Grand Slam tennis is finally back with the 2024 Australian Open.
The first major of the new year is now down to the finals at Melbourne Park, with upsets in the semis rocking both the men's and women's brackets.
Jannik Sinner denied Novak Djokovic yet another shot at a major title, becoming the favorite over Daniil Medvedev, while Qinwen Zheng will look to topple massive fave Aryna Sabalenka on the women's side.
Here are the latest odds to win the 2024 Australian Open.
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Odds to win Australian Open Men's Singles
| Player |  |
|
|---|---|---|
| Jannik Sinner | -250 | -245 |
| Daniil Medvedev | +200 | +200 |
Odds as of January 26, 2024.
Favorites to win the 2024 Australian Open Men's Championship
1/26/2024: Jannik Sinner's hot streak continued, toppling top-seeded Novak Djokovic. With the defending champ and favorite falling, Sinner becomes the -250 favorite for the final, with Daniil Medvedev rallying for a four-set victory over Alexander Zverev in the other semi.
Previous Australian Open Men's action
1/24/2024: While odds-on favorite Novak Djokovic (-135) continues to handle business, Alexander Zverev (now +800) stirred the pot with a shocking upset victory over No. 2-seeded Carlos Alcaraz. The red-hot Jannik Sinner moves into the board's No. 2 spot at 3/1 but has to take down Joker to earn a spot in the final.
1/20/2024: Holger Rune (+2,500) was sent packing in embarrassing fashion by Arthur Cazaux in the second round, making the path to the final that much easier for the likes of Novak Djokovic and Carlos Alcaraz. The latter saw a noticeable reduction in odds from +330 to +300 at DraftKings. Jannik Sinner has also shortened up by 1-2 points after making it to the fourth round.
1/16/2024: The men's draw has kicked off and there's not much to report in terms of odds movement as all of the key favorites cruised to first-round victories. Djokovic remains the solo favorite at +100 and plays his second-round matchup against Alexei Popyrin on Thursday.
1/8/2024: News broke on Sunday that two-time Aussie Open winner Rafael Nadal was pulling out due to a muscle tear in his hip. As a result, Alexander Zverev has shortened from +2,800 to +2,500 and Holger Rune has done the same from +3,500 to as short as +2,200 at bet365. The Top 3 of Djokovic, Alcaraz, and Sinner remain unchanged.
1/4/2024: As the tournament approaches, Novak Djokovic's odds continue to shorten — they even jumped the even-money fence at bet365 before returning to +110. Alcaraz moved from +275 to 330 at both bet365 and DraftKings while Sinner rounds out the Top 3 at +650 after being as high as +1,400 last month.
12/7/2023: FanDuel was ahead of the market in more ways than one in November, pricing Daniil Medvedev (+750), Stefanos Tsitsipas (+4,500), and Nick Kyrgios (+6,000) more aggressively than others, but the competition has caught up and made appropriate adjustments. You can still get market-best odds on tourney favorite Novak Djokovic (+110) at FanDuel, as well as new third-choice Jannik Sinner — who's at +650 after being as high as +1,400 last month — and the displaced Medvedev. However, if you're looking to wager on Carlos Alcaraz, you're best served heading to either bet365 or DraftKings at +275 rather than +220.
11/25/2023: The market is in agreement on Novak Djokovic as the +110 betting choice, and practically aligned on second choice Carlos Alcaraz at +240 to +250. But the similarities end with Daniil Medvedev available at anywhere from +400 to +700 as the third choice. FanDuel is offering incredible bargains down the board on the likes of Stefanos Tsitsipas (+4,500) and Nick Kyrgios (+6,000).
10/19/2023: The importance of shopping around before placing your bets is clear when scanning the men's side of the 2024 Australian Open odds board. While FanDuel is hanging low numbers on favorites Novak Djokovic (+100) and Carlos Alcaraz (+190), they're also quite generous when it comes to dark horses like Holger Rune (+2,300), Casper Ruud (+2,700), and Alexander Zverev (+3,500). bet365 is your best bet if you want to back one of the Top 2.
9/12/2023: Novak Djokovic (+125) is fresh off his fourth career U.S. Open triumph, and 24th Grand Slam title. Of those 24 Grand Slams, a staggering 10 have been earned at Melbourne Park, so he is a deserving favorite ahead of the 2024 Australian Open. Carlos Alcaraz (+225), who defeated Djokovic at Wimbledon earlier in 2023, is the consensus second-choice in the betting. Holding as a clear-cut third-choice is Daniil Medvedev (+450), whom "Djoker" defeated in straight sets in the 2023 U.S. Open.
Australian Open Men's Singles odds movement over time
Odds to win Australian Open Women's Singles
| Player | |
|
|---|---|---|
| Aryna Sabalenka | -600 | -600 |
| Qinwen Zheng | +450 | +425 |
Odds as of January 26, 2024.
