In 1896, 1900, 1904, 1988, 1992, semifinal losers shared bronze medals. In all other years, a playoff match for the bronze medal was staged. From the 2004 until the 2012 Summer Olympics, results from the Olympics had ranking points that the ATP and WTA added to their players' annual totals in singles for that calendar year. This was discontinued beginning with the 2016 Summer Olympics. While the number of ranking points did not equate with those given at the majors, the Olympic tournaments have increased in perceived importance since their reintroduction, with some players, critics and sports pundits considering winning gold at the Olympics just as prestigious as winning a major title and some considering it even more prestigious.Serena Williams and Venus Williams have each won a record four gold medals, three each as a doubles pairing, the only players to win the same Olympic event on three occasions. Venus Williams (four gold, one silver) and Kathleen McKane Godfree (one gold, two silvers, and two bronzes) are the all-time record holders for the most Olympic tennis medals, with five each. Andy Murray is the only player to have won two singles gold medals, and the only singles player to have retained the Olympic title. Nicolás Massú, Venus Williams, and Serena Williams are the only players in the Open Era to win both the singles and same-sex doubles tournaments at one Games, doing so in 2004, 2000, and 2012 respectively. A player who wins an Olympic or Paralympic gold medal and all four majors in the same year is said to have won a Golden Slam, while a player that has won all four Grand Slam titles and Olympic gold during their career has a 'career Golden Slam'. As of 2021, Steffi Graf is the only player to have won a single-year Golden Slam, in 1988. Serena Williams has won a career Golden Slam twice over, the only singles player to do so. In men's tennis, Andre Agassi and Rafael Nadal have each won career Golden Slams. Multiple doubles players have achieved the feat, with Serena Williams the only player to complete the career Grand Slam in both singles and doubles. In 2021, wheelchair tennis players Diede de Groot and Dylan Alcott achieved the equivalent wheelchair tennis prize with Paralympic gold. 
Since 2021, in line with all Grand Slam tournaments, the deciding set (third) has a 7-point tiebreaker game to decide the match at 6-all. Should the tiebreaker game be tied at 6-all, whoever scores two straight points wins it.
The playing surface of the court varies between Olympic Games. It has been on hard court for every game since 1984 except for the 1992 Olympics (which was on a clay court), the 2012 Olympics (which was played on a grass court) and the 2024 Olympics (which will be on a clay court). The changing playing surface gives certain players different advantages and disadvantages not seen in most other Olympic sports.