After a year’s absence, Novak Djokovic is back Down Under to compete in the Australian Open - the Grand Slam he’s reigned supreme over and won nine times between 2008 and 2021. 

The consensus at sportsbooks is that Djokovic is the player to beat in his bid for a record-tenth Aussie Open title and a record-tying 22nd Grand Slam title. But does this favorable market outlook mean it will be a procession for Djokovic?  

If not Djokovic, then who? There are plenty of contenders to consider for your tennis betting picks in the 128-strong draw, after all. Not least of which is the defending Australian Open champion and World No. 2, Rafael Nadal, World No. 3 Casper Ruud, World No. 4 Stefanos Tsitsipas, home favorite Nick Kyrgios, and more. 

Read on for our Australian Open Men's singles betting preview below for more insight on the 2023 Australian Open Men's tennis betting odds.

Odds courtesy of bet365 Sportsbook

Australian Open 2023 Men's Odds: Top Contenders

Novak Djokovic 

Odds: -110 at DraftKings

The strict Covid-19 rules that led to Djokovic’s internationally publicized deportation last year have vastly diminished now, and wasting no time upon his return, he backs up his tennis odds for the upcoming Australian Open by winning the ATP 500 title in Adelaide last week. 

Djokovic started the way he finished last season, holding a trophy. (He won his sixth ATP World Tour Finals). That kind of momentum doesn’t bode well for the rest of the field, though it’s not to say he’s a sure bet either.

The 35-year-old falls into a tough second half of the draw, with Kyrgios, Ruud, and Holger Rune amongst others looming as potential stumbling blocks. Another worrying sign is the recent report of a hamstring injury just days before the start of the tournament. It hasn’t impacted the odds as such, but it’s something to follow closely on betting sites.

Daniil Medvedev

Odds: +600 at BetMGM

Two-time Australian Open runner-up, Medvedev emerges as the next-best bet across multiple betting sites. But, with odds that are five times greater. That’s telling. 

Medvedev falls into the top half of the draw, meaning he avoids Djokovic until the final. That must be a relief given his loss to Djokovic in the quarterfinals of Adelaide 1. But he falls into the first quarter, which sets him on a course for a rematch with defending Australian Open champion Rafael Nadal in the R16 [gulp!] 

Before he can look too far ahead, imminent challenges such as a projected match against Sebastian Korda in the R32 leap off the page The American lost to Djokovic in the Adelaide final, but not before taking him the distance.

Stefanos Tsitsipas

Odds: +1500 at FanDuel

Tsitsipas is the third-best bet as we look at the latest odds with various betting apps, firmly priced in quadruple-digit terrain. Tsitsipas is one of the best players yet to win his maiden Grand Slam title. He’s been close Down Under, reaching the semis three times (2019, 2021, and 2022). 

Tsitsipas kicked off the year with Team Greece at the United Cup (l. in semis). He falls into the second quarter of the draw, which is flanked by Felix Auger-Aliassime. Other top challengers in his corner include Jannik Sinner, Cameron Norrie, and Borna Coric. 

Nick Kyrgios

Odds: +1600 at FanDuel

Kyrgios is coming off the best season of his career that included a maiden Grand Slam final appearance at the All England Club (l. to Djokovic). He has yet to play a match in 2023, and yet, it hasn’t taken the shine off of his tennis odds. Kyrgios is mercurial, but one of the most naturally gifted players on the ATP. He can beat anyone. But he can beat himself, too. That’s the biggest knockback against him, and the reason why he hasn’t reached his full potential. Will he do it at his home slam?

Rafael Nadal 

Odds: +1700 at DraftKings

Defending champion Nadal goes into this year’s Aussie Open as the top seed following World No. 1 Carlos Alcaraz withdrawal (injury). Despite his lofty seeding, however, Nadal got no favors from the draw. From a tough opening match against Britain’s rising star Jack Draper to a potential rematch against Medvedev looming in the R16, his path to the final eight (never mind the final) is littered with minefields. 

This tough draw set Nadal’s odds adrift. Another contributing factor conspiring against him is a 0-2 start on the season. Nevertheless, given the Spaniard’s championship pedigree (22 Grand Slam titles), it’s surprising to see him priced so high on the tennis odds board.

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Australian Open 2023 Men's Odds: Sleepers & Long Shots

Jannik Sinner

Odds: +2000 at DraftKings

The No. 16 ranked Italian rank was a standout in 2022. He reached the second week of all four grand slams last year, including three quarterfinals.

Taylor Fritz 

Odds: +2000 at FanDuel

The American is off to a flying start behind a 4-1 record, helping the USA to win the United Cup. Fritz reached the R16 at the Australian Open and the quarterfinals of Wimbledon last year.

Holger Rune 

Odds: +2500 at BetMGM

Danish teenager Rune stunned the tennis betting world, beating Djokovic in the Paris Masters final on the way to his third straight title.

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Casper Ruud 

Odds: +3300 at BetMGM

Norway’s No.1 Casper Ruud is seriously undervalued. Ruud was one of the standout players in 2022, reaching two Grand Slam finals at the French Open and US Open.

Sebastian Korda 

Odds: +4000 at Caesars Sportsbook

Sebastian Korda gave Djokovic a run for his money in the final of Adelaide. The American had championship point in the second-set tiebreaker before Djokovic turned the tables and won in three sets.

Frances Tiafoe

Odds: +10000 at FanDuel

American Frances Tiafoe was a semi-finalist at the 2022 US Open, losing to Alcaraz in a five-set marathon. He played an integral role in Team USA’s winning run at the United Cup and goes into the Australian Open in top form. 

Jack Draper 

Odds: +10000 at Caesars Sportsbook

Briton’s rising star, Jack Draper is a dangerous floater in the tournament. He’s 4-2 on the season and coming off a semi-final appearance in this week’s tournament in Adelaide.

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