Golf Match Up Spread Bets

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Our range of golf spread betting markets means a result on who makes the cut can be just as vital as the outcome at the top of the leaderboard.
Find out exactly how Golf spread betting works by watching our short video below. Alternatively, read on for a written explanation.
For information on our specific types of golf spread bets, click the links below.
To place a bet, look at the Spreadex prediction or spread on the market in question. If you think the outcome will be higher than our price, then you would buy on the spread. If you think the outcome will be lower than our price, then you would sell on the spread.
The more right you are the more you can win, but the opposite is the case if you get it wrong, as you may lose more than your initial stake.
See below for more detailed descriptions of the golf betting markets offered.
Try our interactive widget below for examples of how golf spread betting works for a theoretical £10 bet on different markets.

Alternatively, read on for more examples explaining how to place a golf spread bet.

The widget shows in more detail how spread betting markets can differ in volatility. For example, the range of the outcomes for a Finishing Position or Leaderboard Index spread bet are greater than for a Winning Margin or Shot Supremacy spread. Therefore, it is important to choose a stake level you are comfortable with for different markets.

Try using the widget for different golf markets to see how potential profit and loss levels can vary. This will help you practice golf spread betting and give you an idea of how the markets work before you try for real yourself.


It’s the PGA Championship, and you have an inkling that Player A is going to do well, so take a look at Spreadex’s Leaderboard Index spread betting market. That is where 1st place receives 80 points, 2nd place 40, 3rd place 30, 4th place 25, 5th place 20, 6th place 15, 7th place 10 and 8th place 5.

Spreadex is offering a Player A Leaderboard Index spread of 10-13, so you buy £5 at 13. Player A has a solid showing, and finishes in 3rd place, leaving you with a profit of £85 ((30 – 13) x £5).

Even if Player A didn’t do as well, and finished in 5th place, you would still make a profit of £35 ((20 – 13) x £5).

However, if they finished outside the top 8, you would end up incurring a loss of £65 ((0 – 13) x £5).
It’s the Masters, and you think the favourite’s chances are overrated, so take a look at Spreadex’s Leaderboard Index spread betting market.

Spreadex is offering a Player A Leaderboard Index spread of 11-14, so you sell £5 at 11. Player A flops hard, and finishes outside the top 8, leaving you with a profit of £55 ((11 – 0) x £5).

Even if Player A did place, and came in 8th, you would still end up with profit of £30 ((11 – 5) x £5).

