Golf Betting Odds in Indiana
A number of sports are seeing a surge in interest these days, and it’s not too hard to figure out why. The legal sports betting environment has opened up the floodgates, and bettors continue to rush in and take advantage.
Among the sports that is attracting new fans in droves is golf. Watching the best in the world do what they do on perfectly manicured courses is already a top pastime for tons of fans, but golf betting is helping to bring the interest to new heights.
There’s a tournament to bet on nearly every week, and plenty of different ways to wager on it to boot. You can focus on the outright winner of the next tournament, look ahead to the majors, explore prop betting opportunities and even bet on the action as it unfolds.
Live betting on golf has become a huge deal, and we can also point to that as a catalyst for the surging interest. We’ll tell you all you need to know about that in a bit, as well as everything else you need to get up to speed with golf betting right here.
We’ll begin with the basics.
How does golf betting work?
When getting involved with any new sport, figuring out where to begin can seem like an intimidating task. It’s no different with golf betting, but the learning curve is nowhere near as steep as you may be thinking.
There are some distinct nuances about the sport that you will need to understand, as well as a number of different types of bets. Some of them are quite similar to what you’ll find on other sports, but others are unique to golf.
Let’s take a look at the basic types of betting opportunities that you’ll come across.
- To win: This is a bet on which golfer you think will win the tournament.
- Finishing position: Wagers on a golfer to finish in the top five, top 10 or top 20.
- Each way: A bet on a golfer to win or place well in the event, such as in the top 10.
- First round leader: A wager on which golfer you think will be in the lead after round one.
- Nationality: You can bet on the tournament winner’s country of origin.
- 2 or 3 balls: A head-to-head bet on a pair or group of golfers for a single round.
- Group betting: Pick the golfer with the best score from a group of four.
- Vs. the field: A wager on whether one of the favorites will outperform the field.
- Head to head: A straight bet in which you need to pick the winner between two golfers.
Among the bets that are similar to what you’ll find elsewhere in the sports betting marketplace, to-win bets are very much like futures bets in which you’re picking the victor in a future event.
Head-to-head bets will look very familiar to those who are experienced with moneyline betting in other sports. Most of the other bets fall into the group of wagers that are unique to golf.
How do golf betting odds work?
Now that we understand the different ways to bet, let’s take a look at how to read the golf betting odds board. Let’s begin by taking a look at the odds for golfers to win an upcoming tournament.
- Rory McIlroy +500
- Tommy Fleetwood +1400
- Bryson DeChambeau +1600
- Hideki Matsuyama +2000
- Xander Schauffele +2100
These are just the five favorites, but there will be odds listed for each of the golfers scheduled to compete. You’ll find the odds listed in the same way for other golf bets as well, such as first round leader and finishing position.
Next, let’s see what the odds look like for a head-to-head matchup in the same tournament.
- Sungjae Im -118
- Patrick Reed -110
Odds for these types of wagers are just like the moneyline odds you’ll come across in other major sports. It’s a similar story when you’re looking at odds for 2/3 balls or group betting.
In all cases, the odds will move based on market action. Oddsmakers release the initial lines in advance of the tournament, and then the market weighs in and has its say. Following the movements from release to the time you place your bets is a great way to gain a sense of market sentiment.
Live golf betting online
You don’t have to get all of your bets in before the tournament begins. As mentioned earlier, live golf betting is becoming incredibly popular. These are wagers you can place as the action is taking place.
Sportsbooks will display odds for various opportunities as the round plays out in real time. It’s a fast-moving market, and odds are based on what’s happening on the course. Among the offerings you may see are how a golfer will perform on the next hole, or updated odds for head-to-head matchups.
There’s plenty of potential for profit with live betting, but also an enhanced risk of losses due to the fast-paced nature. As such, it’s wise to be selective with the wagers you place. One popular area to focus on is when favorites in the tournament begin to struggle.
Their odds may be impacted in particularly rough patches, so you can pounce on favorable prices if you believe a turnaround is coming.
To fully take advantage of all that live betting has to offer, an Indiana betting app is a must. The fast-paced nature of the markets means you have to react quickly, and that’s a lot easier when all that you need is at your fingertips.
The golf futures market is very active. While most of the attention is devoted to the winner of future major tournaments, you’ll come across other opportunities as well.
The Ryder Cup tournament attracts plenty of betting action, as do other tournaments that don’t fall into the category of majors. At certain books, you’ll even find opportunities to wager on the player of the year.
