Novak Djokovic favored in our 2023 Australian Open picks and odds

2023 Australian Open Odds: Finals Are Here, Djokovic Looking For Lucky 22

The Australian Open, the first Grand Slam of the year, has been accounted for. On the men's side, Novak Djokovic hoisted his 10th title at the Australian Open with a three-straight set (6-3, 7-6, 7-6) win over No. 3 Stefanos Tsitsipas. It earned him his 22nd Grand Slam singles title, tying him with Rafael Nadal for most ever. On the women's court, Aryna Sabalenka became the champion and surged past her two-year Melbourne curse of being eliminated in the fourth round. No. 5 Sabalenka came back against No. 22 Elena Rybakina in a 4-6, 6-3, 6-4 finish. She dropped just one set all tournament to pocket her first Grand Slam.

Djokovic, the world No. 5, made his return Down Under as the favorite on the men’s side after COVID-19 vaccination requirements kept him out of last season’s tournament. Women’s No. 1 Iga Swiatek was also favored heading into the tourney but was shown the door by Rybakina in the fourth round.

We break down the tennis betting picks for the men’s and women’s sides based on the most recent Australian Open odds.

Who Are The ATP Australian Open Betting Favorites? 

ATP – Men’s 2023 Australian Open Odds
Novak Djokovic-450
Stefanos Tsitsipas+300

Odds as of January 27

Favorites To Win The Men’s Australian Open

If the 35-year-old Djokovic wins this tournament at Melbourne Park like he’s favored to do, it’ll be his 10th title at the Australian Open. It would also be his 22nd Grand Slam singles title, tying him with Rafael Nadal for most ever – that should provide plenty of incentive.

Djokovic, who has dropped just one set in this tournament as the No. 4 seed, advanced to the final with a win over American Tommy Paul in three straight sets. Stefanos Tsitsipas now stands between him and his 22nd Grand Slam title. You know he’s in it to win it and continue making history – count on him to do it.

According to our odds calculator, at -450 odds the Serbian has an 81.82 percent likelihood of taking home the Norman Brookes Challenge Cup.

Australian Open Men’s Singles Value pick: Stefanos Tsitsipas (+300)

Tsitsipas has put on a noble performance in the Australian Open, a tournament in which he’s reached the semifinals in four of the last five years. He cycled through Karen Khachanov in four sets (7-6, 6-4, 6-7, 6-3) to book his date with Djokovic in the final. 

The 24-year-old Greek has dropped just two more sets than Djokovic, needing five sets to get past No. 15 Jannik Sinner in the fourth round and four to win his semifinal match vs Khachanov. He knocked off Jiri Lehecka in straight sets in the quarterfinal.

Currently the world No. 4, Tsitsipas is the highest-ranked player left in the tournament and he’s at the top for a reason. If you’re looking to bank better buck on a bet, a $100 wager on Tsitsipas at +300 would pay out $400.

Who Are The WTA Australian Open Betting Favorites?

WTA – Women’s 2023 Australian Open Odds
Aryna Sabalenka-138
Elena Rybakina+120

Odds as of January 27

Favorite To Win The Women’s Australian Open

Aryna Sabalenka (-138)

No. 5 Sabalenka doesn’t have the best resume in Melbourne, being bounced out of the tournament in the fourth round during her two most recent visits. The 24-year-old also failed to pick up any titles in 2022, but she has turned it around and was already off to a strong start this year.

Before the Australian Open, she was crowned the Adelaide International champion, posting her first title win since May 2021. She hasn’t dropped a set in Melbourne Park and her tightest match was her 7-6, 6-2 triumph over Poland’s Magda Linette in the semifinals. The Belarusian will look to carry her momentum into this weekend’s final against Rybakina. 

Australian Open Women’s Singles Value pick: Elena Rybakina (+120)

You’ve gotta give credit to the 23-year-old Kazakhstani, who knocked out the world No. 1 and the heavy favorite heading into the tournament. The No. 22 Rybakina, the 2022 Wimbledon champion, pushed past Poland’s Iga Swiatek in two straight sets (6-4, 6-4).

She should have a higher ranking given her recent performances, but since Wimbledon banned Russian and Belarusian players last year, she wasn’t given any ranking points. She topped Victoria Azarenka 7-6, 6-3 in the semifinals, and at +120 going into the final, she brings the profit and she brings the heat. I’m thinking Rybakina will be adding another Grand Slam title to her trophy case. 

Last 10 Australian Open Winners

Last 10 Australian Open Men’s and Women’s Singles Winners and opening Odds
YearMen’s Singles WinnerOpening OddsWomen’s Singles WinnerOpening Odds
2022Rafael Nadal+700Ashleigh Barty+500
2021Novak Djokovic+110Naomi Osaka+500
2020Novak Djokovic+175Sofia Kenin+4000
2019Novak Djokovic+130Naomi Osaka+1000
2018Roger Federer+350Caroline Wozniacki+3300
2017Roger Federer+2000Serena Williams+185
2016Novak Djokovic-125Angelique Kerber+5000
2015Novak Djokovic+125Serena Williams+175
2014Stanislas Wawrinka+3300Li Na+1200
2013Novak Djokovic+150Victoria Azarenka+300

Djokovic, as you can see, is a powerhouse Down Under. He owns the most Australian Open titles with nine. The closest to his lead is Roger Federer with six.

It’s interesting to note that women’s singles underdogs have a greater tendency to emerge as champions in the tournament compared to the men’s side. Five of the last 10 Australian Open women’s victors have had opening odds of +1000 or higher.

How To Bet On The Australian Open

Understanding how to read Australian Open tennis odds is crucial in making smart picks. The best part is you don’t need to be Steffi Graf in order to comprehend Australian Open betting odds. Our tennis online gambling guide details how the sport is scored, so you can smash all of your men’s and women’s tennis wagers.