Australian Open Odds: Tennis Betting Guide

Written By Tyler Duke | Last Updated at June 22, 2026

Tennis doesn’t wait long to get things heated up. The Australian Open is the first Grand Slam of the year, and there are matches to bet on all throughout the night. Played in the middle of the summer in Melbourne, the Australian Open is the hottest and fastest Grand Slam played on the easily identifiable bright blue hard courts. This year's Aussie Open runs through Jan. 28, and with men's tournament favorite Novak Djokovic out, Jannik Sinner (-285) is now favored over Daniil Medvedev (+230). On the women's side, defending champion Aryna Sabalenka (-600) is the favorite heading into the final versus Qinwen Zheng (+425). Check out Australian Open odds for all of the players remaining in the tournament below.

We will also deliver a betting guide on how to bet on the Australian Open.

Australian Open odds

Check out Australian Open odds below. Here are updated men's and women's futures prices heading into the finals.

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Tennis Schedule

Here are key dates for the 2024 Australian Open.

First round: January 14-16
Second round: January 17-18
Third round: January 19-20
Fourth round: January 21-22
Quarterfinals: January 23-24
Semi-finals: January 25-26
Women’s Final: January 27
Men’s Final: January 28

There are three more majors after the Australian Open, including the French Open, Wimbledon, and the US Open tennis tournament.

How to bet on the Australian Open

Moneyline: Betting on the moneyline during the Australian Open means you would be betting on a player straight up in his or her 1v1 match. Moneylines take spreads and overall money coming in on each player to provide a fair straight up bet in a matchup. Placing $10 on Novak Djokovic to win his first-round matchup would bring in considerably less money overall than betting on his spread with the same amount.

Game spread: Betting on the game spread means betting on a player to cover his or her spread in the match with total number of games won. For example, say Frances Tiafoe (+4.5) played Daniil Medvedev. Tiafoe could lose the match (6-7, 6-7, 4-6) in straight sets but still win the bet because he only lost by four total games.

Set Spread: Betting on set spreads is the same concept as game spreads but a little simpler to track. Spreads will be set at 1.5 — or 2.5 in bigger mismatches. If Djokovic was at (-1.5) in his matchup against Nick Kyrgios, for example, he would need to win the match in no more than four total sets to fulfill the bet.

Over/under (total games): Betting on over/under means placing a wager on the length of the game itself instead of who wins. The over/under line can vary widely based on who is playing and how evenly matched the game is expected to be. For example, an evenly matched championship expected to go five sets would have a much higher over/under total. A first-round match that is more than likely expected to be a 3-0 sweep could have an over/under of games played in the low 20s.

Props: Betting on props could be a wide range of things in tennis depending on what the sportsbook believes could be interesting. A typical prop bet in tennis revolves around serving. The sportsbook could place an over/under on the number of aces by John Isner in his first-round match or the number of double faults from Kyrgios in his match. Prop betting can be a small, but fun way to bet and follow along with the tournament.

Live betting: Just like any other sport, sportsbooks will have live betting available during Australian Open tennis matches. Based on the events in the match, the players’ live moneylines and set spreads will change and allow you to make bets while watching or following along.