Golf Betting can benefit sports bettors financially if done correctly. Golf is on basically every weekend from the early Spring until the end of the fall. The big events are televised nationally, and with the length of the event, bets made on golf events can go up and down drastically throughout a day. There are some excellent golf events that take place the same time frame of the year, every year. Let’s take a look at few of the most popular type of bets done in golf.
Types of Golf Bets
- Golf Odds Betting - In odds betting, with an event coming up, each golfer, or at least the top bettors are given certain odds on their chances to win an event. Obviously the best golfers are given the best odds, but will pay out the least. When you are looking at odds betting in golf, they will look like this: Tiger Woods +150, Phil Mikleson +225, Davis Payne +400, Sergio Garcia +500, Stewart Cink +750. In odds betting, if the player you bet on wins the event, you would receive the amount of money you wagered to win. For example, a $10 bet on Tiger Woods would win you $15.
- Golf Head-to-Head Betting – In Head-to-Head betting you are wagering on two certain golfers strictly going against each other. When you are betting on head-to-head, you only have to concern yourself on who will finish in a better position. Even if they do not finish first in the event, if your golfer finishes ahead of the other guy, you win. An example of head-to-head betting would look like this: Tiger Woods (-180) vs. John Daly (+150).
- Golf Top Three Finish Betting – In top three finish betting, you are wagering whether a guy can finish in the Top three of the event. Since you have three places your player can finish in, your odds are better, and your money earnings would be a little lower. The top three finish betting is similar to odds betting, except you get different odds.
- Golf Parlay Betting – Just like all other sports, parlay betting in Golf allows you to place several bets into one. The thing about a parlay bet is ALL of your bets MUST win for you to win. You can parlay several golfers into a Top Ten finish bet, or parlay several head-to-head match-ups together. Obviously the more chances you have to lose, the higher your odds will go, but the more money you could win.
- Golf Future Bets – In future bets regarding Golf, you are placing a bet on something that will happen in the future. The earlier you bet on the event, the higher your odds are, but more money you can win. For example, at the beginning of the golf season, you may want to bet that a certain player wins the overall title for the year. As the season goes along, those odds could go up or down, depending on the success/failures of that golfer.
- Golf Prop Bets – Prop bets for Golf are wagers on individual actions at a certain event. For example, at the PGA Championship, you could get a list of prop bets such as “will there be a hole-in-one”? “Will a player record a triple bogey”, “how many different players will sit atop the leader board during the weekend”. Prop bets could also be about individual players, such as “Will Tiger Woods shoot a 66 or less on any one certain day?” Prop bets can be fun, but also dangerous, because of the amount of them.
- Golf Live Betting – Live betting is a lot of fun for Golf because it is nonstop throughout the day of Golf. When you are live betting, you are allowed to bet on each individual hole, and sometimes even each shot. You can literally track a player, and bet on the result of the shot. It’s not as easy as it sounds, and the odds always favor the obvious result, but in big time events, live betting can be very fun and possibly profitable if done right.
Best Golf Events to Bet on
- Bob Hope Classic – Held in California, this Golf tournament usually gets the new season started. Look for some of the warm weather residents to compete at the top here.
- National Pro-Am – Held at Pebble Beach, the amateurs are some of the guys that we will be watching for years to come. This is event where you never know what will happen.
- World Golf Championships – Held in Arizona. This is a match play tournament. Fun to watch, and definitely different.
- The Masters – The tournament held every year around Easter is televised on CBS. The winner gets the Green Jacket. This usually brings out the best in all of the golfers.
- Byron Nelson Classic – Held in Texas, this Classic is emerging quickly. This course is tough, so the best golfers seem to come out near the top.
- US Open – What more needs to be said than the United States open. The American’s take much pride in this event.
- John Deere Classic – Held in Illinois during the middle of the summer – look out for the heat in this event. Only the strong will survive in this one!
- British Open – Held in England, this event is one of the oldest in the game of Golf.
- The Barclays – A playoff event. This year the Barclays are held in New Jersey. The winner receives 2,500 FedEx Cup points.
- Presidents Cups – This year, Australia gets the event. This seemingly wraps up the Golf season, as it’s held just before Thanksgiving.
Some helpful hints on Golf Betting
When you are betting on Golf, be sure to think about the following things:
- Injury status of players – is your golfer nursing an injury?
- Weather – Golf is strictly an outside game. The weather takes a toll on almost all events.
- Golf Course status – how is the course player? Some courses benefit certain kind of players, and others are a disadvantage.
- Player lines – watch the player lines, and see which direction they go, and do your research on why they are moving that direction.
Have fun when you are betting on Golf. Golf is a game of patience, and when you are betting on it, make sure you stay patient. It’s important to keep your ups and downs at check during an event. Just because your golfer is struggling, does not mean you are bound to lose your bet!