2024 Australian Open Odds: Tennis Odds, Favorites, Schedule

Posted by Cliff Spiller . Last updated:

The 111th edition of the Australian Open begins at Melbourne Park on January 16. Novak Djokovic is back and comes in as the pre-tournament tennis betting favorite. Australian officials deported Djokovic before last year’s Australian Open, which opened the door for Rafael Nadal to win his 2nd Aussie title. Nadal (+1400) is tied with Stefanos Tsitsipas and Nick Kyrgios with the third-best odds, though Kyrgios withdrew with a knee injury a day before his first match. Meanwhile, sportsbooks have Daniil Medvedev with +500 odds to win.

The women’s side also has strange dynamics, because defending champion Ashleigh Barty is not playing. Barty retired two months after winning the 2022 Australian Open, becoming the first Aussie to do so in 44 years. Naomi Osaka, who has won 2 of the last 4 Australian Open tournaments, is out due to pregnancy. Thus, world No. 1 Iga Swiatek is the favorite to win the tournament. Behind her, Aryna Sabelenka, Ons Jabeur, Carolina Garcia, Jessica Pegula, and Coco Gauff are favorites with bettors.


2023 Australian Open Tennis Odds

2023 Men’s Australian Open Odds

The 2023 Australian Open odds are now out for the 111th edition, which is slated to begin next January. Djokovic is the early men’s favorite at -125, while Daniil Medvedev comes in at +500. Nadal is rated at +1400 to defend the title, which is quite low for a defending champion. Nick Kyrgios is a divisive figure among fans, but the 2022 Wimbledon finalist will be a tough opponent as his legion of Australian fans will attend each Kyrios match. But of course, keep an eye on Djokovic’s story. Stefanos Tsitsipas, a talented and tempestuous star himself, has the same odds as Nadal and Kyrgios.

The news on the men’s side coming into the 2023 Australian Open is the officials’ ban on booing at Novak Djokovic matches. Anticipating discord due to the government’s decision to allow Djokovic into the country after his deportation last year, Aussie Open officials say they want fans to be “respectful”. Djokovic came into the tournament as a favorite against the field, and his traditional dominance at the Aussie Open continued. Winning the key points, including the 2nd Set and 3rd Set tiebreakers, Djokovic defeated Stefanos Tsitispas in straight sets to win in the final.

All sports betting odds from Bovada.

Player Pre-Tournament Australian Open 2023 Odds
Novak Djokovic (Champion) -125
Stefanos Tsitsipas (Out) +1400
Karen Khachanov (Out) No Odds Posted
Tommy Paul (Out) No Odds Posted
Ben Shelton (Out) No Odds Posted
Andrey Rublev (Out) +3500
Sebastian Korda (Out) +3500
Daniil Medvedev (Out) +550
Nick Kyrgios (Withdrew: Meniscus injury) +1400
Rafael Nadal (Out) +1400
Felix Auger-Aliassime (Out) +1500
Jannik Sinner (Out) +1700
Taylor Fritz (Out) +1800
Holger Vitus Nodskov Rune (Out) +2000
Alexander Zverev (Out) +2800
Casper Ruud (Out) +3000
Matteo Berrettini (Out) +3500
Hubert Hurkacz (Out) +5000
Dominic Thiem (Out) +5000

Latest 2023 Australian Open Odds: Betting the Field Against The Favorites

Now that the men’s bracket has reached the quarterfinals, many of the favorites are out. The remaining two favorites (Djokovic and Tsitsipas) have lower odds to win, which gives sportsbooks and bettors a problem. What happens if you don’t want to bet on the favorites?

Sportsbooks offer odds where one or two players are pitted against the field. Those who wanted to bet on pre-tournament dark horses like Karen Khachanov, Ben Shelton, or Tommy Paul can place money on the “Field” bets below.

All sports betting odds from Bovada.

