Golf Betting and Odds

Last Updated: April 4, 2024 10:43 pm

It may not be a weekly or daily sport to gamble on, but when a golf tournament rolls around, being able to read a sportsbook’s golf odds page can help you make high-quality bets.

Even if you only gamble on golf a few times a year, learning golf basics and the tournament’s selected odds will go a long way toward winning results.

Instead of taking a random shot in the dark betting on golf, read on to learn the different selections you could take when putting money on a wager. 

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Golf Betting Types

Future Championship Wager 

The most popular golf bet in the world is the future championship wager. This bet has you picking who you think will be lifting the trophy at the end of a golfing tournament. It’s that simple. If you select golfer A to win, and they don’t, you lose. However, if golfer A defies the odds and wins, so does your wager. To understand golf future championship odds, most of the odds will be in plus money territory. For example, if golfer A has a +450 chance of winning the tournament, a $100 bet would return $550 in total ($450 of winnings, + $100 of the original bet). 

To Make The Cut 

If you are looking to make a successful wager that would only last about half the tournament, a wager on who will “make the cut” is right up your alley. Usually, after 36 holes, the competition is halfway through, and the officials will often remove a portion of the field. These players will have no chance of winning the tournament. If you are interested in placing a wager on a golfer to make the cut, they would need to make it past this purge. For example, if golfer A is -150 to make the cut, a $150 wager would return $250. 

Golf Betting and Odds FAQ

How does golf betting work?

Golf betting involves wagering on various outcomes of golf tournaments, including betting on the winner, match bets, prop bets, and futures. Odds are set by sportsbooks for players to win tournaments, finish in certain positions, or achieve specific feats within the tournament.

What are the basic odds and betting options in golf?

The most straightforward golf bet is predicting the tournament winner, with odds reflecting the potential payout for choosing correctly. Prop bets on specific events within the tournament, such as a hole-in-one or the top nationality, offer more variety. Head-to-head and three-ball bets focus on smaller groups of players within the larger field.

Can I bet live during golf tournaments?

Yes, live betting allows you to place bets on golfers as the tournament progresses, offering the opportunity to wager on outright winners among other options. This form of betting is popular due to the dynamic nature of golf tournaments.

What are golf futures?

Futures in golf betting involve wagering on the outcomes of future tournaments, such as predicting the winner of the Masters months in advance. This type of bet locks in current odds, potentially leading to a higher payout if your prediction is correct.

What types of bets can I place on golf tournaments?

In addition to picking winners, you can engage in match betting, three-ball betting, group betting, prop betting, futures, live betting, parlay betting, and each-way betting. Each offers a different way to engage with and enjoy golf tournaments through betting.

How do golf odds work?

Golf odds can be presented in American, decimal, or fractional formats. They indicate the potential payout on a bet. For example, a golfer with +700 odds to win a tournament would return $700 on a $100 bet if they win.

What are the most popular golf events to bet on?

The most popular events include the four major championships: The Masters, PGA Championship, U.S. Open, and The Open Championship (British Open). These tournaments draw significant betting interest due to their prestige and the quality of the field.

How can I win a golf bet?

Winning a golf bet requires strategic thinking and a good understanding of the sport and the players. It involves selecting the right type of bet for your knowledge and risk tolerance, whether that’s betting on individual players, engaging in prop bets, or predicting tournament outcomes.

How do you hedge a bet in golf?

Hedging a bet in golf involves placing additional bets to guarantee a profit or minimize potential losses based on the outcome of the tournament or specific matches. This strategy can be used when your original bet is in a position to win but still carries risk.