F1 Betting Odds for Australian GP 2024

F1 Australian Grand Prix 2024 predictions, betting odds and best bets - who is the favourite to win in Melbourne?


As the Formula 1 circus gears up for the 2024 Australian Grand Prix, the betting odds are painting an intriguing picture of what to expect at one of the most exciting races on the calendar. With the drivers and teams putting everything on the line, let’s delve into the betting odds provided by FanDuel, Caesars, and bet365 to forecast the potential outcomes of this high-octane event.

At the forefront of the odds chart is Max Verstappen from Red Bull, a clear favorite across all platforms. With odds like -550 (FanDuel), -500 (Caesars), and -556 (bet365), it’s evident that the betting world sees Verstappen as the dominant force. His consistent performance and aggressive driving style have certainly cemented his place at the top of the list.

The competition is few and far between, with Sergio Perez, also of Red Bull, trailing with significantly higher odds, marking him as a potential dark horse. Perez‘s odds stand at +1,400 (FanDuel), +800 (Caesars), and +700 (bet365), indicating that while he’s not the top pick, an upset could very well be in the cards.

Betting Odds for Australian GP 2024

Max VerstappenRed Bull-550-500-556
Sergio PerezRed Bull+1400+800+700
Charles LeclercFerrari+1800+1200+1400
Lando NorrisMcLaren+3600+3300+4000
Lewis HamiltonMercedes+3600+3300+3300
George RussellMercedes+3600+3300+4000
Fernando AlonsoAston Martin+5000+5000+4000
Oscar PiastriMcLaren+5000+5000+5000
Oliver BearmanFerrari/Haas+7000+8000+6600
Lance StrollAston Martin+18000+25000+20000
Nico HulkenbergHaas+42000+100000+50000
Valtteri BottasKick Sauber+42000+150000+50000
Yuki TsunodaRB+42000+75000+50000
Pierre GaslyAlpine+42000+100000+50000
Alex AlbonWilliams+42000+50000+50000
Daniel RicciardoRB+42000+75000+50000
Esteban OconAlpine+42000+50000+50000
Guanyu ZhouKick Sauber+42000+150000+50000
Kevin MagnussenHaas+42000+100000+50000
Logan SargeantWilliams+42000+150000+50000

Favorites for 2024 Australian GP

Verstappen stands out as the undisputed favorite for the 2024 Australian Grand Prix. The Dutch sensation, driving for Red Bull, is highlighted with odds of -550 (FanDuel), -500 (Caesars), and -556 (bet365), signaling strong confidence from the betting community in his continued dominance. 

Not far behind, albeit with significantly higher odds, is Perez. His odds are listed at +1400 (FanDuel), +800 (Caesars), and +700 (bet365). Perez’s role as a reliable second driver who can capitalize on opportunities has been evident. 

Charles Leclerc of Ferrari is another notable contender, with odds reflecting his status as a serious challenger. His odds of +1800 (FanDuel), +1200 (Caesars), and +1400 (bet365) position him as a potential threat to the Red Bull duo. Leclerc’s talent and the prancing horse’s improving performance mean he’s certainly in the mix for a win or a podium finish.

Charles Leclerc, Max Verstappen and Oscar Piastri after qualifying for 2023 Abu Dhabi GP | Getty Images / Red Bull Content Pool
Charles Leclerc, Max Verstappen and Oscar Piastri after qualifying for 2023 Abu Dhabi GP | Getty Images / Red Bull Content Pool

Outside Bets for the 2024 Australian GP

While the spotlight is firmly on the favourites, the Australian Grand Prix is notorious for its unpredictability and has often been the stage for unexpected heroes. Among the outsiders, Lando Norris of McLaren and Lewis Hamilton of Mercedes stand out with their intriguing odds.

Norris, with odds of +3600 (FanDuel), +3300 (Caesars), and +4000 (bet365), and Hamilton, equally positioned at +3600 (FanDuel), +3300 (Caesars), and +3300 (bet365), are seasoned drivers capable of exploiting any opportunity. Their talent and experience place them as dark horses who could potentially disrupt the status quo, making them fascinating options for bettors looking for value beyond the frontrunners.

Further down the list, drivers like Fernando Alonso with Aston Martin and Oscar Piastri in a McLaren possess the talent and the determination to make an impact, despite the long odds against them. Alonso’s odds of +5000 across the board and Piastri’s similar positioning reflect the challenging task ahead but also hint at the lucrative payouts for bettors willing to take a chance on these underdogs.

John Smith
John Smithhttps://total-motorsport.com
Editor at Total-Motorsport.com and all round Motorsport journalist specialising in Formula 1, IndyCar and Formula E.
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