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Although it is not April yet, the 2020 Masters tournament is scheduled to occur this week.
As a consequence of COVID-19, the event traditionally known as the inaugural major championship of every calendar year had to be rescheduled to November.
Many sports bettors, regardless of their level of golf knowledge, find great interest in placing bets on major championships.
While you may not possess a crystal ball to foresee the victor, it doesn’t imply that you cannot enjoy a triumphant weekend filled with live betting, props betting, or simply observing the golf tournament at Augusta National in Georgia.
This weekend’s Masters, airing on ESPN and CBS from Thursday to Sunday, comes with five valuable betting tips.
1. Know your betting options at the Masters
If you’re a novice in golf betting, you might assume that your only choice is to place a bet on the eventual winner.
That is absolutely false.
Although it is the most popular betting choice for golf, there exist numerous other wagering options for you to explore.
DraftKings Sportsbook currently has Bryson DeChambeau as the favorite with odds of +900 for betting on the winner.
In addition, you are not required to place a bet solely on him or any golfer to emerge as the winner. You have the option to place a wager on a top-5 finish, or even a top-10, top-20, and in certain cases, top-40 finish.
Another popular option is the use of matchups, where one golfer is pitted against another either for the entire tournament or a single round. This allows you to choose your preferred golfer and solely concentrate on the performance of those two players.
Let’s take the current tournament matchup available at FanDuel Sportsbook as an example: Phil Mickelson (+118) is pitted against Tiger Woods (-142). If you were to place a bet on Mickelson and he ends up beating Woods at the Masters, you would receive a payout of +118 for every $100 wagered.
In addition, you have the option to limit your selection of players by placing bets according to their nationality. DeChambeau, with odds of +600 at FanDuel, is the favored choice as the highest-ranking American finisher. Matsuyama, with odds of +125, holds the title of preferred Asian finisher. Jon Rahm, with odds of +270, stands as the top European player.
To put it differently, when it comes to betting on golf, there are numerous potential outcomes. The Masters is no different in this regard, thus leading us to tip number 2.
2. Golf props and live betting can be your friend
Lacking confidence in your familiarity with specific golfers? Perhaps considering tournament props can be a suitable choice for you.
At DraftKings, you can find a range of betting options such as “Will there be a hole in one?” with odds of Yes at -200 and No at +150. You can also bet on “Will there be a playoff?” with odds of Yes at +400 and No at -670. Additionally, betting on the winning margin is also available.
In its history, the Masters has witnessed 17 occasions where the winner was determined through a playoff. The most recent instance took place in 2017, when Sergio Garcia triumphed over Justin Rose to secure his first major victory.
In the past two years, the Masters tournament had incredibly close finishes, as Tiger Woods emerged victorious by a single stroke in 2019, followed by Patrick Reed’s triumph with a one-stroke victory in 2018.
During the tournament, one can also consider placing bets as the odds to win are constantly updated by oddsmakers after each round. Live betting and golf are a perfect combination, just like peas and carrots.
In-game bets will become accessible and their odds will vary throughout the tournament, once it commences. A few popular live bets could revolve around predicting whether Woods will achieve a birdie on hole 11, with corresponding odds for both affirmative and negative outcomes.
During the Masters, live betting options will be continuously updated and modified based on the progress of each stroke, hole, and day of play.
3. Keep an eye on the numbers
The dynamics of golf odds can rapidly fluctuate, and it’s important to note that each sportsbook offers unique odds.
Ensure that you obtain the optimal value for yourself when you have a strong inclination towards a bet.
Take Dustin Johnson as an illustration. He is considered a top contender for victory this week, however, the odds of him winning differ across various sportsbooks, ranging from +900 to +1100. This variance in payouts is quite significant. BetMGM offers +900 odds for Johnson, whereas both DeChambeau and Johnson are listed at +900 on PointsBet.
During the tournament, keep an eye out for golfers whose odds might decrease after the initial rounds and take advantage of that opportunity.
Do not hesitate to place your bets on a golfer lurking in the shadows, as the Masters tournament is never determined on Thursday or Friday.
4. Do your research ahead of the 2020 Masters
Avoid diving into betting on the Masters without any prior knowledge or research.
Although seeking input from others is valuable, it is essential to take a moment to understand the person you are considering investing your time in this weekend.
Remembering the website for the Official World Golf Rankings is highly recommended. This exceptional site not only displays the latest global rankings but also offers comprehensive information about individual golfers, including their performances throughout recent years.
While keeping track of current performance is crucial, it is equally important to consider a golfer’s track record in major championships, including their past performances at Augusta and other significant events. Major tournaments bring about heightened pressure, and it is wise not to wager on a player who has a history of buckling under such circumstances.
DeChambeau serves as an excellent illustration. Despite not achieving a top 20 position in any of his three Masters appearances, his major performance in 2020 has taken a striking turn due to his significant increase in muscle mass, aimed at enhancing his driving prowess.
After securing a fourth-place finish in the PGA Championship and clinching victory in the US Open, DeChambeau’s recent performance indicates a positive trajectory, heightening expectations for a formidable display at Augusta this week.
5. Mix things up and be patient
Don’t be surprised if you don’t receive a payout in a golf tournament if you only bet on the winner and nothing else.
Selecting a victor in the game of golf proves to be highly demanding.
To expand your payroll, opting for diverse betting strategies and placing multiple bets would be the recommended approach.
Identify the golfers you admire and have faith in, and consider focusing on placing bets on a select group of top-5 or top-10 players.
Include a low-risk bet for a matchup that you have a strong inclination towards.
If you notice a prop during the tournament that catches your attention, don’t hesitate to explore it. Some prop outcomes, such as the chances of a hole-in-one, can be fairly predictable. Additionally, live betting options will be available starting from the first swing on Thursday.
After placing your bets, refrain from panicking if things don’t go well initially. Remember, golf is a marathon, not a sprint.
If your golfer starts off slowly, avoid increasing your bets on other players to minimize risks.
Be patient. Augusta National Golf Club will challenge and expose the weaknesses of every golfer during this weekend. Additionally, it is important to always engage in responsible gambling.
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