Best ATP Miami Betting Odds (ATP)

Best Miami Open Betting Odds

In terms of tennis tournaments, outside of the Grand Slam events and the ATP and WTA Tour Finals, the ATP and WTA 1000 events are the next most important events of the year. The Miami Open is one such event and comes just after the world’s best players, both male and female, have gathered to compete in the BNP Paribas tournament at Indian Wells.

Of course, high profile events attract plenty of interest from betting enthusiasts and fans alike and if you are one of the former, then the Miami Open odds on the wide range of markets is going to be of huge interest to you. 

So, let’s take a look at what you will need to know about the odds offered by bookmakers for this popular early season ATP and WTA 1000 tournament in Florida.

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Miami Open Betting Odds Explained

Let’s start at the very beginning with a look at what betting odds mean. If you are relatively new to betting, then odds are the formula by which the bookmaker offers you the opportunity to bet on a particular selection. 

They can be presented in a number of formats, fractional (such as 2/1), Decimal (3.00) and American (+200) are the most commonly used. We suggest using decimal odds initially, because it is easier for a newcomer to calculate their returns using this method. 

So, if a bookmaker, such as bet365 Sport, offers decimal odds of 5.00 (4/1) on underdog Stan Wawrinka to beat Carlos Alcaraz, that means if you were to place a bet of €10 on Wawrinka and the Swiss veteran were to win, then you would receive back 5.00 x £10.00 as your return - £50.00.

For fractional odds for that same bet, it is another simple calculation. In fractional odds, Wawrinka is 4/1. In this case just remember the ‘4’ part of the fraction refers to what you will win if your bet wins and the ‘1’ part refers to your stake. So, with this method, you would win 4 x £10 = £40, but of course you also get your stake money back of + £10. That’s the same total return of £50.00. 

Calculations become more difficult with fractional odds when you start to use more unusual odds, such as 11/10 or 13/8 or similar. Alternatively, if you use decimal odds, the calculation to show your potential total winnings remains a simple one, just the decimal odds stated multiplied your stake. (2.78 x £10 = £27.80 total return).

Check out Bet365 Miami Open Betting Offers!

How are Miami Open betting odds calculated? 

It is always beneficial to know how a bookmaker will calculate the odds on a big tennis tournament such as the Miami Open and in truth, there is not a simple answer to this. Calculating the odds for any market can be complicated and things get more complicated when it is a big tournament with more markets and better quality players involved. 

A betting site will use a combination of the abilities of an oddsmaker, someone who is an expert on crafting betting odds on key markets together with a complex algorithm to come up with the odds for any of the markets you see on any game in the Miami Open, or indeed any other tennis tournament. 

The oddsmaker and the algorithm are working together to craft the odds for the markets the bookmaker will offer. Their aim is to get an accurate representation of the likelihood of each of the betting options being the correct one.

When there is a strong possibility that one outcome will be much more likely than the other, for example, if Novak Djokovic faced a First Round match against an opponent ranked 595th in the world, then the odds on Djokovic winning the game would be very short. This means that the bookmaker will only pay out a relatively small amount compared to your unit stake. So if in this example, Djokovic was 0.10 (1/10) to win the game. That means a £10 bet would only see you win £1, for an £11 total return if Djokovic was to win.

What makes betting so exciting though is that the flip side of this is also true. If you were to back the player ranked 595th in the world to beat Djokovic, then the bookmaker’s analysis would conclude there is little chance of this happening and may offer you odds of 11.00 (10/1) on that player winning the match. 

This means the same £10 bet on the 595th ranked player would return £110 if he won. 

The other thing that affects bookmaker’s odds is if a lot of money gets backed for one of the options in a market. When this happens, to ensure that they do not make too big a loss on the event, the bookmaker may shorten the odds for that selection. At the same time, may lengthen the odds on an opposite selection to make it more appealing to bettors.. 

When a betting markets odds shorten (move from say 3.00 (2/1) to 2.00 (even money) or similar), it means that the bookmaker has received more money in bets for that option and so to adjust their risk, the odds for that popular selection will be “shortened”. 

Similarly, if a market does not attract many bets, it’s odds may be increased in value (say from 3.00 (2/1) to 3.50 (5/2) or 4.00 (3.1)). This is called ‘drifting” or “lengthening” of the odds on that selection. 

Odds are the building blocks for all forms of betting and understanding them will help you make better judged bets on tennis and indeed any sporting event. 

Better Odds Means Bigger Returns!

Why are odds important for your Miami Open bets?

As you can see, odds are important because they give you an idea not just of how likely a bookmaker feels a certain outcome is likely to happen, but also because they give you a clear indication of how much you will win if your bet is a winner. 

However, odds are very important in another way and that is because not all bookmakers will offer the same odds for the same markets. In fact, the odds on offer for the same market can vary quite markedly from one bookmaker to another. 

For example, in a match between Carlos Alcaraz and Andy Murray, let’s say that William Hill is offering Carlos Alcaraz at odds of 10/11 to win the game, while Andy Murray is rated a 4/1 chance to land the match win. However, when you check the odds on these markets with other bookmakers, you may find that Alcaraz is even money with some, or 8/11 with others. While Murray could be 3/1 with some bookmakers but as high as 6/1 with others.

This discrepancy in odds is very important, not just for Miami Open or tennis betting in general, but for all forms of betting, which leads us nicely onto our next point. 

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Register with a variety of bookmakers! 

The best way to ensure the best odds at the Miami Open, or indeed any tennis or sporting event around the world, is to make sure you have multiple betting accounts open to you with a variety of different bookmakers. 

By doing this, not only can you compare the odds that are on offer for your chosen Miami Open betting markets, and then pick the bookmaker with the best odds for your bet, but you can also gain access to multiple Welcome Bonus offers across bookmaking sites, as well as any other ongoing promotions or loyalty schemes you can access from each site.

Having multiple accounts is a no-brainer for anyone serious about betting on any form of sports and the more accounts you have, the better the chances are that you will find the best odds for any bet you want to make.

And that means, when you do win, you will win the maximum amount of money available for that bet. That may just be a few pounds extra per bet, but over months, years and decades, those extra returns add up to a considerable amount of money.

Check out all the Miami Open Odds at bet365!

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