The Australian Open is set to usher in the 2023 tennis season with a bang. To make sure you get the most out of the first Grand Slam of the year, it’s essential that you pick up the best possible Australian Open betting odds.
Men’s Australian Open Odds
- Novak Djokovic (+120)
- Carlos Alcaraz (+325)
- Daniil Medvedev (+350)
- Nick Kyrgios (+800)
- Jannik Sinner (+1000)
- Rafael Nadal (+1200)
- Stefanos Tsitsipas (+1600)
- Felix Auger Aliassime (+1600)
- Holger Rune (+1600)
- Casper Ruud (+2000)
- Taylor Fritz (+2500)
- Andrey Rublev (+3300)
- Alexander Zverev (+4000)
- Borna Coric (+4000)
- Matteo Berrettini (+5000)
*Odds are subject to change and vary from sportsbook to sportsbook.
Where to Bet on the 2023 Australian Open
In this article, our team of expert tennis handicappers takes a complete look at everything a tennis bettor needs to know about the 2023 Australian Open.
We’ll be reviewing the current Australian Open odds that you can grab at the top 6 sportsbooks, as well as laying down some expert tips and predictions.
And while Novak Djokovic is the clear (+120) favorite at Bovada and other sports betting sites, we’ll also be showing you the different ways you can bet on the Australian Open so that you can take home some cool tennis betting winnings.
How to Bet on the Australian Open
The easiest way to bet on the Australian Open and other tennis events is to sign-up for established sportsbooks like Bovada. This way, you benefit from frequent bonuses and fast payouts.
Here is how to join Bovada in a few steps:
Step 1: Create an Account”
Follow this link to open Bovada and click the red “Join Now” button to get started. A single-page form pops up. It contains a few fields – including first name, last name, date of birth, etc. Fill out the form with your information.
Step 2: Agree to the Terms of Service
Tick the box at the end of the form to confirm that you agree to the T&Cs before clicking “Register.”
Step 3: Make the First Deposit
Once your Bovada account is live, head over to the cashier section to make your first deposit. Simply select a payment method and follow the instructions. Once your deposit has been processed, you can open Bovada’s “Sports” section, followed by “Tennis” to place your Australian Open bet.
Australian Open Betting Lines & Overview
The Australian Open is hugely exciting to bet on. There are 128 players in the main draw, 7 rounds in total – and there’ll be at least 10 players who’ll have their eyes on the top prize this year.
The biggest storyline is, of course, the return of 9-time Australian Open winner Novak Djokovic. The current Wimbledon champion will be making his return after Visa issues kept him locked out of the 2022 Australian Open. All bookies have pegged him as the overwhelming favorite, and (+120) is currently the best price you can get him at Bovada.
2022 Australian Open winner Rafael Nadal added another 2 Grand Slams to his already impressive collection last year. But a dire second half to his season is a major reason why he’s priced at (+1200) by BetOnline and other bookies.
Meanwhile, all eyes will be on Aussie bad boy Nick Kyrgios, who came so close to winning his first-ever singles Grand Slam in 2022. Now that he’s had a taste for it, his (+800) Australian Open odds look especially mouth-watering when you consider he’ll be playing in front of his home crowd down under.
Out of the outsiders, Holger Rune – who ended 2022 with his first ever ATP Masters 1000 title, beating Novak Djokovic in the final – is worth a look at (+1600), while we think the US number 1 Taylor Fritz (+2500) represents huge value at SportsBetting.ag.
Australian Open Betting Odds & Predictions
Our expert tennis bettors have spent the greater part of the last decade betting on the AO. And while it’s hard to look beyond Novak Djokovic to win the whole thing this year, here are some of their top betting tips:
Carlos Alcaraz to Shine
Predicting the outright winner of the 2023 Australian Open is a tricky business. But if we had to pick someone to rival Novak Djokovic, it would be the current world number one, Carlos Alcaraz.
The Spaniard picked up 5 ATP titles in 2022, including the US Open, and you can bet on him at (+600) at BetOnline to win the 2023 Australian Open.
This is an extremely tasty price when you consider that he’s already won a hard-court Grand Slam at the tender age of 19, and when he’s at the top of his game, it’s almost impossible to see who could beat him (with the exception of Djokovic, of course).
Rafael Nadal to Struggle
You can bet on Rafael Nadal at (+1200) at SportsBetting.ag. This is the best possible price that the 2022 Australian Open winner is available at – but we think backing him is a risky venture.
2022 started well for Nadal (he won the 2022 Australian Open), but his victory at the first Grand Slam of the year was soon followed by erratic performances in Indian Wells and then Rome. And while he won the French Open, the second half of his season saw him truly struggle.
We expect his struggles to continue into 2023 and can see him suffering an early exit. Whoever he’s drawn against in the first, second, or third round (should he make it that far), consider backing his opponent instead.
