Formula One (F1) returns to Las Vegas this week for the first time in more than 40 years. The buildup to the inaugural Las Vegas Grand Prix has been immense, and the 3.8-mile circuit is ready for 20 of the world’s best drivers to speed down the Las Vegas Strip. Betting odds on the Las Vegas Grand Prix includes outright win bets, which heavily favor Max Verstappen (-290). But F1 prop bets are gaining traction like the speed of the race cars that will exceed 200 mph down Las Vegas Boulevard in front of F1 fans and the grandstands lining the Strip.
“We are forecasting that this race weekend in Las Vegas is easily going to shatter every company record for the sport,” BetMGM’s chief revenue officer Matt Prevost said. “While popularity for automotive sports in the U.S. continues to grow, we believe the activity we are seeing so far around this Las Vegas race is going to take it to a whole new level.”
Additionally, from Monday to Tuesday, BetMGM reports that it has seen seen a 32% increase in number of bets placed on the F1 Las Vegas Grand Prix.
Las Vegas Grand Prix: Take a lap around the 3.8-mile circuit
F1 officials expect about 100,000 fans to fill the grandstands and suite areas stationed around the course each night. You can bet they’ll be watching and wagering more as the opening event nears Friday night under the Las Vegas lights and famed Las Vegas Strip.
F1 Las Vegas Grand Prix Odds
Motorsport F1 betting odds from FanDuel Sportsbook refresh periodically and are subject to change, including on race props.
- -290: Max Verstappen (down from -350 earlier Tuesday)
- +1000: Lando Norris
- +1400: Charles Leclerc, Carlos Sainz
- +1900: Lewis Hamilton
- +2200: Sergio Perez
- +3100: Oscar Piastri
- +3700: George Russell
- +4400: Fernando Alonso
- +16000: Daniel Ricciardo
- +19000: Alex Albon
- +20000: Esteban Ocon, Pierre Gasly
- +42000: Guanyu Zhou, Nico Hulkenberg, Kevin Magnussen
- +4200: Lance Stroll, Logan Sargeant, Valtteri Bottas, Yuki Tsunoda
Why The Las Vegas Grand Prix Is Formula 1’s Biggest Bet Ever
Max Verstappen has already clinched the 2023 F1 Drivers Championship. To encourge more betting on the Las Vegas Grand Prix winner other than Verstappen, leading online sportsbooks are offering additional ways to win that include betting without Max Verstappen. Here are FanDuel Sportsbook’s odds to win for the leading contenders not including Verstappen.
- Lando Norris (+200) – Mercedes #4
- Lewis Hamilton (+240) – Mercedes #44
- Charles Leclerc (+430) – Ferrari #16
- Sergio Perez (+750) – Red Bull #11
- Carlos Sainz (+750) – Farrari #55
Winning margin: < 5 seconds (+340), 5-10 seconds (+270), over 10 seconds (-170)
Max Vertappen, 26, recently won the Rolex São Paulo Grand Prix. The baby-faced Dutchman won three other races in October – the Mexico City GP, Lenovo United States GP and Qatar Airways Qatar Grand Prix. FanDuel reports additional betting data on the F1 Las Vegas Grand Prix.
- Fans think Max Verstappen will continue his historic season. The Red Bull driver represents the greatest share of handle (40%) to win the Las Vegas Grand Prix.
- Lewis Hamilton (21%), Lando Norris (18%) and Charles Leclerc (14%) lead the way in share of bets to win the race, followed by Verstappen.
- Ferrari leads the way for the team fans are betting on to secure pole for the race, with Charles Leclerc and Carlos Sainz representing the top two shares of bets and handle for qualification winner. Ferrari also has the greatest share of bets and handle for the Team of Winning Driver market.
Las Vegas Grand Prix Win Simulations: Banking on Recent Speed
The unfamiliar street circuit may level the playing field for other racers, and Lando Norris won his fifth podium in six races with a second-place finish at the Sao Paulo Grand Prix last weekend. He’s finished second in four of his last six races.
Lewis Hamilton was near the top of the racing world until Verstappen started setting records last year. Hamilton hasn’t won a race since 2021, but finished 2nd in the Mexico City Grand Prix late last month.
Sergio Perez has a best finish of 5th (3x) in his last eight starts, while Carlos Sainz won the Singapore Airlines Singapore Grand Prix in September and finished 3rd in the Lenovo United States Grand Prix last month.
Charles Leclerc has six top-5 finishes since September, including third place in the Mexico City Grand Prix to close October. Take a Tour of the Las Vegas Strip Circuit with Charles Leclerc.
The creation of the Las Vegas Grand Prix F1 event has been the culmination of five years of detailed planning. It has not all gone smoothly, especially as the event nears with hundreds of cancellations and F1 congestion throttling the Las Vegas Strip, restaurants, and hotel/casino workers.
But the show goes on in the Entertainment Capital of the World.
“The Strip was the selling point. A Las Vegas Grand Prix without that iconic backdrop wouldn’t have made sense and every major casino and hotel owner could see that,” says Craig Wilson, Head of Vehicle Performance at Formula 1, who worked closely with track designers Tilke to create the route.
F1 Las Vegas Grand Prix schedule
The opening ceremonies begin Wednesday, Nov. 16 at 7:30 p.m. local Pacific time. Temperatures are projected to be near 70 degrees and dipping to the low 50’s in the evenings Wednesday-Saturday. The chance or rain and precipitation has dipped to below 20% during the racing event.
- Thursday: Practice 1 – 8:30-9:30 p.m. PT (ESPN2)
- Friday: Practice 2: 12-1 a.m. PT (ESPN, F1)
- Friday: Practice 3: 8:30-9:30 p.m. PT (ESPN, F1)
- Saturday: Qualifying: 12-1 a.m. PT (ESPN, F1)
- Saturday: Pre-race show 8:30 p.m.-10 p.m. (ESPN, ESPN+)
ESPN, ABC and ESPN+ will be airing every moment from the F1 Las Vegas Grand Prix. As you tune-in to watch and wager on the F1 Las Vegas Grand Prix, know that an F1 executive apologized to Las Vegas for the difficulties in brining ‘long-term investment’ to the city. So many fans have voiced their opinions that you’re better off on your couch, at a sportsbook bar or out with friends over dinner and a drink watching the F1 racing event than paying the exorbitant prices to watch the race live or fighting the congestion along the Las Vegas Strip.
You can bet on it.
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