The Madrid Open 2023 is an ATP 1000 event that welcomes some of the world’s biggest tennis stars onto its clay courts. We’re only a couple of months away from the event and sportsbooks are starting to populate their odds for the ATP Mutua Madrid Open.
We don’t want you to miss out on all the fun betting for one of the biggest tennis events this year, so we’re presenting you the best Madrid Open betting odds in this guide.
Best Madrid Open Betting Sites
- MyStake: Best overall
- BetOnline: Excellent sports bonuses
- Bovada: Best tennis props
- MyBookie: Best for in-play betting
- EveryGame: Best for tennis specials
- BetUS: Best ATP specials
- Sportsbetting.ag: Great sports bonuses
- BUSR: Enhanced tennis odds
- XBet: Excellent tennis events coverage
The Madrid Open is always one of the hottest events on the tennis calendar. It takes place a month before the French Open, and with 96 players taking part this year across 6 rounds, there’s plenty of chances for you to pick out your bets and make money.
In this article, our tennis betting experts will be taking a look at the favourites for the Madrid Open. We’ll be assessing their chances and giving you our predictions, and we’ll also be taking a look at the best sportsbooks where you can bet on this tournament.
MyStake stands out with its $500 welcome bonus, as well as its superb tennis betting odds and wide range of betting markets.
Who’ll reign in Spain? Let’s find out.
How to Bet on the Mutua Madrid Tennis Open
While betting on the Madrid Open clay court event is a lot of fun, it’s way more exciting if you sign-up to the right sportsbook. This means you’ll be betting in a safe and secure environment, as well as getting access to a wide range of betting markets and quality odds.
MyStake is our top pick overall for betting on the Madrid Open, and you can join this sportsbook in just a few easy steps:
Step 1: Set up your account.
Head to MyStake’s homepage and click the red “Sign Up” button at the top of the screen.
Step 2: Fill in the form.
You’ll be taken to a 7-field form that requires you to enter a first and second name alongside a valid email address. You’ll also need to create a password and a unique username.
Step 3: Complete your registration.
Tick the box at the end of the form to confirm you’re over the legal age for gambling and that you agree to the T&Cs.
Then, just click “Finish.” MyStake will then create your account, at which point you can make your first deposit and claim the welcome bonus.
ATP Mutua Madrid Open Player Predictions
Rafael Nadal
Rafael Nadal has won the Madrid Open a fantastic five times over his illustrious career. The last time he won it was in 2017, and last year, he was knocked out in the quarter-finals by eventual winner Carlos Alcaraz.
Of course, Rafael Nadal soon shook that defeat off and won the French Open a month later.
Rafael Nadal is always determined to win the Madrid Open, a tournament close to his heart. However, this year, how well he fares will depend on his body and belief that he can win the French Open.
Niggling injuries have dogged him since this summer, and it seems impossible to believe Rafael Nadal will win both the Madrid Open and the French Open, which is arguably his spiritual home. We expect Rafael Nadal to have a decent run in Madrid – but we wouldn’t back him to win the whole thing.
>> Bet on Rafael Nadal at MyStake today!
Carlos Alcaraz
Carlos Alcaraz was knocked off the world number one spot at the end of January when Novak Djokovic won the Australian Open.
The Spaniard – who won the Madrid Open in 2022 and will therefore be defending many points – will feel unlucky to lose his world number one ranking simply because he hasn’t been able to play any tennis before March this year.
There’s no question about the 19-year-old’s talent or ability to slay on clay. Many see Alcaraz as the successor to Rafael Nadal – and based on what we’ve seen so far, we’d have to agree.
Alcaraz may not have played any competitive tennis before March, but he wasn’t on the sidelines for too long. We fully expect him to get back into the swing of things quickly – and he is our top pick for the Madrid Open.
>>Bet on Carlos Alcaraz at BetOnline today!
Novak Djokovic
You can’t rule Novak Djokovic out of anything. He’s already won the Australian Open this year, and because he was forced to sit out two other ATP 1000 tournaments (Indian Wells and Miami), he’ll be chomping at the bit in Madrid.
At the 2022 Madrid Open, Djokovic reached the semi-finals before he, like Rafael Nadal, was knocked out 7-6, 5-7, 6-7 by Carlos Alcaraz.
Djokovic was unquestionably building ahead of steam after looking fatigued in his previous tournaments. This time around, there’ll be no issue of fatigue – and the 2021 French Open champion, who’s just as comfortable on clay as he is on hard courts and grass, has the ability to win the Madrid Open for the first time since 2019.
His odds will be short but if you fancy going big, Djokovic could be your man.
>>Bet on Novak Djokovic at Bovada today!
