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Want to bet on your favorite golfer to win any of the 4 Majors of 2024? Our Odds Tool will tell you the best sportsbook to place your wager! Good luck!

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Golf Betting Odds FAQs

Whether you're new to betting on golf or a seasoned veteran, you have to admit that it can be difficult to understand the betting odds. When betting on team sports, you usually only worry about the odds of two teams, but with golf, there can be up to 156 people in a PGA Tour tournament field.

If you want to learn more about how golf odds are set, check out the following FAQ section. We hope it helps you find the answers you're looking for.

How do online sportsbooks set golf betting odds?

Oddsmakers use a combination of statistical analysis, course history, weather, current form, and a whole host of other factors to determine each golfer's chances of winning the tournament. At any given tournament you may see some golfers with odds of +1000 to win and some with longshot odds of +50000 to win.

Why is it so difficult to make money betting on golf outrights?

The answer comes down to simple math. With as many as 156 golfers in any given tournament, there are a ton of outcomes that can occur. It's quite a bit different than betting on a baseball game where one of the two teams are going to win. So, in a nut shell, the variance makes betting on tournament winners extremely difficult.

What type of golf bets are available?

Sportsbooks offer different varieties of golf options for each tournament. In addition to who will win outright, bettors can put money down on who will place in the Top 5, 10, 20, 30, or 40. Some books even offer a price on if a golfer will make or miss the cut. Another popular golf bet is whether or not there will be a Hole in One at a certain tournament.

What are some common mistakes that bettors make when placing bets on golf odds?

The most common mistake we often see when betting golf is that folks tend to over-bet their bankrolls. This is dangerous in any sport, but especially in a high-variance sport like golf, where the outcomes can be even more random. Our suggestion if you like betting on outright winners in golf is to place very small wagers. Save your larger bets for outcomes that have a higher likelihood of happening. 

Which sportsbooks have the most options when it comes to golf betting odds?

While every legal sportsbook in the US will have some sort of golf offerings, you cannot beat the options of DraftKings and FanDuel. Both of these conglomerates offer outright, Top 5, 10, and 20 placement odds, and other prop bets. They also offer Top 30s and Top 40s, which is kind of a rarity in the industry.

What is the quickest way to win more money when betting on golf?

As always, shopping around at each sportsbook in your state is the quickest way to increase your ROI. Our Odds Tool above already does this for you from an outright standpoint. In general though, we'd encourage golf bettors to focus more on betting head-to-head matchups than on who is going to win the whole tournament.

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