2023 Australian Open Odds: Swiatek, Djokovic Lead The Pack Down Under

The 2023 Australian Open is on the horizon as fans congregate within Melbourne in anticipation of some of the best tennis being played on the planet. The competition commences on Sunday, January 15, and wraps up on January 29.

Novak Djokovic opens as the favorite at +115 in the tennis betting markets after the Serbian’s travel ban was lifted. Newly-crowned women’s world no.1 Iga Swiatek comes into the contest as the overwhelming +160 favorite. 

Novak Djokovic Australian Open 2020
Novak Djokovic comes into Melbourne as the favorite once again after an unplanned hiatus

Odds to Win Australian Open Men’s Singles

Novak Djokovic +115

Carlos Alcaraz Garfia +600

Daniil Medvedev +800

Rafael Nadal +1,200

Nick Kyrgios +1,400

Jannik Sinner +1,600

Stefanos Tsitsipas +1,800

Holger Vitus Nodskov Rune +1,800

Felix Auger-Aliassime +1,800

Alexander Zverev +2,000

Casper Ruud +2,500

Taylor Fritz +2,800

Andrey Rublev +3,500

Dominic Thiem +5,000

Matteo Berrettini +5,000

Hubert Hurkacz +5,000

Borna Coric +6,500

Sebastian Korda +6,500

Denis Shapovalov +6,500

Jack Draper +6,500

Alex De Minaur +8,000

Brandon Nakashima +8,000

Lorenzo Musetti +8,000

Frances Tiafoe +8,000

Karen Khachanov +8,000

Cameron Norrie +8,000

Jenson Brooksby +8,000

Favorite to Win the 2023 Australian Open Men’s Championship

Novak Djokovic +115

Djokovic returns to familiar grounds after the record nine-time champion was deported in 2021 from Australia after a vaccine battle with the government. That distrubed the former no.1’s equilibrium and winning event 

This will be the Serb’s chance at redemption as he arrives in Melbourne as the favorite to claim a record 10th Australian Open title (Roy Emerson and Roger Federer each won six times and are tied for second).

Carlos Alcaraz +600

Alcaraz had a breakout year on tour as the Spainard took centre stage and claimed his first Grand Slam at the US Open. The 19-year-old supplanted former world no.1 Daniil Medvedev while also claiming 4 major ATP accolades over 2o22.

The Spanish starlett fell short to Italy’s Matteo Berrettini at the 2022 Australian Open in 5 sets after a resilient comeback – taking the 5th set to a deciding tie-break. 

Alcaraz plays some truly sublime tennis and has been tipped to follow in his hero’s footsteps Rafael Nadal. 

Rafael Nadal +1,200

The King of Clay returns to the land down under defending his fabled crown after vanqushing Russia’s Daniil Medvedev last year here in Melbourne. Nadal thrilled the globe as he put in a venerable performance to come back from 2 sets down to claim a historic victory here in Melbourne. 

Nadal’s form dwindled after the Australian Open due to a plethora of injuries and the 36-year-old burning the candle at both ends. Nadal comes into the competition at +1,200 to retain his crown.

Odds to Win Australian Open Women’s Singles

Iga Swiatek +160

Caroline Garcia +1,100

Ons Jabeur +1,200

Aryna Sabalenka +1,200

Coco Gauff +1,600

Naomi Osaka +1,600

Jessica Pegula +1,800

Maria Sakkari +2,000

Elena Rybakina +2,000

Liudmila Samsonova +2,200

Barbora Krejcikova +2,500

Paula Badosa Gilbert +2,800

Qinwen Zheng +2,800

Amanda Anisimova +2,800

Bianca Andreescu +2,800

Danielle Rose Collins +2,800

Belinda Bencic +3,500

Emma Raducanu +3,500

Jelena Ostapenko +3,500

Karolina Pliskova +4,000

Petra Kvitova +4,000

Anett Kontaveit +4,000

Madison Keys +4,000

Alycia Parks +4,000

Ekaterina Alexandrova +4,000

Garbine Muguruza +5,000

Victoria Azarenka +5,000

Daria Kasatkina +5,000

Clara Tauson +5,000

Leylah Fernandez +5,000

Petra Martic +5,000

Anastasia Pavlyuchenkova +5,000

Ajla Tomljanovic +5,000

Favorite to Win the 2023 Australian Open Women’s Championship

Iga Swiatek +160

The 21-year-old Polish powerhouse has dazzled this year after former world no.1 and defending champion Ash Barty announced a shock retirement. She won the French Open and US Open in 2022 and reached the semis of the Australian Open to kick off the year, losing to Danielle Collins in straight sets. 

Swiatek took no prisoners as she went on a phenomenal 37-match unbeaten streak and secured the WTA no.1 spot. In addition to claiming two Grand Slams last year, the Warsaw-born player claimed 7 other tournaments. It’s no surprise Swiatek is so shortly priced as the favorite.

Caroline Garcia +1,100

Garcia comes into Melbourne as the second favorite to ride into the sunset with the Aussie trophy. The French national has had mixed fortunes in 2022 after being dumped out of the first round here last year and has never reached the quarter finals. 

Nevertheless, Garcia has been punching her ticket to the top as she clinched 4 titles in 2022. She also is coming off the back of her best finish at the US Open – reaching the semi finals. 

Ons Jabeur +1,200

The 28-year-old Tunisian has a powerful baseline game and has the heart to make deep runs in major Slams. She reached the quarter finals here last year, losing to eventual winner Sofia Kenin in straight sets.

While the 28-year-old is yet to win a Grand Slam, she reached the finals in her last 2, falling short to Elena Rybakina at the 2022 Wimbledon and to Iga Swiatek at last summer’s US Open.

Previous Australian Open Singles Champions

Men’s Champions

2022 – Rafael Nadal 

2021 – Novak Djokovic 

2020 – Novak Djokovic 

2019 – Novak Djokovic 

2018 – Roger Federer 

2017 – Roger Federer 

2016 – Novak Djokovic 

2015 – Novak Djokovic 

2014 – Stan Wawrinka

2013 – Novak Djokovic 

2012 – Novak Djokovic 

Women’s Champions 

2022 – Ash Barty 

2021 – Naomi Osaka 

2020 – Sofia Kenin

2019 – Naomi Osaka 

2018 – Caroline Wozniacki 

2017 – Serena Williams 

2016 – Angelique Kerber 

2015 – Serena Williams 

2014 – Li Na 

2013 – Victoria Azarenka 

2012 – Victoria Azarenka 

How To Bet On The Australian Open 

As with many sports, tennis offers long-term betting markets called Futures Markets. This allows a bettor to predict what will happen at the end of a tournament or in a tennis event at a certain time before the event happens. Each player is assigned a moneyline price and bettors can wage on who they think will win. Tennis futures usually look like this:

Player A +160 

This means that on a $100 bet, you’ll stand to win $260 (this includes your stake) if Player A wins the tournament. If it is close to the end of the tournament or a player is an overwhelming favorite you might see a minus sign (-) ahead of their odds:

Player B -120 

This would be that you would need to wager $120 to win $100 on player B winning the tournament. 

If you’re in a regulated state that legalizes sports betting, BETUS offers a whopping 125% sign-up bonus here if you fancy ramping up the excitement.