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Most golf bets are money line wagers. The money line, also referred to as odds, lists how much money your wager will return. Often, "-110" will be offered for all side and total bets. For the moment, we will only discuss this number.
The easiest way to understand the "-110" figure is to consider $110 the price of the bet if you would like to win $100: if you bet $110 and your bet wins, you will receive earnings of $100. Of course, you may bet any amount between the minimum and maximum and it is this fraction (110/100 or 11/10) that will always be used to compute your winnings. For example, if you bet $11 and your bet wins, you will win $10. If you bet $55, you'll win $50.
The -110 money line is used by the house to guarantee that it receives some payment for its services. If the house offered even odds (1/1) and the action, or the total of all wagers received, was divided evenly across the two teams, the house would be doing volunteer work: handing all the loser's money over to the winners with nothing left over. This money line comprises, in a sense, even odds with a 10% house commission - sometimes called the juice, vigorish, or vig - for providing the action.
Money line wagers are common not only to golf but also baseball, tennis, horses, and futures, and can also be applied to football and hockey.
Example
You make a golf wager on a player at -120. A bet of $120.00 would win $100.00 if the player wins (plus return of the original $120 bet).
Golf betting options
include Picking the Winner, Group Head-to-Heads, Predicting Players Performance as Over, Equal To or Under Par. The most basic form of golf betting involves picking the winner of a tournament. Our recommended sportsbooks will list 30 or more individual golfers along with a field (all others) option, at various odds.
Another popular form of golf betting involves match up propositions, in which two golfers are paired against each other in a head-to-head wager, with a betting line on each golfer set by the odds maker.
The golfer with the better (lower) score wins the match up. (If one golfer continues play in the tournament after his opponent misses the cut, the golfer who continues play wins the matchup.)
In head-to-head matchup propositions, both golfers must tee off for action.
Rules vary by each sportsbook, but usually your golfer must tee off in the tournament for "action" (meaning once he tees off, you will either win or lose your bet). If for some reason he does not tee off, this is usually considered "no action" and tickets are refunded.
In head-to-head matchup propositions, both golfers must tee off for action.
72 Holes Match Betting
The winner will be the player with the lowest score over 72 holes.
Should one player make the cut and his opponent miss it, the player making the cut shall be deemed the winner.
If both players miss the cut the player with the lowest 2 round score shall be deemed the winner, if both players miss the cut on the same score the tie shall be deemed the winner. Both players must tee off in the 1st Round for the wager to have action, should one player withdraw before the start of the tournament all bets shall be void.
Should a player retire or be disqualified whilst his opponent is still in the tournament his opponent will be deemed the winner.
All 72 holes match bets have a tie line. If after 72 holes both players are level the tie line is the winner and wagers on the individual players deemed losers. However if both players are tied for the lead after 72 holes the winner off the playoff will be deemed the winner of the 72 holes match bet. If a tournament is reduced from the scheduled number of holes all match bets shall be void as long as both players are still in the tournament.
18 Holes Match Betting
The player scoring the lowest score over the 18 holes stated will be deemed the winner. Both players must tee off for the wager to have action. Should one player withdraw before the start of the round all wagers shall be void.
Should a player retire or be disqualified during the round the remaining player shall be deemed the winner. Irrespective of scores at the time.
A tie price is always quoted. Should both players shoot the same score over the 18 holes the tie line will be deemed the winner, and wagers on the named players losers.
Odds
If a player is 10/1, this means that if the player wins you get $10 for every $1 you bet, plus your original bet back. If a player is 'odds-on' then the odds are expressed as 1/10. This means that you for every $10 you bet you get $1 back if you win, plus your original bet.
European Odds
European odds are different from the North American style of odds. In North America, money lines are used to determine the line. In North America, a team that is +140 would be a 40 point underdog. This means that for every $100 wagered the bettor would win $140. The total return would be $240 (the winnings plus the original amount bet). In a European style of betting, these odds would be expressed as 2.40 -- meaning that for $100 wagered the bettor would receive $240 ... the 2.40 represents the amount won and the return of the original bet.
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