How to Bet on Golf

Credit:

USA TODAY Sports. Pictured: Tiger Woods

Jun 07, 2020, 07:00 PM EDT
  • The 2019-20 PGA TOUR season will resume at the Charles Schwab Challenge on June 11.
  • Want to learn more about how to bet on golf or just looking for a refresher? Check out Josh Perry's primer on golf betting and how it works.
  • Whether you're looking for a longshot to cash big or fading one particular player or something in between, there's a way to get action down to fit your needs.

Golf provides a lot of options for bettors to find value each week.

The wide variety of choice allow bettors to pick their spots carefully and with tournaments basically every week, there’s the chance to be patient each week and wait for a few good spots to attack. Before we jump into the types of bets you can place in golf, let’s go over a few key items.

[BetMGM is offering the best prices on outright bets for this weekend’s Charles Schwab Invitational. Sign up now if you’re in CO, NJ, IN or WV.]

How to Bet on Golf

The first thing you should become familiar with is how the odds work in golf.

For example, if Tiger Woods is +800 (also written as 8-1) to win a tournament, that means that if you bet on Tiger to win and he does that, you win 8x your investment. If you bet $10 at +800 and cash, you will net $80.

Normally, the favorite for a golf tournament is between +600 and +1300 while the biggest longshot could be as long as +50000 (500-1).

In matchup betting, where you pick one player to post the better score in a round or over the course of a tournament, you will see odds much more inline with other sports.

For example, if you are betting $10 on Dustin Johnson to beat Justin Thomas in a tournament and Johnson’s odds are -110 you would need to bet $11 to win $10. That -110 is known as the “juice” which is the tax that sportsbooks create for placing a wager.

Bet Types

1. Outright Winners

Outrights are simply betting a guy to win the tournament. These provide the best longshot options in any sport in my opinion.

Even the favorite to win an event will usually pay at least 5-1. It’s also a sport where 100-1 or higher odds hit pretty often.

There are usually a lot of guys in this range, so it can be pretty tough to find the one who can actually win, but they do offer a way to hit a large payout with very little investment.

2. Place bets

These give bettors the option to decide whether players will finish inside the top 5, 10 or 20. These offer less of a payout than outrights obviously, but can keep the bankroll afloat while waiting for an outright winner.

Winning a golf tournament usually requires a bit of luck, but this allows bettors to get a payout when a golfer works their way into contention.

Most of my best bets each week will come from top 20s on players who are in good form and have good course history. You’ll usually still get at least even money on most of these plays.

3. Matchups

Bettors can also pick one golfer straight up against another. Usually it will be players pretty close to the same outright odds, so you’ll see lines pretty close to -110. You’ll never see a Dustin Johnson vs. Jim Furyk matchup posted.

These are great spots to target golfers who are in bad form and fade them when they’re put up against golfers who have been playing better. Certain courses will also favor a specific type of player, whether it’s a guy who hits it a mile off the tee, has a strong approach game or relies heavily on their short game.
This is the chance to identify what type of player fits the course and bet those players against others who aren’t as strong in those areas. These type of bets can be for the full tournament or just one specific round.

4. Props

Lastly, we’ll look at prop bets. We usually see golfers grouped into a variety categories. Books will break them down mostly into country of origin, so you can bet the top American, Englishman, Spaniard and so on.

We’ll also see other types during bigger tournaments like the Masters. Top senior, amateur or lefty.

These offer value on occasions where were can eliminate large portions of the group because of course type or form and whittle it down to a couple of players we think can come out ahead of the rest.

As mentioned, it’s hard to win a tournament, but usually we can figure out what type of player should succeed at a given course and this is another place to take advantage of that knowledge.

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