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How to bet on Golf
Written by A. Aguilar
Betongolf.info
2010-01-21
We gather all the necessary information for golf betting right here.
For most golf tournaments, there are three different types of bets a player can make: bettors can choose to bet on a particular golfer to win the event, bet that a specific player places in one of the top three spots, or bet that a specific player will finish higher than another specific player.
Based on the possibilities of a golfer winning a tournament, bettors usually see the odds as something like this:
- Tiger Woods + 150
- Phil Mickelson + 250
- Steve Stricker + 300
- Jeff Overton + 700
- Ernie Els +700
- Campo + 600
These probabilities are essentially given as money-line odds. This means that for every $10 you bet on Tiger Woods, you would win $15 if he wins. Those who bet on Overton earn $70 for every $10 you bet. Because your bet is returned to you when you win it, bettors who put $10 on Overton receive $80 back from the bookmaker instead of $70. This is because bookmakers require payment of bets up front.
Oftentimes, the tournaments have a betting entry called "field". This is composed of players who were not offered by the bookmaker. Although this method allows the gambler more than one player for every bet, the field of golfers usually has less chances of winning. Ultimately, this bet is best to be avoided.
Odds are, of course, less than normal for a bet on a golfer to finish in the top three, as the book has to pay three winning bets.
Using the example above, the chance for golfers to finish in the top three would look like:
- Tiger Woods – 160
- Phil Mickelson + 100
- Steve Stricker + 110
- Jeff Overton + 200
- Ernie Els + 200
- Field – 110
In this case, a bettor would risk $16 to win $10 for Tiger Woods finishing first, second or third. At the same time, the bettor is betting Jeff Overton to win $ 20 in her bid to $ 10 instead of $ 70.
Last but not least, head-to-match-ups are commonly placed last. Here, the person placing the bet doesn't care where the golfer finishes in the tournament, only where they place in relation to another player.
Assuming the lines look like this: Tiger Woods - 190, Steve Stricker + 150; it works as follows: a gambler bets that Bretton finishes ahead of Stricker, so he is asked to risk $19 to win $10. Stricker bettors' front end odds of winning are $10 to win $15.
Golf betting is similar in many aspects to sports betting, so it is not difficult to learn for anyone who has bet on sports before.