But if Player A actually had a strong tournament, and finished in 3rd, you would incur a loss of £95 ((11 – 30) x £5).
10-3 Supremacy: Bet on the difference in shots between two named players over one round of a tournament with the spread based on the winner receiving 10 points, plus a further 3 points per shot won by.
10-3 Matchplay Supremacy: Bet on the difference in shots between two named players over one round of a matchplay tournament with the spread based on the winner receiving 10 points, plus a further 3 points per holes won by.
Live Index: Spread predicting how well a golfer will do in a particular tournament based on: 25 points if the player wins the tournament, 10 for second place and 5 for third. Our spreads are updated after each hole allowing you to open and close bets throughout the action.
On this market you can bet on where a named golfer will finish in a particular tournament, either with no limit on the highest finishing position a player can achieve or with a set maximum make-up on the highest finishing position a player can achieve.
For an example of how this works, Spreadex may quote a player’s Finishing Position spread as 41-44. If you think a player will finish better than 41st, then you would sell on the Spreadex quote. However, if you think the player will finish worse than 44th, then you would buy on the Spreadex quote.
Note that Dead Heat rules apply, so two players tied for 21st would both make-up at 21.5 ((21+22) /2).
72-hole Match Bets: Bet on how two players will perform against each other over 72 holes of a tournament. Spreadex may make a prediction that Player A will beat Player B by 0.5-2 shots over 72 holes.
If Player A ends the tournament six under par and Player B ends one over par, the market will make-up at 7. However, if Player B ends four under par and Player A ends one under par, the market will make-up at -3.
10-3 Match Bets: Bet on how one named player will perform compared to another named player with the spread based on 10 points awarded to the player with eventual lowest score, plus a further three points per hole won by.
Leaderboard: Bet on how a player will perform during a tournament with the spread based on: 80 points if the player finishes first, 40 for second place, 30 for third, 25 for fourth, 20 for fifth, 15 for sixth, 10 for seventh and 5 for eighth.
Hotshots: How many points a named group of golfers will score in a particular tournament depending upon their combined performance, with the spread based on: 25 points per named player finishing in the top 10 plus a 50 point bonus if any of the named players wins the tournament.
Super 10 Index: How many points any individual golfer from a named group of 10 players will score depending upon their finishing position in that group with their spread based on: 50 points if the player finishes first out of the named players, 30 for 2nd, 20 for 3rd, 10 for 4th.
Winning Score: The four-round total score, in shots, of the player who wins a particular tournament. 
Players Under Par: How many players will make the cut and finish under par, after all four rounds, in a particular tournament. 
Lowest Round: The lowest individual round (18-hole) score by a single player during a particular tournament.
Winning Margin: The number of shots the winner will be ahead of the rest of the field by after 72 holes. 
You can find all your favourite fixed odds golf bets such as Tournament Winner, Top Finish, Top 10 Finish, Top group, Two-ball prices, 72-hole matchbets etc with prices displayed in fractional or decimal format.
Spreadex also offers golf fixed odds accumulators and multiple bet options. Accumulators or multiples link bets together allowing for higher odds than a single bet and meaning a greater return from the initial stake size should all bets come in.
Bet on Corners, Goal Times, Player Goal Minutes, Shirt Numbers, Bookings, Match Performance and much more.
Bet on Runs, Bowler Performance, Fall of Next Wicket, Player Performance, Wides, 4s, 6s and much more.
Bet on Winning Distances, Favourites, SPs, Jockey Performance, Double Numbers, Match Bets and much more.
Bet on Total Points, Time of First Try, Total Tries, Tryscorers' Shirt Numbers, Match Performance, Bookings and much more.
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In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone so please ensure you fully understand the risks involved.
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Details
Written by Nick P.
Last Updated: 08 December 2020
Sporting Index's Introduction to Spread Betting

SpreadEx's Introduction to Spread Betting

In simple terms, BUY a position and go above the spread, SELL to go below it. See below for an example of the Finishing Position market for the Shell Houston Open.
Sporting Index's Finishing Position market
A SELL on Justin Thomas (below the spread price of 15-18) means that if he finishes better than 15th then you profit, if he finishes worse you lose. Thomas finished the tournament in ninth, which meant a finish position of 9. A SELL would have meant a make-up of 6 (the spread price (15) minus the position (9)) The profit is then the make-up multiplied by the initial stake.

A BUY on Dustin Johnson (above the spread of 17-20) means that if he finishes higher than 20 then you profit, if he finishes lower you lose. Johnson dominated the tournament over the weekend, to eventually win the tournament. This meant a loss on your bet with giving a make-up of 19 (1 minus the BUY spread price of 20) giving a loss on the bet of the make-up multiplied by the make-up.

Spread betting companies offer a multitude of markets on golf tournaments, here's the main ones.
Sporting Index's Leaderboard market

For example 2nd-placed Rory McIlroy would have returned a value of 40. So given his spread price of 9-12, a BUY would have produced a profit of x28 times the stake (40-12) and a SELL, a loss of x31 (40-9)

The Leaderboard market is the closest to fixed-odds' win and each-way betting as it rewards high finishes (albeit graduated over the positions) It's also a good market to oppose players close to the head of the market who you don't believe will play well.

Sporting Index's Finish Position market

For example a BUY (to perform worse than the spread of 24-27) on Marc Leishman who finished in a three-way tie for 62nd (a value of 63*) would have produced a profit of 13.5 times the stake (46.5-33)
* ties in spread betting is the average position across those players in a tie (ie tied 62nd with 3 players gives a value of 63; (62+63+64)/3)

Finish position bets put much less emphasis on winning and more on performance. This can mean backing a player (SELL their position) without necessarily believing they will contend or win, which brings into play the whole field and presents a different challenge to predicting a player to win or achieve a high finish.

