Australia often takes part in the finals of the World Cup, so I immediately noticed this couple and overestimation of Peru. But as I said, I forgot to bet on the game.
Australian national football association (Football Australia) made a strategic move to move from OFC to AFC in 2005. And since then, they have participated in each and every edition of the world cup (2006, 2010, 2014, 2018 and now 2022). When they were part of the OFC, as a result of the complex qualification criteria set up by the FIFA, they could qualify only once (in 1974). But to be fair, at least on paper, Peru was a far better team when compared to Australia. And in general I would say that any team from CONMEBOL is far ahead of any team from AFC.