Player or Group Current Australian Open 2023 Odds
Novak Djokovic (Won) -225
The Field to Win: vs Djokovic (Lost) +185
Stefanos Tsitsipas (Lost) +375
The Field to Win: vs Tsitsipas (Won) -550
Djokovic or Tsitispas to Win Australian Open (Won) -1000
The Field to Win Australian Open: vs Djokovic or Tsitsipas (Lost) +600
Djokovic or Rublev to Win Australian Open (Won) -300
The Field to Win AO: vs Djokovic or Rublev (Lost) +240
Djokovic or Khachanov to Win Australian Open (Won) -325
The Field to Win AO: vs Djokovic or Khachanov (Lost) +250

How to Read Australian Open Match Odds

Here’s a quick tutorial on how to read the most popular Australian Open tennis betting odds.

Player Spread Moneyline Total
Daniil Medvedev -1.5 -110 47O
Rafael Nadal +1.5 +125 47U

When betting the SPREAD, you’re wagering on how many games the tennis player will win by. So, in the example above, Medvedev needs to win by 2-or-more games to cover the spread or Nadal needs to lose by 1-or-fewer game OR win the match outright.

When betting the MONEYLINE, you’re simply betting on which player you think will win the match outright. If you like the favorite, Medvedev, you’ll need to wager $110 for every $100 you’d like to win. If you like Nadal to pull off the upset, wager $100 to win $125.

The match total is Over/Under how many games will be played. In this example, the total line is Over/Under 47 games. Should Medvedev-Nadalplay exactly 47 games, the bet is a PUSH, and your original wager is returned to you.

2023 Women’s Australian Open Odds

On the women’s side of the 2023 women’s Australian Open odds, Iga Swiatek opens as a strong +200 favorite. Much of the news centers upon who will not be competing. Defending champion Ash Barty is retired, while 7-time champion Serena Williams evolved away from tennis (semi-retired) in the offseason. Meanwhile, Naomi Osaka (2020, 2018) and 2018 final Simona Halep each will miss the tournament this year. With so many longtime favorites out of the event, last year’s dominant player in the WTA is a heavy favorite.

In the 4th Round, Elena Rybakina knocked World No. 1 Iga Swiatek out of the tournament. Rybakina, the reigning Wimbledon champion, faces 2-time former Aussie champion Viktoria Azarenka in one semifinal, while Aryna Sabelenka faces unseeded Magda Linette in the other semifinal match. In the final, Sabalenka defeated Rybakina in a hard-fought 3-setter that included huge serves and huge forehand winners throughout the match.

Player Odds to Win 2023 Australian Open
Aryna Sabalenka (Champion) +600
Elena Rybakina (Out) +2000
Viktoria Azarenka (Out) +5000
Magda Linette (Out) No Odds Posted
Karolina Pliskova (Out) +4000
Donna Vekic (Out) No Odds Posted
Iga Swiatek (Out) +200
Ons Jabeur (Out) +1200
Caroline Garcia (Out) +1200
Jessica Pegula (Out) +1200
Coco Gauff (Out) +1400
Maria Sakkari (Out) +2000
Liudmila Samsonova (Out) +2500
Barbora Krejcikova (Out) +2500
Bianca Andreescu (Out) +2800
Paula Bedosa Gibert (Out) +2800
Qinwen Zheng (Out) +2800
Danielle Rose Collins (Out) +2800
Amanda Anisimova (Out) +3500
Belinda Bencic (Out) +3500
Linda Noskova (Out) +3500
Emma Raducanu (Out) +3500
Anett Kontaveit (Out) +4000
Petra Kvitova (Out) +4000
Madison Keys (Out) +4000
Ekaterina Alexandrova (Out) +4000
Beatriz Haddad Maia (Out) +4000
Garbine Muguruza (Out) +5000
Daria Kasatkina (Out) +5000
Clara Tauson (Out) +5000
Leylah Fernandez (Out) +5000
Petra Martic (Out) +5000
Anastasia Pavlyuchenkova (Out) +5000
Jelena Ostapenko (Out) +5000

Odds via Bovada

2023 Australian Open Tennis Favorites

Novak Djokovic playing tennis at wimbledon grass court

Novak Djokovic (-125)

After months of speculation, Djokovic gained entry into Australia and the Australian Open. Djokovic is the best player in the world, and he’s won 8 of the 11 Australian Open tournaments in which he competed. Because he’s dominant on Melbourne Park’s surface, Djoker is a clear favorite to win in 2023.

