The Austrian is being backed to win his first major after overcoming a second round scare.
5th seed Dominic Thiem was staring elimination in the face as he went two sets down to American qualifier Denis Kudla in their second round match.
Drifting to as big as 100/1 in the Australian Open outright market in-play, the Austrian rallied to take the next three sets 6-3, 6-2, 6-3 and book his place in the last 32.
Three figure odds clearly caught the attention of punters, as from the moment Thiem began to storm back there has been a wealth of bets on the 2017 French Open semi-finalist to go the whole way.
40.3% of bets have been placed on Thiem since his comeback, over twice as many as the second most backed player - last year's winner Roger Federer with 14.3%.
Thiem still sits ninth in the outright market and is available at best price 35/1 to win his first Grand Slam in Melbourne. He remains the third favourite to win the 3rd quarter, behind Novak Djokovic and Alex Zverev.