Holger Rune to Come Close
Teenage sensation Holger Rune gave us all a taste of what he could do at the 2022 French Open, where he lost in the semi-finals to Casper Ruud. And while he struggled for a few months after that, he had an astonishing end to 2022, which was capped by him winning the Paris Masters.
While we don’t expect he’ll win the 2023 Australian Open (although you can bet on him at (+1600) at MyBookie), we do expect him to ruffle a few feathers. Our suggestion is to keep a close eye on his matches and, whenever he’s the underdog, bet on Rune to win.
Nick Kyrgios to Lose the First Set & Win the Match
Nick Kyrgios is tennis’s biggest enigma. He got to his first Grand Slam final in 2023 and will be chomping at the bit to go one better at the 2023 Australian Open, where he’ll be playing in front of a home crowd.
Kyrgios’s struggles are well-documented, and he’ll surely be feeling the nerves when he kick-starts his 2023 Australian Open campaign. We expect him to go deep – perhaps all the way to the semi-final – but we also expect one or two wobbles along the way. Bet on him to lose the first set whenever he plays – but win the match.
John Isner to Serve the Most Aces
Some sportsbooks like Bovada and BetOnline release specials for a Grand Slam event like the Australian Open. If you can find a bet like “who will win the most aces?” our money would be on the giant American John Isner. Reilly Opelka, Felix Auger Aliassime, and Matteo Berrettini will also be look-ins.
Betting on the Underdog
The thing about Grand Slams is that upsets always happen in the early rounds. Long-priced underdogs (we can be talking +800 prices here) routinely beat their heavily-fancied opponents.
Who can forget Davidovich-Fokina sending Hurkacz home in the first round of Wimbledon last year?
The trick is springing a surprise on the bookies who didn’t see an upset coming.
Finding upsets at the Australian Open is a tad tricky because there’s not too much early season form to go off since the tennis season itself only starts 2 weeks earlier. However, if you have a strong feeling that the bookies have mispriced a match, it’s certainly worth backing your instinct.
Australian Open Betting Guide
There are a number of different ways you can bet on the Australian Open. You can simply bet on someone to be the outright winner – but since the tournament lasts for 2 weeks, it’s a smart idea to test out different markets.
If you’re new to tennis betting, here are some betting terms to know:
Once the Australian Open is up and running, you can bet on specific matches – and indulge in spread betting. This is different from simply betting on a player to win.
In tennis, spread betting is when you back a player to win by X number of games. For example, if you fancy a heavy favorite such as Daniil Medvedev to annihilate his opponent in the first round, you could opt for Medvedev (-6.5). This would mean he’d need to win the match by 7+ clear games for you to win your bet.
Essentially, he would need to break his opponent multiple times while rarely getting broken himself.
Betting on the over/under at the AO can be a profitable venture, largely because each match has the potential to go to 5 sets (with lots of tie breaks).
For instance, if you think a match will go to 5 sets, you could bet on over 35.5 total games. Or, if you think a player will easily take care of their opponent without breaking a sweat, you might bet on under 25.5 games.
A parlay is when you add a few selections to the same bet in order to maximize your profits without having to risk a big stake.
The first, second, and third rounds of the Australian Open are especially useful for tennis parlays because there are plenty of matches to choose from.
Live betting is the same as in-play betting. It’s when you bet on a tennis match at the Australian Open that’s already started.
The advantage of live betting in tennis is that there are more markets to choose from. At sportsbooks like Bovada and MyBookie, you can bet on the spread, as well as game and player props, such as correct game score and correct set score.
Another advantage of betting in-play during the Australian Open is that you’ll be able to take advantage of momentum shifts in a match. If you can see a player looking fatigued, you could bet on him to lose his serve (for example).
Best Australian Open Betting Sites
- Bovada: Best overall
- BetOnline: Best Carlos Alcaraz odds
- Everygame: Best for ATP specials
- SportsBetting.ag: Highest odds for Rafael Nadal
- MyBookie: Top pick for live betting
- BetUS: Best bonuses
1. Bovada — Best Australian Open Betting Site Overall
- $750 welcome bonus
- $275 referral bonus
- Earn rewards points with every bet
- Wide range of tennis props
- Intuitive Bet Builder
- Posts late lines
The action begins at Bovada with a 75% welcome bonus that’s worth as much as $750. There’s also a $275 referral bonus available each time you refer a friend to the site, and you’ll earn rewards points whenever you bet on the AO.
Cryptos are accepted alongside regular payment methods, and this popular tennis betting site has been around since 2011.
Bovada has released their odds for the Australian Open and has priced Novak Djokovic at (+120). While this makes him the clear favorite, it’s still the best possible price you can get the Serb at right now.
Once the Australian Open is underway, it’s well worth exploring Bovada’s wide range of props bets. You can bet on the correct game score (such as 40-0), and we feel that the odds for this market and others at Bovada represent real value.