Update: Won the 2023 Men’s Australian Open.

Iga Swiatek

Iga Swiatek (+200)

Iga Swiatek became a dominant player in 2022. The 21-year old Polish became the WTA’s No. 1-ranked player on April 4 and held the position for 31 weeks since. She won two Grand Slam titles in 2022: The French Open and U.S. Open. In the summer of 2022, she posted a 37-match winning streak.

2021 Cincinnati Masters Tennis Preview Odds

Daniil Medvedev (+550)

Medvedev was runner-up in 2021 and 2022. He was one set away from his second Grand Slam after winning the 2021 U.S. Open, but he couldn’t put Nadal away. The tactical Russian has the skills to win but is seed 7th and might have to beat both Nadal and Djokovic to win his first Aussie Open.

Aryna Sabalenka

Aryna Sabelenka (+600)

Aryna Sabelenka enters the 2022 Australian Open as the world No. 5 player. The 6-foot tall right hander has the power to overwhelm most players on Aussie Open’s fast court, though Sabelenka has the touch to have won two Grand Slams as a doubles partners (2019 U.S. Open, 2021 Australian Open). While she has yet to win a single Grand Slam title, the upcoming Australian Open is her best chance yet. Her best Aussie finishes were in 2021 and 2022, when she made it to the 4th round each year.

Update: Won the 2023 Women’s Australian Open.

Rafael Nadal celebrates with Australian Open trophy

Rafael Nadal (+1400)

Nadal returned to the Grand Slam stage after missing Wimbledon and the U.S. Open with injuries. He did it in amazing fashion, winning two of three since the quarterfinals in five sets. After winning the 2022 French Open, Nadal holds the all-time record for Men’s Major wins.

Nick Kyrgios

Nick Kyrgios (+1400)

After a surprising run to the Wimbledon finals last summer, Nick Kyrgios has his best odds to win the biggest tournament in his home country. Kyrgios has +1400 odds to win the 2023 Australian Open, along with Nadal and Stefanos Tsitsipas.

Update: Less than 24 hours before his scheduled first-round match against Roman Safiullin, Nick Kyrgios pulled out of the tournament with a knee injury. An MRI scan revealed a small tear in his lateral meniscus. Announcing his withdrawal, Kyrgios said, “”I’m devastated. It’s brutal. This is my home tournament, and obviously winning the tournament in doubles [last year] and playing the best tennis of my life. All I can do is my best to come back.”

2023 Australian Open Event Details

a green calendar with a clock on the open page

Australian Open Schedule

The 2023 Australian Open is scheduled to be held January 16-29, 2023 at Melbourne Park. The women’s final will take place on January 28th, while the men’s final will be held the following day, January 29th.

a green couch

How to Watch

As with previous tennis grand slams, the Australian Open 2023 will air on the ESPN and ESPN2 networks, as well as The Tennis Channel.

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Defending Champs

In the men’s draw, your defending champ is Rafael Nadal, who defeated Daniil Medvedev 2-6, 6-7 (5-7), 6-4, 6-4, 7-5.

In the women’s draw, your defending champ is Ashleigh Barty, who defeated Danielle Collins 6-3, 7-6 (7-2). Barty will not participate in the event.

Australian Open: Men's and Women's Champions of the Past 20 Years

Studying past champions gives bettors perspective on the current tournament. Those betting against Novak Djokovic should know about his dominance at Melbourne Park over the past 12 years. Djokovic’s best tournament is the Australian Open, and his run of 8 championships in 12 years is comparable only to Federer’s and Sampras’s runs at Wimbledon. Only Nadal’s dominance of the French Open is more impressive.

The women’s bracket is much different, as the last 9 champions are not playing in the tournament. They have either retired or dropped out of the event due to injuries. Victoria Azarenka, who last won the event in 2013, is the latest champion in this year’s event. That leaves a wide-open field where players who’ve performed best elsewhere are the favorites.

