SportsHub Tennis: 2024 Australian Open Betting Preview 

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The SportsHub tennis content continues with an early 2024 Australian Open betting preview. With less than two months until the start of the next Grand Slam event, it’s time to look ahead to the iconic tournament. 

In this Australian Open betting guide, we look back at the event’s rich history, check out the latest odds and discuss the top contenders and potential sleepers for 2024. Let’s begin by going over the basics of tennis betting. 

Beginner’s Guide to Betting on Tennis 

Before you dive into our Australian Open betting preview, be sure that you’re up to speed on the basics of tennis betting. Even if you’re an experienced tennis bettor, brushing up on the fundamentals will only strengthen your chances of success. You can also check our blog on 5 Important Tips for Betting on Tennis.

There are four common options when it comes to betting on tennis, with each option comprising a range of different markets. Here are the main options, along with some examples for each one. 

  • Betting on Tennis Matches – The most popular option is betting on a player to win a match. Other markets in this category include game betting, set betting, totals (over/under) and handicaps. 
  • Tennis Futures Betting – Futures bets are long-term wagers that allow you to predict the winner of a tournament. Also known as outrights, these bets are typically placed at the beginning of an event. 
  • Betting on Tennis Props – Proposition betting is another exciting way to wager on tennis. Props relate to the occurrence or non-occurrence of an event. For example, will Novak Djokovic serve 10 aces in the match? 
  • Live Tennis Betting – The leading tennis sportsbooks enable you to place in-play bets on live matches, meaning you can predict the winner of the next game, the winner of the next set and so on. 

In order to give yourself the best possible chance of making a profit, we recommend exploring all the different tennis betting options. With dozens of markets to choose from, there is no shortage of value to be found. 

Australian Open Betting
The Australian Open 2024 marks the beginning of significant transformations starting this Sunday.

Everything You Need to Know About the Australian Open 

  • Inaugurated: 1905 (118 years ago) 
  • Location: Melbourne (since 1972) 
  • Venue: Melbourne Park (since 1988) 
  • Surface: Hard (outdoors) 

The Australia Open was founded all the way back in 1905, making it one of the world’s longest-running tennis tournaments. The event has been staged in Sydney, Adelaide, Brisbane and Perth over the years, but Melbourne has been the home of the Aussie Open since 1972. 

Since 1988, the tournament has been held at Melbourne Park. The complex comprises multiple courts, including Rod Laver Area (15,000 capacity), John Cain Arena (10,500 capacity) and Margaret Court Arena (7,500 capacity). 

In 2023, the Australian Open featured 15 events: men’s singles, women’s singles, men’s doubles, women’s doubles, mixed doubles, wheelchair men’s singles, wheelchair women’s singles, wheelchair quad singles, wheelchair men’s doubles, wheelchair women’s doubles, wheelchair quad doubles, boys’ singles, girls’ singles, boys’ doubles and girls’ doubles. 

MOST AUSTRALIAN OPEN TITLES (MEN’S SINGLES) 

  • Novak Djokovic: 10 
  • Roy Emerson: 6 
  • Roger Federer: 6 
  • Andre Agassi: 4 
  • Jack Crawford: 4 
  • Ken Rosewall: 4 
  • James Anderson: 3 
  • Rod Laver: 3 
  • Adrian Quist: 3 
  • Mats Wilander: 3 

MOST AUSTRALIAN OPEN TITLES (WOMEN’S SINGLES) 

  • Margaret Smith Court: 11 
  • Serena Williams: 7 
  • Nancye Wynne Bolton: 6 
  • Daphne Akhurst Cozens: 5 
  • Evonne Goolagong: 4 
  • Steffi Graf: 4 
  • Monica Seles: 4 
  • Joan Hartigan Bathurst: 3 
  • Martina Hingis: 3 
  • Martina Navratilova: 3 

2024 Australia Open Betting Preview 

  • When: January 14-28, 2024 
  • Where: Melbourne Park 
  • Prize Money: A$76,500,000 (approx.) 
  • Defending Men’s Singles Champion: Novak Djokovic 
  • Defending Women’s Singles Champion: Aryna Sabalenka 

The 112th edition of the Australian Open is scheduled to get underway on January 14, 2024. The tournament will span two weeks and feature a total of 15 events, presenting lots of exciting Australian Open betting opportunities. 

