2026 Australian Open Odds & Betting Markets

It should be no surprise to any that Novak Djokovic is among the favourites to win the first Grand Slam of 2026. But who else is in with a chance of winning? See our Australian Open Odds below.

The Australian Open is the first major ATP and WTA tennis event on the calendar, and it’s the one that all players want to win to get their seasons off to the perfect start. Hosted in Melbourne each year, the Australian Open features all the world’s best players and is a true test of hardcourt tennis.

Join us as we look forward to the Australian Open and explain how you can bet on this Grand Slam event at Parimatch.

The Australian Open tennis tournament runs during mid-January, offering spectators and bettors two weeks of major tennis action. As always, the tournament is held at Melbourne Park, its venue every year since 1988.

Before we get into the betting markets and options ahead of this year’s event, we want to look at the recent history of this Grand Slam tournament.

Italian Jannik Sinner is the current men’s Australian Open champion after defeating Alexander Zverev in the 2025 final. It was the first Australian Open men’s final without Djokovic or Nadal since 2018 when Roger Federer beat Marin Cilic in the final.

Madison Keys is the current women’s champion, following her shock win over Aryna Sabalenka in the 2025 final. It prevented Sabalenka’s third successive victory in Melbourne after her win against Elena Rybakina in 2023.

Here’s a list of the previous ten men & women singles winners at Melbourne Park to help you pick your 2026 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

Some of the most likely winners of the 2026 Australian Open include Djokovic, Alcaraz, Swiatek, and Gauff.

Men

Novak Djokovic is back and is among the favourites for the 2026 Australian Open. The Serbian superstar has ten wins at Melbourne Park, and though he’s entered the twilight of his career, he has what it takes to add number 11 this year.

Also among the favourites is world number one and current Australian Open champion, Jannik Sinner, who will hope to defend his title. The 23-year-old will look to get his 2026 season off to a winning start and to cement his place as tennis’ new superstar with successive wins in Melbourne.

German talent Alexander Zverev is number two in the ATP world rankings. Though he’s yet to win a Grand Slam event, he’s appeared in two Australian Open semi-finals and will look to go one better this year.

2024 was a spectacular year for Carlos Alcaraz, with the Spaniard winning the French Open and Wimbledon. Though he’s never progressed past the Australian Open quarter-finals, he'll hope 2026 is the year he adds a Melbourne Park victory to his CV to complete his collection.

Women

It’s hard to look past Aryna Sabalenka for the 2026 Australian Open. She’s the world number one and has won twp of the past three Australian Open titles.

Iga Swiatek is also looking for an electric start to her 2026 campaign. Though she has four French Open titles and a US Open crown, Swiatek has never won at Melbourne Park – her best finish was in 2022 when she made it to the semi-finals.

American Coco Gauff, currently world number three, made it to the Australian Open semi-finals for the first time in 2024 and will be keen to add her second Grand Slam title this year, following her 2023 US Open triumph.

Jasmine Paolini, Qinwen Zheng, Jessica Pegula, and Elena Rybakina will all be hoping to reach the latter stages of the tournament this year.

So, how do you bet on the Australian Open at Parimatch? Here are some of your options:

Outright betting

Bet on the tennis player you think will win the 2026 Australian Open outright. Will Djokovic secure title number 11? Will Sabalenka make it three in a row? You decide!

Match betting

Bet on every match in every round of the Australian Open at Parimatch. Get involved in the early rounds, where the top seeds meet the lower-ranked players, or wait until the business end of the tournament for the closest matches.

Handicap betting

In those early tournament matches where the top seeds are likely to dominate, consider placing a handicap bet to level the playing field. This gives you the chance to win more money when backing the favourite.

Totals betting

Get involved in Australian Open totals betting, where you can bet on the number of points or games you think will be in a specific match.

Set betting

Bet on the action within specific sets, including who you think will win which set. This is a brilliant way of breaking the action into smaller chunks for better value.

Live betting

You can wait until the action gets underway in Melbourne and place live wagers on tennis. Bet on things like the player you think will win the next point as you watch the action unfold live.

Parimatch Sportsbook is the home of tennis betting in the United Kingdom. We offer great odds and numerous markets for all Grand Slam events, including the Australian Open.

Bet on Novak Djokovic, Coco Gauff, and all other competitors, and place live wagers as the action gets underway in Melbourne.

To bet for real money, create an account at the Parimatch Sportsbook. Account registration is quick and easy – visit our homepage and click the “Sign Up” button. Then, deposit funds, check for offers, and place your bets.

Please spend some time on our Safer Gambling Portal to learn about responsible gambling to bet within your means.

Who is the favourite for the 2026 Australian Open?

World number one Jannik Sinner is the favourite for the 2026 Australian Open men’s singles. Aryna Sabalenka is the women’s favourite for the 2026 competition.

Who are the current Australian Open champions?

Jannik Sinner and Madison Keys won the 2025 Australian Open singles titles.