Casper Ruud
We really rate Casper Ruud – and we really, really rate him on clay courts.
Ruud is without doubt more comfortable on clay than he is on any other surface. He even seemed to admit earlier this year that he was using the Australian Open more of a springboard to get him ready for the rest of the season.
By the time Ruud arrives in Madrid, the clay court season will be well underway – and Ruud, who has won 9 ATP titles, 8 of which were on clay, will be bang in-form by the time it starts.
The only issue we have with Ruud is that his 2022 clay season wasn’t as spectacular as his 2021 clay season. He still picked up titles but lost to Alcaraz 3 times.
On the other hand, Ruud will be well-priced for the Madrid Open and we fancy his chances to go deep … and potentially even all the way.
>> Bet on Casper Ruud at MyBookie today!
Stefanos Tsitsipas
Will this finally be Stefanos Tsitsipas’s year?
Were it not for the small matter of Novak Djokovic, Tsitsipas would probably have finally won his first Grand Slam in Melbourne earlier this year.
Now the world’s number three, he’s started the year with a bang – and we really fancy his chances to win a few titles this year.
Can it all start with the Madrid Open?
He’s already picked up two ATP 1000 titles in his career, he posted a 17/4 clay court record in 2022, and he seems to have finally shaken off the ghosts of his 2021 French Open final defeat.
If you fancy betting on an outsider, Tsitsipas will be available at a good price for the Madrid Open – and we wouldn’t rule him out.
Bet on Stefanos Tsitsipas at EveryGame today!
Betting Guide: Types of Bets You Can Place on the Madrid Open
Moneyline Bets
Once the Madrid Open gets underway, you can bet on specific matches – including who will win.
Indeed, the moneyline bet is straightforward and requires your player to win a match. Nothing else needs to happen – it doesn’t matter by how many games or sets they win, they just need to win.
Moneyline betting can be a great way to make money at the Madrid Open if you think the bookies have mis-priced a match. For example, if you have a hunch that an overpriced underdog is going to overcome an underpriced favorite, now might be the time to place your bet.
>> Place your bets for the Madrid Open outright winner at MyStake
Game Handicap Betting
Game handicap betting in tennis is the tennis equivalent of the point spread. Instead of winning by X number of points, your player needs to win by X number of games.
For example, if the game handicap is set at (-2.5), the favorite needs to win by at least 3 games for this bet to win – such as 6-0, 7-5.
Betting on the game handicap can be a way to boost your potential profits more than the moneyline bet. It’s helpful if you think a favorite will win by a fairly straightforward margin, but it comes with a few obvious risks.
>> Find the best handicap bets at BetOnline
Set Betting
Another way you can bet on individual matches at the Madrid Open is set betting.
For instance, you can bet on a favorite to win 2-0 or 2-1 or the underdog to win 2-0 or 2-1.
Set betting is a great way to boost your potential profits because, no matter who is playing, the odds are always better than the moneyline.
Naturally, set betting isn’t easy to get right. But if you’ve studied the form of the players and you’re convinced that a favorite will either win in straight sets or the underdog will make life hard for them, this can be a profitable bet to try.
>> Check out Bovada if you’re into set betting
Total Games (Over/Under)
Before a tennis match starts at the Madrid Open, sportsbooks will offer odds for the total games. This market is usually set at (23.5) for ATP 1000 matches, and you can either bet on over 23.5 total games or under 23.5 total games.
If you bet on a match to have over 23.5 games, there needs to be at least 24 games (such as 7-6, 2-6, 6-2) for you to win your bet.
Total games are worth trying if you’re convinced a match will go the distance or be over quickly.
>> Place your over/under bets at Everygame
Live Betting
In-game betting is available throughout the Madrid Open. You can bet on each match at the best sportsbooks, which offer various live betting markets. These include correct game scores, correct set scores and prop bets like whether or not there’ll be a tie break in a set.
You can also bet on the game handicap, which changes as the match goes along, as well as the moneyline and the totals (over/under).
>> See MyBookie for the best in-play betting odds
Check out other tennis betting opportunities:
- Bet on the 2023 ATP Acapulco Tennis Tournament
- 2023 ATP Dubai Championship Odds
- Dallas Open Tennis Tournament 2023
Best Madrid Open Betting Sites
1. MyStake – Best Madrid Open Betting Site Overall
Pros:
- 100% up to $500 welcome bonus
- 10% crypto cashback
- Competitive Madrid Open betting odds
- Cryptos accepted
- 24/7 customer support
Cons:
- Cluttered site
MyStake was launched in 2020 and looks every inch like a modern-day sportsbook: It’s slick, it’s intuitive, and it works superbly across all devices.
