The Australian Open is the first major tournament of the year in both ATP and WTA tennis. It has been dominated by Novak Djokovic in ATP, who holds the men’s record for singles titles. This is an event that has gone on since 1905. The matches take place on hard-court surfaces.
As the first Grand Slam tournament of the year, the Australian Open is an ideal time to get into tennis wagering. That means that you need to stay informed on the best sites to bet on this tournament.
In this article, you’ll enjoy a thorough breakdown of Australian Open wagering, including the best sites along with effective strategies to guide you in this venture.
Benefits of Betting on the Australian Open Online
It’s a good idea to place your Australian Open bets at an online sportsbook. Here’s why:
- Betting online entitles you to generous welcome bonuses and sportsbook promotions, giving you bonus credits.
- It’s easier to research your plays while betting online because you’re already on the Internet.
- You have a chance to place a wager from the comfort of your own home on your personal device.
- These sites have accessible apps that give you a user-friendly experience.
- You’ll have access to customer support through a 24/7 live chat platform.
- It’s easier to place a live bet while wagering online on desktop, laptop, or mobile.
- There is live-streaming enabled on certain events, allowing you to sweat your bet in real time.
Best Australian Open Betting Sites
Let’s take a look at the best Australian Open betting sites.
Caesars Sportsbook
Caesars Sportsbook has become a titan in the sports betting space, especially following the purchase of popular European operator William Hill in 2021. You can always be sure to find some of the best promos in the industry at Caesars.
What stands out about Caesars is their signup bonus, which is among the most lucrative that you’ll find. There is also an expansive VIP rewards system, where you can accumulate points to be redeemed for cool perks at Caesars properties, such as fine dining restorations and hotel accommodations.
Be sure to make Caesars a key component in your tennis betting portfolio.
BetMGM Sportsbook
BetMGM Sportsbook is a reputable operator that carries the esteemed MGM Resorts brand, making you feel safe and secure when depositing funds into your account. You’ll enjoy a convenient payment process that features a number of banking methods.
BetMGM features an accessible platform that makes it easy to find your preferred wager or seek out the latest promo. The organized layout enhances the user experience, allowing you to place your bets efficiently.
What I love most about BetMGM is their odds boosts, which give you a better price on selected events.
FanDuel Sportsbook
FanDuel Sportsbook started off as a pioneer in the daily fantasy sports space before expanding to what is now considered among the most popular sportsbooks in the industry. They created Same Game Parlays, allowing users to combine their favorite bet types from the same event for better payouts.
FanDuel sets themselves apart from the competition with their robust selection of props. You’ll have an opportunity to target this market while wagering on the Australian Open.
Additionally, you’ll have access to a sleek app that functions at a high level, helping to optimize the user experience.
DraftKings Sportsbook
DraftKings Sportsbook began as one of the major players in daily fantasy sports until they added a sportsbook into their platform. The betting site has become one of the more successful in this space.
There are a number of props available at DraftKings, including some novelty choices that you won’t find on other sites. For example, you’re able to wager Over or Under on the number of Grand Slam wins by different players.
These innovative bet types help make DraftKings one of the top choices on the market.
bet365 Sportsbook
bet365 Sportsbook is an internationally renowned operator, priding themselves as the “world’s favorite sportsbook." This is a platform that you need to make sure to target for tennis wagering.
That’s because they have a comprehensive selection of bet types, including match handicaps, player props, and more. You’re even able to combine several wagers to create Same Game Parlays, which is not often offered for tennis.
It’s also great to have such a detailed live betting platform, one that enables you to bet on live player props. This helps make bet365 a top choice for tennis wagering.
How To Pick the Best Australian Open Betting Sites
Consider the following factors when choosing the best Australian Open betting sites:
- You want a site with a lucrative welcome bonus, such as a 100% deposit bonus or second-chance bet.
- It’s important that you have an expansive selection of bet types at your disposal.
- There should be a number of recurring promotions throughout the year.
- The app should function at a high level without any technical issues that hinder the experience.
- Payment should be a convenient process, featuring a number of banking methods.
- The signup bonus should feature attainable wagering requirements, allowing you to use the site credits.
- The odds need to align with the rest of the betting markets.
Can You Bet on Men and Women’s at Australian Open Betting Sites?
Yes, you’re able to place bets on both men (ATP) and women’s (WTA) tennis at Australian Open betting sites. There are a number of wagers available for both, including match handicaps, futures bets, and player props.
The great news is that betting sites treat both ATP and WTA equally, so you won’t have to worry about missing out on any of your favorite wagers.
Best Australian Open Bets You Can Make
These are the best Australian Open bets to target:
- Match Handicap
- Functions like a point spread, such as Rafael Nadal -3.5.
- Allows you to avoid paying a high price on a heavy favorite.
- It’s easy to understand: the favorite is minus the points, so they must win by more than the margin, while the underdog is plus the points, meaning they can win outright or lose by fewer than the margin.
- Totals
- Wager on Over or Under the combined total games in a given match.
- This allows you a chance to obtain profit without choosing the winner, which can be difficult.
- Target Unders on potential mismatches and Overs on projected close games.
- Set Betting
- Instead of choosing a winner, you can pay a more reasonable price on the number of sets that a player will win.
