Each week we'll list the current PGA Golf odds to win tournament right here on this page.
Some think that betting on a golfer to win is somewhat of a crap shoot but in reality using the proper strategy can result in some high payout amounts if you correctly select the winner of the tourney. Another good thing about these wagers are that you can get down for cheap! As little as $1! Speaking of golf betting strategy, if you haven’t had a chance to read Evergreen’s tourney betting tips then you may be leaving money on the table. Increase your odds by reading these tips.
Golf tournament betting offerings don’t start and end with outright winner odds. Golf enthusiasts can also "get down" on lines such as who will win the 1st Round and whether or not a golfer will finish the tournament in the top 5 positions.
Looking for a place to bet on golf? Look no further than 5Dimes, who has a full service golf sportsbook and the best odds on the internet. Some of the fastest payouts in the sports betting industry too!
This week's "odds to win tournament" courtesy of Bovada Sportsbook.
To bet on these matchups simply click on any of the clickable odds on this page and you'll be redirected to the Bovada website where you can sign up for a golf betting account and be wagering within minutes!
How to Bet on Golf and How Golf Betting Odds Work
By Scott, Golf Handicapper, Predictem.com
While golf betting lags far behind other sports in terms of betting interest (much less than 1% of a sportsbook's annual handle), it still attracts a substantial amount of wagering action. Those who bet on golf will attest to the excitement and value that can be found with golf wagering. Perhaps you’ve thought of getting involved. You should hardly feel intimidated. Learning how golf betting odds work is easy.
In the U.S., the money line is used almost exclusively in all areas of sports betting. Golf is no different. To understand the way golf betting works, it’s imperative to learn the money line.
The money line (aka: ML) is quite simply a way to express odds. We hear expressions of odds in all walks of life. Someone might say there’s a 2/1 chance they’re going to stay home from work, or the weatherman says there’s a 25% chance of showers. The money line does the same thing--it merely expresses odds. If the weatherman wanted to give the chances for rain on a money line, he would say “it’s +300 that it’s going to rain today.”
Let’s look at an example of a golf wager using a money line:
18 Holes (Saturday) Rickie Fowler +155 vs. Jason Dufner -175
Above you see a money line. The bet is which golfer will have the best round on Saturday. Rickie Fowler is +155, with Jason Dufner at -175. Dufner is the favorite and at -175, you would need to bet (risk) $175 in order to win (profit) $100 (You get your staked/risked amount back as well). Fowler is +155. He is the underdog and you win (profit) $155 for every $100 you bet (risk)(You get your staked amount back as well).
Remember these two things and you will understand money lines.
The minus sign always indicates the favorite. The number you see next to the minus sign is how much you would need to BET (risk) to win $100.
The plus sign always indicates the underdog. The number you see next to the plus sign is how much you WIN (profit; come out ahead) if you bet $100.
Note: You don’t have to bet $100. You can bet any amount and the odds would just break down to the amount you wagered. Example: A $1 bet at +155 odds would pay out $1.55 (plus you get your risked amount back).
Let’s apply the money line to the more popular golf bets.
Betting on a Golfer to Win the Tournament
This form of golf betting is the most difficult, being that the golfer you bet on MUST win the tournament for you to win the bet. At the same time, it’s the bet that pays the most. Normally when betting to win, a team has to beat another team or a fighter or tennis player has to beat one opponent. In this bet, the golfer you pick has to beat dozens upon dozens of other golfers.
Here is a shortened example of what the odds would look like for a bet to win the tournament:Phil Mickelson +600
Above you see some odds for a golfer to win the tournament. No golfer would be a favorite in this bet because no golfer has ever been dominant enough to be favored to beat an entire field of golfers in a tournament. So what you see are underdog prices, some bigger than others, but all bets where you would win significantly more than you wagered.
