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Finding the Winning Rout: 2024 Formula 1 Australian GP Predictions, Betting Tips & Odds (March 24)

F1 Australian Grand Prix 2024 Betting Tips

Formula 1 returns to Melbourne’s Albert Park Circuit for the 38th Australian Grand Prix. Max Verstappen is on a hot streak, having secured two victories in a row. Can he pull off a third win in Melbourne? Our Formula 1 Australian GP Predictions 2024 preview examines this F1 race.

Key Info About The 2024 Australian GP Formula 1

Since its inaugural season in 1985, Australia has become a crucial part of Formula 1. The F1 race was initially held in Adelaide, but it was moved to Melbourne in 1996. It has also transitioned from a season finale to an early-season event, becoming a beloved fixture in Victoria’s capital.

The Australian Grand Prix returns to the usual weekend format after the first two calendar year races took place on Saturday. Practice will be held on Friday, qualifying will be on Saturday, and the race will take place on Sunday.

ℹ️ Tournament: 2024 Formula One World Championships, F1 Australian Grand Prix 2024
🛣 Venue: Albert Park Circuit, Melbourne, Australia
🗓️ Date: Friday, 22nd March (Practice Sessions) – Sunday, 24th March (Main Race)
⏰ Time: 04:00 AM GMT on Sunday

Formula 1 Australian GP 2024 Odds & Favorites

Here are bookmakers’ best auto racing odds for likely winners for this event. These 2024 Australia GP F1 betting odds reflect the current standing of drivers in Formula 1:

Max Verstappen
Best odds:
1.18 (1/5)
4.0
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4.9
Sergio Perez
Best odds:
8.00 (7/1)
4.0
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4.1
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4.9
Charles Leclerc
Best odds:
15.00 (14/1)
4.0
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4.1
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4.9
Lewis Hamilton
Best odds:
34.00 (33/1)
4.0
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4.1
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4.9
Fernando Alonso
Best odds:
41.00 (40/1)
4.0
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4.9

Max Verstappen @ 1.18 (1/5)

Max Verstappen’s reign of dominance shows no signs of stopping. He has enjoyed a perfect start to the year, securing two victories from the first two races. The flying Dutchman has won 17 of the last 18 races he has participated in. His incredible run last season saw him secure the highest points tally ever recorded in Formula 1. Verstappen will now set his sights on clinching a second consecutive Australian Grand Prix in Melbourne this weekend. Given his performances, it is no surprise Max has the best Formula 1 Australian GP 2024 odds for an outright winner.

Sergio Perez @ 8.00 (7/1)

While Sergio Perez’s string of second-place finishes behind Verstappen suggests he can capitalize if Max falters, his performance hasn’t been consistent. Early 2023 wins in Saudi Arabia and Azerbaijan showcased his potential, but finishing eighth in Singapore (Verstappen’s last defeat) and fifth in Australia last year dampened expectations. Nevertheless, as the driver of the best car constructor, Perez is still in a favorable position to take advantage of any opportunities for a win.

Charles Leclerc @ 15.00 (14/1)

Charles Leclerc began the 2022 season strong with a win in Bahrain, followed by a second-place finish in Saudi Arabia. He continued his success by taking the checkered flag at the Australian Grand Prix. However, his championship fight faded as the season progressed. Despite adding another victory in Austria, Leclerc ultimately finished runner-up to Max Verstappen in the Drivers’ Championship. In the 2024 F1 season, the Monacan driver showed signs of relief, and he is another favorite to win this race.

Lewis Hamilton @ 34.00 (33/1)

Despite recent struggles, Lewis Hamilton still possesses unmatched experience and determination to reclaim championship glory in his final Mercedes season. His abilities make him an intriguing outsider to secure a win. The sporting great’s legacy and proven ability to thrive under pressure will be aided by Mercedes’ tireless efforts to catch the frontrunners. This makes him a compelling underdog capable of causing offsets in Melbourne.

