World No. 1 Iga Swiatek headlines 2023 Australian Open betting across multiple sportsbook platforms. Preseason tennis betting odds saw the Polish star as the lone figure pegged to triple-digits on the tennis odds board. But that changed following Thursday’s draw release, which prompted Swiatek’s odds to move, along with several other key contenders in the women’s game.

Of course, Swiatek remains the undisputed player to beat. The 21-year-old dominated the WTA Tour in 2022, winning eight titles including two Grand Slams – the French Open and the US Open. But her bid to win a first-ever Australian Open title isn’t looking like the procession projected only a week ago.

If not Swiatek, who then? Who are the players that could emerge out of the 128-strong draw to challenge for the year’s first major title? Find out as we weigh in on the favorites, contenders, and tennis betting sleepers to spot for your tennis picks below. 

Odds courtesy of bet365 Sportsbook

RELATED: 2023 Australian Open Men's Odds, Predictions + Best Bets

2023 Women's Australian Open Odds: Top Contenders

Iga Swiatek 

Odds: +225 at DraftKings

Last year’s semi-finalist, Swiatek will be looking to go one better in Melbourne this year. However, her draw is littered with potential stumbling blocks at every turn, starting with dangerous floater Julia Niemeier in her tournament opener. Then, Bianca Andreescu or Marie Bouzkova could emerge as potential R32 challengers, while a rematch of last year’s semi-final against American Danielle Collins looms as a potential R16 encounter. 

Arguably, the biggest obstacle on her path to the semis is American teenager Coco Gauff, who is in line to meet Swiatek in the final eight. After which, the Pole could face American Jessica Pegula in the semis. Other potential contenders include Amanda Anisimova, Barbora Krejcikova, Petra Kvitova and Maria Sakkari.

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Aryna Sabalenka 

Odds: +700 at FanDuel

Sabalenka is the next-best bet to win the Australian Open as we look at the latest odds across betting sites. The Belarussian kicked off her  2023 campaign in fine style, winning the title in Adelaide last week. It marked her first title in two years and her eleventh career title. 

Sabalenka falls into the second half of the draw, thereby avoiding Swiatek until the final. That said, she’s on a collision course with Belinda Bencic in the R16 and potentially, Ons Jabeur in the quarterfinals. 

Interspersed in this section are threats from both veterans and up-and-comers, starting with her tournament opener against Tereze Martincova Others include two-time Grand Slam champion Garbine Muguruza, Shelby Rogers and Anastasia Pavlyuchenkova, to name a few.

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Jessica Pegula 

Odds: +1200 at DraftKings

Pegula enters the Australian Open as the third-best bet, thanks to her stellar start to the season that saw her help lift Team USA to the United Cup title. Arguably, her most impressive achievement in that tournament was  beating Swiatek in straight sets in the semis.

Pegula was last year’s quarterfinalist. To reach the final eight again, she will have to navigate a loaded second quarter of the draw that includes French Open champion Barbora Krejcikova and two-time Wimbledon champion Petra Kvitova on her path to the quarterfinals. 

In the final eight, Pegula could face Madison Keys, former two-time Aussie Open champion Victoria Azarenka, 2020 Aussie Open champion Sofia  Kenin or Aussie Alja Tomljanovic among several others.

Carolina Garcia 

Odds: +1200 at FanDuel

Garcia capped her standout 2022 campaign with the year-end WTA Tour Final title, beating Sabalenka in the final. Garcia kicked off her season in Adelaide where she reached the second round (l. to Bencic). 

While form is a question mark, the 29-year-old Frenchwoman falls into a wide-open third quarter that is flanked by Daria Kasatkina. Should the draw fall in line with the seedings, then the Russian could emerge as a potential challenger in the final eight. That said, Karoline Pliskova is one of several players that could shake things up in this section. Other potential stumbling blocks in Garcia’s corner include compatriot Alize Cornet, Leylah Fernandez and Anett Kontaveit.

Ons Jabeur 

Odds: +1200 at BetMGM

Tunisian trailblazer Ons Jabeur is coming off back-to-back Grand Slam finals in 2022. She’ll be looking to make a third-straight final in Melbourne and as the fourth-best-priced bet according to the sportsbook exchange, she’s one to spot.

Jabeur’s section isn’t going to be a breeze, though. Dangerous floaters such as Marie Vondrousova and Linda Fruhvirtova lurk in the early rounds while veteran big hitter Kaia Kanepi looms as a potential third round opponent. Further down the line, Jabeur could see former US Open champion Sloane Stephens or Brazilian Beatriz Haddad-Maia in the R16.

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

Coco Gauff

Odds: +1200 at BetMGM

Gauff enjoyed a breakout 2022 campaign, reaching her first-ever major final at the French Open. She’s a Grand Slam champion in waiting, in the eyes of many tennis betting fans. However, her tough section of the draw makes her more of a longshot bet than the odds would have it.

Linda Fruhvirtova 

Odds: +3000 at DraftKings

Czech teenager Linda Fruhvirtova has a big game. She cracked the win column in 2022 winning her maiden title in Chennai. Winning the  Aussie Open is going to be a big ask, but she could make an impact in the early rounds.

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Danielle Collins

Odds: +3300 at BetMGM

Collins enjoyed a Cinderella run into the Australian Open final last year where she lost to Australia’s Ashleigh Barty. Collins falls into a tough first quarter that includes Swiatek!

Maria Sakkari

Odds: +3400 at FanDuel

Sakkari’s preparations for the Australian Open were most encouraging, as she helped Team Greece reach the United Cup semis. Sakkari is one of the fittest and most competitive players in the women’s game. She has the tools to win a major title, but often, it’s the mental side of her game that lets her down in the big moments.

Beatriz Haddad-Maia

Odds: +4800 at FanDuel

Brazil’s Haddad-Maia was one of the most improved players on the WTA Tour in 2022. She’s a dark horse that could shake things up in the bottom half of the draw. 

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