Golf Betting Guide 2024

Odds, Strategy, And How To Bet

Golf betting odds
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The PGA Tour is in full gear as we enter the summer months. Below are betting odds for each week’s PGA tournament and a guide on how to bet on golf.

Find lines for top golfers like Rory McIlroy, Scottie Scheffler, Cameron Smith, Patrick Cantlay, and more below.

Golf odds

Check out golf odds at the best golf betting sites below for this week’s tournament.

How to bet on golf

Outrights and futures bets

Outright betting in golf odds is simply wagering on a specific player to win the tournament. Because of the difficulty of a player winning a tournament in fields that are often around 150, outright odds are much higher than someone betting on team sports is used to.

Strategy: Because the return on investment can be so high, you can bet on numerous players and still make a nice profit if one of your players wins. Betting on a couple players in each “tier” can be effective. For example, favorites (+2500 or lower), contenders (+2500 – +5000), longshots (+5000 or higher). Betting $10 on six players in that scenario would be just $60 invested. Even if you bet on a heavy favorite at +1000, he would win back $100 for a strong profit.

Top 5, 10, 20

A less risky version of outright betting is wagering on a player to finish in the top 5, 10 or 20 in a tournament, depending on what your sportsbook offers. While it doesn’t offer the high odds that outright betting does, it is much less volatile and rewards steady performances from your golfers.

Strategy: If you prefer betting on placement instead of outright, you’ll likely need a slightly larger bankroll to see decent profit. The market for placement betting is completely different than outright. You’re looking for more consistent golfers who may not have the firepower to win most weeks but provide steady results with a high percentage of made cuts.

Matchups

There are many forms of matchup betting on golf depending on your sportsbook.

Head-to-head: These can be week-long or single-round bets that put two players against each other with odds on who will post the better score. This provides a unique market where you can bet against a player you may be down on for the week compared to his pricing.

Nationality: Many sportsbooks will provide lines on which countryman will perform the best for the tournament. If you’re high on a certain player but don’t want to jump into an outright or top 5 bet, you can get decent value on a nationality bet depending on who is in the field.

3-Ball: An increasingly popular way to bet on golf because it provides a way to gamble on each round. 3-Ball betting typically uses the pairings in the tournament and gives odds on which player in the group will perform the best in the round. This can provide for entertaining viewing if you bet on a player in a featured group on TV.

First-round leader

Betting on the first-round leader is a niche market but seems to be growing. It is still not available on every sportsbook.

Strategy: It’s much easier to lead a single round than win an entire golf tournament, but odds for first-round leader mostly remains the same as outright odds. Keeping an eye on weather conditions is key to pick a player who tees off in calm conditions.

Live golf betting

Golf has live betting like most sports, except it allows you to put in much more research with ample time between rounds.

Strategy: Most live betting odds on the outright winner stay true to the leaderboard, but the market often still favors the well-known and highly ranked players. Taking a look at statistics and jumping on a player that is in contention but underperforming in a category he or she usually excels in can be a good strategy in live betting on golf.

Best golf betting sites

Caesars Sportsbook

The Caesars Sportsbook mobile app is one of the most popular to bet on golf. It features betting on everything from major PGA TOUR events to markets on the Champions Tour and Korn Ferry Tour. Users can get points for their Caesars Rewards accounts via betting on golf odds at Caesars.

DraftKings Sportsbook

DraftKings Sportsbook is one of the most popular legal betting sites in the U.S. Consistently rated as one of the best apps no matter where you look, DraftKings Sportsbook offers a comprehensive menu of golf odds with head-to-heads and plenty of other props.

FanDuel Sportsbook

The national market leader, FanDuel Sportsbook does just about everything right when it comes to golf betting. The app looks great, has a robust selection of markets, and has plenty of promos and other boosts on various sports. The golf action there is as good as you’ll find.

Bet365 Sportsbook

One of the newer players on the U.S. betting scene, bet365 Sportsbook is looking to make its mark as it has with a successful product across the pond. Time will tell whether that happens, but for the time being, bet365 is worth checking out for its unique golf offering, which often features markets none of its competitors have.

If you want to get into the golf action, but your state doesn’t have legal online wagering yet, check out daily fantasy sports sites or free-to-play betting apps like these California betting sites in the meantime.

Golf betting strategies

Bankroll management

Bankroll management can be tricky in golf due to the alarming potential of profit when outright betting. It’s important to stay reasonable and stick to a weekly limit on how much you bet on a tournament. Picking an outright winner is hard and you will often go weeks without getting a winner. But the profit of just one winner will typically make up for multiple weeks and more, especially if it wasn’t a heavy favorite. Pairing your outright bets with top 10 or top 20 bets is a good way to get some return on investment instead of going all-in on outright winners.

Injury reports

Injuries aren’t as common in golf as most sports, so there’s typically not much news on injuries most weeks. But there can be some withdrawals on Wednesday evenings or Thursday mornings, so it’s good to stay up-to-date on any lingering injuries that could come into play and ruin your bet.

Course form and recent form

Form will be talked about endlessly when taking in any content from golf betting experts. Not only is recent form important, but the unique-to-golf course form is also a key factor. Look for players who performed well at a course in the past. Augusta National is a course that strongly favors course history due to its tricky nature. Easier, simpler course like TPC Deere Run shouldn’t weigh course history as strongly.

