There are three types of golf betting wagers that a gambler is able to make for a golf tournament. They are able to bet on a particular golfer to win the tournament, bet on a golfer that will place within the top three or they are able to bet golfer will place higher than another.
One Golfer Golf Bet
When you look at the odds for a golfer it will generally be displayed like this:
- Tiger Woods + 150
- Phil Mickelson + 250
- Steve Stricker + 300
- Jeff Overton + 700
- Ernie Els + 700
- Field + 600
These are line odds which mean if you for instance bet $10 on Tiger Woods you would then receive $15 dollars back if he wins. Your wager is then returned to you on a winning bet, unless you decide to bet with a sportsbook.
A sportsbook will need you to pay for the wager upfront and then you will receive your winnings and wager back. For instance if you bet $10 on Overton you receive $80 back instead of just $70.
The Field option that is listed will generally consist of all the other golfers besides those that have been listed by the sportsbook.
When you bet on Field you will be betting on more than one golfer with just one wager however these three golfers will be those that are given the least opportunity to win.
Golf Betting on a Golfer to Finish in the Top Three
When you decide to bet on a golfer to finish in the top three the odds will then be lower because the sportsbook will need to pay off three different winning bets instead of just one.
For instance the odds for the golfers as listed above, to finish in the top three would look like this:
- Tiger Woods – 160
- Phil Mickelson + 100
- Steve Stricker + 110
- Jeff Overton + 200
- Ernie Els + 200
- Field – 110
For instance if you bet on Jeff Overton to be either first, second or third and bet $10 you will receive $20 for the bet.
Head to Head Finish
The last type of golf bet that can be placed is a head to head finish between two players. In this type of golf bet it doesn’t matter the place of the golfer as long as the golfer that has been betted on finishes higher than the other golfer. It would be displayed as such:
- Tiger Wood – 190, Steve Stricker + 150
In the above a bet of $10 on Tiger Woods to finish higher than Stricker will win $19.
Golf betting is not too complicated and is easy to pick up.
Check these sites out for more info:
http://en.wikipedia.org/wiki/Variations_of_golf – Wikipedia