The Australian Open 2023 – Tennis Betting Odds, Tips & News

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Last Updated on: 23.03.2023

The Australian Open marks the first tournament of the ATP calendar year, with the heat and magic of Melbourne Park inspiring players to rise to the occasion. In this article we run through the latest odds, as well as top tips and the best sites for Australian Open betting.

Tournament Structure for the Australian Open

  • The Australian Open follows the traditional Grand Slam structure, involving seeding and qualification. A qualifying competition takes place beforehand to determine which players take part. A total of 128 players participate in the singles tournament, and 65 pairs compete in the double’s tournament.
  • After the qualifiers, the first round of matches begins. These are standard knockout rounds with losing players eliminated from the tournament. The second week of the tournament is when we witness the quarter-finals and semi-finals, before the finals bring the tournament to a close. The women’s doubles final is scheduled for Friday, the female’s single final on Saturday, and both the men’s singles and doubles competitions on Sunday.
  • All matches take place on a hard court, with the final taking place at the Rod Laver Arena, which has a capacity for about 15,000 people.
  • The prize money for the male and female tournaments are equal. The winner takes home £2,092,098, while the runner-up takes home slightly more than half that - £1,048,588. As for the doubles' competition, the winners claim £385,921 and the runners up get £192,960.

Best Betting Sites for Australian Open Betting

William Hill
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  • Apps available across iOS and Android
  • Extensive selection of betting markets

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  • Free livestreams for the Australian Open
  • Great Australian Open promotions
  • Bet £10 get £50 in Bet Credits as welcome offer

18+ - Offer for new customers at bet365. Min deposit requirement. Free Bets are paid as Bet Credits and are available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. Time limits and Full T&Cs apply. #ad

  • Best Australia Open betting odds
  • Great customer support including live chat
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  • Great tennis livestreams
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Australian Open Betting Odds, Promotions, Tips & Predictions 2023

Australian Open Betting Odds 2023

The Australian Open 2023 is currently set to kick off on the 16th January and end on the 29th. We have a full raft of Australian Open odds to share with you, so let’s see who the favourites and underdogs are for the men’s and women’s tournaments.

Australian Open 2023 – Men’s Winner Odds

Novak Djokovic6/5bet365
Carlos Alcaraz4/1William Hill
Daniil Medvedev4/1888sport
Rafael Nadal8/1Betway
Nick Kyrgios12/1Paddy Power
Jannik Sinner12/1Betfair
Holger Rune16/1bet365
Stefanos Tsitsipas16/1BetVictor
Felix Auger-Aliassime20/1William Hill
Alexander Zverev22/1Unibet
Andrey Rublev29/1888sport
Dominic Thiem40/1Betfred
Matteo Berrettini40/1Betfred
Taylor Fritz50/1Betfair
Hubert Hurkacz50/1Ladbrokes

Australian Open 2023 – Women’s Winner Odds

Iga Świątek 7/4Paddy Power
Ons Jabeur11/1Coral
Naomi Osaka11/1Betfair
Aryna Sabalenka12/1William Hill
Caroline Garcia12/1Paddy Power
Coco Gauff14/1BoyleSports
Jessica Pegula16/1Betfred
Maria Sakkari20/1Ladbrokes
Barbora Krejcikova20/110bet
Elena Rybakina20/1Unibet
Liudmila Samasonova20/1bet365
Emma Raducanu25/1Paddy Power
Bianca Andreescu33/1BoyleSports
Belinda Bencic33/1Parimatch
Paula Badosa33/1Betfred

Australian Open Betting Tips & Predictions 2023

After missing out on defending his Australian Open title in 2022, Novak Djokovic is set to return to Melbourne after having his three-year VISA ban overturned. The 35-year-old Serbian has been the undisputed king of Melbourne for the best part of a decade, and he will be eyeing a record-extending 10th title at the Australian Open. Of course, much will depend on how he copes with a vociferous partisan crowd, but he has thrived in the past in hostile atmospheres. He was in terrific form at the end of 2022, winning three tournaments, including the ATP Tour Finals, and he could justify his 6/5 price tag with the bookmakers, who have made him the overwhelming favourite to win the 2023 Australian Open.

Meanwhile, Carlos Alcaraz knows all too well that he has become the hunted, and it remains to be seen how long he will stay at the summit of the men’s game. He produced his breakthrough moment at the US Open, and is extremely exciting to watch in terms of court coverage, and the way he transitions from defence into attack. The Spaniard may be available at a short-looking 4/1 with most bookmakers to collect his second Slam title, but he could fall short, and he could tumble out in the semi-finals.

Alternatively, you might like the look of Alcaraz’s compatriot Rafael Nadal. Currently, Nadal is the defending champion, but success in Melbourne hasn’t come easily to him compared to other Slams, as he has only triumphed twice on Australian soil. He may have slid off the pace towards the end of 2022, but we all know that Nadal is one of the fiercest competitors on the Tour. Despite being priced at 8/1, he could well reach the Final once again, but stumble against long-term rival Djokovic.

