Hamilton as Verstappen. This is important to remember when placing money line bets.


F1 Odds FAQs

What types of bets can I place on Formula 1?

There are various types of bets you can place on Formula 1 races, including outright winner bets, podium finish bets, top-ten finish bets, head-to-head matchups, fastest lap bets, and more.

How are Formula 1 odds determined?

Formula 1 odds are determined based on a combination of factors, including the driver’s performance history, car performance, track conditions, and market demand. Bookmakers analyze these factors and set odds accordingly.

Can I bet on individual race outcomes or the overall championship?

Yes, you can place bets on both individual race outcomes and the overall championship. Each race offers its own set of betting markets, while the championship allows you to predict the season’s winner.

Are there any strategies or tips for successful Formula 1 betting?

Successful Formula 1 betting involves a combination of research, understanding the sport and its dynamics, analyzing statistics, and keeping up with news. It can also be helpful to follow experienced bettors or seek expert opinions, but ultimately, betting outcomes can never be guaranteed.

Can I bet on more than one driver or team in a race?

Yes, you can place multiple bets on different drivers or teams within the same race. This allows you to diversify your bets and potentially increase your chances of winning.
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