Formula One World Championship Winner Odds

Fans and bookies are backing their favourites for the 2024 FIA Formula One World Championship. We’ve got the latest odds and historical data tracking how the bookies’ prices have changed over time.

We also track the following betting markets – take a look to see current odds and trends over time:

• Love Island 2022 Winner Odds
• Oscars Odds
• Premier League Winner Odds
• Champions League Winner Odds
• La Liga Winner Odds

What F1 Championship Odds Mean

F1 Championship odds can take different forms. Decimal and fractional variants are the most common at UK sports betting platforms, so learning how to read both is important. Punters can access wagers across the entire F1 season’s races and competitions, but we’ll focus squarely on F1 Drivers’ Championship odds today. 

Max Verstappen is the runaway favourite this season, with Bet365 listing the Dutchman’s F1 Drivers’ Championship odds at 1/9 at the time of writing. Teammate Sergio Perez is his nearest challenger on 6/1, with Lewis Hamilton and Fernando Alonso in third tied on 50/1.

But what does this mean? Punters can quickly calculate their potential profit by multiplying their wager by the odds in question. For example, a £10 bet on Verstappen winning the 2023 Drivers’ Championship at 9/1 odds would generate £1.11 in profit. 

Some UK sports betting sites, such as Luckster and 32Red, use decimal odds. This is a slightly different way of presenting the probabilities, although it’s just as easy to read. For example, 32Red has Max Verstappen at 1.11 favourite, with Sergio Perez at 7.00, Fernando Alonso at 29.00, and Lewis Hamilton at 41. Similarly to fractional odds, multiply your bet by the decimal number to find your total return before subtracting the initial wager to find your profit. For more help, check out our odds converter. 

Previous F1 Championship Winners

Winning the F1 Drivers’ Championship is a magnificent feat. Footballers crave Premier League and Champions League trophies, but this is another level. Only 34 drivers have managed the feat since Giuseppe Farina won the inaugural 1950 season. Check below for the most recent 21st-century champions: 

Lewis Hamilton 

Lewis Hamilton is a British racing sensation tied with Michael Schumacher for the most Drivers’ Championships, with seven to his name. He became the youngest-ever champion in 2008 with McLaren before moving to Mercedes in 2013 and picking up a further six trophies. Known for relentless consistency and tenacity on the circuit, Hamilton will certainly go down as an all-time F1 great. 

Max Verstappen 

Max Verstappen picked up his first Drivers’ Championship in 2021 under controversial circumstances after overtaking Lewis Hamilton on the last lap of the season closer in Abu Dhabi. The Dutch driver dominated for Red Bull in 2022 and is the F1 Drivers’ Championship odds favourite for 2023 by quite some distance. 

Nico Rosberg 

Son of the 1982 Champion Keke Rosberg, Nico Rosberg struck up a fierce rivalry with Mercedes teammate Lewis Hamilton between 2013 and 2016. The German won his maiden title in 2016 and swiftly retired soon after. 

Jenson Button 

The 2009 F1 Championship odds had Jenson Button at 100/1 to win the Drivers’ Championship at the start of the season, but this didn’t stop the Brit from pulling it off. A combination of consistent driving and an excellent Brawn car allowed Button to generate an unassailable lead in the first half of the season. Ultimately, it proved impossible to claw back. 

Sebastien Vettel 

Sebastien Vettel put the Red Bull F1 team firmly on the map with four consecutive Drivers’ Championship titles between 2010 and 2013. The German became the youngest champion ever in 2009, dramatically leapfrogging Fernando Alonso and Mark Webber in the table after winning the last race in Abu Dhabi. 

Kimi Räikkönen 

Kimi Räikkönen was unlucky to be racing at the same time as Michael Schumacher and Fernando Alonso, as the Finn narrowly missed out on the Drivers’ Championship on several occasions. A journeyman who drove for Sauber, McLaren, Ferrari, Lotus, and Alfa Romeo, he picked up his sole championship trophy in 2007. 

