Novak Djokovic favored to win 25th Grand Slam at 2024 Australian Open

Dean Etheridge
By , Updated on: Jan 12, 2024 12:00 AM
Stefanos Tsitsipas vs Karen Khachanov picks

Novak Djokovic heads to the 2024 Australian Open as the defending champion and the +110 favorite to win the title for a record 11th time. As was the case throughout last year, his biggest rival is Spain’s Carlos Alcaraz (+325). But Italy’s Jannik Sinner (+700) is now a real threat, and he will be looking to win his maiden Grand Slam. It promises to be a spectacular event at Melbourne Park, and here we look ahead to the competition and tell you the best bets to make in our latest tennis betting picks.

  • What; 2024 Men’s Australian Open
  • When; Sunday, January 14th - Sunday, January 28th, 2024
  • Where; Melbourne Park, Victoria, Australia
  • Surface; Outdoor Hard Court
  • Defending Champion; Novak Djokovic

If you’re looking for the best bets and odds for the 2024 Australian Open, look no further, as you're in the right place. In our preview, as well as bringing you the latest odds, we will also tell you the best bets to place.

The 2024 Australian Open starts on Sunday 14th and will take place over two weeks, with the final played on Sunday, January 28th. It is the first Grand Slam of the year, and Novak Djokovic is looking for a 25th Grand Slam title and an 11th Australian Open. These are staggering figures, surpassing the achievements of even the great Roger Federer and Rafael Nadal.

Adding to the intrigue is Novak Djokovic and his desire to sweep the Grand Slams.

So, will 2024 be the year that Novak Djokovic sweeps the Grand Slams? Or will it be the year that Carlos Alcaraz finally dethrones the Serbian as the king of men’s tennis? And there is even the possibility that it might be the year that Jannik Sinner breaks into the Grand Slam winners’ ring.

Betting to win the 2024 Men’s Australian Open

Novak Djokovic starts the Australian Open as the favorite at +110. His closest betting rival is Carlos Alcaraz at +325.

In the last Grand Slam, the 2023 US Open, Djokovic was +125 and Alcaraz +190. The third favorite at Flushing Meadows was Daniil Medvedev at +1200. The third favorite at Melbourne Park is Jannik Sinner at +700, with Medvedev at +900. The further development of Sinner seems to have closed the market behind Djokovic.

Below, we have the latest odds to win the 2024 Australian Open. All our odds are provided by the best tennis betting online sites. Please be aware that these odds are subject to change ahead of the start of the tournament.

PlayerBovadaBetOnlineMyBookie
Novak Djokovic+110+110+110
Carlos Alcaraz+325+325+325
Jannik Sinner+700+700+700
Daniil Medvedev+900+900+900
Alexander Zverev+2500+2500+2500
Grigor Dimitrov+2800+2800+2800
Holger Rune+3300+3300+3300
Stefanos Tsitsipas+5000+5000+5000
Andrey Rublev+5000+5000+5000
Alex De Minaur+5000+5000+5000
Ben Shelton+6000+6000+6000
Casper Rudd+10000+10000+10000
Taylor Fritz+10000+10000+10000
Sebastian Korda+10000+10000+10000
Andy Murray+10000+10000+10000
Matteo Berrettini+10000+10000+10000
Tommy Paul+10000+10000+10000
Hubert Hurkacz+10000+10000+10000
Sebastian Korda+10000+10000+10000

No Rafa at Melbourne Park this year

Further helping the cause of Novak Djokovic’s attempts to win his 25th Grand Slam is the withdrawal from the competition of Rafael Nadal.

The Spaniard looked in good form in the recent Brisbane International, his comeback tournament after a year out injured. But in his quarter-final defeat to Jordan Thompson on Friday, Nadal suffered a micro tear in a muscle which has forced him to pull out of the Melbourne Park event.

The chances are that after a year out, winning the Australian Open would have been a big ask for Nadal. But his absence won’t hinder Djokovic’s chances, that’s for sure. Whoever steps in to replace the legendary Spaniard certainly won’t be of the same quality.

Djokovic looking for 11th Australian Open title

Novak Djokovic has won the Australian Open a record ten times. He is the defending champion, having won the title in 2023, beating Stefanos Tsitsipas in the final, 6–3, 7–6, 7–6.

