2023 Australian Open Odds: Djokovic Massive Chalk, Sabalenka Slight Fave Heading Into Finals

The 2023 Australian Open odds are set for the men's and women's finals, with No. 4 Novak Djokovic a monster favorite against No. 3 Stefanos Tsitsipas, and No. 5 Aryna Sabalenka a slim favorite vs. No. 22 Elena Rybakina.

Last Updated: Jan 27, 2023 9:20 AM ET Read Time: 3 min
Novak Djokovic Australian Open
Photo By - USA TODAY Sports

The 2023 Australian Open finals are set on both the men's and women's side, with Novak Djokovic looking for his 10th career Aussie Open title.

With many of the top seeds — including the No. 1 and No. 2 seeds on both sides — having been erased from the board much earlier than expected, the bracket quickly became wide open.

The men's final features Djokovic and No. 3 Stefanos Tsitsipas, who is in search of his first career Grand Slam title, while the women's half will see No. 5 Aryna Sabalenka try to claim his first GS title (in her first final) against Elena Rybakina, who already has a Wimbledon title under her belt and eliminated World. No. 1 Iga Swiatek from this competition.

Here are the latest odds to win the 2023 Australian Open for both the men's and women's finals. 

Odds to Win Australian Open Men's Singles

(3) Stefanos Tsitsipas January 29, 3:30 a.m. ET (4) Novak Djokovic
+350 Moneyline -475
+5.5 (+100) Game spread -5.5 (-125)
Over 37.5 (-115) Total games Under 37.5 (-110)

Odds courtesy of DraftKings Sportsbook on January 27, 2023.

Favorite to Win the 2023 Australian Open Men's Championship

Novak Djokovic (-475)

Djokovic was forced to miss the 2022 Australian Open to much fanfare after he was deported due to his COVID-19 vaccination status. That interrupted his winning streak at the event after he claimed victory for three straight seasons from 2019-21. He would later win Wimbledon before withdrawing from the US Open due to the United States' own vaccination policy.

Once officially allowed to re-enter Australia, Djokovic was locked in as the betting favorite heading into the tournament and his odds have shortened en route to the finals with the early exits from the No. 1 seed (Rafael Nadal), No. 2 seed (Casper Ruud), and five of the other Top 10 seeds.

This has led to Djokovic being the massive odds-on favorite since the quarterfinal round, and despite battling a hamstring injury, he comes into the final in vintage form, having dropped just one set this tournament and crushing Tommy Paul 7-5, 6-1, 6-2 in the semifinals. 

Odds to Win Australian Open Women's Singles

(22) Elena Rybakina January 28, 3:30 a.m. ET (5) Aryna Sabaleka
+100 Moneyline -125
+1.5 (-115) Game spread -1.5 (-105)
Over 22.5 (-125) Total games Under 22.5 (+105)

Odds courtesy of DraftKings Sportsbook on January 27, 2023.

Favorite to Win the 2022 Australian Open Women's Championship

Aryna Sabalenka (-125)

Only two of the eight quarterfinalists in the women's bracket were seeded within the Top 20 — and only one of them, Aryna Sabalenka, has reached the Australian Open final.

After dumping Magda Linette in the semifinals, Sabalenka has finally reached her first Grand Slam final, but notching her first GS title will not be easy as a slim favorite over No. 22 Elena Rybakina.

Sabalenka has yet to lose a set this tournament — Linette was the first opponent to even take her to a tiebreak — but she has not faced overly tough competition in this year's Aussie, as she's faced just two seeded opponents (the highest being No. 12 Belinda Bencic), while her QF and SF matches were against unseeded players.

That's vastly different than Rybakina's route, as she's dropped just one set all tournament but has beaten four seeded foes in a row en route to the final — including World No. 1 Iga Swiatek in the fourth round.

Also read: Our best free Elena Rybakina vs. Aryna Sabalenka picks 

Previous Australian Open Singles Champions

Year Men's Champion Women's Champion
2022 Rafael Nadal Ashleigh Barty
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.

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