Australian Open Betting Guide

The first Slam of the year is now upon us, the 2024 Australian Open, which is taking place in Melbourne, Australia. This is a fantastic tournament and a really fun tennis betting event, so let’s cover some useful Australian Open betting tips, promotions and of course, a few of our best predictions.

The event is being held from Sunday, Jan 14th to Sunday, Jan 28, 2024.

Let’s jump straight into it

• Betting Odds and Promotions
• Best Betting Sites for the Australian Open
• About the Australian Open
• Latest Predictions
• Top Contenders
• Tournament Structure
• Popular Betting Types
• Betting Tips

Australian Open Betting Odds and Promotions

Let’s have a look at the odds for the 2024 tournament to see who is the favorite and what odds can we get on the underdogs! We will update the bets during the tournament when we find something of value.

As always, for major tournaments we’ll also dig up some good promotions and bonuses to take advantage of.

Please note that these odds will go slightly up and down ahead of the tournament, it’s recommended to check the odds at your preferred sportsbook.

Best Tennis Betting Sites for the Australian Open

Which will be the best betting site for this tournament, depends actually a lot of where you live, as this is a very regulated market.

All below bookmakers offers a great odds selection on the 2024 Australian Open.

* Please note: All brands displayed on the list above are legal online sports betting sites, however you are responsible for determining the legality of online gambling in your jurisdiction, that you’re allowed to place bets on this specific site and that you are of legal age to bet.

Please gamble responsibly and only bet what you can afford to lose. If you think you are not in control of your gambling, seek help immediately from any of these organisations: BeGambleAware or Gamcare.

About the Australian Open

The Australian Open is the first Grand Slam tennis tournament of the year. Being held annually in Melbourne, Australia, at Melbourne Park, during the last fortnight of January, it’s welcomed among players and fans after a slow December. As always, it’s played on hard courts and has become one of the most popular sporting events in the world, not at least for online betting.

The Australian Open was first held in 1905 as the Australasian Championships. It was renamed the Australian Open in 1927. The tournament was originally held in various cities in Australia and New Zealand, but it has been held in Melbourne every year since 1972.

The Australian Open is the most successful Grand Slam tournament in terms of attendance, with over 800,000 spectators attending each year. It is also the most lucrative Grand Slam tournament, with a total prize pool of over AUD$75 million in 2023.

Qualification

Direct entry into the Australian Open singles main draw is granted to the top 104 players in the ATP and WTA rankings. The remaining players must qualify through a series of regional tournaments.

There are also a number of wild card entries granted to players from Australia and other countries. Wild card entries are typically given to promising young players or to players who have made significant contributions to the sport.

Court

The Australian Open is played on hard courts. The surface is Plexicushion, which is a type of acrylic hard court. Plexicushion is known for being relatively slow and forgiving, which makes it a good surface for both attacking and defensive players.

Our Latest Betting Predictions and Tips

Top Contenders to Win

Now, of course we’ve been hit with the news that Nadal is out of the Australian Open, which is sad. But there are plenty of talent still…

Djokovic is, no surprise there, the clear favorite to win the Australian Open in 2024. He is the defending champion and he has quite a dominant record at the tournament in previous years. However, Alcaraz is a rising star who is coming off a breakthrough season and he will be a serious contender to think about.

Jannik Sinner is slowly coming up as a real contender to challenge Djokovic this year and we believe it might be his time this year.

Medvedev is a former Grand Slam champion who are still capable of winning big tournaments. We fell though that he is starting to show his age, and it is unclear how much longer he will be able to compete at the highest level.

Tsitsipas and Kyrgios are both talented players who have the potential to win a Grand Slam title but they have both struggled with consistency in the past.

Auger-Aliassime, Sinner, Fritz, and Rune are all young players with a lot of potential. They are still developing their games, but they are already some of the best players on hard courts and here you’ll find some great odds if you’re willing to gamble on an underdog.

Other potential surprises to look out for are Jack Draper, Arthur Fils, Ben Shelton and Sebastian Ofner.

Here is a closer look at the top 10 players most likely to win the Australian Open 2024.

Men’s Singles

1. Novak Djokovic (2.00 | Evens | +100)

Djokovic is the defending champion and the odds-on favorite to win the Australian Open again in 2024. He has won the tournament a record nine times, and he is always a threat on hard courts.

2. Carlos Alcaraz (4.00 | 3/1 | +300)

Alcaraz is the rising star of men’s tennis, and he is coming off a breakthrough season in 2023. He won his first Grand Slam title at the US Open, and he will be looking to add another to his collection at the Australian Open.

3. Jannik Sinner (6.50 | 11/2 | +550)

Sinner is another young player with a bright future. He is still developing his game, but he is already one of the best players on hard courts. He will be a threat at the Australian Open in 2024.

4. Daniil Medvedev (9.00 | 8/1 | +800)

Medvedev is a former world No. 1, and he has won one Grand Slam title (the 2021 US Open). He is always a tough out on hard courts, and he will be looking to make a deep run at the Australian Open.

5. Alexander Zverev (23.00 | 22/1 | +2200)

One of the serious contenders to conquering Djoko this year is of course Zverev. The German has shown great form as of recent.

6. Stefanos Tsitsipas (36.00 | 35/1 | +3500)

Tsitsipas is one of the most talented players in men’s tennis, but he has not yet been able to win a Grand Slam title. He will be looking to break through at the Australian Open in 2024.

7. Andrey Rublev (61.00 | 60/1 | +6000)

We predicted Rublev would win the Hong Kong Open earlier this month and he did. Can he be a dark horse at fantastic odds at AO?

8. Dimitrov, Grigor (41.00 | 40/1 | +4000)

Dimitrov is back at the top after his impressive win in Brisbane and we’ll follow him closely in the beginning of the tournament.

