Spanish Grand Prix Odds & Picks

Max Verstappen's first-ever F1 victory came right here at the Spanish GP in 2016. Seven years later, he's the defending champ and in the best form of his career — we break down his chances in our Spanish Grand Prix odds below.

The prestigious Monaco Grand Prix weekend has come and gone, with Max Verstappen surpassing Sebastian Vettel as Red Bull's winningest driver with his victory on Sunday. 

The grid now heads to Barcelona for one of the longest-standing races in the world — the Spanish Grand Prix at Circuit de Barcelona-Catalunya — on June 4, with Red Bull's dynamic duo occupying the top spots on the Formula 1 odds board. 

We break it all down in our full Spanish Grand Prix odds below, including betting line reactions, free picks, and more. 

Spanish Grand Prix 2023 odds

Spanish Grand Prix 2023 pre-qualifying favorites

Max Verstappen (-250)

Max Verstappen is at the top of the Formula 1 world and not only does he head to Barcelona the defending champion after winning a season ago, but this is also the place of his first-ever F1 victory (2016).

With four wins and two runner-up finishes to his teammate, Max is the racer to beat and will remain as such until further notice.

Sergio Perez (+330)

As mentioned, Sergio Perez has been the one to pick up the slack when Verstappen hasn't finished a race first.

He's got two wins and two runner-ups to his name this season and despite a 16th-place finish in Monaco, sits second on the board at +330 as Red Bull's dominance continues.

Fernando Alonso (+1,100)

There's consistency... and then there's what Fernando Alonso is doing in 2023. He's logged finishes of fourth or better in all six races this season, including four third-place finishes and a runner-up at Monaco over the weekend.

He sits third in the Drivers' standings and while he may be the best of the rest, his car lacks the pace needed to truly challenge Red Bull at this juncture of the season. 

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Spanish Grand Prix 2023 opening odds reaction

Opening odds analysis coming soon!

Spanish 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.