The more information a punter can obtain before placing a bet on golf with a bookmaker, the better chance they have of winning. Unlike horse racing, where the health of a horse, riders instructions, and the handicapping system can often mean an unpredictable finish, the advantage of betting on golf is that every player in the field is trying their hardest to win. The key to placing a winning sports bet and making money betting on golf is to find out which players traditionally plays well on the course, their current form and the predicted weather for the week.
Study Sport Form to Make Money Betting on Golf with Bookmaker
Each season golf courses used on the PGA Tour and the European Tour are pretty much the same. The title name of the event may vary, as sponsors change, but most of the courses are the same every year. To find out how a player has performed on a course in the past, a punter should visit the European Tour or the PGA Tour web sites where past form and player stats are available.
The reason past form is important when placing a bet, is because each course will suit a certain type of golf game – some courses suit a draw ball, others have left to right doglegs that demand a fade off the tee, some are designed with particularly narrow fairways or fast greens. Only if a player has played a course well in the past should they should join a short list of players to bet on when gambling on the sport.
Before Placing a Sports Bet on Golf at Bookmakers
- Visit several online sports bookmakers and find out the odds of players in a tournament.
- Choose a selection of eight players, two in the top ten, three from the top twenty and three from top fifty.
- Visit the European Tour web site or PGA Tour web site to see past form on the course and current form in recent events.
- Before placing a bet take into account the current order of merit position of each player. If a pro has just made enough money to make the top 120 it might be worth having a spread bet on their next finish as they may well be able to relax and attack more confidently, having secured exemption for the following season.
- Check out the players form in last years British Open to see if they play well in the wind, as this is useful when assessing the weather forecast.
- Do not place a bet or gamble on golf until the day before the event starts.
- On the Wednesday check out the published teeing off times and then weather for the week. Find a weather site that gives hour by hour weather for twenty four hours to see if any side of the draw might be affected by wind.
- Before making a final decision on which player to place a bet, visit their web site or blog to see if there is any up to date news regarding new equipment or sporting injuries – this might affect their chances.
Trial Run Before Gambling Money and Placing a Bet on Sport or Golf
Before gambling with money at a bookmakers on any sport, have a few fun bets with yourself where no money is involved as mentioned in some of the top online Philippines casinos. There is no substitute for actually turning up to the venue of a tournament where a punter can study the form of a player up close, but enough information is available on every player on the Internet for a punter to make an informed decision before placing a bet with an online bookmaker.
However, the essence of gambling means a risk is involved, even if all the information seems to suggest a certain performance from a player, to win money gambling on anything with a bookmaker requires luck, patience and above all discipline. With that firmly in mind, betting a couple of quid or dollars on the finish position of a pro can make watching golf on television more fun and exciting.
Pari-Mutuel Betting Origins
Eclipse, imported from England, started American Thoroughbred bloodlines, but the English did not educate American society on the refinements of pari-mutuel betting at the race track. It was the French who schooled the United States populace on pari-mutuel wagering.
Pari-mutuel betting in North American horse racing sprouted in France in the mid-1860s, a system put together faultlessly by Pierre Oller. As is true of other invented facets of the horse racing world, the pari-mutuel betting system was a sideline interest of its founder.
Oller was a Paris perfume merchant.
What Is Pari-Mutuel Betting
The system of pari-mutuel wagering is simpler than its name indicates. Bettors merely are betting against one another in the pari-mutuel system, as opposed to a casino system in which bettors wager against the house. And the house generally rules.
In race track pari-mutuel betting, all bettors’ play is held by the track. Out of this pool, the track takes money for its operation, winning purses of the races, state taxes, and all other mandated funds. Winning bettors are then paid their portion from the pool after each race is completed.
Why Did Oller’s System Come About
Simply, Oller was frustrated by the bookmakers of Paris. Oller’s idea was to sell betting interests in each individual horse in a race through an auction pool. Small-time bettors who were not big-time spenders couldn’t afford to invest the large sums of money required to buy winning interests in a race favorite within the standard auction pools.
The Oller way was to offer small wagers on each, or any horse in a race, favorites, or not. Perier mutuel means “to wager among ourselves”, and that was the first handle of pari-mutuel wagering. In England, which soon adopted the system, it became known as Paris mutuals.
New York Catches On With Colonel Clark
When New York tracks got on the wagering bandwagon in the 1870s, the system was called Paris pools. It was the founder of Churchill Downs (the American Kentucky Derby track), Colonel M. Lewis Clark, who brought pari-mutuel machines to the American race track in 1878, after observing their operation in Europe. In the three previous years, Chruchill Downs used auction pools.
Bookmakers Lose The Action
Bookmakers in New York and in Louisville, where Churchill Downs is located, were not happy with the introduction of the pari-mutuel system at the race tracks. In the beginning, however, betting through bookmakers far outplayed the pari-mutuel system. Clark actually abandoned the pari-mutuel machines in 1889 under pressure from the bookmakers.
The turning point in favor of the pari-mutuel machines came in 1908. At the initiation of Colonel Matt Winn, the new Churchill Downs general manager, several of the machines were refurbished and installed for the running of the 1908 Kentucky Derby.
That day, $67,570 was machine wagered, with $18,300 on the Derby itself. Another $12,669 was auction pooled. Machines sold only $5 tickets on the Derby day program. Colonel Winn soon lobbied to expand future ticket offerings to $2, $5, and $10 wagers.
There was no stopping the American wagering express after 1908’s steaming success. With bookmaking falling out of favor under growing anti-gambling campaigns, the pari-mutuel machines gained ground.
By 1914, they were the American betting way at horse racing tracks. Or, if you will, they were the Winn way.
