Looking to bet on the golf tours in 2023? We got you covered. Learn everything you need to know about betting on golf in our comprehensive bettor’s guide. The article includes a list of golf betting sites and tips for winning wagers!
Top 5 Golf Betting Sites In Australia
The following table includes the top 5 sites to bet on the golf tournaments and the types of wagers available:
| Golf Betting Sites | Types of Wagers | Betting on Golf |
|---|---|---|
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To Win Bets, Each Way Betting, Futures & Outrights, etc. | |
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To Win Bets, Each Way Betting, Versus The Field Bets, Head To Head Matchups, Live In-Play Betting | |
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Each Way Betting, Head To Head Matchups, Prop Bets, Futures & Outrights, To Win Bets | |
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Futures & Outrights, Live In-Play Betting, To Win Bets, Each Way Betting, Versus The Field Bets | |
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Live In-Play Betting, Versus The Field Bets, Each Way Betting, To Win Bets, Prop Bets | Coming soon >> |
Golf Tournaments To Bet On
A number of golf tournaments are available throughout the year for betting, generally part of larger professional tours. Tournaments can vary in size from major PGA championships to smaller circuit events, both male and female. Popular tours available to bet on golf tournaments include:
- The PGA Tour
- The LPGA
- European Tour
- Japan Golf Tour
- Asian Tour
A few second-tier developmental tours have also begun to spring up in the recent past such as the Challenge Tour and Korn Ferry tour.
While many new tournaments are available for betting, the following championships are still the most popular to bet on:
The Masters
Arguably the most coveted trophy, The Masters brings together all of the world’s top golfers. The Masters is one of the four major championships in golf, along with the US Open, PGA Championships and Open Championship. The championship consists of players from the PGA Tour, European Tour and Japan Golf Tour.
The Masters Championship is played at the Augusta National Golf Club in Augusta, Georgia during the month of April. The course is a par 72 with a length of 7,425 yards. The prize money for the tournament has steadily increased over the years, currently sitting at $11.5 million. The current champion is Tiger Woods, a five-time winner of The Masters.
History of The Masters
The Masters originated from amateur champion Bobby Jones and investment banker Clifford Roberts. Jones acquired the land in Augusta, formerly a plant nursery, and co-designed Augusta National with course architect Alister MacKenzie. The tournament was first played in 1934 and has since become an official money event of the PGA Tour.
Jack Nicklaus has the most Masters wins, with six between the years of 1963 and 1986. Tiger Woods has won the second most with five and is the current holder of the Masters’ title.
The US Open
The US Open is the third major championship of the year and is part of both the PGA Tour and European Tour schedule. The tournament is played at a variety of courses throughout the US. Since 1898 the competition has been a 72 hole tournament, with 4 rounds on an 18-hole course.
The US Open is scheduled to be played at the Winged Foot Golf Club in Mamaroneck, New York for 2020. As of 2019, the prize pool for the US Open is set at an impressive $12.5 million dollars, the most of all PGA majors. The current titleholder for the US Open is American golfer, Gary Woodland.
History of the US Open
The United States Open Championship or US Open was established back in 1895. The first tournament was held at a 9-hole course at the Newport Country Club in Newport, Rhode Island. Since then, the tournament has grown to 18 holes of stroke play for each round, capped by the final day of play on Sunday.
While the tournament was dominated by the British in its early years, Americans have been the most successful at the US Open. Since 1950, players from only six countries other than the US have been able to win the championship. Jack Nicklaus, Bobby Jones and Ben Hogan have all taken down the US Open Championships four times. Notably, Brooks Koepka won the championship on back to back years in 2017 and 2018, before finishing runner-up in 2019.
Australian PGA Championship
The Australian PGA Championship is the home tournament for the Australian PGA Tour, held in the month of December. As of the year 2000, the tournament has been played in the South East Queensland region. Previously, the championship was held all around Australia, mainly at the Melbourne Royal Golf Club. The tournament uses a par 72 system and is played over 4 days of 18 holes.
The prize pool for the Australian PGA Championship was $1.5 million AUD in 2018 and is expected to increase this year. The current champion is Australian professional, Cameron Smith.
History of the Australian PGA Championship
The tournament was established over a hundred years ago in 1905 and has been played on over 30 courses across Australia. The most popular venues over the years have been the Royal Melbourne Golf Club and Royal Sydney Golf Club. The tournament was part of the OneAsia Tour from 2009-2014 and since 2015 it has been co-sanctioned with the European Tour.
The tournament has been dominated by Australian golfers over the years. Notable winners of the tournament include Bill Dunk, Kel Nagle and Cameron Smith, all of which won the championship multiple times.
Ryder Cup
The Ryder Cup is different from other tournaments in that it consists of two teams from Europe and the USA. The biennial men’s golf competition pits the best American golfers against the best golfers Europe has to offer. The matches are played as head to head, foursome or fourball matchups.
The winner of the tournament is crowned as an aggregate score of all the matches combined. The Ryder Cup remains an exception in professional sports, as the players are not awarded prize money, despite being televised.
The Ryder Cup is played in alternating venues between the US and Europe in late September to early October. The current holders of the cup are Europe, who won in 2018 at the Albatros Course at Le Golf National in Guyancourt. The next iteration of the Ryder Cup is scheduled for September of 2020 on the Straits course in Wisconsin.
