Open Golf In Play Betting
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Get the low down on everything you need to know about golf betting – where to get the best odds, markets and the most bets at the best online golf betting sites. Got our betting tips for The Open 2019 Golf tournament, which this year is held at Royal Portrush.
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Golf is an international sport enjoyed by millions of golfers around the globe, each of various levels of ability, experience and skill. As a hobby, passion and method to compete, no doubt the sport is at an all time peak.
In-Play Golf Betting Markets
You only need to have a quick run through some of the major online bookmakers to see just how many wagering markets are actually available.
At the time I’m writing, the 2017 US Open was about to move to round two.
Currently at Bet365 I see fifteen head to head match ups (example Sergio Garcia vs Alvaro Quiros), Top European, Top American, Top Australian, Top South African and a dozen similar markets, as well as unique wagers on exact score and a plethora of propositions. Bet365 happens to be one of the leaders with more markets than any website.
Although I love wagering on in-play and round by round results live, I do enjoy fixed odds betting as well. One of my personal favourite fixed markets is what Bet365 refers to as 3-balls. This is simply a 3-way market involving three golfers and we’re wagering on which of the three will finish best for the round.
An example as follows:
David Toms 2.75
Retief Goosen 2.87
Generally speaking my approach to beating 3-balls wagering is to cap the market. To do this I need to look at the bet without vig, which refers to the bookmaker’s profit margin. My first step is to convert the odds of each to an implied probability.
As these are already listed in European odds I divide them by one-hundred:
David Toms 100/2.75 = 36.36%
Retief Goosen 100/2.87 = 34.84%
The implied probability refers to how often the golfer must win for the bet to have neutral expected value. If you add these add together you’ll see the total probability is 109.66% the reason it is more than 100% is the bookmaker advantage; the 9.66% extra is called the overround. If the odds maker was spreading his advantage equally between all golfers, we could determine the actual chance he’s assigned to each golfer.
To do this we just divide each teams implied probability by the 109.66%.
David Toms 36.36%/ 109.66% = 33.16%
Retief Goosen 34.84%/ 109.66% = 31.77%
We’ve now removed the vig and are looking at each teams chance to win according the Bet365 market price. For probabilities under 50% these can be converted back to decimal format by dividing 100 by the probability.
David Toms 100/33.16%=3.02
Retief Goosen 100/31.77%=3.15
This is what the payouts would be if the bookmaker didn’t build in an advantage.
Although it can be a quite time consuming process if you now go to the largest and most efficient betting sites such as Pinnacle Sports, Betfair, Ladbrokes, William Hill, etc. and run probabilities like this on a variety of match ups, even not knowing a thing about the sport you can gauge the market and spot profitable bets.
As I mentioned this is time consuming however four times per year it is a process I do in depth that has led to some healthy career winnings on majors.
If you’re a recreational bettor there are two good easier choices. The first is to open up accounts at dozens of live betting sites and then shop for which has the best odds on the golfer you’re looking to back. The second choice is to save the entire process and bet online at the world’s largest betting exchange Betfair. This is peer to peer wagering exchange, meaning no bookmaker is involved, but with a turnover of £50 million per week, and everyone looking to hedge, you can rest assured there is no shortage of opportunity to back the golfer you’d like to back at some of the most competitive odds on the net.
If you’re purely a recreational bettor and just want competitive odds, fair treatment and some extra perks, look no further than Bet365. They have by far the most markets, great bonuses, outstanding promotions and also have a bingo hall, poker room, and online casino all integrated in with their online betting site.
Biggest Markets
The pinnacles of the golfing world are that of the four respected majors, The Open Championship, The US Open, The Masters and USPGA Championship.
The Open Championship is widely regarded as the oldest of the major championships with one of the ever changing venues being that of the home of golf, St Andrews in Scotland.
The first tournament was held back in 1860 at Prestwick Golf Club in Ayrshire. The heritage and prestige of the Open is second to none and the adaption to the modern game has seen a winner’s cheque of £1,175,000 being awarded to the 2016 winner, Louis Oosthuizen.
The Masters is held every year at the stunning Augusta National Golf Club, Georgia. The scenery, facilities and course are the standout features throughout this week of intense golf and only the highest skilled players have been lucky enough to put on that coveted Green Jacket.
