Jake is a Football and Entertainment betting expert, with a Man City season ticket and a deep knowledge of reality TV betting angles
Apple now 1/3 to gain worldwide rights for F1 following reports of bid
Bookies are now offering odds on Apple to gain the worldwide rights to Formula 1 following reports linking the company with purchasing the rights for $2 billion.
BusinessF1 magazine reported that Apple will bid for the rights to F1 in a deal that could cost $2b a year which is more than double of what it's currently worth now.
The deal on offer would see Apple have a “sliding scale of exclusivity” starting at 25% and going up to 100% after the current broadcast contracts expire.
The current process for F1 rights sees a country-by-country scale with companies such as Sky in the UK having their own rights and so on.
Betting odds now suggest there's a 75% chance that Apple gains the full worldwide rights to F1 from 2025 onwards.
| Will Apple gain the rights for F1 by 2025 season? | Odds | Probability |
|---|---|---|
| Yes | 1/3 | 75.0% |
| No | 2/1 | 33.3% |
What the expert says...
Reported $936m rights revenue for 2022 in Formula 1
The Financial Times reported that Formula 1's total broadcast rights for 2022 were at $936m which accounted for just over 40% of the sport's total revenue.
This growth in F1 is part of the reason that Apple wants to get involved with the sport going from strength-to-strength in recent years.
Netflix's Drive to Survive series has played a massive part in the success of F1 in America with more and more viewers watching the sport over there.
Throw in a new F1 weekend in Las Vegas and you've got your perfect cocktail for the sport to go boom across the states in the next 12 months.
Max Verstappen now odds-on to win next year's Drivers Championship
Max Verstappen is favourite to once again with the Drivers Championship after he was officially crowned champion for this year this past weekend in Qatar.
Verstappen is the heavy favourite at 1/4 to be crowned champion after a dominant year in the sport and it'll be hard for him to be surpassed again.
Mclaren driver Lando Norris is the second favourite in the market at 6/1, closely followed by his teammate Oscar Piastri who is 8/1 to win the championship.
Red Bull are the 1/2 favourites to win the Constructors Championship with full odds given by Unibet for both categories.
| 2024 F1 Drivers Championship | Odds | Probability |
|---|---|---|
| Max Verstappen | 1/4 | 75.0% |
| Lando Norris | 6/1 | 14.3% |
| Oscar Piastri | 8/1 | 11.1% |
| Lewis Hamilton | 16/1 | |
| Charles Leclerc | 25/1 | Unibet |