9. Taylor Fritz (121.00 | 120/1 | +12000)

Fritz is one of the most consistent players on the ATP Tour. He has not yet won a Grand Slam title, but he is always a threat at the big tournaments.

10. Holger Rune (29.00 | 28/1 | +2800)

Rune is the youngest player in the top 10, but he is already making waves on the ATP Tour. He is still developing his game, but he has already shown that he can beat the best players in the world. He will be a dark horse contender at the Australian Open in 2024.

Tournament Structure

The Australian Open singles main draw consists of 128 players. The tournament is played over a two-week period, with seven rounds of matches.

The top 32 seeds in the singles draw receive a bye in the first round. The remaining players play a best-of-five set match in the first round.

From the second round onwards, all matches are best-of-five sets. The women’s final is best-of-three sets.

Prize Money at Australian Open

The total prize money in Australian Open for 2024 is a record $AU 86,500,000 (an increase by 13.07% year on year). 

The singles winner receives A$3,150,000 while the runner-up gets A$1,725,000.

Doubles winners can claim A$730,000 while the finalists get A$400,000.

Popular Betting Types for Australian Open

This Grand Slam is similar to many other major tennis tournaments when it comes to the betting opportunities. Below we’ll present some of the most popular betting options along with our favorite Australian Open betting odds. Once we tournament start we’ll also be live betting on many of the matches up until the final.

Outright Winner

This is a bet on which player will win the Australian Open tournament. It is the most popular Australian Open bet, and it is also the most difficult to win. The odds on the outright winner vary depending on the player’s form and ranking. For example, in 2023, Novak Djokovic was the favorite to win the Australian Open, with odds of 1.50.

Match Winner

This is a bet on which player will win a specific match at the Australian Open. It is a more popular bet than the outright winner bet, as it is easier to predict the outcome of a single match than the entire tournament. The odds on the match winner vary depending on the players involved.

Set Betting

This is a bet on the number of sets that will be played in a match at the Australian Open. It is a more popular bet than the match winner bet, as it is easier to predict how many sets will be played than who will win the match. The odds on the set betting vary depending on the players involved and the format of the match. For example, in a best-of-five set match, the odds on there being four sets played are typically around 2.50.

Game Betting

This is a bet on the number of games that will be played in a match at the Australian Open. It is a more difficult bet to win than the set betting, as it is more difficult to predict the exact number of games that will be played. In a best-of-five set match, the odds on there being over 30 games played are typically around 2.00.

Handicap Betting

This is a bet on which player will win a match with a certain handicap. The handicap is a difference in games that is applied to the score of the match. For example, if Novak Djokovic is given a -3.5 handicap against Daniil Medvedev, then he must win the match by at least four games in order for the bet to win. Handicap betting is a popular way to bet on matches where there is a clear favorite.

Other Betting Types

In addition to the popular betting types listed above, there are a number of other markets available at the Australian Open betting sections. These include:

• First set winner
• Correct score
• Ace betting
• Double fault betting
• Break of serve betting
• Tiebreak betting

These betting types are typically more difficult to win than the popular betting types, but they can also offer higher odds.

Examples of Bets for the Australian Open 2024

Here are some examples of Australian Open bets that you can place, odds to added.

• Outright winner: Novak Djokovic to win the 2024 Australian Open (odds of 2.10)
• Match winner: Sinner to win against Carlos Alcaraz in the 2024 Australian Open men’s singles semifinals.
• Set betting: There to be over 3.5 sets played in the 2024 Australian Open women’s singles final.
• Game betting: There to be under 20 games played in the 2024 Australian Open men’s singles quarterfinals between Novak Djokovic and Daniil Medvedev.
• Handicap betting: Aryna Sabalenka to beat Iga Swiatek with a +1.5 handicap in the 2024 Australian Open women’s singles final.

Reasons to Bet on the Australian Open

There are a number of reasons why betting on the Australian Open is very popular.

• Strong field: The Australian Open attracts one of the strongest fields in tennis. The top players in the world are all eager to win the first Grand Slam tournament of the year, after a usually slow December for tennis.
• Unpredictable: The Australian Open is one of the most unpredictable Grand Slam tournaments. There have been a number of upsets in recent years, making it a good tournament for betting on underdogs.
• Variety of betting types: There is a wide variety of betting types available for the Australian Open as it’s one of the biggest events of the year. This gives bettors plenty of options and allows them to tailor their bets to their own preferences.

Betting Tips

Here are a few betting tips for the Australian Open:

• Do your research: Before placing any bets, it is important to do your research and understand the players and the tournament. This will help you to make more informed bets.
• Don’t bet on every match: It is important to be selective when placing bets. Don’t just bet on every match. Instead, focus on the matches that you have the most confidence in.
• Manage your bankroll: It is important to manage your bankroll carefully. Don’t bet more money than you can afford to lose.
• Set limits: Set limits for yourself on how much money you are willing to bet on each match and on the tournament overall.

+21 | T&Cs Apply
Gambling can be addictive, always play responsibly. If you or someone you know has a gambling problem and wants help, call 1-800 GAMBLER in the U.S or visit 800Gambler.org.

+18 | T&Cs Apply
Gamble Responsibly! If you need help regarding your gambling habits, please visit GambleAware or GamCare.

+19 | T&Cs Apply
Gambling can be addictive, please play responsibly

+18 | T&Cs Apply
Gamble Responsibly! If you need help regarding your gambling habits, please visit gamblinghelponline.org.au or call 1800 858 858 for confidential support.

DISCLAIMER: Online Wagering is illegal in some jurisdictions. Tennis Nerd takes no responsibility for your actions. It’s your responsibility to check your local regulations before joining or betting on a sportsbook.