The Australian Open is quickly approaching, marking the starting point of the 2024 tennis calendar for many tennis fans and bettors alike.
The latest: In the first major of the season, the best tennis players in the world embark on Melbourne for the Aussie Open. Novak Djokovic is the rightful men's favourite while Iga Swiatek occupies that spot for the women's draw. The biggest news surrounding the tournament, however, involves a player who won't be there.
Check out our latest Australian Open odds as of January 8.
Australian Open odds
We'll first start with the men's side, which features Djokovic and Carlos Alcaraz at the top.
| Player | Betting odds |
| Novak Djokovic | +100 |
| Carlos Alcaraz | +300 |
| Jannik Sinner | +550 |
| Daniil Medvedev | +800 |
| Alexander Zverev | +2,200 |
| Holger Rune | +2,800 |
| Stefanos Tsitsipas | +3,500 |
| Girgor Dimitrov | +4,000 |
| Alex De Minaur | +5,000 |
| Andrey Rublev | +6,000 |
| Ben Shelton | +6,600 |
| Casper Ruud | +6,600 |
| Hubert Hurkacz | +7,000 |
| Frances Tiafoe | +12,000 |
| Sebastian Korda | +12,000 |
| Taylor Fritz | +12,000 |
Tennis odds as of 4:58 p.m. on 01/08/2024.
Best men's Australian Open odds
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The favourite: Novak Djokovic (+100)
Nobody's surprised to see Djokovic sitting atop the Australian Open odds leaderboard.
The Serbian is coming off a 2023 performance where he won three of four Grand Slam titles, including this very tournament.
Djokovic has an extensive track record of success in Melbourne. He's won four of the last five championships and 10 overall throughout his illustrious career.
There was some concern surrounding Djokovic's status for the event as he sustained a wrist injury at the United Cup. He does seem to be fine, however, and will likely be unbothered by it for the tournament.
Men's notes
- Rafael Nadal was slated to return and begin his farewell tour at the Australian Open, but that won't be the case. The Spaniard suffered a small tear in his hip while playing in Brisbane and it's unclear when he will be back in action.
- Alex De Minaur is a hometown talent worth keeping an eye on at +5,000. The Aussie has the ninth-best odds to win the tournament and recently cracked No. 10 in the ATP rankings. He owns a 48-26 overall record over the last 52 weeks, ranking eighth among all players on the tour. He won both of his matches at the United Cup, most impressively topping Djokovic in straight sets.
Australian Open odds: Women's side
| Player | Betting odds |
| Iga Swiatek | +225 |
| Elena Rybakina | +475 |
| Aryna Sabalenka | +500 |
| Coco Gauff | +700 |
| Jessica Pegula | +1,700 |
| Naomi Osaka | +2,500 |
| Qinwen Zheng | +3,000 |
| Ons Jabeur | +3,000 |
| Karolina Muchova | +3,300 |
| Maria Sakkari | +4,000 |
| Mirra Andreeva | +4,000 |
| Elina Svitolina | +5,000 |
| Marketa Vondrousova | +5,000 |
| Paula Badosa | +5,000 |
| Beatriz Haddad Maia | +5,000 |
Tennis odds as of 4:58 p.m. on 01/08/2024.
The favourite: Iga Swiatek (+225)
Swiatek occupies favourite status at most events she's in, but it's a little puzzling to see her do so here.
The Polish tennis star is still searching for her first Australian Open title. She's never even qualified for a final, advancing past the fourth round just once in her career.
Her 2023 campaign could be viewed as a step back by some. After winning two Grand Slams in 2022, she only claimed one last year.
Three of Swiatek's four Grand Slams have come at the French Open and she has only made the final at one other major, the U.S. Open.
Still, Swiatek is 22 years old and the No. 1 player in the world. There's room for her to get even better.
Women's notes
- The reigning champion, Aryna Sabalenka, has the third-best odds (+500) to win the tournament. The Belarusian superstar is coming off her best year as a pro. She qualified for the semifinal at all four Grand Slams, making two finals and winning one. The gap between her and Swiatek appears to be closing rapidly.
- Coco Gauff scored a win at the Auckland Classic final and is building off the momentum she gained at the end of last year. Gauff won the final major of the year, the U.S. Open, marking her first Grand Slam victory. At just 19 years old, the American could be on the verge of a major breakout.
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