Ryder Cup Market Report: Is Europe the Sharp Side?
Scottie Scheffler and Pictured: Brooks Koepka. Credit: Jamie Squire/Getty Images.
The 2023 Ryder Cup gets under way on Friday in Rome.
The Ryder Cup is always the most-anticipated event of the season. It only comes around once every two years and it is a completely different dynamic than anything golf fans are used to.
Golf becomes a team sport for one week as the United States faces Europe.
The United States was expected to be a heavy favorite in the matchup but that is no longer the case. The U.S. opened at -175 and is currently +100 to win the competition at BetMGM.
The Europe side is +110 with +1100 odds on the tie. If the two sides tie, the trophy will go to the United States because a tie goes to the current trophy holder.
The U.S. has gone from 63.64% implied probability on the opening line to 50% currently.
For such a drastic shift in the line, one would expect a massive amount of money coming in on the European team.
That isn't necessarily the case. Europe is getting 41% of the bets and accounts for 48% of the handle at BetMGM. The United States is getting 46% of the bets and 49% of the handle. There is still more money on the U.S. than Europe.
It is likely most of the sharp money has been coming in on Europe as sportsbooks continue to move the line in Europe's direction.
There are other popular markets to bet, including top points scorer.
The most bet-on player for points is Europe's Viktor Hovland at +900. The most bet-on American is Brooks Koepka at +1600 odds.