Want to know more about the many sorts of tennis betting odds and what these odds actually mean and suggest? Here’s our guide on the subject, which discusses the tennis odds in detail and drills down to the basics for novice tennis punters.
Tennis betting offers several winning options, including two-way, correct score, over/under, and odd/even betting. Its distinct scoring system, both in-game and pre-game, makes this sport one of the most profitable gambling options accessible today. Tennis matches are usually contested across three sets, or five sets in the case of the Grand Slams, and with so many events inside a tennis match, tennis betting is particularly popular among bettors.
When betting on tennis or any other sport, it is critical to understand the idea of tennis betting odds and what the odds actually mean.
Surprisingly, different countries may use different formats for representing betting chances, and while they all mean the same thing – that is a particular winning tennis bet would provide the same returns regardless of the style used – it’s important to grasp the distinction between them.
To understand what these odds represent, one must be able to distinguish between the various types of odds used by bookmakers.
Tennis games use three different types of odds:
Fractional Tennis Odds
Fractional odds are arguably the most often used in the United Kingdom, although they are progressively being replaced by alternative formats since they are difficult to compare to other forms of odds. As the name implies, fractional odds are displayed as a fraction in which your stake is the denominator and your predicted profit is the numerator.
The following formula is used to compute potential returns:
((potential returns/stake) +1) * stake = return.
For example, if Djokovic is offered 7/1 odds to win the French Open, your expected returns on a $50 bet are ((7/1) +1) * 50 = $400.
Decimal Tennis Odds
In comparison to their fractional cousins, decimal odds are easy. All that is required to calculate your bet returns is to multiply your stake by the odds.
For example, if the odds are 2.1 for player 1 and 1.7 for player 2, a $100 bet on player 2 would result in a potential return of 1.7*$100=$170.
American Tennis Odds
American odds, also known as money lines, take the shape of a positive or negative sum. A positive figure represents the amount of profit made from a £100 bet, whereas a negative one represents the amount of cash required to earn a £100 profit.
It is worth noting that one is not required to stake the money line amount, that is £100; players are allowed to bet any amount above or below.
The formula used to calculate returns on a positive money line is money line odds * (stake/100), while the formula for calculating returns on a negative money line is (100/negative money line odds) * stake.
Given Maria Sharapova faces Angelique Kerber, and the latter has odds of -107 while the former has odds of +120, the potential profits for a $30 wager on Angelique are 100/107 * 30 = $28.04. An equivalent wager on Sharapova would yield a return of 120 * 30/100 = $36.
What Do these Odds Mean?
Tennis betting odds are a reflection of the probability of a given market winning. Odds are determined based on what bookies believe is the likelihood of an event occurring, such as a player winning a game, set, match, or any other example.
Consider a match between players A and B, where the top-ranked player has a 1.65 chance of winning. This means that the likelihood of player A winning is 1/1.65100 = 0.6060 100 =60.60%.
To maximize the chances of winning each wager, beginners need to understand the win probability expressed in the tennis betting odds.
How odd works?
The rate of tennis betting odds determines how much money you can win from a specific bet. In the previous example, the winning odds are 1.65 if you bet on the stronger player. The following formula can be used to compute the amount of wins.
(stake odds) – stake = profit on bet
For example, suppose your bet is $50. Your earnings will be as follows.
Profit = (50.65 – 50)
Profit = 82 minus 50 = 32 dollars
You can win 32$ from the above wager of 50$ at odds of 1.65. This profit is only attainable if you win the wager; if you lose the bet, you will lose $50.
Odds Are Not Always Accurate Representation:
In most cases, odds are believed to be the actual probability of a betting market result. This is not to say that they are always an accurate depiction of the final result.
Tennis is a two-player sport that has caused more upsets than any other major sport. This is where punters must identify markets that do not provide the correct probability of an occurrence and try to maximize profit.
A smart tennis spectator can spot potential upsets and adjust bets accordingly. For example, a high-ranking player may experience a sudden fitness problem, whereas a weaker player may perform better.
After learning how to analyze the various types of tennis odds, it is critical to understand how and when to place bets.
The ideal goal is to mix one’s bet slip to enhance winning chances while limiting risk. This is only possible if you do a comprehensive study on the players, match statistics, and championship before placing your wager.
Therefore, betting tactics should always be founded on objective facts. It is impossible to create rational forecasts without thorough study. In 2014, for example, Wawrinka defeated Nadal despite the latter’s 82.14% chance of winning. Based on Wawrinka’s winning streak at the time, this setback was easily predicted.
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