Usually, the women’s tournament is quite open, but Iga Świątek is the stand-out name in the draw. The Pole — who is a three-times Grand Slam champion — boasted a 21-2 record against the top 20 in 2022, and at one point, she wore the cloak of invincibility as she embarked on a 37-match win streak to tie Martina Hingis’ record that dated back to 1997. Świątek played some majestic tennis, and she could well catch fire in 2023. Although a semi-final appearance in 2022 represents her best run in Melbourne, she could add the Australian Open title to her growing Slam collection. She’s currently available at 7/4 with most leading bookmakers, and she could step into the winner’s circle.

In contrast, Ons Jabeur has been a late bloomer, though she could well be worth paying attention to. The year 2022 heralded two Grand Slam finalists, and she will go toe-to-toe from the baseline with anyone. She has great variety, and could be a force to contend with. At 11/1, she’s fairly priced, and it would be a surprise if she didn’t get to the last four.

If you are looking for value elsewhere, then you may wish to take a closer look at Coco Gauff. The American has enjoyed a meteoric rise over the past couple of years, being able to mix it with the best. She’s fabulous on return, and has huge groundstrokes that make her a handful for any opponent. In 2020, Gauff reached the last 16 at the Australian Open, and while she’s at an intriguing 14/1 with most bookmakers to lift the trophy, this tournament will fuel the belief that a Slam title isn’t far away for her.

Australian Open Betting Promotions 2023

  • You can bolster your Australian Open tennis betting experience at William Hill with their welcome offer, where newly registered punters will receive £30 in free bets when they bet £10.
  • Another good welcome bonus to consider is that of bet365, where new customers can get their hands on £50 in free bets when they wager £10.

5 Reasons to Bet on the Australian Open

  • Players bring their best game - The Australian Open is always fiercely contested, especially as it is the season’s first Grand Slam!
  • It’s nicknamed “The Happy Slam” - The Australian Open is set in one of the most beautiful cities in the world, emitting a uniquely positive energy.
  • The tournament attracts large crowds - Nearly 350,000 fans attended the Australian Open in 2022, with the Rod Laver Court holding up to 20,000 spectators.
  • Legends are made – When you watch the Australian Open, the legends of the game have left their mark, such as Roger Federer and Serena Williams. It is a tournament that is steeped in history.
  • Expect long matches– There’s always bound to be an epic match at the Australian Open. The 2012 duel between Rafael Nadal and Novak Djokovic was a titanic clash that lasted just shy of six hours!

Popular Australian Open Betting Markets

There are many ways to bet on the Australian Open Tennis Grand Slam, and many online bookmakers to bet with too. With so many Australian Open betting markets to take advantage of, there are a ton of ways to enjoy this fascinating major tournament that kicks off the calendar year. Below, we have outlined a small taster of some of the many ways to bet on this mega tennis event.

Australian Open Outright Betting

Predict the winner of the Australian Open through the outright winner market. This is available before and during the tournament, though keep in mind that odds will fluctuate more quickly and sharply as the tournament goes on. As more players are knocked out, the favourites become more apparent. Big events – such as, for example, number 1 favourite Novak Djokovic crashing out early on – will lead to a substantial drop in odds for other players. The key is to spot value and jump in at the right moment.

Match Betting

On a more day-to-day basis, match betting is the market most used. This is a simple prediction about who will win the match, and is also available pre- and in-play. During the first week, you’re unlikely to find value backing the top players, since they’re heavy favourites. However, there’s still a lot of opportunity to take advantage of similarly matched players. In the second week, many big hitters face each other, and matches become harder to call on paper, which is a plus in terms of the odds.

Set Betting

Set betting is a wager on how many sets will take place during a match. A minimum of three sets is required, since the first player to three sets is declared the winner of the match. The maximum possible amount of sets is therefore five, resulting in a 3-2 win to the victorious player.

There are a number of ways to bet on sets. You could wager on which player will win a specific set, such as Rafa Nadal to win the first.

You could bet on the match result and total sets, such as Roger Federer to win in straight sets (3-0) or to win while simultaneously dropping a set (3-1 or 3-2).  This is a common strategy used to boost the odds of a favourite.

It’s also possible to bet on the number of sets without picking a winner, too, such as five sets to take place in a match between Novak Djokovic and Dominic Thiem. Similarly, you can wager on over or under three sets to take place in that match, or both players to win a set. As you can see, there are loads of possibilities within this market.

Total Games Over/Under Betting

An alternative to set betting is betting on matches. The most common way to do this is by wagering on over/under the total amount of games. In theory, the closer the quality between two players, the more games we should witness. By the same token, if there’s a gulf in quality, the under option is usually the way to go.

History of the Australian Open

Formerly known as the Australasian Championships and later the Australian Championships, the history of the Australian Open dates to 1905, when the first male-contested tournament was held at the Warehouseman’s Cricket Ground in Melbourne. The female’s tournament duly followed 17 years later in 1922, and both competitions took place on grass courts until 1988.

Since then, three different types of hardcourt surfaces have been used. By 1969, the tournament had been renamed for a third time when it took its modern title the Australian Open. Due to a shift in the Australian Open draw, there were two tournaments in 1977 when the event was scheduled for December, having already been held 11 months earlier. The event continued to be held in the year’s 12th month until 1987, when it was moved back to January where it remains to this day.

