Odds to win the Australian Open: Djokovic a heavy favourite with Alcaraz out
Novak Djokovic is a heavy favourite to win the Australian Open. Photo by Kelly Barnes/AP.

The first Grand Slam event of 2023 is on the horizon with the Australian Open starting on January 15.

The latest: With Carlos Alcaraz withdrawing from the Australian Open due to a leg injury, Novak Djokovic has flipped to a minus-odds favourite at the tournament. Nick Kyrgios, meanwhile, will hope his doubles success at Melbourne in 2022 will carry into the singles competition this time around.

Here are the latest Australian Open odds.

Australian Open odds

Check out the latest odds to win the Australian Open. Click linked odds to add selection to betslip.

PlayerOdds (Jan. 11)Odds (Jan. 2)
Novak Djokovic-122+110
Daniil Medvedev+600+750
Nick Kyrgios+1,400+1,700
Rafael Nadal+1,400+1,100
Felix Auger-Aliassime+1,600+1,700
Taylor Fritz+1,600+3,300
Stefanos Tsitsipas+1,600+2,000
Holger Rune+2,000+2,000
Jannik Sinner+2,000+1,500
Matteo Berrettini+2,500+4,000
Casper Ruud+2,500+1,700
Alexander Zverev+3,500+2,500
Sebastian Korda+5,000N/A
Cameron Norrie+6,600N/A
Andrey Rublev+6,600+5,000

Odds as of 9:49 a.m. on 01/12/2023.

Best Australian Open odds

The favourite: Novak Djokovic (-112)

Djokovic is back in Australia and looking to add to his record of nine Aussie Open titles.

Of course, this is the first time the tennis great has stepped foot down under since being deported in 2022 due to his COVID-19 vaccination status. How the crowd will receive Djokovic will be a storyline to follow, but the polarizing tennis player has played well in front of hostile crowds before.

Despite not being at last year's tournament, the Serbian superstar has won three of the last four Australian Opens.

Recent form isn't an issue for Djokovic, as he won the 2023 Adelaide International 1 during the first week of January.

If he's in a tournament, he should be the favourite.

Other Australian Open choices

Best value: Nick Kyrgios (+1,400)

One player who won't have to worry about the crowd working against him is Kyrgios, an Australian native.

The controversial tennis star is hoping that his doubles success last year at this tournament is a precursor for a lengthy singles showing in 2023. He took home the doubles title in 2022 alongside fellow countryman Thanasi Kokkinakis.

Kyrgios' singles run ended in the second round, but he can thank a tough draw for that. He drew Daniil Medvedev and lost to the eventual runner-up in four sets.

Kyrgios is a talented hard-court player, sporting the third-best record on the surface at 23-6 across the last 52 weeks, according to ATPTour.com. He ranks third in serve rating during this span with a mark of 304.5.

The talented Aussie is still searching for his first Grand Slam title, and the expectation is for him to go deep on home soil.

Player to watch: Sebastian Korda (+5,000)

Sebastian Korda was hardly on anybody's radar two weeks ago, but the American is certainly garnering attention now.

The 22-year-old put forward an incredible performance at the Adelaide International 1 earlier this month, advancing all the way to the final. He took down impressive talents like Andy Murray and Jannik Sinner along the way, winning nine consecutive sets through the semifinal.

He met Djokovic in the final and lost, but not without stealing a set. Korda was the only one of Djokovic's opponents who were able to take a set from the Serbian the entire tournament. Not even Medvedev, who Djokovic met in the semis, was able to win a set.

Not only that, but Korda pushed the tennis legend to a tie-breaker in the third and final set.

Korda's 29-15 record on the hard court over the last 52 weeks ranks 17th on the ATP Tour. He can play on this surface, and he's coming into the tournament with plenty of good vibes.

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