(iii) Match betting involves the pairing of two players over an individual round or whole tournament. The market is then settled based on both the result and the shot difference between the two players. A popular match bet is "10-3" 18 hole matches where the bet is settled on the result (awarded 10pts) and the shot difference (x3)

For the Louis Oosthuizen / Billy Horschel match-up above, their first-round score difference was 4 shots in favour of Horschel (72 Oosthuizen, 68 Horschel) so the make-up was -22 points (4 shots x 3pts + 10pts for winning, a positive value on the first player, negative on the second) The spread price was 0-3 which meant a BUY would have produced a loss of 25 units (-22-3), a SELL would have meant a profit of 22 units (22-0) Should Ooosthuizen had shot the lower score, the make-up would have been the negative of the make-up (for example if scores had been reversed then the make-up would have been -28)

Match bets are also available for 72 holes of a tournament and can be a great opportunity especially when you find a pairing involving two players that you have contrasting opinions on.

Be aware of potential losses : Always be aware of potential losses as spread betting losses can exceed initial deposits. Deposit accounts and market stop-losses can mitigate against this but you should always be aware of the risks. If you feel you have a problem gambling use the resources available from the GAMCARE and Responsible Gambling Trust.
The righter you are, the more you win : In some ways spread betting gives you a fairer return as the better your prediction, the more you win (although also the wronger you are, the more you lose!) Spread betting rewards (or penalises) your judgement based on the accuracy of your prediction.

Will it be a good or bad week? : Being able to take a positive or negative opinion on a player (BUY or SELL on the spread) gives you the added dimension of not only being able to predict that a player will perform well but also badly. If you fancy a player won't play well, spread betting gives you the opportunity to oppose them.

Have an interest through the tournament : Spread betting selections will often give you an active interest through all four days of a tournament. Back a player at fixed-odds and they may never be in contention but in a Spread Betting market like Finishing Position, if your player makes the cut you'll have an active interest through until Sunday afternoon.
Change your mind during the tournament : As golf tournaments stretch over four days, you have time to change your opinion on a player and either take a profit or a loss. Spread betting allows you to close-out existing bets, meaning you can take a profit or limit a loss as well as backing new players.
Sporting Index are an established name in both sports and financial betting who offer a wide range of markets for the top tournaments.
New clients get £25 (non-withdrawable) to bet with. Keep what you win. Any losses over £25 are your liability. Market restrictions & 7 day time limits apply. Click for full T&Cs. Account opening status subject to suitability checks. Spread betting involves risks. Losses can exceed deposits. 18+ BeGambleAware.org

SpreadEx offer both spread betting and fixed odds betting on the top golf tournaments.

Bet on qualifying spread bet markets and get cashback after 28 days matching your stakes, up to £300 max. If you hit £300 you can instead choose an iPad Wi-Fi 32GB 2018 model. 18+ New customers only. BeGambleAware.org
Spread betting risks can exceed initial deposits. 18+ Please gamble responsibly.
 Alternatively both Sporting Index and SpreadEx offer fixed odds new customer free bets
New clients only. Applies to the first 5 x £5+ bets at odds of 1.5 or greater within 30 days of registration. Qualifying bets to be placed on separate selections. £25 free bet issued once all 5 bets settled. Free Bet valid for 7 days. Stake not returned. Offer not valid with cashout. Full terms apply. 18+ begambleaware.org

Place a £25 fixed odds single bet at min. odds of 1/2 and get 5 x £5 free fixed odds single bets. Place a smaller qualifying bet and get different numbers of free bets. E.g. place a £10 fixed odds single bet at min. odds of 1/2 and get 2 x £5 free fixed odds single bets. New customers only. Ts&Cs apply. 18+ begambleaware.org
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