Formula 1 odds, explained: How moneylines and same race parlays work.

February 27, 2024

The 2024 Formula 1 season starts March 2 with the Bahrain Excellent Prix. Three-time reigning champ Max Verstappen and Red Bull Dashing are hoping to make it four titles in succession this season after a generally prevailing effort in 2023.

There are 24 races this season – a record in the game’s set of experiences – beginning in Bahrain and finishing with the Abu Dhabi Great Prix Dec. 8.

Over the next nine months, there are a lot of ways of adding to the energy with bets on Formula 1 dashing. This is the way Formula 1 wagering works: Formula 1 chances and motorsports chances overall work in much the same way to a moneyline in NFL or NBA chances.

There are moneyline chances for the race victor, shaft position, and other for every Excellent Prix occasion as well as the title champ. Here are the chances for the 2024 Recipe 1 drivers title from BetMGM’s Equation 1 chances:

Max Verstappen (- 500) Lando Norris (+1200) Lewis Hamilton (+1200) Charles Leclerc (+1600) George Russell (+2500) Sergio Perez (+2800) Oscar Piastri (+4000) Fernando Alonso (+4000) Carlos Sainz Jr. (+5000) Alexander Albon (+25000) Spear Walk (+50000) Daniel Ricciardo (+50000) Pierre Gasly (+75000) Esteban Ocon (+75000) Yuki Tsunoda (+75000) Valtteri Bottas (+150000) Guanyu Zhou (+150000) Kevin Magnussen (+200000) Nico Hulkenberg (+200000) Logan Sargeant (+200000)

For instance, Verstappen is – 500 to bring home the championship. In the event that he succeeds, a $100 bet on him bringing home another championship pays out $20 notwithstanding the $100 bet.

2024 Formula 1 parlay chances Moneyline chances are accessible for the race champ, shaft position victor, driver with the quickest lap of the race, and platform finishers.

This arrangement implies you can construct an equivalent race parlay like a NFL same game parlay.

For instance, you can parlay a Verstappen win and post position along with a platform finish for another driver. Those wagers may each be between – 200 and – 500 however you can parlay them together for a greater payout.