The Formula One season is now underway, and that means fans can look ahead to a year filled with thrilling races and exciting outcomes. Formula One has become one of the world’s most popular sports, with fans tuning in to watch their favourite drivers take to circuits around the globe. Many also enjoy wagering on this thrilling sport.

If you are interested in wagering on Formula One, there are odds on most sportsbooks for every race. The ultimate prize, the Constructors’ Championship, also has odds and favourites. Through one race, not much has been established, but sportsbooks still have clear favourites for the season. Let’s look at the teams with the top odds of ending the year with the Constructors’ Championship, according to most online betting sites.

Red Bull, -700

Bettors in Canada have turned their attention to this sport, in part thanks to the Netflix show that has helped spur its popularity. As many are new fans in Canada, they are wondering how to bet. On all F1 betting sites the team with the top odds of winning is Red Bull. Red Bull is the clear favourite this year, and it is easy to see why. Everything has come up Red Bull in the past few years. They have the world’s best driver, Max Verstappen, and the world’s best car. There is nothing that seems likely to stop this group from earning their third-straight Constructors’ Championship. Last year, Red Bull won 21 of 22 races in arguably the most dominant season in F1 history.

Ferrari, +700

Ferrari finds themselves with high expectations to finish as the second-place team this year. While there aren’t many experts who believe they can give Red Bull a true challenge, crazier things have happened. This year, their car has looked fast, and drivers Carlos Sainz and Charles Leclerc appear sharp. This will be Sainz’s final season driving for Ferrari, as Lewis Hamilton is poised to make the move next year. If Ferrari can keep up the momentum that they have earned from a great showing at the Bahrain Grand Prix, they will be a force to be reckoned with.

McLaren, +900

McLaren is a group with a proud history that is seeking a return to form after a difficult year last season. They have exciting young drivers, with Lando Norris seeking his first victory and Oscar Piastri trying to show he can live up to the hype. The odds from bookmakers don’t have them poised to be the top team in F1 this year, but they are hoping to fight their way to a top-three finish. McLaren has the talent and the engineering to do it; their season will just come down to execution. Still, fans should be excited by the talent of their drivers.

Mercedes, +900

From 2014 to 21, no one could touch Mercedes. Lewis Hamilton went on an unprecedented run in the sport, and Mercedes had easily the best car on the circuit. Toto Wolff became a legend, and Mercedes was unstoppable. However, those days are gone. Lewis Hamilton remains an exceptional driver. But he is leaving the team he has spent the bulk of his career with and heading to Ferrari. George Russell is a talented young driver with whom Mercedes can look to the future. But this year might be a season of transition for Mercedes. Their odds being beneath Ferrari reflects this opinion by bookmakers. It doesn’t look like Mercedes can compete with Red Bull this year.

Aston Martin, +5,000

Aston Martin has been revitalized in recent years, but they remain apart from the top constructors. Their odds are far below the other four teams, and they occupy something of a middle tier. They have one of the most accomplished and talented drivers in the world, Fernando Alonso, and Lance Stroll has been capable of getting points. Their car is excellent, but it does not rival the top contenders. Perhaps Alonso has another year of making drivers sweat in him, and he could maybe pull off a win for Aston Martin. But catching Red Bull or Ferrari will be a mighty challenge for this squad.

Alpine, +30,000

The oddsmakers do not give Alpine a great chance of winning the Constructors’ Championship. This is a huge longshot, and admittedly, quite unrealistic. Alpine is very much a middle-of-the-pack team, but they are exciting. Esteban Ocon and Pierre Gasly are two of the most compelling drivers around, and they have both shown the ability to get it done in the past. Their car can’t stack up to the best cars in F1, but both Gasly and Ocon are drivers with wins on their resumes. The odds of this team pulling it off are very low for a reason, but they are fun to watch and could eke out a surprise victory at some point this year.