Latest 2024 Spanish Grand Prix Odds

The 2024 Spanish Grand Prix odds are out and, to no one’s surprise, Max Verstappen (-190) is the odds-on favorite to win.

Charles Leclerc (+650) and Lando Norris (+650) have the next best odds to beat The Flying Dutchman. Both of them could have beaten Verstappen in Canada if it weren’t for questionable strategic decisions by their respective teams.

My Spanish GP betting guide reveals what the top F1 betting sites have to say about the latest odds. I’ll also share my best bets for the race, including some sleeper picks to win, so scroll down to learn everything you need to know about how and where to bet on the Spanish Grand Prix.

Ferrari, McLaren, and Mercedes have significantly closed the gap to the dominant Red Bull RB20 challenger.

This gives the underdogs more of a shot to win. It also means that even though Verstappen is still the favorite to win in Spain, betting on a Verstappen victory could win you more money now than in the past.

These odds are provided by Bovada, one of the premiere Formula One betting sites online:

Bovada names Max Verstappen (-190) as the favorite to win the 2024 Spanish Grand Prix, with Charles Leclerc (+650) and Lando Norris (+650) favored to join him on the podium.

Successfully betting $10 on Verstappen would win $5.25—more money than many odds-on favorites—while the same $10 on Leclerc or Norris would yield $65. Since Red Bull has more pressure on them now than in recent memory, betting on Leclerc or Norris to win isn’t as far-fetched as you might think.

Bovada has one of the best sportsbook bonuses online. Their 50% matching welcome bonus offer is up to $250 in matched funds on your first deposit. Head there now to bet on the Spanish GP!

Wondering when is the Spanish Grand Prix this year? Well, it does pay to know when the event you’re betting on actually fires off.

This year’s Spanish GP goes down at the Circuit de Barcelona-Catalunya in Barcelona, Spain. That should shock nobody, as this track has held this event since 1991.

Viewers can find it on ABC or ESPN+ in the United States, while you can tune in via TSN if you’re in Canada, and UK fans can watch it on Sky.

The 2024 Spanish Grand Prix start time is 9 am EST and will get going on Sunday, June 23rd.

Anyone who has watched Formula One over the past two years knows that Max Verstappen is the favorite to win without needing to look at the odds. He’s completely dominated the sport the last two seasons, winning 50 of the previous 75 F1 races.

Verstappen completed his third career Grand Slam at last year’s Spanish GP. The weekend saw him qualify on pole, lead every lap, and set the race’s fastest lap. And with a track record like that, it’s hard to imagine him not winning the 2024 Spanish Grand Prix yet again.

And since Red Bull’s rivals are slowly closing the gap to them, wagering on Verstappen to win would net you more money this year than it would have last year.

Betting on Max Verstappen to win is easily the safest Spanish GP prediction.

Lando Norris won his first race in May, and narrowly missed a second victory in Canada thanks to a questionable strategic error from the team. He was one of my top Canadian GP contenders and he fits the bill once again. McLaren’s MCL38 is now competitive with Red Bull car, and Norris is a strong contender to challenge Verstappen for the win.

Meanwhile, a combination of bad strategy and driver errors meant that Ferrari left Montreal without a single point. If they can avoid these errors at the Spanish GP, Leclerc has a fighting chance to move past his frustration in Canada stand on top of the podium once again.

The Formula 1 field providers more sleeper picks than you may think. Mercedes’s recent upgrades put George Russel in the pole position in Canada, meaning that there are now three potential race winners on top of Red Bull; Mercedes, McLaren, and Ferrari.

Here are my top sleeper picks to win the 2024 Spanish Grand Prix:

Sergio “Checo” Perez’s 2024 season has been a mixed bag, as his early-season success earned him a two-year contract extension for the most coveted seat in the sport. However, he qualified P16 in Canada and made an unforced error in the main race that took him out of contention.

Bovada lists Perez’s chances to win in Spain at +2000, which would win you $200 on a $10 if he grabs victory. Checo is highly motivated to show Red Bull they made the right choice—not to mention that he’s in an identical car to Verstappen—which is why Sergio Perez is my number one sleeper pick to win the 2024 Spanish GP.

George Russell snagged pole position from Verstappen the Canadian Grand Prix but was disappointed to finish third in the race—despite being Russell’s first podium of the season. Mercedes’s latest upgrades proved effective in Montreal and showed the world that the Brackley-based squad is capable of victory, despite Russell’s disappointment.

Russel is my second sleeper pick to win the Spanish Grand Prix. He’s demonstrated more control over the W15 this year than his soon-to-be-ex teammate Lewis Hamilton and is eager to score his second-career victory in Spain.

Wagering on Max Verstappen (-190) to win the 2024 Spanish Grand Prix is my best bet. And with the midfield closing in on Red Bull’s dominance, Verstappen’s odds to win at most offshore sportsbooks are shorter—and more profitable—than they’ve been in recent memory.

Lando Norris (+650) and Charles Leclerc (+650) are my next two picks. They both have won races this year and are 100% capable of doing so again; particularly if they can pressure Red Bull or Verstappen into making a mistake.

Speaking of Red Bull, Sergio Perez (+2000) is my best long shot pick. He sits in the same best-in-class car as Verstappen and desperately wants to prove to Red Bull that they made the right choice by backing him for the next two years.

I confidently predict Max Verstappen to win the 2024 Spanish Grand Prix, with Lando Norris and Charles Leclerc filling out the rest of the podium. Max is the person-to-beat in F1 at the moment, while Norris and Leclerc have both won races in recent memory.

Head to Bovada today to take advantage of a generous welcome bonus offer and lock in your favorite lines for the Spanish GP. Not only does the sportsbook accept wagers for Formula 1, it features odds for other motorsports as well, including IndyCar, NASCAR, and MotoGP.

For more great sites that offer auto racing betting markets, visit our guide to the best motorsports betting websites.