Schedules

Golf requires a lot of traveling at times and has a very exhausting schedule at some points in the year. Keeping an eye on players traveling on short rest from overseas. Targeting someone who has played multiple weeks in a row can be a simple way to fade players who might be getting too much love.

Line movement

Most normal golf tournaments don’t have much line movement throughout the week leading up to the tournament. But some sportsbooks will still have more favorable odds than others. If you see someone early in the week who might get a push to lower odds because of talk from the media or a storyline, jump on it quickly. Otherwise, it’s usually fine to take your time.

Situational betting

Golf has a lot of external factors to keep in mind each week. Weather is something you should always look at before betting. Some players excel in easy conditions, while others do better when the wind blows and good scores are harder to come by. Getting ahead of the curve by checking the forecast and taking players who fit it is important. Motivating factors from week to week can also play a role. These include FedExCup points, a win to get a Masters invitation, local support, etc.

Golf betting stats: Which ones matter?

Thanks to websites and podcasts specializing in golf betting content, knowing the golf stats that matter each week has gotten increasingly easier for bettors. But there’s still plenty of individual research that can help you get ahead of the market on a player. Generally, the strokes gained statistics are the golden measure in golf. But certain courses will favor “strokes gained: off-the-tee,” certain courses will favor “strokes gained: approach” and certain courses will favor “strokes gained: putting.” Most courses will favor the same statistic year-to-year. But, it can change depending on weather and how the course is set up.

It is generally smarter to favor players who excel in ball striking statistics – driving and approach shots – due to their ability to run away with a tournament if they have a good putting week.

Golf majors: odds and trends

Masters Tournament

The 2024 Masters will take place April 11 – 14. It is always held at Augusta National in Augusta, Georgia at one of the most famous courses in the world. With drama lurking everywhere, Augusta rewards patience throughout the week and players with a creative game from tee to green.

Jon Rahm captured the crown at this past year’s Masters.

Current favorites for 2024: Jon Rahm (+900), Scottie Scheffler (+900), Rory McIlroy (+900), Viktor Hovland (+1000).

Recent winners’ odds: Jon Rahm (2023): +600, Scottie Scheffler (2022): +1800, Hideki Matsuyama (2021): +5000, Dustin Johnson (2020): +800, Tiger Woods (2019): +1400, Patrick Reed (2018): +5000, Sergio Garcia (2017): +3000.

The Masters favors course history more than any other event on the PGA Tour based on Data Golf’s course history tool. Creative ball-strikers excel, as evidenced by winners like Hideki Matsuyama, Tiger Woods, Sergio Garcia, Bubba Watson and Phil Mickelson.

PGA Championship

The 2024 PGA Championship will take place May 16 – 19 at Valhalla Golf Club in Louisville, Kentucky. Xander Schauffele won this year’s PGA Championship.

Current favorites for 2024 (via DraftKings Sportsbook): Jon Rahm +1200, Justin Thomas +1400, Scottie Scheffler +1400, Rory McIlroy +1400, Jordan Spieth +1600.

Recent winners’ odds: Justin Thomas 2022: +1800, Phil Mickelson 2021: +20000, Collin Morikawa 2020: +3000, Brooks Koepka (2019, 2018): +1100, +2000, Justin Thomas (2017): +3000.

The PGA Championship is typically the easiest setup of the four majors and the most similar to a regular PGA Tour setup. That means if conditions allow, the tournament favors long and high hitters. Rory McIlroy won the 2012 PGA Championship here at 13-under par.

US Open golf odds

This year’s US Open will take place June 13-16 at Pinehurst.

Current favorites (via DraftKings Sportsbook): Jon Rahm +1000, Rory McIlroy +1400, Dustin Johnson +1400, Collin Morikawa +1400, Bryson DeChambeau +1400, Brooks Koepka +1400, Xander Schauffele +1800, Justin Thomas +1800, Jordan Spieth +1800, Patrick Cantlay +2200.

Recent winners’ odds: Matt Fitzpatrick (2022): +3000, Jon Rahm (2021): +1000, Bryson DeChambeau (2020): +2500, Gary Woodland (2019): +7000, Brooks Koepka (2018, 2017): +2000, +4000.

The US Open is typically the toughest test of golf in the world each year. The USGA sets it up to ideally be a challenge to break par. Length and accuracy off the tee have been a key statistic in recent years as the courses have gotten longer.

British Open odds

The Open Championship will take place July 17 – 21 at Royal Troon.

Current favorites (via DraftKings Sportsbook): John Rahm +900, Rory McIlroy +1200, Jordan Spieth +1400, Dustin Johnson +1400, Collin Morikawa +1400, Brooks Koepka +1400, Justin Thomas +1600, Bryson DeChambeau +1800, Hideki Matsuyama +1800, Louis Oosthuizen +2000.

Recent winners’ odds: Collin Morikawa (2021): +2500, Shane Lowry (2019): +6600, Francesco Molinari (2018): +2500, Jordan Spieth (2017): +1400.

The Open Championship is always held at a classic links-style golf course that often has windy and tough conditions. If the weather is calm, players can go low and any style of player can win. Windy conditions favor solid ball strikers who can keep the ball low. It’s one of the few golf tournaments where long hitters don’t have much of an advantage.

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