Formula 1 picks, odds, start time, grid: 2024 Australian Grand Prix ...

The 2024 Formula 1 schedule will resume early Sunday morning with the 2024 Australian Grand Prix on the Albert Park Circuit in Melbourne. The green flag is scheduled to drop at midnight ET. Max Verstappen is the three-time defending world champion, piled up a record 19 wins in 2023, and won the first two races of the 2024 F1 schedule. Now, he'll look to make it three in a row at the Australian Grand Prix 2024 and Red Bull Racing will try to extend its already-staggering 38-point lead in the F1 constructors' championship.

Verstappen is the -600 favorite (risk $600 to win $100) in the 2024 Australian Grand Prix odds and his teammate Carlos Perez is second on the board at +800. Ferrari's Charles Leclerc is next at +1800 in this week's F1 odds, while Mercedes' Lewis Hamilton is listed at +4000. Before analyzing the 2024 Australian Grand Prix starting grid and making any Formula 1 picks, be sure to check out the latest 2024 Australian 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 Charles 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 also nailed all 19 of Verstappen's wins during the 2023 season and then called both of the defending champion's wins to start the 2024 season. Anyone who followed the model's lead on those plays has seen huge returns.

Now, the model has dialed in on the 2024 Formula 1 Australian Grand Prix and just released its coveted picks and leaderboard projections. You can head to SportsLine now to see the complete 2024 Australian Grand Prix projected leaderboard.

Top 2024 Formula 1 Australian GP predictions

One surprise: The model is fading Lewis Hamilton, even though he's one of the top favorites. The seven-time world champion is in a lame-duck situation with Mercedes, having already committed to joining Ferrari for the 2025 season. And while he is unquestionably still pushing for performance, he's producing disappointing results in disappointing equipment early in 2024.

Hamilton finished seventh in Bahrain to open the season and then finished ninth in Saudi Arabia. He's now gone 47 races without a win (the longest drought of his career) and his five-race streak of failing to finish in the top five is tied for the longest of his career. The model is predicting that Hamilton barely finishes inside the top 10 despite being fifth favorite at 40-1. See who else the model is backing and fading at the 2024 Australian Grand Prix right here.

How to make 2024 Australian Grand Prix picks

Instead, the model is also targeting two drivers going off at longer than 25-1 to make surprising surges up the leaderboard. Anyone who backs them could hit it big. You can find out who they are, and see all of the model's F1 picks and predictions, at SportsLine.

So who wins the Australian Grand Prix 2024, and which stunning longshots charge towards the front? Check out the latest 2024 F1 odds below, then visit SportsLine now to see the full projected 2024 Australian Grand Prix leaderboard, all from the model that has already nailed all 19 of Verstappen's wins last season, and find out.

2024 Formula 1 Australian Grand Prix odds, grid, contenders

See F1 Australian Grand Prix picks at SportsLine.

Max Verstappen -600
Sergio Perez +800
Charles Leclerc +1800
Carlos Sainz +3300
Lewis Hamilton +4000
George Russell +4000
Lando Norris +5000
Fernando Alonso +5000
Oscar Piastri +6600
Oliver Bearman +8000 (relief driver)
Lance Stroll +25000
Esteban Ocon +50000
Alexander Albon +50000
Yuki Tsunoda +75000
Daniel Ricciardo +75000
Pierre Gasly +75000
Nico Hulkenberg +100000
Kevin Magnussen +100000
Logan Sargeant +150000
Valtteri Bottas +150000
Guanyu Zhou +150000