Formula 1 2023 Monaco Grand Prix Odds & Picks

• Charles Leclerc joins the betting favorites as he makes his homecoming at the 2023 Monaco Grand Prix
• Red Bull Racing teammates Sergio Perez and Max Verstappen have won the past two editions of this race
• Read on for all the Monaco Grand Prix predictions, picks, odds and betting trends ahead of Sunday morning’s race

Charles Leclerc will aim to overcome a disappointing start to the 2023 Formula 1 season when he returns to his hometown of Monte Carlo for this weekend’s Monaco Grand Prix. The Ferrari star is coming off a seventh-place performance three weeks ago in Miami, and has reached the podium just once over the first five races of the campaign. Leclerc has also endured bitter disappointment in Monaco, where he has managed to finish among the top ten just once in five career appearances.

Here’s a look at all the odds and trends ahead of the running of the 2023 Monaco Grand Prix on Sunday morning, with race time set for 9:00am ET at Circuit de Monaco.

Odds to Win 2023 Monaco Grand Prix

Red Bull Racing has dominated at this event in recent years, and that is reflected in the Monaco Grand Prix odds, with 2021 race winner Max Verstappen leading the way as a +115 favorite. Last year’s winner and Verstappen’s Red Bull teammate Sergio Perez is pegged as a strong +285 bet to claim his third victory of the season. Leclerc rounds out the front of the pack at +330, well ahead of Fernando Alonso, who sports +650 odds of claiming a third career victory in Monaco.

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Odds at DraftKings as of May 24, 2023. Claim a DraftKings promo code to bet on the Monaco Grand Prix.

Leclerc Aiming to Avoid Another Homecoming Disappointment

Bad lucks, bad driving, and bad team decision making have plagued Charles Leclerc in his annual homecoming at the Monaco Grand Prix. The pole sitter in Monaco a year ago, Leclerc declared last year’s race “a freaking disaster” after seeing his chances to win dashed by Ferrari’s questionable pit stop strategy that ultimately relegated him to fourth place.

Charles Leclerc's Monaco curse:

• 2017 F2 — DNF, Suspension
• 2017 F2 — DNF, Electrical
• 2018 F1 — DNF, Brakes
• 2019 F1 — DNF, Puncture/Damage
• 2021 F1 — DNS, Left Driveshaft
• 2022 F1 — P4, botched strategy from pole

Let's hope for a clean race this year 🙏 pic.twitter.com/fMPfcnnu7j

— Ferrari News 🐎 (@FanaticsFerrari) May 22, 2023

Also destined to start on the pole in 2021, Leclerc never made it as far as the starting grid after suffering a driveshaft failure during his reconnaissance lap, while his 2019 race ended prematurely due to a blown tire. That track record, along with his two DNFs this season and his crash in qualifying three weeks ago in Miami, add value to the +600 odds of Leclerc being the first driver to retire from Sunday’s race.

But even if Leclerc manages to avoid another debacle, it is still far from clear he can keep pace with his Red Bull rivals, who have dominated both at this race and the top of the podium overall this season. Given his recent success in tearing up tracks when facing no competition in qualifying, Leclerc is worthy of a value wager to pay out as a +150 bet to once again seize the pole, you negative odds attached to him reaching the podium or even finishing top six are simply too rich.

Monaco Grand Prix Recent Winners

Mercedes Bringing Major Upgrades to Monaco

Last week’s Emilia Romagna Grand Prix was washed out due to heavy flooding, delaying the start of the European leg of the F1 season, as well as Mercedes’ plans to make upgrades. The Silver Arrows are reportedly planning to move forward with several major upgrades ahead of this weekend’s race. However, the full details of their plans, and how it will impact them in terms of grid penalties remains to be seen.

It's a race weekend at Montecalo Monaco..Mercedes have decided to bring their long-awaited W14 upgrades to this tricky circuit!The upgrade initially planned for Imola…. It's now more of a gamble for Mercedes since Monaco is a narrow track and chances of crashing are always high pic.twitter.com/fESpmSamCE

— KOT OCS👮👮 (@WaruiJohn2) May 22, 2023

With Lewis Hamilton’s second-place performance in Australian marking the lone podium finish from Mercedes this season, a sense of urgency has developed to implement upgrades that will help the team keep pace with Red Bull. Reports have also suggested that Hamilton is increasingly unhappy with the team’s poor performance and his inability to challenge Verstappen for the F1 crown he previously held for seven years.

While these moves could bare fruit over the long term, any penalties incurred due to the upgrades will impact Hamilton and his Mercedes teammate George Russell’s bids for grid positioning on a street track notorious for providing limited passing opportunities. Accordingly, F1 sports betting fans may want to resist to dive in on their currently lucrative odds that Hamilton and Russell sport, at least until there is greater clarity on the consequence of their upgrades.

The Picks:

• Red Bull double podium finish (-120)
• Charles Leclerc first to retire (+1600)