Golf betting odds

One of the most recognizable sports around the world, golf is no stranger to stunning swings, frustrated stomps, and tournament upsets as its countless pros vie for pole position on any given course.

Of course, dark horse victories in the Masters and bottom-of-the-table comebacks in the Ryder Cup are certainly possible, and it’s all part of what makes golf odds so varied and unique. If there’s something you want to place a bet on, you can be sure there’s a golf betting market in Canada covering it.

Still, betting on golf isn’t as simple as putting a wager on your preferred player to win and calling it there. Instead, you’ll need to learn how to read Canadian golf odds and then make a plan for how best to spread your wager to max out your potential winnings.

So, with all that in mind, here’s how you can get started with golf betting in Canada.

How to read golf betting odds

Although golf odds in Canada are calculated in the same manner as those in the UK and Europe, rather than using a fractional system, Canadian odds are displayed in a decimal style format. 

Here, decimal odds show what you would win if you were to put down a $1 wager. Case and point, if Nick Taylor or Brooke Henderson had odds of 10.00 to win, for every $1 you put in, you’d win $10, for a profit of $9 – make sense?

However, understanding the decimal system is only part of reading golf odds in Canada, and you’ll absolutely want to pay attention to how high your odds are, as the bigger the number, the less likely the outcome is considered to be.

Popular golf betting markets

A sport dominated by personal skill rather than team dynamics, golf betting markets are quite varied in their betting options, allowing you to put money on everything from the number of holes a player will complete below par to which pro will be in the lead at the end of each day. Naturally, this can make choosing where to start tricky, so we’d suggest going with one of the following initially:

• Tournament winner – A bet on which player will win the tournament in question.
• Each-way bet – A bet where you choose a player to win, while also picking where they will end up placing in the rankings if they don’t.
• Top finish – A bet on which segment you think your chosen golfer will place in.
• Head-to-head – A bet that one player will do better than another, either in one round or for the whole tournament.
• First round leader – A bet on which player will be in the lead after the first day of play.

What are the most popular golf tournaments to bet on?

Despite there being countless different golfing competitions to bet on, if you want to follow the biggest names in the sport, then you should look to stick with the 4 major championships that take place each year.

Including the likes of the Masters, PGA Championship, the US Open, and more, here’s what you need to know about placing bets on these games so you can better inform your strategy ahead of time:

The Masters

One of the oldest and most prestigious golfing tournaments that takes place each year, the Masters is the competition to watch if you want to see the world’s best golfers face off against each other on the hardest courses from around the world.

Not to put too fine a point on it, but each scuffed swing and failed drive in the Masters comes at a price, with every single player looking to capitalize on these errors to stay ahead of the competition and take the lead.

The US Open

Considered the premier US golfing event of the season, the US Open is held in similarly high esteem to the Masters. However, this event is not limited to the top 50 golfers in the world and often sees top-tier amateurs making the cut to play alongside household names.

Like the Masters, the US Open is definitely one tournament to watch if you’re hoping to see the pros battle it out across hard routes and freshly clipped greens while betting on those more niche golf markets.

The Ryder Cup

The yearly showdown between the best US and European golfers, the Ryder Cup is the only team competition out of the 5 majors, meaning its betting markets may look a little different to those you’re already familiar with.

Naturally, all of the typical betting options will still be available for you to choose from, though these will be joined with Ryder Cup-specific alternatives, such as daily team leads, where you can decide which party is more likely to be in first by the end of each day of play.

The Open Championship

The official oldest golfing championship in history, the Open Championship takes place over 4 days and allows up to 156 golfers to compete at the same time on the hardest golf course that Scotland has to offer.

An elimination event in many regards, not every player will actually make it to the final two days of the competition, with only the 70 best golfers present being allowed to progress to the end for a chance to win the trophy.

The PGA Championship

Much like the Open Championship, the PGA Championship welcomes 156 golfers to the stage each year. But unlike other tournaments, those competing in the PGA Championship must be a previous tournament winner within the last few years.

Held exclusively in the US, the PGA Championship is again known for having tricky courses that truly test the skills of those who compete, and many of the best players have had hard times retaining their lead over the tournament full length.

Where can I find the latest golf odds?

Just like your local bookie, you can find the latest golf odds for every major tournament and more right here at Betway!

Dedicated to giving you the best golfing odds possible, we put ever ounce of consideration into our calculations and conclusions, helping you to stay informed of any likely outcomes and what potential twists might occur after play begins.

To get started betting, simply sign up or log into your Betway account, make sure you’re verified, and once you’re ready, you can browse through each of our main fixtures until you find one you like the look of. And don’t forget that you can also visit our exclusive blog for expert analysis, stats, and golf betting tips before all those feet hit the green!

Can I use the Betway app to bet on golf?

Whether you prefer pre-tournament bets or in-play action, the Betway Sports app lets you stay ahead of all the action! Download it now from the Play Store or the App Store today to enjoy live betting, real-time updates, and exclusive offers right at your fingertips.