How Does Golf Spread Betting Work
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Golf offers a huge range of spread betting possibilities on all tournaments which take place on the American and European tours. Bets can be placed on a player's finishing position in the tournament, match bets where you bet on one player against the other, numbers of birdies or bogies on certain holes, and many more. The majors often bring out all kinds of interesting specials, which are always worth a look for their entertainment value.
A prediction on where a golfer will finish at the end of a tournament. This market differs from many others, as you need to Go High (Buy) if you want your selection to do badly, and Go Low (Sell) if you expect him to do well.
For example, Vijay Singh's finishing position may be quoted at 8-11, which means the world expects him to finish 9th or 10th. If you expected him to do better than this, then you would sell his finishing position at 8. If you thought that he might struggle, then you would buy at 11.
A large number of 18 hole match bets are offered on every day of most tournaments. The spread firm picks two players from the whole field and you predict which golfer will win over 18 holes. A player is awarded 10 points for winning plus 3 points for each shot he wins by (to a maximum of 55). A 72 Hole Match Bet is similar, although in this bet you predict who will finish higher of the two at the end of the tournament.
In this market, the spoorts spread betting firm predicts how a golfer will perform in relation to a selected number of their competitors (usually 10). It is important to note that only these 10 players count for the bet, as a result your player does not necessarily need to win the tournament for your bet to win. 50 points are awarded to the top player in the group, 30 points for the 2nd, 20 for 3rd and 10 for 4th. All other players receive 0.
Similar to the Tournament Index, except that every player in the competition counts. The players within the Leaderboard Index correspond with those leading the tournament, so other players may be added to the quotes as the tournament progresses. Points are typically awarded as follows:
When you spread bet in golf, the first rule to learn is that picking out a player you think will win the event is not necessarily your best route to profit. Prices can reflect the chances of a player winning, but some players perform consistently well week to week without ever taking home the trophy. Players such as Scott Verplank, Jay Haas, David Howell and even Darren Clarke have a win record that is poor considering their standing in the game. However, they deservedly have good reputations because they are in contention week in, week out. That's where you can really find value from spread betting.
Take Nick O'Hern, for example. There are punters out there who will religiously back O'Hern every time he enters a tournament - and rightly so. His stats are superb in almost every department, and he regularly contends for victory. Yet how many trophies has he won? None that matter. By Sunday evening O'Hern usually comes up short, which in a win bet is all or nothing. In a spread bet on a 72-hole match bet or finishing position, it's a different story.
O'Hern will regularly get priced up around 27-30 on finishing positions. The figure will fluctuate based on the strength of the event or O'Hern's current form. But 27-30 is a fair average. Now let's step away from his dismal win rate and consider what he does in his events. On the European Tour in the last three years, Nick has stepped up to the first tee 46 times. He has a 33% strike rate on top-ten finishing position, his top-25 record is 61%, and he misses only one in five cuts. Spread punters backing him at an average 27 week in, week out, win over six in ten times.
This is where spread betting can be so profitable. For every punter backing him to win, letting the bet run and losing every single time, there are spread punters out there who know that one in every three times they back O'Hern on finishing positions they will bank an average of nearly 20 times their stake, and only lose that amount one in five. You don't need to be a mathematician to see why O'Hern is a popular choice for those who spread bet.
Another angle that you can use to win on the spreads at golf is to not follow the masses. Some golfers become extremely popular at certain events because of what they have done in the past and the expectation that the well-known tipsters out there will have them in their list of three or four players to back. Examples that can be given are Woods at Bay Hill, where he has won so many times in the last few years, Ernie Els in the Heineken Classic in Melbourne and Phil Mickelson at Augusta - he finally won the US Masters in 2004 having been so close virtually every year.
The sports spread betting firms know that no matter what price they put up, people will want to back that player. So why would they offer 16-19 on finishing positions when experience tells them that if they offer 13-16 it will still be taken? For every ten punters that take the 13 to support, there will probably be only one that will take the 16 to oppose. It is hardly in the spread firms' best interests for those ten punters to win more often than the guy who dared to be different.
So how do you become the one solitary punter rather than the ten who have all backed the same outcome? It's not as straightforward as always opposing popular players. Instead, look for situations where everyone seems to be backing the same player and swim against the tide. Take a note of prices when they are first issued. If a firm starts to change a price through weight of money in one direction then ask yourself a question - was the spread firm wrong to start with or is the money wrong? If you decide the original price was right and now you can get on in the opposite direction at lower, do it.
Another thing you can do is to specialise on a few players. Find out what events they like, if they have a website or injuries - glean any info that might give you the edge on a forthcoming event. The firms must price up over 30 players; you can specialise on one. If you do that, you have always got a chance of making money.
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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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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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