Year Men’s Champion Women’s Champion
2022 Rafael Nadal Ashleigh Barty
2021 Novak Djokovic Naomi Osaka
2020 Novak Djokovic Sofia Kenin
2019 Novak Djokovic Naomi Osaka
2018 Roger Federer Caroline Wozniacki
2017 Roger Federer Serena Williams
2016 Novak Djokovic Angelique Kerber
2015 Novak Djokovic Serena Williams
2014 Stan Wawrinka Li Na
2013 Novak Djokovic Victoria Azarenka
2012 Novak Djokovic Victoria Azarenka
2011 Novak Djokovic Kim Clijsters
2010 Roger Federer Serena Williams
2009 Rafael Nadal Serena Williams
2008 Novak Djokovic Maria Sharapova
2007 Roger Federer Serena Williams
2006 Roger Federer Amelie Mauresmo
2005 Marat Safin Serena Williams
2004 Roger Federer Justine Henin
2003 Andre Agassi Serena Williams

Australian Open History & Traditions

Australian Open Tennis History

Australasian Championships

Originally known as the Australasian Championships, what would become deemed the Australian Open decades later, the premiere tennis tournament down under made its debut in 1905 on the grass courts of Melbourne’s Warehouseman’s Cricket Ground.

Australia’s Rodney Heath won the first tournament in four sets over Albert Curtis. Because travel to Australia was not easy, the tennis tournament champions were typically Australian.

Australia Championships During World Wars

World War Hiatuses

As was the case with many global sporting events, the Australasian Championships were cancelled in 1916, 1917 and 1918 during World War I and then again in 1941-1945 when known as the Australian Championships.

Australian Open Name Change

Becoming the Australian Open

In 1969, the first Australian Open was hosted by Brisbane, Queensland’s Milton Courts. Aside from its inaugural year and one other, the first decade-plus of the Australian Open was missing most of the game’s great players due to challenging travel logistics and due to the fact it was held around the Christmas and New Year’s holidays.

The legendary Rod Laver won the first Aussie Open in 1969.

Australia Open Tennis Grass Courts

Move from Grass to Melbourne

After more than 80 years playing on grass, and with the backing of the Australian government, the Open said goodbye to the surface and antiquated Kooyong Tennis Club that hosted so many tournaments. In 1988, the tournament was moved to Flinders Park, which was later renamed Melbourne Park. The grass was replaced by a hard surface and eventually the blue court the Aussie Open is known for today.

Mats Wilander is the only tennis player to win the Australian Open on both grass and hard surfaces.

Aperol Spritz Drink Australia Open Traditions

The Aperol Spritz

The iconic drink of the Australian open is the Aperol Spritz. You’ll need:

  • Ice
  • 3 ounces Aperol
  • 3 ounces dry Prosecco
  • 1 ounce club soda or unflavored sparkling water
  • Orange slice, for garnish

To make:

  1. Add ice to a wine glass until it is nearly full. Pour in the Aperol about 1/3 full.
  2. Pour in an equal amount of Prosecco. Top your drink off with a splash of club soda and add a slice of orange. Enjoy!

2023 Tennis Grand Slam Calendar

Just like in golf, the 2023 tennis grand slam consists of four major tournaments.

Australian Open Tennis Odds

Australian Open

2023 Dates: January 15 to January 29, 2023
Location: Melbourne Park, Australia
Surface: Hard Court
Defending Champs: Rafael Nadal and Ashleigh Barty

French Open

2023 Dates: May 28 to June 11, 2023
Location: Paris, France
Surface: Clay
Defending Champs: Rafael Nadal and Iga Swiatek

Ashleigh Barty salutes crowd


2023 Dates: July 3 to July 16, 2023
Location: London, United Kingdom
Surface: Grass
Defending Champs: Novak Djokovic and Elena Rybakina

U.S. Open

2023 Dates: August 29 – September 11
Location: New York City, New York
Surface: Hard Court
Defending Champs: Carlos Alcaraz and Iga Swiatek

Australian Open Odds FAQs

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