2023 Australian Open Betting Odds

2023 Australian Open Betting Odds
✍️ Written by
Sarah Ryan
🗓 Updated
May 19th 2023

We’re just over ten days into the Australian Open, and just ten days shy of the Australian Open wrapping up. The tournament is one of the first major tennis events of the new year, the 111th edition of the tournament, the first full-capacity edition since 2020, and far from the last major tennis tournament in 2023.

As we head into the middle stretch of the tournament, neither of last year’s reigning men’s and women’s champions is defending their titles. Rafael Nadal lost in the 2nd round this year (there are six singles rounds and seven doubles rounds), and Ashleigh Bartley retired from tennis shortly after she won the Open last year.

You might be looking at betting single moneylines, set handicap spreads, or perhaps the over/under on the total games in a match. But if you’re interested in single tennis bets with a little more juice, FanDuel Sportsbook still has futures betting markets open on the Australian Open!

While the Vegas oddsmakers can’t offer crystal clear Australian Open predictions on guaranteed favorites, they already have a few favored leans, with a week and a half in, and with a week and a half to go. So with that said, let’s take a look at the current odds standings’ on FanDuel’s (near-future) Australian Open futures markets!

2023 Men’s Australian Open Winner 

  • Novak Djokovic, -130

  • Daniil Medvedev, +390

  • Stefanos Tsitsipas, +1500

  • Taylor Fritz, +1900

  • Jannik Sinner, +1900

  • Holger Rune, +2000

  • Felix Auger Aliassime, +2700

  • Casper Ruud, +3200

  • Frances Tiafoe, +4800

  • Sebastian Korda, +4800

  • Alexander Zverev, +6000

  • Cameron Norrie, +6000

  • Andrey Rublev, +7000

  • Denis Shapovalov, +10000

  • Andy Murray, +12000

  • Alex De Minaur, +12000

  • Hubert Hurkacz, +12000

  • Karen Khachanov, +13000

  • Grigor Dimitrov, +16000

  • Mackenzie Mcdonald, +16000

  • Roberto Bautista-Agut, +18000

  • Pablo Carreno Busta, +18000

  • Thanasi Kokkinakis, +18000

  • Yoshihito Nishioka, +21000

  • Diego Schwartzman, +25000

  • Daniel Evans, +25000

  • Tim Van Rijthoven, +25000

  • Tommy Paul, +25000

  • Liam Broady, +25000

  • Adrian Mannarino, +25000

  • Maxime Cressy, +25000

  • J.J Wolf, +25000

  • Ben Shelton, +25000

  • Jenson Brooksby, +25000

  • Laslo Djere, +25000 

    Joao Sousa Tallon Griekspoor, +25000

  • Ugo Humbert, +25000

  • Jeremy Chardy, +25000

  • Alejandro Davidovich Fokina, +25000

  • Marton Fucsovics, +25000

  • Emil Ruusuvuori, +25000

  • Francisco Cerundolo, +25000

  • Benjamin Bonzi, +25000

  • Jiri Lehecka, +25000

  • Alexei Popyrin, +25000

  • Brandon Holt, +25000

  • Enzo Couacaud, +25000

As of this moment, we only have two people favored below +1000 odds to win the men’s Australian Open title: Novak Djokovic, at -130 odds, and Daniil Medvedev, at +390 odds. Though the Serbian tennis player might have some questionable opinions about healthcare, Djokovic’s ability to handle a racket is certainly not up for question.

He has previously ranked as the ATP’s No. 1 tennis player for a record 373 weeks and counting, won 21 Grand Slam titles (just shy of Nadal’s 22), and previously won the Australian Open nine times. Despite suffering a hamstring injury scare early on in this year’s Open (ironically enough, while practicing with Medvedev), this betting market's bookmakers are still clearly favoring Djokovic to take home his tenth Open title.

Furthermore, they’re clearly favoring his chances to catch up with the Grand Slam record set by last year’s men’s champion. If Djokovic isn’t able to catch up to Nadal though, then Daniil Medvedev is a decent underdog contender to take home the championship title, and the biggest slice of the Open’s prize money pie, of $76M Australian dollars and counting!

So far, Daniil hasn’t been afraid to quickly drop his competition, as well as any Melbourne crowd members who happen to grind his gears (TMZ). As long as Medvedev is able to maintain his performance and not allow his gears to be ground too much, his slightly more favorable odds here are rightly earned.

Beyond the +1000 odds range, we have a few other notable names who could possibly pull it off within the next week and a half. For instance, Janiik Sinner (+1900) made it all the way to the quarter-finals in last year’s open, Holger Rune (+2000) currently has a 9-6 record against players who were previously ranked Top 10 in the ATP, and Casper Ruud (+3200) is currently ranked #3 in the men’s global ATP rankings.

We would only recommend sprinkling smaller units on these longer-shot contenders though. It’s not out of the realm of impossibility that one of them could stand to outdo Djokovic or Medvedev in their spots, but it’s far from guaranteed.

