2023 Saudi Arabian Grand Prix Odds

After crushing the field in Bahrain, the Red Bull pair of Max Verstappen and Sergio Perez lead the Saudi Arabian Grand Prix odds board — check the full odds and favorites out below.

The new F1 season continues next weekend in Jeddah with the Saudi Arabian Grand Prix.

DefendingF1 Drivers' Champion Max Verstappen opens as the odds-on favorite, at -200, with his teammate Sergio Perez the only driver with odds shorter than 8/1 after a dominant showing from Red Bull in Bahrain.

Check out the Saudi Arabian Grand Prix odds and race favorites below, and stay tuned for a full odds reaction when the markets go live next week.

Saudi Arabian Grand Prix odds

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Saudi Arabian Grand Prix favorites

Max Verstappen (-200)

After opening as a -120 favorite in Bahrain, order has been restored as Max Verstappen opens at -200 in Jeddah. Verstappen qualified on pole on Saturday and cruised to victory on Sunday, a weekend that's highly likely to be repeated in Saudi.

Sergio Perez (+450)

Like Verstappen, Perez qualified second in Bahrain and was largely untroubled over the course of the race, coming home behind his teammate. Perez took his maiden pole last year in Jeddah and he'll need a repeat performance on Saturday to challenge Verstappen on race day. 

Fernando Alonso (+800)

Fernando Alonso and Aston Martin are the story of the season so far, and the Spaniard opens as the third favorite after a podium finish in Bahrain. It's difficult to see the team challenging Ferrari, much less Red Bull, but Alonso's ability can't be doubted.   

Saudi Arabian Grand Prix opening odds reaction

Saudi Arabian Grand Prix starting grid

Understanding F1 betting odds

The most popular way to bet on Formula 1 odds is by simply picking the winner of a particular race. Other popular F1 betting options include which car/constructor will win and whether or not a particular race car driver will end up on the podium with a Top-3 finish.

F1 race odds usually look like this:

This means that on a $100 bet, you'll stand to profit $1,400 if Perez wins that particular race. If one driver is especially dominant, you might see a minus sign (-) ahead of that driver's odds like this: 

This means that you would need to bet $120 to win $100 on Verstappen winning the race.