Novak Djokovic is the defending men’s singles champion, while Aryna Sabalenka is the defending women’s singles champion. Djokovic claimed a record-extending 10th title in 2023, with Sabalenka securing her first-ever Grand Slam triumph. 

The previous men’s doubles title was won by Rinky Hijikata and Jason Kubler, while Barbora Krjcikova and Katerina Siniakova won the women’s doubles title. At this stage, however, the bookies only have odds for the upcoming men’s and women’s singles events. 

Men’s Singles Odds and Contender Analysis 

2024 AUSTRALIAN OPEN MEN’S SINGLES OUTRIGHT ODDS (TOP 15) 

  • Novak Djokovic (+110) 
  • Carlos Alcaraz (+240) 
  • Daniil Medvedev (+450) 
  • Jannik Sinner (+800) 
  • Rafael Nadal (+1600) 
  • Nick Kyrgios (+1800) 
  • Stefanos Tsitsipas (+1800) 
  • Alexander Zverev (+2000)
  • Ben Shelton (+2500) 
  • Casper Ruud (+2500) 
  • Holger Rune (+2500) 
  • Taylor Fritz (+2500) 
  • Felix Auger-Aliassime (+3300) 
  • Matteo Berrettini (+3300) 
  • Sebastian Korda (+3300) 

Unsurprisingly, Novak Djokovic is the bookies’ favorite to win the men’s singles event at the 2024 Australian Open. Not only has the legendary Serbian won four of the last five titles, but he has also won 10 of the previous 16. 

It is also worth noting that Djokovic won three of the four Grand Slam events in 2023, losing the Wimbledon final to Carlos Alcaraz. Having triumphed in England, Alcaraz is seen as Djokovic’s nearest challenger. 

Daniil Medvedev and Jannik Sinner bridge the gap between the favorites and outsiders, with the iconic Rafael Nadal completing the top five. Despite his past achievements, Nadal must be viewed as a sleeper at +1600. 

Another sleeper to keep an eye on is Stefanos Tsitsipas (+1800), who was the Aussie Open runner-up in 2023. If you’re looking for 2024 Australian Open betting value, look no further than Tsitsipas. 

Women’s Singles Odds and Contender Analysis 

2024 AUSTRALIAN OPEN WOMEN’S SINGLES OUTRIGHT ODDS (TOP 15) 

  • Iga Swiatek (+300) 
  • Aryna Sabalenka (+500) 
  • Elena Rybakina (+600) 
  • Coco Gauff (+1000) 
  • Jessica Pegula (+1000) 
  • Caroline Garcia (+1600) 
  • Simona Halep (+1600) 
  • Ons Jabeur (+1800) 
  • Belinda Bencic (+2200) 
  • Maria Sakkari (+2200) 
  • Veronika Kudermetova (+2200) 
  • Bianca Andreescu (+2500) 
  • Karolina Muchova (+2500) 
  • Liudmila Samsonova (+2500) 
  • Paula Badosa (+2800) 

As you can see, the women’s singles event is closer to call. With the top three favorites – Iga Swiatek, Aryna Sabalenka and Elena Rybakina – priced between +300 and +600, the women’s tournament looks set to be fiercely competitive. 

Sabalenka defeated Rybakina to win the 2023 Aussie Open, with the former losing to Coco Gauff in the US Open final. As for Swiatek, she won two of the four Grand Slam titles in 2022 before triumphing at the 2023 French Open. 

In terms of sleepers, Simona Halep (+1600) and Ons Jabeur (+1800) offer excellent value. Halep has reached five Grand Slam finals over the years, while Jabeur featured in three Grand Slam finals between 2022 and 2023. 

Prepare Your Australian Open Betting Picks for 2024 

Although the first Grand Slam event of 2024 doesn’t kick off for a couple of months, you should already be thinking about your Australian Open betting picks. After all, taking advantage of early value can prove to be very profitable. 

Having won four of the previous five Australian Open men’s singles titles, Djokovic is favored to clinch his 11th trophy in Melbourne in 2024. However, the women’s singles event appears to be wide open, with several genuine contenders. 

The SportsHub tennis team will be back with more Australian Open betting advice in the lead-up to the tournament. Until then, be sure to explore our wide range of picks for a variety of sports, including football, basketball, baseball, hockey, soccer and more.