If you are a golf fan and enjoy betting on the sport, you might be interested in learning about the different golf bets available. Golf betting can be exciting and profitable, especially if you know how to find value and pick winners. In this tutorial, we will explain some of the most popular types of golf bets and how they work.
Golf is one of the sports Europeans love to wager on. In addition, it is one of the fastest-rising sports wagering markets in North America. Whether you are a beginner or want to improve your golf betting win rate, read our sports betting tutorials and guides to bring your game to the next level.
Different Types of Golf Bets
Here are different ways to bet on the PGA Tour, LPGA, or other golf tournaments.
Tournament Winner Bets
According to a golf forum, a tournament winner wager is the simplest and most common type of golf bet. You bet on who will win a particular tournament, such as the Masters, the US Open, or the British Open. The odds for this bet are usually expressed in a plus/minus format, such as +1000 or -200. A plus sign means that you will win more than your stake if your bet wins, while a minus sign indicates that you will win less if your bet wins.
For example, if you bet $100 on Jordan Spieth to win the Masters at +1000, you will win $1000 plus your $100 stake back if he wins. If you bet $100 on Dustin Johnson to win the Masters at -200, you will win $50 plus your $100 stake back if he wins.
The advantage of this bet is that you can win big with a small wager if you pick a long shot who wins the tournament. However, the disadvantage is that it is tough to predict who will win a golf tournament, as many factors can affect the outcome, such as weather, course conditions, injuries, form, etc.
Each-Way Bets
It is a type of bet that combines two bets in one: a bet on a golfer to win the tournament and a bet on a golfer to finish in a specific position, usually in the top 5 or top 10. This way, you can hedge your bets and profit if your golfer does not win but finishes high.
For example, if you bet $10 each way on Matt Kuchar to win the US Open at +5000, you are placing two bets of $10 each: one on him to win at +5000 and one on him to finish in the top 5 at +1000. If he wins, you will win both bets and get $500 plus $100 plus your $20 stake back. Additionally, you will lose your first bet but win your second bet and get $100 plus your $10 stake back if he finishes in the top 5 but does not win. If he finishes outside the top 5, you will lose both bets and get nothing back.
The advantage of this bet is that it gives you more chances to win and reduces your risk. The disadvantage is that it doubles your stake and reduces your potential payout.
Those are some of the golf bet types. Make sure you visit our website regularly to get golf betting updates and tutorials.
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