What Are The Most Popular Ways To Bet On Golf?
There are many fun ways to bet on golf. If you’re looking to win money on PGA lines for the majors and other tour events, then you’ve come to the right spot. We provide you with a brief rundown on a handful of popular golf betting odds types below so you can head to your preferred sports betting site and start placing your bets today.
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PGA Odds To Win: Pick A Winner
The easiest and most popular way to bet on PGA Tour betting odds this week is by picking who will win a golf tournament such as the 2022 Masters Tournament held at Augusta National. If the golfer you pick wins the event, you win your bet, but if the golfer you pick doesn’t win, you lose your bet.
Match Betting
Match betting is when two golfers are grouped together in a pair. Bettors pick which one they think will have the best score for a given round within the event.
Let’s say Brooks Koepka and Dustin Johnson are both in the field. Their odds for the PGA Tour this weekend to win the matchup would likely be even at -120 odds each.
Three-Ball
On the first and second rounds of a four-round tournament, people play in groups of three. In three-ball betting, you wager on which of the three in a particular group will have the best score of a specific round.
Group Betting
Group betting is where bettors wager on someone from a particular group to have the highest finish after 72 holes. There are usually five in a group bet that are from comparable world rankings or the same category based on the odds.
Prop Betting
Prop bets are wagers based on occurrences or non-occurrences during a sporting event, and might not affect the overall outcome. They’re considered novelty bets since they deal more so with individual milestones.
Prop bets are a fun way to make your experience positive and spice things up a little bit. There are many betting props and odds offered in golf. For example:
- • Will anybody in the field score a hole-in-one?
- • Will there be a playoff needed in order to crown a champion?
- • Will Scottie Scheffler lead after the first round?
- • Will Tiger Woods finish within the top five?
- • Who will be the top European overall?
Futures
With golf futures odds, bettors make their wagers long before an event starts. Bets on who will win the RBC Heritage at Harbour Town Golf Links in Hilton Head Island, South Carolina, or who will finish on top of the official money list are all fantastic PGA futures.
Live Betting
Let’s say you bet on Justin Thomas and he winds up being out of the running. It could happen at any point over the course of the weekend. With PGA live betting, you can get back on track by betting on golf lines for someone else, like Jon Rahm, as the days go on.
Parlay Betting
Parlay betting is when bettors make multiple bets on one big bet. In order for bettors to win money, each and every bet has to win. If even one bet loses, the entire parlay ticket flops.
An example of this would be a $100 parlay bet on Rickie Fowler beating Jordan Spieth and Cameron Smith beating Bubba Watson in the U.S. Open. Remember, you have to get both bets right in order to win or that $100 goes into the drink.
Each-Way Bet
With this type of bet, bettors make two equal wagers on a golfer. The first bet is to win the entire thing and the second bet is to place at the event.
How Do Golf Odds Work?
Let’s say Rory McIlroy is the +900 favorite to win the Masters. That means a $100 bet on McIlroy to wear the green jacket would pay out $1,000. You would get your bet amount of $100 back plus your winnings of $900.
Because it’s incredibly difficult to win major golf events, there is risk involved in pre-tournament bets due to all the talent in the field.
Matthew Wolff might be considered a long shot to win the Masters. With +15000 odds to go all the way at Augusta, a $100 bet on him to win outright would pay out $15,100. You would get your $100 returned, in addition to your winnings of $15,000.
What Are The Most Popular Golf Events To Bet On?
The most popular golf events to bet on are golf majors such as:
- • The Masters
- • PGA Championship
- • U.S. Open
- • British Open
To find out more information on the latest golf odds this week and what the most popular golf wagers are, head on over to our Golf Betting News and How to Bet on Golf pages. You’ll learn everything you need to know about PGA golf odds for this weekend, betting options, and all PGA Tour events!
Golf Odds FAQ
How Do Odds Work In Golf?
Golf odds may be represented in American, decimal or fractional odds. Here at Odds Shark, we use American odds. If you wager on a golfer to win a tournament, a golf betting site may have their odds represented by +350. This shows that if you bet $100 on them, you would win $350.
How Do You Win A Golf Bet?
Just like in any sport, you must be strategic when golfing betting. One of the first things you need to know when learning how to bet on golf is what each type of bet is and how you win them. There are several bet types to place on golf such as tournament Sportsbook and group betting, all with varying win requirements.
How Do You Hedge A Bet In Golf?
Hedging a bet in golf works the same way hedging in other sports does. After you have placed a pre-match bet, you can live-bet against your original pick as an event unfolds. This way you can minimize any potential losses or even give yourself an opportunity for double profits.
