TennisForum.com - View Single Post - Womens Tennis in General

View Single Post

Old Sep 6th, 2011, 10:22 PM   #17
country flag Crockett
Senior Member
 
Join Date: Sep 2010
Location: N 55° 40' - E 012° 30'
Posts: 224
Crockett is a name known to all Crockett is a name known to all Crockett is a name known to all Crockett is a name known to all Crockett is a name known to all Crockett is a name known to all Crockett is a name known to all Crockett is a name known to all Crockett is a name known to all Crockett is a name known to all Crockett is a name known to all
Re: Womens Tennis in General

Quote:
Originally Posted by Chrissie-fan View Post
Not being a betting man myself, what does this all mean? The lower the number the more likely they are to win?
Exactly. The odds tell how much money you are paid if your bet of 1 wins. If the odds are 2.00, you get your money doubled - this is also known as evens, a toss-up or fifty-fifty.

In a tennis match, the favorite (as the market sees it) will always have odds between 1.00 and 2.00, while the underdog will have odds from 2.00 and up.

The odds also estimate the probability that the player wins. The favorite will have a probability between 50 % and 100 % to win. Odds 1.67 corresponds to 60 %, odds 1.25 corresponds to 80 %, and odds 1.11 corresponds to 90 %. Mathematically savvy readers will understand that the odds and the probability are reciprocal numbers.
__________________
My favorites: Caroline Wozniacki, (Patty Schnyder), Samantha Stosur, Julia Görges, Natalie Schiller. Your favorites may differ.
Crockett is offline View My Blog!   Reply With Quote