Australian Open 2023 Betting Odds & Tips
Last Updated: 6 Jan 2023The Australian Open attracts the very best tennis players to Melbourne every January to compete for the first Grand Slam tennis tournament of the season.
On this page, you'll find everything you need to know about Australian Open betting, from expert tips to insider advice on finding the very best Australian Open odds at the best betting sites.
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Australian Open Betting Tips
2023 Australian Open Odds
Tennis punters love the opportunity to predict who will win the men’s and women’s events at the Open. With so many matches in the tournament, it can be hard to keep track of each player's odds as they change, so the Gambling.com team has done the hard work for you.
Check out the tables below to get up to date men's and women's Australian Open odds.
Who’s the Favourite for the Australian Open?
By looking at the Australian Open betting odds, we can see that there are some clear favourites who stand out from the rest of the competition.
In the men’s tournament, Novak Djokovic currently leads the way, with bet365 offering odds of 11/10 to make history and secure his 10th Australian Open final title. The joint second favourites are Carlos Alcaraz and Daniil Medvedev at 5/1.
For the women’s tournament, Ladbrokes has Iga Swiatek as the most likely winner, with odds of 13/8. The next two favourites to win are Caroline Garcia and Aryna Sabalenka at 12/1.
2023 Australian Open Betting Tips
While you are never guaranteed a win when betting on the Australian Open, there some key tennis betting tips that will increase your chances of success. Before we get into them, Its important for anyone using our easy to follow tennis betting tips to remember to always gamble responsibly.
- Don’t Bet Blindly on the Favourites: When you start building your betting slip, you'll notice each game has a favourite to win. Some bettors will decide to combine lots of favourites for an Australian Open multi bet on the first round matches. However, these multi bets rarely win as there are often upsets in the early stages of the tournament. This is especially true for the Australian Open because it’s hard to judge the form of each player at the start of the new season.
- Make Sure You’re Getting Betting Value Every Time: It’s important to always consider tennis betting odds as well as your own opinion. If an Australian Open betting site is offering 1/1 (evens) on a player winning their match, it implies there's is a 50% chance they'll win. If you feel as though they’re the likely winner, this would be perceived betting value and you might go ahead and back them. It might be that you back a player at 3/1 who narrowly loses but you’ve still found value in your selection. If you know your tennis and keep looking for the best Australian Open odds, you'll increase your chances of winning.
- Consider Your Australian Open Betting Bankroll: Each Australian Open lasts two weeks. That means you have 14 days of back-to-back betting opportunities ahead of you. Before you start betting, consider how much you're going to gamble on the tournament overall. We’re always keen to back winners, but we all must consider our budget and what we're willing to lose. It's also key to plan whether or not you’re going to be betting on individual matches, placing tennis multis or focusing more on outright bets.
- Don’t Get Greedy With Your Tennis Multis: A tennis multi can be tremendous fun. There are lots of matches and the temptation is often to add a lot of players when filling out a bet slip in the hope of landing a bumper return. The reality is, however, you don’t get many winning 10-folds. It might be better to trim down the shortlist and give yourself a better chance of a profit. You should always feel confident that each player you select will win.
- Consider a Total Games Bet Instead of Match Winner: You don’t always have to predict the winner of every Australian Open tennis match. It can often be better to consider an alternative two-way betting market in the form of Total Games. This simply means that you bet Over or Under a certain number of games being played. A close five-setter will reward Over backers and a one-sided clash is likely to see Under settled as the winner instead.
- Look at Previous Australian Open and Grand Slam Performances: Ultimately, we want to get a feel for the players who are going to perform well over the Australian Open fortnight. It’s worth looking at previous Australian Open tournaments to see who has gone deep in Melbourne before. You can also check out the Grand Slams from the previous year, particularly the US Open - which is played on a similar surface. We want to find the most in-form hardcourt players when betting on the Australian Open.
Our Favourite 2023 Australian Open Betting Sites
At Gambling.com our team of sports betting experts has analysed the best bookmakers and new betting sites to help you find the best option for you. These trusted Australian Open betting sites have passed our review criteria and have been judged to deliver a fantastic betting experience. They have excellent Aus Open odds, various betting markets, and convenient mobile apps.
bet365 Australian Open Betting
bet365 is an award-winning bookmaker founded in 2000. The company offers excellent action for punters, including cash out, tennis live streaming, competitive odds for Australian Open matches, and the ability to combine up to 12 selections in a same game multi. At bet365 you can bet on an extensive range of outright, pre-match, and live betting markets, including Handicaps, Totals, Sets, Set Scores, Doubles, Aces, and Double Fault Totals.
