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

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

 

The 2024 Formula One season is shaping up to be a classic, with Max Verstappen facing a genuine challenge to his supremacy for the first time in years. The Flying Dutchman may have claimed his fifth win in seven races at the Emilia Romagna Grand Prix, but he was pushed to the absolute limit by a charging Lando Norris, who fell just 0.7 seconds short of making it back-to-back victories.

As the F1 circus heads to the iconic streets of Monaco, the crown jewel of the F1 calendar known for its unpredictable races and upsets, the question on everyone’s mind is whether Verstappen can extend his lead or if his rivals will step up to the challenge. The odds may favor the Dutchman, but in Monaco, anything can happen. Here’s our in-depth look at the top contenders and betting favorites.

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Schedule and How to Watch the F1 Monaco Grand Prix

The Formula 1 Grand Prix de Monaco 2024 takes place on Sunday, May 26th at the iconic Circuit de Monaco. The 78-lap race gets underway at 15:00 local time (6:00am PDT) with live coverage available in most regions. Practice sessions occur on Friday, May 24th with qualifying on Saturday, May 25th.

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

To catch every thrilling moment of the Monaco 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 Monaco Grand Prix

Top Picks and Bets

Driver

Event Winner

Podium

$20 Payout

$20 Payout

Max Verstappen

-200

-500

$30.00

$24.00

Lando Norris

+550

-165

$130.00

$32.12

Charles Leclerc

+550

-165

$130.00

$32.12

Max Verstappen may be the odds-on favorite, but he won’t have it all his own way in Monaco. The tight, twisty streets have a habit of leveling the playing field, and Verstappen can ill-afford a repeat of his 2022 qualifying mishap that left him mired in the midfield. The Dutchman’s aggressive style will need to be tempered with patience and precision if he’s to navigate the unforgiving barriers and resist the renewed pressure from his rivals. If he keeps his nose clean, Verstappen’s prodigious talent should carry him to victory – but it’s no longer the foregone conclusion it once was.

Lando Norris has emerged as the revelation of this season and Verstappen’s nearest rival. The 24-year-old Briton scored a sensational maiden win in Miami and came within a second of making it two in a row at Imola. Lando’s McLaren MCL39 can’t quite match the Red Bull on pure pace, but his driving has been inch-perfect and he has consistently put himself in a position to capitalize if Verstappen falters. The McLaren star’s silky smooth driving style and laser-guided precision could be lethal weapons on the streets of Monaco, and with his confidence at an all-time high, Norris will fancy his chances of becoming the first British winner in the Principality since Lewis Hamilton in 2019.

Charles Leclerc endured a somewhat disappointing third place at Imola, having shown the speed to fight with Norris for second before his tires degraded. However, the 25-year-old local hero will be motivated to bounce back at his hometown Monaco Grand Prix. With Ferrari bringing aerodynamic upgrades to the SF-24 this weekend, Leclerc likely has his best machinery yet to take the fight to Verstappen on the unforgiving streets he knows so well. As a proud Monegasque, there’s no bigger stage for Leclerc to make a statement in his championship pursuit. If the upgrades deliver as promised, he could provide a stiff challenge around a circuit that severely tests a car’s low-speed performance.

Outsider Bets

Driver

Event Winner

Podium

$20 Payout

$20 Payout

Oscar Piastri

+1400

+110

$300.00

$42.00

Sergio Perez

+1600

+165

$340.00

$53.00

Carlos Sainz

+1600

+150

$340.00

$50.00


Oscar Piastri has been overshadowed by his headline-grabbing teammate Norris, but is driving incredibly well in his second F1 season. He was a star performer at Imola, consistently pushing the frontrunners and pulling off some brilliant overtakes. Piastri has taken to life in F1 seamlessly after an impressive rookie campaign. While Monaco heaps immense pressure, his cool head and precision driving point to real podium potential this weekend.

Sergio Perez has endured a subdued start to 2024 in the shadow of his domineering teammate. But the experienced Mexican driver tends to come alive at the most technical and demanding circuits on the calendar. Perez took a stunning pole position and victory at Monaco in 2022, and would have been a good bet to repeat the feat last year if not for an unfortunate crash in qualifying. Write Checo off at your peril.

Carlos Sainz has been inconsistent in 2024, following up a win in Australia and a pair of 3rd place finishes with 3 consecutive 5th place results. However, the tight confines of Monaco could provide an opportunity for Sainz to reset. He’s an excellent operator in slow-speed corners who can maximize whatever package he has. If Sainz can rectify his recent qualifying issues and put together a stellar lap around the unforgiving barriers, he has the racecraft to potentially capitalize on any troubles for the lead cars. At generous odds, the Spaniard represents an intriguing darkhorse pick.

Expert Pick for F1 Monaco 2024

While Max Verstappen remains the sensible favorite, bolder punters should consider riding the hot hand of Lando Norris after his brilliant Miami breakthrough. The young Briton showed he now possesses the complete skillset to consistently run at the front, fending off Verstappen with a blend of pace, racecraft and poise. At generous +450 odds, backing Norris to double up and solidify his title threat status is a riskier but enticing bet – especially at a circuit that suits his strengths. For the high rollers, pairing a Norris win with a Verstappen podium (+100) could yield a massive payout if the changing of the guard is truly underway.

F1 Championship Futures Update

Driver

Champion Odds

$20 Payout

Max Verstappen

-2500

$20.80

Lando Norris

+2500

$520.00

Charles Leclerc

+4500

$920.00

Sergio Perez

+6000

$1,220.00

Carlos Sainz

+15,000

$3,020.00


The latest shift in championship odds suggests that while Verstappen remains the clear favorite at -2,500, bookmakers are starting to take his rivals more seriously. Perez’s drift to +6000 reflects his recent struggles, while Norris’ surge to +2500 marks him as Verstappen’s nearest challenger, thanks to his impressive performances and McLaren’s growing competitiveness. Leclerc and Sainz remain longshots at +4500 and +15,000 respectively, but the unpredictable nature of Monaco and potential upgrades could still shake up the title race. As the season nears its halfway point, every race becomes crucial, and the Monaco Grand Prix could prove to be a key turning point in the intensifying battle for the 2024 championship.

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 Monaco 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.

The 2024 season has finally brought the competition craved after Verstappen’s period of dominance. As the F1 tour heads to Monaco, the scene is set for an epic duel between the defending champion and the precocious British talent aiming to take his throne. Strap yourselves in and prepare for a fight on the streets that could define the season.

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