Online Betting Guides How to Bet on Tennis and Win

How Do Tennis Odds Work

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How Do Tennis Odds Work

Regarding sports betting, tennis is behind only football in popularity due to its fast-paced action and fluctuating odds. Plenty of major and minor events take place weekly across the globe, and bets can be placed on everything from Wimbledon and the French Open to the Laver Cup and Olympics.

But how do tennis odds work? Don’t worry, as we will explain everything on this page. This will include where to find the best prices and how to calculate potential profits. Which formats can you view odds in, and how does the implied probability work? Let’s take a closer look.

Dimitris Pappas Feb 9, 2024

Tennis Betting Odds Explained: True vs Implied Prices

There are two possible outcomes in tennis: player A wins or player B wins. As such, the chances of placing a winning bet are, in theory, 50%. This is not the case, though. For example, should world no.1 Novak Djokovic take a 58th-ranked opponent, Djokovic would be the overwhelming favourite.

Therefore, betting odds for tennis must represent the probability of such an outcome. Implied odds for the no.1 seed taking on a qualifier could be as low as 1/100. With true odds, bookies do not include any margin. This is in contrast to implied odds, where a house edge is included. A margin exists to give bookies an edge over bettors.

How to read tennis odds

Each price made available to bettors shows how likely the bookmaker in question believes the potential outcome will occur. The lower the odds, the greater the likelihood. If the odds are high, it has been deemed unlikely by the bookie.

Let’s suggest that you bet $10 on Ben Shelton to beat Tommy Paul at odds of 1.90 (10/11). You would receive a total of $19, $9 of which would be profit.

Also, no tennis betting odds explained guide would be complete without looking at some alternative markets. Using total games as an example, you could bet on there being over 39.5 games between Sebastian Korda and Andrey Rublev. At odds of 1.83 (5/6), a $10 winning bet would result in total returns of $18.33.

Should I Use A Tennis Odds Calculator?

You may be considering working out the potential returns of tennis bets for yourself. However, this is a waste of your time and effort, particularly if you are looking to place accumulators. Instead, use a tennis odds calculator.

Such a tool will instantly calculate how much you can win. Just enter the odds on offer for each selection, along with your stake. The best online bookies will do the hard work for you, calculating winnings before you have even confirmed your bet.

Frequently Asked Questions

How do tennis odds work?

Odds are available for each tennis betting market. Bookies calculate prices based on the likelihood of potential outcomes occurring. From there, you can decide whether the odds represent good value.

Which bookies offer the best betting odds for tennis?

There is little to choose between bookies when it comes to odds on tennis matches. However, there are some that stand out, which we have featured on this page. Here, you will regularly find appealing prices.

How can I use a tennis odds calculator?

It is sometimes worthwhile using an odds calculator to see exactly how much you stand to win from a potential bet. However, with most bookies doing this for you anyway, such tools are increasingly unneeded.

Should I use tennis odds comparison sites?

If you are looking to quickly see where the top price on a particular tennis market can be found, then an odds comparison site is worth using. However, you should always be able to filter them and see if they are worthy.

What is the difference between true vs implied odds?

Implied odds are based on the public opinion surrounding a tennis match or tournament. However, true odds are calculated based on the likelihood of a particular outcome occurring.

Why do the prices include a margin?

Bookies will include a margin to ensure that they have an edge over bettors. The betting margin refers to the percentage of the payout that the bookie will retain as profit. Therefore, you should be well-informed about choosing the one with the lowest VIG.

How many types of formats exist?

Bets can be viewed in different formats. The main three are decimal, fractional and American. Asian odds are also available on selected sportsbooks.