The 2026 Australian Open concluded on February 1, 2026, with Carlos Alcaraz from Spain and Kazakhstan’s Elena Rybakina claiming victory in the men’s and women’s singles tournaments respectively. Alcaraz won his first Australian Open title after defeating Novak Djokovic with a score of 2–6, 6–2, 6–3, 7–5, starting the tournament at odds of +275. Rybakina mirrored this success, securing her first title at the Australian Open by overcoming Aryna Sabalenka 6–4, 4–6, 6–4, avenging a previous loss to Sabalenka in 2023.

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Throughout the tournament, we've tracked the odds for key players from their outset to the finals. The final odds for the men's singles stood at Carlos Alcaraz at -320 and Novak Djokovic at +254. Before the final, Djokovic had made a notable semifinal comeback, defeating a top contender to reach his 11th title opportunity.

The timeline of odds movement for the men included significant fluctuations:

- On January 30, the odds reflected Alcaraz as the number one seed at -320, while Djokovic had defeated Jannik Sinner and came in as a +254 underdog.

- On January 28, Djokovic's odds had slightly dipped to +1300 after emerging victorious from a challenging match.

- Other notable shifts included Alex De Minaur's odds decreasing from +8000 to +4000 after major seed eliminations in earlier rounds.

For the women’s singles, the final odds revealed Aryna Sabalenka favored at -165 and Elena Rybakina at +135. The women’s draw also experienced key changes:

- On January 30, Sabalenka secured her spot in the final after a strong semifinal showing against Elina Svitolina.

- January 28 reflected Sabalenka’s increasing favoritism at -150 against the underdog Rybakina.

- Notable movement included Elina Svitolina’s odds improving from +6000 to +2800 amid unexpected upsets in previous rounds.

The Australian Open showcased a thrilling competitive atmosphere, with both emerging stars and established champions reshaping the tournament landscape.