Fernando Alonso 

The Spaniard Fernando Alonso achieved the unthinkable in 2005, finally ending Michael Schumacher’s outrageously dominant run of five consecutive titles. Even more impressively, Alonso drove for Renault, relative minnows compared to Ferrari and McLaren, whose dominance stretched back to 1998. He picked up a second title in 2006 but missed out on any more after moving to McLaren in 2007. 

Michael Schumacher

No driver has dominated the F1 Drivers’ Championship to the same extent as Michael Schumacher during his decorated career. The German picked up two titles racing for Benetton in 1994 and 1995, but Ferrari supercharged his career when he joined in 1996. Schumacher won five titles between 2000 and 2005, winning the 2002 edition with six races remaining, a record that still stands today. Our prayers go out to Michael as he continues to recover from his life-threatening skiing injury.

2023 FIA Formula One World Championship  – Latest Developments on Odds & Favourites

• 7th May – At the Miami Grand Prix, Max Verstappen would pass Sergio Pérez, his teammate during the closing stages of the race. He would go on to win the race, with Pérez and Alonso making up the final two places on the podium, respectively. He is now the heavy favourite to retain the F1 Driver Championship at 89%.
• 28th May – Max Verstappen cemented his hold on the Drivers Championship with his 2nd win at the Monaco Grand Prix

