The Australian Open is one of the biggest events in tennis every year, and the buzz surrounding it is no different for the 2023 rendition of the event.
In 2022, Rafael Nadal took down Daniil Medvedev in the final in a heated battle. This will also be the first Australian Open for Novak Djokovic since the Australian government placed a ban on his visa three years ago.
With Djokovic back in the fold, the odds demonstrate a monumental shift toward him. He is the consensus best tennis player in the world despite Carlos Alcaraz‘s current No. 1 ranking, so Djokovic is sure to make a major play at his 22nd Grand Slam singles title.
With an event that is sure to spark controversy and excitement, let’s discuss some 2023 Australian Open best bets.
Australian Open 2023 Men’s Best Bet
Australian Open Winner Odds
- Novak Djokovic (+110)
- Carlos Alcaraz (+450)
- Daniil Medvedev (+600)
- Rafael Nadal (+1000)
- Nick Kyrgios (+1200)
- Jannik Sinner (+1200)
- Stefanos Tsitsipas (+1600)
- Holger Rune (+1600)
- Felix Auger-Aliassime (+1800)
- Casper Ruud (+2000)
- Alexander Zverev (+2500)
- Andrey Rublev (+2500)
Australian Open odds are current as of noon ET on Friday, Dec. 23, at Caesars Sportsbook.
The odds are obviously swayed toward Djokovic winning the Australian Open by a significant margin. While Djokovic has received odds like this plenty of times in his career, it eliminates a huge level of value in betting on him.
The (+110) odds attached to him carry implied odds of 47.6%, meaning oddsmakers believe he has almost a 50-50 chance of winning it all. With that being said, there are tons of value bets out there in this event that we will discuss later on.
Australian Open Winner Best Bet
Daniil Medvedev (+600)
Medvedev put together an excellent performance in the 2022 Australia Open, falling just short to legend Rafael Nadal. Medvedev is one of the pound-for-pound best tennis players in the world, and at age 26 has the experience necessary to win it all.
Medvedev only has one Grand Slam to his credit, but a second one does not appear out of reach in this event despite the presence of Djokovic and Alcaraz. Medvedev was ranked as high as No. 1 as recently as last year.
The 26-year-old has historically played his best on hard surfaces, which is where the Australian Open is played. His only Grand Slam win came in straight sets over Djokovic in the 2021 US Open, but he has now appeared in four Grand Slam finals.
I believe this is the year he seals the deal.
Australian Open Contenders
Carlos Alcaraz (+450)
Currently listed as the No. 1 player in the world, Alcaraz has the capability of knocking off Djokovic in 2023 and continuing his ascent to one of the top players in the sport. The 19-year-old Spanish phenom is the youngest ATP top-ranked player in the history of tennis and for good reason.
Alcaraz has already notched six ATP Tour singles titles, including the 2022 U.S. Open over Casper Ruud. He will be looking to make his name even more prominent in the sport on one of its biggest stages.
Rafael Nadal (+1000)
Nadal is a true legend of the sport and is always a great value pick in Grand Slam events. With 22 Grand Slam titles to Nadal’s credit following his 2022 Australian Open victory, he can never be counted out.
Nadal has the experience necessary to win this event in back-to-back years, and rumblings regarding his excellent physical shape support that.
Australian Open Winner Sleeper Bet
Felix Auger-Aliassime (+1800)
Auger-Aliassime is one of the more underrated players in the Australian Open this year, drawing just the ninth-most favorable odds.
Despite his youth, Auger-Aliassime has been ranked within the top 10 by ATP consistently due to his demonstrated improvement over the past few years. In 2022, he reached the quarterfinals of the Australian Open, losing to Daniil Medvedev.
Casper Ruud (+2000)
Ruud is consistently undervalued with oddsmakers. Entering the Australian Open, Ruud will be coming off of the most successful year of his career by a wide margin. He recently reached the finals of both the French Open and U.S. Open.
Ruud is certainly a name to watch at these longshot odds due to the momentum he is carrying into this event.