Augusta National Golf Club in Georgia.
The Masters also has its own legacy behind it with events such as the Champions dinner being held every Tuesday before the event that was first introduced by the legendary Ben Hogan in 1952. Jack Nicklaus is the most successful player around Augusta with no less than 6 Masters titles to his name, more than any other player.
The US Open is America’s equivalent to the British Open. The beauty of both Open events is that it’s accessible to both Professionals and amateurs (with a handicap not exceeding 1.4) alike, meaning the field is often large and very mixed ability. However, this does not take away from the prize money, with the 2016 prize fund reaching a massive $46 million. Ben Hogan and Jack Nicklaus have both won 4 times at the US Open as part of illustrious careers for both men.
The USPGA Championship concludes the four majors and is the final major of the calendar year. It’s the last chance saloon for many to lift a prized major championship title. The origins of the USPGA date back to 1894 where amateurs competed around 41 golf courses in the US. It wasn’t until 1916 that competition became exclusive to professional players and now brings in prize pools of $10 million.
In between the four major championships, there are two respected professional tours based in the US (PGA Tour) and Europe (European Tour). Each event often pulls in big money for the players, with some of the larger events reaching $1 million for first prize alone. Whilst players are encouraged to sign up to one tour or the other, many do carry cards for both meaning they can mix and match their events as they please.
When betting any of these events mentioned in this section, the advice I gave here on capping the market, by converting to implied probability, removing vig and then comparing site to site, can result in a great deal of profit.
Read More About Golf
Golf has been considered quite an elite sport in the past, and was definitely favored by the wealthy and privileged. Luckily, today this great sport is much more accessible to people, whether you want to play it, watch it or bet on it. This is partly down to younger people getting more involved, and partly because of technological advances. First television brought the game into many more homes, and now online American-friendly sports betting sites have done the same with punting on the game. You can place wagers from the comfort of your own home, or on the go from anywhere with wireless handsets.
Golf actually demands a lot of skill, with the ball being hit in very precise directions to very precise distances. Besides technical expertise, players also need to master their mental state –just one moment of weakness can cost a leading player the title, and by the same token staying strong can win the trophy for the underdog. With so many elements in play, golf betting is always an enjoyable exercise for the thinking punter and is an art that evolves over time. To start developing your skills, read our pointers below.
You will have several options available to you when betting on golf games at the online American-friendly sportsbooks that we review here. You can start by simply predicting the overall winner of a tournament, or the players who will make the cut. As you gain more experience and confidence you can also try saying who will finish where, and there are match-up bets which are always rewarding.
These match-ups are a great way to beef up your bankroll, and are not as challenging as other predictions can be which is what makes them so popular. All you need to do is choose between two players who are matched up against each other, and say which one you thin will be ranked higher at the end of a tournament. Seasoned bettors will advise you to put most of your funds here, because the small amount of research you need to do to choose well is very easily managed.
Open Golf In Play Betting
Rank | Site | US | Rating | Bonus | Bet |
---|---|---|---|---|---|
1 | BetOnline | 5/5 | 25% Bonus up to $1000 | ||
2 | 4.9/5 | 50% Deposit bonus | |||
3 | Sports Betting | 4.8/5 | 25% Bonus up to $1000 |
Open Golf In Play Betting Games
Before you actually decide what bets to place on golf games, you will need to decide which of the online American-friendly golf betting sites you should visit. We highly recommend that you register at several, so that you can compare them and choose the one offering the best odds and deals on any given day. Sites usually offer punts on all major tourneys, and some more specialized sites offer less common events as well. Choose the ones that deliver the smoothest experiences and options and events that you are most interested in.
Open Golf In Play Betting Tips
Enjoy Placing Online Golf Bets
Open Golf In Play Betting Odds
When you begin your adventures into this world, golf and golf betting might seem deceptively simple. Their allure lies in the fact that they can be as easy or as complicated as you want them to be, and as your skills, knowledge and preferences develop the punts will meet you where you are. For the sophisticated visitors to American-friendly online betting sites, the blend of luck, skill and human elements that grows along with you is totally irresistible.