Max Verstappen Is Not BetMGM's Biggest Liability For Spanish Grand Prix 2024
Check out BetMGM's betting data on this weekend's F1 race
Matthew Horner - Jun 21, 2024, 3:16pm EDT
2024 Spanish Grand Prix
The 10th round of the 2024 Formula One World Championship will take place this weekend, the Spanish Grand Prix. It will be held on June 23 at the Circuit de Barcelona-Catalunya in Montmelo, Spain. With 66 laps and 190.908 miles of fun, the drivers are all going to be vying to cross the finish line first.
Practice began Friday, with Lando Norris of McLaren ahead of Max Verstappen of Red Bull Racing and Carlos Sainz Jr. of Ferrari. The second practice saw Lewis Hamilton of Mercedes top Sainz and Norris. Qualifying for the event will be held on Saturday, June 22, with the race on Sunday at 3:00pm local time (9:00am ET).
BetMGM F1 Data
Line movement (Open to Now)
- Max Verstappen (NED/Red Bull) -165, -225
- Lando Norris (GBR/McLaren) +500, +350
- Carlos Sainz Jr. (ESP/Ferrari) +2500, +1400
Highest Ticket%
- Max Verstappen (NED/Red Bull) 21.0%
- Lando Norris (GBR/McLaren) 13.7%
- Carlos Sainz Jr. (ESP/Ferrari) 10.5%
Highest Handle%
- Max Verstappen (NED/Red Bull) 56.0%
- Lando Norris (GBR/McLaren) 10.2%
- Carlos Sainz Jr. (ESP/Ferrari) 9.3%
Biggest Liability
- Carlos Sainz Jr. (ESP/Ferrari)
- Max Verstappen (NED/Red Bull)
- Lewis Hamilton (GBR/Mercedes)
Verstappen Still The Sharp Side, Sainz Biggest Liability
Taking a look at this data, the majority of the tickets and money are on Verstappen to win the race, with 56% of the total money on 21% of the total tickets. That means there are a lot of big-money tickets on him to get the win, making him the sharp side. It isn't often that a huge favorite is a sharp side, but it appears the case here. The line movement also displays this, as he has gone from -165 to -225.
Lando Norris is getting 10.2% of the money on 13.7% of tickets, while Sainz is getting 9.3% of the money and 10.5% of tickets. Their odds have also flown down with so many tickets and cash headed their way, mostly smaller wagers due to their longer odds.
Despite getting far less money and tickets, Sainz Jr. is BetMGM's biggest liability if he were to win. This is because of his very long odds that he opened with at 25/1, so even a smaller wager would net a huge payout. Now his odds are all the way down at 14/1 to reduce liability on him, but it would be a terrible result for the book if he were to win and cash those longshot tickets.
Lando Norris would be the most ideal outcome for the book, so keep that in mind.