When looking for the odds on a particular team to win the Formula 1 Constructors Championship, one is actually looking for that team ‘to win outright’, as opposed to winning a single race or the Drivers’ Championship.  OddsJet compares F1 Constructors Championship odds from several reputable Canadian betting sites that all that offer CAD accounts.  This allows OddsJet to display the best odds on every team to win the F1 Constructors title outright, so Canadian bettors may maximize their potential returns.  OddsJet also provides a comparison of F1 Grand Prix odds and F1 Drivers Championship odds.

Formula 1 Constructors Championship outright odds explained  

F1 Constructors outright betting is likely the second-most popular Formula 1 futures betting market.  Future markets are those that involve a wager that is contingent on a longer term result over the course of an entire season, rather than a single race.  In general, the highest paying odds for outright and futures betting markets will come before the race season begins.  As the F1 season progresses and certain teams rise in the standings, the odds will go down and will thus pay less for those manufacturers in position to win the title.

Examples of Formula 1 Constructors Championship outright odds expressed in American, Decimal and Fractional formats

For American odds format, there are two sets of expressions to remember, but both involve the figure of $100. First, negative numbers express how much one needs to wager in order to win a profit of $100.  So for example, near the end of the F1 season, if a team has all but clinched the title, you might see odds of -5,000.  This means you would have to stake $5,000 in order to win $100.  However, when the outcome is still relatively uncertain, the American odds will display a positive figure because the odds are above even-money.  When this is the case, the odds express how much potential profit would be returned on a $100 wager.  For example, when you see odds of +250 on a team like Mercedes to win outright, you would need to stake $100 in order to potentially receive a profit of $250, yielding a total possible return of $350.

With Decimal odds format, know that the odds express the full amount that would be returned on your successful wager including the stake amount.  For this, simply multiply the Decimal odds by the stake. For example, if Ferrari is listed at 6.95 to win outright, a $100 bet would return a total of $695 including your stake, so the profit would be $595. 

For Fractional format, the odds express the amount of potential profit that will be returned on a wager.  For example, with a wager of $100 and odds of 2/1 on Team Red Bull (said two-to-one), one could see a profit of $200 (2 divided by 1, multiplied by $100) plus the stake amount for a total return of $300.