To bet on the golf events each year, you will want to know the ins and outs. So, you may not be familiar with all the betting on golf terminology just yet. But, you will be after reading the golf betting tips listed in this guide.
Now, when you go to place your bets on golf events, you must know all about betting odds golf enthusiasts need. And, you will want to know how to place these bets. Plus, you will need to know where to place your golf bets.
So, if you need a guide to the types of bets you can place on golf, this is for you!
The Top 7 Golf Betting Sites in India
Now, one of the first things you need to know is where to place your golf betting wagers. Betting for golf is not the same as betting for other sports. So, you will want to look into bookmakers that address your needs when it comes to your golf wagering.
The following table lists the best bookmakers when it comes to golf betting.
We will discuss how we chose the above-listed bookmakers later in this guide. But, they are some of the best sports betting websites available. And they have been vetted by strict criteria.
Golf Tournaments To Bet On
Another important factor for golf betting is knowing the tournaments that take place for golf each year. Betting on golf tournaments is a great way to break into the golf wagering market. And, many bookmakers offer promotions centred around the biggest golf tournaments of the year.
There are a few things to keep in mind when betting on golf tournaments. Many of the same players are the top players each year when it comes to golf. Because golf is not reliant on teams, the players can be more consistent in golf.
So, make sure to do your research. That way, you will know who is the favourite to win each golf tournament going in. And, you will be able to place your best bets.
The Masters is maybe the most well-known golf event that takes place each year. The Masters tournament is one of four major golf tournaments that take place annually. The Masters tournament is of the first major golf championships that take place each year.
The Masters tournament takes place every year in the first full week of April. The Masters takes place at the Augusta National Golf Club each year in Augusta, Georgia. The Masters Tournament was founded in 1934, an impressive eighty-five years ago!
The prize fund for the Masters Tournament is eleven and a half million dollars. In 2019, the winner received two million, seventy thousand dollars.
The United States Open Championship, commonly referred to as the U.S. Open, is the United States’ national open championship of golf. The U.S. Open is held each year. The U.S. Open is known as the third of the four major championship events each year in golf. It is held in mid-June each year.
The U.S. Open is on the official schedule of both the PGA Tour and the European tour. The U.S. Open is even older than the Masters tournament. The U.S. Open began in 1895, which is an astonishing one hundred and twenty-four years ago!
The prize fund for the U.S. Open is twelve and a half million dollars. The winner receives two million, two hundred fifty thousand dollars. So, it is a tournament that you play to win!
The Open Championship is often referred to simply as The Open or as The British Open. The British Open is the oldest golf tournament in the world. It is also one of the most prestigious golf tournaments in the world.
The British Open is considerably older than the other golf championships, having been founded in 1860. That makes the British Open an amazing one hundred and fifty-nine years old! The British Open is held each year in July.
The British Open is the fourth and final major golf tournament of the year, after the Masters Tournament, The P.G.A. Championship and The U.S. Open. It takes place over four days in the summer. It usually starts the day before the third Friday in July, as previously mentioned.
The prize fund for the British Open is currently ten million, seven hundred and fifty thousand dollars. The winner receives one million, nine hundred and thirty-five thousand dollars. It is quite an exciting golf tournament!
The Ryder Cup is not one of the four major golf championships each year. This is in part to the fact that the Ryder Cup is a biennial men’s golf competition. The Ryder Cup is a men’s golf competition between teams from the United States and Europe.
As mentioned before, the Ryder Cup takes place every two years. The venue changes from golf courses in Europe and the United States. The Ryder Cup was established in 1927, an impressive ninety-two years ago.
The Ryder Cup takes place every two years in late September or early October. The next Ryder Cup will take place from 25 to 27 September 2020. And, it will be held in the United States in Wisconsin.
The Ryder Cup does not offer traditional prize money. But, many players receive bonuses for Ryder Cup wins. And, they can make money off of endorsements.
U.S. P.G.A. Championship
Betting for golf events is not complete without talking about the U.S. P.G.A. Championship. The U.S. P.G.A. Championship is the second of the major golf championships that take place each year.
