#2 Roger Federer
Roger Federer is widely considered the greatest tennis player of all time. Even at 38 years of age he is still ranked No. 3 in the world, and he narrowly missed out on winning Wimbledon last year.
Federer has himself said he will retire when he feels that he can't compete at the highest level. Therefore, his presence in the draw means that he is confident of his chances.
Federer defeated Novak Djokovic in straight sets at the ATP Finals last year, showing that he is still capable of beating the Serb in big tournaments. Moreover, the courts in Melbourne suit his style of play - as evidenced by the fact that he has won two of the last three titles there.
The Swiss is always one of the favourites to win wherever he plays. He has had over a month off and will be going into the Australian Open fresh, which bodes well for him.
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