Golf is one of the world’s oldest and most lucrative sports, with some historians tracing its origin to ancient China, Persia, and Rome. But, historical books have determined that modern golf developed in Scotland in the 15th century.

The sport quickly grew in popularity following the establishment of golf clubs in the 18th century. Eventually, standardised rules were established for the sport—paving the way for the creation of golf tournaments.

In modern times, golf is a game enjoyed by not just players or teams competing against one another and punters anticipating their favourite player’s triumph in tournaments. This sport has also been a big hit among sports bettors.

In golf betting, bettors are provided with ample betting markets to bet on, with some even offering substantial rewards.

Different Competitive Golf Tournaments

Golf is among the sports that many sports enthusiasts watch out for, with many punters anticipating the four globally recognised major tournaments organised by Professional Golfers’ Association (PGA): the PGA Championship, The U.S. Open, Masters Tournament, and The Open Championship.

Apart from these four major events, there are hundreds more golf tournaments worldwide, including:

The Players Championship
The Memorial
The Tour Championship
The Arnold Palmer Invitational
The Ryder Cup
LIV Team Championship

 

Types of Golf Betting Markets

Aside from the abundance of golf tournaments, punters also have various betting markets they can wager on at the best online betting site in Singapore and Malaysia. Here are some of them:

Outright Winner Betting

This betting market is the simplest among other golf wagers. Outright betting markets may already be available to bettors even before the tournament begins.

Outright betting works similarly to moneyline betting: bettors pick which golfer they believe will emerge victorious at the end of the tournament. However, the two differ in the number of choices provided to punters. In outright betting, more options are available than just two players or teams.

Punters can expect generous yet long odds as there are many contenders to pick from. Bookmakers typically set longer odds, with some designating odds of +700 up to +1000, or even longer for favourites.

In golf betting, long odds in outright betting entail that a player is expected to have a low chance of winning (considering the large pool of golfers contending for the championship title). Still, if they win, bettors who have chosen the player can reap a higher payout—they can receive multiples of their stake back.

 

Top Finishing Betting Markets

The top finishing market, also known as the Top 5/10/20 betting market, involves predicting a golf player to finish in the top 5, 10, or 20 of a tournament. It is much easier to predict and less risky than the outright betting market.

This betting market can be an excellent way for punters to keep their bankroll afloat. As Top 5/10/20 bets have high yet shorter odds, punters can reap enough payout from their wagers—although not as significant as the payout of a winning outright bet.

Still, if punters want to partake in top finishing markets, they must remember that dead-heat rules apply in this betting market. Dead heat occurs when two or more players tie in the top 5, 10, or 20 spots. When this happens, the value of a winning bet’s payout can decrease by half or more.

Bettors can calculate their finishing bet winnings in the event of a dead heat by using this formula:

Bet return = [Stake x (# of expected winners / # of actual winners)] x odds.

So, for instance, a bettor placed a $50 top finishing bet for a golfer to finish in the top 5 at odds of 5.0, which then finished in a dead heat with seven other players, their bet will be divided as follows:

Bet return = [$50 x (5 / 7)] x 5 = $178.57

 

Each-Way Betting

Each-way betting brings more favourable returns to bettors as it gives them a 50 per cent chance of winning the bet in case their preferred player does not win.

An each-way bet falls between a place and a moneyline bet. Here, the player’s wager will be split in two, with one of the halves placed on an outright winner ticket and the other placed on a Top-5 ticket.

For instance, a player placed a $20 each-way bet on Matt Wallace, with the odds of 10/1 on him winning the tournament and odds of 5/1 on him finishing in the Top 5. This means that the player could profit under two outcomes:

If Wallace wins the tournament and finishes Top 5, the player’s bet will pay a total of $300; but if Wallace fails to be the outright winner but places third in the tournament, the player will still make a profit of $100.

 

Head-to-Head Betting

Golfers do not essentially play direct one-on-one fixtures, but in sports betting, bookmakers create scenarios in which they do. They use such scenarios to provide head-to-head betting markets to bettors.

In the head-to-head betting market, bookmakers single out two contenders and bettors will only need to pick the player they think will finish in a higher position. A punter’s head-to-head bet can win if their preferred golfer finishes in a higher placement than the other, regardless if they do not win the tournament.

 

Top Nationality Betting

Another straightforward golf betting type is nationality betting. This involves predicting that the player who will win the tournament will come from a specific nationality, country, or region.

Nationality betting is a good betting market to engage in when punters are unsure which specific golf player/s to bet on.

 

Proposition Betting Markets

Sports bookmakers also provide ample proposition betting markets, which allow bettors to bet on specific outcomes in a certain tournament or player performance. Such include:

Hole-in-One Betting

Hole-in-one is the proposition betting market that predicts which player will be the first to shoot the golf ball from the tee into the hole without further strokes. This bet generally has low odds, which means bettors have a slim chance of winning. But if the bet does win, bettors will receive significant payouts.

 

Albatross Betting

This betting market involves wagering on which golf player will be the first to shoot three-under-par on the same hole. An albatross bet is generally easier to win than a hole-in-one bet as there is less luck involved and more skill needed to land this feat—which means punters must give extra consideration to the skills and performance of a golfer before placing this bet.

Still, similar to a hole-in-one bet, an albatross bet also has exceptionally high odds, as the chances of making an albatross on any given hole is 20,000-to-1. As such, if bettors get lucky to win this bet, they will also receive significant rewards.

 

Winning Score Betting

Winning score betting is one of the simpler betting markets, as it does not require bettors to bet on the success of a particular player. This betting market is essentially the equivalent of the over/under betting market on other sports.

In this betting market, bookmakers set a predicted final score for a given match, and bettors need to guess whether or not the winner will finish over or under the set final score. Winning score betting is typically offered in major tournaments and provides a nice payout.

 

Cut Line Betting

In cut line betting, bettors predict which golfers will “make the cut” to advance to the final rounds of a specific tournament or not. Accordingly, just like in albatross betting, bettors need to pay attention to the skills, experience, as well as performance statistics of the players if they want to make a profit from a cut line bet.

 

Where to Bet on Golf?

88ProBet is one of the trusted live casino betting site in Singapore and Malaysia for bettors wanting to bet on different golf tournaments. We offer a wide range of online sportsbook directories in the two countries as we strive to establish a positive, long-lasting relationship with our clients and the online gaming community. To get started with your golf betting journey, register for an account at https://88probett.com/.