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Best Bets: F1 Canada Grand Prix 2024 Pre-Event Odds Analysis

Best Bets: F1 Canada Grand Prix 2024 Pre-Event Odds Analysis

The picturesque streets of Monte Carlo provided the backdrop for a thrilling Monaco Grand Prix that saw homegrown hero Charles Leclerc finally shake off his curse and claim a long-awaited victory. The Ferrari ace held off a charging Oscar Piastri to take the checkered flag, with teammate Carlos Sainz rounding out the podium. Early drama saw championship leader Max Verstappen struggle to sixth, tightening the title race.

Now, the Formula 1 circus crosses the Atlantic for the ever-popular Canadian Grand Prix in Montreal. The challenging Circuit Gilles Villeneuve, named after the legendary Ferrari driver, poses a unique test with its unforgiving walls and slippery surfaces. As the season hits a critical juncture, the Canadian round offers savvy bettors enticing opportunities to capitalize on the ebbs and flows of this captivating campaign. Let’s dive into the odds, analyze the contenders, and pinpoint where the smart money lies.

After reading, check out our partner sportsbooks to get valuable promotions and place your bets. 

In addition to traditional sports betting on F1, the Canadian GP has Daily Fantasy Sports (DFS) Real Money Gaming available in a Pick’Em style on Underdog. Although “fantasy games” might seem misleading, DFS is a significant and growing category within legal sports wagering. F1 fans are allowed to legally make better/worse picks with real money gaming in 30 states, including California, Texas & Wisconsin where traditional sports betting is currently illegal.

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Schedule and How to Watch the F1 Canada Grand Prix

The F1 Canadian Grand Prix roars to life on June 9th at the Circuit Gilles Villeneuve in Montreal, Quebec. Qualifying begins at 4:00 PM ET on Saturday June 8th, with lights out for the race at 2:00 PM ET on Sunday.

For the complete schedule and updates, be sure to visit the official Formula 1 website.

To catch every thrilling moment of the Canadian Grand Prix as it unfolds, tune into ESPN for live coverage, ensuring you don’t miss a single second of the drama in Shanghai. For the latest odds and previous results, be sure to check NXTbets.

Best Bets and Picks for the F1 Canada Grand Prix

Top Picks and Bets

Driver

Event Winner

$20 Payout

Podium

$20 Payout

Max Verstappen

-250

$28.00

-600

$23.33

Charles Leclerc

+500

$120.00

-225

$28.89

Lando Norris

+650

$150.00

-200

$30.00

Max Verstappen (-250 to win, -600 podium) may have had a weekend to forget in Monaco, but the Red Bull ace remains the man to beat heading into Canada. The defending champion has turned the Circuit Gilles Villeneuve into his own personal playground in recent years, romping to commanding victories in both 2022 and 2023. Verstappen’s unmatched ability to walk the tightrope between blistering speed and razor-sharp precision makes him tailor-made for Montreal’s challenging layout, where even the slightest error can spell disaster. With Red Bull’s RB20 holding a clear straight-line speed advantage over the rest of the field, expect Verstappen to deploy his superior top-end pace to devastating effect down the circuit’s lengthy back straight. Despite his lofty odds, the Dutchman looks like a cast-iron certainty to bounce back with a podium at minimum this weekend.

Charles Leclerc (+500 to win, -225 podium) heads to Canada riding the crest of a wave after finally banishing his Monaco hoodoo with a sensational hometown victory. The Ferrari superstar has been in electrifying form over a single lap all season long, routinely putting his SF-24 on pole position with a string of world-class qualifying performances. That raw speed could prove invaluable in Montreal, where track position reigns supreme and overtaking opportunities are few and far between. While question marks linger over Ferrari’s outright race pace and tire degradation, Leclerc’s newfound maturity and composure behind the wheel suggest he has the tools to keep Verstappen honest on Sunday. With his self-belief sky high and the Tifosi’s vociferous support ringing in his ears, Leclerc looks primed to mount a genuine victory charge and cement his status as Verstappen’s chief title rival.

