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Formula 1 Market Update: Ricciardo salutes in China

Tue, Apr 17, 11:25am by Staff Writer

The 2018 Formula One season is in full swing, with three races already in the books.

Sebastian Vettel leads the Drivers Championship after back-to-back wins in Australia and Bahrain to start the season.

The German is the second favourite behind Lewis Hamilton to win the Drivers Championship this season and his two early-season wins have tightened his odds dramatically.

After beginning the season as a $4.30 shot of winning Formula One at Sportsbet, Vettel’s odds have dropped sharply to $2.10.

Hamilton is yet to manage a race win in 2018, but has finished on the podium twice. He trails Vettel by nine points already and his odds of winning Formula One have lengthened from a $1.72 to $1.83, but he is still the favoured drivers to win back-to-back championships.

Australia’s Daniel Ricciardo tasted success on the weekend with his first win at the Chinese Grand Prix.

Ricciardo put a bad race in Bahrain behind him where he was forced to retire and took out the honours in China, ahead of Valtteri Bottas and Kimi Raikkonen.

The Aussie already trails Vettel by 17 points in the drivers standings and his pre-season odds of $9 are long gone, as he is now paying $34 to win Formula One.

Bottas was a value pick in the pre-season to make in roads during this year’s Formula One and the Fin has yet to disappoint.

After a disappointing eighth placed finish in Melbourne, he has finished second in Bahrain and China to occupy third place in the drivers standings.

His pre-season price of $13 has drifted to $21 at Sportsbet, but he is now third-favourite behind Hamilton and Vettel, with a race win in 2018 not far away for this promising prospect.

Bottas’ compatriot Kimi Raikkonen continues to defy his age, with two podium finishes already in 2018.

At $34, he is unlikely to trouble Hamilton and Vettel at the pointy end of the competition, but could sneak a race win somewhere in the season if his current form continues.

Max Verstappen was highly touted by many as a contender for this season’s drivers championship but his first three races have been disappointing. A sixth placed finish in Melbourne followed by a retirement in Bahrain and a fifth placed finish in China has the Dutchman well off the pace, even this early in the season.

His generous pre-season price of $6.50 is long gone and he is now $36 to win Formula One.

Mercedes Benz has a narrow lead at the top of the Constructors Championship on 85 points after three races ahead of Ferrari on 84 points.

Mercedes are the shortest priced team in the Constructors Championship at $1.53, with Ferrari at $2.50 and Daniel Ricciardo’s Red Bull Racing at $12.

2018 Formula 1 Drivers Championship Odds – Sportsbet

Lewis Hamilton $1.83

Sebastian Vettel $2.10

Valtteri Bottas $21

Daniel Ricciardo $34

Kimi Raikkonen $34

Max Verstappen $36

Fernando Alonso $251

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