It seems like the 2022 season of Formula 1 just ended, and we are already getting ready for another exciting year of the world’s most competitive motorsport.
With the first race now just a month away, it is time to start thinking about the favorites and the underdogs, and everything in between for the true fans of the sport.
If you are into sports betting, the right time to make any long-term bets is also now, as the betting odds at sites like playersbest UK tend to be the highest before the season even kicks off.
But, before you make any rash decisions, let’s take a look at some of the betting markets for F1 out there, how they compare, and what bets might bring the best returns if made right now.
Who are the Favorites for the 2023 F1 Championship?
Formula 1 kicks off on March 5, 2023, with the Bahrain Grand Prix, as more and more of the F1 business moves into the Middle East.
As you would expect, last year’s dominating performance by Max Verstappen has made him a clear-cut favorite for the 2023 Championship as well, putting him well ahead of all the competitors.
The likes of Lewis Hamilton and Charles Leclerc come right behind, according to the bookies, while Max’s Red Bull teammate Sergio Perez is not currently among the top three contenders to win the Championship.
In fact, despite his third place finish last year, Perez is still considered to be behind George Russell and on par with Carlos Sainz, which makes Red Bull’s second driver potentially a valuable pick for any brave punters out there.
By all expectations, the season will likely come down to these six drivers, as the previous season demonstrated everyone else to be way behind, with other cars simply unable to compete with Red Bull, Ferrari, and Mercedes regardless of who is seated behind the wheel.
Who are the Best Betting Options?
Like we already mentioned, Max Verstappen is considered by the bookmakers to be a heavy favorite for another Championship title following his record-setting performances in 2022.
Despite that, the betting odds of just 1.72 seem to be poor value to wait out the whole season, which is why looking at one of the relative underdogs might be a good option.
Betting on anyone else to win it all would mean that the Dutch wonder would have to slow his roll quite a bit, but if this does happen several drivers would have a shot at glory.
Lewis Hamilton at 4.0 and Charles Leclerc at 6.0 both seem like reasonable options, especially if we consider Leclerc’s results in 2022.
Sainz and Perez, both coming in at 26.0, are great value options for those looking for a true upset, and could provide a huge return on the dollar for anyone brave enough to place such a wager.
The constructors championship is a lot closer than individual rankings, with Red Bull and Mercedes fighting for the top spot at 1.90 and 2.37 respectively.
Ferrari’s 6.50 betting odds offer value and an opportunity for a big win should Leclerc and Sainz manage to put in some heroic performances, and the Ferrari fans could easily benefit from making such a bet in the weeks leading up to the new Championship.
With just weeks left until the first race now and tension building up, there could hardly be a better time to look into placing your season bets to spice things up and make the year ahead that much more interesting.
