Tiger Woods’ Hall of Fame induction Wednesday is just the ceremony for what we have all already known for years as golf fans. He is one of the greatest of all time, and in my opinion, the most dominant. The odds backed that up.
Golf analyst Roger Maltbie described the allure of Tiger best. “He doesn’t just move the needle. He is the needle.” That didn’t just apply to TV ratings. It applied to his affect on betting markets as well.
Unprecedented Outright Odds Respect
In the current climate of golf betting, where world No. 1 Jon Rahm may be a +750 favorite in a weak field, looking back at Tiger’s outright odds in major championships is just mind boggling. To put it in perspective, +750 implies a win probability of 11.8%. In the strongest field at THE PLAYERS, there is no single-digit favorite.
In major championships, El Tigre was as short as +150 in his prime. That’s an implied probability of 40% … in the strongest fields golf could offer!
Take a look at Tiger’s outright odds and implied win probabilities for each of his 15 major championships as he is honored at the World Golf Hall of Fame and forever enshrined in history.
How Often Did Tiger Woods Win In His Prime?
Between 1999 and 2008, Tiger Woods won an incredible 58 events. Out of a total of 173 events, he won 33.53% of the time. The equivalent odds of that win rate? +198. In golf. And if you look at the table below, you can see there were stretches around the turn of the century as well as 2006 and 2007 where he was winning at an even higher rate.
What about just the majors? Tiger won 13 of his 15 major championships between 1999 and 2008. That’s a 10-year stretch and 40 major championship tournaments. He won 13 of those 40 for a 32.5% win rate, with every best golfer in the world competing. Equivalent odds for 32.5%? +208. IN MAJORS!
So when you see Tiger Woods’ Hall of Fame enshrinement, remember just how statistically dominant he was on a golf course.