The 2024 Australian Open started and as the final rounds of qualifiers take place, we’re looking ahead to the betting odds for the event’s women’s singles tournament.

Aryna Sabalenka is the defending Australian Open women’s champion, and she enters the competition as the No. 2 favorite to retain her title – trailing only Polish star Iga Swiatek.

Swiatek has dominated the women’s tennis scene in recent years. The 22-year-old won the French Open in 2023, which was already the third time she claimed the Roland Garros title in her young career. According to the oddsmakers, the 2024 Australian Open is hers to lose, so let's get into the women’s singles odds for this Grand Slam event and make our picks and predictions.

Australian Open Odds 2024 – Women’s Singles Outright Winner

Iga Swiatek +225
Aryna Sabalenka +400
Elena Rybakina +450
Coco Gauff +450
Jessica Pegula +1800
Jelena Ostapenko +2800
Qinwen Zheng +2800
Maria Sakkari +3300
Mirra Andreeva +3300
Ons Jabeur +3300
Elina Svitolina +4000
Caroline Garcia +5000
Leylah Fernandez +5000
Barbora Krejcikova +6600
Beatriz Haddad Maia +6600

Find all Australian Open tennis odds at Betway Sportsbook.
Favorites to win the 2024 Australian Open Women’s Championship

Iga Swiatek’s rise to tennis stardom has been quite remarkable. She broke out in 2020 by winning the French Open as a major underdog at age 19, and she did not drop a single set in the process. That win made her the youngest player to claim a French Open title since Rafael Nadal in 2005, and she’s the first Polish player in history to win a singles championship at a Grand Slam tournament.

Since that win, Swiatek has won two more French Open titles, as well as the 2022 U.S. Open championship. At the Australian Open, she previously reached the semifinals in 2022, but was knocked out in the fourth round in 2023.

Thus far in her career, Swiatek has found her best success playing on clay, which is evidenced by her performances at the French Open. She remains the favorite in Australia even though this tournament is held on hard courts.

The Polish star was ranked No. 1 in the world for over 75 weeks before she was finally knocked off her perch by Aryna Sabalenka in September 2023. Swiatek has since reclaimed the top spot with her November win at the WTA Finals in Cancun.

Now, she feels more prepared than ever to defend her position at the very top of the sport, and she will have a chance to do it at the Australian Open.

Previous Australian Open Women’s Singles Champions

While the men’s singles side of the Australian Open has been dominated by Novak Djokovic for the past five years (barring the one year he was deported), the women’s side has had four different champions over that same five-year period.

Japanese star Naomi Osaka has enjoyed her greatest success at hard-court Grand Slam tournaments, winning both the Australian and U.S. Open twice. The 26-year-old claimed the Australian title in 2021, her most recent Grand Slam victory, which added to the first Australian Open that she won in 2019. Osaka has +1600 odds to win the Australian Open in 2024.

Australian native Ashleigh Barty won the championship in 2022, becoming the first Australian woman to win the singles tournament since Chris O’Neil in 1978. She was ranked as the No. 1 seed entering the competition, and she held her own to claim the title in her home nation.

World No. 2 Aryna Sabalenka is the defending champion, having won at Melbourne Park in 2023. She now has some of the hottest Australian Open tennis odds for the 2024 tournament. Sabalenka is currently at +500, and only Iga Swiatek has better odds. Many fans will be hoping for another showdown between these two female tennis giants at this year’s event.

Australian Open Women’s Champions Predictions and Best Bets

Everybody in the world of tennis respects Iga Swiatek as a champion, but she’s not going to be my pick to win the championship of this tournament in Australia. Her 2023 success speaks for itself, but she plays her best tennis on clay rather than the humid hardcourts at Melbourne Park.

The women’s game is dominated by Swiatek and her rival Aryna Sabalenka right now, and given these conditions on these courts, I prefer Sabalenka’s odds to reclaim her title.

The 2023 champion never dropped a set until the final on her way to claiming the trophy. She then beat Elena Rybakina in three sets to seal the deal, and she has performed tremendously well at Grand Slam events in the 12 months since.

Sabalenka made the U.S. Open final and reached the semis at both the French Open and Wimbledon in 2023. She has shown that she can be a force at each and every major tournament.

She’ll be determined to defend her title in Australia, and the conditions certainly favor her, so she leads my Australian Open women’s predictions for this competition.

The Pick: Aryna Sabalenka to win (+400)

2024 Women’s Australian Open Sleeper Picks

Naomi Osaka’s resume at Grand Slam tournaments on hard courts is one of the best among active players. She didn’t appear in any majors in 2023, because she took a break to have her daughter Shai, who was born in July. Her absence last year makes her an Australian Open dark horse, but one who has taken the title here twice already.

Osaka returned to the WTA Tour at the Brisbane International in the first week of January, but she lost in the round of 32 to Karolina Pliskova, who is currently ranked 16th.

Osaka is certainly an outsider to jump back into the fold and immediately win a Grand Slam event, but her experience at this level on the main stage gives her a fighting chance. She has won this tournament twice, and the potential storyline if she goes on a run in Melbourne would certainly be headline news throughout the sports world.

The hard-court star plans to get back to her best in 2024. She’s fit and energized, so what better way could there be for her to reannounce herself as one of the very best than with a deep run in the Australian Open? Today she had an early lost in the tournament against our sleeper pick Caroline Garcia. 

The Pick: Caroline Garcia to win (+5000)

Odds are subject to change*

WELCOME OFFER: Bet $50 Get $200 if your first bet wins. Download Betway Sportsbook today!

Australian Open Tennis Betting Odds at Betway

Find Australian Open odds on the Betway. You’ll find all the latest spreads, totals, money lines, and tip-offers. Missed tip-off? No problem, Betway also offers live betting. All your Tennis betting needs are covered at our online sportsbook.

Visit Betway’s Tennis predictions page for the best insights, analysis, and picks on futures, parlays, props, and more.

Betway Sports Betting States