The Expert's Guide to Golf Betting and Advanced Strategies for Maximizing Your Winning Chances 

If we ask you what the most popular sport for betting is, what would your answer be? It’s mostly likely football/soccer, as it’s the most popular sport globally. But if we ask you about the second most popular sport for betting, things start to get tricky. 

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You may think of basketball, baseball, tennis, and other mainstream sports. But the accurate answer is golf. Thankfully, we have a BetZillion golf betting expert today at Eastwood Golf Club. He’ll share the secrets of successful golf betting and the best tips. 

Eastwood Golf Club x Jimmy Daytona: What Is Golf Betting?

Golf betting is nothing but bettors placing real money and predicting outcomes in advance. It’s practically no different from football betting or basketball betting. The idea is that you pick a sportsbook, choose a tournament, choose a market, and wager money according to the odds. 

But for newcomers to online sports betting, the majority of it doesn’t make any sense. That’s where the BetZillion betting expert Jimmy Daytona comes into play. 

Jimmy Daytona Explains Golf Betting Odds

According to Jimmy, grasping the odds is the most important aspect of any betting. In simple terms, odds represent the probability of an event. The stronger the odds, the more likely it is that the event will take place. 

In sports betting, however, odds have another role to play. They give the bettor an objective amount that they can make if the prediction is right. Generally, there are 3 main formats of odds that you can expect to find. Jimmy has been kind enough to explain all 3 to make the journey seamless for you. 

Decimal Odds/European Odds

Known as both decimal and European odds, this is the most commonly used format worldwide. As you’d expect, the odds are represented with decimal numbers. According to probability calculations, 2.00 odds represent 50% probability. 

So, if you see events with over 2.00 odds, it means there is more or less than 50% probability of it playing out. The opposite is true for odds under 2.00. 

Fractional Odds/English Odds

This particular format of golf odds is mostly used in the UK and Ireland. It’s a ratio of the profit and the stake. For example, 5/1 fractional odds mean you can make 5 currency units for every unit you bet, rounding up to 6 currency units in total payout. 

American Odds/Moneyline Odds

Predominantly used in the US and Canada, this format uses 100 currency units as a baseline. It also uses arithmetic operators (+ and -) to distinguish between the favorite and the underdog. 

-120 odds mean if you bet on the favorite, you must wager 120 currency units to win a 100 units profit. And +120 odds suggest if you bet on the underdog, you can make a 120 units profit for only a 100 units wager.

Golf Betting Tournaments and Markets

As we’ve already mentioned, every sport has some tournaments. Golf is no different. When you want to bet on golf, you must first identify what match you want to bet on. In golf, the options are pretty much limitless, as there are local events worldwide. 

But the most high-voltage golf betting events, according to Jimmy, are: 

• The Masters
• The PGA Championship
• The Tour 
• Ryder Cup
• The Memorial Tournament
• The US Open
• FedEx St. Jude Championship

As golf is an individual sport, you’ll mostly get to bet on players for all of these tournaments. When you visit any of the golf betting sites and visit the tab, you should be able to choose between any of these depending on what’s concurrent at that time. 

Then, you need to choose the market. Here are some of the golf betting markets you can expect in 2023. 

• First Round Leader: Most tournaments in golf happen in rounds. So, you can bet on which player you think will most likely lead the round. 
• Top Regional Player: In international tournaments where players from all over the world participate, bookmakers offer markets like top American players, top EU players, top Asian players, etc.
• Each-Way: Predominantly popular in horse race betting, each-way is also possible in golf. Depending on the tournament rules, it can be the top 5, top 10, or top 20. Essentially, you’re betting your favorite player to either win or secure a place.
• Props Bets: Props are short for proposition bets. These are bets that don’t directly impact the outcome of a match. Due to the nature of golf as a sport, plenty of props bets are possible. 

Best Strategies for Golf Betting

Sports betting is a lot more hands-on when compared to casino games. You have the luxury to research and hand-pick the events you want to bet on backed by facts. Then again, there will always be an element of luck needed if you want to succeed. 

Using a betting strategy somewhat neutralizes the need for luck. Most of the popular betting strategies are usually bankroll management. Let’s take a look at some of them. 

Martingale Strategy

Perhaps the most popular betting strategy of all time. The Martingale system dictates that you keep doubling your bet until you win. And when you win, you reset to the original bet size. The idea is that one win will cover all the previous losses. 

Arbitrage Betting

If you’re completely new to sports betting, arbitrage betting is not recommended. But it doesn’t hurt to learn, right?

Arbitrage betting is when you place equal but opposing bets at multiple bookmakers to cover all possible outcomes. The idea is that no matter what happens, you don’t sustain a big loss. And if you can dial the odds in just right, you can walk away with a profit. 

Betting Against the Public

A fair warning first. The success rate for this strategy is very low. However, the reward you can expect is massive. What the public deems as a favorite outcome has very slim odds. The high probability of the event reduces the margin for a reward. 

But you're taking a bigger risk when you go against the public. Hence, your reward will also be much bigger. 

We hope that today`s brief guide on golf betting will help you in making the right decision!