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Mutua Madrid Open: Tennis Betting Insight
The 2024 iteration of the Mutua Madrid Open has grabbed the attention of tennis bettors around the world due to the fact the field is relatively strong this year. There is also the small matter of the return of one of the greatest players of all time in the form of multiple time champion Rafael Nadal.
From a tennis betting perspective – where is the value this year at the ATP Masters 1000 Madrid? As always our analysts have focused their event preview on probability and any discrepancies between this value and the odds on offer across bookmaker and exchanges.
To make this insight as digestible as possible it is prevented with a breakdown for each individual competitor. This analysis can benefit tennis bettors throughout the event as it progresses and help to identify value opportunities. For more generic advice on profiting from tennis explore our guide.
Table of Contents
ATP Madrid 2024 Preview
Mutua Madrid Open Player Analysis
After an extended period of injury issues he is unlikely to progress far beyond the first few rounds. His stellar record at this event (most recently winning in 2021) counts for little and is why he is priced far higher than most would have thought possible in previous years.
Fresh from another victory in Monte Carlo; the Greek star is one of the favourites in Madrid. A word of caution is that his general clay court record is significantly weaker than that of his attainment in Monte Carlo specifically. The conditions in Madrid after unlikely to favour him as much.
Definitely the stand out in the outright market for value seekers. Solid clay court form data and the slow Madrid courts should be perfect for him.
The data shows it’s slow (even for clay). This typically favours favourites over underdogs as the points as longer and more drawn out. Bear this in mind when considering which players to back this week at the Mutua Madrid Open.
All picks advised to club members are tracked via this public spreadsheet. Historically our analysts have managed to product a positive yield over the long term even when quoting prices exclusively from sharp bookmakers or exchanges. There is a quality of quantity policy with an average of just 1-2 bets per week.
Tennis Tips UK frequently survey their members to ask for feedback on third party sports tipsters. Most of the time the comments focus on those to avoid however occasionally a positive trend emerges for a particular service such as for this tipster from feedback gathered in early 2024. We recommend caution when trialing new services – some members even ‘paper trade’ early on (i.e follow results without placing real money bets).
What is the purpose of club membership?
Most members use the advisory to generate profits via bookmaker and/or exchange accounts. For someone staking £100 per match this has yielded thousands in profit even once the annual membership fee is deducted.
Will bookmakers limit my account(s)?
Most likely, yes. Club bets have a proven track record of value (+ EV) and bookmakers are likely to notice this. Short term you’ll be fine but longer term we suggest using betting exchanges or ‘winners welcome’ bookmakers or brokers. That’s why we always quote and record odds from Betfair Exchange for members as that illustrates profits for those who are limited.
How will it work after joining?
Your membership will be confirmed with a personal welcome email. You’ll get 12 months access from a single payment and there is no auto renewal – we’ll simply ask if you wish to continue after the year has elapsed. You should expect an average of two emails per week detailing the advised selection, match, tournament and odds. Simply login to your betting account and place a wager on the selected market. We only use standard match winner bets, often referred to as the moneyline, so coverage is extensive at virtually all betting portals. Have any questions? Please visit the contact us page. Average response time 24h.
Is club membership limited?
Yes, we allow a maximum of ten members to have an active annual membership at any one time. This is to preserve value and market liquidity. Essentially ensuring it’s practical to obtain the advised odds without them disappearing too quickly.
What bankroll is required?
We suggest £10,000 or more ideally although smaller can work. Most members choose to follow our advice of staking 1% per match. This means it automatically adjusts and scales as the total grows and compounds returns. In the above example; the member would have yielded over £3,000 profit but had to pay the membership fee leaving them with a net profit in excess of £2200. Some members have vastly exceeded this by staking higher amounts but please remember to have a long term focus and ensure capacity for successive losses.
What type of bets should I expect?
Always match winner bets covering men’s professional tennis. This includes ATP events, Challenger and Grand Slams. We specialise in high odds underdogs which have yielded the most considerable profits in extensive back testing. Selections with odds of 10/1 (11.00) are not uncommon. We deliver advisory emails at a consistent time with a minimum of six hours before the scheduled start time to ensure plenty of time to get bets placed.
Who is the club open to?
Everyone with a decent bankroll and a long term outlook. We have members from around the world betting in many different currencies and jurisdictions. Tennis Tips UK are based in the United Kingdom, hence the name, but the club is truly global.
How is profit tracked?
For transparency we operate a public spreadsheet. This shows all key metrics such as units profit, ROI, yield and strike rate. We even monitor the Avg Diff CO % for those statisticians amongst you. In a nutshell this measures the implied value by comparing the advised odds with the sharp closing line. 2% is deducted from all recorded profit figures to simulate exchange commission. Just to clarify bets are only added to the spreadsheet post result confirmation to retain exclusivity of access to paid club members.
For winning bets our team also publish profit reports which feature the original email sent to members for additional tracking and verification purposes. This also includes a rating for that specific prediction which gives an insight into how our strategy is optimised over time.
Who picks the bets for club members?
Tennis Tips UK have grown into a small team over the years. Founded way back in 2013 by an odds compiler at a leading EU bookmaker. Since then joined by a quant and business manager. Each one of us lives and breathes tennis but we like to let our results speak for themselves rather than make outlandish personal claims.
Why don’t you bet on your own picks if they are so good?
We do, frequently. The issue surrounds liquidity and limitations. Club members have access to a wide range of liquidity from global sportsbooks and exchanges. We, as individuals, are far more restricted. Typically though we still stake an average of £10k per week on our selections but unfortunately virtually every bookmaker has long since banned us. We should take it a compliment really as a limitation is an endorsement of the profitability of your bets from an often billion pound institution.
Is there a way to reduce the cost of membership?
The fee is set at a level which allows us to fill membership places. If you are a prospective first time club member enter the promo code ‘TTUK10’ during checkout to reduce the cost. Please note this is a one time discount and not available for returning members.
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