Madrid Open 2023: Draw, Odds, Schedule, Prize Money

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Iga Swiatek is a big favorite at the 2023 Madrid Open.
(AP Photo/Manu Fernandez)
Chase Kiddy @chaseakiddy May 05, 2023, 7:35 AM
  • The Mutua Madrid Open has been upgraded to a 1000-level event this season.
  • The men’s draw belongs to Carlos Alcaraz until someone proves they can beat him.
  • Iga Swiatek hasn’t lost a clay match yet this year.

Clay season rolls on this week with a key tournament listing on both the men’s and women’s tours. That is, of course, the 2023 Madrid Open.

As usual, the BetMGM online sportsbook has all the tennis odds you need to bet on both the singles (and doubles!) draws in Madrid. 

How Much Does the Winner of the Madrid Open Make?

The winner of each singles tournament at the 2023 Madrid Open will receive a cash prize of €1,105,265. That’s a little more than $1.2 million. 

Both the men’s and women’s tours will each play for €7,705,780 – including the doubles draw – which is a big increase from previous years. This year, the Mutua Madrid Open is a 1000-level event, which means the draw is bigger and the prize money is heftier. 

Madrid Open Tennis Prize Money

Round ReachedPayout
Winner$1,226,573
Finalist$643,658
Semifinals$342,681
Quarterfinals$179,253
Round 4$94,218
Round 3$54,195
Round 2$30,013
Round 1, Main Draw$18,133
Q2$9,172
Q1$5,005

Madrid Open Schedule

The 2023 Madrid Open is scheduled to run through Sunday, May 7.

Both men’s semifinals are scheduled for Friday. Championship matches will be played on Saturday and Sunday.

Madrid Open Draw

Novak Djokovic withdrew from the Madrid Open before its start, citing poor performances at recent clay tournaments as a sign that something might be wrong. 

“I didn’t feel well on the court, my legs were slow and my footwork was torpid, many missed shots, totally without direction,” Djokovic said following a loss to Dušan Lajović at the 2023 Srpska Open.

Rafael Nadal is also missing from this year’s draw in Madrid, as he’s still working to recover from a hip injury sustained at the Australian Open.

Both juggernauts of the men’s tour are obviously eyeing Roland Garros and are prioritizing grand slam tennis over tour events. Given their historical standing in the game, this makes a lot of sense.

The absence of both Djokovic and Nadal means this tournament belongs to the reigning champion, No. 1 seed Carlos Alcaraz, until someone can prove that he is beatable.

Daniil Medvedev, the No. 2 seed, may seem like a potential usurper. But Alcaraz just beat Medvedev at Indian Wells a few weeks ago, 6-3, 6-2. That was a hardcourt tournament, where Medvedev would seemingly have an edge over Alcaraz; on the Madrid clay, it’s hard to envision a reverse result.

Some spoilers down the draw could include the No. 5 seed, Andrey Rublev, who is 10-1 so far this clay season. The aforementioned Lajovic is playing with great form right now, too.

Stefanos Tsitsipas, the No. 4 seed, is always dangerous.

In the women’s draw, reigning champion Ons Jabeur withdrew from the tournament prior to its beginning, citing a calf injury. 

Last year’s runner-up, Jessica Pegula, is playing as the No. 3 seed. She can win her quarter with a win against Martina Trevisan. 

No. 1 seed Iga Swiatek is dangerous on every court but particularly unbeatable during clay season. She is 6-0 so far on clay this spring and fresh off a championship in Stuttgart; she should be considered the overwhelming favorite to win.

Madrid Open Odds for Friday, May 5

FavoriteFavorite OddsUnderdogUnderdog Odds
Carlos Alcaraz-1400Borna Coric+775
Jan-Lennard Struff-110Aslan Karatsev-110
Iga Swiatek-350Aryna Sabalenka+280

Madrid Open Bets for May 5

With so few tennis betting options left on the board at the end of a long Madrid fortnight, I’m betting into the only match that makes any numerical sense: Karatsev vs Struff.

This is a pick ’em, as both players have mounted long runs from the qualifying bracket; Struff was even a lucky loser who was advanced into the main draw after a late withdrawal.

And during that qualifying draw, Struff lost to… Aslan Karatsev.

I like Karatsev to prevail again, in part because he’s likely got more gas in the tank than Struff. The latter has played 12 sets in the last seven days, including a long victory over Tsitsipas (7-6, 5-7, 6-3) on Thursday.

Karatsev, by contrast, has played a very clean 15 sets in seven matches, only pushed to three by Alex de Minaur this past Monday.

On Saturday, in the women’s final, I like Aryna Sabalenka +4.5 games at -115. Iga might be unbeatable on clay, but if anyone is playing with enough form and aggression to keep a close match, it’s Sabalenka.

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About the Author

Chase Kiddy

Read More @chaseakiddy

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.

Chase Kiddy is a writer for BetMGM and co-host of The Lion's Edge, an NFL and college football podcast available on Spotify, Apple Podcasts, and everywhere else. He has also written for a number of print and online outlets, including the Richmond Times-Dispatch, Washington Post, Daily News-Record, and HERO Sports. His first novel, Cave Paintings, is in development.