Earning a fortune on golf sports betting: dream or reality?

Seamus Rotherick
By Seamus Rotherick November 26, 2020 10:56

One of the great things about golf is that it’s an inclusive game that unites people. Whether you’re a player or spectator, young or old, golf offers something for everyone and is enjoyed the world over.

And what better way to inject some excitement into the game by transforming your passion for golf into potential profit? The answer lies in sports betting and the key is to have a clear strategy to add excitement but, at the same time, to minimise your risk.

Start small

A great way to start with any sports betting is to use matched betting because it’s relatively risk-free. Matched betting makes use of free promotional bets. You simply place two bets: one, that a team will win and one, that it will lose. So, whatever the score, you win.

Now, this concept is simple when the sport only has two participants or teams. However, it becomes more complicated in golf. The version for golf, therefore, works on each-way bets, where you place half of the stake on the player to win and the other half on the player to finish in a ranked position. The bookmaker then offers a promotion of extra places, so instead of having to finish in the first 3 ranked positions, for example, they might offer the first 6. Therefore, the odds of winning are significantly increased for the same bet.

Futures, live and prop bets

Another type of bet that’s popular in golf is the futures bet where you predict the winner of a future event such as the ‘winner of The Open Championship’ or where a player might finish in the rankings of a particular tournament.

Live betting occurs when you bet once the game is in play. And this is where the excitement comes in as the odds will change as the players move around the leaderboard. As the players progress and move up the board, the odds will come down and conversely, they will go up if a player has a poor round.

Proposition bets (prop bets) are another option for going after those winnings. These are bets on a specific event happening such as a hole-in-one, a play-off or achieving over or under.

Striking gold

So the question is: can you earn a fortune from golf betting? There’s potential for anyone with a high enough stake and a good strategy coupled with a visit from Lady Luck to bring in a welcome windfall. Many visitors to fast payout casinos, such as https://mrcasinova.com/fast-payout-casinos/, will be familiar with this concept – and it’s no different in golf betting.

However, like most things in life, nothing is guaranteed and sports betting can be unpredictable. So it’s really important to know the level of risk that you are comfortable with and find a betting method to match. You could try starting off with small stakes and different strategies to see what works best for you.

Do your research

Make sure you do your homework and study how the players are performing in the run-up to the tournaments. Consider spreading your bets, and therefore your risk, across favourites and new up-and-coming players in good form. Look for value in players if you want to place futures bets – a player at 40-1 in good form might be better than a favourite at 5-1 who starts to lose form.

And don’t forget that simple things like the weather can have an influence on scores as well, so consider the impact and how players have performed in those circumstances in past tournaments.

Final words

Golf aficionados would agree that it’s a great sport to play and to watch. Increasing the entertainment level by a notch through betting and picking a winner is the icing on the cake. Just ensure that you research the statistics, study the player forms and the courses so you can select the best strategy for your level of risk and knowledge. You never know, next time it might not just be the winner of the Masters tournament celebrating!

 

Seamus Rotherick
By Seamus Rotherick November 26, 2020 10:56
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