Money needed to go pro in tennis9/10/2023 ![]() ![]() One pays out either nothing or $1, each with 50% probability. Rich rewards for those at the top in tennis, but what of the rest?īoth experimental and observational studies of gambling behaviour suggest that people are attracted to a “skewed” gamble - where there is a small possibility of a big payoff.įor example, imagine two lotteries. Our research suggests this small chance of a big payoff is why players decided to continue their tennis careers. However, there remains a minuscule chance they could make it big. Teenagers who are ranked poorly are almost certain to make close to zero over their tennis careers. For example, Kristian Pless was ranked number one as a junior but his highest rank as a professional was 65, and he earned just US$1.1 million in prize money over his ten-year career. Teenagers who are ranked very highly in the world have a better chance of becoming stars as adults, but they still face a lot of uncertainty. ![]() ![]() This does not factor in the sponsorships and endorsements that top-ranked players receive. Those who exit in the first round get only 0.3%. Of the 128 players that qualify for each of the four Grand Slam tournaments, the winners take home around 18% of the total prize money. Highly ranked players, both men and women, can earn significant prize money, while those ranked between 200 and 2,000 earn almost nothing. Around 80% of professional tennis players earn close to nothing, but there is a very wide range of values above this that people might earn – up to the US$65 million Roger Federer earned by the age of 30.Īs you can see in the chart above, tennis has some of the most extreme levels of inequality in any sport. We calculated the average career prize earnings of tennis players at around US$300,000. ![]()
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