When it comes to tennis betting odds, there are three main types you need to be familiar with: Moneyline odds, fractional odds, and decimal odds. Each type has its own unique way of representing the probability of a certain outcome and the potential payout you can expect.
Moneyline odds, also known as American odds, are the most common type of odds used in tennis betting. They are represented as either a positive or negative number, indicating the potential profit you can make from a $100 wager. Positive numbers represent the underdog, while negative numbers represent the favorite.
Example: In a match between Rafael Nadal and Novak Djokovic, Nadal has moneyline odds of +150, while Djokovic has odds of -200. If you bet $100 on Nadal and he wins, you would receive a payout of $250 – $100 for your initial stake and $150 in profit. On the other hand, if you bet $200 on Djokovic and he wins, you would receive a payout of $300 – $200 for your stake and $100 in profit.
Fractional odds are commonly used in the UK and are represented as fractions. They show the potential profit you can make relative to your stake. For example, if a player has fractional odds of 2/1, it means that for every $1 you bet, you would make a $2 profit if they win.
Example: In a match between Serena Williams and Naomi Osaka, Williams has fractional odds of 3/1, while Osaka has odds of 1/4. If you bet $1 on Williams and she wins, you would receive a payout of $4 – $1 for your stake and $3 in profit. On the other hand, if you bet $4 on Osaka and she wins, you would receive a payout of $5 – $4 for your stake and $1 in profit.
Decimal odds are widely used in Europe and represent the potential payout you would receive for every unit bet. They are expressed as a decimal number, such as 2.50 or 1.75. To calculate your potential winnings, you simply multiply your stake by the decimal odds.
Example: In a match between Roger Federer and Alexander Zverev, Federer has decimal odds of 1.50, while Zverev has odds of 2.75. If you bet $100 on Federer and he wins, you would receive a payout of $150 – $100 for your stake and $50 in profit. On the other hand, if you bet $100 on Zverev and he wins, you would receive a payout of $275 – $100 for your stake and $175 in profit.