Now that it takes place in May, the U.S. P.G.A. Championship is held on the weekend before the U.S. holiday Memorial Day each year. A relatively newer championship compared to the others, the U.S. P.G.A. Championship was founded in 1916, one hundred and three years ago. The U.S. P.G.A. Championship does not take place at one consistent venue each year.
The prize fund for the U.S. P.G.A. Championship is eleven million dollars. The winner receives nearly two million dollars, at one million nine hundred and eighty dollars for the prize. Only one hundred and fifty-six players can compete in the U.S. P.G.A. Championship.
Golf Betting Odds Explained
To bet on the golf events you just learned about, you will want to learn all about golf betting odds. Golf betting odds are different from a lot of other betting odds in sports. The average golf sporting event has one hundred and forty players, and therefore golf odds, to navigate.
However, because there are no teammate variables, many of the same golfers tend to be the favourites and their golf betting odds reflect this from year to year. And, the betting odds golf enthusiasts look at can change from tournament to tournament quite quickly with a player’s ability changing. But, first, you must learn what these betting odds mean.
Golf Betting Odds Example Using Implied Probability
Let’s imagine that a player in an upcoming golf tournament is listed at 35.0 odds to win the game. What does this mean? You can use a formula to figure out what it means.
- The formula for converting decimal odds into implied probability
Implied Probability = 1/ decimal odds
So, using the number from our example:
Implied Probability – 1 / 35.0
1 / 35.0 = 0.02857
Implied Probability = 2.857%
So this means that the player has a 2.857% chance of winning the tournament. These are not great odds for that player!
Now, you may be wondering what kind of profit you would make off of such a bet. So, you will want to learn how to calculate that profit. And, using the same example from above, we will do just that.
- Here is the formula you will use to calculate your profit:
Profit = (Stake x Odds) – Stake
So, let’s say the stake is 100 pounds.
Profit = (100 x 35.0) – 100
Profit – (3500) – 100
Profit = 3400
Now, the odds were highly against this bet paying out. However, because those odds were so low, the profit is quite large. But, a bet like this one would have been quite risky!
Main Golf betting types
You have now learned all about the betting on odds golf punters use to calculate their profits. And, you have learned the best bookmakers to use to place your bets. Now, you will learn the types of bets you can place on the golf event of your choice.
Tournament Winner Betting
A Tournament Winner bet is one of the easiest to understand bets. And, it is one of the most common types of bets you can place. So, it is one of the first bets you should look into place on golf.
When placing a tournament winner bet, you choose the player you believe will win the tournament you are betting on. To figure out who you should bet on, you should do your research. See who is winning the tournaments that have taken place most recently. And look at the odds listed for the players on various bookmakers.
When you bet on the golf events, you should look into each-way betting. With each-way betting, you place a bet on a player to win a tournament with an equal stake placed on the same player to finish the tournament as “placed.” A placed finish is determined by each bookmaker, so you must research this before putting any money down.
Each-way betting is a type of bet where you will want to research in terms of bookmakers. Some bookmakers have betting each-way betting terms offered than others. So, it can pay to find the best bookmaker and odds possible.
Top 10, Top 20 Finish Betting
Top 10, Top 20 finish betting is different than outright winners or each-way betting. This type of betting focuses on the types of players who are known as cheque collectors. These cheque collector players never finish first and will not shake up the leaderboard most times.
However, these types of players always cut to compete in the tournament and earn their cheques. These type of side market bets can be quite profitable because they go under the radar. So, all you need to do is place a bet on one of these types of players to place in the top 10 or the top 20 of the tournament.
Another good type of golf bet is match bets. You can place a match bet on numerous things, for instance, who will have the lowest score out of two or three-ball group. Or, you can do a virtual matchup of two players who are indifferent groupings but playing the same course. It can be a good way to place your bets without too much risk.
First Round leader betting
The First Round Leader bet is gaining ground as a particularly popular bet to place. Many golfers start especially strong. And, if you are aware of these golfers, you can place your money on them to be the first-round leader.
