There were only three races in the opening eight weeks of the Formula 1 season, but there are now five in a six-week stretch. The second running of the Miami Grand Prix will take place on Sunday at 3:30 p.m. ET on the 3.363-mile track in South Beach. Max Verstappen is still the favorite to win the title this season, but teammate Sergio Perez has two wins on two street circuits to breathe life into a potential title battle. Verstappen is the -225 favorite (bet $225 to win $100) in the 2023 Miami Grand Prix odds, while Perez is +275.

Oddsmakers are not expecting any other serious 2023 Miami Grand Prix contenders, as Fernando Alonso has the third-shortest odds at 14-1. So which drivers should you back with your 2023 Miami Grand Prix bets? Before analyzing the 2023 Miami Grand Prix starting grid and making any Formula 1 picks, be sure to check out the latest 2023 Miami GP predictions and betting advice from SportsLine's proven projection model.

Developed by daily Fantasy pro and SportsLine predictive data engineer Mike McClure, this proprietary Formula 1 prediction model simulates every race 10,000 times, taking into account factors such as track history and recent results. It's had a strong history of success in motorsports, correctly predicting nine NASCAR winners since the 2021 season and its projected leaderboards have forecasted winners across multiple racing formats.

The model has been scorching hot when it comes to picking Formula 1 race events dating back to 2021. It nailed both of Leclerc's wins in 2022, and at the 2021 Mexican Grand Prix, the model was strongly backing Verstappen as its top pick. The result: Verstappen dominated the field and ran away with a surprise victory. 

The model followed that up by calling Verstappen's win at the Rolex Emilia Romagna GP in April and then nailed his wins again in Belgium, the Netherlands, Japan, the United States, Mexico and Abu Dhabi. It's also nailed Verstappen's wins in Bahrain and Australia this season. Anyone who followed the model's lead on those plays has seen huge returns

Now, the model has dialed in on the 2023 Formula 1 Miami Grand Prix and just released its coveted picks and leaderboard projections. You can head to SportsLine now to see the complete 2023 Miami GP leaderboard projection.

Top 2023 Formula 1 Miami GP predictions

One massive shocker: The model is high on Ferrari driver Carlos Sainz, even though he's a 40-1 longshot. He had a disappointing weekend in Azerbaijan, falling behind from the very first session. The sprint format did not give him any time to adjust, and his lack of confidence in his car did not help his situation.

However, he told reporters that he spoke with his engineers and was able to figure out the problem heading into this weekend's race in Miami. Sainz finished third in the inaugural edition of this race and went on to finish fifth in the season standings. He is a massive longshot this weekend, but the model expects him to outperform those expectations. See who else the model is backing and who it is fading right here.

How to make 2023 Miami Grand Prix picks

The model is also targeting one longshot getting triple-digit Miami GP odds to make a surprising surge up the leaderboard. Anyone who backs him could hit it big. You can find out who he is, and see all of the model's F1 picks and predictions at SportsLine.

So who wins the Miami Grand Prix 2023? And which under-the-radar drivers makes a stunning charge towards the front? Check out the latest 2023 F1 odds below, then visit SportsLine now to see the full projected 2023 Miami Grand Prix leaderboard, all from the model with a proven history of auto racing success, and find out.

2023 Formula 1 Miami Grand Prix odds, field, top contenders

See Miami Grand Prix picks at SportsLine

Max Verstappen -225
Sergio Perez +275
Fernando Alonso +1400
Charles Leclerc +1800
Lewis Hamilton +2800
Carlos Sainz +4000
George Russell +5000
Lance Stroll +12500
Lando Norris +20000
Esteban Ocon +30000
Pierre Gasly +30000
Nico Hulkenberg +50000
Oscar Piastri +50000
Kevin Magnussen +50000
Alexander Albon +75000
Valtteri Bottas +100000
Yuki Tsunoda +100000
Guanyu Zhou +150000
Logan Sargeant +150000
Nyck de Vries +150000