Aside from the Australian Open, Bovada has released its ATP season specials for 2023. We like the look of Felix Auger Aliassime to finally land a Grand Slam this year.
2. BetOnline — Best Australian Open Betting Odds for Carlos Alcaraz
- 50% up to $1,000 welcome bonus
- 25% reload bonus
- Carlos Alcaraz available at (+600)
- Same game parlays
- Odds boosters
- Fees on credit card transactions
BetOnline has been serving tennis bettors for over 25 years. It knows a thing or two about what tennis fans want, and you can get started with a 50% up to $1,000 welcome bonus.
You can also claim a 25% reload bonus whenever you deposit $50+ during the AO (and beyond it).
$50 worth of in-play free play is also on the table for new customers, and this is perfectly timed for some live AO betting.
Alcaraz fans should also take note, with BetOnline currently offering him at (+600) to win the Australian Open. After some extensive shopping around, this is the best price we’ve found him at.
BetOnline comes complete with betting tools, such as same-game parlays and a Bet Builder, and there are frequent odds boosts available.
3. Everygame — Best Australian Open Betting Site for ATP Specials
- 100% welcome bonus
- Low wagering requirements
- Excellent user interface
- Tennis specials
- Regular sports betting contests
- Lack of reload offers
Everygame is another highly-established sports betting site that was launched in 1996. New players are eligible for a 100% welcome bonus, and alongside competitive Australian Open odds, you can also bet on a raft of ATP specials.
In terms of their Australian Open odds for the men’s outright winner, Everygame has largely followed the market. Novak Djokovic is priced at (+110), while Daniil Medvedev and Carlos Alcaraz are the joint second favorites at (+400). Alexander Zverev is a major outsider at (+5000) as he continues his recovery.
On another note, live betting is excellent here, and the odds update quickly.
When it comes to their ATP specials, Everygame is taking bets on whether or not Rafael Nadal will win a Grand Slam in 2023. He’s (–200) not to win one and (+140) to win one. Adding this with another futures bet to a parlay is a solid option.
4. SportsBetting.ag — Best Australian Open Odds for Rafael Nadal
- 50% welcome bonus
- 25% reload bonuses (unlimited)
- Rafael Nadal priced at (+1200)
- 25+ years experience
- Website needs a revamp
SportsBetting.ag has been a go-to sports betting site for tennis bettors for the last 20+ years. It’s hardly changed over the years, and its stripped-back site design will especially appeal to those who want to bet in a fuss-free environment.
New players can get started with a 50% up to $1,000 welcome bonus, and this is followed by regular offers, including an unlimited 25% reload bonus.
SportsBetting.ag has released its early markets for the AO. They’ve gone against the grain by pricing Nick Kyrgios as the second favorite (+600), while the US number one Taylor Fritz is available at a surprising (+4000).
We also think SportsBetting.ag might be leaving money on the table by letting Rafael Nadal’s odds lengthen to as much as (+1200) as we write this.
When you consider that he is the Australian Open defending champion who won two Grand Slams in 2022 (including the French Open), this price isn’t to be missed.
5. MyBookie — Best Australian Open Betting Site for Live Betting
- 50% up to $1,000 welcome bonus
- 200% reload bonus
- Good market coverage for live tennis betting
- Fast loading website
- 24/7 customer support
- Needs more payment methods
MyBookie launched in 2014 with the mission of doing things better than other sports betting sites. To that end, customer support is available 24/7, and the VIP program is hugely rewarding.
You can claim a 50% welcome bonus straight off the bat, and MyBookie excels when it comes to live tennis betting.
On any individual Australian Open match, you can bet on the spread, the totals, and the moneyline, as well as markets such as whether you think there’ll be a tiebreak in a set or not and the correct set score.
And because MyBookie loads quickly and doesn’t have a lengthy countdown timer, it’s ideal for in-play betting on the AO.
There will also be daily tips and picks from the experts, alongside analysis and predictions.
In terms of the outright winners market for the Australian Open, MyBookie isn’t offering any real surprises. However, we like the look of the Italian hot shot Jannik Sinner at the early price of (+1050).
Top Bonuses You Can Use to Bet On the Australian Open
Join Bovada today and use the promo code “BTCSWB70” to unlock their 75% crypto welcome bonus. This is a matched first deposit bonus that’s valid for 14 days. Credit card depositors can claim a 50% up to $250 bonus instead.
To claim the BetOnline welcome bonus, enter the code “BOL1000” and make a first deposit of $55 or more. Live betting isn’t permitted for this welcome offer, but you can place any number of pre-match bets on the Australian Open, including parlays.
Everygame is offering new players a 100% welcome bonus that covers your first 3 deposits. It’s worth $750 altogether, and you’ve got 100 days to meet the low 4x wagering requirements.
