The 2023 Formula 1 season takes off on the first weekend of March in Bahrain. This season features a record-breaking 23 races over nine months and guarantees unlimited motorsport action and betting. The calendar features the all-new race at Las Vegas, including six full sprint races. Of course, we are bound to see classic circuits such as Monaco and Silverstone along the way.

A Closer View of the 2023 Formula 1 Season Odds

#F1 Launch season = DONE!

But which one is your favourite? pic.twitter.com/v3IUtIowNr

— Formula 1 (@F1) February 19, 2023

READ MORE: 2023 Formula 1 Season Schedule

Max Verstappen dominated the 2022 season and comes in as the favorite to win the 2023 title. He came out on top on 15 occasions, which is the most by any driver in a year. The Dutchman, along with teammate Sergio Perez and Red Bull, topped the Constructors’ Championship last year. The dominant duo registered a success rate of 77% and is the team to beat.

Rivals Mercedes and Ferrari could bridge the gap this time. Since tumbling down the charts, the German constructor with seven-time World Champion Lewis Hamilton had difficulty coping with the brand-new car changes and regulations. The same goes for Italian constructor Ferrari, who did well earlier last year but eventually faced reliability and strategy issues.

Nevertheless, six drivers and three constructors have a solid shot at the prestigious 2023 F1 trophies. Of course, Max Verstappen and his Red Bull sit on top of the mountain. Sergio Perez wants a piece of the action but needs to be more consistent if he wants to put pressure on his teammate. Meanwhile, Charles Leclerc and Carlos Sainz at Ferrari hope to get a better car and improved tactics with first-year principal Fred Vasseur at the helm. Mercedes looks forward to an improved car as well with the duo of veteran driver Lewis Hamilton and rising star George Russell.

With that, let’s take a look at the updated Drivers’ and Constructors’ Championship odds before the season drops its first checkered flag.

2023 Drivers’ Championship Odds

• Max Verstappen (-133)
• Lewis Hamilton (+300)
• Charles Leclerc (+650)
• George Russell (+750)
• Carlos Sainz (+2,500)
• Sergio Perez (+2,500)
• Lando Norris (+10,000)
• Fernando Alonso (+15,000)
• Esteban Ocon (+25,000)
• Pierre Gasly (+30,000)
• Valtteri Bottas (+50,000)
• Lance Stroll (+50,000)
• Oscar Piastri (+50,000)
• Kevin Magnussen (+100,000)
• Nico Hulkenberg (+100,000)
• Nyck de Vries (+100,000)
• Alex Albon (+200,000)
• Logan Sargeant (+200,000)
• Zhou Guanyu (+200,000)
• Yuki Tsunoda (+200,000)

2023 Constructors’ Championship Odds

• Red Bull (-110)
• Mercedes (+138)
• Ferrari (+550)
• McLaren (+12,500)
• Alpine (+12,500)
• Aston Martin (+35,000)
• Alfa Romeo (+35,000)
• AlphaTauri (+50,000)
• Williams (+99,900)
• Haas (+99,900)

Where to Bet on F1 with Crypto

Formula 1 features a continuously growing betting market for veteran and novice punters. Motorsport lovers will get a kick out of our F1 odds selection, which features Drivers and Constructors’ Championship futures and outright winners of each Grand Prix.

This is just one of the many sports betting guides that you can read here at Nitrobetting news. Stay tuned for more Formula 1 previews and articles, and don’t forget to check out the latest sports betting odds at our crypto sportsbook.