Favorites to win the 2024 Australian Open Women's Championship
1/25/2024: The Thursday morning semifinal affair between Aryna Sabalenka and Coco Cauff felt very much like a final, and it was the defending champ who ultimately came out on top in a 7-6, 6-4 victory. Sabalenka (now -500) has yet to drop a set and can complete the title defense with a win over Qinwen Zheng (+400) in the final on Saturday,
Previous Australian Open Women's action
1/24/2024: The women's draw is all about Thursday's semifinal matchup between Aryna Sabalenka (-150) and Coco Gauff (+250). Gauff sat atop this board as recently as two days ago but looked vulnerable in her quarterfinal win over Marta Kostyuk.
1/20/2024: There's been no shortage of excitement on the women's side, with Elena Rybakina losing to Anna Blinkova in the second round via a 42-point tiebreak before Iga Swiatek was defeated by 19-year-old Linda Noskova in the third round. Not surprisingly, Coco Gauff has come down considerably in price as she's yet to drop a set. Aryna Sabalenka has been just as dominant as has seen similar movement.
1/16/2024: With Swiatek, Sabalenka, and Rybakina all handling their opening-round matchups in straight sets, the dynamite Top 3 remains the same. However, Coco Gauff has joined them in that top tier after dominating her first-round opponent 6-3, 6-0. Her odds have shortened from +800 to +400 at bet365.
1/8/2024: The biggest shift over the last week is the tightening between Sabalenka and Rybakina in the No. 2 and No. 3 spots after Rybakina beat her in the Brisbane International Final on Sunday. That moved Rybakina from +800 to +550 while Sabalanka moved from +450 to +550 herself. Swiatek continues to hold down the top spot at +240.
1/4/2024: While the Top 3 of Swiatek, Sabalenka, and Rybakina remain stable, Coco Gauff and Naomi Osaka have seen some movement over the last two weeks to round out the Top 5. Gauff has moved from +900 to as short as +750 while Osaka moves back to the 15/1 range after shortening to 11/1 back in December.
12/20/23: The biggest mover on the women's side is Naomi Osaka, who shot up the board and into the Top 5 with odds of 11/1 at bet365 and 12/1 at DraftKings. Otherwise, the Top 3 of Swiatek (+275), Sabalenka (+450), and Rybakina (+700) remained unchanged.
12/7/2023: Betting action on the women's side of this tourney has been all over the place in the past two weeks. DraftKings saw fit to raise Iga Swiatek from +260 to a market-best +330, while bet365 shortened her odds from +300 to +275, and FanDuel stood pat at +290. Accordingly, DraftKings lowered their offerings on Aryna Sabalenka (+450 to +400), Elena Rybakina (+700 to +600), and Coco Gauff (+1,000 to +900), among others, while FanDuel and bet365 mostly held firm. FanDuel boasts the best odds on both Sabalenka (+480) and Rybakina (+700).
1/25/2023: Iga Swiatek (+300), Aryna Sabalenka (+480), and Elena Rybakina (+700) have created a little separation from the pack in the Australian Open wagering. Their best prices are available at three different sites, so be sure to shop around if you're wagering on any of the logical choices. Like on the men's side, FanDuel has posted the best value on most of the bottom half of the Top 10.
10/19/2023: Iga Swiatek (+300) is still favored to capture her first career Australian Open, and has seen little odds movement in the first month-plus following the conclusion of the U.S. Open and tennis grand slam season. The market has consolidated a bit and has arrived at a consensus Top 5 of Swiatek, Aryna Sabalenka (+450), Elena Rybakina (+700), Coco Gauff (+1,000), and Jessica Pegula (+1,200), in that order. Of the quintet, only Sabalenka has previously won Down Under.
9/12/2023: Despite being eliminated before the semifinals in both Wimbledon and the U.S. Open to end the 2023 Grand Slam season, Iga Swiatek (+300) is the early favorite Down Under. The three-time French Open champion has never won it all at Melbourne Park. Aryna Sabalenka (+500) may have come up short in the semis in New York, but she did take over the No. 1 ranking in 2023 on the strength of at least a semifinal finish in all four Grand Slams. The defending Aussie Open champ could be the best value bet on the board as second choice.
Australian Open Women's Singles odds movement over time
Previous Australian Open Singles Champions
| Year | Men's Champion | Women's Champion |
|---|---|---|
| 2023 | Novak Djokovic | Aryna Sabalenka |
| 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 |
How to Bet on Australian Open Tennis Odds
Tennis betting is most commonly done with moneyline odds for a match. Each player is assigned a moneyline price and bettors can wager on which one they think will win. Sportsbooks also offer futures odds for each tournament in which you can bet on which player will win that specific tournament.
Tennis futures odds usually look like this:
- Player A +600
This means that on a $100 bet, you'll stand to win $600 if Player A wins the tournament. If it's close to the end of a tournament or one player has been particularly dominant, you might see someone with a minus sign (-) ahead of their odds:
- Player B -120
This means that you would need to wager $120 to win $100 on Player B winning the tournament.
Above we have posted the American odds for the US Open. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.
Popular tennis futures markets
Australian Open FAQ
Novak Djokovic and Iga Swiatek are the Australian Open betting favorites.
The defending champions are Novak Djokovic (men's) and Aryna Sabalenka (women's).
The Australian Open will be held at Melbourne Park in Melbourne, Australia.
