Golf Odds Explained
Golf has one of the most dedicated fan bases in sports betting. Handicappers are treated to attractive odds throughout the year, especially during the tournament season. On average, these odds offer bigger, and better winnings than other sports, which is perhaps why you might be interested in beginning your golf betting journey.
Understanding golf odds is crucial to any success you might derive from betting on the sports.
Understanding Golf Betting Odds
Golf betting offers different odds for various bets. These bets are different from what you would find in other sports.
Outright winners odds
Outright winners bets are wagers on the winner of a golf tournament. They use odds based on $100, i.e., how much a $100 will win you if your prediction is correct. Typically, there are no negative odds in golf betting, even for the favorites.
Odds range from +500 for the favorites to +10,000 for the underdogs. So, even if you bet on a higher-ranked player, you stand to win quite a good amount of money.
Note: There are also round leader odds. These follow the same premise as outright winners. However, rather than wager on who will win the tournament, you bet on who will be the reader after a certain point in the game. Round leader bets are less risky than outright winners. Thus, their odds typically offer lower winnings.
Place/finishing position odds
Place odds are used for wagers where the handicapper predicts which players will finish above certain positions. This can be top 5, 10, or 20. Just like with outright winners, you only get positive odds. And while they can be attractive, they have fewer winnings.
Matchup odds are quite similar to moneyline odds in other sports. They follow the H2H format, i.e., pit two players against one another. The winner in this case is the player who finishes in a higher position than the other at the end of the tournament.
Futures golf betting odds
Futures are wagers on future golf events/tournaments. For instance, you can wager on who will win a certain tournament, even if it is a couple of months away. You can also wager on which golfer will finish highest in world golf rankings at the end of the year.
Future odds are made available early on. They usually offer excellent winnings due to the huge amount of risk involved.
Golf parlay odds
Parlay odds result when you stack several gold bets together in the same bet slip. For instance, you can bet on one player to win the tournament, another to finish in a certain position, and another to finish higher than a certain player, all in one bet. The combined risk of all three bets results in odds that promise excellent winnings.
Betting on Future Golf
Betting on futures gives you a shot at making big money from gambling. For the best odds, you need to watch out for some big golf events with big names. These include all events in the PGA tour;
The Master’s tournament is held every April in the Augusta National Golf Club. It’s the first major golf tournament of the PGA tour and like all other proceeding tournaments, very competitive. Thus, The Masters has really good odds, which are even better if you can bet before the tournament begins.
PGA Championship Odds
The US PGA Championship follows the Masters in May. Future golf odds are available way before that and promise some really huge winnings.
US Open Odds
The US Opens is held every June in the United States. It’s the third major tournament in the golf calendar and provides plenty of entertainment and betting opportunities. Future odds for the US open also have awesome winnings if you can get your predictions right.
The Open Championship Odds
The Open Championship is a prestigious event that has been around for well over a hundred and fifty years. Taking place every July, the tournament brings together the finest golfers in the world. On the other hand, sportsbooks seize this opportunity to present golf betting fans with some really interesting odds.
Ryder Cup fixtures
The Ryder Cup is held every two years. It brings Team Europe and Team USA to one golf course, where they compete for the title of Champion. Golf future odds for Ryder Cup fixtures are quite great. For the outright winner, you can win well over fifty times your initial bet amount.
What are the best sportsbooks for golf?
BetMGM is a market leader in many legal jurisdictions. A solid marketing campaign and various wise marketing agreements have helped the brand acquire momentum. BetMGM offers a wide range of sports to wager on.
BetRivers comes to sports bettors from Rush Street Gaming, which owns PlaySugarhouse. Rush Street has many full-service casinos and internet gaming, as well as multiple restaurants, hotels, television production, TV production, and many more. All Rush Street businesses share a common thread: their destination-based entertainment value promise. BetRivers offers a decent product and an excellent loyalty program.
Caesars Sportsbook’s footprint has risen significantly since the purchase of William Hill’s US businesses. There’s a lot of expertise behind the scenes and numerous sponsorships that draw national attention. The outcome is a great mobile sports betting experience with competitive odds.
Among the several operators awaiting the Supreme Courts’ decision on the striking down of PSPA law was DraftKings. It was the first mobile and online sports betting platform available in New Jersey. DraftKings has swiftly expanded to many other legalized states since then and is in development for more as they pass legislation required. The DraftKings application is renowned for its smooth and sleek interface, as well as a plethora of betting markets and live betting functionality.
The FanDuel sportsbook opened in NJ back in 2018 and has since grown fast to expand itself in almost all the major states that have legalized sports betting. The FanDuel app is one of the sleekest and easiest to use in the business, with immersive and innovative features such as same-game parlays, plenty of live betting opportunities, and more.
Golf Odds FAQs
Yes. Betting on golf is legal in much of the United States.
Outright winner bets are wagers on the tournament winner. Odds are based on $100 and begin from +600 onwards. They show how much money a $100 wager will win you if you made the right bet.
Finding good odds ensures excellent winnings. The easiest way to find them is by comparing odds from different sportsbooks. You should also bet early and look out for expert picks and predictions from top gold betting pros.