England are an even money chance (bet365 £200 free bets) and have the obvious advantage of playing on home soil, although the Aussies boast several familiar names in the line-up including Shane Warne, captain Michael Clarke and Brett Lee.
Nevertheless, the home side are at full strength and it is the same 14 players that helped England beat the West Indies in a recent ODI Series, with captain Alastair Cook knowing that a much sterner test awaits his team over the next fortnight.
This is a perfect warm-up for the Champions Trophy next summer, not to mention the 2015 World Cup and Cook is the favourite to lead by example and score the most runs for his team. The skipper and opener is available at 3/1 (BetVictor) at the moment.
Ian Bell and Jonathan Trott should add plenty of quality to the top of the England batting order, with Eoin Morgan, Craig Kieswetter and Ravi Bopara vying for places, while the same applies to the England bowlers.
Much depends on the quality of the pitches although the bookies can’t split Graeme Swann, James Anderson, Stuart Broad and Steven Finn when it comes to the Top England Bowler during the series.
As for the Australians, Sportingbet have stuck their neck out and offered 11/10 about the tourists claiming a series victory which looks like a big price considering that the Aussies amassed a huge score against Essex in a tour match at Chelmsford on Tuesday.
Michael Clarke scored 76 before retiring out and the Aussie skipper is sure to be among the top run scorers for the Baggy Greens, with odds of 4/1 (bet365) looking a decent each-way price about someone who always seems to perform well against England.
David Warner is less of a household name although the Sydney Thunder player has a good ODI average and can be backed at 7/2 to claim the most runs for Australia, with Shane Watson a formidable batsman when he’s in the groove.
There are some interesting prices when it comes to betting on the correct score this series and perhaps this will go down to the wire, with odds of 2/1 on offer that England win 3-2 and a marginally bigger 11/5 that the Aussies claim a 3-2 win.
If you think a whitewash could be on the cards, then odds of 18/1 and 20/1 are on offer about the respective teams, although the preference could be a 4-1 win for Australia judging by how many runs were scored against Essex in that warm-up match.