What You Need to Know Before Betting On Golf - Golf Betting Tips

Sports Betting

 

Golf Betting Tips

Golf betting is a tough thing if you are betting on the field. Luckily for all of you golf betting fans out there, there are quite a few different betting options. The most common type of bet is indeed, the bet where you are taking one player to win the entire tournament. But the good thing about golf is that there are other, more popular options such as prop betting, and golf match-up betting. Both of these won't offer odds nearly as high as picking the winner of a the whole event, but are the more profitable bets typically. We'll look a bit more in-depth at all of these options though.

Best Golf Betting Sites
Best Golf Betting Site > Bodog.com - US Friendly Sportsbook
Best Golf Odds > 5Dimes.com - US Friendly sportsbook
Best Bonus - $200 Free > Bet365.com

» Picking the Winner of the Event

The following is a list of some of the biggest events that are played in golf:

  • The Masters
  • US Open
  • Open Championship
  • PGA Championship
  • British Open
  • Champions Tour

Those are the main events that you can get on a single golfer to win the entire event. The way that betting on a golfer against the field is set up, is that each golfer is given odds; and you have option to choose one of many golfers who you think will win the event. The great part about betting on one player against the field is the odds that are given to you. Typically the LOWEST odds that you will see in this type of bet are between 8 to 1 and 10 to 1. So that means that for every $100 that you bet, you will win $800 or $1000 back. The payouts on these bets if you can hit are very nice. When betting on one player against the field though, it is typically best to pick a group of 3-4 players who you think have a realistic shot at winning, due to how up and down golf tournaments can go sometimes for players. Here's an example:

Betting on the 2011 Masters:

  • Tiger Woods: 20/1
  • Rory McIlroy: 10/1
  • Phil Mickelson: 12/1
  • » Match-up Bets

    A match-up golf bet is essentially a heads-up match between two golfers with odds on both. The player who is the favorite will get the odds listed as a favorite, and will vary by how much of a favorite he or she really is. The odds on a match-up bet aren't nearly as high as the previous bet, but the chances of hitting this bet are much higher. In order to win this bet, whichever player that you bet on must finish higher than their opponent at the end of the event. Most sports bettors who bet golf heavily tend to go this route with their golf bets. Here's an example of a match-up bet:

    • Tiger Woods +120
    • Rory McIlroy -180

    So this means that if you were to bet $100 on Tiger Woods, you would win $120 if he beat McIlroy. On the other side, if you bet $180 on McIlroy, you'd win $100 because he is the favorite here.

    » Prop Betting

    Prop betting is very interesting when it comes to golf. There are quite a few different options for prop betting in golf, and a lot of them are purely for fun and enjoyment. There are also some that actually involve the entire year in golf. For example, a golf prop bet that is more "fun" based, could be a bet on what color hat or shirt Rory McIlroy will be wearing during the 3rd round of the Masters. But they also have the real golf bets as well, here's an example of a golf prop bet:

    Rory McIlroy's Major Wins in 2012:

    • No Majors: -180
    • 1 Major: +200
    • 2 Majors: +700
    • 3 Majors: +3000
    • 4 Majors: +7000

    So as you can see, the odds on these bets go up quite a bit with the tougher the bet gets. So if you think Rory McIlroy will dominate the field in 2012 and win 4 majors, you could get paid out 700 to 1 on your money. Of course these bets can be tough, but if you can hit one, the payout is typically very good.