There are a wide range of tournaments world wide when it comes to Golf, with the US PGA alongside the Euro Tour and the Asian Tour, as well as events in Australia.
Whether it be outright betting, round betting or more exotic betting like whether there will be a hole in one, down below are the key betting options to bet on Golf.
Outright Winner Bet
This bet sees a market on the outright winner of a specific tournament. Given there are usually 50+ entrants in a tournament, there is good value to be had no matter what tournament you are betting into. For example, if you back Thirston Lawrence to win the South African Open at odds of $4 and he wins, you’ll get a collect of $40.
Round Leader Bet
This is a betting option where punters can back who will lead the rounds at the close of play each day. While some better players get stronger as the tournmanet progresses, there are other players who come out all guns blazing to start a tournament and with that, there is good value to be found if you can lob with the right player. For example, putting $10 on Scott Jamieson to lead after the first round at odds of $10 and he does lead at the close of play, you’ll get a $100 collect.
Each Way Bet
This is generally saved for the better class tournaments, especially the majors, but this is where punters can back a player to finish a certain position after the final round. Most bookies will have markets on top 3, top 5 and top 10, with the odds decreasing with each market. For example, backing Cam Smith to finish top 10 at odds of $2 in the Masters, you’ll get a $20 collect if indeed he finishes top 10.
Top Nationality Bet
This is a betting option that sees punters on what nationality the winner will be, whether it be Australian, American, Japanese and plenty more options, depending on what bookie you bet with. For example, if you put $10 on Dustin Johnson to be the top America in the Masters at odds of $5 and indeed he is the best of the Americans, you will get a $50 return.
Match Play Bet
Match Play isn’t really seen too much in Golf these days but when it is played, it is usually a great spectacle. It’s mainly seen on a couple of occasions. First is with the Ryder Cup where Team USA takes on Team Europe. The other big match play tournmanet is the Presidents Cup where Team USA takes on the rest of the world. There are usually a wide range of markets available, whether you want to bet on which team will win or you can bet on specific match ups across the tournament.
Head To Head Bet
Whilst the outright winner market is the more popular, some bookies will have head to head markets available on certain players, mainly in big tournaments, especially the majors. An example of this would be Cam Smith vs Rory McIlroy in the Masters, putting $10 on Smith to win at $2 to finish ahead of Mcilroy, and if he does, you will get a $20 collect.
Hole In One Bet
It’s the holy grail for every golfer and every now and then, a hole in one happens during a tournament. Bookies will put up odds as to whether or not there will be a hole in one, and generally offer up decent odds that there will be given it is unlikely more than likely. For example, if a hole in one is paying $3 and one happens, you’ve put $10 on it, you will get a collect of $30.
US Masters Bet
The biggest and best tournament on the golf calendar is the US Masters at Augusta, where it brings together the best field of any tournament in the world. It’s the most popular tournament to bet on given there is generally good value in players because of how hard it is to win. For example, if you put $10 on Cam Smith to win the Masters at $9 and he wins, you will pick up $90.
Most online wagering operators have futures markets available on all four golf majors, those being the US Masters, PGA Championship, US Open and the Open Championship. There are also other key tournaments across the world where bookies will put up markets on those events, so there is plenty to be found for punters. For example, putting $10 at odds of $13 for Rory McIlroy to win the US Open and he salutes, you will get a collect of $130.
Make/Miss The Cut Bet
This is a betting option mainly seen during the majors on key players. This sees the bookie set up a price on whether they think a player will make the cut or miss the cut, which is after the second round. For example, if you put $10 on Tiger Woods to make the cut of the US Masters at $2.20 and he does make the cut, you will get a $22 collect.