Fixed-odds betting is the most familiar form of betting for most golf punters. Bookmakers offer a wide-range of markets to bet on including the outright winner market, where big priced winners are common.
Odds are represented as either fractional (20/1) or decimal (21.0) where the profit on a successful bet is a multiple of the stake by the odds.
Coral's Winner Market Odds
Most fixed-odds bookmaker sites look similar to this, with navigation to events on the left side-bar, the selections and odds in the middle and the "bet slip" displayed at the top of the right side-bar.
Odds are fixed at the time you place your bet, unlike horse racing where you can take a starting-price, so once a bet is confirmed you will know your potential returns.
Fixed-Odds bookmakers offer a multitude of markets on the Majors, PGA & European Tour Events along with other world tours. For Fixed-Odds betting, the three most popular markets to bet on are the Outright Winner, Two & Three-balls and the Place markets.
Tournament Outright Winner : Backing the winner of a golf tournament can be one of the most rewarding challenges in golf betting. Bookmakers quote odds for the whole field with odds typically ranging from 5/1 to 500/1; with winners often in triple-figures.
Bookmakers give the choice to back either "Win" or "Each-way" (win and place) with Each-way bets a good option when backing a player at a bigger price. The place terms for Each-way betting will be displayed on the winner market page - typically the number of places are the first 5 and the place odds are a 1/4 the win odds. Dead-heat rules will often apply to the places - see our betting calculator page for more details on how to calculate returns.
Place Betting Market : Sometimes you might want to back a player to perform well in a tournament without feeling they will win. Most bookmakers will offer odds on Top 5, 10 and 20 which can give you a good chance of a return on outsiders who might play well without contending.
BetVictor's Outright & Place Market
For the most part, bookmakers will derive their odds based on the win odds so this can create opportunities if you believe a player is more likely to place than their win odds would suggest (for example players who are consistent but have a poor win record)
2 & 3 Ball Betting Markets : Two and three-ball betting allows you to bet on players in the groups they play in a tournament. It's common to put together a number of players in multiples, giving the potential for bigger returns on your bets.
Ladbrokes' 3-ball market
Two and three-ball betting can make for an interesting challenge as you are betting on a one-round performance. Which can mean selections may not only be influenced by the relative merits of a player (course & form) but also player's tournament position (such as close to the cut, leading a tournament or coming off a high/low round)
Advantages Of Fixed-Odds
Plenty of Markets : Fixed-odds bookmakers have steadily increased their coverage of world tours to the point where they cover all the main world tours (including some of the 2nd and 3rd-tier feeder tours) Exchange and Spread betting companies are restricted by liquidity and interest to only the Euro and PGA Tour whereas Fixed-odds Bookmakers will price-up a wide range of tours.
Competitive Markets : With a wide choice of bookmakers, fixed odds betting allows you to "shop around" to get the best price. This can also mean getting improved place terms on Each-way bets and Money-back offers including Acca Insurance on 2/3-ball accumulators (see the golf page on Bookie Radar for the latest offers)
Back Multiples : Unlike Spread and Exchange betting where you can't combine selections on golf bets, fixed-odds betting allows for big returns from small stakes when you back accumulators. Not only can you back acca's for a day's 2 & 3 balls, you can also back a "transatlantic double" on the winner of the week's PGA and European tournaments with the chance of landing a big return.
Top bookmakers for golf betting
One of the best options for golf betting with the option to also bet on the exchange. New Betfair customers can get £100 of free bets in the sportsbook. Join Betfair Sports for up to £100 in Free Bets* >>
*New Customer offer. Place 5 x £10 or more bets to receive £20 in free bets. Repeat up to 5 times to receive maximum £100 bonus. Min odds 1/2 (1.5). Exchange bets excluded. T&Cs apply.
BetVictor are one of the most established names in bookmaking with a comprehensive range of betting on the latest golf tournaments. They also offer one of the most generous sign-up offers with a £30 of bonuses for your first £5 bet. Join BetVictor, Bet £5 and get £30 of Bonuses* >>
*New Customers only. Deposit and place a £5 qualifying bet at odds of 2.00 or greater within 7 days of opening a new account; excludes cashed out bets. Receive 2x £10 Free Sports Bets, valid on set events only (1 at odds 2.00 or greater), expires in 7 days, plus a £10 Casino Bonus, expires in 7 days. Wager the Casino Bonus 40x to withdraw winnings. Credit or Debit card only. Geographical Restrictions. T&Cs Apply.
888sport offer one of the best signup offers with their treble the odds promotion. Join and place your first bet with 888sport and get treble the odds on your selection. Join 888sport for Treble Odds on your first bet - paid as cash* >>
*Valid to new players only. Profit Boost Ticket [PBT] is equivalent to 200% on top of a winning bets profit. Real money bets only, max stake of £10. Free bets do not qualify. PBT bets cannot be ‘Cashed in’. PBT expires after 7 days and additional wins (up to £5000) credited as cash upon bet settlement. This offer may not be combined with any other offer. Withdrawal restrictions and T&Cs apply.