Probability Assessment: Tennis odds are a numerical representation of the probability of various outcomes in a tennis match, such as a player's win or loss.
Betting Context: Tennis odds are commonly used in sports betting, where they indicate the potential return on a bet placed on a specific outcome.
Fractional or Decimal: Tennis odds can be presented in fractional or decimal formats. Fractional odds show the potential profit relative to the stake, while decimal odds include the stake in potential winnings.
Favorite vs. Underdog: In tennis odds, one player is typically favored (lower odds), while the other is the underdog (higher odds), reflecting bookmakers' assessments of their chances.
Changing Odds: Tennis odds can change as new information becomes available, such as a player's injury or recent performance, impacting betting choices.
Pre-Match and In-Play: Tennis odds are available both before a match (pre-match) and during a match (in-play), allowing bettors to react to unfolding events.
Understanding Payouts: To calculate potential payouts, multiply the stake by the odds. For example, a $100 bet on a player with odds of 2.00 (even money) would yield a $100 profit if successful, plus the return of the $100 stake.