Tennis tournaments are not as extravagant as the Indian Premier League or FIFA World Cup but every year millions are exchanged, won and lost over the year through legal online sports betting. While the sport runs year long, it is the Grand Slams like Wimbledon, US Open, French Open and Australian Open that garner most of the attention of potential betters.
With Wimbledon around the corner, here is a little explainer as to betting odds in tennis work for beginners and intermediaries.
Tennis odds are a bit different from normal sporting odds. However, understanding them is not going to be rocket science for someone with a basic knowledge of the sport and little about online fantasy sports betting.
WHAT ARE TENNIS BETTING ODDS?
This is the most basic question for beginners. So, betting odds are — A player is listed at odds of 1.85 to win a Grand Slam match… what does it mean? It is the likelihood of that particular outcome happening. So, if a player is listed at 1.85 to win a match, these odds are what the bookmaker believes are the chances of winning the match.
The formula is:
Implied probability = 1 / decimal odds
So, for 1.85, it will be: 1 / 1.85 = 0.5405 = 54.05 per cent.
TENNIS BETTING LINES
There are two main lines when it comes to tennis betting — match odds and in-play odds. Match odds are a basic line where you predict the winner. For example, Novak Djokovic is playing an unseeded player in the first round of the Australian Open. The odds will be higher in Djokovic’s favour and he will likely be favoured to win in straight sets (3-0) with maybe losing two games (-2) per set. So, if Djokovic wins 6-2, 6-3, 6-3 — he has covered each set.
The trickiest part in understanding the basic line is the change in-play odds. For example, Rafael Nadal is playing a competitive or equal opponent like Djokovic. In this instance, Nadal may be the underdog because of Nole’s form and the Serbian is favoured to win. But if Nadal wins the first set 6-3; the odds may shift a bit in Nadal’s favour in the next set. Paying attention to the in-play odds is very important for one to adjust their bet based on momentum.
Understanding these odds will help one a lot to place bets and limit risks and increase their potential to earn a profit. Viewing the odds live with the help of a sportsbook also helps in the process of understanding and judgement.
ODDS BETTING AND PROP WAGERS
As mentioned above, the odds betting part of tennis changes via in-play, live-time betting options. As the odds change, a person is given the chance to place a different wager. However, you cannot remove old wagers. But, old wagers can be leveraged based on the new odds. Leverage can also be learned by placing proposition bets, which are known as prop bets. For example, there can be bets based on the number of aces served in a match, or the number of unforced errors in a single game. There are even wagers relating to players losing their cool and screaming at match officials first.
TENNIS BETTING ODDS EXAMPLE
So, here’s an example of how much you can win by placing a bet on a player.
Profit = (Stake * Odds) – Stake
So, if you have bet INR 100 on a player listed at odds of 1.85 to win a match and if the player wins, this is how much you will make.
*All values are in INR
Your Profit = (100 * 1.85) – 100
Your Profit = (185) – 100
Your Profit = INR 85
CURRENT BETTING ODDS FOR WIMBLEDON
In men’s singles, Djokovic is again favourite to win this year’s Wimbledon after winning in 2019. He tops the charts and has -110 odds of winning the tournament. French Open finalist Stefanos Tsitsipas is second with +550 while Russia’s Daniil Medvedev is at +600. With Rafael Nadal out of the tournament, only Roger Federer and Andy Murray remain along with Djokovic from the list of former winners. The Swiss has odds of +800 while the Briton, who is on a wildcard entry, has +3300.
In women’s singles, Ashleigh Barty tops the charts with odds of +500 with Serena Williams coming in at +650. Petra Kvitova is third at +900 while Bianca Andreescu and Garbine Muguruza make up the top five with odds of +1000 each. 2019 Wimbledon winner Simona Halep has odds of +1200 while Naomi Osaka is set to miss the tournament because of her mental health issues.