Tennis betting is an increasingly popular activity among sports fans. The availability of up-to-date tennis odds and the growing love for the sport have seen its popularity rocket in recent years. Before starting to place tennis bets, you’ll want to have the basics of tennis betting odds explained to you.
This sport has been popular for decades but the introduction of live streaming and easier access to news stories has launched it onto the next level. By understanding tennis betting odds, you can enjoy the thrill of making a bet on tennis while watching your favorite players take part.
You can place tennis bets easily at Evo.io, so sports bettors can now enjoy this leading crypto casino too. You’ll find a comprehensive online sportsbook with the best tennis odds together with lots of other sports you can place wagers on. Just click on the sportsbooks tab if you’re in the casino and then choose your sport.
Keep reading to find out how tennis odds work and see how to start betting on this fast-paced sport. You’ll then see how you can start spotting betting opportunities and gambling effectively.
Types of Tennis Betting Odds Formats
The first point to understand about betting markets is that there are different ways to represent the odds. This doesn’t change your chances of winning, but it does mean that you need to take a moment to work out your best betting options. By looking at fractional odds, American odds, and decimal odds, you can see how each works.
Decimal Odds
The decimal odds format is particularly popular in Europe. Decimal odds are always positive odds that show the odds as a single number and it’s easy to work out how much you could win. Let’s say that Jannik Sinner is listed with his odds of winning at 2.0 for a match.
You just need to multiply your bet amount by the odds to calculate the potential payout. If you bet $10 at 2.0 odds, you could win $20. $20 at 3.0 odds gives you $60 and so on.
Fractional Odds
The fractional odds approach is most popular in the UK. These fractional tennis betting odds are expressed by a fraction and it only takes a moment to see how much you would win.
If Carlos Alcaraz is listed with fractional odds of 5/1 and you bet $10, you would win $50 and get your $10 bet back. If the fractional tennis betting odds are 3/1, your $10 wager would get you $30 in profit plus the $10 back.
American Odds
American odds is a betting odds format most commonly used in the US market. This number is largely based on winning $100. When a negative odds number is listed, this means you need to bet that amount to win $100. If Aryna Sabalenka has odds of -110, this means you need to wager $110 to win $100.
On the other hand, if the odds are expressed as positive numbers this tell you how much profit you would win with a $100 bet. With positive odds of +200, a $100 wager would win you $200. As with the other odds formats, you can type any amount in the online betting slip to see instantly how much you would win.
How Tennis Betting Odds Are Calculated
How do tennis betting odds work in terms of calculating the numbers for each type of bet? The starting point is with each sportsbook or bookmaker using a mathematical model to calculate the implied probability of each possible outcome.
They take into account factors such as player rankings and the head-to-head record of the players taking part. Sportsbooks also consider the surface type and recent form in the odds. They need to take into account the vig, which is a sort of house edge that is there to try and ensure an overall profit for the sportsbook.
Once the odds are set for a game, tennis bets will start being made by fans. This leads us to the next stage of the market, as the tennis odds are affected by the volume of wagers and market movements.
If a player starts with long odds but the public backs them heavily, expect to see the odds change to reflect this. Every sportsbook needs to constantly revise and update its odds to take into account the market conditions as more bets are placed on the match.
Factors That Influence Tennis Betting Odds
Following on from the previous point, it’s worth taking a closer look at those factors that affect the odds of tennis match bets. These are the things that drive the tennis markets in online sportsbooks. Understanding them is going to help you as you look for the best odds.
Player Performance and Rankings
The Women’s Tennis WTA Rankings and the Men’s Tennis ATP Rankings are crucial when betting on tennis. Most sportsbooks will take this as the starting point when looking at the upcoming games.
Rafael Nadal, Roger Federer, and Novak Djokovic are among the players who have dominated tennis so far this century. They dominated the rankings for many years so it’s no surprise to see that they were commonly classed as big favorites. Jannik Sinner is the men’s number one now but the rankings change regularly with points awarded following every tournament.
The WTA rankings cover female players and Aryna Sabalenka is number one at the time of writing. There are four grand slam events during the year – Australian Open, French Open, US Open, and Wimbledon. However, there are many other ranking events throughout the year.
Since rankings are calculated on a rolling basis, they give us an overall feel for the player’s level but it’s not perfect for gauging present form. It can take a while for their latest results to affect the rankings. This means that it’s worth checking the latest results and form as well as the rankings.
In a Grand Slam event, you also need to take into account the added pressure of this kind of high-profile match. This is one of the reasons why only the top players tend to win Grand Slam tournaments like the Australian Open and French Open regularly, as they’ve proved they can handle the pressure in the big moments.
Of course, the tennis world is physically demanding and any injury or fitness issues need to be taken into account in the odds for tennis matches. Before making any bets, you need to see the latest news in this respect.
Surface Type
The top tennis games are played on different surfaces: grass, clay, hard and artificial grass. These surfaces are important because each player has a preferred playing surface where they expect to play better. This affects their odds and will help you decide if a wager is worthwhile.
The major tournaments are played on different surfaces, which is one of the reasons why certain players always seem to perform better in certain events. For example, Rafael Nadal had an incredible record in the French Open, as his game was perfect for the clay surface used in the event.