Beyond the betting aspect, the futures market is also a great research tool that you can use to get up to speed on the hierarchy of golfers, as well as market sentiment on their future performance.
Golf prop betting
For even more ways to get in the game, explore the prop betting market for golf. For each tournament that takes place, sportsbooks will offer a whole series of bets that are basically side wagers on what may happen during the course of a tournament.
Here’s a sampling of what you may find.
- Top European player for the tournament
- Top performing golfer outside of the three favorites
- How many birdies will be scored in round two?
In addition to being potentially profitable, prop bets are another way to remain engaged throughout the tournament. If your picks to win and place well don’t fare so well, you can still walk away ahead if you knock it out of the park on some prop bets.
Odds for golf majors
Each of the weekly golf tournaments attracts plenty of betting action, but interest intensifies dramatically when the major tournaments roll around. There are four golf majors on the yearly calendar.
They’re the biggest tournaments of the year from a competitive aspect, as well as the most popular for betting. Here’s what you need to know about this year’s majors.
2020 Masters betting
- April 9-12, 2020
- Augusta National Golf Course in Augusta, Georgia
- Par 72, 7,475 yards
- Defending champion: Tiger Woods
- Purse size: $11,500,000
- TV: CBS, ESPN
According to the futures market, Rory McIlroy, Jon Rahm, Brooks Koepka and Tiger Woods are the favorites to win this year’s edition.
2020 PGA Championship betting
- May 14-17, 2020
- TPC Harding Park in San Francisco, California
- Par 72, 7,169 yards
- Defending champion: Brooks Koepka
- Purse size: $11,000,000
- TV: CBS, ESPN
McIlroy, Koepka, Dustin Johnson and Justin Thomas are the top choices on the odds board to win the PGA Championship in 2020.
2020 US Open betting
- June 18-21, 2020
- Winged Foot Golf Club in Mamaroneck, New York
- Par 70, 7,264 yards
- Defending champion: Gary Woodland
- Purse size: $12,500,000
- TV: Fox, FS1
For this tourney, Koepka, McIlroy, Johnson and Woods are the current favorites in the futures market.
2020 British Open betting
● July 16-19, 2020
● Royal St. George’s Golf Club in Sandwich, Kent, England
● Par 70, 7,204 yards
● Defending champion: Shane Lowry
● Purse size: $10,750,000
● TV: NBC, Golf Channel
McIlroy and Koepka are the favorites for the British Open as well, followed by Johnson and Rahm.
You can get in on the action via the futures market for these events at any time. As the tournament approaches, you’ll find odds for all of the other standard bets you can make.
Additionally, since these tournaments attract so much action, don’t be surprised to see sportsbooks kick it up a notch in the promo department. That means keep your eyes peeled for things such as odds boosts, free contests and other special bets surrounding the majors.
Free golf bets
As mentioned, sportsbooks aren’t shy about ramping up promotional offerings around golf’s majors. They’ll do so at other times during the course of the year as well, so keep your eyes peeled for offers to take advantage of.
There are two easy ways to stay informed on the latest happenings at your sportsbooks of choice. For starters, keep an eye on the promotions tab onsite or on mobile for the latest offerings. Additionally, many operators place their latest promos front and center in the betting lobby.
Second, be sure to opt in for promotional emails as you sign up. Many sportsbooks will send out emails regularly that list the latest happenings and offers. For those who have yet to try out new sportsbooks, you may find some extra enticements to do so, such as a free bet.
Golf live streaming
It’s tough to stay locked in for all four rounds of a golf tournament. That would be a four-day viewing commitment, and few folks have that sort of time at their disposal.
You don’t have to do that just to bet on golf, but you’ll naturally be a bit more engaged if you have some skin in the game. Thanks to the wonders of live streaming, you can check in at any time.
Certain sportsbooks offer live streams right from their mobile apps or websites. Additionally, networks that are carrying the tournament will generally offer a stream online or via their mobile app.
If you get stuck, consult PGA.com for where you can safely and legally stream the current tournament. Live streaming is a huge benefit for golf betting, not to mention very helpful for when you want to explore some in-game wagering opportunities for the current tournament.
Golf betting tips for beginners
Getting started with golf betting may seem difficult at first glance. As with learning any other sport, start with the basics and build out from there. Understand the main parts of the game first. There will be plenty of time to tackle more advanced facets later on.
The same applies when it comes to betting. If you try to learn everything there is to know before placing your first golf bet, you’re going to be awhile. Instead, zero in on a few points that really move the needle for tournaments.
