The Australian Open launches the Grand Slam season, bringing the world’s leading players to the hard courts of Melbourne Park. Who will claim the first major title of the year? Explore the latest Australian Open odds below.
Tennis does not ease quietly into the new year. By the middle of January, the leading men’s and women’s players are already in Melbourne chasing the season’s first Grand Slam title.
The Australian Open brings together two weeks of hard-court tennis, best-of-five-set battles in the men’s draw and an unpredictable women’s competition. It also produces hundreds of betting opportunities, from the tournament outrights to individual matches and live markets.
View the latest Australian Open odds at Parimatch and learn more about the markets available throughout the tournament.
Australian Open outright odds allow you to back a player to win the tournament before the final is played. Separate markets are normally available for the men’s and women’s singles competitions, with doubles markets also offered at selected stages.
The odds can begin moving long before the first round. Recent form, injuries, the confirmed entry list and performances in the Australian warm-up events may all affect the prices.
There can be further movement once the draw is released. A player handed a difficult route may drift in the market, while somebody placed in a more favourable section could shorten.
During the tournament, the outright odds continue to change as players win, struggle or leave the competition. Always check the current price in the Parimatch Sportsbook before placing your bet.
The Australian Open takes place at Melbourne Park in Melbourne, Australia. The tournament has been played there since 1988, when it moved from the grass courts of Kooyong to its current hard-court home.
The main draw normally begins during the middle of January and runs for around two weeks. The women’s singles final is played on the closing weekend, followed by the men’s final.
Because of the time difference between Melbourne and the United Kingdom, plenty of early-round matches take place overnight or during the UK morning. Exact start times are confirmed when the daily order of play is released.
Carlos Alcaraz is the reigning men’s singles champion. He recovered from losing the opening set to defeat Novak Djokovic 2–6, 6–2, 6–3, 7–5 in the 2026 final.
It was Alcaraz’s first title in Melbourne and completed his collection of all four Grand Slam singles trophies.
Elena Rybakina won the 2026 women’s singles title after beating Aryna Sabalenka 6–4, 4–6, 6–4. The victory gave Rybakina her second Grand Slam crown and reversed the result of their 2023 Australian Open final.
The last ten completed editions have produced several repeat champions alongside first-time winners in Melbourne.
Past success can provide useful context, particularly when assessing players with a proven record on Melbourne’s hard courts. It cannot predict how the next tournament will unfold, though. Current form, fitness and the draw must also be considered.
There is no permanent Australian Open favourite. The player with the shortest outright odds may change several times between the market opening and the final.
The live market on this page shows who Parimatch currently considers the leading contenders. Recent champions and players with strong hard-court records will often appear towards the front of the betting, but the prices reflect the information available at that particular time.
Carlos Alcaraz returns as the reigning champion after completing the career Grand Slam in Melbourne. His ability to defend, change the pace of a rally and finish points at the net gives him several ways to compete on a hard court.
Jannik Sinner also has an exceptional recent record at the tournament. The Italian won consecutive Australian Open titles in 2024 and 2025 before reaching the semi-finals in 2026.
No discussion of Melbourne is complete without Novak Djokovic. His ten men’s singles titles are a tournament record, and his run to the 2026 final showed why his name still commands attention in the outright market.
Other players may move into contention following a strong end to the previous season or an impressive start to the Australian swing. Check the latest men’s Australian Open odds for the current market order.
Elena Rybakina will attract interest as the defending champion, especially given how well her serve and flat groundstrokes can work on Melbourne’s hard courts.
Aryna Sabalenka has built one of the strongest recent records in the women’s competition. She reached four consecutive finals from 2023 to 2026, winning the first two.
Previous champions Madison Keys and Naomi Osaka also have proven Melbourne form. Iga Swiatek, Coco Gauff and other established Grand Slam winners may feature prominently depending on their form, fitness and route through the draw.
Women’s Australian Open odds can move quickly because of the depth of the field. The live prices should always be used when identifying the current favourite.
The draw matters in any knockout tournament. An unseeded danger or an awkward stylistic match-up can make one route considerably more difficult than another.
Hard-court form is another useful consideration. Results on clay or grass do not always carry across to Melbourne, where clean ball-striking, movement and the ability to cope with a predictable bounce become particularly important.
Fitness can play an even larger role. The Australian Open arrives near the beginning of the season and is often played in intense summer heat. Men competing across five sets may spend several hours on court, making recovery between rounds part of the challenge.
Odds also react to what happens during the event. A convincing early performance may shorten a player’s price, while a difficult five-set match, injury concern or unexpected loss of form could push it in the opposite direction.
Parimatch offers a range of Australian Open betting markets before and during the competition. Availability can vary according to the match and stage of the tournament.
An outright bet asks you to predict the eventual tournament champion.
Men’s and women’s singles are listed separately. You do not need to wait for the final, although the price attached to each player will change as the competition develops.
If your selection is eliminated at any stage, the outright bet loses.
Match-winner betting is the simplest individual-match market. Choose which of the two players you expect to progress.
The number of sets or games played does not matter for this market. Your selection only needs to be declared the match winner, subject to the relevant settlement rules.
Set betting goes deeper than picking the match winner. Depending on the markets offered, you may be able to back a player to win a particular set or predict the final set score.
For example, a correct-score selection in a women’s singles match could be 2–0 or 2–1. Men’s singles matches are played over the best of five sets, creating a wider range of possible scorelines.
A handicap gives one player a virtual advantage or disadvantage in games or sets.
Backing a player with a positive game handicap means the stated number is added to their final total for settlement purposes. A negative handicap requires the selected player to win by a sufficiently large margin.
Always check whether the market uses games, sets or another measure before confirming the bet.
Totals markets let you bet on whether a match will finish above or below a quoted number of games or sets.
A close contest containing long sets or tie-breaks can produce a high game total without necessarily reaching a deciding set. The match format should therefore be considered alongside the players involved.
Selected matches may include markets based on aces, breaks of serve or which player records the first break.
Serving conditions, playing style and return statistics can all be relevant when assessing these options. Available lines will differ between matches.
Live betting markets become available after play begins. The prices then react to the score and events taking place on court.
Depending on availability, you may be able to bet on the match winner, the next set, the next game or other in-play outcomes. Live pictures and scoring feeds can experience delays, so use the score shown within the betting market when making a decision.
Fractional odds show the possible profit in relation to your stake.
If a player is priced at 4/1, a successful £10 bet would produce £40 profit. Your £10 stake would also be returned, making the total return £50.
Shorter odds indicate that the outcome is considered more likely by the market, but they also produce a smaller potential return relative to the stake. Longer odds offer a larger return if successful, although the market considers that outcome less likely.
Odds do not guarantee what will happen. They can also change before a bet is placed, particularly during live tennis.
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.
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