- For example, I can take Iga Swiatek to win in straight sets.
- This is an alternative approach to taking the match handicap.
- Moneyline
- All you need to worry about here is the outright winner of a match.
- The problem is that heavy favorites are highly priced, so you need to target underdogs.
- Underdogs give you a chance to get a higher return on your investment.
- Parlays
- Combine multiple outcomes for a chance at a greater payout.
- Target Same Game Parlays to include correlated events for a higher win probability.
- Remember to risk less of your bankroll on parlays than on straight wagers.
Live Betting on the Australian Open
Live betting on the Australian Open is a great way to find value. Here’s how you should target this market:
- Watch the match if you plan to place an in-game wager. This gives you an opportunity to get a better sense of the potential outcome.
- Try to find value in the updated lines. For example, a heavy favorite may have started off slow, dropping the first three games in the opening set. This gives you a chance to get them at a better price on the moneyline.
- Stake fewer units on live bets compared to your pre-game wagers. Live bets should act as a complement to your pre-match picks, which are more thoroughly researched. You should use live wagers as a way to sprinkle some of your bankroll on potential value.
Betting Site Offers to Keep in Mind
There are multiple betting site offers to keep in mind when selecting your sportsbook.
Here’s a description of each offer:
No Deposit Bonus or Free Bets
A no-deposit bonus is when a new user receives bet credits just for signing an account. There’s no requirement of a deposit to unlock this offer.
Free bets are provided as loyalty rewards to experienced users or to spark interest in a marquee sporting event, such as the Australian Open.
Each of these offers usually range from $5 to $20 in value.
First-Deposit Bonus
A first-deposit bonus is the best signup offer in the industry, as your initial deposit is matched up to a certain number, often ranging from $200 to $1,000.
This gives you an opportunity to build your bankroll, as you’ll have several bet credits to work with as you try to become profitable.
The best part about this bonus is that you’ll receive your bet credits immediately.
Second-Chance Bet
Risk-free bets, also known as First Bet Insurance or No Sweat First Bet, are offers where your first wager is refunded if it loses. This is capped at a certain amount, ranging from $200 to $1,000.
This gives you a chance to take a shot on a large wager because you’ll be reimbursed in bet credits if it loses. Keep in mind that each site is different in how your refund is dispersed. Some provide it as a single bet token, while others allow you to use it to your preference.
The best way to make the most out of this offer is to choose a wager that you feel confident in winning and max out the bonus. If you lose, at least you’ll get back bet credits.
Bet & Get
Bet & Get is a type of offer that provides you with bonus funds just for following the instructions. For example, “Bet $5 on the Australian Open, Get $100 in bet credits." In this case, you’d get $100 in bonuses just for placing a wager on this tournament, regardless if it wins or loses.
This is a type of promo intended to generate interest into a major sporting event. It may also be provided as a recurring offer instead of as a signup bonus.
It’s an awesome bonus because there’s no need to win your wager to reap the benefits.
Where Can I Legally Bet on the Australian Open Online?
You’re able to bet on the Australian Open online in the following states:
- Arizona
- Colorado
- Connecticut
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- New Hampshire
- New Jersey
- New York
- Nevada
- North Carolina
- Ohio
- Oregon
- Pennsylvania
- Rhode Island
- Tennessee
- Virginia
- Washington D.C.
- West Virginia
- Wyoming
Why You Should Avoid Illegal Betting Sites
You should avoid illegal betting sites for the following reasons:
- The odds often don’t align with the rest of the market, forcing you to pay inflated prices.
- There are fewer banking methods and you may have to wait longer to receive withdrawn funds.
- Wagers may take longer to settle, causing you to lose trust in the platform.
- These sites are illegal, so they mask their identity on your bank statement, making it a shady process.
- You won’t find as many prop wagers or helpful promos as you would in legal operators.
- The support team isn’t nearly as accessible, making it harder to resolve any potential issues.
- There isn’t a mobile app for illegal sites, so you miss out on an optimized experience.
How Many People Bet on the Australian Open Each Year?
As one of the Grand Slam tournaments on the tennis calendar, the Australian Open is among the most popular bets for tennis wagering.
Users love to target futures bets here, such as choosing the outright winner of the tournament.
The only tennis events that rival or eclipse the Australian Open in betting handle are Wimbledon, The French Open, and The U.S. Open.
Compared to other sports, betting on tennis is more of a niche market. However, this gives you an opportunity to find an edge with mispriced lines, so be sure to keep a close eye on the betting markets.
Choose More Than One Australian Open Betting Site
It’s important that you choose more than one Australian Open betting site.
Here’s why:
- Joining multiple sites gives you a chance to shop around for the best odds. You may find that Novak Djokovic is -3.5 (-135) at one platform but -3.5 (-120) on another. That 15 cents that you save can add up in the long run.
- There are also different signup bonuses to take advantage of, allowing you to expand your balance with bet credits. Join one site for a second-chance bet, enjoy a deposit bonus at another, and give yourself a better chance at becoming profitable.
- Making an account at different sites allows you to enjoy the strengths of each platform. One site may thrive with their props markets, while another is great for live betting. You can get the best out of every operator in this way.
