When looking for the odds on a particular driver to win the Formula 1 Drivers Championship, one is actually looking for that driver ‘to win outright’, as opposed to winning a single Grand Prix race.  OddsJet provides an F1 Drivers Championship odds comparison from several legal Australian betting sites.  This allows OddsJet to display the best odds on every driver to win the F1 title outright, so Australian bettors may maximize their potential returns.  If you are interested in the Formula 1 Drivers Championship odds, you might also be interested in a comparison of F1 Constructors Championship odds. If you are just looking to bet on the winner of a single F1 Grand Prix, OddsJet also provides an F1 race odds comparison.  

Formula 1 Drivers Championship outright winner odds explained  

F1 Drivers outright winner betting is by far the most popular Formula 1 futures betting market.  Future betting markets, also called Ante Post markets, are those that involve a wager that is contingent on a longer term result over the course of an entire season, rather than a single race.  In general, the highest paying odds for Ante Post and futures betting markets will come before the race season begins.  As the F1 season progresses and certain drivers rise in the standings, the odds will be reduced and thus will pay less for those drivers in position to win the title.

Examples of Formula 1 outright winner odds expressed in American, Decimal and Fractional formats

For American odds format, there are two sets of expressions to remember, but both involve the figure of $100. First, negative numbers express how much one needs to wager in order to win a profit of $100.  So for example, near the end of the F1 season, if a driver has all but clinched the title, you might see odds of -4,000.  This means you would have to stake $4,000 in order to win $100.  However, when the outcome is still relatively uncertain, the American odds will display a positive figure because the odds are above even-money.  When this is the case, the odds express how much potential profit would be returned on a $100 wager.  For example, when you see odds of +325 on a driver like Niko Rosberg to win outright, you would need to stake $100 in order to potentially receive a profit of $325, yielding a total possible return of $425.

With Decimal odds format, know that the odds express the full amount that would be returned on your successful wager including the stake amount.  For this, simply multiply the Decimal odds by the stake. For example, if Sebastian Vettel is listed at 7.20 to win outright, a $100 bet would return a total of $720 including your stake, so the profit would be $620. 

For Fractional format, the odds express the amount of potential profit that will be returned on a wager.  For example, with a wager of $100 and odds of 3/2 on Lewis Hamilton (said three-to-two), one could see a profit of $150 (3 divided by 2, multiplied by $100) plus the stake amount for a total return of $250.