However, different bookmakers have different opinions on just how much of a favourite he really is. Nadal has a strong record on the clay so he is a hot favourite. Say that Roger Federer and Rafael Nadal were matched up in the final of the French Open. It is not possible for a match to end in a draw. American odds are explained here, and for further information, visit this guide we created to help you have a thorough understanding of sports betting odds. FanDuel, as a U.S.-based sportsbook, utilizes the American odds system. Tennis matches are a great example, as there are only two outcomes (Player 1 wins or Player 2 wins). Initially, reading and understanding odds properly can be a daunting task. The arbitrage opportunity exists between different bookmakers. This is a 5% profit margin for the bookie ($10/$200 = 5%).Ĭonsidering that the bookmaker will always have a profit margin built into their odds, arbitrage opportunities are not possible by betting on all outcomes with a single bookmaker. If 2 punters decided to bet $100 on the 2 different outcomes, the bookmaker would receive $200 in staked bets, but only pay out $190 to the punter which won. It is important to avoid common Annoying Mistakes at the initial stage. However, in reality, a bookmaker needs to have an edge to make money (they are a business after all!) so even if they thought that there was an even chance of both outcomes, they would set the odds to something like 1.90 for both outcomes. Beginners want to know if there are ways to win in sports betting.