2024 Australian Open betting odds – who are the top favourites?

2024 Australian Open betting odds – who are the top favourites?
Photo by Icon sport

The Australian Open betting odds for the 2024 tournament are officially available at most betting sites right now. Then again, the first Grand Slam of the season is right around the corner, so this is how it should be! And if you’re curious as to how these odds stack up for both the men’s and women’s events this year, you’re in the right spot.

My goal today is to give you the 2024 Australian Open betting odds for the main favourites on both the men’s and women’s sides. Therefore, to keep things as relevant as possible, I shall stick with the top three favourites for each event. Of course, I shall be discussing why these respective players have been given such odds also.

All of this is designed to give an indicator as to who might win the 2024 Australian Open. Yet, at the same time, for those who wish to place an outright wager on the tournament, this information should help guide your choices, too. 

Finally, once you’re done checking out the latest Australian Open betting odds provided here, you may like to check out my latest 2024 Australian Open predictions. This way, you can cross-reference the information given here with some in-depth analysis of the main event favourites. 

But for now, let’s zone in on the top contenders for the 2024 Australian Open.

Australian Open betting odds 2024 – key information to keep in mind

Before we get into the ins and outs of the main favourites for 2024, I feel it’s important to address some key information. After all, not all of you will have the same level of betting experience and/or knowledge of tennis betting in general. Therefore, I wish to clarify just a few points before we take a deep dive into the 2024 Australian Open betting odds.

Firstly, I must point out that the odds provided today, while accurate at the time of writing, are subject to change. That’s because the odds will almost certainly adapt as the tournament progresses. And like all betting markets, the odds can adjust based on general betting activity too. 

Secondly, the Australian Open betting odds discussed here simply indicate the implied probability that an individual will win the tournament. This means that the odds you see today are a mere representation of the ‘most likely’ outcomes.

Lastly, you should know that different betting sites have different Australian Open betting odds for each participant. So if you’ve got some time on your hands and you wish to guarantee the best price for your selection, you may wish to shop around, so to speak.

Now, with those finer points identified, let’s get into the real reason you are here.

ATP Australian Open betting odds – event favourites discussed

In the last few days, as a result of a few shock Australian Open withdrawals, the odds have chopped and changed quite a bit for the men’s event. But regardless of these changes, we can still look at the top three favourites as things stand:

Novak Djokovic – 1/1 Odds

2024 Australian Open betting odds
By Icon Sport

Unsurprisingly, the world number one and ten-time champion is the favourite to win the 2024 Australian Open. This is his most successful Grand Slam, and he is on a 28-match win streak in Melbourne, which started in his tournament-winning campaign of 2019.

Carlos Alcaraz – 11/4 Odds

As we all know, Carlos Alcaraz is the next big thing in men’s tennis. In fact, he’s already a ‘big thing’. He was the youngest world number 1 of all time in 2022, and he has 2 Grand Slam titles at just 20 years of age. But interestingly, the Australian Open is his least successful slam when compared to the other three.

Jannik Sinner – 11/2 Odds

Given the way that Jannik Sinner finished the 2023 season, many are speculating that he will win a slam in 2024. On that note, as the Australian Open betting odds show, Sinner is the third favourite to take the title in Melbourne. It’s somewhat exciting that he has beaten Djokovic twice in their last three meetings too, not to mention that Sinner is the world number 4 right now.

WTA Australian Open betting odds – top contenders to watch

Switching our attention to the women’s event now, the possible outright winner for this one is less ‘nailed on’ compared with the men’s event. Of course, this makes it a very exciting tournament to tune in for, and you can track all the action through our Australian Open schedule guide

As for the 2024 Australian Open betting odds right now, let me highlight the top three contenders while providing key details for each.

Iga Swiatek – 2/1 Odds

Australian Open betting odds 2024
Photo by Icon sport

In a mirror image of the odds for the men’s event, it’s the world number one who is the top contender right now. She has won 4 Grand Slams in her career, yet her best performance at the Australian Open has been a semi-final appearance in 2022. Then again, Swiatek recently produced five wins from five in the United Cup, so she’s clearly in great form right now.

Aryna Sabalenka – 5/1 Odds

The Australian Open betting odds are fairly high for last year’s champion, Aryna Sabalenka. As things stand, she is the world number two, and her 2023 Grand Slam season was rather phenomenal. Not only did she win the Australian Open, but she also made the finals of the US Open and reached the semi-finals at both Wimbledon and the French Open.

And since she has won this event before, she will certainly believe that she can do it again.

Elena Rybakina – 5/1 Odds

As you might recall, Elena Rybakina was last year’s runner-up at the Australian Open. It just so happens that she is ranked number three in the world right now too. So the 2024 Australian Open betting odds for the top three favourites mirror the current WTA rankings.

Furthermore, much like the other two players, she has won a Grand Slam previously, which came at Wimbledon in 2022. But with that said, her Grand Slam form in 2023 was patchy, so one has to wonder about her belief coming into this event.

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