Prior to 1972, the Australian Open moved around a range of different cities – five in Australia and two in New Zealand, the most iconic of which was the 1912 renewal. It was routinely organised in Melbourne, but Sydney, Adelaide, Brisbane, Perth, Christchurch, and Hastings all took turns hosting the iconic event. Eventually, it was decided that the Australian Open would have a permanent home, and Melbourne was selected since it received the biggest support over the years.

Nadal was crowned the men’s champion last year when he overcame Daniil Medvedev in five pulsating sets. The Spaniard mounted a stunning comeback, displaying great mental fortitude from two sets to love down to prevail in five hours and 24 minutes. The victory heralded his 21st Grand Slam — a record in the modern era. Nadal also became one of three men aged 35 or over along with Roger Federer and Ken Rosewall to have won the Australian Open.

Meanwhile, Ash Barty made history as she become the first home winner of the Australian Open in 44 years. Barty beat American Danielle Collins in straight sets, and before she announced her shock retirement at the age of 25, Barty was the only other active player at the time in the game along with Serena Williams to win Grand Slam titles on three different surfaces.

Recent Australian Open Women’s Winners

2022Ashleigh BartyAustraliaDanielle Collins
2021Naomi OsakaJapanJennifer Brady
2020Sofia KeninUnited StatesGarbiñe Muguruza
2019Naomi OsakaJapanPetra Kvitová
2018Caroline WozniackiDenmarkSimona Halep
2017Serena WilliamsUnited StatesVenus Williams
2016Angelique KerberGermanySerena Williams
2015Serena WilliamsUnited StatesMaria Sharapova
2014Li NaChinaDominika Cibulková
2013 Victoria AzarenkaBelarusLi Na
2012Victoria AzarenkaBelarusMaria Sharapova

Recent Australian Open Men’s Winners

2022Rafael NadalSpainDaniil Medvedev
2021Novak DjokovicSerbiaDaniil Medvedev
2020Novak DjokovicSerbiaDominic Thiem
2019Novak DjokovicSerbiaRafael Nadal
2018Roger FedererSwitzerlandMarin Čilić
2017Roger FedererSwitzerlandRafael Nadal
2016Novak DjokovicSerbiaAndy Murray
2015Novak DjokovicSerbiaAndy Murray
2014Stan WawrinkaSwitzerlandRafael Nadal
2013Novak DjokovicSerbiaAndy Murray
2012Novak DjokovicSerbiaRafael Nadal

Upcoming Sporting Events

Australian Open Key Stats

  • With nine tournament wins each, Novak Djokovic is the most successful men’s player in this event.
  • On the women’s tour, Margaret Court is the most successful player with 11 wins.
  • Ken Rosewall is the youngest ever men’s champion, winning at the age of 18 years and 2 months in 1953.
  • Rosewall also became the oldest winner when he won the 1972 event at the age of 37 years and 8 months.
  • Martina Hingis became the youngest ever female winner after winning the 1997 Australian Open aged just 16 years and 3 months.
  • American twins Mike Bryan and Bob Ryan have amassed six men’s doubles titles — the most in the modern era.

Similar Tournaments to the Australian Open

28th May – 11th June 2023, The French Open: Taking place at Roland-Garros in Paris each summer, this is the second Grand Slam event of the year and is played on a clay surface.
3rd July – 16th July 2023, Wimbledon: The third, and oldest, of the Grand Slams, and one that follows on almost immediately after Paris at the All England Lawn Tennis Association in SW1, London.
28th Aug – 10th Sept 2023, The US Open: The final Slam of the year, held on hard courts at Flushing Meadows in New York City, USA each autumn.

Australian Open Betting FAQs

Being such a popular event, virtually every bookie will offer betting markets on the Australian Open. However, we think you’ll get the best experience with William Hill, bet365, and BetVictor.
Tennis fans and bettors can enjoy the Australia Open on Eurosport.
The 2023 Australian Open is set to commence on the 16th January.
The Australian Open takes place on a hard court.
Novak Djokovic is the most successful male Australian Open player ever, having won it nine times, while Margaret Smith Court is the most successful female Australian Open player with 11 titles to her name.
Tickets for the 2023 Australian Open can be purchased either via Ticketmaster or the official AO website, but be warned, tickets for all sessions will sell fast.
Despite initially being handed a three-year visa ban, this has reportedly been overturned, and it will enable Novak Djokovic to compete at the Australian Open 2023. The Serbian missed two Grand Slams in 2022 for his stance towards COVID-19, and he has refused to be vaccinated.

ThePuntersPage Final Say

The Australian Open is one of the most fascinating tournaments in sporting history, marking the start of the Grand Slam year and set in the boiling heat of the Australian summer. Each gruelling encounter tests contenders to the limit, and only the best prevail. History has welcomed several esteemed winners and gracious losers.

Furthermore, the Australian Open both preaches and practises equality of pay, as both men and women are paid the same amount of prize money. So sit back and enjoy a fortnight of scintillating tennis, history in the making, and sporting (and betting!) delight.