In a sportsbook, the two commonly known sports are soccer and basketball. However there is another famous sport that is slowly making its way to the top, and that is tennis. In this article, we will give you the basic know-how on how to bet on tennis.
As you know tennis is also known on all continents like football and basketball. They have different professional and amateur tournaments that are being televised for the sake of their fans around the world.
The major tournaments in tennis are WTA tennis tournaments and some tennis tours for amateur players who will be next in line at the tennis pro leagues.
Do you know why tennis is considered as one of the major betting categories in a sportsbook? The answer to that is they have a lot of tournaments and events that happen in a year. As a matter of fact, they only have a month break in the month of December in preparation for the biggest tournament in tennis, the Australian Open.
The tennis odds
In tennis odds, you will see different ways of betting depending on what country or continent you are in. However, these three are what most likely the most common way that all continents have in common.
- Decimal odds – Decimal odds are obviously odds with a decimal point. For example 1.0, 2.0, 3.0, and 4.0 these are decimal odds. This kind of odds is very popular especially in the mainlands of Europe. So how do you win? For example, you bet on a player for 40 dollars. If your player wins, the stake that you have put will be multiplied by the decimal odds. Let say the odds are 3.0, so 40 x 3.0 + your initial stake.
- Fractional odds – If in the mainland of Europe decimal odds is the buzz, in the UK and Ireland fractional odds are the craze. This kind of odds is more difficult to understand if you are a beginner. But we will break it down in a more non-sophisticated explanation that the new readers can relate and understand. If you bet on this kind of odds the system is this. If you put a stake in a player with 4/1 odds for 20 dollars and your player one, your initial stake will win four times and you will get your stake back. So your 20 dollars becomes 80 dollars plus your stake of 10 dollars with a total of 90 dollars.
- Moneyline odds – if you think fractional odds are complicated you are wrong, Moneyline is the hardest to understand among the two if you are a beginner. In North America, this kind of odds is the most favorite category of the bettors. Now, for example, you bet 30 dollars with a Moneyline odds of 240. How do you compute your payout? First, you have to find the decimal point of the odds. To get that you will have to divide 240 by 100, it will now become 2.40. After you get the decimal point, you simply divide your stake by the decimal point. 30 / 2.40 = 12.5. Your potential payout will be 12.5 dollars.
If you want to try tennis betting you might want to take into consideration the Australian Open. This is the biggest tournament in tennis and this is where sports betting odds are at its finest. The prizes in online betting on a Grand slam event in tennis are huge amounts. However, if you are new to this kind of sports you better run some strategies and practice before the Grand slam event opens after New year.