How To Win Money On Golf Betting
Published on 03/10/17
Golf, a sport where a lot of money can be made, due to the vast amounts of big price winners of tour events. Whilst this sport can bring massive fortunes to punters, it’s not that easy to get them, due to the many subtleties of the sport.
This guide will outline the tips for punters who wish to gain long-term profits from betting on golf. We will discuss the format of the sport, along with the basic betting strategies, before diving into the deep end.
The Seasons Of Golf
Due to the globalization of most sport, golf has fired itself onto the global stage, with professional tours being played in every corner of the globe. We see tours going to Asia, Australia, North America as well as the two high profile tours which are The US PGA Tour, and the European Tour. We will be focusing on those two tours for now.
Most of the events, on both tours, all consist of tournaments, where the winners are decided after 4 days/rounds on a weekly basis. Winners are decided by who has the fewest number of strokes over the 4 days/rounds. Play begins on a Thursday with close to 150 golfers competing, this then reduces to around 65 golfers by the weekend when the cut is made. Those players who didn’t make the cut go home empty handed, winning no money whatsoever.
In addition to the tours, we have the four majors, similarly to tennis. The first major on the calendar is the US Masters, which takes place in April. That is then followed by the US Open, taking place June, and then the Open Championship (British Open), which takes place in June. The final major that takes place in the season is the US PGA Championship, which is held in August.
Next, we have the 4 World Golf Championship events, which only consist of the best players in the world. These are the Accenture Match Play, the Cadillac Championship, the Bridgestone Invitational and finally the HSBC Championship. You can find dates for these events online.
The main markets for each event are as follows:
Top 5 finish
Top 10 finish
First round leader
There are also many more markets that are available to bet on, with Top Nationality markets being on offer.
Should I Back Or Lay?
There are some punters out there who prefer backing players to win an event, and there are just as many who prefer to lay them instead, finding what suits you is what’s important.
We recommend prioritising backing a player, but laying can also be done to ensure you have a profit.
Players & Courses
It would be extremely wise to get to know each course. Most golf courses will have their own websites which contains guides of the courses, something than can be of a little help. It would also be worth looking through the stats of courses from previous events too.
Developing your knowledge of the players strengths is also a recommendation, although it may take a while, you can again look at their stats to gain some sort of idea of their strengths; they can be found on many websites.
Stats that you can look at can consist of:
Greens in Regulation
Average Putting score
We would suggest to closely look as the scrambling stat, as a players scrambling can affect their game massively.
Things To Consider When Betting ‘Before The Off’
Looking out for the weather – Golf is played on grass, and many courses are close to the coast, which means the weather conditions are so important on your wager.
Look at previous results of the course – simply just analyse the stats, they can tell you what type of course is being played on.
Try and point out the players who will suit the course – look at the course and player stats, and match them together. Each player has their strengths and weaknesses, so each course will test them differently. Even players who haven’t won there before can do very well, winning you big profits due to their excellent value.
Research the previous winners at the course – Many events are more likely to produce massive upsets than others, and other events are just dominated by the top players.
Value – Don’t back players who aren’t of fair value to bet on, instead look out for the unpopular players who have higher value to their name, and who are still very good players.
Things To Consider For In-Play Bets
One of the most favourable things for punters, about golf, is the amount of time they have so they can consider their stakes, allowing them to change their minds if needed.
Before making an in-play bet look out for the stages of how the event, and how it played out. Some golfers are fast starters, which are incredibly important at the US masters and the Open Championship. On the other hand, many other events don’t require fast starts to be successful.
Look out for hole averages too, don’t back a player who are about to play on a few tough holes of the course.
Follow the live leader boards instead of TV as many times the event aren’t exactly live, sometimes there can be delays which can affect your wagers massively.