Top 8 Australian Open Odds & Picks (2024)

by BettingPros Staff |
Jan 13, 2024

For the second time in the last three years, Novak Djokovic won three of the four majors in a calendar year, and he started that run of dominance at the Australian Open. Djokovic cashed for bettors who were willing to back him at short +110 pre-tournament odds, and his odds are short once again, considering he has won each of the previous four Australian Opens he has participated in (Djokovic was ineligible in 2022 after not being vaccinated against COVID-19).

The odds leaderboard was altered slightly after Rafael Nadal was thought to be ready to make his return to the first Grand Slam of the year after winning it in 2022, but he withdrew after suffering a hip injury and a small muscle tear in Brisbane and is focused on rest and rehabbing to be back in time for the French Open.

Stan Wawrinka is the only other men's player in the field with an Australian Open title to his name, but that came back in 2014. Can anyone else win their maiden Australian Open title, or is Djokovic winning a record 11th a mere formality?

2024 Australian Open Best Bets & Picks

Novak Djokovic

Betting Advice & Pick: Wrist injury aside, Djokovic still has a 28-match winning streak at the Australian Open. If he makes it to the semifinals, it could more or less be lights out for the rest of the field, as he is 20-0 in Australian Open semifinals and finals in his career, and should not be overlooked just because of his short odds from winning an 11th Australian Open. The best way to play Djokovic would either be to win outright, or to be upset before the semifinals.

Carlos Alcaraz

Betting Advice & Pick: Alcaraz only played 17 tournaments last season, and with every other player in the top five of the ATP rankings except for Djokovic playing more matches than him in 2023, his fresh legs are a big reason we are backing his +350 odds at DraftKings to win his first Australian Open and third overall Grand Slam.

Holger Rune

Betting Advice & Pick: Rune is a good value play to win his quarter at +350 odds at DraftKings, but a semifinal appearance would likely be his ceiling.

Iga Swiatek

Betting Advice & Pick: The way Swiatek cruised through her first five singles matches of this season suggests that she is ready to break through for her first Australian Open title. Her 16 consecutive singles match victories is her longest winning streak since her 37-match streak in 2022, and we are happy to back her at +250 odds to win the tournament.

Elena Rybakina

Betting Advice & Pick: Rybakina is 9-5 in her career against top-3 players in the world and has won eight of the last nine such matches. She has 33 consecutive holds of serve in 2024, entering this past week, and she should at least ride her big serve to a semifinal appearance.

Aryna Sabalenka

Betting Advice & Pick: Sabalenka reached the semifinals or better in all four Grand Slams last year, so her -110 odds to win her quarter seem appropriate.

Cori Gauff

Betting Advice & Pick: Gauff has a very winnable quarter with the rusty Naomi Osaka having the second-best odds in her section, so getting her at +110 to reach the semifinals seems like a steal.

Mirra Andreeva

Betting Advice & Pick: Andreeva has the second-best odds to win her quarter behind Aryna Sabalenka, but even though she would have to get through Ons Jabeur before a potential quarterfinal meeting with Sabalenka, the +750 odds at FanDuel are too good to pass up when DraftKings offers +450 for the same wager.

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