History of the Ryder Cup
The first official Ryder Cup took place in the US back in 1927 at Worcester Country Club in Worcester, Massachusetts. The tournament was originally held between the United States and Great Britain. After a long period dominated by the American team, the Ryder Cup decided to extend representation from Great Britain to all of Europe. Since the extension of the tournament to all of Europe in 1979, America has won the Ryder Cup 8 times and Europe 11.
The Ryder Cup is named after English businessman Samuel Ryder who donated the trophy.
US PGA Championship
The US PGA Championship, more commonly known as simply the PGA Championship, is one of the four golf majors each year. The tournament is held by the Professional Golfers’ Association of America in May, on the weekend before Memorial Day. It is an official event for the PGA Tour, European Tour, and Japan Golf Tour.
The US PGA is played on a 72 par course and held a purse valued at 11 million in 2018. The current championship holder is American Brooks Koepka, who also holds the tournament record. The next US PGA Championship is scheduled to be played at TPC Harding Park in 2020.
History of the US PGA Championship
The US PGA Championship was created after the formation of the Professional Golfers Association of America (PGA) in February of 1916. The first PGA Championship was held in October 1916 at Siwanoy Country Club in Bronxville, New York. The initial format of the tourney was one of a match-based system. It wasn’t until 1958 that the tournament switched to the stroke-play based championship played today.
A past winner of the tournament includes a number of Hall of Fame players such as Jack Nicklaus, Tiger Woods, Garry Player and Larry Nelson. The current champion, Brooks Koepka, took down the title in both 2018 and 2019 and is set to defend it in 2020.
Golf Betting Odds Explained
When betting on golf it’s critical that you understand the golf betting odds of each wager. Golf betting odds are available at most sports betting sites in three formats: American, Fractional and Decimal.
Betting Odds Golf: American
American golf odds are provided in plus and minus figures, reflected against a $100 bet.
If the figure starts with a minus sign, then the number represents how much you would have to bet to win $100 in exchange. If the betting odds golf matchups have start with a plus sign it represents how much you would win if you bet $100.
For example, if a player is -150 to win a golf match-up, then you would have to bet $150 to win $100 in return. If a player is +150 to win, on the other hand, you would win $150 for a $100 wager.
Betting Odds Golf: Fractional
With betting on golf with fractional odds you simply multiply your wager by the fraction to find out your potential winnings. Fractional odds do not include the stake return in the quote, thus the stake must be added.
For example, if a player was getting 3/2 odds and you wagered $10, you would get 3/2 X 10 + 10 = $25 for a winning bet.
Betting Odds Golf: Decimal
When you bet on the golf tournament using decimal odds you simply multiply the wager amount and decimal number to get the total. The total includes the stake.
Example: A golfer gets 3.00 odds to win a championship. If you bet $10 on the golfer, you would receive 3.00 X 10 = $30.
Main Golf Betting Types
There are a variety of ways to bet on the golf tournaments and tours. Some of the most popular golf betting types include:
Tournament Winner Betting
Betting for golf tournament winners is one of the most popular betting types and is also known as outrights. This type of bet simply asks bettors to pick the winner of a particular tournament.
Each Way Betting
When using each way betting for golf tournaments, you may pick a player not just to win but ‘place.’ Placing requires a player to finish in the top number of places, specified in the water.
Top 10, Top 20 Finish Betting
Top 10 and Top 20 betting for golf tournaments involves picking a player to finish within the top 10 or top 20 players. The odds for this type of wager can be highly variable based on the player.
Match Bets
Match bets refer to wagers placed on the head to head matchups in golf. Certain tournaments are played by using a matching system that pits players against each other in mini matchups. Match bets allow bettors to wager on which player or players they think will win these matchups.
First Round Leader Betting
Most major championships are played in rounds. Bookmakers give bettors the option of wagering on which player they think will be leading after the first round of play. The first round generally refers to the first 18 holes of play.
Golf Betting Tips & Strategies
While there are no certainties in golf betting, golf betting tips and strategies can be used to increase your chances. The following are four of the most effective golf betting tips you can use:
Golf Tips Beginner- Study General Form
One of the best betting on golf tips you can implement is studying the general form of players. Form refers to the recent results of players. It’s important to keep a look out for specific form when it comes to golf courses. A player may be more apt at playing a certain course than others or may fail in certain conditions.
Golf Tips Beginner- Check the Weather
The weather can play a huge role in the overall outcome of a golf tournament. While golf isn’t played in harsh conditions, overcast or moist days can change the golfing conditions greatly. It’s important to consider which players play well in which conditions when you bet on the golf tournaments.
Golf Tips Beginner- Compare the Odds
One of the standard golf betting tips is comparing the odds. As with any sport, golf odds vary from bookmaker to bookmaker. It’s best practice to find a sportsbook that has the best odds for your particular bet. By signing up at multiple sportsbooks you will have the flexibility to pick where you wager.
Golf Live Streaming
The live streaming of golf events can be found on many online bookmakers. Live streams may, however, require users to have a positive balance in their account to watch.
Golf streaming and golf betting live can work well together. Golf betting in play allows bettors to bet on tournaments that are already underway. By using golf streams, bettors can get a better understanding of the conditions of the tournament while golf betting live.
To find out if an online bookmaker has live streaming and golf betting in-play capabilities, check for a ‘LIVE’ section.
How We Selected Our Bookmakers For Golf Betting
When we selected the best bookmakers to bet on the golf tournaments, we took the following criteria into account:
- Odds- which sportsbook has the best odds to bet on the golf tournaments compared to other bookmakers.
- Betting Markets- which online bookmakers have the most betting markets available.
- Live Streaming- which bookmakers give the best live streaming services for the most golf tournaments
