With the first Grand Slam of the season approaching, sportsbooks have released early Australian Open odds for 2026, offering a first look at how the title races are shaping up on both tours.
On the men’s side, Jannik Sinner sits atop the futures board following a dominant hard-court run, while Aryna Sabalenka leads the way in the women’s market as a proven force in Melbourne.
Below, we break down the latest odds, key contenders, and early betting angles as the tournament draws closer.
2026 Australian Open men's singles odds
| Player |  |
|---|---|
| Jannik Sinner | -110 |
| Carlos Alcaraz | +160 |
| Novak Djokovic | +1400 |
| Alexander Zverev | +2000 |
| Daniil Medvedev | +3000 |
| Taylor Fritz | +3000 |
| Joao Fonseca | +5000 |
| Ben Shelton | +5000 |
| Felix Auger Aliassime | +6500 |
| Alex De Minaur | +6500 |
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2026 Australian Open men's singles favorites
Despite ending the year as World No. 1, Carlos Alcaraz finds himself second in the betting market behind Jannik Sinner, who is looking for the three-peat of Aussie Open titles.
Alcaraz got the better of Sinner in the US Open, which is why the men’s title market is currently being driven by those two names.
Behind them sit proven contenders such as Novak Djokovic and Alexander Zverev, both of whom have shown the ability to make deep runs in Melbourne.
2026 Australian Open women's singles odds
| Player | |
|---|---|
| Aryna Sabalenka | +225 |
| Iga Swiatek | +450 |
| Elena Rybakina | +850 |
| Mirra Andreeva | +900 |
| Coco Gauff | +900 |
| Amanda Anisimova | +1000 |
| Naomi Osaka | +1800 |
| Madison Keys | +2500 |
| Qinwen Zheng | +3000 |
| Jessica Pegula | +3500 |
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2026 Australian Open women's singles favorites
It comes as little surprise to see Aryna Sabalenka listed as the pre-tournament favorite. She’s bidding for her third Australian Open title in four years, having seen her three-peat hopes denied in last season’s final by Madison Keys.
Just behind her, Iga Swiatek is once again a popular choice to make a deep run in Melbourne, while rising star Mirra Andreeva profiles as a potential breakout contender worth monitoring as the tournament approaches.
Previous Australian Open singles champions
| Year | Men's Champion | Women's Champion |
|---|---|---|
| 2025 | Jannik Sinner | Madison Keys |
| 2024 | Jannik Sinner | Aryna Sabalenka |
| 2023 | Novak Djokovic | Aryna Sabalenka |
| 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 |
More tennis futures markets
How to bet on Australian Open 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:
- Carlos Alcaraz +250
This means that on a $100 bet, you'll stand to win $250 if Alcaraz 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:
- Novak Djokovic -120
This means that you would need to wager $120 to win $100 on Djokovic winning the tournament.
Above we have posted the American odds for the Australian Open. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.
Australian Open Odds FAQs
Jannik Sinner and Aryna Sabalenka are the pre-tournamnet betting favorites to win the 2026 Australian Open.
Jannik Sinner (men) and Madison Keys (women) are the current Australian Open defending champions.
The Australian Open will be held at Melbourne Park in Melbourne, Australia.
