Once again, Max Verstappen and Red Bull dominated the Formula 1 Season. Verstappen won 15-of-18 races and sewed up the championship before the Singapore Grand Prix on September 17. Heading into the 2024 Formula 1 Season, Red Bull and their star driver are going to be odds-on favorites to make it three straight titles. Will Max lift another Drivers’ Championship and will Red Bull secure yet another Constructors’ title? Check out early F1 odds, analysis, and picks for the 2024 Formula 1 Season.

A Look at the 2024 Constructors’ Championship and Drivers’ Championship Odds

The first driver to reach 1,000 laps led in a season #F1 @Max33Verstappen pic.twitter.com/XNxVu7BJSz

— Formula 1 (@F1) November 30, 2023

READ MORE: 2023 F1 Season Betting Recap

Top Pick to Win the 2024 Constructors’ Championship

At odds of anything better than -500, Red Bull is the top pick. Heck, even at -500, Red Bull is the choice to win the 2024 F1 Constructors’ Championship.

The secret to Red Bull’s success is that not only do they have the top driver, but Red Bull also boasts the genius, Adrian Newey. The British engineer is the lead architect of Verstappen’s ride.

Newey is also the reason Sergio Perez won a couple of races in 2023. Verstappen and Perez plus Newey makes Red Bull the team to beat.

Second Pick to Win the 2024 Constructors’ Championship

McLaren is second choice because while Newey remains a part of Red Bull’s team, McLaren doled out big bucks to attract Rob Marshall from Red Bull. Marshall is Newey’s right-hand man.

So McLaren is trying to steal some of Red Bull’s thunder by handing their technical chief duties to Marshall. Marshall may not have enough of an impact in his first season to take McLaren to the promised land, but he could do enough to push McLaren into a close second.

Third Pick to Win the 2024 Constructors’ Championship

It’s difficult to see any team challenging Red Bull or McLaren because no other team has a technical chief with the knowledge that Marshall and Newey possess.

However, it’s also difficult to believe that a constructor like Ferrari will continue to fail season after season. So if you’re looking to beat Red Bull and McLaren doesn’t entice, consider backing Ferrari.

Top Pick to Win the 2024 Drivers’ Championship

At the odds, Max Verstappen has to be the top pick. Max is the best driver on the Formula 1 circuit. For the second straight season, Verstappen dominated his rivals.

The issue with going against Max is that not only is he the best driver, but Adrian Newey is an auto racing technical genius. So beating Max means going against the best driver and best engineer. That’s a tough accomplishment.

Second Pick to Win the 2024 Drivers’ Championship

Based on Lando Norris’s finishes in 2023, it appears as if McLaren will lean on Norris to be their Max Verstappen. Norris had a decent season considering nobody was going to beat Max.

In the last eight races of the season, when Rob Marshall’s technical engineering began to take hold, Norris finished second in four of the events, third once, fifth once, and had to retire just once.

So, for sure, Norris is going to be the top challenger to Verstappen’s throne.

Third Pick to Win the 2024 Drivers’ Championship

Lando’s teammate, Oscar Piastri, didn’t perform as well as Norris to end the 2023 Formula 1 Season. But Piastri did post three decent finishes.

Oscar crossed the line second in Qatar. In the race before, the Japanese Grand Prix, Piastri finished third. In the final race of the season in Abu Dhabi, Oscar finished sixth.

If Piastri gets it going on Norris’s level, he could have a big shot of beating his teammate and taking it to Verstappen. Consider for sure if you want to make an early F1 Drivers Championship bet.

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.

READ MORE: 2024 F1 Season Betting Predictions