F1 World Drivers' Championship Odds: Time is Now for Norris?

Max Verstappen ran away with the 2023 F1 Drivers' Championship, but Lando Norris is threatening to give Max a run for his money in 2024 as we look at the latest F1 odds.

May 22, 2024 • 10:29 ET • 4 min read
F1 Lando Norris McLaren
Photo By - USA TODAY Sports

Max Verstappen and the Red Bull racing team locked up the Drivers' Championship and Constructor's Championship, respectively, for the 2023 Formula 1 season with weeks to spare, and they're odds-on favorites to win again in 2024.

Aside from the Australian Grand Prix in which Verstappen DNF'd due to brake issues, it was smooth sailing for the Belgian-Dutch superstar until the Miami GP. Lando Norris beat him fair-and-square to boost his stock in the latest F1 Drivers' Championship odds, though Miami GP runner-up Verstappen went on to win the Emilia Romagna GP and is still a heavy chalk, as is Red Bull in the latest Constructor's Championship odds.

2024 F1 Drivers' Championship odds

Driver Team Caesars FanDuel bet365
Max Verstappen Red Bull -6,600 -900 -10,000
Lando Norris McLaren +2,800 +1,400 +4,000
Charles Leclerc Ferrari +4,000 +2,200 +5,000
Sergio Perez Red Bull +6,600 +4,200 +6,600
Carlos Sainz Ferrari +17,500 +4,200 +20,000
Oscar Piastri McLaren +25,000 +20,000 +25,000
George Russell Mercedes +150,000 +50,000 +150,000
Lewis Hamilton Mercedes +150,000 +50,000 +150,000
Fernando Alonso Aston Martin +300,000 +50,000 +200,000
Lance Stroll Aston Martin +400,000 +50,000 +300,000
Yuki Tsunoda VCARB +500,000 +50,000 +450,000
Daniel Ricciardo VCARB +500,000 +50,000 +450,000
Alexander Albon Williams +500,000 +50,000 +450,000
Pierre Gasly Alpine +500,000 +50,000 +450,000
Esteban Ocon Alpine +500,000 +50,000 +450,000
Valtteri Bottas Kick Sauber F1 +500,000 +50,000 +450,000
Guanyu Zhou Kick Sauber F1 +500,000 +50,000 +450,000
Kevin Magnussen Haas +500,000 +50,000 +450,000
Nico Hulkenberg Haas +500,000 +50,000 +450,000
Logan Sargeant Williams +500,000 +50,000 +450,000

Odds as of 5-22-2024.

2024 F1 Drivers' Championship favorites

Max Verstappen (-900 to -10,000)

Max Verstappen regained control of the drivers' standings soon after the Australian GP scare, but McLaren's Lando Norris is proving to be a stubborn customer. After losing to Norris in Miami, Verstappen beat him by less than a second in the Emilia Romagna GP. 

We'll see if Verstappen can keep his stranglehold on first place in the prestigious Monaco GP.

Lando Norris (+1,400 to +4,000)

Lando Norris' out-of-nowhere win in Miami saw his odds come tumbling down from as high as +11,000, and his price has once again been slashed by upwards of 50% at some sites after a solid second in Leg 1 of F1's two-race swing in Italy.

Things started poorly for Norris with just one podium through four races, but he placed second in the Chinese GP before stunning the crowd in the Miami GP. Can he build on this momentum in the Monaco GP?

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2024 F1 Constructors' Championship odds

The 2023 season was an all-time triumph for Red Bull, as it won 21 of 22 races. We're seeing more-or-less the same dominance so far in 2024 following wins in five of the first seven races.

Odds as of 5-22-2024.

Past F1 Drivers' Champions 

The 2010s began with a dynastic run for Red Bull and Sebastian Vettel, and history may be repeating itself. Max Verstappen has won three consecutive Drivers' Championships, and is favored to make it four in a row.

Year F1 World Champion Runner-up
2023 Max Verstappen Sergio Perez
2022 Max Verstappen Charles Leclerc
2021 Max Verstappen Lewis Hamilton
2020 Lewis Hamilton Valtteri Bottas
2019 Lewis Hamilton Valtteri Bottas
2018 Lewis Hamilton Sebastian Vettel
2017 Lewis Hamilton Sebastian Vettel
2016 Nico Rosberg Lewis Hamilton
2015 Lewis Hamilton Nico Rosberg
2014 Lewis Hamilton Nico Rosberg

Past F1 Constructors' Championship winners

Mercedes had won the Constructors' Championship in eight straight seasons before Red Bull finally returned to the mountain top in 2022. They were totally dominant in 2023, and have their eyes on a third straight win this season.

Years Constructors' Champion Runner-up
2023 Red Bull Racing Mercedes
2022 Red Bull Racing Ferrari
2021 Mercedes Red Bull Racing-Honda
2020 Mercedes  Red Bull Racing-Honda
2019 Mercedes Ferrari
2018 Mercedes Ferrari
2017 Mercedes Ferrari
2016 Mercedes Red Bull Racing Tag Heuer
2015 Mercedes Ferrari
2014 Mercedes Red Bull Racing Renault

How to bet on F1 futures odds

The most popular way to bet Formula One futures is by simply picking the winner of the F1 World Drivers' Championship. The champion is crowned via a points system based on the final race results of each drive. While the winner is not officially given the title until the final race of the season they can secure the championship with races remaining on the schedule. 

Another F1 futures bet is the World Constructors' Championship which is awarded to the constructor (the team that builds the components of the car) who accumulates the most points at the end of the season. In 63 seasons, only 11 times has the winning constructor not been on the same team as the winner of the World Drivers' Championship.

F1 futures odds will usually look like this:

  • Lando Norris +1,200

This means that on a $100 bet, you'll stand to profit $1,200 if Norris wins the Drivers' Championship. If it's close to the end of the season or one driver is simply that dominant, you might see a minus sign (-) ahead of their odds. 

  • Lewis Hamilton -175

This means that you would need to bet $175 to win $100 on Hamilton winning the Drivers' Championship.

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