Golf Betting Odds

Golf betting odds are fairly straightforward and simple to understand. If you understand futures bets of any sport, you’re essentially selecting which golfer will win or place depending on the type of bet you choose to make.

The odds represent the likelihood of that golfer winning or placing. The negative number in golf betting odds will represent a favored golfer, and a positive number will represent an underdog. The higher the number on either side, represents more vig placed on each golfer.

The odds can be displayed in other ways, like decimal odds or fractional odds, but in the United States, American odds are the most popular odds format. If you want to calculate the probability of winning for a specific golfer, you can look at the below formula for guidance.

You will need to convert the odds to decimal. So a golfer listed at +500 their decimal odds are 6.00. The next step is to divide 1/decimal odds which is 1/ 6.00. This gives an implied probability of 16.67%. Implied probability is an important part of your golf betting strategy and will help you improve your chances of winning in the long term.

How to Bet on Golf

So you want to place a bet on golf, and want to understand how the bet works and how much you could potentially win?

This is a fairly simple formula to keep in mind. Your winnings are essentially your stake, multiplied by the odds, then you subtract your stake from that total. Again, you will need to convert to decimal odds. So if you want to bet $100 on the golfer above at +500 (6.00) the formula will look like this:

(100*6.00) – 100 = $500

Since $100 is a pretty easy denomination to calculate with + odds, we will do the calculation with a $20 wager on a +250 golfer (20*3.50) – 20 = $50

Betting on Golf Futures

Most golf betting is on the result of the tournament, aside from the few betting types that offer odds on particular rounds of the tournament. Golf is extremely popular to bet on, but really only in situations when there isn’t a clear, predicted winner.

During the Tiger Woods age, he was always so heavily favored to win, there wasn’t really any value in betting on tournaments he entered. Golf betting is futures betting, and if a golfer has a negative number, they are a fairly big favorite to the oddsmakers. Betting on the underdog would bring a huge profit, but the likelihood is slim and sometimes just not worth betting on in the end.

We don’t recommend betting for the sake of betting – that’s not a good strategy to have to enter a golf tournament of all things. If you have the means to place a wager, have done your research into the golfers and the course, and think you have a good idea of the tournament outcome – by all means bet on golf.

In these circumstances, if your preferred sportsbook offers futures bets like Each-Way, First Round or Top Nationality bets, you might find more value there. We aren’t saying the favorite always wins, but as we’ve mentioned before – keep an eye on the odds! Each golf tournament will have its own tournament futures odds, and some are more exciting than others to bet on.