Ever since the mid 1990s when Tiger Woods became a professional golfer, fans from other sports have beenbetting on Woods along with his colleagues. For fans new to betting online for golf, today we explain how to wager.
To start what you need to know is there are three forms of wagers a bettor can make when gambling on golf. Similar to horse racing, fans can wager on a golfer to win or place in the top three. The third form of bet is to wager that a golfer will place higher then another golfer. In order to win this bet, all you need is for your golfer to beat the golfer you believe they will defeat. Here is how all three forms of wagers appear:
Betting on a golfer to win a tournament:
When placing a bet online for your golfer to win, you will see money line wagers for your golfer. This is what a money line wager looks like:
Tiger Woods +150
Phil Mickelson +250
Field +600
Essentially, for every $10 you wager on Tiger you would receive $15 back. For every $10 you wager on the field you will win $60 back. The field is the rest of the golfers not listed in a money line, basically it is the "other" option on a scorecard.
Betting on a golfer to place in the top three:
Here the odds are lower because it is more difficult to predict which golfers will finish in the top three. Looking something like this:
Tiger Woods -160
Jeff Overton +200
For every $16 placed on Woods you would receive $10 back if he places first, second or third. Yet for Overton for every $10 placed you would win $20 back for him to finish in the top three.
Betting on a golfer to finish ahead of another golfer:
Also known as a head to head wager, bettors involved in this form of wagering, are not concerned with whether or not either golfer wins the entire tournament, rather they want the golfer they bet on to finish ahead of the one they do not like. For instance:
Phil Mickelson -190 Steve Stricker +150
Bettors gambling on Mickelson to finish higher then Stricker need to bet $19 in order to get back $10. Conversely, fans betting on Stricker to beat Mickelson put up $10 to get back $15.
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