For example, Mickelson is listed at +600, meaning you would win $600 for every $100 you bet. Graeme McDowell is +1400, meaning you would win $1400 for every $100 you bet if he won the tournament. You’ll notice “Field” is a choice. There will be a group of golfers where individual odds are not offered. All those golfers are grouped together into one option which is "the field". While that means you have multiple chances to win the tournament with more dogs in the race, golfers listed within the “Field” option are usually considered to be the worst of the lot.
Thankfully, there are other stands you can take in a golf tournament other than the ultra-demanding task of picking a tournament winner. The book will offer bets where you pick which of two golfers will either have a better tournament or a better round of golf.
In fact, the match-up component is fairly wide-ranging. You can bet on which of three golfers will have a better round or first two rounds, being that the first two rounds of a tournament are played in threesomes. You can bet on which player in the weekend pairings will win. The book may just create their own pair or trio of golfers who aren’t paired up for you to bet on. And there are a lot of variations. You can bet on a round or a whole tournament and at any point during the tournament, you can jump into the action.
Here is an example:
Head to Head Matchup (72 Holes): Dustin Johnson -135 vs. Billy Horschel +115
Johnson at -135 is the favorite, with Horschel at +115 being the underdog. With Johnson being the favorite, you don’t win as much as you bet, as you would need to bet $135 to win $100. Horschel is the underdog, so you win more than you wager if he wins. If you bet $100 on him, you would win $115. In the above match-up, you are simply betting on which of these two golfers will have the better 72-hole score by the end of the tournament. Obviously, if one makes the cut and the other doesn’t, the bet is over. If both players fail to make the cut, their scores for the first two days are used to determine a winner.
You can also bet on how well a single golfer will do, not against other players, but just in terms of his score. A total number of shots will be posted and you simply pick whether the golfer will go “over” or “under” that number. It would look like this:
Carl Pettersson: Over 70.5 (-110), Under 70.5 (-110)
In this example, you are betting on the upcoming round and whether Pettersson will shoot over or under 70.5. If he shot 71, over would win. If he shot 70, under would win. At -110 for each, you would need to bet $110 for every $100 you wanted to win.
An example of a golf prop bet is to bet where a golfer will finish in terms of placement. You can make these bets before a tournament or as it is in-progress. Here is an example.
Retief Goosen +180
Miguel Jimenez +240
Camilo Villegas +240
JJ Henry +260
Chad Campbell +320
In the above example, you see odds for various golfers to finish in the top 3 of the tournament. Goosen at +180 means you would win $180 for every $100 you bet. This bet can be spread differently. For example, before the third round, you could perhaps bet a golfer who barely made the cut to finish in the top ten and you would be getting long odds. There are many different ways the book can handle golf bets.
Notes About Golf Betting:
Golf is a betting sport where it really helps to understand the rules. With things like weather, it can be difficult to understand where you stand with your bets. Know the rules thoroughly at the book you bet at before making golf wagers.
The Odds are the Key: Golf bets are self-explanatory. They are not difficult to understand as the bet itself pretty much spells out the terms of the wager. The only sticking point is understanding the odds. And understanding the money line is the key.
Majors = More Betting Options: For the majors, the bet options are typically enriched. You will see more bet options for the Masters that you may not see for the St. Jude Classic.
Ready to bet some golf? We highly recommend MyBookie, who offers a generous signup bonus and easy depositing as they accept credit cards. Enjoy!
Evergreen's Free Weekly Golf Picks - Each week, respected golf handicapper Evergreen swings for the green offering a free weekly head to head matchup pick.
5Dimes - Offers weekly matchups and odds to win tournament as well as some great prop bet offerings! PGA, European, Champions and LPGA Tours with updated outright odds available for each tour as well!.
Bookmaker - Gamble on golf matchups, props and odds to win using your credit card. They're one of the best at getting Visa/Mastercard to work for deposits. You get a generous free money bonus added to your account too!
Rules - They protect both you and the house should there be any descrepancies. We'll admit it. Golf betting rules are boring to read, but necessary.