Lewis Hamilton enters the Monaco Grand Prix as one of the early favorites to finally break his victory drought that has stretched nearly two years, according to the latest betting odds. The seven-time world champion, who endured a difficult debut season with Ferrari in 2025, has shown significant improvement in 2026 and sits at 4/1 odds to triumph on the streets of Monte Carlo.
Hamilton’s resurgence became evident at the Canadian Grand Prix, where he secured his best Ferrari result with a second-place finish after an intense battle with Max Verstappen. The 41-year-old Briton has attributed his improved form to abandoning Ferrari’s simulator preparation sessions and developing a strong working relationship with new race engineer Carlo Santi, a marked contrast to his struggles with previous engineer Riccardo Adami in 2025.
Charles Leclerc leads the Monaco betting odds at 21/10, with the Monegasque driver looking to repeat his home victory from 2024. The bookmakers believe the tight street circuit characteristics will particularly suit Ferrari’s 2026 package, giving both Leclerc and Hamilton strong chances to compete for victory in the principality where Hamilton resides.
Surprisingly, the dominant Mercedes pairing finds themselves lower in the betting hierarchy despite their early season success. Championship leader Kimi Antonelli, who has won the last four races, is priced at 5/1, while teammate George Russell sits at 6/1 following his disappointing retirement in Canada.
Defending world champion Lando Norris rounds out the top contenders at 7/1 odds, with McLaren hoping to recover from their strategic errors in Montreal that cost both him and teammate Oscar Piastri valuable points. Piastri is listed at 12/1, sharing those odds with four-time champion Max Verstappen, who claimed his first podium of 2026 in Canada despite ongoing struggles with the sport’s new technical regulations.