Keep in mind, all players who start strong may not finish strong. So, a first-round leader bet can be especially lucrative if you choose one of those types of players. This is because they may go under the radar for the average golf bettor.
Betting on golf tips and strategies
Betting on golf tips and strategies are especially important to learn. If you are new to betting, you will want to learn the most betting on golf tips that you can. The following golf betting tips will have you placing the best wagers you can in no time!
Study General form
This is one of the golf betting tips that seems fairly obvious. But, you will want to make sure you do your research on all of the players you are considering betting on. You will want to know how your player has been performing in their golf tournaments.
By being aware of the general form of your player, you will be able to predict how they will play in the next tournament. This research will allow you to place your bets accordingly. And, you will be an informed bettor.
Check the weather
Now, this may seem like a less obvious one of the golf betting tips. However, it is very important. Golf tournaments and the players who are participating can be greatly affected by the weather. So, you will want to know what the weather will be like during the tournament.
You may favour a player who does not play well in windy conditions. Maybe this player is not able to calibrate their swing with the wind all that well. Well, you will want to know if it will be a windy time during the tournament!
Compare the odds
Now, this is a fairly obvious tip for bettors on golf. Now that you know how to read the odds that are listed for golf on bookmaker sites, you will want to compare them. That way, you will know who is favoured to win the tournaments.
And, you will be able to calculate your winnings if your bet ends up paying off. So, you can compare the odds to figure out which is the most lucrative bet. Then, you will be able to do so with full confidence!
Look for Value
You must make sure to only place bets when there is value in the odds. Some opportunities are value opportunities versus others. You must make sure to calculate the implied probability of the outcome you have chosen.
Then, you can use the implied probability to determine if you are placing a safe bet. And, you can also calculate the amount your bet will pay out if it wins. If it will not pay out a large amount, your bet may not have value.
Golf Live Streaming
Golf Live Streaming is especially important if you are placing bets on the tournament. Betting live will also require the ability to watch the tournament live. However, no website or bookmaker offers free golf live streaming in the U.K.
However, if you are a paid subscriber to Sky services or the P.G.A. services, you can access golf live streaming. This golf live streaming that is paid can be accessed on apps on your device of choice as long as it is compatible. But, your best bet is to look up the TV schedule of the golf tournament you want to watch.
How we selected our bookmakers for golf betting
Now that you know so much about betting for golf events, you probably wonder which bookmaker is best. Well, you will want to look at the same criteria for betting for golf that we did. And, those criteria are explained below.
Whether you want betting odds golf enthusiasts need or golf betting in play, we checked out the bookmakers we listed. And, factors like betting offers, golf betting in play, and golf betting live were considered. We wanted to make it as easy as possible for you to bet on the golf tournaments that you want.
When looking to bet on the golf tournaments, you want to find a bookmaker who has the best betting offers. These betting offers can be centred around the various golf tournaments. And, they will make your bets more lucrative.
Also, many online bookmakers offer welcome offers to entice customers. So, the online bookmakers with the best betting offers were also considered. These betting offers can be bonus cash when you sign up. Or, they can be a first deposit match up to a certain amount.
The best online bookmakers have comparable odds. And, some of the bookmakers will also offer handicap betting, which uses slightly different odds. But, these odds must be comparable with research.
So, we looked at the bookmakers who have the best odds according to research. And, you can check these odds by doing your research.
The best sports betting websites also have large betting markets. So, you will be able to place your bets on the largest amount of sporting events possible. And, they have large betting markets when it comes to other sports too.
Many customers will want to make sure that their other favourite sports are listed on their online bookmaker of choice. This is so that they can use one website for their betting needs. The online bookmakers we chose have a wide variety of sports offered.
Another important factor when choosing an online bookmaker is live streaming capability. While no online bookmaker offers golf live streaming in the U.K., other sports are offered as live streams. Many of the online bookmakers only require that you place a bet to watch the live stream.
Bet on the golf guide conclusion
Now that you have read this guide, you will understand how to bet on the golf events that take place each year. You should be able to calculate the profit from your bets. And, you should be able to make the best-informed bets possible!