Best Bets and Odds for Australian Open 2024

Each Australian Open consists of five singles and doubles categories, making the opportunities to place a moneyline bet on the Australian Open plentiful. All sports have the moneyline wager and when it comes to betting on the Australian Open, your task is to bet on which player you think will win the match.

For example:

If you have Federer versus Djokovic, and let’s say in this instance we have Federer as the favorite to win the Australian Open Men’s Singles, you might see odds that look like this:

• Roger Federer -120
• Novak Djokovic +110

Since Federer is the favorite, the negative number means you will have to bet that amount to win $100. So you would have to place $120 on Nadal to win $100. If you look at Djokovic, the underdog in this situation – he has much better value odds. If you bet on Djokovic, his +110 odds mean that you would need to wager $100 to win $110.

Each match at the Australian Open will have different odds, and usually, if there’s a significant underdog, you might see +850 or +1000 odds – which could result in a huge payout if your underdog ends up winning.

Australian Open Tennis Spreads

Professional handicappers favor the point spreads, and you definitely shouldn’t overlook it either. It provides a little more flexibility for error but can be a little more complex. The oddsmakers at your chosen sportsbook will set the spreads based on the two players competing, taking into account the hardcourt and how that might affect the player, the player’s style, and past records.

This type of bet gives the underdog an imaginary head start before the match even begins. A little bit different than other sports, tennis spreads are based on the number of sets within a match. So if Djokovic is a -400 favorite in a match, he might have a -3.5 spread, meaning he would need to win four games or more than his opponent to cover the spread.

On the other hand, if he had a +3.5 spread, there are two options: he could either win, or lose the game, but would need to lose by less than four.

Australian Open Totals (Over/Under)

When you aren’t sure who might win the match, a good back up plan is the totals bet. Your job is to decide if you think the total number of games in a match will be over or under the oddsmaker’s set line.

Before the match, the oddsmaker at your sportsbook will set a line, predicting the total number of games within a match. If the number is 19 games, you would have to decide whether you think the match will have more or less than 19 games – very straight forward. The total will have odds attached to it, like -110 or -120 on the most likely option. If the match has 22 games and you picked the under, you would lose the bet.