The Australian Cricket Awards will be held on Monday, January 30 at the Randwick Racecourse, with the top gongs - the Allan Border Medal and the Belinda Clark Medal - to headline the evening.

The medals are awarded to the best players over the last 12 months in the men's and women's game, with a number of other awards to be handed out as well.

This is Zero Wicket's guide to watching the awards on TV, or live streaming them online, with the event to start at 7:30pm (AEDT).

Who are the favourites?

The favourites for the Allan Border Medal appear to be Usman Khawaja, Nathan Lyon, Marnus Labuschagne and Steve Smith, while captain Pat Cummins has the advantage of playing across all three formats.

On the women's side, Meg Lanning, Alyssa Healy and Beth Mooney appear to be the favourites, although it's tipped to be a tight race for the award.

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How to watch the Australian Cricket Awards on TV in Australia

There will be two ways to tune into the awards on TV in Australia, with both Fox Sports and Channel 7 holding the broadcast rights to the event.

To watch Fox Sports' coverage, you'll need an active Foxtel TV subscription with the sports package included. Their coverage will be shown on Fox Cricket (Channel 501) and begins at 7:35pm (AEDT).

Channel 7s coverage will start at the same time but is instead being shown on Seven Mate. This is available at Channel 73, or 207 if watching through a Foxtel service.

How to live stream the Australian Cricket Awards online in Australia

If you'd prefer to live stream the Allan Border and Belinda Clark Medal event, then you'll be able to do so through Kayo Sports.

This is a platform which provides access to all of Foxtel's sporting content, with packages starting from $25 per month.