Bitcoin is accepted, and new players can get started in time for the Madrid Open with a 100% up to $500 welcome bonus.
When it comes to betting on individual matches at the Madrid Open, MyStake – which sets its own lines – offers a wide variety of handicap markets and total markets. This allows you to bet on your favorite players like Rafael Nadal anyway you want.
The odds are competitive, in-play betting is available, and bet limits are high. Customer service is available round-the-clock, and if you bet with crypto you can claim 10% crypto cashback on all your Madrid Open losses.
Click here to start betting at MyStake with a 100% up to $500 welcome bonus.
2. BetOnline – Best Sports Bonuses of all Tennis Betting Sites
Pros:
- 50% up to $1,000 welcome bonus
- Unlimited reload bonuses
- $25 live betting free-play
- Cryptos accepted
- 25+ years experience
Cons:
- 9.75% credit card fee
If you’re searching for some generous promos for the Madrid Open, it’s hard to look past BetOnline.
Not only can you get started with a welcome bonus worth as much as $1,000, but as a new player, you’re also entitled to opt-in to $25 worth of live betting free play and a $25 risk-free player prop bet.
BetOnline also treats regular customers to unlimited 25% reload bonuses anytime you deposit at least $50.
Their moneyline, spread and totals betting odds are always excellent, and BetOnline consistently post early lines.
Click here to start at BetOnline with a 50% up to $1,000 welcome bonus.
3. Bovada – Best Betting Site for Tennis Props
Pros:
- 75% welcome bonus of up to $750
- Earn rewards points each time you bet
- $200 referral bonus
- Wide variety of interesting tennis props bets
- 10+ years experience
Cons:
- Has a tendency to post late betting lines
Bovada is a hugely reputable sports betting site servicing up quality Madrid Open betting odds for more than 11 years.
As a new bettor, you can serve up an ace straight from the get-go with a 75% matched deposit welcome bonus worth up to $750. You’ll also be rewarded with loyalty points whenever you bet on the Madrid Open.
Bovada offers a wide range of betting markets for all the biggest tennis events, but where it stands out is with its prop bets. If you fancy a player to drill a raft of aces or banking on a player to double fault frequently, you can do that here.
Customer service is always available, and cryptos are supported.
Click here to get started at Bovada with a $750 welcome bonus.
4. MyBookie – Best In-Play Betting Site for the ATP Mutua Madrid Open
Pros:
- Up to $1,000 welcome bonus
- $200 referral bonus
- Alternative betting lines available
- Early tennis betting odds
Cons:
- Only a handful of payment options
MyBookie was launched in 2015 and covers all the major tennis events all-year round – including the Madrid Open.
You can bet on the outright winner a few days in advance and explore alternate lines both pre-match and in-play on every Madrid Open match.
As a new customer, you’re eligible for a $1,000 welcome bonus when you make a qualifying deposit, followed by a $200 referral bonus whenever you refer a friend to the site.
MyBookie posts early lines and there’s a range of helpful tennis betting resources available throughout the Madrid Open, including expert analysis, injury updates and betting tips.
Join MyBookie for the best tennis in-play betting odds.
5. EveryGame – Best Sportsbook for Madrid Open Betting Specials
Pros:
- Three-tiered welcome offer
- More than 30 years experience
- Enhanced odds available
- Intuitive website
- High bet limits
Cons:
- Withdrawal fees on some payment methods
From tennis specials to enhanced odds, EveryGame is a sportsbook that knows how to treat its customers well.
A $750 sign-up bonus is on the table for new customers, and it covers your first three deposits.
You can then compete in tournaments and contests for the chance to win more cash prizes and bonus funds that have the potential to extend your bankroll during the Madrid Open.
Tennis odds are always extremely attractive at this hugely established online sportsbook, which was established in the Pistol Pete era. You can bet pre-match and in-play, with betting markets including outright winners and the game handicap (the spread).
Click here to get started at EveryGame with a $750 welcome bonus.
Runners-up:
Key Information About the Madrid Open 2023
When Does the Madrid Open Take Place?
The Madrid Open event starts on April 24 and ends on May 7.
Where is the Madrid Open Held?
The competition is hosted at La Caja Mágica in Madrid, Spain.
What Type of Tournament is the Madrid Open?
The Madrid Open is an ATP 1000 event played on outdoor clay courts. There’s also the WTA Madrid, the women’s clay version in Spain.
Who is the Defending Champion?
Carlos Alcaraz won the 2022 Madrid Open.
Who are Some Past Winners of the Madrid Open?
