Formula 1 odds, picks, race time: Surprising 2023 Monaco Grand Prix predictions, F1 bets from proven model

The 2023 Formula 1 season will continue on Sunday with the 2023 Monaco Grand Prix on the Circuit de Monaco, a street circuit almost entirely contained within the Monte Carlo neighborhood. The race will begin at 9 a.m. ET and Red Bull Racing enters having won the first five races of the season. Max Verstappen has won three times and sits atop the 2023 F1 standings while Carlos Perez has two wins and is only 14 points off of Verstappen's pace with Aston Martin's Fernando Alonso a whopping 30 points behind Perez. 

Verstappen is the +125 favorite (risk $100 to win $125) in the 2023 Monaco Grand Prix odds from Caesars Sportsbook while Perez is priced at +350. Ferrari's Charles Leclerc, who was born in Monte Carlo, is at +400 while Alonso is at +600 in the latest Monaco GP odds. Before analyzing the 2023 Monaco Grand Prix starting grid and making any Formula 1 picks, be sure to check out the latest 2023 Monaco GP predictions and betting advice from SportsLine's proven projection model.

Developed by daily Fantasy pro and SportsLine predictive data engineer Mike McClure, this proprietary Formula 1 prediction model simulates every race 10,000 times, taking into account factors such as track history and recent results. It's had a strong history of success in motorsports, correctly predicting nine NASCAR winners since the 2021 season and its projected leaderboards have forecasted winners across multiple racing formats.

The model has been scorching hot when it comes to picking Formula 1 race events dating back to 2021. It nailed both of Leclerc's wins in 2022, and at the 2021 Mexican Grand Prix, the model was strongly backing Verstappen as its top pick. The result: Verstappen dominated the field and ran away with a surprise victory. 

The model followed that up by calling Verstappen's win at the Rolex Emilia Romagna GP in April and then nailed his wins again in Belgium, the Netherlands, Japan, the United States, Mexico and Abu Dhabi. It's also nailed Verstappen's wins in Bahrain, Australia and Miami this season. Anyone who followed the model's lead on those plays has seen huge returns

Now, the model has dialed in on the 2023 Formula 1 Monaco Grand Prix and just released its coveted picks and leaderboard projections. You can head to SportsLine now to see the complete 2023 Monaco Grand Prix leaderboard projection.

Top 2023 Formula 1 Monaco GP predictions

One massive shocker: The model is high on Mercedes driver Lewis Hamilton, even though he's a 25-1 longshot. Hamilton is currently fourth in the F1 standings with 56 points and has been arguably the biggest surprise of the F1 season outside of Alonso after a disappointing sixth-place finish in the 2022 Formula One standings. 

Hamilton has been top six in all five races this year, collecting a podium with a second-place finish in Australia. He's also a three-time winner of the Monaco Grand Prix with 15 races under his belt on the Circuit de Monaco and that experience should be valuable. See who else the model is backing and who it is fading right here.

How to make 2023 Monaco Grand Prix picks

The model is also targeting one longshot getting triple-digit Monaco GP odds to make a surprising surge up the leaderboard. Anyone who backs him could hit it big. You can find out who he is, and see all of the model's F1 picks and predictions at SportsLine.

So who wins the Monaco Grand Prix 2023? And which under-the-radar drivers makes a stunning charge towards the front? Check out the latest 2023 F1 odds below, then visit SportsLine now to see the full projected 2023 Monaco Grand Prix leaderboard, all from the model with a proven history of auto racing success, and find out.

2023 Formula 1 Monaco Grand Prix odds, field, top contenders

See Monaco Grand Prix picks at SportsLineMax Verstappen +120Sergio Perez +350Charles Leclerc +400Fernando Alonso +600Carlos Sainz +1800Lewis Hamilton +2500George Russell +4000Lance Stroll +6600Esteban Ocon +30000Pierre Gasly +30000Lando Norris +40000Kevin Magnussen +50000Alexander Albon +50000Nico Hulkenberg +50000Oscar Piastri +75000Yuki Tsunoda +75000Guanyu Zhou +75000Valtteri Bottas +75000Logan Sargeant +100000