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How to Maximise Your Golf Bets (Hint: Choose the Right Bookmaker)

Updated: Mar 22

In this blog, we explore the significant impact that a straightforward comparison of each-way odds and terms from two different bookmakers can have on the payout of your bet.


Given the inherent uncertainty in predicting tournament outcomes, savvy punters focus on extracting value to improve their odds. What's noteworthy is that the simple act of choosing the right bookmaker can substantially increase your returns on a single bet—sometimes by as much as 3% to 10%. Over a series of bets and time, this gradual increase in value can be the key factor between making a profit and coming up short.


At GolfTipsters, where we serve a community of over 300 members, providing the best bookmakers as the top choice for each tip, every week. 

Conversely, those who limit themselves to a single bookmaker or a narrow selection find their ROI could have been improved compared to their more diversified peers.


The strategy is clear: consistently opt for the bookmaker offering each tip's best value. This approach creates a cumulative effect that significantly enhances the overall profitability of your bets. The bottom line is that making informed choices in bookmaker selection can be a game-changer for those looking to optimise their profits.



How to get the best value for your golf bets

Let's break down the process of calculating effective value in a golf tournament scenario with 100 players, each having an equal chance of winning (1 in 100 or 99/1 in fractional format). Assuming you place a 1-point stake in every player, the table below illustrates the potential profit breakdown:



8 places @ 1/5

6 @ 1/4

7 @ 1/5

5 @ 1/4

6 @ 1/5

Payout for 1st place

61

63.5

61

63.5

61

2nd

10.5

13

10.5

13

10.5

3rd

10.5


10.5

13

10.5

4th

10.5

13

10.5

13

10.5

5th

10.5

13

10.5

13

10.5

6th

10.5

13

10.5

0

10.5

7th

10.5

0

10.5

0

0

8th

10.5

0

0

0

0

Total Profit

134.5

128.5

124

115.5

113.5


This simplified breakdown, while guaranteeing profit when placing one point on every player, differs from reality. Bookmakers are assured of making a profit regardless of the outcome due to their market margins, which typically average around 50% for golf.


Moreover, this counterintuitive result is influenced by the fact that golf events usually feature more than 100 players. For instance, in regular tour events with 156 players, a 100/1 bet with each-way terms of 1/5 odds paying seven places has an effective value of 124/1, representing a +24% increase.


In a more extensive field like the Masters with 90-100 players, the dynamics shift, and the effective value slightly drops to +22.56% for a 156/1 bet under the same terms. Similarly, in a World Golf Championship with a field of 78 players, the effective value increases to 97.6/1, signalling a +25.13% boost.



Conclusion

Each-way betting comes with notably favourable terms, but identifying the best value for the bets requires time and expertise. 


At GolfTipsters we simplify the complexities of each-way betting with real-time calculations to identify the best value tips. 

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