The Olympic tennis tournament has lost some serious star power with Roger Federer going down with a season-ending injury, Milos Raonic ducking out due to the risk of the Zika virus and Stan Wawrinka pulling out late with a back injury. There is, however, still potential for a star-studded gold medal match with Great Britain's Andy Murray and Serbia’s Novak Djokovic still in the field.

Bovada has put out odds for the tournament and has given the world No. 1 ranked player, Djokovic, the edge as the favorite at -150. The Serb has medaled in singles back in 2008 when he earned bronze. However, he failed to finish in the top three in London. The Joker has solidified his No. 1 ranking by winning five of the last seven Grand Slams and finishing runner-up in one of the two he didn’t win.

The smart money may be on Andy Murray, as much as I hate to admit it, at +200. The Brit was crowned champion of men’s singles at the London Olympics and is coming off three major finals appearances including a win at Wimbledon.

It’s tough to find any value here with Murray and Djokovic playing such high-level tennis but anything can happen in a single-elimination tournament so going with a guy like Kei Nishikori (+1400) or Jo-Wilfried Tsonga (+4000) could at least make for some entertaining tennis.

Right now there are only odds for men's and women's singles but check back for men's and women's doubles.

2016 Summer Olympic Tennis: Men’s Singles
  • Novak Djokovic -150
  • Andy Murray +200
  • Rafael Nadal +1200
  • Kei Nishikori +1400
  • Juan Martin del Potro +3300
  • Jo-Wilfried Tsonga +4000
  • Marin Cilic +4000
  • Gael Monfils +4000
  • David Goffin +5000
  • Grigor Dimitrov +10000
  • David Ferrer +10000
  • Gilles Simon +15000
  • Jack Sock +15000
  • Philipp Kohlschreiber +15000
  • Steve Johnson +15000
  • Roberto Bautista-Agut +20000
  • Borna Coric +25000
  • Benoit Paire +30000
  • Andrey Kuznetsov +30000
Odds as of August 2 at [custom:bovada-link]

Much to the chagrin of the rest of the field, Serena Williams has decided to compete at Rio and was immediately tagged as the odds-on favorite to take home gold for the second Olympics in a row. Her sister, Venus, will also compete but has been given odds of +4000 as she has seen her game tail off significantly in recent years. The two will, however, go for their fourth gold in women's doubles and will try to defend for the third straight Olympics. 

World No. 4 Garbine Muguruza has the best odds at +450 to take down Serena as the third seed in the tournament. Being the third seed means the two would meet in the semifinal assuming they both make it that far. This seriously reduces Muguruza's chances to win gold in my opinion and I would look for value on the other side of the bracket. 

Angelique Kerber, World No. 2, has been given the second seed in the tournament and would not face Serena until the gold medal match – again, assuming they make it that far. Kerber is coming off a finals appearance at Wimbledon and a win at the Australian Open. +900 is excellent value for a women who has had significant success on the world stage this year. 

2016 Summer Olympic Tennis: Women’s Singles
  • Serena Williams +120
  • Garbine Muguruza +450
  • Angelique Kerber +900
  • Petra Kvitova +1000
  • Madison Keys +1600
  • Agnieszka Radwanska +1600
  • Venus Williams +4000
  • Johanna Konta +4000
  • Sloane Stephens +5000
  • Eugenie Bouchard +5000
  • Lucie Safarova +5000
  • Timea Bacsinszky +5000
  • Carla Suarez Navarro +5000
  • Ana Ivanovic +6600
  • Ekaterina Makarova +8000
  • Svetlana Kuznetsova +8000
  • Caroline Wozniacki +8000
  • Samantha Stosur +8000
  • Elina Svitolina +10000
  • Kristina Mladenovic +10000
  • Heather Watson +10000
  • Jelena Jankovic +10000
  • Caroline Garcia +10000
Odds as of August 2 at [custom:bovada-link]
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