Golf betting is starting to become more and more popular. Generally the bigger betting events are the major championships – The US Masters, US Open, The Open Championship and the USPGA. The biggest golf betting event of all however is the Ryder Cup. The 3 day event offers a wide array of betting throughout with the greatest golfers on the planet in action. Other strong betting events are the four World Golf Championship events as well as the newly introduced FedEx Cup on the PGA Tour and Race to Dubai and Dubai World Championships on the European Tour.
There are many pre-tournament betting opportunities. The obvious one is the tournament winner. Depending on how big the tournament is, each way terms and payouts can go right down to the top 7 or top 8. Other position markets include Top 5, Top 10 and Top 20. You can also bet on whether a player will make the cut which is quite popular. Most firms put the entrants into groups of 5 or 6 and offer a price on each player to top that group. This means rather than taking a player to beat over 100 rivals, you can take one to beat 4 or 5 opponents. You can also bet on whether there will be a hole in one in the tournament and in the major events you can bet on who will lead at the end of the next round.
In all golf tournaments, all matches are priced up be it 2-balls or 3-balls and in some cases firms will price up a mythical 2-ball whereby they take 2 players who aren’t in the same group on the course but the same rule applies. Whoever shoots the lowest score over the 18 hole round wins. In 2-balls some firms will offer a match with a draw no bet option.
Generally golf isn’t good for in play betting. The only markets that are available in play is the tournament winner and a group bet which some firms offer for that particular round. In the major tournaments you can occasionally bet on Tiger Woods and what score he will shoot in-play as well as the end of round leader market.
European golf is in rude health right now and that looks set to continue throughout what is shaping up to be a very competitive 2012 with some of the stellar names from the United States looking a lot less fearsome than they were 3-4 years ago.