The most famous F1 race is upon us — the Monaco Grand Prix. It’s a spectacle to watch and an opportunity to bank money off betting. You’re going to want to read this and get our best bets for the Monaco Grand Prix.
What: Monaco Grand Prix
When: Sunday, May 26
Where: Circuit de Monaco in Monte Carlo, Monaco
Monaco Grand Prix Preview
We must begin our preview of the Monaco Grand Prix in one place — a look at the current betting odds. Surprisingly, it isn’t dominated as much by Red Bull like previous races. Here is who the current Formula 1 odds to win the Monaco GP:
| Drivers |  |  |  |
|---|---|---|---|
| Max Verstappen | -150 | -150 | -150 |
| Lando Norris | +400 | +400 | +400 |
| Charles Leclerc | +450 | +450 | +450 |
| Oscar Pisastri | +1200 | +1200 | +1200 |
| Carlos Sainz | +1600 | +1600 | +1600 |
| Sergio Perez | +2000 | +2000 | +2000 |
Red Bull has been pushed to the limit the past two races. At the Miami Grand Prix, Norris become only the second driver not named Verstappen to win a race this season. Then last week at the Emila Romagna Grand Prix, Verstappen edged Norris by less than a second to take the win. Were both results flukes or is the gap being closed on Red Bull? Monaco will give us a good idea of what’s going on.
Adding fuel to the fire are the struggles of Perez. Last week out, he finished eighth overall. He’s “only” third in the season standings, but that’s not up to par with the Red Bull standard. There’s been heavy talk about whether Perez will return to the team next season, and that’s only heated up the past few weeks. But in Monaco, Perez is returning to an event he’s won before, back in 2022.
Red Bull has won this event three times in a row. Perez’s 2022 win was sandwiched by victories by Verstappen in 2021 and 2023. The last time a non-Red Bull driver won at Monaco was in 2019 when Lewis Hamilton pulled off first (the 2020 event was cancelled due to the pandemic).
Outside of Verstappen and Norris, eyes are on Leclerc this weekend. He’s born in Monaco, but he’s not fared well in his home race. The Ferrari driver owns zero wins and zero podium finishes. He’s won the pole on two occasions (2021 and 2022) but failed to capitalize both times out. His best finish is fourth overall.
Best Bets For 2024 Monaco Grand Prix
We’ll be spreading our money out when it comes to Monaco Grand Prix betting. That means taking shots on multiple bets and multiple drivers. Here’s what’s falling out attention the most out of all the F1 bets available over the weekend:
Podium Finish Prop
| Drivers | | | |
|---|---|---|---|
| Max Verstappen | -500 | -500 | -500 |
| Lando Norris | -170 | -170 | -170 |
| Charles Leclerc | -170 | -170 | -170 |
| Oscar Pisastri | +130 | +130 | +130 |
| Carlos Sainz | +140 | +140 | +140 |
| Sergio Perez | +200 | +200 | +200 |
| Fernando Alonso | +900 | +900 | +900 |
| George Russell | +1800 | +1800 | +1800 |
| Lewis Hamilton | +1800 | +1800 | +1800 |
You’d be crazy not to throw some money on Norris here. Him and Verstappen have finished in the top-two the past three races — just in a different order. The McClaren driver has caught fire after a slow start to the season. If you believe in “riding the hot hand”, then Norris is the must-make bet in this prop.
The good thing about this prop is there’s more ways to win than one since three drivers get podium spots. So we’ll be making a second wager on Perez. We’ve talked about his struggles already, but historically, street races bring out the best in Perez. If there’s ever a race for the Mexican driver to bounce back, it’s this one.
Race Winner
You won’t be surprised to see we’re advocating a bet on Verstappen here for reasons you already know — he’s still the best driver on the planet despite being pushed to the limits as of late. Throw in his checkered past in Monaco, and it’s an obvious play.
The fact that he’s only -150 to win is extra incentive to bet on the three-time-reigning world champion. That’s a far cry from the -500 and up betting lines he’s received at other events. Don’t overthink this wager and take Verstappen to win Monaco a third time in his illustrious career.
How To Watch Monaco Grand Prix?
ABC and ESPN are your go-tos for watching the Monaco Grand Prix this weekend if inside the United States. They will have broadcasts going from Friday to Sunday on television, with ESPN+ also supporting on streaming. ABC will air the actual race, but ESPN has the lead-up events too. Here’s what days and times to plan around for:
Friday, May 25
- Practice 1 — 7:30 am EST
- Practice 2 — 11 am EST
Saturday, May 26
- Practice 3 — 6:30 am EST
- Qualifying — 10 am EST
Sunday, May 27
- Race — 9 am EST
How To Bet On Monaco Grand Prix?
We strongly recommend one of the five sportsbooks below for betting on the Monaco Grand Prix. They are top-rated in our latest sportsbook reviews and one reason for that is that they offer a full gamut of betting odds, including this race. There are dozens upon dozens of betting options besides the two wagers we covered, believe us.
Even more, these same sites offer lucrative sign-up bonuses for new players. With these bonuses — that are worth thousands of dollars in free play — your F1 betting this weekend could be “on the house.” If you like how that sounds, hit one of the bookies below.