Consistency, rather than outright speed, has been the bedrock of Lando Norris‘ (+650 to win, -200 podium) stellar 2024 campaign to date. The McLaren youngster has been a steady presence in a chaotic season, banking a win and four podiums to keep himself firmly in the title hunt. Norris’ metronomic points-scoring has been underpinned by a cerebral approach to race craft and an uncanny knack for being in the right place at the right time. While the MCL39 may not boast the sheer pace of the Red Bull or Ferrari, its benign handling characteristics and forgiving balance could be a real asset on the Montreal circuit’s treacherous kerbs and unforgiving walls. With Norris’ silky smooth driving style dovetailing perfectly with his machinery, the young Brit looks a rock-solid bet to add to his podium total and keep his championship push on track.

Outsider Bets

Driver

Event Winner

$20 Payout

Podium

$20 Payout

Oscar Piastri

+1800

$380.00

+120

$44.00

Carlos Sainz

+2200

$460.00

+165

$53.00

Sergio Perez

+2500

$520.00

+225

$65.00

Oscar Piastri (+1800 to win, +120 podium) has been a revelation in 2024, consistently challenging his teammate Lando Norris and showcasing his talent. The Australian’s runner-up finish in Monaco underlined his growing confidence and racecraft. Hoping to improve on his 11th place finish in last year’s Canadian Grand Prix, Piastri looks poised for a strong result in Montreal. While a win might be tough against the likes of Verstappen and Leclerc, the attractive odds make him a compelling podium pick.

Carlos Sainz (+2200 to win, +165 podium) has had a solid, if somewhat overshadowed, start to 2024. The Spaniard’s consistency has been key, regularly scoring points for Ferrari, as evidenced by his third-place finish in Monaco. Sainz has shown speed at the Circuit Gilles Villeneuve before, finishing fifth last year and second in 2022. With Ferrari’s competitiveness and Sainz’s ability to seize opportunities, he could be a dark horse for a podium if he qualifies well and executes a smart race strategy.

Sergio Perez (+2500 to win, +225 podium) aims to bounce back from a disappointing string of results, including a first-lap retirement in Monaco. Despite recent struggles, the Mexican’s experience and tire management skills make him a contender. With the Red Bull RB20’s impressive straight-line speed and Perez’s determination to turn his season around, he could be a value pick for a podium finish at +225. If he can stay out of trouble in the early stages and make the most of his tire strategy, Perez has the potential to score a much-needed top-three result in Montreal.

Expert Pick for F1 Canada 2024

While it’s hard to look past Verstappen given his imperious Montreal form, we’re backing Charles Leclerc to ride the momentum from Monaco to a second consecutive victory. The Monegasque has all the tools to be a dominant force in F1 and looks primed to hit a purple patch after his confidence-boosting home win. If Leclerc can nail qualifying and get out front early, the -225 odds on a podium look like a banker bet.

F1 Championship Futures Update

Driver

Champion Odds

$20 Payout

Max Verstappen

-3500

$20.57

Charles Leclerc

+1000

$220.00

Lando Norris

+2500

$520.00

Sergio Perez

+10,000

$2020.00

Oscar Piastri

+10,000

$2020.00

Max Verstappen may have seen his championship lead cut to 31 points in Monaco, but the betting markets remain convinced the Dutchman is on course for a fourth straight title. Verstappen’s odds have actually shortened from -2500 to a prohibitive -3500 after Monaco, with Leclerc’s victory only seeing his price cut from +4500 to +1000. Elsewhere, Perez’s first-lap exit has seen him drift out to +10,000, while Piastri’s runner-up finish was enough to put him on the championship odds board for the first time at the same lengthy price.

Where to Bet on Formula 1

Visit our partner sportsbooks to access special deals that will elevate your betting experience as you anticipate the upcoming Canadian GP. If you’re a newbie in the thrilling world of Formula 1 betting, our comprehensive Formula 1 Betting Guide is a must-read. Remember to enjoy the race and make your betting choices wisely. Betting responsibly ensures the fun lasts all season long.

With storylines swirling and the championship battle finely poised, the Canadian Grand Prix promises to be a crucial inflection point in this captivating F1 season. Can Verstappen reassert his dominance at a happy hunting ground? Will Leclerc make it back-to-back wins and emerge as a serious title contender? Or will an outsider spring a surprise at this most unpredictable of venues? One thing’s for sure – you won’t want to miss a second of the action from Montreal. Stay tuned for expert insights and in-depth analysis throughout an exhilarating weekend in Canada!

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