Formula 1 betting, odds: Max Verstappen and Red Bull enter 2023 as the favorites

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Formula 1 betting, odds: Max Verstappen and Red Bull enter 2023 as the favorites
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The odds favor a third consecutive Formula 1 title for Max Verstappen.

The two-time defending F1 champion is the overwhelming favorite to win the 2023 world championship at BetMGM. Verstappen is at -160 to win the title, far ahead of Lewis Hamilton and Charles Leclerc. Both drivers are at +400 ahead of Sunday's season-opening Bahrain Grand Prix .

While there are some rules changes for the 2023 season, the massive car changes implemented for 2022 are largely still in place and that’s a big reason why Verstappen and Red Bull are the clear title favorites. It also doesn't hurt that Verstappen was the fastest driver at preseason testing a week ago.

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