Monaco Grand Prix Odds & Picks

So much of Sergio Perez's success in Formula 1 has come in street races and the Red Bull driver sits behind just his teammate as he looks to defend his Monaco Grand Prix title this week. We break it all down in our full Monaco GP odds below.

After last week's Emila Romagna Grand Prix was canceled due to flooding in Northern Italy, the Formula 1 universe shifts its focus to the Monaco Grand Prix on May 28 — one of the more prestigious races on the calendar. 

The opening Formula 1 odds board for the sixth race of the season is more of the same, with Red Bull running mates Max Verstappen and Sergio Perez taking up the top spots after exchanging victories through the first five.

Find out where everyone stands in our full Monaco Grand Prix odds breakdown below.

Monaco Grand Prix 2023 odds

Monaco Grand Prix 2023 pre-qualifying favorites

Max Verstappen (+115)

Max Verstappen has been the racer to beat for quite some time and that will remain the case until further notice. 

Three wins and two runner-up finishes to his teammate means the back-to-back Drivers' Champion is getting the most out of this dominant Red Bull. And while his teammate has gotten more shine in street races, Max did win here back in 2021. 

Sergio Perez (+285)

If it's not Verstappen, it's his Red Bull teammate Sergio Perez. He's in possession of the two other race wins and has finished runner-up in two of the other three, making up for four 1-2 Red Bull finishes in five races this season. 

Five of his six career wins and both of his poles have come on street tracks. Among those wins is his victory at Monaco a year ago. 

Charles Leclerc (+330)

It's certainly not been the start to the season Charles Leclerc was hoping for, with just one podium finish through five races, but could he make some magic in Monaco?

He'd need some things to go his way (a Red Bull retirement or two), but if we know anything about street races, it's that absolutely anything can happen. 

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Monaco Grand Prix 2023 opening odds reaction

Coming soon!

Monaco Grand Prix 2023 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.