If you’re on the hunt for a good golf betting Sportsbook, you’ll find that your experience with LV BET will definitely be up to par. Latest golf news, comprehensive betting markets and some of the biggest golf events of the year all made top of the list at our incredible Sportsbook. To set the bar even higher, LV BET bettors get access to exclusive Sportsbook bonuses and everything you need to know about golf betting. Don’t worry if you feel you're not up to speed just yet, we’re here to help. This article covers all the basics of golf betting so the next time you tee up, you’ll hit a hole in one! But, before we get right down to it, let’s take a quick look into golf’s history.
Golf originates from a game played in east Scotland, close to the royal capital of Edinburgh. At the time, the aim of the game was to hit a pebble over sand dunes around tracks using a bent stick or club. Golf gained the royal seal of approval when King James IV of Scotland became the world’s first golfing monarch in 1502. Thanks to this royal endorsement, golf’s popularity quickly swept across Europe in the 16th century. Mary Queen of Scots then introduced the game to France as she studied there.
Golf officially became a sport when the first golf club was formed in 1744, and an annual competition was set up in which silverware was used as prizes. The rules for this competition were drafted by Duncan Forbes. This led to the first 18-hole course being constructed in 1764, which established the standards we know today. King William IV honoured the St Andrews club with the title ‘Royal and Ancient’ in 1834, establishing it as the world’s premier golf club.
From there, numerous golf clubs popped up outside Scotland, including the Royal Blackheath in 1766. In 1820, the first golf club outside Britain emerged in Bangalore, India, followed by Ireland in 1856, South Africa in 1885, United States in 1888 and Hong Kong in 1889.
In 1894, the United States Golf Association (USGA) was established, and by 1900, over 1,000 golf clubs emerged all around the US — the rest is history. Now, golf is one of the top sports in the world, and a major part of the sports betting world.
The US Masters tournament was first played in 1934, and has since become a massive golf tournament, forming part of the four major tournaments of the season. This competition is an official money event on the PGA Tour, the European Tour and the Japan Golf Tour. That being said, the field of players is smaller in comparison to other big championships as it is an invitational event held by the Augusta National Golf Club in Georgia.
The PGA Championship is a professional golf tournament held by the Professional Golfers’ Association of America and is one of the four major golf tournaments in professional golf. It formerly served as the fourth and final tournament of the season, as it was held mid-August before Labour Day. As of 2019, the PGA Championship serves as the second tournament of the season, now held in May. Winning this championship automatically invites you to play in the other three major tournaments (the Masters Tournament, the US Open and the Open Championship), as well as the Players Championship for the next five years. It also makes you eligible for the PGA Championship for life.
The United States Open Championship is a national US golf championship, and the third of the four major tournaments in golf. It is also on the official schedule of both the PGA Tour and the European Tour. The US Open is held in mid-June by the United States Golf Association and has featured 72 holes of stroke play since 1898.
The Open Championship, also referred to as the British Open, is one of the most prestigious and oldest golf tournaments in the world. Founded in 1860, the British Open was originally held at the Prestwick Golf Club in Scotland. Now, it rotates between a few select golf courses in the United Kingdom. The Open Championship takes its place as one of the four major men’s golf tournaments of the season, along with the Masters Tournament, the PGA Championship and the US Open. The Open Championship is held in July and is the fourth and final tournament of the season.
Knowing where and when to place your bets is the first step to becoming a golf betting connoisseur. The next step would be understanding the betting options available to you. Different Sportsbooks may offer different options, but the following is a list of some of the most common types of bets around.
Starting your golf betting journey with a moneyline bet is a good way to kick things off. A moneyline bet is the most common and straightforward bet you can place, so understanding how it works is pretty easy. Basically, placing a moneyline bet means wagering on the golfer you think will win the tournament. If you’re looking to hit a birdie, the moneyline bet is a good place to start.
It’s safe to say that identifying the winning golfer of a whole tournament is pretty difficult, which is where the each-way bet comes into play. An each-way bet allows good odds of winning while also being a simple and common bet to place, especially for beginners. This bet allows punters to bet on a golfer to finish inside a certain threshold. This means that you can bet on whether the golfer will finish in the top eight of the tournament, for example. The exact threshold varies in Sportsbooks, so be sure to check that out before placing this bet.
A first-round leader bet is also pretty easy to understand. This bet allows you to bet on the golfer to be in first place after the first round of a given golf tournament. A bet such as this can prove to be a good alternative for those not ready to place a large bet on the entire tournament and would prefer to take it one step at a time instead.
This sort of bet is quite self-explanatory. Placing a hole-in-one bet means wagering on whether a golfer will make a hole in one. The odds of this winning are pretty low, just as the chances of hitting a hole in one is pretty low, so it is always best to do your research before getting into riskier bets such as this one. That being said, bets like these tend to pay out better than more common bets, so it is up to you to decide whether it’s worth the risk.
A nationality bet acts similar to a typical moneyline or each-way bet, as it involves betting on the winning golfer. But, while punters must choose which golfer to bet on, placing a nationality bet means wagering on a golfer of a specific nationality to win the tournament or round.
Parlay bets are some of the more complicated bets on this list, as they involve wagering on multiple outcomes. In order to win a bet like this, all outcomes must be fulfilled — which is what makes it a little more challenging for beginner Sportsbook bettors. Like the hole-in-one though, a parlay bet may offer higher rewards.
Comprehensive betting markets, all the latest golfing news, massive championships and incredible odds all await when placing your bets at our LV BET Sportsbook — and that’s only the beginning!
Take a seat and get an exclusive insider scoop into all of golf’s largest events, or other sports if you would like to take a gander at something new. Enjoy awesome knockouts in boxing and MMA, while also hitting the ball straight out of the park in baseball. If these sports don’t pique your interest, volleyball, basketball, esports, ice hockey and tennis are also on the list! Keep your finger on the pulse with our Sportsbook mobile app and enjoy prematch betting as well as live betting, along with many other benefits such as the Acca Boost, the Safe Bet offer or the Enhanced Odds bonus (subject to jurisdiction). Hit a birdie not a bogey — play at LV BET!
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