How Does Spread Betting Work in Tennis?

What is tennis spread betting? One of the more recent updates to the Betfair brand has provided an exciting new way to wager on tennis. Simply put, tennis spread betting is the use of spread (scoring) bets to predict the outcome of a tennis game. While there is nothing new about using spread bets in sports – the innovation with Betfair is in how they enable it. For example, you can now create a tennis spread betting account and use their inbuilt tennis tracker to keep up to date with the latest news and results from tournaments around the world.

Innovative Technology)

The interest in tennis spread betting is evident from the fact that it is one of the first sports to be available on the platform. What is more, it is one of the more popular sports with European users – evidence perhaps that tennis is a truly global game. The technology behind Betfair’s tennis offering is innovative and highly sophisticated, enabling them to create a fully fledged sportsbook within the app while also allowing for an element of luck to come into play. Simply put, it’s a great way to enjoy a game of tennis without all the hassle of going to a bookmaker and creating a bet. From the point of view of the bettor, this is also a more relaxed and friendly environment to place a sporting bet in. It’s also important to note that the company has a very competitive advantage when it comes to using technology to handle large volumes of trading. We’re not just talking about speed here either, as Betfair utilize technologies which are proven to be much more efficient than any traditional bookmaker solution.

Predictive Analytics)

An important factor in any sportsbook’s quest for increased efficiency is the use of predictive analytics. This is software which allows a bookmaker to analyze historical betting data to determine the likelihood of an event occurring. For example, if you were to create a betting market for the French Open, you would use historical betting data to discover that French Open winners tend to be higher ranked players who also have a considerable measure of previous experience. Based on this information, you would rank all of the players prior to the commencement of the championship and set the prices accordingly. Of course, this is a very simplified explanation, but you get the general idea.

Sophisticated Users)

Another advantage of using a sportsbook is that it takes the guessing out of sports betting. For instance, if you’re going to a bookmaker and seeking to place a bet on the outcome of the French Open, your sportsbook agent will have access to all the players’ rankings, game results and statistical information. This enables them to place a more accurate bid on your behalf and, ultimately, put a stop to all the speculation about who is going to win.

Tennis Branded Accounts

Perhaps one of the more innovative aspects of the Betfair tennis offering is the creation of branded accounts. Essentially, this is an account type which is dedicated to a single sport or team. For example, you can create a Liverpool FC account and use that to bet on sports relating to the team, such as football (soccer) matches and tournaments. The advantage of creating branded accounts is that you can enjoy the unique perks which the sportsbook offers and, at the same time, keep track of all your bets and results in one place. This is a great way to maintain control while enjoying the benefits of a sportsbook.

Competitive Advantage

One of the biggest advantages of using a sportsbook is that it provides a competitive advantage. Basically, this means that you as a consumer can expect better value for money because the sportsbook can access a wider array of betting options (mostly due to the volume of bets that they can handle). When you consider the fact that most bookmakers have a restrictive range of sports and tournaments which they offer, it’s clear to see that this can lead to a significant drawback. When betting with a bookmaker, you essentially have two options: 1) choose the limited range of sports which they offer, or 2) go to a different bookmaker and get the same benefit of having a wider range of betting options.

Final Takeaway

To summarize, the interest in the emerging field of sports spread betting is evident from the fact that it is one of the first sports to be featured on the platform and that it is a popular option for European users. Also, it should be noted that the technology employed by Betfair is innovative and highly sophisticated, which enables them to create a fully fledged sportsbook within the app. This, ultimately, provides a competitive advantage to the consumer. Ultimately, what is clear is that organizations which embrace change and adopt new technologies to better serve their customers are most likely to succeed.