Golf Sports Betting Tips

Sports betting has become a popular form of entertainment to pass time each day and make some extra money (hopefully) from random sports games we normally wouldn’t care to watch.

With that being said, you can also bet your money on Golf and take advantage of the high paying odds that golf offers if you get the bets correct.

For example, picking the correct winner of the Masters tournament could win you 5X to 20X your money!

In order to access sports betting, however, you must live in a state that allows it! Some states are still opposed to sports betting / gambling and the apps will not allow you to bet if they detect your location is in one of these illegal betting states.

Checkout the golf betting tips below to learn more.

Which Apps Offer Sports Betting?

To get started, you can visit the app store on your Android or iOS device to browse the variety of sports betting apps available.

Popular names you’ll hear and see include:

  • DraftKings
  • FanDuel (use my link for $50 free bonus)
  • PointsBet
  • Fox Bet
  • BetRivers
  • BetMGM

Create Your Account

If you are over the age of 21, you can bet on sports. You’ll have to verify your age as part of the sign up process.

Get started by clicking Create a New Account or Sign Up and you’ll be asked to fill out your information regarding your name, address, age, social security, etc.

The app you’ll notice also verifies you location each time you sign on and can detect if you’ve left your hometown state and crossed into a non-sports-betting state.

Some sports betting apps may require you to submit a photo of the front and back of your drivers license.

Once sign up is complete it’s time to deposit money to get started.

How to Deposit Money?

Most apps have a variety of ways you can transfer money into your account. The primary methods you may decide to use include:

  • Bank Transfer – enter in your bank account number and routing number
  • PayPal – sign in to PayPal and initiate the deposit amount
  • Credit Card – a cash advance will trigger, which may come with fees from your credit card company so beware
  • Other – there are some other ways as well which vary by app so look into these further

Most sports betting apps are running promotions right now that you can place your first bet up to “X” amount of dollars and it’s risk free, meaning if you get the bet wrong, they will reimburse your account with site credits (that can’t be withdrawn).

For example, FanDuel is offering a $1,000 risk free bet.

Back when I first joined, the offer was $500 and I used the full $500 deposit on a bet (Denver vs Lakers) and got it correct winning $800, putting my account to $1,300.

Had I lost the bet, I would have still had the $500 in my account but it would have been site credit so I’d have to keep betting with it since they disallow you to withdraw these promotional credits when you lose. However, my winnings of $800 I could withdraw since I got the bet right.

How Do Payouts and Odds Get Calculated?

When you are betting on the apps, you’ll see different odds/payouts. For example, you’ll see + and – signs in front of numbers that can range from 100 to 10,000 or more.

The rule is to place a decimal after the first number to figure out how much to multiply and divide your bet by. For example, 100 is 1.0X and 200 would be 2.0.

When there is a + sign, you multiply and when there is a – symbol, you divide.

  • (-200) means that your betting $1 to win $0.50 because we divide the $1 bet by 2.00
  • +150 means multiply by 1.50 so a $1 bet wins $1.50
  • -1000 means divide by 10.00 so a $100 bet wins $10

The closer the negative bet odds are to 100, the more of a 50/50 chance betters think the bet has and the better it pays. If it’s really one sided, like it’s almost guaranteed that a team is going to win, then you’ll see the -1000 and -5000 odds which mean you have to bet a lot of money to make very little money.

As the positive bet odds grow larger than 100, like +500 for example, the more risk the bet is. For example, you could pick a bad team to upset a good team and the odds are probably +500 or +1000 because the bad team doesn’t have that great of a chance of winning, but if they do, then your bet will reward you handsomely for taking this high risk play.

Betting on Golf

With the basics out of the way now, let’s talk more about how you can bet on golf using these sports betting apps.

First, you’ll need to login to your app. (I use FanDuel and my referral link gets us both $50 free)

Then scroll the sports categories (usually at the top of the page) and find Golf.

Once you’ve clicked into the golf page, you can find all the current bets being offered for Golf.

Whichever golf tournaments are going on for the week will usually be displayed but sometimes you can find Golf Futures, which means upcoming events that are weeks or months away and you can pick winners ahead of time for these events.

The app will hold your bet until that time comes so the money will get withdrawn from your available balance.

Types of Golf Bets

There are many different ways to bet on golf. It’s not always about picking the winner. It can get even more specific such as “Will Tiger Woods make a par on hole 4 or any other score?”

In this case, you choose whether you want to side with him making par or side with him making any other score other than par.

List of Golf Bet Examples:

  • Who will win the tournament overall?
  • Who will have the lowest 18 hole score today?
  • Who will have the lowest front 9 score today?
  • Who will have the lowest back 9 score today?
  • Specific Scores on Holes by a Player
  • Which player will score better on hole ___?
  • Over / Under for total scores
  • Over / Under for birdies in a round

These are just a small list of the many different betting options you’ll find for golf. The odds for picking winners usually pay better because it’s more risk trying to pick a winner from a field of 70+ golfers in the tournament.

For example, I once bet on Justin Thomas to win a tournament on Thursday before it all started as odds were highest. Each day once the leaderboard updates, odds adjust and go down for leaders since they already have a higher chance of winning.

In this case, Justin ended up winning and I believe I won like 9 times my bet since it has +900 odds.

Another bet I did once was on Rickie Fowler to win his match in the Ryder Cup for Team USA. He pulled off a birdie on hole 18 to win his match and secure a win for my bet.

I’ve also lost bets as well on golf. I’ve bet on Justin Thomas a few other times to win tournaments and he lost.

In the end, it’s a fun way to get more into golf and watching golf, when you have some money riding on the line.

That being said, bet responsibly. Don’t risk more money than you can afford to lose.

Most of my bets are $5 to $10 max. It’s a smaller amount of money I won’t stress about and makes the golf tournament more exciting to watch knowing if I win, my $5 could turn into $40 or $50 for me. If I lose, I’m out $5, not too bad. I guess I’ll cut back going to Starbucks one morning this week.

Get started on FanDuel (the app I use) and try my referral link for a free $50 bonus when you join.

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