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Alcaraz vs Djokovic Odds for Australian Open Final

Sascha Paruk

By Sascha Paruk in Tennis

Published:


Carlos Alcaraz stretches to hit a backhand
Jan 27, 2026; Melbourne, Victoria, Australia; Carlos Alcaraz of Spain in action against Alex de Minaur of Australia in the quarterfinals of the men’s singles at the Australian Open at Rod Laver Arena in Melbourne Park. Mandatory Credit: Mike Frey-Imagn Images
  • Novak Djokovic upset Jannik Sinner to reach the 2026 Australian Open final
  • World #1 Carlos Alcaraz awaits in the final, need an Australian Open title to complete the career Grand Slam
  • See the opening Alcaraz vs Djokovic odds for Feb. 1, 2026

A throwback performance from world #4 Novak Djokovic has ended a run of three straight finals between Jannik Sinner and Carlos Alcaraz. Djokovic defeated #2 Sinner in a five-set thriller on Friday, setting up a clash with #1 Alcaraz in the 2026 Australian Open final on Sunday.

Djokovic hasn’t won a grand slam since the 2023 US Open, and oddsmakers don’t love his chance of ending the drought against the world #1.

Djokovic vs Alcaraz Odds (Australian Open Final)

Bet TypeDjokovicAlcaraz
Moneyline+240-301
Set Spread+1.5 (+110)-1.5 (-150)
Game TotalTBDTBD

Already a six-time major winner, the 22-year-old Alcaraz opened as a -295 betting favorite over the 24-time major champion Djokovic, who will turn 39 in May. Djokovic was as a +200 underdog initially.

In the ensuing minutes after the line was posted, Alcaraz was bet down to -301, while Djokovic’s odds faded to +240.

Alcaraz is also a -150 favorite to win in either three of four sets, with Djokovic priced at +110 to cover the 1.5-set spread. The odds to win in straight sets list Alcaraz at +185 with Novak a -250 favorite to at least win one set.

Odds as of 9:30 am ET at DraftKings. Find the best betting app for the Australian Open men’s final.

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Alcaraz and Djokovic have split their ten head-to-head meetings, though Djokovic holds a 5-4 edge in non-exhibition matches (including the 2024 Olympics).

Alcaraz vs Djokovic H2H Results

DateTournamentWinnerScore
Sep 5, 2025US OpenAlcaraz6-4, 7-6, 6-2
Jan 21, 2025Aus OpenDjokovic4-6, 6-4, 6-3, 6-4
Aug 4, 2024OlympicsDjokovic7-6, 7-6
Jul 14, 2024 WimbledonAlcaraz6-2, 6-2, 7-6
Dec 27, 2024ExhibitionAlcaraz4-6, 6-4, 6-4
Nov 18, 2023ATP FinalDjokovic6-3, 6-2
Aug 20, 2023CincinnatiDjokovic5-7, 7-6, 7-6
Jul 16, 2023WimbledonAlcaraz1-6, 7-6, 6-1, 3-6, 6-4
Jun 9, 2023French OpenDjokovic6-3, 5-7, 6-1, 6-1
May 7, 2022MadridAlcaraz6-7, 7-5, 7-6

Djokovic ousted Alcaraz in the quarterfinals of the 2025 Australian Open in four sets, despite dropping the first set.

Alcaraz won the most-recent grand-slam match, though, sweeping Djokovic in straight sets at the 2025 US Open, which was also their most-recent meeting on a hardcourt.

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Sascha Paruk
Sascha Paruk

Managing Editor

Sascha has been working in the sports-betting industry since 2014, and quickly paired his strong writing skills with a burgeoning knowledge of probability and statistics. He holds an undergraduate degree in linguistics and a Juris Doctor from the University of British Columbia.

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