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Tennis' first major tournament of the year is the 2013 Australian Open. The tournament is played in Melbourne, Australia and is one of the premier outdoor hard court tournaments on the tour. The 2013 Australia Open Odds have Novak Djokovic and Serena Williams as the favorites to win the tournament.

Novak Djokovic is the odds-one favorite to win the tournament at 1.25/1 odds (Risk $100 to win back $125). He is on the opposite side of the bracket from Andy Murray, who many consider to be playing the best tennis of anyone in the world. The only time they could play is in the finals. Serena Williams is the overwhelming favorite to win the tournament. It should come as no surprise as she has won 36 of her last 37 matches overall. She could meet up with No. 1 Victoria Azarenka in the in the semifinals. Yet, Williams is 11-1 against Azarenka in her career, and has won the last eight matchups between the two.

Below are odds for the 2013 Australian Open for both the men and women's tournament. The odds are courtesy of betonline.ag.

The Australian Open begins on Monday, Jan. 14 in Melbourne, which is Sunday night in EST. First round coverage begins at 6:30 p.m. Sunday night on ESPN2.

Women's Odds

Serena Williams -125 (Risk $125 to win $100), Victoria Azarenka 4/1, Maria Sharapova 8/1, Agnieszka Radwanska 10/1, Na Li 15/1, Petra Kvitova 15/1, Angelique Kerber 25/1, Samantha Stosur 35/1, Caroline Wozniacki 50/1, Venus Williams 50/1, Mona Barthel 75/1, Marion Bartoli 75/1, Ana Ivanovic 75/1, Sabine Lisicki 85/1, Field 20/1

Men's Odds

Novak Djokovic -110 (Risk $110 to win $100), Andy Murray 2.25/1, Roger Federer 4/1, Juan Martin del Potro 15/1, David Ferrer 25/1, Tomas Berdych 35/1, Jo-Wilfried Tsonga 35/1, Milos Ranoic 50/1, Bernard Tomic 50/1, Janko Tipsarevic 100/1, Marcos Baghdatis 150/1, Field 30/1

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