Tennis betting is one of the most popular sports betting markets, mainly because there is so much money to be made from the betting. The fact that tennis is such a popular sport and that there are so many tournaments throughout the year makes it an easy prey for betting enthusiasts.
The biggest challenge for bettors in tennis is figuring out how to bet successfully on the games. It is not uncommon for newbies in tennis betting to suffer big losses, especially since the odds are always in favour of the house. This article will give you a few tips on how to reduce your losses when betting on tennis and ensure you make money instead of losing it.
Study The Tournaments
The most effective way to reduce your losses in tennis betting is by understanding the odds and knowing which tournaments to avoid. This will help you make better decisions when placing your bets, and it will reduce your chances of losing big money. Luckily for you, we have gathered all the essential information regarding tennis tournaments from 2016 – so you can get up to speed quickly!
There are several tennis tournaments throughout the year, and knowing the odds of each one can help you make better decisions when betting. Some of the more famous tennis tournaments include:
- The Australian Open
- The French Open
- The US Open
- The Wimbledon Championships
- The Rio de Janeiro Open
- The Toronto Tennis Tournament
You can use this handy guide to find the opening odds for the major tennis tournaments.
Learn The Lingo
One of the main ways you will lose money in tennis betting is if you do not know how to speak the language. Just like any other sport, there is a specific terminology used when talking about tennis, and unless you learn how to speak it, you will struggle to have any meaningful conversations with the traders and bookmakers within the industry. Knowing how to order a drink or chat with the bar staff can make a huge difference in your experience, no matter which sport you are interest in – and it will certainly make you more attractive to potential employers!
There are four basic terms you need to learn in order to become a competent tennis bettor:
Betting is an abbreviation for “bet” or “bets”, which is short for “betting amount”. For example, if you want to bet $100 on a particular tennis match, you would say “I bet you $100 on Tennis…”. If you get confused easily, then studying the lingo is a must! Do not worry – the good news is all the lingo can be found simply by Googling “Tennis Vocabulary” – so you will not need to learn a lot to become competent.
Avoid The Tournaments Where You Can
As mentioned above, there are several tennis tournaments throughout the year, and since they are all technically challenging, there is always the chance you will lose big money. You do not necessarily need to avoid all tournaments, but you should at least try to stay away from the ones where you have a low chance of winning. For example, if you are keen on betting on the French Open, then you should try to avoid other tournaments in the meantime because the odds are usually in favour of the home team.
Look At The Latest Results
Since we already established the importance of studying the tournaments, let us now look at how you can use this information to your advantage. One of the best things about tennis is that results are always available, so you will know exactly what your chances are before you make a bet. If there is one thing that can help you reduce your losses it’s knowledge, and with this in mind, it is essential you keep an eye on the latest results. Looking at the results of previous tournaments can give you a good idea of what to expect this year and which tournaments are worth hitting. This is particularly useful if your aim is to make profit instead of just playing for fun.
Avoid Going Above Your Stake
As a beginner, it is a smart move to start small and then gradually increase your bets as you gain experience. This is especially useful when betting on sports as there is a very good chance you will lose some of your money. When you lose money in any kind of sport, the last thing you want to do is increase your bets because you think the game is somehow fixed in your favour. Going above your stake means the bookmaker takes on more risk, which in turn makes the odds more favourable to you.
This method will not necessarily make you rich – but at least it will reduce your losses which is what matters in the end.
If you want to make more money from tennis betting, then you should learn how to value the different items within the game. For example, instead of betting $100 on a singles match, you could instead choose to bet $50 on the first set and $50 on the second set. Doing this can help you get even or win more easily since the total amount you are betting will be less. For more info on this topic, check out this useful guide to understanding tennis odds and value bets.
Learn The Rules
In order to continue having a profitable experience with tennis betting, it is important you learn the rules. These are usually fairly simple but can sometimes be tricky to remember. One of the best things about tennis is the fact it is a quick game and if you keep the rules in mind as you play, you will have a good chance of winning. For example, if you are playing against a member of the opposite team, then you should keep quiet and refrain from making any loud noises – this can seriously disrupt the game and likely result in a loss for you. In every game there are always penalties if you break the rules – so unless you want to risk losing, then you should learn how to play by the book.
If you want to win, then you should also watch out for situations where the rules are about to be broken. For example, if a player is about to throw a tantrum because they do not like the calls the judge is making, then you should step in and try to settle down the player and help them focus on the game instead of their personal issues. This may mean leaving the room for a few moments to give the player some personal space, but in the end, it will likely be worth it.
Learning the rules is more important than you think – especially since there are so many obscure rules that even the professionals do not always know. If you want to make sure you win your bets, then you must ensure you play by the rules of the game. This includes not betting on teams you are not supposed to or placing bets on matches that have been fixed — which is a common practice in some countries.
Use An Outside Source
Tennis betting is one of the easiest sports to lose money on – mainly because of the high house edges. This means that for every $100 you bet, the bookmaker will pay you back $105. The solution to this is quite simple: use an outside source to help you make your bets. There are several companies that can help you place bets in a sport you are interested in while avoiding the massive edge the bookmakers take. For example, if you want to place a bet on the 2020 French Open, then you can do so through an online sportsbook that does not charge any fees.
When choosing an outside source, it is important to verify they are regulated by a governing body and that they offer the necessary service your needs. The last thing you want to do is place a bet with a company that is not regulated or has a poor reputation – this could seriously damage your finances if you are not aware of what is going on.
Do Not Bet Against The House
One of the biggest mistakes new tennis bettors make is betting against the house. If you are playing at a brick and mortar casino then this can be fairly easy, but if you are betting online then it can be extremely risky. If you get lucky and the other team members do not validate your claim, then you can end up losing a large sum of money. Unless you are an experienced sports bettor, then avoiding this as much as possible is advisable.