George Russell @ 41.00 (40/1)

George Russell arrives in Melbourne fresh off fifth and sixth-place finishes in Bahrain and Saudi Arabia. He will be hungry to claim his first F1 championship title since clinching the Sao Paulo GP in 2022. He has previously enjoyed a strong performance in the Australia GP, securing a third-place finish in 2022. Given his abilities, Russell will be keen to make the leap and clinch a second GP title this weekend.

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2024 F1 Australian Grand Prix Preview

Albert Park Circuit Analysis

The 5.2km Albert Park circuit, set against Melbourne’s skyline, features 16 turns and fast curves, providing a challenging track layout. With limited room for error due to gravel traps and close walls, the 2023 Grand Prix saw three record-breaking red flags, showcasing its unforgiving nature.

Australian Grand Prix’s Previous Winners

Sebastian Vettel is the most successful driver in the last decade of the Australian GP, winning three races. Max Verstappen is the reigning Champion after claiming his first-ever Australian GP title last year.

  • 2023: Max Verstappen
  • 2022: Charles Leclerc
  • 2021: Canceled
  • 2020: Canceled
  • 2019: Valtteri Bottas

F1 Australian GP 2024 Betting Tips

Here are our 2024 F1 Australian GP betting tips for the race:

Fastest Lap – Max Verstappen @ 1.57 (4/7)

Event Prediction
Fastest Lap – Max Verstappen
Best odds:
1.57 (4/7)
Agree with prediction?
(2 voted)

1 (50%)

(50%) 1

Based on current form and car performance, Max Verstappen is the favorite to secure the fastest lap in the Australian Grand Prix. His prowess in the Formula 1 arena shone brightly in the previous season as he skillfully secured nine more points by consistently clocking the fastest laps. The Dutch sensation has kicked off the 2024 season with remarkable feats. He won the fastest lap in the Bahrain Grand Prix, and odds on the best sports betting app favored him to repeat that performance this weekend.

Podium Finish – Charles Leclerc @ 1.66 (2/3)

Event Prediction
Podium Finish – Charles Leclerc
Best odds:
1.66 (2/3)
Agree with prediction?
(2 voted)

1 (50%)

(50%) 1

Leclerc stepped up in Ferrari’s fight against Red Bull at the Jeddah race, taking a podium finish and the fastest lap after pole position. Fellow Ferrari teammate Carlos Sainz had scored a podium in Bahrain. However, he recently underwent surgery for appendicitis, and he will miss this race. This puts Leclerc in the lead for Ferrari as they challenge Red Bull. He’ll likely aim for second place, with Verstappen’s lead in the championship looking too strong to challenge for the win. We expect Leclerc to finish on the podium. You can bet on F1 Australian Grand Prix 2024 for this option at any racing bookmaker.

Oscar Piastri – Top 6 Finish @ 1.90 (8/9)

Event Prediction
Oscar Piastri - Top 6 Finish
Best odds:
1.90 (8/9)
Agree with prediction?
(2 voted)

2 (100%)

0

McLaren has made a strong start to the season, doubling their points haul compared to the previous two years. Oscar Piastri stole the show in Jeddah with a dazzling fourth-place finish, edging out the legendary Fernando Alonso and his teammate Lando Norris (who came in eighth). With the next race in Australia, Piastri can expect a huge boost from his home fans and should be in contention even for higher places than a ‘simple’ top-six finish.

Here are our 2024 Formula 1 Australia betting picks:

Fastest Lap – Max Verstappen
Best odds:
1.57 (4/7)
4.0
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4.1
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4.9
Oscar Piastri - Top 6 Finish
Best odds:
1.90 (8/9)
4.0
100% up to $600
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4.1
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4.9

Max Verstappen is poised for another victory in Melbourne, matching Vettel’s record of successive victories in the Australian GP. You can use our F1 Australia Grand Prix predictions to select Formula 1 best odds on bookies to win extra cash.

Jimmy E
Author
Writer & Tipster

Jimmy is our on-duty tipster and writer. His favorite sports are cricket, tennis, and basketball. If you’re looking for the best betting tips in the business, Jimmy’s your guy. His tips and events previews are among the most read at BetZillion.

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