Professional tennis for both the men’s ATP and women’s WTA tours offer up four major events each year which make up the Grand Slam. One of the most prestigious and famous tournaments takes place in early July at the All England Lawn Tennis and Croquet Club in London and it is simply known as Wimbledon. The best of the best battle it out over the course of two weeks all the way up to the championship matches in mid-July.

One of the best things about a tennis tournament this big is the sheer amount of betting action it brings to the board at all the big offshore sportsbooks operating online. From a daily menu of betting odds for head-to-head matchups as the tournament progresses through the opening rounds right through the semifinals and finals along with the ever changing futures odds to win Wimbledon outright for both the men’s and the women’s bracket, you have a full complement of betting options to choose from.

Most of these online betting sites will also offer odds for any number of props that are set in conjunction with the action on the court at Wimbledon’s famous grass playing surface. Two of the top favorites to win the 2017 Wimbledon title from the men’s side are Novak Djokovic and Roger Federer. Djokovic’s betting odds to win are set at +500 and his best odds on the board right now are set at +300 to make a trip to the semifinal round. Federer’s odds to win this year are set at +200 and his odds to go down in the finals are set at +500. The betting odds that the farthest he goes this year are the semifinals are set at +350.

Another great thing about betting on Wimbledon is the ability to hedge your bets as the odds change following each round. Early upsets can really impact the numbers, especially if a few of the top seeds on either the men’s or women’s side stumble against an opponent they were picked to easily get by.

One of the most common betting strategies is to go with the favorites early despite some high risk moneyline odds. The odds that Djokovic goes down in the opening round are set at +1400 and they actually go up to +2000 that he would lose his second round match. The betting odds for Federer bowing out in the first round of Wimbledon this year are set at +1800 and they jump up to +3300 that he would lose in the second round.

Djokovic’s head-to-head betting odds for his first round match against Martin Klizan are set at -2603. Federer is an even bigger favorite in his first round match against Alexandr Dolgopolov at -4306 to win. With these kinds of highly inflated moneyline odds on the board, you might want to wait and see how each player looks in their opening round before taking that kind a risk to win $100.

Another betting strategy for an event like Wimbledon is to shop the betting odds from one online book to the next if you do have a betting account set up at multiple outlets. There could be some significant movement in the numbers from one book to the next and given the overall volume of betting lines through the first few rounds it makes all the sense in the world to shop around.

Past experience and current form are two of the biggest factors that you have to take into consideration when it comes to betting on this event. Certain players love the grass courts in this event, while other tend to play their best tennis on clay or other hard court surfaces. Current form is also important given an event as pressure-packed as Wimbledon.