Djokovic would eventually win three of the four Grand Slams in 2023. Only Carlos Alcaraz’s win in the final of Wimbledon prevented the Serbian from sweeping the four Slams.

With the King of Clay Rafael Nadal struggling for fitness again, Djokovic has a chance of winning the French Open later this year. And with Carlos Alcaraz waiting in the wings, and Djokovic not getting any younger, this may well be the Serbian’s last chance to sweep the Grand Slams. This makes him even more likely to throw everything he has at winning the Australian Open.

Alcaraz looking to challenge Novak for top-dog status again

We all know that as Novak Djokovic ages, his powers of recovery and skills will start to wane. In early 2023, it looked like Spanish wonder-kid Carlos Alcaraz was going to overthrow Novak at the top of the men’s game. The Spaniard did assume the World No.1 ranking. But after his sensational win at Wimbledon, Alcaraz fell away, and Djokovic returned to the top spot and showed his rival who the real boss is.

Carlos Alcaraz will know that he can compete with Djokovic. His win at Wimbledon came in the one Grand Slam most thought would favor Novak. Alcaraz will have another go at overthrowing Djokovic in 2024. He will be looking to displace Novak, and he will be restarting his challenge at the Australian Open.

Carlos Alcaraz To win 2024 Australian Open
Bovada
+325

Our 2024 Australian Open Men’s Winner Betting Picks

We expect Carlos Alcaraz to challenge Novak Djokovic at the Australian Open and throughout 2024. But that said, at this moment, we do feel that Novak still has the upper hand over his younger rival.

Alcaraz will win a Grand Slam in 2024, of which we have no doubt. But we believe it will come later in the year, and for that reason, we make Novak Djokovic our pick to win the Australian Open.

We are naming two picks for this competition, and our second pick is for Jannik Sinner to win. A small side bet on the Italian is advised. He is in good form and will feel he can go all the way.

Novak Djokovic To win 2024 Australian Open
Bovada
+110
Jannik Sinner To win 2024 Australian Open
Bovada
+700

Make sure you check out our top-rated sportsbooks below. These are our recommended betting partners that you can read more about on our sportsbook reviews page:

  • EXCLUSIVE BONUS
    Bovada
    4.2/5
    50% bonus up to $250
    Copy Promocode BTCSWB750
    Play Now

    T&C apply, 18+, Play responsibly

  • BetOnline
    3.9/5
    50% bonus up to $1000
    Copy Promocode BET1000
    Play Now

    T&C apply, 18+, Play responsibly

  • EXCLUSIVE BONUS
    BetUS
    4.1/5
    125% up to $2,500
    Copy Promocode Join125
    Play Now

    T&C apply, 18+, Play responsibly

  • Xbet
    50% up to $500
    Copy Promocode XBWELCOME50
    Play Now

    T&C apply, 18+, Play responsibly

  • BetNow
    4.1/5
    100% up to $1,000
    Copy Promocode BN150
    Play Now

    T&C apply, 18+, Play responsibly

  • MyBookie
    100% bonus up to $1000
    Copy Promocode MB100
    Play Now

    T&C apply, 18+, Play responsibly

  • Bookmaker
    100% up to $400
    No Code Needed
    Play Now

    T&C apply, 18+, Play responsibly

  • Sportsbetting
    3.6/5
    50% up to $1000
    No Code Needed
    Play Now

    T&C apply, 18+, Play responsibly

  • EveryGame
    3.8/5
    $500 Sign Up Bonus
    Copy Promocode WELCOME500
    Play Now

    T&C apply, 18+, Play responsibly

  • BetNow
    4.3/5
    100% up to $450
    No Code Needed
    Play Now

    T&C apply, 18+, Play responsibly

Meet the author

Dean Etheridge

Dean is an experienced freelance content writer who honed his skills by writing for his own football betting website for over 15 years. In more recent times, Dean has extended his sports writing portfolio to cover a whole host of other sports including golf, tennis,...

Online Sports Betting may receive compensation if you sign up through our links. Rest assured, we avoid biases and provide honest opinions on sportsbooks. Read our affiliate disclosure here.