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Roger Federer celebrates a grass-court victory in Germany. Getty

After winning the Australian Open and skipping the French Open, Roger Federer is the favorite at Wimbledon next month. But the Swiss star entered Tuesday trailing defending champion Andy Murray as the frontrunner, according to odds compiled by Bovada.lv.

Murray, who won at the All-England Club in 2013 and 2016, was listed at +225 odds. But the odds for the 30-year-old dropped to +300 after falling to Australian Jordan Thompson 7-6 6-2 on Tuesday at the Queens Club Championships in London. It marked the first loss for Murray in the tournament since a third-round defeat to Radek Stepanek in 2014. Murray is coming off a fine run at Roland Garros earlier this month, advancing to the semifinals before falling to Stan Wawrinka.

Federer owns the best odds at +225. Wimbledon has been Federer's favored Grand Slam, winning seven titles since making his debut in 1999. But the 35-year-old hasn't won since 2012. Still, Federer remains a force on grass, having reached the semifinals in 2016 and reaching the final in 2014 and 2015.

On Tuesday, Federer celebrated his 1,100th win, defeating Yuichi Sugita 6-3 6-1 in 52 minutes at the Gerry Weber Open in Halle, Germany. It was a promising start to the grass-court tournament after a three-set loss to Tommy Haas in the second round of the Mercedes Cup in Stuttgart, Germany.

Federer admitted that he needed to rest his body for Wimbledon by skipping the French.

"Regrettably, I’ve decided not to participate in the French Open. I’ve been working really hard, both on and off the court, during the last month but in order to try and play on the ATP World Tour for many years to come I feel it’s best to skip the clay court season this year and prepare for the grass and hard court seasons," Federer said in a statement.

Perhaps to some surprise, Rafael Nadal is comfortably ahead of Novak Djokovic in Wimbledon odds. After cruising to a French Open title, Nadal is listed at +400, while Djokovic is listed at +600.

Nadal has 10 French Open titles, but just two Wimbledon titles and hasn't won in England since 2010. The Spaniard, who has enjoyed a resurgence this year with a 43-6 record, hasn't advanced to the Wimbledon final since 2011.

Djokovic, on the other hand, has won the tournament three times, most recently in 2014 and 2015. But the Serb hasn't been in top form in 2017. Djokovic is among the greatest Australian Open players ever but he was ousted in the second round this year and at the French Open, Djokovic failed to advance out of the quarterfinals.

After Djokovic, the field is composed of serious long shots. Milos Raonic is listed at +1,400 and is followed by Nick Kyrgios (+1,600), Alexander Zverev (+2,000), Grigor Dimitrov (+2,500) and Wawrinka (+2,500).