Betting on professional golf can not only make your experience as a fan more entertaining, but it can also make your wallet much larger at the same time. We will cover some of the most popular golf bets you can place to make the most amount of money, different events available throughout the year and the various markets available to place your golf betting needs.
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To win bets are the simplest yet most popular golf bet available. Despite it being simple and attracting massive crowds, to win bets still, offer out the opportunity to make big money with well-conducted research and an effective strategy. An example of a to win bet is betting on a golfer such as Tiger Woods to win an up and coming tournament. If Woods is successful and outright wins the tournament then you will win the bet. If Woods is unsuccessful and does not win the tournament then the bet will be lost. It does not get any simpler than that.
2. Prop bets
Prop bets are not your traditional type of bet. These golf bets are focused on betting on aspects of the tournament in which are not directly related to the outcome. For example, betting on if there will be a playoff or not or if the winner of the tournament will be aged 40 or over. These bets despite being whacky and fun have the possibility to yield high profits, especially if you have background knowledge on who is playing in each tournament. If you’re looking for something less serious, more fun and with the opportunity to make big money consider placing prop bets alongside a to win bet.
3. Future bets
Although these bets may sound fancy, in reality, is just a posh way of describing a longer-term bet. An example of a future bet is betting on a player such as Tiger Woods to win the PGA championship. Placing a bet prior to the start of the championship (or at the beginning) will most likely offer the greatest odds, especially for underdogs. However, as the tournament goes on, the better or worse the player does affect the odds in which you can bet on. Betting at the beginning of the competition will result in fixed odds, often resulting in the biggest payout if your chosen player such as Tiger Woods is to win the PGA championship.
4. Head to head golf bets
Head to head golf bets places two golfers of your choosing against each other to fight for positions in a championship and or tournament. For example, betting on two golfers in the fifth round of a tournament and selecting one of these golfers to finish better than the other, let’s say 35th and 37th position between the two of them. These head to head bets are a great way to make lots of money, especially if you have prior knowledge over both golfers and are confident that they are capable of beating the other opponent. These bets are interesting as they are unusual, instead of betting two golfers against the other and not on the final outcome/out-right winner of the tournament and or championship.
5. Versus the field bets
Versus the field bets allow you to root for the entire field of players expect a handful of golfers. These bets typically are only available towards the latter ends of a tournament, usually when a golfer is seen to be making a break on points and already considered to be crowned the winner of the tournament. These bets allow you to bet on any other golfer left in the tournament to win except for one individual. For example, let’s say Tiger Woods is pulling away from his competitors and is set to win with a few rounds left, you can, therefore, place a bet that any other golfer is to win the tournament. If for instance Jason Day beats Woods unexpectedly, or any other golfer for that matter the bet will come through and you will win. Since these bets go against the bookmakers they commonly pay out heavy cash prizes as they are so rare. Placing even a small bet on versus the field bets has the potential to increase your wallet proportionately.
How should you choose a golf bet?
When choosing a golf bet it is important to do prior research of both the competition/tournament and the players who are competing. If the odds are favoured to one particular golfer, you may benefit more from head to head golf bets or different kinds of prop bets to increase your payout. Alternatively, betting little money on an underdog can wield heavy cash making potential if they are to win, this, however, is a big risk, yet big risks often yield big rewards!
Why should you place a golf bet?
With so many riders taking place in each horse race, it can be an exhilarating and nerve-racking experience watching the race. However, with so many rivals also means an increased chance for a big pay-out. Doing your research and betting on an ‘each-way’ increases your chances of making big money or winning your money back if all else fails whilst backing one of the favourite horses. Each-way bets will be discussed further below in the ‘markets’ section.
9/10 times you’ve turned the TV on and golf is underway. Golf is one of the world’s most commercial and most watched sports, resulting in many different betting options and many different events in which are available to bet on. For example, bets can be placed on the PGA tour, Canadian open and Draft Kings to name a few. The majority of bookmakers will offer odds on these big events, often with a handful of bookmakers offering odds on smaller golfing events too (these events can be a fantastic way to make extra money if you are familiar with amateur and or less well-known golfers).