Formula 1 Betting Specials: Lewis Hamilton now 5/1 to RETIRE at some point in 2024 despite the Mercedes driver still in contract for two more seasons!

Horse Racing stats man, Andy has contributed to OLBG for 18 years - An Ipswich fan and F1 fanatic, he also contributes EFL football and Motor Sport opinion.

Lewis Hamilton is now 5/1 to retire from Formula 1 in 2024 with bookies offering odds on different sporting outcomes
Hamilton sits at 11/1 in the betting market to win the 2024 Drivers Championship
Red Bull are the heavy favourites to win the Constructors Championship this year

Lewis Hamilton is now 5/1 to retire from Formula 1 in 2024 with bookies offering odds on different sporting outcomes

Formula 1 betting is growing in popularity year-by-year with the sport getting bigger and bigger following Netflix's Drive to Survive documentary and bigger tv deals coming into the equation.

The growth of the betting markets in F1 sees odds offered on different outcomes including potential retirement from the sport with Lewis Hamilton's odds to retire one of several given by William Hill at the start of the year.

Hamilton's odds sit at 5/1 for him to retire from Formula 1 at some point in 2024 and it may well be something on the mind of the Mercedes driver if he has another season without a competitive car.

Those latest odds give an implied probability of 16% that Hamilton decides to hang up his Racing helmet for the final time this year but his contract still has 2 more seasons left.

Mercedes gave Hamilton a two season extension during 2023 which sees him tied in until the end of the 2025 season but this may not stop Hamilton from finally calling it a day in the sport where he is known as one of the greatest.

What the expert says...

Lewis Hamilton is now 5/1 to retire from F1 in 2024 with bookmakers saying there's a 16% chance that he calls it a day at some point in the next 12 months!

Hamilton sits at 11/1 in the betting market to win the 2024 Drivers Championship

Further betting odds are offered on the 2024 World Championship and it's no surprise to see Max Verstappen sitting as the favourite to win the title once again this year.

Verstappen was crowned Formula 1 Drivers Champion last year for the third year in a row and his period of dominance may well continue into this year with the Red Bull car likely to remain the best.

The Dutch driver's odds of winning the Drivers Championship for 2024 currently sit at 2/7, which makes him the heavy favourite in the betting market ahead of McLaren driver Lando Norris.

F1 Driver's Championship 2024	Odds	Probability
Max Verstappen	2/7	77.8%
Lando Norris	13/2	13.3%
Lewis Hamilton	11/1	8.3%
Oscar Piastri	16/1	5.9%
George Russell	22/1	4.3%

Red Bull are the heavy favourites to win the Constructors Championship this year

Verstappen's dominance also means Red Bull dominance and they sit at the top of the betting market to win the 2024 Constructor's Championship with big points expected to be won once again.

Red Bull's chances of winning the Formula 1 constructor's title sit at 77.8% with McLaren and Mercedes following them in 2nd and 3rd in the betting market.

F1 Constructors Championship 2024	Odds	Probability
Red Bul	2/7	77.8%
McLaren	11/2	15.4%
Mercedes	7/1	12.5%
Ferrari	9/1	10.0%
Aston Martin	33/1	4.3%

Andy Powell

Content editor

🏎️🏁 Outside of horse racing and football, Andy also enjoys spending his weekends following Formula 1. His dedication is such that he doesn't mind setting alarms for odd hours to catch both qualifying sessions and the races.

Senior News Editor

Jake is our Senior News Editor and Formula 1 betting expert, with 20 years experience of watching F1. Jake's expertise in the sport means he can easily write about the different betting markets that are offered throughout the season in Formula 1.

- Jake Ashton, Senior news editor