BETTING GUIDE: Who are the favourites to star on the streets of Monte Carlo?

Formula 1 makes its way to the Principality for another edition of the iconic Monaco Grand Prix, with Max Verstappen looking to extend his lead at the top of the championship. But what do the odds say about his chances this weekend?

188BET’s odds are presented in decimal form: for every $1 wagered you would win the figure represented by the odds; so, if Verstappen is favourite at 1.50, you would win $1.50 for every dollar bet.

THIS WEEK IN F1: 10 quiz questions on the latest F1 news ahead of the Monaco Grand Prix

The odds for the win

Verstappen – who won the race in Monaco back in 2021 – is the slight favourite ahead of his Red Bull team mate and championship rival Sergio Perez – who is looking to make it two wins in a row in Monte Carlo following his success last year.

Ferrari driver and home favourite Charles Leclerc is third in the odds as he looks to take his first win in the Principality and is a slight favourite ahead of two-time Monaco GP winner, Fernando Alonso.

Max Verstappen 2.20
Sergio Perez 4.00
Charles Leclerc 5.00
Fernando Alonso 6.00
Carlos Sainz, George Russell, Lewis Hamilton 34.0
Lance Stroll 67.0
Esteban Ocon, Lando Norris, Pierre Gasly 301
Alex Albon, Kevin Magnussen, Logan Sargeant, Nico Hulkenberg, Nyck de Vries, Oscar Piastri, Valtteri Bottas, Yuki Tsunoda, Zhou Guanyu 601

MONTE-CARLO, MONACO - MAY 29: Race winner Sergio Perez of Mexico and Oracle Red Bull Racing — Sergio Perez won last year's race in Monaco and is the second favourite to achieve the same result this weekend

The odds for who will be fastest in qualifying

Verstappen is the favourite to qualify on pole this weekend, slightly ahead of Leclerc in the odds – who has taken pole in Monaco over the last two seasons – with renowned street circuit specialist Perez just behind.

DESTINATION GUIDE: What fans can eat, see and do when they visit Monaco for the Grand Prix

Two-time pole-sitter in Monte Carlo, Alonso, is fourth favourite to start from the front of the grid, ahead of Carlos Sainz, with both Mercedes drivers George Russell and Lewis Hamilton considered long shots for pole this weekend.

Max Verstappen 2.30
Charles Leclerc 2.75
Sergio Perez 4.50
Fernando Alonso 8.00
Carlos Sainz 21.0
George Russell, Lewis Hamilton 67.0
Lance Stroll 151
Esteban Ocon, Lando Norris, Pierre Gasly 301
Alex Albon, Kevin Magnussen, Logan Sargeant, Nico Hulkenberg, Nyck de Vries, Oscar Piastri, Valtteri Bottas, Yuki Tsunoda, Zhou Guanyu 601

MONTE-CARLO, MONACO - MAY 28: Charles Leclerc (MCO) Team Scuderia Ferrari, F1-75, Ferrari 065 — Charles Leclerc has achieved pole position in Monaco the last two years

The odds for a podium finish

Verstappen is seen as the most likely driver to be standing on the podium come Sunday afternoon and is the slight favourite ahead of Perez, Leclerc, and Alonso.

STRATEGY UNPACKED: Bernie Collins picks out 5 key lessons from history that teams must heed to plot their Monaco strategy

Sainz – who has finished second in Monaco on the last two occasions – is seen as the fifth favourite to stand on the podium this weekend, while Lando Norris – who finished third in Monaco back in 2021 – is an outside bet to finish in the top three on Sunday.

Max Verstappen 1.30
Sergio Perez 1.50
Charles Leclerc 1.55
Fernando Alonso 2.00
Carlos Sainz 3.75
George Russell, Lewis Hamilton 4.50
Lance Stroll 9.00
Esteban Ocon, Lando Norris, Pierre Gasly 34.0
Kevin Magnussen, Nico Hulkenberg, Valtteri Bottas 101
Yuki Tsunoda 151
Oscar Piastri, Zhou Guanyu 201
Alex Albon, Logan Sargeant, Nyck de Vries 251

MONTE-CARLO, MONACO - MAY 23: Third placed Lando Norris of Great Britain and McLaren F1 celebrates — Lando Norris finished third in Monaco in 2021 but can he do the same again this weekend

The odds for the fastest lap

Verstappen has the most fastest lap awards this season, with two, and is seen as the favourite to add to his tally this weekend, once again ahead of both Leclerc and Perez – who achieved the fastest lap in Melbourne.

F1 NATION: Can Ferrari or Aston Martin break Red Bull’s streak? It’s our Monaco GP preview

Norris, who scored the fastest lap at last year’s Grand Prix, and Zhou Guanyu – who scored the fastest lap at the opening race in Bahrain – are both given long odds to set the quickest time on Sunday.

Max Verstappen 2.75
Charles Leclerc 4.00
Sergio Perez 5.00
Fernando Alonso 8.50
Carlos Sainz 10.0
George Russell, Lewis Hamilton 17.0
Lance Stroll 29.0
Alex Albon, Esteban Ocon, Kevin Magnussen, Lando Norris, Logan Sargeant, Nico Hulkenberg, Nyck de Vries, Oscar Piastri, Pierre Gasly, Valtteri Bottas, Yuki Tsunoda, Zhou Guanyu 101

MIAMI, FLORIDA - MAY 07: Max Verstappen of the Netherlands driving the (1) Oracle Red Bull Racing — Verstappen took the second of his two fastest lap this season last time out in Miami

What are the odds for which team will take the most points?

Championship leaders Red Bull are considered the favourites to score the most points this weekend after their strong start to the season, with Ferrari a close second in the odds ahead of Aston Martin.

IT'S RACE WEEK: 5 storylines we're excited about ahead of the Monaco Grand Prix

Mercedes – who are bringing their first major upgrade of the season to Monaco – are still considered the fourth favourites to score the most points this week, with both Alpine and McLaren considered to having a slim chance in the odds.

Red Bull 1.50
Ferrari 3.80
Aston Martin 5.50
Mercedes 17.0
Alpine 101
McLaren 201
Alfa Romeo, Haas 251
Alpha Tauri, Williams 301

MONTE-CARLO, MONACO - MAY 29: The F1 safety car leads the field during the F1 Grand Prix of Monaco — The odds expect this year's race to feature a Safety Car

The odds for a Safety Car appearance during the race

With the narrow nature of the Monte Carlo circuit taken into consideration, the odds see it as more likely than not that we will see the appearance of a Safety Car this weekend.