A popular bet365 feature is its boosted tennis accumulator, with 5-70% extra payouts available for multi bets with at least two legs in the Match Winner, First Set Winner, or Set markets. Picking two winners rewards an extra 5%, while a successful 14-fold multi receives the maximum 70% bonus.
Betfair Australian Open Betting
Betfair is a large betting exchange available in Australia and licensed in the Northern Territory. The Betfair Exchange has generous Aus Open odds and a fair choice of tennis matches with back or lay options. This setup is different to traditional bookies and can take some time to learn if you’re new.
Tennis betting aficionados will appreciate reduced commissions, the ability to back or lay different match outcomes, and market information showing how much money people are betting on each selection. Betfair also offers expert Australian Open tennis betting tips for free in the Betfair Hub, with match previews, insights, and historical information to help with your betting strategy.
The Top Australian Open Betting Apps
Thanks to advances in technology, mobile betting apps have become a popular way to bet on tennis. These applications are professionally developed and provide users with a safe sports betting platform with the latest security technology.
You can use local payment options, and enjoy one-click access to the best tennis betting events, cash out and live streaming from the palm of your hand. The best Aus Open betting apps are lightning fast, with clean layouts, intuitive buttons, and easy-to-navigate menus that deliver a smooth betting experience. We've found bet365 and Ladbrokes all offer an excellent betting app service.
There are many Aus Open betting markets to play with during the tournament. While most fans are familiar with common options, like Match Winner markets, we decided to prepare a list of unique markets to bet on at the top Australian Open sports betting sites.
- Set Betting: Betting on sets in a tennis match is one of the most popular Australian Open bets. These markets focus on individual sets, and you can bet on both players. There are multiple markets, including set score, winner, totals, race to, and set handicaps. Set bets can be placed before the match or live in-play, providing the chance for tactical live punters to secure the best odds.
- Player To: The Player To betting market allows you to pick if a certain player will win a set, win from behind, or win the match in straight sets. These options are available for both players, and there are low to high-ri betting opportunities, providing low and high payouts at Australian Open betting sites.
- Same Game Multi: Same game multis allow you to bet on Australian Open events, and combine different outcomes from the same tennis match to boost payouts. You can combine Winner, Totals, Sets, Player Specials, Faults, Handicaps, Set Score, and other options in the same game.
- Ace Totals: There are some interesting Australian Open bets in the Ace Totals markets. Bookies provide alternative lines for how many ace serves each player will deliver, and the total match count. This market can be excellent for punters who know their tennis, and understand which matchups will result in more aces.
- Set 2 Race To 5: A popular live bet on Australian Open events is the Set 2 Race to 5. To win the bet, you must successfully predict which player will reach 5 games in the second set. Due to the fast-paced point system in tennis, the Aus Open odds can fluctuate, allowing live bettors to benefit by securing the best payouts at the right time.
How to Bet on Australian Open Tennis
The Australian Open spans a fortnight with five separate competitions running concurrently - men's singles, women's singles, men's doubles, women's doubles and mixed doubles. Because of this variety, there are lots of different ways to bet on the Australian Open through the best tennis betting sites. We’ve outlined some of our favorites below.
Outright Betting
Many customers want to bet on the Australian Open outright markets. Betting on the winner of the men’s singles and women’s singles events is always popular with tennis punters who also appreciate the chance to bet each way on their selections. There might also be the chance to bet on the two finalists along with a player to win a certain quarter of his or her draw.
Pre-Match Betting
Top tennis betting bookmakers will offer a wide range of pre-match betting markets for every Australian Open game. Naturally, you can bet on a player to beat their opponent, although there are lots of alternatives such as Total Games 2-Way, Tennis Set Betting and First Set Score. Some customers like to combine Match Result and Total Games selections to leverage a bigger price.
Tennis Bet Builder
Many Australian Open bookmakers now allow you to place a Bet Builder or Same-Game Multi on an individual match you want to bet on. This is fantastic for those who want the bigger prices that come with tennis multi bets, without having to keep track of multiple matches. Simply select and combine markets and load up a bet slip until you’re happy with the selections and the overall price.
Tennis Multi Bets
There's a lot of action in the first few rounds of Australian Open men’s singles and women’s singles competitions with many matches taking place. It's an ideal opportunity to place standard tennis multi-bets, especially if you want to combine a number of favourites. The Australian Open tennis coupon is bulging with match odds in the first week and you can try to generate a big return from a small stake by placing a tennis multi.
The History of the Australian Open
In 1905, the Lawn Tennis Association of Australia created the Australasian Championships, to bring together domestic tennis tournaments in the region. The first match took place in Melbourne in November 1905. In 1927, the competition was renamed the Australian Championships, before finally being changed to the Australian Open in 1969.
