After a critical bounceback week for Max Verstappen and his Red Bull crew, the defending Drivers’ Champion heads to Australia as a slim +120 favorite. Ferrari’s Charles Leclerc is close behind at +150. Check out the full Australian Grand Prix odds below.
Last Updated: Apr 4, 2022 9:04 AM ET
Read time: 3 mins
After a disastrous season-opening week in Bahrain, Red Bull has fought back to the tune of a Max Verstappen victory and a Sergio Perez fourth-place finish at the Saudi Arabian Grand Prix.
Max Verstappen now sits third in the Drivers’ Championship standings ahead of the season’s third race — the Australian Grand Prix, which takes place at the 5,279-kilometer Albert Park Circuit in Melbourne.
The race is returning to the Formula 1 schedule after a two-year hiatus in 2020 and 2021 and takes place at 3 pm local time (aka 1:00 am ET) on Sunday, April 10.
Will Max Verstappen be the betting favorite this week after his win in Saudi Arabia or are the oddsmakers still behind Charles Leclerc and the pace of Ferrari?
Find out in our full 2022 Australian Grand Prix odds breakdown below.
F1 Australian Grand Prix odds
| drivers | Odds to win the Australian Grand Prix |
|---|---|
| Max Verstappen | +120 |
| Charles Leclerc | +150 |
| Carlos Sainz | +800 |
| Sergio Perez | +1,400 |
| Lewis Hamilton | +1,400 |
| George Russell | +2,500 |
| Mike Schumacher | +6,600 |
| Fernando Alonso | +12,500 |
| Valtteri Bottas | +12,500 |
| Pierre Gasly | +12,500 |
| Kevin Magussen | +12,500 |
| Esteban Ocon | +12,500 |
| Lando Norris | +17,500 |
| Daniel Ricciardo | +27,500 |
| Yuki Tsunoda | +30,000 |
| Guanyuzhou | +50,000 |
| Lance Stroll | +100,000 |
| Sebastian Vettel | +100,000 |
| Alex Albon | +300,000 |
| Nicholas Latifi | +350,000 |
Odds courtesy of bet365 on April 4.
Australian Grand Prix favourites
Max Verstappen (+120)
After a worst-case scenario week to open the season in Bahrain, Verstappen claimed his first victory of the new season at the Saudi Arabian Grand Prix and did it in impressive fashion — starting from fourth on the grid behind the two Ferraris and his Red Bull teammate, Sergio Perez.
While the Ferrari appears to have the faster lap pace in the season’s early stages, Verstappen’s race pace paired with his championship experience paid dividends en route to a much-needed bounceback win.
He enters the week a slim +120 favorite over Charles Leclerc.
Charles Leclerc (+150)
Ferrari’s Charles Leclerc enters the week in the No. 2 spot, available at +150.
Leclerc started the year off with a comfortable win at the Bahrain Grand Prix and is proving to be the biggest threat to a Max Verstappen title defense — currently holding a 45-25 lead in the Drivers’ Championship standings through two races.
He finished second in Saudi Arabia behind Max but will be in contention for pole again this week with how quick the Ferrari has been.
Carlos Sainz Jr (+800)
Rounding out the Top 3 is Leclerc’s teammate, Carlos Sainz Jr, available to win at +800.
The young Spaniard sits second in the Drivers’ standings behind Leclerc and already has two podium finishes to his name in the new-look Ferrari.
Australian Grand Prix starting grid
Check back for the Australian Grand Prix starting grid after next Saturday’s qualifying session!
Recent winners of the Australian Grand Prix
| Year | drivers |
|---|---|
| 2021 |
N / A |
| 2020 |
N / A |
| 2019 |
Valtteri Bottas (Mercedes) |
| 2018 |
Sebastian Vettel (Ferrari) |
| 2017 |
Sebastian Vettel (Ferrari) |
| 2016 |
Nico Rosberg (Mercedes) |
| 2015 |
Lewis Hamilton (Mercedes) |
| 2014 |
Nico Rosberg (Mercedes) |
| 2013 |
Kimi Raikkonen (Lotus Renault) |
| 2012 |
Jenson Button (McLaren Mercedes) |
The most popular way to bet on Formula 1 odds is by simply picking the winner of a particular race. Other popular F1 betting options include on which car/constructor will win and whether or not a particular race car driver will end up on the podium with a Top-3 finish.
F1 race odds usually look like this:
This means that on a $100 bet, you’ll stand to profit $1,400 if Perez wins that particular race. If one driver is especially dominant, you might see a minus sign (-) ahead of that driver’s odds like this:
This means that you would need to bet $175 to win $100 on Hamilton winning the race.
Australian Grand Prix Odds FAQs
Who is the current betting favorite for the 2022 Australian Grand Prix?
Red Bull’s Max Verstappen is the solo betting favorite to win the 2022 Australian Grand Prix, on the board at +120.
Who was the last winner of the Australian Grand Prix?
The Australian Grand Prix hasn’t happened since 2019, when Valtteri Bottas claimed victory.
Where is the Australian Grand Prix held?
The Australian Grand Prix is held at Albert Park Circuit in Melbourne, Australia.
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