Latest F1 Championship Odds for 2024

The 2024 F1 Championship odds are out at the leading motorsports betting sites like BetUS, Bovada, and others. As it’s been the case for the last couple of years, Max Verstappen is the No. 1 favorite, with the F1 Championship betting odds as short as -650.

In the next section of our 2024 F1 Championship prediction piece, I’m going to dive deeper into the betting odds, explaining why bookies are favoring the defending champ.

I’m also going to present you with the main pretenders to Verstappen’s throne, as well as show you which underdogs could shake the motorsports universe in 2024.

After comparing the 2024 F1 Championship odds at the best F1 betting sites, I decided to use those from Bovada. The main reason is that this site is giving good odds on pretty much every driver, but especially underdogs. Some drivers like Valtteri Bottas and Nico Hulkenberg are priced at +200000.

When it comes to those with a better chance of winning, Max Verstappen’s F1 title odds are -650. That’s not too bad, although bookmakers like BetUS are giving slightly better odds (-600).

However, there is one major advantage of betting on F1 at Bovada. You can use its bonuses to bet on motorsports, which is not the case with sportsbooks like BetUS.

So, if you still don’t have an account with Bovada, now is the time to make one. Sign up this this bookmaker, grab the bonus(es), and place your 2024 Formula One bets!

Who will win the 2024 F1 title? Judging by the 2024 F1 Championship odds, it’s going to be Max Verstappen.

He’s by far the driver with the shortest odds, with the best value given by BetUS. That’s where he’s currently priced at -600, meaning that you need to bet $600 for a chance to make a $100 profit.

If you’re wondering why his Formula One title odds are so short, let me tell you that there’s a reason for it.

Actually, I can think of several reasons why he’s very likely to win the 2024 title. Some of those include:

He’s the man who won the last three Formula 1 seasons, putting an end to Lewis Hamilton’s dominance.

When he won his first F1 title, he did it in the final race of the season, finishing 8 points clear of the runner-up. His second title happened in round 18 with a 146-point margin, while in 2023, he won the title after 17 rounds, with 290 points more than the No. 2 driver.

In 2024, Verstappen will be driving RB20, a car for which Red Bull’s designers have “pushed the limits” according to the man himself.

Last season, Verstappen won 19 races, thus breaking the record for the most wins in a single season. Can he break his own record? You can be 100% certain he’ll try!

For all these reasons, it’s no surprise that Verstappen’s 2024 F1 Championship odds are so short. But you can think of this bet as an investment that’s almost certain to pay off.

If you agree with me, you should head over to BetUS straight away and bet on Verstappen at -600.

As per Formula One Championship odds, Lewis Hamilton is the No. 1 threat to Verstappen in his 2024 title defense. The reason is obvious – the Englishman is an absolute motorsports legend.

He’s sharing the top spot with Michael Schumacher on the list of the most successful F1 drivers with seven championships.

Lewis Hamilton's stats speak for themselves 🤯

Will his 2025 move to Ferrari see those numbers continue to grow? 👀#F1 pic.twitter.com/Dstwzl4e98

— Formula 1 (@F1) February 1, 2024

Hamilton was the dominant force in Formula One before the Verstappen era started and he’s determined to get back to the throne. After a very disappointing season in 2022, he improved a lot last year, finishing in third place in the end. Can he do better in his final season at Mercedes?

Bookies think so, and they also think Charles Leclerc might get a better finish this time around than in 2023 when he finished fifth. The Ferrari driver is seen as the No. 3 favorite to win the 2024 season, with Bovada giving +1400 on him.

Personally, I don’t expect much from him, but there are a couple of underdogs I expect to see shine. I’ll discuss their chances and their 2024 F1 Championship odds in the next section of my preview.

George Russell is Lewis Hamilton’s teammate in the Mercedes-AMG Petronas F1 Team. With Hamilton leaving next season (to Ferrari), we could see Mercedes decide to push Russell more.

If he gets the treatment Hamilton was getting from the team in the past, we could see him do much better than before. But can he actually win the title in 2024? I certainly have no plan to bet on him. But I might put some cash on another sleeper – Sergio Perez.

Perez is driving his final season as a Red Bull driver, where he’s been Verstappen’s backup. If, for whatever reason, Verstappen quits, Perez will fill in his shoes. I think he’d do a great job in that scenario.

After all, he’s already proved that he can win races. Last season, he won two races and finished on the podium on another seven occasions.

If you think he can win the title this year, why not bet on him at Bovada, which is where his 2024 F1 odds are +3300.

So, you wanna bet on the 2024 Formula 1 title winner? If so, there are a few final checks you need to make before placing your wager.

Some of the most important things to consider include the following:

Are you sure that your F1 bet is going to win? There are many variables that come into play when deciding which wager to place, so make sure that it has a legit chance of winning. And if it does win, it needs to bring a decent profit your way.

Is the bet you’re planning to make worth it? This has a lot to do with your budget as a small stake won’t result in too much of a profit if you back a favorite like Verstappen. With 2024 F1 Championship odds of -600, a $50 bet won’t bring big money your way. For this bet, you need to go big.

To ensure you get the most out of betting on Formula 1, you need to find the best odds for the bets you wish to make. If you’re going to back a favorite like Verstappen, go to BetUS where he’s priced at -600. If you’d like to bet on a huge underdog like Valtteri Bottas, you will get the best value at Bovada where his odds are +200000.

If you’re confident you’re ready to start betting, great! If not, the next section of my 2024 Formula 1 betting guide is for you. That’s where I’m going to present you with my top predictions for the upcoming season.

My 2024 F1 prediction is that Max Verstappen is going to win the title. I’d be really shocked if it didn’t happen. In fact, it would be one of the greatest upsets in the history of Formula 1.

The bad news is that bookmakers share my opinion, which is why they’re not giving too lucrative odds on Verstappen. The good news is that some sportsbooks do offer relatively decent odds.

One such betting site is BetUS where Verstappen’s odds to win the 2024 F1 Championship are -600. You can back him to win the whole thing, or start slow with a look at the 2024 Gulf Air Bahrain Grand Prix Odds.

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