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Things You Need To Know About Betting on PGA Tour, LPGA Tour, and Prop Bets
Whether you're aspiring to earn extra money, looking for a new hobby, or perhaps find additional ways to enjoy golf, you might want to do a little research on PGA Tour or LPGA Tour and PROP bets prior to placing that first bet.
Online golf betting on the PGA Tour and LPGA Tour, including prop bets has already become one of the most popular online betting sports worldwide. By reading on, you will learn what online golf betting is all about:
what are the 'Odds' and how to understand its concepts better?
Why do many gambling sites have warnings about gambling along with ' help lines'? and
Where to lay down one's first bet on a golf tournament.
What is Online Golf Betting?
Online golf betting on PGA Tour, LPGA Tour, and prop bets is one of the most popular sports betting done online and it is continuously growing, undergoing legalization in some countries like Canada and in some states within the United States. The United Kingdom has traditionally had a more robust gambling scene with neighbourhood bookmakers almost as common as the neighbourhood pub.
With just a few clicks on your mobile device or laptop, you can now start betting on your favorite golf player online. Choose which online golf betting app is suitable for your needs and compatible with your Android or iOs. You can download FanDuel or Betway, DraftKings, Pinnacle, Bet365, etc.
PGA Tour stands for Professional Golfers' Association. It is the organizer of professional golf events or tournaments in the U. S. and North America.
The Ladies Professional Golf Association or (LPGA) is the first, largest, and oldest professional women sports organization. They run the weekly or near weekly events of the LPGA Tour and its diverse pool of players from different parts of the world.
Prop Bets
Aside from the profit you gain for betting on the actual golf, you can also do prop bets or also known as proposition bets or fun bets, because it adds a little fun to your online betting experience. For example, and depending on the site, you can bet on things such as hole-in-one outcomes, when a particular player will have their first birdie or first bogey. Another common prop bet includes whether the event will require a playoff, which country will the winning player be from, or something like which player in a particular grouping or pairing will have the lowest round of the day.
Understanding The Odds
The odds of winning in PGA Tour, LPGA Tour, and prop bets usually involve what is known as "American Odds". These are odds using the + plus or - minus sign with the values next to it. This describes the chances of a player winning the online golf betting game. For example, if you see -200 next to the name of a player, it means it is the amount you have to bet in order to win the match. In this case, $200 is the amount you need to bet in order to win $100 in exchange. So, you will receive a total of $300 for winning the $100, plus the $200 that you had bet.
On the other hand, if you see +200 next to a player's name, it means you will receive this amount if you bet $100. You will get an amount of $300 in total for winning the golf match ($200 plus $100). This style of wagering involves the use of "American Odds".
Scenario 1:
If I wager $10.00 on a player that is +400 what does that mean?
This means that the amount that you are going to win on PGA Tour, LPGA Tour or prop bets is $40 if you bet $10. You will receive an amount of $50 in total (the winning money, plus the initial bet money in return).
Another common style of wagering involves the use of "fractional odds" and is traditionally associated with horseracing or boxing matches. The odds are expressed as a fraction such as 2:1 or 2/1 in which a player that wagers $10.00 would win $20.00 with a successful bet. The total payout in this case would be $30.00 -- the initial $10 bet and $20 of winnings.
Scenario 2:
If I wager $10.00 on a player that is listed as 5:7 what does that mean?
A $10 wager at 5/7 pays out a total of $17.14 should you win.
Gambling, Warning Signs & Help Lines?
Gambling is fun but it could also be addicting. Many gambling sites on PGA Tour, LPGA Tour, and prop bets have warnings about playing responsibly along with a link to their Help Lines. Bet365 for instance, provides web-based tools and tips on how to stay in control, limit your deposit, and moderate one's own gambling habitual activity.
Some online betting sites give free deposit bonuses and casino chip rewards for first time bettors like MyBookie. It also features unique prop bets, perfect for those who like to bet on aspects of the game. FanDuel is one of America's leading sport betting site. You can get live odds on their sportsbook.
Conclusion
Online golf betting sites like FanDuel, Bet365, and MyBookie are some of the best apps that provide odds on big tournaments like PGA Tour, LPGA Tour, and even prop bets. The golf betting apps give chance to bettors to win real money and earn extra income. It can sometimes be addicting so choose those apps with tools that will remind players of gaming responsibly and staying in control.
Note: We do not guarantee the accuracy of this information. It is intended to be explanatory and educational and is not to be construed as providing the reader with advice. If you intend to gamble or wager on Golf or any other sport please make sure that you do so in accordance with the laws governing your state, province or country.
HELP
If you decide to wager or bet on golf, we strongly encourage you to do so responsibly. If you realize that gambling has or may become a problem for you, please call a Gambling Helpline near you.
United States: 1.800.522.4700 – National Problem Gambling Helpline
United Kingdom: 0808 8020 133 – National Gambling Helpline
Canada:
Alberta 1.866.332.2322
B.C. 1.888.795.6111
Ontario 1.888.230.3505
Quebec 1.800.461.0140