Australian Open Odds With Favorites And A Tennis Betting Guide

Tennis doesn’t wait long to get things heated up. The Australian Open is already upon us as 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 from Jan. 16 to Jan. 29 and, to no surprise, Novak Djokovic (-120) is the favorite to win the men’s tournament. On the women’s side, Iga Swiatek (+175) remains a strong favorite. 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. Men’s and women’s futures are available to bet on.

Australian Open men’s odds

Here are quick-hitting Australian Open betting notes for some of the key men’s players in this year’s Australian Open.

Novak Djokovic (-450)

Novak has lost just twice since falling to Rafael Nadal in the French Open. The crowd proved to be behind him last week when he won in Adelaide after missing last year’s Australian Open when he was unable to travel due to being unvaccinated. He’ll be looking for his 10^th Australian Open title.

Stefanos Tsitsipas (+425)

With three semifinal appearances in his last four Australian Opens, Tsitsipas is comfortable at Melbourne Park and always has nice support here. He supported Greece in the United Cup and logged four quality victories.

Karen Khachanov (+2000)

The Russian-Armenian Khachanov has advanced to his second straight Aussie Open semifinal after defeating Yoshihito Nishioka, Frances Tiafoe, and Sebastian Korda. Ranked 20th in the world heading into this event, Khachanov will face #3 seed Stefanos Tsitsipas next.

Tommy Paul (+3500)

Ranked #35 in the world heading into the Australian Open, Tommy Paul was not expected to reach the quarterfinals, much less against another American. Paul beat Ben Shelton as a -250 favorite but now faces Novak Djokovic as a +900 underdog to advance to the final.

Australian Open women’s odds

Here are some of the top women in the Australian Open field along with their opening odds.

Aryna Sabalenka (+100)

Sabalenka will live and die based on her serve percentages in Melbourne. When the first serve is on, she’s as dangerous as anyone as she proved with semifinal runs at Wimbledon and the U.S. Open to end the year. 

Elena Rybakina (+160)

Ranked #22 in the world, Elena Rybakina is a -215 favorite to advance against Victoria Azarenka (+175) Wednesday night.

Victoria Azarenka (+450)

Azarenka took down #3 Jessica Pegula in the quarter-final 6-4 and 6-1 for a massive upset. She’ll be the underdog once again facing Elena Rybakina in the semi-final.

Magda Linette (+1300)

Magda Linette is the biggest underdog to reach the quarter-final, ranked #45 in the world. She will face 5th-ranked Aryna Sabalenka to advance to the final. Linette is a +350 underdog in the match, with Sabalenka favored at -475.

Tennis schedule

Here are key dates for the 2023 Australian Open.

• First round: January 16-17
• Second round: January 18-19
• Third round: January 20-21
• Fourth round: January 22-23
• Quarterfinals: January 24-25
• Semi-finals: January 26-27
• Women’s Final: January 28
• Men’s Final: January 29

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.

Australian Open betting history

Below we will look at the betting history of the Australian Open.

Men’s results

• 2022: Rafael Nadal (+550)
• 2021: Novak Djokovic (+130)
• 2020: Novak Djokovic (+120)
• 2019: Novak Djokovic (+120)
• 2018: Roger Federer (+195)
• 2017: Roger Federer (+2500)
• 2016: Novak Djokovic (-145)
• 2015: Novak Djokovic (-105)
• 2014: Stan Wawrinka (+4000)
• 2013: Novak Djokovic (+100)

Women’s results

• 2022: Ash Barty (+275)
• 2021: Naomi Osaka (+550)
• 2020: Sofia Kenin (+6600)
• 2019: Naomi Osaka (+1325)
• 2018: Caroline Wozniacki (+1000)
• 2017: Serena Williams (+335) 
• 2016: Angelique Kerber (+3300)
• 2015: Serena Williams (+275) 
• 2014: Li Na (+1100)
• 2013: Victoria Azarenka (+330)