The 2019 Australian Open is less than a month away and familiar names are expected to be in the hunt for the men's singles title. Unlike the French Open, which has been completely dominated by Rafael Nadal, there promises to be a bit more competition from the Big 3 in Melbourne.

Roger Federer has won the tournament the past two years and has six titles in Melbourne on his resume. In 2018, Federer held off a fierce challenge from Marin Cilic to win in five sets. 

But the Swiss legend isn't the favorite. World No. 1 Novak Djokovic has returned to his former level and is the clear frontrunner with oddsmakers listing him at 5/4 odds. Like Federer, Djokovic has won the tournament six times and seems poised to continue his success.

Nadal has only won the Australian Open once (in 2009) but has had several strong showings. In 2018, he retired from a match in the quarterfinals against Cilic, taking the Croatian to five sets. Nadal also reached the final in 2017, falling to Federer in five sets. Since 2009, Nadal has reached the final four times.

Big ATP points await the winner but so does a major financial windfall. This year's winner will receive $4.5 million Australian dollars ($3.2 million).

Tournament organizers announced in October another roughly 10 percent increase in prize money, from $55 million Australian dollars in 2018 to $60.5 million ($42 million) in 2019, to offset a drop in the Australian dollar.

In 2018, Federer took home $4 million Australian dollars ($2.8 million), while Cilic received $2 million ($1.46 million) as the runner-up.

The Australian Open begins on Jan. 14, 2019, and ends on Jan. 27, 2019.

Australian Open Betting Odds (Bet365)

Novak Djokovic 5/4

Rafael Nadal 11/2

Roger Federer 5/1

Alexander Zverev 9/1

GettyImages-911429824 Roger Federer celebrates winning the 2018 Australian Open. Photo: Mark Kolbe/Getty Images