Women’s 2023 Australian Open Winner

  • Iga Swiatek, +170

  • Jessica Pegula, +650

  • Aryna Sabalenka, +850

  • Cori Gauff, +1200

  • Caroline Garcia, +1300

  • Belinda Bencic, +1300

  • Ons Jabeur, +2000

  • Elena Rybakina, +2300

  • Veronika Kudermetova, +2300

  • Madison Keys, +2600

  • Maria Sakkari, +3000

  • Liudmila Samsonova, +3200

  • Barbora Krejcikova, +3800

  • Marketa Vondrousova, +5500

  • Danielle Collins, +5500

  • Victoria Azarenka, +7000

  • Karolina Pliskova, +7000

  • Anett Kontaveit, +8500

  • Leylah Fernandez, +8500

  • Marta Kostyuk, +10000

  • Donna Vekic, +12000

  • Jelena Ostapenko, +12000

  • Linda Fruhvirtova, +12000

  • Anhelina Kalinina, +13000

  • Elise Mertens, +22000

  • Anastasia Potapova, +25000

  • Lin Zhu, +25000

  • Taylor Townsend, +25000

  • Petra Martic, +25000

  • Magda Linette, +25000

  • Varvara Gracheva, +25000

  • Camila Giorgi, +25000

  • Laura Siegemund, +25000

  • Irina-Camelia Begu, +25000

  • Yulia Putintseva, +25000

  • Kateryna Baindl, +25000

  • Lauren Davis, +25000

  • Bernarda Pera, +25000

  • Ekaterina Alexandrova, +25000

  • Shelby Rogers, +25000

  • Shuai Zhang, +25000

  • Claire Liu, +25000

  • Nuria Parrizas Diaz, +25000

  • Kimberly Birrell, +25000

  • Anna Karolina Schmiedlova, +25000

  • Cristina Bucsa, +25000

  • Lucrezia Stefanini, +25000

  • Katie Volynets, +25000

In this futures market, we currently have only three tennis players favored below +1000 odds to win the 2023 women’s Australian Open title:

  1. Iga Swiatek, currently at +170 odds

  2. Jessica Pegula, currently at +650 odds

  3. Aryna Sabalenka, currently at +850 odds

Swiatek currently holds a decisive first-place lead in this market, and rightfully so. She is currently ranked #1 in the ATP and WTA’s women’s tennis rankings, and though Swiatek didn’t go on to win 2022’s Australian Open, she still ended the year winning two other Majors. The Polish tennis phenom is a clear top seed in this spot, but Jessica Pegula isn’t the worst underdog contender.

The New York native previously won two singles and five doubles titles alongside Cori Gauff, who is a +1200 underdog to win the women’s Open title. If the playing field drastically shifts over the next week and a half, those odds might both make them decent underdogs in this market. Even so, Aryna still can’t be counted out just yet.

She has previously won 17 career titles (11 of which were in singles tennis), the 2021 Australian Open doubles championship title, and is currently ranked in #3 in the WTA’s global rankings. If Pegula or Swiatek fall behind over the next week and a half, Aryna is a strong contender to potentially pull off an underdog upset.

Likewise, Ons Jabeur is No. 2 in the WTA’s global rankings, and her Australian Open prospects are currently priced at +2000 underdog odds. Again though, only place small stakes on these futures dart throws. Never wager more than you would be comfortable losing!

2023 Australian Open Finalists

FanDuel Sportsbook currently has two futures markets open on the women’s Australian open finalists: a market on the overall finalists, and a market on the final two finalists. Let’s take a look at the current standings on both:

Name The Finalists

  • Iga Swiatek v Aryna Sabalenka, +950

  • Iga Swiatek v Belinda Bencic, +1100

  • Iga Swiatek v Caroline Garcia, +1200

  • Iga Swiatek v Ons Jabeur, +2300

  • Jessica Pegula v Aryna Sabalenka, +2600

  • Coco Gauff v Aryna Sabalenka, +3000

  • Jessica Pegula v Caroline Garcia, +3200

  • Coco Gauff v Caroline Garcia, +3800

  • Coco Gauff v Belinda Bencic, +4500

  • Jessica Pegula v Ons Jabeur, +4500

  • Coco Gauff v Ons Jabeur, +5500

To Reach The Final

  • Iga Swiatek, +110

  • Aryna Sabalenka, +350

  • Caroline Garcia, +480

  • Belinda Bencic, +500

  • Jessica Pegula, +500

  • Coco Gauff, +600

  • Veronika Kudermetova, +950

  • Ons Jabeur, +1100

  • Liudmila Samsonova, +1600

  • Elena Rybakina, +1600

  • Maria Sakkari, +1600

  • Madison Keys, +2100

  • Barbora Krejcikova, +2300

  • Danielle Collins, +2300

  • Leylah Fernandez, +2600

  • Anett Kontaveit, +2600

Two of the top three players in the women’s Australian Open championship market, Swiatek and Sabalenka, are among the top two in these two markets. Although it’s harder to predict which one will take the final outright (or if they’ll even take the title at all), the oddsmakers appear more favorable to their prospects of making the finals.

It’s reasonable to assume that they could make it if they maintain their performance from the last week and a half into the next week and a half. Whether or not any upsets are pulled off over the next week and a half is anyone’s guess. But while you study up on your futures before you place any future dart throws, you can read our FanDuel review to better understand how their promos could potentially stack your bankroll with extra bet credit.

Wager responsibly.

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