As sports betting became legalized, a new wave of bettors arose. One of these sports became golf. Unlike popular North American sports like football, basketball, and baseball, which all have limited seasons, golf provides a year-round calendar of events. Golf generates an annual wager of $5 billion, which is one of the most popular sports except for football, basketball, baseball, and hockey, known as the big four. If you are new to golf but passionate about it and wondering how to place a golf bet, this article is for you.
How Does Golf Betting Work?Before we look into the types of golf and how to place the bet, let us begin the article by learning how golf betting works. To explain this, we can use an example so you will understand better. Let's say you bet on Jon Rahm to win the 2024 US Open at 10/1 odds. If you bet on £5, you would win £50 if he won. But if you bet on Matt Fitzpatrick at 20/1 odds and he won, you would win even more money. A £5 bet would win £100, plus you will get your £5 back. If Rahm didn't win, you would lose your bet. Golf betting, just like all other betting is about risking money for you to win more. The odds show how likely the player is to win.
Types of golf betsPlace bets offer a more manageable way to bet on golf, which allows you to bet on a specific golfer to finish within a specific number of positions, typically in the top 5. This market provides more flexibility and value, as golfers often make a late rush to climb the leaderboard, so placing the place bet helps you with that. It is easier to predict with multiple positions.
Outright WinnerThe most popular way to bet on golf is to predict the tournament champion; this is called the outright winner. This market features a vast field of over 160 players, which makes it interesting and challenging to pick the winner.