Here are three places you can start:
1. Know your course
All golf courses are not created equal. Some are incredibly difficult — even for pros — while others aren’t as challenging and inspire impressive scores from the world’s best. For each tournament, gain an understanding of the course and how it plays.
By extension, take some time to see how the golfers in the field have fared at past events on this course. If a golfer is finishing in the top 25 each time he tees off here, there’s a good chance he’ll have a good tournament. The same applies in reverse for those who haven’t consistently made the cut at previous events.
2. Study recent form
Just like athletes in other sports, golfers go on good runs and have stretches in which they struggle. When looking at the field for a tournament, make note of who is playing well versus who is not.
The average field size is 100+ golfers, so that can take some doing, but there are some quick workarounds. Research statistics for the PGA season to date, and focus on areas such as top 10 finishes, total cuts made, money leaders and FedEx Cup points leaders, and you’ll be able to quickly get a handle on the lay of the land.
3. Understand the odds board
This can’t be stressed enough: Know what the odds board is telling you, and don’t try to outsmart it. Favorites are where they are for a reason, as are the longshots. Oddsmakers have a ton of data at their disposal while building lines, so what they come up with needs to be respected.
That said, part of the game is hunting for discrepancies that you can take advantage of. Each week, you can find mid-range plays that may not be receiving much attention as of yet, as well as the occasional longshot.
One other note: Try to pay attention to how the odds move from the time they are released until it’s time to place your bets. This can give you some great insight into market sentiment and also help you spot potentially good plays you may have missed in your own research.
If you can follow these three steps, you’ll come up with a solid shortlist of golfers to focus on. Work through steps one and two in succession, and then compare the names you have on your list with their current odds for the week.
Just like that, you’ll have some golfers to focus on for the upcoming tournament. After you have worked through the process a couple of times and feel comfortable, you can begin adding additional steps to the process. For example, you can begin digging into specific stats such as strokes gained.
Don’t be shy about taking the time to research different golf betting strategies, either. There’s some great stuff out there on the interwebs, and you can learn a great deal with a little bit of effort. Think of it like going to school, and know that you’ll walk away with additional knowledge that you can use to perfect your own betting system.
Golf betting rules
Once a golf tournament gets underway, it’s time to keep your fingers crossed on the bets you have placed and also to keep an eye on the live betting market. However, there are some rules that are specific to golf that you need to keep an eye out for.
- For pre-tournament bets to be settled, a minimum number of holes need to be completed. For the PGA Tour, it’s typically 54 holes or three rounds. For the European Tour, it’s 36 holes. It would take something extreme for a tournament to not be completed; just know that it’s possible.
- If someone is in the field and then winds up not competing, then all bets on that golfer are considered void.
- For those who withdraw due to injury or get disqualified for an infraction, bets on those golfers will be graded as losing wagers.
Each sportsbook will have clear-cut rules listed for golf and all other betting markets offered. Take some time to review them, and you’ll be able to avoid unpleasant surprises that may come up.
Golf Betting FAQ
How do different courses affect golf betting?
Some courses are very difficult and inspire final scores that hover around even. There are other courses that can be picked apart by the world’s best golfers, and scores over four rounds will be quite impressive as a result. As part of your research, review the course at hand and how it plays, as well as how golfers in the field have performed here in the past.
Who has won the most golf majors?
Jack Nicklaus tops the list on the men’s side with 18 wins in major tournaments. Tiger Woods is in second place with 15, followed by Walter Hagen with 11. On the women’s side, Patty Berg is tops with 15. Mickey Wright is second with 13, followed by Louise Suggs with 11.
Is golf harder to bet on than other sports?
Not at all. There’s a learning curve attached, but it doesn’t take too long to get up to speed. Keep it simple when starting out, and focus on things such as top golfers for the season to date, recent play, how the course plays and the odds for the week.
What are the best stats to use for golf betting?
Just like with other sports, there are plenty of different stats to dig into for golf, several of which have plenty of folks who advocate for them being the best and most predictive. Among the top choices are strokes gained, top 10 finishes and cuts made. For a bottom-line stat to consider, take a look at money earned for the season to date and FedEx Cup points accumulated. Golfers who are playing the best will earn the most money, and also be big factors on the FedEx Cup leaderboard.
Should I use a golf betting system?
It’s certainly an option to explore. When starting out, it can be helpful to explore a number of different systems as a learning experience. Afterwards, you can pull out the best pieces from each and formulate a system that you can call your own.