Australian Open Odds: Medvedev Favored With Djokovic Out

Tennis' first Grand Slam of the year is less than 24 hours away and with Djokovic out, Daniil Medvedev enters as the favorite. Meanwhile, women's world No. 1 Ashleigh Barty is the favorite over Naomi Osaka. Here are the latest odds for the Australian Open.

Last Updated: Jan 16, 2022 11:26 AM ET Read Time: 3 min
Daniil Medvedev Australian Open
Photo By - USA TODAY Sports

Australian Open odds are heating up, as the first Grand Slam on this year's calendar is less than 24 hours away. The 2022 tournament will run from January 17-30 at Melbourne Park.

We break down the field with odds to win the Australian Open for both men's and women's competitions. 

Odds to Win Australian Open Men's Singles

Player Odds to win 
Daniil Medvedev +140
Alexander Zverev +240
Rafael Nadal +600
Jannik Sinner +1,800
Stefanos Tsitsipas +2,000
Carlos Alcaraz +3,300
Matteo Berrettini +3,300
Andrey Rublev +4,000
Aslan Karatsev +5,000
Felix Auger Aliassime +5,000
Denis Shapovalov +6,600
Casper Rudd +6,600
Cameron Norrie +6,600
Gael Monfils +6,600
Karen Khachanov +6,600
Hubert Hurkacz +6,600
Andy Murray +8,000
Sebastian Korda +8,000

Odds courtesy of bet365, January 16, 2022.

Favorite to Win the 2022 Australian Open Men's Championship

Daniil Medvedev (+140)

With Djokovic out, the top spot on the Australian Open odds board belongs to Medvedev. The 25-year-old had his strongest year as a pro in 2021 when he reached the Australian Open finals - losing to Djokovic - and winning his first major tournament at the US Open (also against Djokovic).

Alexander Zverev (+240)

The German is both third on the odds board and in the ATP rankings. He was in the mix at all four Grand Slam tournaments in 2021, reaching the semifinals at both the French Open and US Open. He'll look to do better than his career-best finish at the Australian Open, which was also a trip to the semis in 2020, where he lost to Dominic Thiem in four sets.

Rafael Nadal (+600)

After injuries derailed much of Nadal's 2021, he's off to a roaring start in 2022 after topping Maxime Cressy at Melbourne over the weekend to ensure he'll finish 2022 with at least one ATP title for the 19th straight year. The former world No. 1 is ranked sixth overall entering the Aussie Open, a tournament he's only conquered once way back in 2009 when he beat Roger Federer in five epic sets.

Jannik Sinner (+1,800)

Sinner, currently ranked 11th, is coming off his strongest year as a pro and could be poised for a breakout. He was dispatched by Denis Shapovalov in the first round of last year's tournament.

Stefanos Tsitsipas (+2,000)

Stefanos Tsitsipas rounds out the Top 5. Tsitsipas reached the semifinals in last year's tournament before losing to Medvedev in straight sets. 

Odds to Win Australian Open Women's Singles

Player Odds to win 
Ashleigh Barty +300
Naomi Osaka +650
Garbine Muguruza +1,100
Iga Swiatek +1,200
Simona Halep +1,400
Anett Kontaveit +1,400
Paula Badosa +1,600
Barbora Krejcikova +2,000
Elena Rybakina +2,000
Cori Gauff +2,200
Aryna Sabalenka +2,500
Victoria Azarenka +3,300
Maria Sakkari +3,300
Leylah Fernandez +4,000
Ons Jabeur +4,000
Daria Kasatkina +4,000
Petra Kvitova +4,000
Emma Raducanu +4,000
Amanda Anisimova +5,000
Angelique Kerber +5,000
Madison Keys +5,000

Odds courtesy of bet365, January 16, 2022.

Favorite to Win the 2022 Australian Open Women's Championship

Ashleigh Barty (+300)

WTA world No. 1 Ashleigh Barty rightfully enters the Aussie Open as the women's favorite at +300. While she was upset in the quarterfinals of last year's event, she won it in 2020 and went on to take the Wimbledon title last year, adding to her Grand Slam tally. And she's entering this year's tournament fresh off her second Adelaide International title after defeating Elena Rybakina in straight sets on Sunday.

Naomi Osaka (+650)

Barty is followed by defending champ Naomi Osaka at +650. Osaka took chunks of last season off for personal matters after a withdrawal from the French Open and a painful collapse in the US Open. Despite the period away from competition, she's arguably the best on the planet when in peak form. However, that might not be the case this year as Osaka was forced to withdraw from the Melbourne Summer Set semifinals due to an abdominal injury. Keep an eye on her status leading up to the tournament.

Garbine Muguruza (+1,100)

The No. 3-ranked women's tennis player is also getting third-best odds. Muguruza won the 2021 WTA Finals in November in a straight-set victory over Annet Kontaveit. Barty, who had won that tournament when it was previously held in 2019, did not participate. 

Iga Swiatek (+1,200)

In the No. 4 spot is Iga Swiatek, who recently withdrew from the Sydney Classic to rest up for the Australian Open. The 20-year-old was eliminated in the fourth round of last year's event.

Two tied at +1,400

Anett Kontaveit and Simona Halep currently round out the Top 5 on the odds board, both tied at +1,400. Kontaveit's strongest career finish at a Grand Slam tournament came at the 2020 edition of the Australian Open when she reached the quarterfinals, losing to Halep. 

Halep, a former world No. 1 in her own right, was sidelined by a variety of injuries in 2021 and finished outside the Top 5 in WTA rankings for the first time since 2013. She has two Grand Slam wins in her career, and reached the Australian Open finals in 2018.

Previous Australian Open Singles Champions

Year Men's Champion Women's Champion
2021 Novak Djokovic Naomi Osaka
2020 Novak Djokovic Sofia Kenin
2019 Novak Djokovic Naomi Osaka
2018 Roger Federer Caroline Wozniacki
2017 Roger Federer Serena Williams
2016 Novak Djokovic Angelique Kerber
2015 Novak Djokovic Serena Williams
2014 Stan Wawrinka Li Na
2013 Novak Djokovic Victoria Azarenka
2012 Novak Djokovic Victoria Azarenka
2011 Novak Djokovic Kim Clijsters

How to Bet on Australian Open Tennis Odds

Tennis betting is most commonly done with moneyline odds for a match. Each player is assigned a moneyline price and bettors can wager on which one they think will win. Sportsbooks also offer futures odds for each tournament in which you can bet on which player will win that specific tournament. 

Tennis futures odds usually look like this:

  • Player A +600

This means that on a $100 bet, you'll stand to win $600 if Player A wins the tournament. If it's close to the end of a tournament or one player has been particularly dominant, you might see someone with a minus sign (-) ahead of their odds:

  • Player B -120

This means that you would need to wager $120 to win $100 on Player B winning the tournament.

Above we have posted the American odds for the US Open. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.

Australian Open FAQ

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