The scoreboard doesn’t look good for Ferrari and Leclerc. The team in red are 80 points behind Red Bull and Charles Leclerc is 34 behind rival Max Verstappen after suffering an engine failure while fighting for the win in Azerbaijan.

Now, for the first Canadian Grand Prix to be held since 2019, Verstappen is the man to beat having cleaned up in Baku as neither Ferrari finished. But who’s favorite to stop the reigning champion in his tracks? 

This is the first Formula 1 event in Canada since Ontario sports betting went live in the province on April 4, giving bettors in Ontario plenty of options on where to wager on the race this weekend.

Here are the latest available odds on betting sites and betting apps for the Canadian Grand Prix. 

Formula 1 Canadian Grand Prix odds

Odds via Caesars and accurate as of publication

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Canadian Grand Prix Betting Tips

How things have changed since Canada last hosted a Grand Prix. Mercedes was the one to beat back then in 2019, Ferrari a constant threat – but in reality, it was not on the pace of the soon-to-be constructors’ champions, nor Lewis Hamilton. 

Now, Red Bull has proven it is the one to beat as we approach the 2022 Canadian GP, the drivers’ championship-winning team having taken five wins in a row, four of those belonging to Verstappen while Sergio Perez took one in Monaco. 

That’s not to say that Ferrari is uncompetitive; it’s quite the opposite. The Scuderia have taken four pole positions in a row from Miami to Azerbaijan, and Red Bull have only two qualifying wins this season – at Jeddah and Imola. While Red Bull have a huge lead in the standings, Ferrari have squandered the lead in the past four races.

At Miami, it was undone by Red Bull’s strategy; in Spain Leclerc was let down by his Ferrari engine; rain struck in Monaco to give Perez his first win of the season; and Leclerc saw another engine give up on him in Azerbaijan. 

So don’t count Ferrari out this weekend. With the weather cloudy, but not rainy, it doesn’t seem like we’re in for a shock victory – Canada hasn’t had one of those since Daniel Ricciardo won from sixth on the grid here for Red Bull in 2014. 

This is also a track that lends itself to the qualifying winner; four of the last five Grands Prix at Circuit Gilles Villeneuve have been won from pole. 

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Canadian Grand Prix Predictions

The fight for pole has been won by Ferrari on the last four consecutive Saturdays and this one shouldn’t be any different. Leclerc is -140 to take pole via Caesars Sportsbook, Verstappen fetching longer odds of +250 that reflects the fact that he hasn’t won qualifying since Imola back in April. Their team mates Perez and Carlos Sainz have odds of +350 and +1100, respectively, to take pole position for Canada. 

It might be worth backing another driver other than Leclerc because it’s rare for a driver to take five poles in a row. The last time it happened was in 2020, when Hamilton dominated between Spain and Russia.

As mentioned, pole winner is likely – but not guaranteed, of course – to win the race. BetMGM has Verstappen at favorite on Sunday at -160, while Leclerc is an enticing +500 to win in Canada, where Ferrari last won in 2018 through Sebastian Vettel.

Those aren’t the only contenders, with Perez at +350 to win and Sainz +1400 to win via BetMGM. Perez is always in contention to take victory having done so in Monaco and he out-qualified teammate Verstappen back in Azerbaijan, briefly leading the race too. Sainz, on the other hand, has struggled in recent races and even with retirement in Baku, he was far off the leading pace. 

This circuit could well suit Ferrari, with a number of medium-speed corners and a couple of slower ones, too. With just one long straight, and at the end of it the infamous Wall of Champions that could claim any car at any time, Red Bull’s straight-line speed advantage won’t be as strong on Sunday. Ferrari is +300 to have both drivers finish on the podium, via BetMGM.

George Russell made the podium in Azerbaijan after both Ferraris dropped out and for him to do so again would get you +260 via Caesars. That is unlikely in Canada, as Mercedes really isn't on the pace of either Red Bull nor Ferrari. But if you are to back someone to take a top-three finish outside of the top four drivers, it would have to be Russell.

Both cars of McLaren and Alpine finished in the points last time out, and either team is +140 to do the same in Canada via BetMGM. Consider AlphaTauri likely to do the same, given Yuki Tsunoda was unlucky not to finish behind fifth-place teammate Pierre Gasly last time out. AlphaTauri are +350 to have both cars finish in the points this weekend.

Finally, if you still think Leclerc is in with a shot of winning the drivers’ championship – he is, as 34 points is a surmountable deficit – then back him to do so with odds of +333 via BetMGM.

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