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Formula One World Championship Winner Odds

Track the development of Formula One World Championship winner odds with our historical trend data as Red Bull teammates Max Verstappen and Sergio Perez battle it out to win the 2023 Drivers Championship

Fans and bookies are backing their favourites for the 2023 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:

What Odds Mean

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

Review of the Best Sites for F1 Championship Betting

  • My main HeySpin sports betting highlight is the instant withdrawals powered by TrueLayer. Punters can access instant payments without any fees or new accounts by registering their current bank account. This isn’t the bookmaker’s only perk, with extensive cashout controls and boosted combo wins available. 

    As an F1 betting fan, I was happy to find comprehensive search filters for all available betting markets directly from the left-hand HeySpin sports menu. You can choose from outrights and F1 Drivers’ Championship odds through to specific races and an in-play suite. The sportsbook has better odds on 2023 dark horses like McLaren’s Lewis Hamilton and George Russell but slightly less generous on the overwhelming favourite Max Verstappen.

    pros icon Pros:
    • Instant withdrawals via TrueLayer
    • Specialist online casino section
    • Nice and intuitive Formula 1 betting category
    • Comprehensive cashout controls
    cons icon Cons:
    • Not many regular sports betting promos
    • 24/7 customer support live chat not available
  • Bet Storm is one of a growing number of excellent ProgressPlay sports betting platforms famed for its versatile live betting features and regular promotions. My personal favourite aspect is the Formula 1 cashback ongoing promotion, with 10% of deposit losses up to £500 available as cash back. The bonus isn’t subject to any wagering requirements either, so any cashback is immediately available to withdraw. All I had to do was make a minimum £10 deposit using the “TORQUE” promo code to take advantage. 

    Bet Storm excels in other areas, namely the “Live Multiview” live betting suite. I could drag and drop live events and betting markets neatly into one page, significantly enhancing the in-play wagering experience. 

    pros icon Pros:
    • F1 cashback promotion
    • Competitive F1 Drivers’ Championship odds
    • “Live Multi-View” feature
    • Generous casino and sportsbook rewards programme
    cons icon Cons:
    • Website design isn’t great
    • Sportsbook can sometimes go offline
  • I’m a massive fan of the fresh 10bet interface, with the sportsbook significantly revamping its aesthetic design and layout. The sleek colourway and simple yet effective platform is really pleasant to use, although I wish the sportsbook had a dedicated F1 betting section rather than lumping it under motor racing. It’s not a huge issue but it does mean a few more clicks to get to the F1 Championship odds and individual race pages. 

    10bet makes up for it with the stacked regular promotions, including an up to £5000 cash bonus on winning accas and an up to £50 welcome bonus. Elsewhere, the sportsbook has regular free bet promotions on large sporting events, with the Silverstone Grand Prix and other races covered every season. 

    pros icon Pros:
    • Superb design
    • Regular free bet promotions
    • Fantastic live betting coverage
    • Partial cash out
    cons icon Cons:
    • No direct link to F1 betting
    • 8x playthrough on sports welcome bonus
  • 32Red is one of the most inventive bookmakers, going above and beyond regarding F1 Championship odds and individual race bets. I was a huge fan of the “Matchups” markets on the Drivers’ Championship, offering the chance to bet which racer out of a pair, such as Oscar Piastri and Lando Norris, would end with the best finishing position. It’s not something I’ve seen at too many other sportsbook platforms, marking the operator out as a top F1 betting site. 

    iOS and Android apps supercharge the 32Red mobile betting experience. I enjoyed the bespoke design and mobile-specific features like biometric security and push notifications. The only area where the bookies could do better is in its layout – it takes a few clicks more than I’d like to access the F1 betting page. 

    pros icon Pros:
    • F1 Championship odds on matchups
    • Great betting interface
    • iOS and Android apps
    • 150% welcome bonus
    cons icon Cons:
    • Limited regular betting promos
    • Slightly convoluted layout
  • Luckster is another great F1 betting site offering instant payouts via TrueLayer. This was the first characteristic to pique my interest, but it was by no means the last. The Irish-themed platform has one of my favourite bet slips, with a particularly useful 1-click betting toggle. There’s also a brilliant bet builder tool easily accessible on the right-hand screen, but it’s unfortunately unavailable for Formula 1 betting. 

