How to Bet on Golf – An Introduction to Golf Betting
Golf viewership and bet counts rose during the early months of the pandemic, being one of the few sports that was able to put out a product when everything else came to a screeching halt.
Unlike other major sports where customers place wagers on heavy favorites or spreads, golf is in the unique position to offer plus odds options week in and week out, which is enticing to customers looking to earn a larger payout on a smaller-sized bet.
Long odds are offered for bets like first-round leader and tournament winners, and placement bets also can pay quite well and give you some wiggle room – so learning how to bet on golf and becoming a savvy golf bettor can pay off in ways that betting on other sports may not.
WagerTalk.com frequently offers free golf picks – check them out!
Betting On Golf – Picking The Tournament Winner
The main wagering option for a golf tournament is choosing the tournament winner. All players in the tournament will be a wagering option for any tournament.
It’s quite simple how to bet on golf tournaments winners. The favorite selection for a golf tournament, for instance Rory McIlroy, will have odds somewhere between +500 and +1000 depending on the strength of the players in the field that week.
This is an enticing part of placing wagers on golf as usually when customers are wagering on favorites, they aren’t getting six-to-one (6-1) or 10-1 odds.
Golf Betting – Placement Position Wagers
Placement position wagers are a great part of learning how to bet on golf effectively. These give customers the option to decide whether players will finish inside the top five, top-10 or top-20.
Obviously, choosing one of these returns a smaller payout than picking a player to win the tournament outright, but golf tournament victories are hard to come by, as most players only win one-to-three tournaments per season.
This is also a good way to create an insurance for a customer’s selection that will keep money in their account if they select a golfer who comes close but does not finish in first place.
Top five, top-10 and top-20 selections will spit out plus odds for most golfers in the tournament, but a couple of the favorites may be minus odds in a top-20 market selection.
An important thing to note when thinking about how to bet on golf for these markets is it is often that the dead-heat rule applies.
If a customer wagers on McIlroy to finish in the top five at +100 and he finishes in fifth place by himself, the customer will win their bet with +100 odds.
If there are three golfers tied for fifth place, the McIlroy top five payout will be divided by three.
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