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Lewis Hamilton is the most decorated driver of his generation, and while it's clear that he's no longer the dominant force in Formula 1, he'll be looking for a record-setting seventh victory at the 2023 Spanish Grand Prix. Hamilton conquered the Circuit de Barcelona-Catalunya in 2014 and then from 2017-2021. Now he seeks his first victory since Saudi Arabia in Dec. 2021 and he'll need to pull out all the stops to surpass a dominant Red Bull Racing team headlined by Max Verstappen.

Verstappen is the -250 favorite (bet $250 to win $100) in the 2023 Spanish Grand Prix odds from Caesars Sportsbook, while teammate Sergio Perez is listed at +333. That pair have combined to win all six races this season, with Verstappen winning four times and Perez winning twice. Hamilton is a 33-1 longshot for Sunday's race, which begins at 9 a.m. ET. Before analyzing the 2023 Spanish Grand Prix starting grid and making any Formula 1 picks, be sure to check out the latest 2023 Spanish 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, Australia, Miami and Monaco 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 FIA Formula 1 Spanish Grand Prix and just released its coveted picks and leaderboard projections. You can head to SportsLine now to see the complete 2023 Spanish Grand Prix leaderboard projection.

Top 2023 Formula 1 Spanish GP predictions

One massive shocker: The model is fading Mercedes driver George Russell, even though he's tied for fifth favorite at +3300. The model is predicting that Russell continues to struggle during what has been a difficult season and fails to crack the top five of the 2023 Spanish Grand Prix.

Despite Mercedes taking a considerable step back as the dominant manufacturer in F1, Russell had a breakthrough season in his first year with the team in 2022, finishing fourth. However, he hasn't hit the podium yet in 2023 and he sits 19 points behind Hamilton, his Mercedes teammate, after beating him comfortably in the F1 standings last season. He's been 14th or worse in all but one of his previous Spanish Grand Prix starts and remains a fade until showing signs of a resurgence. See who else the model is backing and who it is fading right here.

How to make 2023 Spanish Grand Prix picks

The model is also targeting one longshot getting triple-digit Spanish 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 Spanish 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 Spanish Grand Prix leaderboard, all from the model that has already nailed all four of Verstappen's wins this season and find out.

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

See Spanish Grand Prix picks at SportsLine

Max Verstappen -250
Sergio Perez +333
Fernando Alonso +1000
Charles Leclerc +2500
Lewis Hamilton +3300
George Russell +3300
Carlos Sainz +4000
Lance Stroll +12500
Esteban Ocon +20000
Pierre Gasly +25000
Lando Norris +30000
Oscar Piastri +75000
Yuki Tsunoda +75000
Kevin Magnussen +75000
Nico Hulkenberg +100000
Valtteri Bottas +100000
Alexander Albon +100000
Guanyu Zhou +150000
Nyck De Vries +200000
Logan Sargeant +200000