Past winners at this clay court tournament in Spain include Roger Federer, Rafael Nadal and Novak Djokovic. Past female champions include Petra Kvitova.
What is the Total Prize Pool for the Mutua Madrid Open?
The total prize pool is €6,744,165.
When Does the Draw Take Place?
The draw for the Madrid Open first round takes place 1-2 days before the event starts.
How Can I Watch the Madrid Open?
The Madrid Open will be streamed on the Tennis Channel in the US.
See similar betting guides:
Where to Bet on the Madrid Open: MyStake
Best odds: Out of all the available online bookmakers, MyStake consistently offers some of the best tennis odds. This gives you the advantage of placing your bets at the best possible price on any tournament, boosting your profits.
Easy to use: MyStake makes betting on the Madrid Open a piece of cake. It’s a brand new online bookmaker that’s intuitively designed and which works superbly on desktop and mobile devices.
Great bonuses and offers: From a 100% welcome bonus to 10% cashback on your tournament losses, MyStake treats you to regular offers you can opt-in to whenever you want.
Wide range of tools and features: MyStake is a modern online bookmaker that enhances your clay court betting experience with 24/7 live chat, supported payment methods, and useful tools, such as time filters and same game parlays.
Why Bet on the Madrid Open Online?
Find the best odds: If you join numerous online bookmakers, you can compare their tennis odds on any tournament and betting market. This way, you’ll always be playing for the best price possible.
Bet in-play: Clay court betting is always more fun in play. If you bet online, you can watch the matches live and take your pick from markets like the correct game score and set score, taking advantage of a player’s momentum and fatigue.
It’s safer than ever: Betting online on tennis has never been safer. All the top-rated sportsbooks are fully-licensed and SSL-secure, so your details are always kept safe.
Guide to Madrid Open Betting
Where Can I Find the Best Madrid Open Betting Odds?
The best Madrid Open betting odds are available at top-rated online bookmakers like MyStake and Bovada, which consistently offer the best tennis odds.
To help you find the best odds for specific betting markets, it’s a smart idea to sign-up to a handful of the best tennis bookmakers. Then, you can compare their odds so that you can always place your bets at the best available price.
Is it Safe to Bet on the Madrid Open?
You can improve your online safety by joining reputable sports betting sites that are fully licensed and have implemented security measures.
To verify the safety of a sportsbook, you can check its licensing situation on its homepage. You can also read existing customer reviews, which will give you insights into how reliable and reputable a sportsbook is.
How Do I Bet on the Madrid Open?
To bet on the Madrid Open online, you need to register at a sports betting site like … . This only needs to take a few minutes, and once you’re up and running, you can make a first deposit.
Once you’ve made a deposit, you can browse the betting markets for the Madrid Open, including the outright winner and markets for specific matches.
Once you’ve found a bet you like the look of, and you’re happy with the odds, click on it to add it to your bet slip. Then, enter a stake (such as $10) and press “place bet.”
Tips for Betting on the Madrid Open
1. Study the Form
All players who play at the Madrid Open, from Novak Djokovic to Andy Murray, will arrive in Spain in different kinds of form.
Instead of simply betting on a player because he’s the favorite and one of the top players, studying each player’s form is a smarter idea. Have they been winning matches recently and building momentum? Or are they on a disastrous run right now? And how do they perform on clay?
2. Watch the Matches
If you’ll be betting throughout the whole event in Spain, it’ll help you a lot if you watch the action unfold. This will give you a feel for how the top players are faring up as the tournament goes along, putting you in a better position to spot value amidst the betting odds.
3. Try Parlays
There are plenty of opportunities for parlay betting, especially in the opening rounds of an ATP 1000 tennis tournament like the Madrid Open.
There are lots of matches to choose from – and there’ll be lots of mis-priced betting odds on offer from online bookmakers that give you a chance to build potential bank-busting parlays in Spain.
4. Don’t Chase Your Losses
Tennis is notorious for being a fast turnover sport, making it easy to chase losses. As soon as one point is lost, you’ve got the chance to bet on another point.
The key to successful tennis betting at any tournament is controlling your bets. If it helps, set a bankroll and use deposit limits that are on offer at online bookmakers.
Lock In Your Bets on the Best Madrid Open Betting Odds
The drama in Spain isn’t far away – and whether you expect Rafael Nadal to triumph or Carlos Alcaraz to land yet another title on Madrid’s clay courts, it all starts with joining a sportsbook that suits you.
Our red hot pick MyStake gets you in the mood for the Madrid Open with a $500 welcome bonus, and you can then explore crazily good odds at this brand new sportsbook.
Whatever you decide to do, we hope you’ll have fun and remember to gamble responsibly.
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