The first Grand Slam of the year is underway, and with it comes the thrill of fierce competition, captivating storylines and, of course, the chance to test your tennis knowledge with a well-placed wager. Whether you’re a seasoned betting pro or a curious newcomer, navigating the Australian Open odds can be daunting. But fear not, for this guide is here to equip you with the knowledge and insights to make informed bets and potentially score a winning return.
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Men’s Singles: Novak Djokovic, the undisputed king of Melbourne Park, reigns supreme as the favorite (+110). However, the young gun Carlos Alcaraz (+333) is breathing down his neck, eager to claim his first Australian Open title. Don’t count out Daniil Medvedev (+900) either, the reigning US Open champion always a threat on hard courts.
Women’s Singles: Iga Swiatek (+220) is the world No. 1 and the hot favorite to defend her 2023 title. Aryna Sabalenka (+460) and Coco Gauff (+500) lurk as potential challengers, while Elena Rybakina (+500) hopes to repeat her Wimbledon heroics.
Beyond the Favorites
While the big names grab the headlines, don’t overlook the potential upsets brewing in the lower ranks. Keep an eye on rising stars like Holger Rune (+2200) and Jannik Sinner (+650) in the men’s draw, and Ons Jabeur (+1200) and Jessica Pegula (+2400) on the women’s side. Injuries, fatigue and the unpredictable nature of the sport can all open the door for dark horses to gallop to victory.
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Spicing up your bets with specific matchups and parlays can add an extra layer of excitement (and potential reward). Analyze upcoming clashes and identify potential value bets. For example, if you believe Alcaraz can push Djokovic to the limit, betting on a close set score or even an upset victory could bring significant returns. Parlays, where you combine multiple bets on different matches, can offer even bigger payouts, but remember, the risk increases with each leg added.
Making live bets is another great way to add to the excitement of watching tennis and, perhaps, pull a profit. For example, Djokovic is not only the current king of tennis, but he’s also adept at winning five set matches. So if he loses the first set, you may want to make a bet between the first and second sets, gambling that he’ll still win the match and get much better odds than you could before the contest started..
Best Australian Open Promo
Many of the major sportsbooks are currently running promotions featuring the Australian Open. In our opinion, DraftKings has the best. You can get a 33% odds boost on any SGP or SGPx on the Open. Alternatively, ESPN BET is offering “Tennis Parlay Protection” where you can get a bonus bet back, up to $25. Be sure to shop around. New event promos can land daily.
Remember, betting should always be a fun and responsible activity. Set a budget beforehand and stick to it. Don’t chase losses, and never gamble with money you can’t afford to lose. Utilize the resources available from sportsbooks and gambling regulators to stay informed and in control.
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With the right knowledge, strategy, and a healthy dose of caution, you can navigate the Australian Open betting landscape with confidence. So, grab your lucky charm, analyze the odds and get ready to cheer on your picks. Who knows, you might just witness a champion’s rise or celebrate an unexpected underdog victory – all while adding a touch of excitement to the Grand Slam action.
What Does -110 Mean in Sports Betting?
Peter has more than 15 years of experience as a copywriter and a sports reporter. Other specialties include email marketing, proofreading and copy editing.
As a user of ESPN BET, DraftKings, FanDuel and other online sportsbooks, he writes reviews for US Betting Report using firsthand experience. He also reports on market launches in the gambling industry, including the recent launch of legalized sports betting in Vermont.
Peter resides in Massachusetts with his wife and son.