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Best ATP Indian Wells Betting Odds (ATP)

ATP - ATP Indian Wells
Upcoming ATP Indian Wells matches

As the first of the nine ATP Masters 1000 tournaments on the circuit, the Indian Wells Open is an important competition. It marks the first major event after the Australian Open and kicks off the crowded spring schedule. Taking place in March, the tournament spans two weeks and takes place at the Indian Wells Tennis Garden in California. For those looking to bet on this action-packed event, it is first vital to have a solid understanding of the betting odds and how they function.

We’ll kick things off with the simple question of: what are betting odds? Odds represent the perceived likelihood of an outcome taking place in numerical form. They are used by the bookmakers as a way to provide their customers with the ability to bet on various matches and events. Broken down to its most basic level: the higher the odds for a particular bet, the less likely it is to occur. Conversely, the lower the odds, the higher the probability of the outcome taking place.

Odds are also used by bettors as a quick way to determine how much they stand to win should their bet turn out to be a winner. Continue reading for a simple formula that will help you calculate potential winnings on the spot.

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How are Indian Wells odds calculated?

There are a number of different factors that bookmakers take into account when determining what their betting lines will be. They pull from various sources such as statistical databases, betting trends, team and player trends, player news, historical data as well as advanced algorithms to ultimately settle on a number they feel is fair. It’s also important to take into account that the sportsbooks are ultimately trying to receive equal action on both sides of a bet. Therefore, they will also factor what the predicted handle (total amount of money bet) on the match will be.

For a practical example of this in action, let’s consider a hypothetical matchup between Dane Holger Rune and American Taylor Harry Fritz. Coming into the event, Rune is the eighth ranked ATP player in the world while Fritz is ranked 10th. Therefore, many would assume that the higher ranked pro should inherently have the advantage. However, as sports bettors will know, it’s not that simple. When going to check the odds, we see that the books have Fritz listed as the favorite. It’s now our job to determine why this is the case and if we believe the bookmakers are correct in their assessment.

We strongly recommend analyzing to the best of your ability every angle and aspect of a match before placing your money down. For the above hypothetical, potential answer as to why the oddsmakers are leaning towards the lower-ranked American could lie in the surface they are playing on. Rune, a talented 20-year-old, has done his best work so far on clay. His hard court winning percentage is just 51% compared to 70% on clay courts. On the other side, Fritz is a seasoned hard court specialist with 344 matches on the surface and boasting a 67% winning mark.

These are the types of statistics and factors you will have to factor into your analysis in order to make the most accurate possible assessment.

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Practical uses for Indian Wells odds

The next step is to apply what we have just learned to your own sports betting to help you gain an edge over the bookmakers. First things first, let’s look at the formula that you can use to quickly calculate your potential betting winnings on the spot.

The formula is quite simple:

  •   - stake = net profit. 

For example, a €100 bet with odds of 1.65 would return a total of €165. Next, just subtract the initial stake (-€100) and you’ll be left with your net winnings of €65. It’s extremely important to remember that not all bookmakers list identical odds for their matches. Therefore, shopping around on different betting sites is a key strategy to ensure that you are always receiving the maximum possible returns on your bets.

Large discrepancy in the odds

One strategy to be aware of when placing your sports bets is recognizing situations where the listed odds on the betting sites are much different than what you predicted. To make things easier, let’s consider once again the hypothetical matchup between Holger Rune and Taylor Harry Fritz. Assume that you did extensive research into this matchup and came to the conclusion that Fritz should be the slight favorite. However, when you go to check the betting odds you see Holder Rune listed as a heavy favorite with an average betting price of 1.50. 

This type of unexpected, large difference in your expected betting odds for the match is enough to warrant a second look. You’ll have to identify why your prediction and analysis is so far off of what the books have put out. It may very well be that you missed a key piece of information along the way.

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Identifying value bets

The next key strategy that many sports bettors implement is the process of identifying value bets. One more time taking from our Rune vs Fritz hypothetical, let’s say you did your due diligence and covered the match from every conceivable angle. In the end, you’ve come to the conclusion that Fritz has roughly a 65% chance of winning this matchup with Holger Rune. When you go to compare the odds on the betting sites, you find the average price to bet Fritz 1.80 to win the match. Your predicted 65% implied odds translates to 1.54 betting odds while the bookmaker's 1.80 odds translates to a 55% implied probability. In this type of situation, you should go ahead and lock in your bet as it’s very likely you’ve identified a potentially profitable value bet!

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Register everywhere!

The last key piece of information that we will share with you is one of the most important when it comes to being a profitable sports bettor over the long-run. Register with as many sports betting sites as possible. Bookmakers will often vary in the odds that they provide, sometimes up to as much as 10%! While this may not seem like too much of a difference at first glance, you just need to extrapolate this over the course of an entire season or calendar year.

A €100 bet on odds of 1.90 on one site compared to 1.80 on another site will return to you an extra €1000 over the course of 100 bets if you are consistently able to lock in the higher price.

Finally, bettors can also benefit from the myriad of welcome bonuses and offers that the majority of betting sites provide new customers. It’s quite common nowadays to see deposit bonuses as high as 100%, meaning you essentially double your betting funds before even placing a single bet! To check out the latest and best welcome offers, head over to our list of the top online betting sites.

Discover the best odds to bet on tennis!

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