Understanding golf odds, both offline and online, can be overwhelming for newbies. Some punters might shy away from sports betting when they can’t comprehend these numbers.
We have put together a brief guide on betting odds to make the process easy for you. Learn all you need to get started betting on the PGA Tour or majors as you read further.
How to Read Golf Betting Odds
One of the common ways to place bets is wagering on a player who would likely win the game. In this situation, sportsbooks will offer a list containing the players’ names and several numbers beside them.
These figures could come in three forms:
- Moneyline/American Odds
- Decimal Odds
- Fractional Odds
These are most common in the US. You find these numbers displayed with an addition or a subtraction sign. Each of these signs has their meanings.
The positive sign shows how much you would win with $100. For instance, if a player is +3000 to win a tournament, you get $3000 with a $100. So, if that wager wins, you receive $3,100 in total.
On the other hand, the minus sign shows how much you have to bet to get $100. So, if a player is -110 to win a tournament, you have to bet $110 to get $100. In total, you get $230.
Online sportsbooks let you check the odds in Moneyline Odds. You can also check last odds in NZ on 20Bet and other information.
These formats are also easy to comprehend. Decimal odds come in decimal formats, just as their name suggests. Therefore, you’ll find these odds in numbers like 1.50, 2.50, etc.
Each of these numbers also represents how much you earn with your wager. For instance, a winning bet of 1.4 would return $1.4 for every $1 wagered. So, 2.30 will pay out $230 if you wager $100.
This also denotes how much to expect if your wager wins. While straightforward, calculating the payouts with this format can be tricky. However, it gets easier once you’ve got the hang of it.
As the name suggests, they come in a fractional form. A simple example is 5/1, which is also called five to one. With this, bettors win $5 for every $1 wagered.
As overwhelming as golf odds might seem, they’re straightforward to understand. These numbers usually show the likelihood of an outcome happening. However, they also show how much you stand to gain with every winning wager with top golf betting odds.
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