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Golf may not be as popular as football, ice hockey, or basketball, but it still boasts some of the most exciting sports stars competing in tournaments on a weekly basis. Tiger Woods, Phil Mickelson, Rory McIlroy: these professionals are all able to draw in millions of fans every single week, and online sportsbooks have acknowledged the popularity of golf by offering plenty of betting options when online gambling.
Tournament matchups are the most popular form of golf bets you will find at online bookies. As golf is an individual sport, tournament matchups are the closest you will get to betting on the money line in golf. Rather than two teams facing off against one another, bookies take two golfers and attribute odds in relation to who is expected to outplay the other. Therefore, the tournament matchup will look something like this:
- Tiger Woods: -150
- Rory McIlroy: +120
Anyone who has wagered on the money line before will understand how these odds work. If Tiger Woods finishes the tournament in a better position than McIlroy, then a wager of $150 would earn the punter a $100 profit. If instead McIlroy caused an upset, a $100 wager on him would see a potential $120 in winnings.
If you aren't keen on tournament and round matchups, futures are always an interesting wager to make. Golf betting in online gambling incorporates such a vast number of players that futures will always be popular options for punters. Depending on the tournament and the online sportsbook, you will be able to bet on futures such as Best North American, First Round Leader, Best Amateur, and of course To Win.
The To Win bet has the potential to be extremely lucrative for golf fans, as recent results can often play an integral role in determining who has the best chance of winning. Because tournaments are played over four days, the odds are usually very generous as well, which makes futures all the more enticing. For example, Louis Oosthuizen, who won the 2010 Open Championship, sat at +8000 To Win odds for the 2010 PGA Championship at most online sportsbooks.
Frequently Asked Questions
How does golf betting work?
Golf betting works in a similar way to other sports gambling, like NFL or MLB betting. Instead of placing a bet on which team you think will win, you bet on an individual player in a tournament.
Is it legal?
It's 100% legal for any gambler to place a golf bet at offshore sports betting websites and at legal fantasy sports sites as well.
How do the odds work?
Golf betting odds work in the same way as any other sports betting odds do and they show how likely a result is and what winnings you'll collect.
For example if you see Tiger Woods –150 then you know that betting $150 will yield you $100 in earnings.
What tournaments can I bet on?
You can bet on all the major tournaments including the Masters, US Open, Open Championships, the Ryder Cup, PGA and US PGA.
Which ones offer the best opportunities?
Whichever tournament you bet on there is always the possibility that a relatively unknown, young player could rise to the top and defeat the established competition. When this happens the winnings you'll pocket from making the right bet will be much larger than they are when you gamble on well–known players.
Can I watch online?
Of course you can. All the golf betting sites that we recommend stream live coverage of the major tournaments so you can watch the games unfold or place new bets as the competition goes on.
Can it be profitable?
Golf betting can be highly lucrative because the sports betting sites have a rough idea how a tournament will work out but they can't factor in surprise weather conditions, injuries during play and other factors which can lead to a different result that the predicted one.
When a tournament takes a turn for the unexpected, gamblers can make a whole heap of money.