The three-month F1 offseason will come to a close when the 2024 Formula 1 season begins with the Bahrain Grand Prix on Saturday at 9 a.m, ET. There will be a record-high 24 races this season and three-time defending champion Max Verstappen is the favorite to win another title. He set multiple F1 records last year during one of the most dominant seasons in the history of the sport. The other nine teams will be trying to close the gap between themselves and Red Bull Racing this year.

Verstappen is a -650 favorite (risk $650 to win $100) in the 2024 Formula 1 odds, sitting ahead of Charles Leclerc (+1400) and Lando Norris (+1800). Which drivers and F1 props should you target in the 2024 Formula 1 futures? Before scouring the 2024 Formula 1 futures odds and making any F1 bets, be sure to see the latest 2024 Formula 1 futures picks from SportsLine auto racing expert Mike McClure.

McClure's model has been scorching hot when it comes to picking Formula 1 race events dating back to 2021. It nailed both of Charles Leclerc's wins in 2022, and at the 2021 Mexican Grand Prix, the model was strongly backing Verstappen as its top pick. The result: Verstappen dominated the field and ran away with a surprising victory.

It followed that up by calling Verstappen's win at the Rolex Emilia Romagna GP in 2022 and nailed Verstappen to win in Belgium, the Netherlands, Japan, the United States, Mexico and Abu Dhabi that season. It went on to nail all 19 of Verstappen's wins during the 2023 season. Anybody following those picks over the last three seasons has seen huge returns.

Now, McClure has analyzed the upcoming 2024 Formula 1 season and revealed his favorite F1 futures bets. Check out his Formula 1 best bets at SportsLine.

2024 Formula 1 futures best bets

For 2024 Formula 1 futures, McClure is backing Kevin Magnussen to best Haas F1 teammate Nico Hulkenberg head-to-head in the standings for a +182 payout. American team owner Gene Haas made a change at the top following the 2023 season, firing team boss Gunther Steiner. Magnussen told reporters that he thinks the "new development will be beneficial," while Hulkenburg sounded more disappointed about the change.

Magnussen finished 13th in the standings with 25 points in 2022, doubling up then-teammate Michael Schumacher. Hulkenberg had nine points compared to Magnussen's three points last year, but all nine of those points came during one weekend in Austria. McClure expects Magnussen to bounce back this season, especially with a new boss in charge. See what other Formula 1 futures bets to make at SportsLine.

How to make 2024 F1 futures bets

In addition to playing Magnussen over Hulkenberg in his 2024 Formula 1 futures bets, McClure also has another head-to-head play that pays out at better than 4-1 and has made his drivers' and constructors' championship picks. Anyone who backs these drivers could hit it big. You can only see who they are here.

So what are the best futures bets for the 2024 F1 season? Visit SportsLine now to see the 2024 Formula 1 futures picks and best bets all from a racing expert whose model nailed all 19 of Verstappen's wins in 2023, and find out.

2024 Formula 1 championship odds

See full F1 picks at SportsLine

Max Verstappen -550
Lando Norris +1300
Lewis Hamilton +1800
Charles Leclerc +1800
George Russell +3000
Sergio Perez +3000
Fernando Alonso +4200
Oscar Piastri +4200
Carlos Sainz +7000
Daniel Ricciardo +24000
Lance Stroll +50000
Valtteri Bottas +50000
Guanyu Zhou +50000
Kevin Magnussen +50000
Nico Hulkenberg +50000
Esteban Ocon +50000
Alex Albon +50000
Pierre Gasly +50000
Yuki Tsunoda +50000
Logan Sargeant +50000