You can’t bet on tennis tournaments purely on a player’s rankings. Going back to the case of Nadal, he suffered injury problems throughout his career and sometimes fell down the rankings due to this.
Yet, every time the French Open came around, experienced bettors would know that they had a great chance to win money by backing the Spaniard.
Head-to-Head Records
The nature of tennis has led to some fantastic rivalries over the years. These match-ups have led to some of the most memorable games, with many people wondering how to bet Djokovic vs Federer, Lendl vs McEnroe, Graf vs Sabatini, Serena William vs Venus Williams etc.
Looking at the results of past meetings between players is a huge part of how sportsbooks set accurate odds. However, bettors need to look deeper and see the context between them before placing a wager.
Does one player tend to win on a certain surface? How many games between them have had the same result in the highest-pressure matches? The answers let you see the odds you should expect to feel confident with.
Common Mistakes to Avoid with Tennis Betting Odds
Your potential winnings from tennis are based on making good betting decisions. Each new match is a fresh challenge as you try to win good money. What are some of the mistakes to avoid if you want to win?
Avoiding Emotional Betting
Like any other sport, tennis can get extremely emotional. You might get excited if you’re watching your favorite player trying to win the Australian Open or if you feel that your wager at Wimbledon is on the way to winning you a lot of money.
However, it’s easy to make the wrong decisions if you get carried away. The match might be going in the right direction for your bet and you decide to increase the amount or add more bets. Yet, this sort of impulsive decision can ruin your chances of winning.
All the decisions should be made based on good analysis work. This means working out before the match begins what you plan to do in different situations. The tennis odds may vary during a game, depending on the way the action unfolds.
You can react to changes. But you should stay disciplined and not vary your overall approach once it begins.
Overvaluing Rankings
We’ve seen how player rankings give us some useful information. This lets us see how highly-rated a player is, but it’s just part of the puzzle that you need to think about.
Placing too much importance on the rankings before betting on tennis matches is a common error, as it doesn’t tell you the full story. It’s a look at their record on a rolling basis over a long time.
You need to consider recent form and the other factors we’ve looked at above and be sure that the top online sportsbooks will take everything into account when calculating tennis odds.
You need to do the same if you’re going to have the best possible chance of making good decisions.
Ignoring Surface Impact
The surface is also a factor that can’t be ignored when looking at the implied probability of each tennis player winning a certain game. The best tennis odds already take into account each player’s performance on the surface in question.
Therefore, sports bettors need to always look at the surface before betting. Strategies include choosing the tennis player who has the best recent record on this surface. Who loves playing on grass and who prefers clay?
You might also look at whether your favored player has a good record on this surface against the player they’re facing. This potentially tells you a lot more than the full head-to-head record would.
Advanced Strategies Using Tennis Betting Odds
The best sportsbooks give you many different ways to bet and try to win on tennis. With tennis odds listed throughout the year, you can try the following advanced strategies when you bet.
Value Betting
Value betting is essentially where you look for odds that you feel offer the best value. This involves working out whether the odds are more generous than they should be. Some people use the following formula to work out the value of tennis bets; Value = (Odds * Odds) – 1.
The idea is that you identify some element that isn’t fully reflected in the odds. Maybe a player is recovering from injury or needs to overcome a rival that they always struggle against in certain circumstances.
By analyzing the game and seeing what you feel are the true odds, you can see if there’s a potential net profit on offer.
Live Betting
One of the advantages of the switch to online sportsbooks is that they’re taking bets as the game is played. This means that the odds change constantly based on the points scored so far.
You might see higher odds for your expected outcome at some point, or the odds may drop. Using in-play data effectively and working out your potential winnings are important steps to take.
This gives you the advantage of being able to watch the game and see whether the odds suit you at any given time. Live betting strategies include betting on a player who is narrowly losing to bounce back. You might also want to cash out early if your bet is winning but you feel that the situation could change before the end.
Line Shopping
Expect to see similar odds when looking at the same tennis match on different sportsbooks. They all take the same sort of information into account but won’t always come to the same conclusion. You can shop around and compare odds to get the best possible value.
By looking at the latest odds on Evo.io, you can compare them to other platforms for the same tennis match. Find the best available odds and you give yourself a chance to win more. The only downside is that you might need to spend a lot of time doing this.
Responsible Betting with Tennis Odds
Betting on the latest tennis match odds is thrilling but also something that needs to be done responsibly. The first step here is to work out your betting limits. This means looking at options such as your bet limits and loss limits. Managing your bankroll sensibly is critical.
A healthy approach to sports betting will let you carry on enjoying this activity with no worries. On the other hand, if you don’t gamble responsibly it could cause problems in your life. Betting more than you can afford to lose or feeling guilty about betting can make you feel bad.
Take a look at how Evo.io sportsbook supports responsible gambling with a range of tools and resources.
Find the Tennis Odds to Make the Most of This Sport
Our look at tennis betting odds has revealed how bettors can make the most of this activity. By choosing a tennis match and analyzing the players, you can see if the odds work for you.
Use these insights for your bets to get a better betting experience using everything Evo.io offers you. You’ll find the latest updated odds and can place a betting line with no delay.
Like all kinds of sports betting, continuing to learn and bet responsibly is the best approach. If you get it right, you stand a good chance of winning money while enjoying this great sport even more.