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The Formula 1 heads to Circuit de Monaco for the 2024 Monaco Grand Prix Sunday. The green flag is scheduled to drop shortly after 9 a.m. ET (ABC/ESPN+). Let’s analyze BetMGM Sportsbook’s lines around the 2024 Monaco Grand Prix odds, and make our expert picks and predictions.

2024 Monaco Grand Prix: What you need to know

Red Bull Racing’s Max Verstappen has won 2 of the past 3 races at Circuit de Monaco
Verstappen leads the 2024 Driver Standings with 161 points, 48 points clear of Ferrari’s Charles Leclerc
Leclerc is on the pole for Sunday’s race, snapping a record 8 consecutive pole positions for Verstappen
Verstappen clipped the wall in qualifying, and he’ll go off 6th on Sunday from the 3rd row
McLaren’s Oscar Piastri was 0.154 seconds behind Leclerc, and he’ll start 2nd
Ferrari’s Carlos Sainz was 0.248 off the pace, and he goes off 3rd from the 2nd row
Lando Norris, the winner of the Miami Grand Prix, will go off from the 4th position in Sunday’s race
Mercedes’ George Russell rounds out the top 5 as he’ll start from the 3rd row in the grid
3-time Monaco GP champ Lewis Hamilton (2008, 2016, 2019) will start from the 7th spot Sunday

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2024 Monaco Grand Prix – Expert pick

Odds provided by BetMGM Sportsbook; access USA TODAY Sports Scores and Sports Betting Odds hub for a full list. Lines last updated at 2:36 a.m. ET.

Leclerc (-225) is on the pole, leading the F1 paddock Sunday. The 26-year-old Monegasque driver looks to be the 1st winner from his country since Louis Chiron drove his Bugatti to the checkered flag back in 1931 in the 3rd-ever Monaco GP.

Leclerc appeared to be on his way to a win last season at his home track, but he was unable to secure the victory yet again.

Leclerc had his hopes crushed in 2019 by a poor team strategy when he was in the hunt for a win. In 2021, he was on the pole but had a crash in the final lap of qualifying and was unable to start. In 2022, Ferrari’s strategy error caused him to go from 1st to 4th. Last season, an impending penalty during qualifying was his demise.

Leclerc appears to have caught a break with Verstappen clapping the wall during qualifying for this year’s race, as he goes off from the front of the grid. But risking 2.25 times your potential return on Leclerc is quite risky, especially with the way things have continually fallen apart for him in the past.

Some strange things have happened to Leclerc this weekend, though, including an advertising banner hitting the front wing of his car in Q1 to slow his time.

PASS, and look to some drivers with a little longer odds instead.

2024 Monaco Grand Prix – Long shots

MAX VERSTAPPEN (+800) has won 2 of the past 3 races. It’s unbelievable that you can get this price on the F1 standings leader, but it’s because he goes off 6th in the grid after the qualifying miscue.

Still, the best value on the board is taking the current F1 leader.

If you’re not sold on Verstappen, take a look at McLaren’s OSCAR PIASTRI (+450), who was nipping at the heels of Leclerc on the pole lap. He has reportedly struggled on Turns 5 and 10, so bettors will want to watch those turns rather closely on race day.

Sunday 3-race parlay

VERSTAPPEN to win Monaco GP (+800), WILL POWER to win Indy 500 (+725), and TYLER REDDICK to win Coca-Cola 600 (+1000) pays 815.75 to 1 at BetMGM Sportsbook. It’s a long-shot, sure, but that’s what makes it fun. A simple $2 bet would profit $1,623.50. That’s worth a roll of the dice.

Check out Motorsports Wire: For the auto racing fan, USA TODAY Sports Media Group’s website covers NASCAR, F1, IndyCar and more.

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2023 Monaco Grand Prix: What you need to know

Spain’s Fernando Alonso has managed to reach the podium 4 times in 5 Formula 1 starts this season, including a 3rd-place finish at the Crypto.com Miami Grand Prix May 7

Belgium’s Max Verstappen has been tremendously consistent, taking his Red Bull Honda to Victory Lane 3 times in 5 starts, with his other 2 finishes resulting in runner-up runs. Verstappen was 3rd last season in Monaco

Mexico’s Sergio Perez, the defending winner at Monaco, has posted wins at the STC Saudi Arabian GP, as well as the Azerbaijan GP, while hitting the podium a total of 4 times in 5 starts. His worst finish was 5th place in Australia, a race he started 20th

Lewis Hamilton hasn’t dominated like past seasons, managing just a single podium in 5 starts this season, a runner-up at the Rolex Australian GP. He was 8th in Monaco last season

George Russell of Team Mercedes has had some uneven results despite favorable starting positions. He hasn’t been on the podium in 5 races. He was 5th last season at Monaco

2023 Monaco Grand Prix – Expert pick

SERGIO PEREZ (+500) picked up the victory last season at Circuit de Monaco, and he is a tremendous value for a chance to multiply your initial wager by 5 times.

Perez has been a model of consistency this season, hitting the podium in 4 of his 5 races. Max Verstappen (+100) is the chalk, but he settled for 3rd place last season after winning the 2021 installment. Perez has a legitimate chance at a Formula 1 championship this season, and a win at Monaco would be huge for the Mexican driver, Verstappen’s Red Bull teammate.

2023 Monaco Grand Prix – Long shot

While LEWIS HAMILTON (+2500) has posted some ugly numbers this season, he has topped the podium twice in the past 6 races at the Monaco Grand Prix since 2016.

Hamilton hasn’t touched the podium this season, but it’s crazy seeing the 6-time World Champion with such long odds. It’s worth a roll of the dice, hoping he can regain his composure and form.