Australian Open Favorites
Perhaps because it has always been the first Grand Slam of the year and fitness levels varies at the start of the season, the Australian Open had earned a reputation as a relatively open event, indeed it has only been retained twelve times in the Open era, so betting on the favorite has been a risky endeavor throughout most of its history, although that has changed with the recent dominance of Novak Djokovic. The Serbian star has won five of the last six tournaments, and in four of those he started as favorite.
Australian Open Prize Money
The prize money on offer for the men’s tournament at the Australian Open saw a significant increase in 2016. The total prize pool for the whole tournament increased by 10% to $31.1 million, and this meant similar increases for the singles competitions.
For winning the men’s tournament, Novak Djokovic took home $2.73 million, while runner-up Andy Murray earned $1.35 million. The beaten semi-finalists picked up $565,000 apiece, while those who exited at the quarter-final stage were awarded $280,000. The lowest prize money on offer went to players who suffered defeat in the first round, who each picked up $24,500 for their trouble.
Australian Open Betting
The Australian Open is the first Grand Slam of the season, and the first point at which the top players will be aiming to peak. Even the top players take a tournament or two to find their best form after their winter break, so unlike other Grand Slam events, you don’t have to worry too much about form going into the tournament. In fact, the winners of the early season Australian ATP Tour events don’t have a particularly good record in the Australian Open itself. But some form of competitive match practice is important. It is exceedingly rare for any player to do well at the Australian Open without playing any warm-up events.
Australian Open Odds
Betting odds on the men’s tournament at the Australian Open have tended to follow a familiar pattern in recent years. Novak Djokovic has invariably been a very short-priced favorite with one of Andy Murray, Roger Federer or Rafael Nadal his nearest rival. The market also tends to overrate players who win or do very well in the warm-up tournaments prior to the Australian Open, and also overestimates the effect of a home crowd on Australian players. In fact, lesser players can find the expectation of a raucous Aussie crowd inhibits them rather than spurring them on.