Betting on a tournament winner — known as the Outright Market — is one of the most popular ways to wager on Grand Slams and Masters 1000 events. However, unlike a single match with two players, a tournament market has dozens of contenders. This makes it difficult to calculate the true mathematical risk and determining if the odds offered on a “Dark Horse” are actually valuable.
Our Tennis Outright Calculator is a powerful tool designed to help you analyze the entire field. Whether you are backing a favorite to lift the trophy or placing an Each-Way (E/W) bet on an outsider to reach the final, this tool calculates the implied probabilities and specific place terms instantly.
Tournament Winner & Each Way
| Player | Win Odds | Win % | Place Odds | |
|---|---|---|---|---|
| -- | -- | |||
| -- | -- | |||
| -- | -- |
How to Use the Calculator
This tool allows you to build your own “market view” by adding multiple players. Here is how to use it effectively:
- Select Each-Way Terms: First, check your bookmaker’s rules. The standard for tennis is 1/2 Odds for reaching the Final (2 places). Select the appropriate fraction from the dropdown.
- Add Players: Enter the names and the decimal odds for the top contenders or the specific players you are interested in. Use the + Add Another Player button to expand the list.
- Analyze Win %: The “Win %” column shows the implied probability. If you add the top 5 favorites and their combined probability is over 100%, the bookmaker’s margin is extremely high, and you should avoid betting.
- Check Place Odds: The “Place Odds” column automatically calculates the return if your player loses in the final but lands the Each-Way part of the bet.
Pro Tip: Before locking in a long-term bet, check the draw difficulty. You can use our Head-to-Head Stats Calculator to see how your pick fares against potential rivals.
Examples: Win vs. Each-Way Betting
Outright betting requires a different strategy than match betting. Here is how the numbers work in practice:
Example 1: Backing the Favorite (Win Only)
Let’s say Jannik Sinner is priced at 3.00 to win the US Open.
- Implied Probability: 33.3%.
- Strategy: Since the odds are low, an Each-Way bet makes little sense. You are betting on him to lift the trophy. If you add Alcaraz (3.50) and Djokovic (4.50) to the calculator, you can see how much of the “market pie” these three dominate.
Example 2: The Longshot (Each-Way)
You spot a talented player like Ben Shelton priced at 21.00. You decide to place an Each-Way bet because you think he can reach the final, even if he doesn’t win.
- The Terms: 1/2 Odds to reach the Final.
- Win Odds: 21.00.
- Place Odds Calculation: The calculator will show the Place Odds as 11.00.
Math: (21.00 – 1) * 0.5 + 1 = 11.00.
- Result: If he loses in the final, your “Win” part loses, but your “Place” part wins at odds of 11.00, securing a significant profit.
Frequently Asked Questions (FAQ)
What does “Each-Way” mean in tennis?
An Each-Way (E/W) bet is actually two separate bets: one on the player to Win the tournament, and one on the player to Place (usually reach the Final). If you bet $10 Each-Way, your total stake is $20.
What is the “Market Overround” in the calculator?
The Overround is the sum of all implied probabilities in the market minus 100%. It represents the bookmaker’s profit margin. In a fair market, the sum would be 100%. In reality, outright markets often have sums of 120% or higher, making them harder to beat than single matches.
Can I bet on “Reach Semi-Final”?
Yes, some bookmakers offer “Reach Semi-Final” as a specific market (Top 4), or they might offer Each-Way terms of 1/3 or 1/4 for the top 4 places. You can adjust the “Each Way Terms” dropdown in our calculator to match these specific rules.