Golf Betting on Tournaments
Strokeplay tournaments are typically played over four days at the same golf course, and can easily be comprised of over 100 players in competition. This number is usually reduced after the two-day stage, this is called the “cut”, where the low-performing proportion of the field are dropped out.
Picking the outright winner of the tournament is the most popular golf market. Favourites are usually priced at around 10/1 due to the sheer number of golfers competing. Outsiders are commonly available at odds of 250/1 or bigger. They are usually familiar names, who sit towards the top of the World Golf Ranking – the likes of Jordan Spieth, Rory McIlroy, Scottie Scheffler.
With the number of players in a tournament, picking the outright winner can be very tough – as the odds suggest – and even for experienced golf bettors, successful bets on outright winners can be few and far-between. An alternative to this is each-way betting. This can be a much more lucrative alternative, as it can reward smart punters who can select a player that performs very well despite not winning the golf tournament.
Golf Betting – Bet Types
Golf Betting Each Way Betting and Extra Place offers
Each-way betting sees your stake evenly split between an outright win, and the player being placed. ‘Placed’ is finishing in the top few selected places which the bookmakers will decide. The majority will offer 1/4 the odds for a top-five finish, enhanced place terms are often offered by the bookies – especially in the Majors, where six, seven, or even ten places are available for each-way terms.
Golf Betting Other types of Golf Bets
First Round Leader, Player to Miss the Cut, Top 10/Top 20 Finish, and a range of ‘match bets’ are other betting markets that punters like to bet on in the golf.
First Round Leader involves betting on the golfer you think will be in the lead after all competitors have finished their first 18 holes. It is incredibly hard to play four good rounds of golf consecutively, this is why the tournament favourites odds for being First Round Leader are often longer than they are for the Outright Winner market. After a whole tournament, players’ overall performances will have been averaged out somewhat, with the best players consistently getting better scores.
You can bet on a match-up between two different players. You can pit two against each other even from different groups to make for a more interesting and exciting way to watch golf.
Golf Betting March Play and Team events
Betting in tournaments where the format is match play still revolves around the outright winner market; the difference is the manner in which the outright winner is decided. In match play tournaments, players are pitted against each other to decide who goes through to the next round, with consecutive knock-out rounds all the way to the final, where the winner is eventually decided. This format much increases the attractiveness of the match betting markets, as the players must shoot lower than their live opponent in order to progress, and ties are not an option.
Team events, such as the Ryder Cup and the Presidents Cup, are match play events, where two teams of 12 players compete over three days. These are formatted with head-to-head matches between players or groups and teams are awarded 1 point for a win or 0.5 points for a draw.
The outright winner market in this instance pertains to the winning team, Europe or USA. However, individual markets, such as Top Points Scorer, are still available.