The Story Last Season – Odds Commentary on the 2022 World Championship

• 27th July – Ferrari’s brief resurgence has come to a halt after an incredibly disappointing French GP, where they failed to reach the podium at all. Verstappen took the victory, and his lead at the top of the driver’s standings is beginning to look unassailable.
• 12th July –  Ferrari secured back-to-back wins thanks to Charles Leclerc’s victory at the Austrian GP, with Max Verstappen finishing second, and Lewis Hamilton coming in third.
• 5th July – Carlos Sainz ended his long wait for a maiden GP victory at the British GP, in a dramatic race in which Sergio Perez finished second, and Lewis Hamilton came third in his home GP.
• 21st June – Verstappen extended his lead at the top of the Drivers’ Championship standings with victory at the Canadian GP. Ferrari’s Carlos Sainz finished in second, while Lewis Hamilton finished third.
• 14th June – Max Verstappen won comfortably in Baku, Azerbaijan with his Red Bull teammate behind him in second. George Russell completed the podium in third.
• 1st June – One of the highlights of the racing calendar didn’t disappoint once again, with Sergio Perez winning a thrilling Monaco Grand Prix in wet conditions. Carlos Sainz came in second, while Max Verstappen finished third. 
• 24th May – Max Verstappen overtook Charles Leclerc at the top of the Drivers’ Championship standings thanks to a fantastic victory at the Spanish GP. It was a Red Bull 1-2 with Sergio Perez finishing second, with Mercedes’ George Russell finishing third.
• 10th May – Formula 1 staged the first ever Miami Open to add even more panache to their glamorous schedule, with Max Verstappen once again outdueling Charles Leclerc. Verstappen’s win was the first time anyone has won two races in a row this year. This has led to a small swing in the odds in favour of Verstappen at 54.80%, even though Leclerc is still 19 points ahead in the Driver’s Championship.
• 25th April – Max Verstappen returned to winning ways in emphatic style by completing the second grand slam of his career. Sergio Perez finished in second, to give Red Bull their first 1-2 finish since the 2016 Malaysian Grand Prix. This has turned the F1 season into an exciting two horse race, with Verstappen’s odds of winning the Driver’s Championship at 50.84%, with Leclerc barely behind him on 50.61%.
• 11th April – Formula 1 returned to Australia for the first time since 2019 at the weekend, and Albert Park became the site of Charles Leclerc’s first grand slam in the sport. Landing P1 in qualifying, leading every lap, and setting the fastest lap is so mean feat, and with a third podium and second win in three races it’s fair to say that the Monegasque Ferrari driver is a force to be reckoned with this season. Max Verstappen put in a strong performance as he worked to gain ground on Leclerc, but a late engine malfunction and fire forced the current World Champion to retire. Mercedes’ travails continued, with the until-recently dominant team failing to finish in either of the top two positions once again. The final standings have triggered a big swing in the odds tracker, with Leclerc’s odds shortening to 59.6% and Verstappen’s lengthening to 32.56%. The new regulations have certainly inspired a redressing of balances on the grid so far, but there’s still every chance that both Mercedes and Red Bull will improve their performances over this long season.
• 28th March – The Saudi Arabian GP saw a range of car problems between teams, with only 13 racers reaching the chequered flag. There was no such bad fortune for Max Verstappen this weekend, however, with the Dutchman making a very late attacking move on Charles Leclerc to take the victory from the Monegasque driver. While Leclerc remains first in the Championship on points, the win sees Verstappen take the lead in the odds tracker with odds shortening to 52.13% as Leclerc chases with 38.07%. Lewis Hamilton’s odds have lengthened again to 10.72% after a combination of his off-the-pace car and a missed opportunity to pit behind a safety car saw him finish in P10. With two Ferraris on the podium once again, Mercedes have a lot of catching up to do if they want to extend their run of Constructors’ Championships to nine in a row.
• 21st March – Our odds tracker features some exciting shifts following the 2022 Bahrain GP, with Charles Leclerc’s odds shortening by 22.93% to become the bookies’ favourite ahead of Max Verstappen. The Ferraris finished in P1 and P2, with Leclerc taking the win over teammate Carlos Sainz. Having struggled for pace, Lewis Hamilton is currently third-favourite with his odds lengthening by 11.86% despite his podium finish. While Hamilton landed P3, with George Russell in P4, the Mercedes drivers’ strong finish was largely enabled by Red Bull’s dual-retirement late in the race. Defending Champion Verstappen was in fine fettle, challenging Leclerc for P1 throughout the race, but unfortunately both he and Sergio Pérez left Bahrain without any Championship points. Special mention goes to Kevin Magnussen, who only recently replaced Nikita Mazepin; the Dane not only secured Haas’s first points finish since 2020, but did so in style by finishing in P5.
• 15th March – With new regulations and a brand-new World Champion, all eyes were on testing last week as the ten Formula 1 teams unveiled and showcased their new cars’ capabilities. Questions are already being asked of Mercedes’ competitivity, with Lewis Hamilton having registered the 16th-fastest lap time in testing while new teammate George Russell finished in 5th. Champion Max Verstappen set the fastest time by over half a second on Mick Schumacher’s Haas, but the bookies nevertheless have the seven-time winner Hamilton as the favourite heading into the first weekend. In recent years Mercedes have been a different beast on race day after unimpressive test sessions, so perhaps the assumption is that the current Constructors’ Champions will pull off a turnaround once again. However, if testing is anything to go by, it looks like the new regulations have precipitated a reordering of power on the grid. Whatever happens, the 2022 season looks set to be even more unpredictable and thrilling than 2021’s.

2023 F1 Race Calendar

Learning the vital dates in the 2023 calendar gives an important insight into the F1 Drivers’ Championship odds. Check below for all 23 race days and factor the different circuits into your sports betting decision process. The Italian Emilia-Romagna has sadly been called off due to extreme weather and flooding. 

We monitor trends in odds on key markets of interest by tracking a range of UK and international bookmakers. The update frequency varies, but is clearly shown on all our tables and charts. After fetching odds direct from bookies, we convert them to implied probability to make them easier to manage (read more on implied probability and converting from fractional to % probability). We then take the mean average implied probability to get a consensus view across the betting industry. This average implied probability is what we show on our charts and tables.

Mobile Betting on F1 Championship Winners

Mobile betting is undoubtedly the preferred way to bet on F1 Championship odds nowadays. Modern smartphones allow for unprecedented practicality compared to desktops, so you can place bets from pretty much anywhere provided you have a stable internet connection. While most F1 betting platforms have HTML5 sites, the best ones also offer native mobile betting apps.