The 2023 Formula One season is shaping up to be one of the most exciting yet, with the bookmakers placing Red Bull as the hot favourites to claim a second successive Constructors’ Championship title. The Austrian energy drink branded team dominated last season, with Max Verstappen winning his second Drivers’ Championship title by a staggering 146 points.

Despite their dominance, Red Bull will face tough opposition from Mercedes, who are considered second favourites to win the team trophy. The German team struggled throughout large periods of last season but finished the year stronger. Meanwhile, Ferrari remains off the pace in terms of odds to take their first Constructors’ Championship since 2008 due to severe reliability problems throughout 2022.

In terms of the Drivers’ Championship, Max Verstappen is the favourite to win his third title in a row. Lewis Hamilton is second favourite despite struggling through large parts of last season. Ferrari’s Charles Leclerc is also expected to push the top pair all the way this season, priced at 5/1 with SkyBet.

Sure, here’s a table with the current odds for the 2023 Formula One Drivers’ Championship:

DriverBetMGMSports InteractionSkyBetNeds
Max Verstappen13/201.658/111.67
Lewis Hamilton4/15.553/15.00
Charles Leclerc4/15.655/15.00
George Russell12/111.007/113.00
Carlos Sainz22/126.0025/123.00
Sergio Perez25/130.0040/126.00
Lando Norris250/1167.00100/1251
Fernando Alonso33/139.0033/134.00
Esteban Ocon300/1367.00200/1301
Pierre Gasly500/1527.00250/1501
Oscar Piastri1000/1667.00300/11001
Valtteri Bottas500/1590.00500/1501
Lance Stroll250/1279.00500/1251
Kevin Magnussen1000/1653.001000/11001
Nico Hulkenburg1000/11000/1
Nyck De Vries2000/11252.00750/12001
Alex Albon2000/11112.002000/12001
Zhou Guanyu1000/1590.002000/11001
Logan Sargeant2000/11112.002000/12001

While Red Bull could dominate again this season, Aston Martin’s Fernando Alonso could be a driver to watch out for. The veteran Spaniard looked confident in his new car throughout 2023 preseason testing, dropping all the way down to 33/1 to win the title with SkyBet – from a high of 150/1 before testing.

As the action gets underway, it’s worth keeping an eye on the odds and the latest tips from experts. BetMGM currently prices Carlos Sainz and Sergio Perez as long shots at +2200 and +2500, respectively. This could represent great value, especially in the case of Perez, as Red Bull could dominate again despite having less wind tunnel time during pre-season.

In conclusion, the 2023 Formula One season is shaping up to be another exciting year, with Red Bull hot favourites to claim the Constructors’ Championship title again. However, Mercedes and Ferrari will be hoping to eclipse their achievements this time around and fight back from their poor overall form last season. As for the Drivers’ Championship, Max Verstappen is the man to beat, but keep an eye on the likes of Lewis Hamilton, Charles Leclerc, and Fernando Alonso, who could all pose a challenge to the Dutchman’s title defense.

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