    It didn’t take long to get over this disappointment, though, as Luckster has one of the industry’s most comprehensive array of F1 Championship odds and betting markets. I had 38 at the time of writing, covering outrights on the Drivers’ and Constructors’ Championships alongside specific races and driver matchups. 

    pros icon Pros:
    • Instant payouts via TrueLayer
    • Regular boost promos
    • Useful search filters
    • Cashout functionality
    cons icon Cons:
    • Bet builder not available for F1
    • HTML5 site is slightly over-cluttered
Previous Winners

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 Calendar

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. 

Round

Date

Track

Country

Winner

#1
3rd-5th March Bahrain International Circuit Bahrain Max Verstappen
#2
17th-19th March Jeddah Corniche Circuit Saudi Arabia Sergio Perez
#3
31st March-2nd April Albert Park Circuit Australia Max Verstappen
#4
28th-30th April Baku City Circuit Azerbaijan Sergio Perez
#5
5th-7th May Miami International Autodrome USA Max Verstappen
#6
19th-21st May Autodromo Internazionale Enzo e Dino Ferrari Italy Called Off
#7
26th-28th May Circuit de Monaco Monaco TBA
#8
2nd-4th June Circuit de Barcelona-Catalunya Spain TBA
#9
16th-18th June Circuit Gilles Villeneuve Canada TBA
#10
30th June-2nd July Red Bull Ring Austria TBA
#11
7th-9th July Silverstone Circuit United Kingdom TBA
#12
21st-23rd July Hungaroring Hungary TBA
#13
28th-30th July Circuit de Spa-Francorchamps Belgium TBA
#14
25th-27th August Circuit Zandvoort Holland TBA
#15
1st-3rd September Monza Circuit Italy TBA
#16
15th-17th September Marina Bay Street Circuit Singapore TBA
#17
22nd-24th September Suzuka International Racing Course Japan TBA
#18
6th-8th October Lusail International Circuit Qatar TBA
#19
20th-22nd October Circuit of the Americas USA TBA
#20
27th-29th October Autódromo Hermanos Rodríguez Mexico TBA
#21
3rd-5th November Autódromo Hermanos Rodríguez Brazil TBA
#22
16th-18th November Autódromo Hermanos Rodríguez USA TBA
#23
24th-26th November Autódromo Hermanos Rodríguez Abu Dhabi TBA

2023 Drivers Championship – Latest Developments on Odds & Favourites (via bet365  – without Max Verstappen)

Sergio Perez
1/10
Lewis Hamilton
6/1
Fernando Alonso
50/1
Charles Leclerc
250/1
George Russell
500/1
Lando Norris
1000/1
Carlos Sainz
250/1

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.

F1 World Championship Winner Odds

To bet on your pick, compare our best free bet offers.

Mobile

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

Pros and Cons of Betting Via an App

Some of the main pros and cons of betting via an app include: 

pros-icon

Pros

  • One-click-access via your smartphone homepage
  • App-specific bonuses and odds boosts are common
  • Provides seamless mobile payment integration
  • Login details are saved for greater convenience
const-icon

Cons

  • Apps can take up phone storage space
  • Can be too much of a temptation for those who struggle with gambling addiction

FAQs

Who is the favourite to win the F1 championship in 2023?

Max Verstappen is the clear 2023 F1 Drivers’ Championship favourite. 

What are the odds on Max Verstappen winning the F1 championship?

At the time of writing, the F1 Drivers’ Championship odds for Max Verstappen winning is 9/1. 

What do the odds 11/2 mean?

11/2 odds mean you could win £11 from every £2 wagered.

How many world championships has Lewis Hamilton won?

Lewis Hamilton has won seven World Drivers’ Championships. 

What is the difference between the Drivers’ Championship and the Constructors’ Championship?

The Drivers’ Championship is a straight league between all drivers, whereas the Constructors Championship is a showdown between each racing team. 

The people behind this page

Compare.bet's online gambling content experts helped write, edit and check this page:

Marcus is Head of Content at Compare.bet, joining the team as an Editor in 2020. He has a degree in English and American Literatures, five years' experience as an editor, and bylines in The Times, iGamingFuture, Audioxide, GameRant, and Business Chief. Outside the online gambling space, Marcus spends his spare time listening to as much music as possible, praying for West Ham, working on his guitar skills, and trying not to suck at chess.
Alice is an Editor at Compare.bet, having joined the company from Gambling Insider in 2022. She's a dab hand at all things online gambling, from expertise in payment methods to her commitment to responsible gambling promotion. Outside of work, Alice is a huge sports fan who closely follows Arsenal and plays lacrosse in her spare time, to name just a couple of her sporting pursuits.