Golf betting tips are all well and good, but how do you make it work? We’re talking about putting your money where your mouth is; there’s no better way to learn about golf betting tips than trying them out for yourself. As you might imagine, there are different approaches to golf betting tips, depending on the type of tip itself and how much you’re going to bet with it. No matter what way you take though, there are going to be benefits and pitfalls to look out for that we’ll get into in just a moment.
Why Bet on Golf?
Betting on golf is big business. With such large sums involved, it’s not surprising that sportsbooks have set up platforms where you can place your bets with just a few clicks. There are many advantages in doing so, but as with all things, there are also disadvantages to be aware of if you’re considering gambling in this way.
To start with the good news
If you’re confident that you know more about the game than your average person, betting on golf offers you the chance to do what is known as ‘taking value’. This means if an event goes against market consensus and your predictions turn out to be correct, then there will usually be some value added onto your bet when it settles at expiry time. In addition, there is no upper limit on how much you can win.
Now for the downside
Once again, like any other form of gambling, if you don’t make accurate predictions, you’ll likely lose money. In contrast to other sports where people might consider individual games when making their wagers (such as basketball), most people don’t watch enough live golf tournaments to develop their own opinion on a particular match-up before placing their bets. Consequently they rely heavily on the odds being offered by bookmakers and these odds fluctuate constantly depending upon how popular or unpopular different events are in any given week.
How To Get Started
For those looking for some advice on how to get started with golf betting, there are a few things you should know before getting involved in betting on the PGA Tour. The first step is figuring out what type of bet you want and how much capital you have available to bet. While most bets are profitable when approached in the right way, the more money that’s on the line, the higher chance that it will be lost. The second step is determining which players’ performance records indicate they are likely winners, while also considering whether they’ll be playing at home or away from home.
Lastly, handicapping your bets properly will also play an important role in your potential profitability when wagering on golf games. In other words, don’t just blindly put all your eggs in one basket by going all-in on just one player. Instead, try spreading your wealth among different PGA Tour professionals so as not to risk losing everything if you don’t pick the right golfer(s).
There are several sportsbooks online that allow you to bet on golf and have dedicated sections for odds and betting lines related to professional tournaments hosted in both Europe and North America. If you decide that a particular PGA Tour professional is worth betting on—and at some point, every serious player does—researching his historical performance can prove profitable for those looking to make their first couple of trades.
How To Pick A Good Sportsbook
Sports betting has been around for centuries, but thanks to the internet and social media, gambling is easier than ever. The most popular method of betting today is through online sportsbooks. The emergence of daily fantasy sports sites such as Draftkings and Fanduel has given gamblers many more options. Knowing how best to wager on golf gives you a better chance at coming out ahead.
Follow these tips before signing up for just any sportsbook.
1) Look into any promo offers that are being offered by the sportsbook.
Some may offer sign-up bonuses, while others may give bettors free cash if they manage to beat their odds during a certain time period.
2) Find out what sort of variety each site offers when it comes to different sporting events.
There are some that specialize in football or baseball games, while others focus on specific sports like basketball or soccer matches. You want one that provides enough variety so that you can place bets without worrying about not finding anything you’re interested in.
3) Check the payout percentages offered by each bookmaker.
A good place to start looking is at websites that rank betting odds for various sportsbooks. These websites compare things like house edge, payouts per hundred dollars wagered, customer service and other factors. If possible, try to find someone who’s had experience with your desired sportbook before making your decision. Remember: the higher the payout percentage on an event, the lower your risk of losing money will be in theory (unless there’s a mistake made somewhere).
4) Take note of any limitations imposed by your desired sportsbook.
Is there a maximum number of bets allowed? Is this website only available in select countries? Do they have restrictions on betting limits? Most reputable places should have no problems letting customers withdraw winnings, but it never hurts to ask beforehand.
5) Read reviews left by previous customers who’ve had experiences with the sportsbook in question.
Don’t rely solely on word-of-mouth; make sure you read feedback from other people. That way, you’ll know what to expect going forward and won’t get taken advantage of later down the line.
Do your Research
Many sports bettors are scared away from golf betting because they think they need a whole new set of skills and knowledge. While this is not the case, understanding golf handicapping is an important first step in golf betting. With so many companies out there that offer different betting options, you should be sure to do your research before selecting one.
First off, pay attention to who’s favored heading into a tournament. The favorite is usually the golfer with better consistency, recent success in similar tournaments, or both. You may want to avoid longshots as well since those players don’t have much going for them statistically speaking. On top of that, make sure you know what constitutes good play by deciding on which statistics matter most to you: driving accuracy? Putting percentage? Birdie average? There’s no right answer but make sure you know what numbers matter to you before making a decision about which golfer(s) will fare best during a round of golf. Finally, stay tuned into major storylines coming out of each tournament by reading coverage leading up to the event and following conversations happening around it during play.
However, execute all golf betting tips with the specific situation in mind. Keep in mind that current conditions can often override historical trends, always consider things like recent injuries or weather to impact golf tournaments.
Know Your Chances
Understanding betting odds is one of the most important golf betting tips! Before you start spending your hard-earned money gambling on the PGA Tour, it’s important to understand what the betting odds mean. The odds and structure of gambling on golf can be different from other sports and will impact how much you bet depending on what kind of prize you are going for. One thing is for sure: when it comes to gambling, understanding your chances is key.
One very common way to bet on golf is to wager on who will win the entire tournament. Odds for this will generally be listed in American/Money Line odds. The odds for favorites are prefixed by a minus (-) symbol and indicate the amount you need to stake to win $100. For example, if the odds are -1000, one would have to stake $1000 to win $100. Conversely, the odds for underdogs are accompanied by a plus (+) sign and indicate the amount won for every $100 staked. DraftKings Sportsbook lists Dustin Johnson as the favorite to win this weekend’s LIV Golf Tour event in Chicago. However, his odds are +500 meaning someone would have to stake $500 to win $100. Despite being the favorite to win, Dustin’s odds are prefixed by a plus sign because it is just that difficult to predict golf tournament winners outright.
To make things even more interesting, gamblers can also take risks with prop bets such as Will Tiger Woods win any tournament in 2017? or Will the Masters have more than one playoff hole? These types of questions can often result in big payouts if they’re answered correctly. For example, someone who gambled $1 on Tiger Woods winning his first tournament in 2017 would have won $350,000!
The next thing you need to understand is that many gambling sites allow bettors to wager on several different golfers at once. That’s right: you don’t have to just bet on Tiger Woods, Rory McIlroy, or Justin Thomas to win outright; you can bet that one of them will beat another golfer instead.