PGA Betting Odds Explained
Betting on the PGA is actually one of the fastest growing areas of sports betting today, and learning how to read PGA betting odds is an important part of this. There are plenty of tournaments during the year for bettors to get in on the action. Not only are there plenty of tournaments, but there are also a variety of different types of betting lines for each tournament. This is one of the key factors to PGA betting odds, the mixing up of different lines that cater to lots of different bettors. You'll also find that several Tours are covered outside of the PGA Tour. This also includes the LPGA Tour as well as European Tour betting lines.
Exactly what can be expected in terms of PGA betting odds are found throughout this page, as we go down the list and explain to you what will be available. We think that you will find the different types of PGA lines quite intriguing actually, and perhaps more vast than you might have originally thought. Learn how to read betting odds for the PGA below.
Betting Preview For The 2020 Masters
Sports bettors know it’s never too early to start looking at the betting preview for the 2020 Masters. The 2019 Masters came with one of the most memorable moments in the sport. Tiger Woods shocked the world by coming out of nowhere and winning his fifth green jacket in a redemption story that will be told for years to come. Sports bettors from across the nation were also able to cash-in on his victory with one super-fan making national headlines by winning $1.2 million on an $85,000 dollar bet for Woods to come out on top.
Since that victory, Woods hasn’t played nearly as well, opening up the betting lines for many other hungry golfers to win the coveted award. Brooks Keopka is one of the hottest golfers in the game today which would explain why online sportsbooks are giving him some of, if not, the shortest betting lines around. Rory McIlroy, who has one four major titles, is also heavily favored to win the 2020 Masters. It would be his first time doing so. The current odds for the 2020 Masters can be found below. Since there are so many participating in the tournament we have only showcased the top ten golfers. The odds are presented by BetOnline.
- Brooks Koepka +900
- Dustin Johnson +1100
- Rory McIlroy +1100
- Tiger Woods +1100
- Jon Rahm +1600
- Jordan Spieth +1600
- Justin Thomas +1600
- Justin Rose +1800
- Rickie Fowler +2000
- Francesco Molinari +2500
How To Read The PGA Betting Odds To Win
The betting lines to win on the PGA each week are formed and released the day after the completion of the tournament from the following week. This typically means on a Monday with rare exceptions and circumstances. The release of the betting odds will install every player in the field with a betting line to win the tournament. You will not find a bet on the 'field' when making a wager on a top-10 finish wager. All players are given odds, which definitely gives the potential for big payouts considering that any player in the field can win. You can see 500/1 or even 1000/1.
The odds to win each week are also adjusted after the first, second, and third rounds. These adjusted betting odds take into account the performances of players and how they stand compared to the lead. Obviously the leader going into Sunday will be right there; while someone 10 shots back will be a much higher payout.
Article: Moneyline Betting Odds Explained
2/3 Ball PGA Odds Explained
2-Ball and 3-Ball odds are pretty neat betting lines, and something that you will only find in golf. Each week the first two days match three players in a group, followed by pairs on the weekends. 3-Ball odds are formed for the first two days of competition, though one day at a time.
The three players in a grouping are each installed with a payout to shoot the lowest score in that grouping for the day. Once that bet is decided for the day, a second 3-ball line is formed for Friday's round.
The same concept applies to the weekend, though it's simply a 2-ball betting line with just two players in a group. 2-ball odds are accompanied with an option for bettors to wager on a tie as well. This brings in another factor to the equation with a differing payout.
PGA Betting Props Explained
Prop betting odds for the PGA come out several days prior to a tournament for a weekly event. These odds can range depending on the event, and are more extensive for a Major Championship or World Golf Championships Event. But among the lines you can expect to see include the odds to finish in the top-10 and top-five. Other popular props include hole-in-one props, winning score props, and margin of victory props.
But prop odds do not always have to cover the events for that week only. There can be other prop odds formed for specific players regarding performances in upcoming events or for the year. These are usually held for the big names like Tiger Woods and Phil Mickelson, for example.
PGA Head-to-Head Betting Odds Explained
The betting lines for head-to-head on the PGA are different than that of 3-ball and 2-ball odds. Head-to-head odds match players against each other for the duration of a tournament, versus just for the duration of the single round. These bets are only available prior to the start of the first round, where both players will receive a payout.
The bet is won by correctly picking the right player of the two to record the better finish. While all groupings on the PGA are set with 3-ball odds, head-to-head betting lines are reserved for some popular players, and they don't even need to be grouped together for the bet to be made. For example Tiger Woods and Adam Scott can be matched head-to-head for the Masters, but may very well never play together in the same pairing. This head-to-head line is for your betting purposes only.
How To Read PGA Future Betting Odds
A wager months in advance on a player to win the Masters is just one example of a futures wager on the PGA. Futures wagers can be on events months, and even up to a year in the future in some cases. But it's not only the Major Championship odds to win that you will find in futures; there are other aspects as well.
With the addition of the FedEx Cup, this is often a great futures wager to get in on, with lines formed on players to win the FedEx Cup at the end of the season. The same can be said for the PGA Tour money list winner or the European Tour Order of Merit.
Futures bets present plenty of chances for relatively high payouts as well on different golfers. But they don't differ too much from what you can get in individual events, which is something that is a bit different in the sport of golf.