Australian Open 2024 Betting

The 2023 Australian Open championship will be determined through a two-week tournament played on the famous hard court of Melbourne Park. It’s held every January and marks the opening of the year’s tennis Grand Slam events.

Both the men’s and women’s tournaments feature 128 players competing over a best-of-five-sets format. The men’s, women’s and mixed doubles events feature 64 pairs competing across a best-of-three-sets format.

Novak Djokovic was expected to be one of the obvious top contenders for the men’s event but the Serb was deported from Australia after losing an appeal over visa cancellation. The Australian court decided to take side with Immigrations Minister Alex Hawke, who decided to cancel the visa of the 34-year old tennis star. The decision came on Sunday, a day before the start of the event.

Djokovic or no Djokovic, you can enjoy online sports betting with Australian Open odds from the biggest sportsbooks in town. Bet on the winner of the Australian Open via the futures markets, or bet pregame on the day’s big matches. You can even bet in-play through NJ sportsbooks as the match is taking place.

Ready to go with the best Australian Open betting odds? Let’s explore the most popular betting options for you once you’ve opened your US sportsbook account.

The simplest form of Australian Open tennis betting is on the outright winner. US sportsbooks will offer odds on the champions in the men’s, women’s and doubles competitions. Odds compilers will base their outright betting prices on everything from past performances to popularity.

All sports betting sites will offer the moneyline on players to win the Australian Open. You can toggle between US, fractional or decimal odds. For US odds, the online sportsbook will display a price based on a bet of $100.

For instance, Daniil Medvedev is +145 to win in the Rod Laver Arena at the end of January. That means you would win $145 in return for a $100 stake.

US sportsbooks offer outright betting odds on the women’s Australian Open singles tournament. The 2022 Australian Open is a little more unpredictable on the women’s side. This uncertainty is reflected in the longer Australian Open odds being offered at the US betting sites. The prices may also change if any more players fall foul of Australia’s strict visa rules.

The easiest 2023 Australian Open to make is the futures bet. It is a wager placed on a player to win the Australian Open before a ball has been struck in anger.

Online sportsbooks will price up the Grand Slam months ahead of the start. Often, you can find some value, especially if a player goes on a hot streak in the run-up to the Open. In addition, futures Australian Open odds will almost always be positive. Even the favorite can be backed at around +300 to +400 before the tournament begins.

A moneyline bet is a wager on the winner of a single Australian Open match. You can bet pregame at any point up to the start of the match. However, you can also bet in-play on the moneyline as the game happens.

The sportsbook will price moneyline odds with a favorite and an underdog. The favorite will be odds-on, while the underdog will be odds against.

Imagine Ashleigh Barty is playing Simona Halep in the Australian Open quarter-final. The sportsbook may make Barty the -100 favorite for the tennis match and Halep the +200 underdog. That means you’d have to bet $100 on Barty in order to win $100, or $100 on Halep to win $200.

Australian Open sportsbooks will offer tennis betting on the spread. The game spread is the most common bet of this type. It’s a wager on how many games a player will win after a handicap has been applied. Some US sportsbooks also offer set spreads.

For example, imagine Daniil Medvedev is playing Rafael Nadal at the 2023 Australian Open. The betting site gives underdog Nadal a +2.5 spread for total games, while Medvedev is given a -1.5 spread. That means if Nadal wins the most games with +2.5 applied, he will win the bet.

You can also bet on totals across the whole Australian Open tournament. Find Australian Open odds for total games or sets during an individual match.

The sportsbook may predict a high-scoring match between Rafael Nadal and Daniil Medvedev, for example. They might set the point at 24.5 games. You can bet that the total number of games is higher (25 or more) or lower (24 or less). The totals wager is a fixed-odds bet, so you will only win for correctly betting under or over. You won’t win more if the total is particularly low or high.

You might have your titles bets finalized for the Rod Laver Arena, but where to gamble? It’s important to pick the right online sportsbook before you open your account.

When reviewing the best US sports betting sites for the big one in Melbourne, we always factor in the quality of the odds and the choice of bonuses. You should be able to deposit dollars simply and quickly and have access to a good range of markets including futures, totals and game props.

We also recommend finding an Australian Open sportsbook offering free bets as part of a welcome bonus package. Use your free bets on the Grand Slam outright betting or individual game bets.

Whether you’re looking for a good welcome bonus or the best bets and odds on Daniil Medvedev, Rafael Nadal and Naomi Osaka, we have you covered.

It’s easy to place a bet on the Australian Open. Choose a sportsbook that offers a range of bonuses and markets and place your bets. But it’s important to have a betting strategy before the Grand Slam begins.

COVID-19 Could Affect the Australian Open Odds

The Australian Open has been overshadowed by the country’s strict COVID-19 visa rules. Some players and officials have had their entry visas denied due to being unvaccinated or being unable to provide a medical exemption.

It could pay to hit the futures betting markets for Australian Open odds, especially with Djokovic out of the tournament.

Back Alexander Zverev in the Men’s Australian Open Futures

German Alexander Zverev is going into the Australian Open in great form. He won the ATP World Tour Finals in November against Daniil Medvedev. In addition, Zverev is a more appealing +270 compared to Medvedev’s +145 and would be a bigger favorite if Nadal doesn’t perform to his full potential.

Find Value in Emma Raducanu

British pro Emma Raducanu stunned the tennis world when she won the US Open Women’s singles in September as a wild card. Raducanu won’t be underestimated when she competes in her toughest event since that momentous win. Plus, the hard courts of Melbourne will suit her tough-returning style.

Back the Favorites in the Later Rounds

Like Wimbledon, the Australian Open utilizes a best-of-five-sets format throughout the tournament. Therefore, the higher seeds tend to make it through to the latter stages. In fact, since 2014 over 84% of games in the 4th Round onwards went the way of the favorite. The underdog struggled to pick up more than a dozen wins in the same period.

With rallies common at the Australian Open in Melbourne Park, the fitter players prevail. In addition, the Men’s favorites have won at least two sets in over 90% of matches from the 4th Round onwards since 2014. That’s something to consider if you want to bet the total sets markets.