Create an account at SportsBetting.ag and make a $55+ deposit in order to redeem the 50% welcome bonus. This is worth up to $1,000, and you have a whole month to meet the wagering requirements (10x).
Use the code “MYB50” to get your hands on MyBookie’s 50% welcome bonus. It’s worth $1,000 in total, and the minimum deposit is $50.
Australian Open 2023: Key Information
Where Will the 2023 Australian Open Take Place?
The 2023 Australian Open will be played at Melbourne Park, Australia.
Where Can I Watch the Australian Open?
US tennis fans can watch every single minute of the Australian Open on ESPN and their various channels, including ESPN 2.
What is the Cash Prize for the 2023 Australian Open?
Whoever wins the 2023 Australian Open will take home AUD $2,875,000.
Who Won the 2022 Australian Open?
Rafael Nadal won the 2022 Australian Open, beating Daniil Medvedev 3-2 in the final at Melbourne Park.
Why is Bovada the Best Australian Open Betting Site
- Competitive odds: Bovada stands head and shoulders above the competition when it comes to their Australian Open odds. Whether you bet pre-match or in-play, you’re guaranteed to take advantage of excellent prices.
- Generous welcome bonus: Bovada gets you started with a 75% first deposit bonus that’s worth as much as $750. It also comes with favorable wagering requirements, and you’ve got plenty of time to meet them.
- Regular rewards points: Bovada rewards you with loyalty points whenever you place a bet. Just a $1 singles bet on the AO, or any other sporting event is worth 2 points, while $1 parlays are worth 15 points.
- Wide range of markets and props: During the Australian Open, you can bet on anything and everything, from the spread to the over/under total games. You can also explore correct game score markets, break-of-serve markets, and more.
Why Bet on the Australian Open Online?
Safe and secure:
You’ll have peace of mind when betting on the Australian Open online if you join a legit sportsbook that’s SSL-secure and renowned for its fast and reliable payouts.
Brilliant for in-play betting:
Betting on the Australian Open is way more fun when you bet in-play. This is something you can do online, and it means you can react to momentum shifts, take advantage of tanks, player fatigue, and more.
Australian Open betting is enhanced when you sign-up for sportsbooks like Bovada that come with a polished mobile interface. This allows you to bet whenever you want with zero stress.
Odds boosters and specials:
The beauty of a Grand Slam like the Australian Open is that the top sportsbooks release odds boosters and specials throughout the tournament. This gives you the chance to turbocharge the payout on your bet slips.
Guide to Betting on the Australian Open 2023
Who Has the Best Australian Open Odds?
To make sure you place your bets at the best possible price, it’s a smart idea to sign-up for a handful of sportsbooks before comparing their odds for specific bets and markets.
Is Betting on the 2023 Australian Open Safe?
Yes, betting on the 2023 Australian Open is safe, but only when you stick to legitimate, trusted, and licensed tennis betting sites like the ones on this page. We can’t vouch for any sportsbook that we haven’t reviewed.
Who Will Win the Australian Open?
Novak Djokovic is the clear betting favorite at numerous sportsbooks, but he’ll have his work cut out to fend off the challenge posed by the likes of Alcaraz, Medvedev, and Kyrgios. The likes of Stefanos Tsitsipas, Alexander Zverev, and Casper Ruud will fancy their chances, too.
How Do I Bet on Tennis?
There are multiple ways to bet on the Australian Open and other tennis events. You can simply bet on a player to win a match (moneyline) or bet on them to win by X number of games (spread betting).
You can also add a few different selections to a parlay, such as three different players to win their match.
You can bet in-play, too, and try your luck on markets such as the correct set score, the correct game score, and even the next point winner.
All of these markets are available at Bovada.
What Other Tennis Tournaments Can I Bet On?
You can bet on every single tennis tournament all year-long, including every Grand Slam tournament and all ATP, WTA, Challenger, and ITF tennis events. Everygame offers the biggest tennis coverage throughout the year.
Is the Australian Open a Grand Slam Tournament?
Yes, the Australian Open is the first Grand Slam event of the year.
Will Roger Federer Compete at the 2023 Australian Open?
Roger Federer announced his retirement from tennis in 2022 and will not be competing at the 2023 Australian Open.
Related UK Betting Guides:
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Still Wondering Where to Bet on the Australian Open?
Whoever you think will win this year’s Australian Open, there are tantalizing futures odds up for grabs at each tennis betting site on our list.
Djokovic is the overwhelming betting favorite with the best price of (+120) at Bovada, but 2022 Australian Open winner Rafael Nadal won’t want to give up his crown too easily (available at +1200 at Sportsbetting.ag).
Whatever you decide to do, remember that betting on the Australian Open should be fun first and foremost. We, therefore, remind you to gamble responsibly at all times.
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