The most prestigious event of the Formula 1 calendar arrives this weekend with the Monaco Grand Prix.
The latest: Max Verstappen is favoured to win the race and his Red Bull teammate Sergio Perez is not far behind. That shouldn't be a surprise considering one of those two drivers has won each of the first five races this season.
Check out the latest F1 Monaco Grand Prix odds for the Formula One race on May 28.
F1 Monaco Grand Prix odds
Check out the latest Monaco Grand Prix odds. Click linked odds to add selection to betslip.
| Driver | Odds to win | Podium finish odds | Top six odds | Fastest lap |
| Max Verstappen | +100 | -335 | -560 | +150 |
| Sergio Perez | +350 | -225 | -455 | +375 |
| Charles Leclerc | +450 | -134 | -400 | +375 |
| Fernando Alonzo | +700 | +100 | -400 | +800 |
| Carlos Sainz Jr. | +2,500 | +300 | -250 | +800 |
| Lewis Hamilton | +2,800 | +325 | -225 | +1,600 |
| George Russell | +2,800 | +325 | -225 | +1,600 |
| Lance Stroll | +5,000 | +800 | +100 | +2,000 |
| Pierre Gasly | +30,000 | +3,300 | +350 | +6,000 |
| Estaban Ocon | +30,000 | +3,300 | +400 | +6,000 |
All odds as of 4:43 p.m. on 05/23/2023.
Best odds to win the Monaco Grand Prix
The favourite: Verstappen (+100)
Verstappen won the Miami Grand Prix to kick off the month of May and now has three wins and two runner-ups in five starts.
Last year, the Dutchman won his title by 146 points, winning 15 of 22 races. He's already built a 14-point lead on Perez with a 44-point buffer between third-place Fernando Alonso.
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At +100, this is probably among the best odds you'll find for Verstappen all season but it makes sense why this is the case. The Monaco Grand Prix is typically decided on Saturday. Whoever attains pole position from the qualifying session has a massive advantage over their competitors.
That's because it's incredibly difficult to overtake on this track and the leader can usually defend his position for the duration of the event. Verstappen won this race in 2021 and finished third last year after a fourth-place qualifying effort.
If he can take pole position this will likely be win No. 4 on the season.
Other F1 Monaco Grand Prix odds
Leclerc (+450): Forgive us for brushing over Perez but Leclerc is the far more fascinating story here. This is where he was born and where he has experienced some of the worst luck of all time.
The 25-year-old had pole position at this race last year only to fall into fourth after a pit-stop disaster. That incident came a year after he took pole position and then was forced to withdraw due to a driveshaft failure.
Yeah, it's safe to say he's snakebitten here.
Leclerc's start to the 2023 season has been just as bad. He's been forced to retire in two out of five races and has just one podium finish to show for it.
Ferrari is in disarray but Leclerc still has the third-shortest odds to win this event.
| Driver | Odds to win | Podium finish odds | Top six odds |
| Lando Norris | +40,000 | +4,000 | +600 |
| Valtteri Bottas | +150,000 | +30,000 | +1,800 |
| Niko Hulkenberg | +150,000 | +30,000 | +1,400 |
| Kevin Magnussen | +150,000 | +30,000 | +1,400 |
| Oscar Piastri | +150,000 | +30,000 | +1,800 |
| Alexander Albon | +200,000 | +40,000 | +1,400 |
| Guanyu Zhou | +200,000 | +40,000 | +2,500 |
| Yuki Tsunoda | +200,000 | +40,000 | +1,600 |
| Logan Sargent | +300,000 | +75,000 | +4,000 |
| Nyck De Vries | +300,000 | +75,000 | +4,000 |
Fernando Alonso (+700): Alonso won this race in 2006 and 2007 and is in the midst of a career renaissance. The 41-year-old has four podium finishes this year and narrowly missed out on a fifth (fourth place at the Azerbaijan Grand Prix).
This is a two-time world champion with 32 race wins to his name and he's back on a team with a competitive car. Alonso probably knows this track better than anyone here and he could take advantage of that by lighting up the qualifying session.
At 7-to-1, this is a nice value play but at the very least, a +100 podium finish is enticing.
Monaco GP team betting markets
Red Bull has already built a massive 122-point lead in the constructors' championship and that is probably only going to grow as the season progresses.
With Verstappen and Perez owning the two shortest odds to win the race, it shouldn't be a surprise Red Bull are -225 favourites to take home the trophy.
| Driver | Winning driver | Fastest pit stop | First team to retire a car |
| Red Bull | -225 | -118 | +1,200 |
| Ferrari | +400 | +125 | +1,000 |
| Aston Martin | +600 | +4,000 | +1,100 |
| Mercedes | +1,600 | +2,500 | +1,200 |
| Alpine | +20,000 | +2,500 | +900 |
| McLaren | +30,000 | +800 | +750 |
| Haas F1 | +100,000 | +15,000 | +750 |
| Alfa Romeo Racing | +125,000 | +10,000 | +800 |
| Alpha Tauri | +150,000 | +4,000 | +375 |
| Williams | +150,000 | +5,000 | +700 |
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