When betting on golf and the particular outcome of any tournament, it is especially valuable to consider the large number of competitors involved in each event.
In terms of odds, the favorite for any given golf tournament is typically around the 10/1 mark with the top 5 usually ranging between 10/1 and 20/1. Assessing the value for each participant in such a large field of competitors can be a daunting task, but we put the time in and do our homework.
Money management is particularly important in a sport such as golf where you can find multiple value bet opportunities in any one tournament. When betting on golf, we're bound to lose more bets than we win. But we'll be consistently betting on players with odds offered in excess of 10/1, we only need to win a small percentage to come out on top.
Many casual betters believe that bookmakers set odds solely based on who they think will win, that the odds reflect an assessed probability of a particular outcome. While this is partly true, ultimately bookmakers are trying to balance their liability and take their commission. They do this by assessing where they believe the general betting public is going to put their money.
In turn, we find the value in competitors that the general public either doesn't believe in or simply doesn't know about. Bookmakers will often lower the prices of the big names, because they know that's where a great share of the public money is going to go. This leaves great value opportunities for us.
Betting on golf can be a bumpy road. Betting on competitors in such large fields, we're sure to have runs where the wins aren't coming as regularly as we'd like. This will happen, don't panic. With our experience, you'll find that with each loss we're only closer to our next win, and that over time, with good enough value recognition, the good will outweigh the bad.