How to Bet on Golf: Tournament Odds and Betting Lines

Edna Boykin
October 30, 2024

Golf championships are held throughout the year so that enthusiasts can enjoy a diverse range of betting opportunities. The sport has become popular among punters due to its potential for profit, excitement, and intriguing nature. The convenience of modern sports betting sites has enabled individuals to participate in betting without traveling to a physical club or a bookmaker.

Even with the uniqueness of golf tournaments and the wide range of betting options, there is a lot to learn about tournament odds, types of golf bets, live betting options, props bets, and more.

This guide, therefore, aims to help beginners learn how to bet on golf and use key strategies before they start wagering on golf tournaments.

What Are Golf Tournament Odds?

If you are already into sports betting, golf tournament odds are probably not new to you. However, the sea of symbols and numbers with different odds formats can be daunting for newcomers and even casual punters.

Golf has three main types of betting odds – moneyline (American), fractional (British), and decimal (European). Although they indicate the same thing, they have different payout structures. Golf betting odds are presented differently around the world and hence, it is important to understand them before starting to wager on golf events.

Two common terms used in golf betting are favorites and underdogs. We call a team favorite when we expect the team to win, while the underdog is the team that is most likely to lose the game. The favorites and the underdog may also change based on the different odds types.

Types of Golf Bets

Outright Winner Bets: If you bet on who will win the tournament, then you are essentially betting on the outright winner. This is the most popular bet type in the golf betting market and is essentially moneyline bets that open only a few days before the tournament starts and remain open throughout the game.
Place Bets: Place bets involve wagering on the golfer who is likely to finish in certain positions, such as the top five, the top 10, 20, 30, or 40 on the leaderboard.
Each-Way Bets: You use each-way bets to place two different bets when you want to back a golfer each way during a tournament – one on a golfer to win the entire event and another on the player who will finish near the top of the leaderboard.
Head-to-Head Matchups: Most tournaments in golf betting give head-to-head battles to bet on. Matchups happen when you bet on the golfer who is most likely to perform better between the two players.
Group Betting: Wagers in group betting are placed on the golfer who will finish highest at the end of the tournament.

Live Betting on Golf

Live or In-Play Betting: Live betting, also known as in-play betting, has become the most popular betting style in golf. Live betting players follow the game’s action and place their bets as the game unfolds in real time. Betting on live golf games can level up the excitement for punters as the game is based on numbers, and players can rise and fall down the ranks freely with changing odds. The odds determine the payouts of golf tournaments. This means the odds are just based on the gameplay, making live betting for golf punters one of the most fun betting markets in the industry.
Markets Available for Live Betting: Players at live golf betting sites know that they can access a vast array of markets, including outright winner, each-way, and head-to-head matchups, and make the cut. If you want to explore the beauty of live golf betting, we recommend that you learn how to bet on golf, navigate the different markets available, and choose a reputable golf betting site.

Golf Prop Bets

Analyzing Course Layout: Before joining any golf betting site, you need to understand the course layout, which plays an integral part in golf betting. The golf course’s design can influence a player’s scoring tendency. Courses with deep roughs, narrow fairways, and strategically placed hazards yield higher average scores than forgiving courses.
Weather & Course Conditions: Weather conditions also play a huge role in golf betting. Conditions like wind direction and speed can considerably impact the difficulties of golf shots, which can affect the number of strokes that players take.
Studying Player Form and Statistics: Just like other sports, a player’s form in a golf game is the key. Analyzing a player’s historical data, recent performances, and other statistics can help you gauge that player’s success and form. You should pay attention to different factors like driving accuracy, recent results, and putting performance to identify golfers who are likely to perform well in the tournament.
Betting on The Masters: Masters is one of the major golf tournaments and the strategies used while betting on masters tournament is different from the other golf tournaments.

Shopping for the Best Odds

Tracking Line Movements: To shop for the best odds, start by tracking line movements. Line movement in golf betting can considerably impact the outcome of the bets. Therefore, players who are adept at reading and tracking line movements can enhance their betting profitability.
Comparing Odds Across Sportsbooks: If you have understood the importance of betting odds, you can now start to compare the best odds across golf betting sites. You can find many odds comparison tools available online, especially for golf betting. This can make it easier for punters to compare the odds across different platforms. Instead of comparing them manually on multiple sportsbooks, which can become time-consuming and laborious, players can use tools to compare odds more effectively.

Conclusion

Whether you are a casual bettor or a professional punter, to engage in secure and responsible golf betting, you need to understand how the betting odds work and the types of golf bets available. With the critical strategies for betting on golf, as mentioned in this article, you can potentially maximize your returns from golf betting.

Golf tournaments offer many betting options, such as live or in-play betting, but not everyone emerges as a winner. This is because the right mix of betting strategies is required, along with shopping for the best odds. Furthermore, choosing a reliable golf betting site also ensures a secure and regulated betting environment, which could provide ample opportunities for winning potential.

FAQs

What are golf tournament odds, and how do they work?

Golf betting odds can be moneyline, fractional, or decimal, which are different ways of indicating the same thing but with different payout structures.

How can I find the best odds for a golf tournament?

To find the best odds for a golf tournament, you could use odds comparison tools that help choose the best odds across various sportsbooks.

What is the difference between golf futures and tournament lines?

As the name suggests, golf futures involve wagering on golf games that will take place in the future, whereas tournament lines or spreads are the numbers assigned by the sportsbooks to favor one team and handicap another in a game.