Roger Federer might be the sentimental favorite to win the 2017 edition of the Australian Open, with millions of fans rooting for the Swiss maestro, but the bookies surely won’t be rooting for him.
While the 2017 Australian Open has delighted fans, it has been a nightmare for bookmakers, who are likely to lose millions of dollars if Roger Federer takes home his fifth title at Melbourne Park.
Despite being the 17th seed, Federer still attracted more attention from punters than favourites Novak Djokovic and Andy Murray. Federer and his old rival Rafael Nadal were the two best backed players leading into the event.
If either champion claims the men’s title, it will be a happy payday for the punters who have placed their bets, with Federer ($29) and Nadal ($21) at deliciously tempting odds to win the tournament. With Federer and Nadal on either side of the draw, the likelihood that one or both of them will make the final is indeed a salivating prospect for the hardcore fans of the sport.
But it isn’t great news for the companies, who will likely lose millions of dollars. “As a tennis fan, a Federer-Nadal final would be incredible, but as a bookmaker, it is an absolute nightmare,” Nick Curry from Ubet said. “In fact, it would be an absolute horror show result for us either way as both were well backed at huge prices prior to the start of the tournament.”
Sportsbet reported that one punter placed $1,000 on Federer to win the Open at $34 odds. He’s set to win a whopping $34,000 if the Swiss Maestro claims his 18th major.