2023 Australian Grand Prix Odds: Verstappen Remains a Massive Favorite

The first two races of the 2023 F1 season have been all-out dominations by Red Bull, and the odds to win in Melbourne expect no different. Find out more by checking out the latest Australian Grand Prix odds.

Last Updated: Apr 1, 2023 5:49 PM ET Read Time: 4 min
Max Verstappen Red Bull Formula 1
Photo By - USA TODAY Sports

Through two races of the 2023 F1 calendar, one trend is becoming abundantly clear: there's Red Bull... then some empty track... and then everybody else.

Red Bull has gone 1-2 in each of the first two events and like the current F1 Drivers' Championship odds, the F1 odds for tomorrow's race at Melbourne Grand Prix Circuit features Max Verstappen well ahead of basically the entire field.

See who's left in what seems like a battle for second place in our latest odds to win on Sunday, and be sure to also check out Shawn Wronka's full Australian Grand Prix betting picks

Australian Grand Prix odds

Driver DraftKings
Max Verstappen -300
George Russell +800
Lewis Hamilton +850
Fernando Alonso +850
Carlos Sainz +3,000
Charles Leclerc +3,500
Sergio Perez +4,500
Lance Stroll +13,000
Pierre Gasly +60,000
Esteban Ocon +60,000
Alexander Albon +60,000
Nico Hulkenberg +70,000
Lando Norris +90,000
Yuki Tsunoda +100,000
Valtteri Bottas +100,000
Oscar Piastri +100,000
Nyck de Vries +100,000
Logan Sargeant +100,000
Kevin Magnussen +100,000
Guanyu Zhou +100,000

Odds as of April 1, 2023.

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Australian Grand Prix starting grid

Starting Position Driver
1 Max Verstappen
2 George Russell
3 Lewis Hamilton
4 Fernando Alonso
5 Carlos Sainz
6 Lance Stroll
7 Charles Leclerc
8 Alex Albon
9 Pierre Gasly
10 Nico Hulkenberg
11 Esteban Ocon
12 Yuki Tsunoda
13 Lando Norris
14 Kevin Magnussen
15 Nick de Vries
16 Oscar Piastri
17 Zhou Guanyu
18 Logan Sargeant
19 Valtteri Bottas
20 Sergio Perez

Australian Grand Prix favorites

Max Verstappen (-300)

Max Verstappen's early exit from qualifying at Jeddah meant that he was forced to start the Saudi Arabian Grand Prix in 15th place.

He also was on the radio for most of the race complaining about what he believed was a driveshaft issue... yet he still finished in second place — 15 seconds ahead of Fernando Alonso.

The blistering pace that Verstappen and Red Bull have exhibited through two races is in a class of its own, and it's no surprise that he claimed pole on Saturday and is a clear favorite for tomorrow's race.

George Russell (+800)

Russell nearly topped Verstappen in qualifying and will start just behind "Mad Max" on Sunday. Representing Mercedes, the 25-year-old Brit will look for his first win since taking the 2022 Brazilian Grand Prix in Sao Paulo. 

Last season, Russell finished fourth in the F1 driver standings and 35 points ahead of teammate Lewis Hamilton. 

Lewis Hamilon, Fernando Alonso (+850)

Hamilton has leapfrogged up to +850 over at FanDuel following his third-place finish in qualifying. Sir Lewis has managed two consecutive Top-5 finishes to start the 2023 campaign and is listed at -380 to snag a Top-6 placing on Sunday. 

In the season-opening race at Bahrain, Alonso was heard near the end of the event calling his Aston Martin a "beautiful car to drive" as he finished third — almost 28 seconds behind either Red Bull.

He followed that up by again placing third at Jeddah, as Aston Martin has shown early signs of being a legitimate contender for the second-best constructor this year, boosted into the class with Ferrari (with has won three of the last four Australian GPs) and Mercedes.

Previous Australian Grand Prix winners

Here are the last 10 winners of the Australian Grand Prix, with Charles Leclerc currently the defending champion.

Year Driver Constructor
2022 Charles Leclerc Ferrari
2021 No race due to COVID-19
2020 No race due to COVID-19
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
2011 Sebastian Vettel Red Bull-Renault

Understanding F1 betting odds

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 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:

  • Sergio Perez +1,400

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: 

  • Max Verstappen -120

This means that you would need to bet $120 to win $100 on Verstappen winning the race.

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