The first tournament was hosted in Brisbane, before moving to Kooyong, Melbourne in 1972. After 1983, several high-profile tennis players, including John McEnroe and Mats Wilander, entered the tournament, helping boost its popularity. This led officials to move the event to a larger and more accessible venue at Melbourne Park in 1988, where the event is still held today.
With a January start date, the Open is the first grand slam tennis event for the year and an eye-opener for sports bettors looking to see how each player is performing. Savvy punters will look to see who wins the Australian Open final and how others performed, to develop a tennis betting strategy for other grand slam events.
With over 117 years of history, and recent crowd numbers approaching one million visitors, the Open is one of Melbourne’s premier sporting events and delivers two weeks of non-stop tennis action. The current record holders are Novak Djokovic, with nine men’s single title wins, and Margaret Court, with eleven women’s titles in her career.
Past Winners of the Australian Open
Over the course of the Australian Open, men and women compete to go down in tennis history. At Gambling.com we understand the importance of tournament history and have prepared a list of previous final winners to help you form your own Aus Open betting strategy.
Men’s Winners
The table below shows the previous 10 Australian Open men’s winners. It’s amazing to see one player dominate such a large tournament consistently, but with six title wins in the last 10 years, it's easy to see why Djokovic is the hot favourite at the best Australian Open betting sites this year.
Women’s Winners
The women’s Australian Open final has produced a large list of winners, with eight ladies winning the title over the last 10 years. In recent times, Naomi Osaka has been the most successful player, with two title wins since 2019. Interestingly, none of the current top three favourites has previously won the singles title.
Where To Watch the Australian Open
Watching live tennis is the best way to enjoy the action from home, and can help you find opportunities to place in-play Australian Open bets. The most convenient option for sports bettors is to sign up with a bookie that offers live streaming. bet365 has top quality Grand Slam streams. After signing up for an account and making a deposit, you can start watching live tennis matches.
Tuning in to local TV is another convenient option, and you can find tournament coverage exclusively on Channel 9. The next best options include paid entertainment services including Stan Sports, YouTube TV, Hulu, Fox Sports, Amazon Prime, ESPN+, FuboTV, Sky, Eurosport, and BeIn Sports.
2023 Australian Open Schedule
Following the tournament schedule can help you to organise your Australian Open betting strategy and be prepared for each stage of the event. There are lots of matches in different categories and rounds, and you can follow the schedule below to stay on track.
- First Rounds – Monday January 16th – Tuesday January 17th 2023
- Second Rounds – Wednesday 18th January - Thursday 19th January 2023
- Third Rounds – Friday January 20th – Saturday 21st January 2023
- Fourth Rounds – Sunday 22nd January – Monday 23rd January 2023
- Quarterfinals – Tuesday 24th January – Wednesday 25th January 2023
- Women’s Semifinal – Thursday 26th January 2023
- Men’s Semifinal – Thursday 26th January 2023
- Women’s Final – Saturday 28th January 2023
- Men’s Final - Sunday 29th January 2023
2023 Australian Open Betting - Key Takeaways
In January, the world’s top tennis players will compete for their share of $75 million in prize money at the 2023 Australian Open. Each player will bring their A game, as they aim to start the year with a title win. It’s the first Grand Slam event on the calendar, and highly anticipated by the top sports betting sites and their customers.
By picking Australian Open Betting Sites, you can access competitive Australian Open odds, diverse betting markets, and daily live tennis streams.
FAQ
In 2022, the men’s Australian Open final winner was Rafael Nadal, who triumphed over Daniil Medvedev in a tiring five set marathon. The women’s tournament final saw Ashleigh Barty defeat Danielle Collins in a straight two set victory. Thanasi Kokkinakis and Nick Kyrgios won the Men's Doubles title, and Barbora Krejcikova and Katerina Siniakova won the Women's Doubles.
The Australian Open is an annual grand slam tennis event scheduled for January. The 2023 event begins at 11am Monday 16th of January, and there are daily matches across the two week roster, which ends on Sunday 29th of January.
The number of sets in Australian Open tennis matches is different in the men’s and women’s events. Males compete in a five set system, which requires winning the best of three sets. While there are three sets in the women’s and doubles tennis matches at the Open.
Novak Djokovic is free to play in the 2023 Australian Open after the government lifted a previous immigration ban that restricted him from entering the country for three years. He famously missed the 2022 event after being deported due to his COVID vaccination status.
The Australian Open features one of the biggest prize pools on the tennis circuit, and the 2022 event had a $75,000,000 prize pool, with $2,875,000 for the men’s winner, and $1,575,000 to the runner up. Over the last 20 years, the prize money has constantly increased, so 2023 looks to be a new record.
