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How To Bet On Golf – Betting Guide 2023

Golf is a sport which rakes in millions of viewers. Furthermore, betting on golf has increased by over 20% in the last few years, and profits are at an all-time high.

 

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The four major tournaments include The Masters, The PGA Championship, The US Open, and The Open Championship. These games are undoubtedly the most popular with betting sites, hence you will see the most promotions during these seasons. However, there are also many smaller tournaments which are less well-known.

Why not get in on the action? By reading through our handy guide, which we have created by arduous researching, you can learn the best strategies for gambling. This way, you can make the most of what betting sites have to offer you.

Which Different Ways Can You Place Golf Bets?

Outright Winner

The outright winner of a golf tournament is, you guessed it, the overall winner of the game.

There are a range of golfing competitions, but for punters in Ireland we will focus on The Irish Open for this example.

  • Out of over 150 players, you will need to predict who will place 1st.
  • A great way to make this bet is by researching previous winners. In 2023 it was Vincent Norrman from Sweden, and in 2022 it was Adrian Meronk from Poland.
  • Review the recent performances of players, as injuries and personal affairs can have a detrimental affect on how they place.
  • Remember that this is the most popular market, and so odds are usually astronomically high. Consider other, more niche markets, if you want to improve your chances of success.

The most highly-anticipated market is this one, because all punters and viewers alike long to know who will win the competition. No matter which player you back, remember not to let emotion drive your decisions.

Each-Way Betting

One of the most profitable strategies to bet on golf is through each-way betting markets. Instead of predicting who will win the tournament, you only need to anticipate who will place. This is much less risky, and so the odds are often lower.

An each-way bet is made up of two parts: a winner, and a placement ranking. If you wager on the player who places 1st, you will win. However, if they place (usually in the top 3), you will also win a portion of your projected earnings.

If you are sure a player will do well, but not so confident they will win, each-way betting is ideal.

Place Betting

A place bet is otherwise known as a finishing position bet. This is where you predict which golfers will place in the top rankings. Often betting sites differ but they will offer three wagers: top 5, top 10, and top 20.

If you are new to golf, a good strategy is to pick this market. In comparison to outright winner or each-way betting, there are more obvious choices to make. Whilst it is difficult to predict who will win out of an entire tournament, you can easily guess who the best golfers are through research. In addition, if you place a bet before the cutline, the odds will be higher.

In-Play Betting

A unique feature of esteemed betting sites is in-play betting. Like its name suggests, this is where you can place bets whilst the tournament is still live. Irish betting sites like Paddy Power and BoyleSports are well known for this and is it one of their main highlights.

There are a multitude of advantages to in-play betting:

  • You can sync in-play betting with high-quality livestreaming
  • It allows you to react to situations affecting your prospective wagers
  • Gives a rare perspective to anticipate early cash out

How Do You Profit from Golf Betting Sites?

Being aware of how to place golf bets by using the huge variety of markets is crucial. Moreover, there are a handful of strategies which are useful to know before you place a wager. We have compiled a list below, which will work for any betting site.

Betting On The Four Majors

New punters should be aware of the ‘four majors’ in golf:

TOURNAMENTLOCATION AND DATE
The MastersAugusta National Golf Club in Georgia 11th – 14th April 2024
The PGA ChampionshipValhalla Golf Club in Kentucky 13th – 19th May 2024
The US OpenPinehurst Village in North Carolina 10th – 16th June 2024
The Open Championship (British Open)Royal Troon in Scotland 14th – 21st July 2024

Usually, these are the main golf tournaments that betting sites will advertise as they have the most traction. They are popular globally and contestants are some of the best golfers in the world. Hence, bookmakers will often promote their bonuses such as enhanced odds, free bets, early cash out, acca insurance, in-play betting and more.

Spread Your Bets Across Markets

One of the best strategies in sports, especially in golf, is to spread your bets. This is because there are hundreds of markets available for you to choose from and master, therefore you should make the most out of them.

  • If you are new to betting sites, stick to simple markets such as each-way betting where you can win wagers for ranking the top positions, or place betting where you can win for predicting the top 20.
  • If you are looking to branch out into more niche markets, start off with low odds and work your way up. This ensures you slowly build up your confidence without it negatively impacting your finances.  
  • If you are don’t want to bet on the four majors, there are other tournaments such as The Irish Open which is held on the European Tour.
  • If you don’t want to bet on tournaments, you can bet on tours such as The European Tour or the US Tour.

Review Course Features

Depending on which tournaments you are betting on, the courses differ immensely. Some are mountainous, others urban, in windy areas near the sea or calm landscapes, and so on. This is linked to the location; therefore, it is important to research the course beforehand. Other significant features include:

  • Bunkers made of sand which are found on the fairway or near the green, ranging in depth
  • Water bodies both naturally occurring and man-made, which should be avoided
  • Clusters of trees which are out of bounds, usually located to the sides

By having awareness on these conditions, you can link them with certain players. For example, the golfers who are accustomed to these conditions will perform better than those who need time to adjust. Likewise, the players who have already taken part in the tournament during the previous years will be more familiarized to the course.

Keep Up To Date With News

Like regular people, golfers too can suffer from injuries and poor performance. By being updated and regularly checking betting sites, blogs, and other useful articles, you can gain a better understanding on how they are projected to perform.

  • Look for statistics like accuracy and driving distance
  • Check weather conditions before the games such as wind speed

You should also watch as many tournaments as possible, the most recent being of highest importance. These will aid you in learning the rules of golf, and understand the unique style of play of individual golfers. As well as this, you can spot common mistakes made on the courses, and the challenges they may face.