Nov 9, 2016

Spread Betting on Golf

By Sean Crogie   Posted at  11/09/2016 01:38:00 PM   No comments

Spread Betting on golf is becoming very popular and you will often find trading markets on all European, PGA and Champions Tour tournaments as well as on the majority of Australian, Asian and LPGA Major events.

 

Spread betting on Finishing Positions and Leaderboard Index markets allow you to bet on where players will end up in the field – if you think Dustin Johnson will have an off week, you can bet against him with a spread bet.

 

You can even take advantage of golf markets that offer in-play betting while tournaments are taking place.

 

Or if you want to focus on the performance of certain players, place Match Bets, which means you can bet on how many shots one named player will beat or lose to another named player by.

 

For major tournaments you can trade on an extended selection of special markets, make sure you check out all the spread betting markets for the next Masters, Open Championship, US Open, USPGA or Ryder Cup tournaments.

 

 

How to place a golf spread bet

 

To place a bet, look at the prediction or spread on the market in question. If you think the outcome will be higher than our price, then you would buy on the spread. If you think the outcome will be lower than our price, then you would sell on the spread.

 

The more right you are the more you can win, but the opposite is the case if you get it wrong, as you may lose more than your initial stake.

 

 

Example Golf Spread Bet - Sell

 

You fancy Phil Mickelson's chances in the week's US Tour event and take a look at a golf spread betting Finishing Positions market.

The Finishing Positions market is based on where the player will finish at the end of the tournament so you sell Mickelson's price for $5 at 30 on a spread of 30-33.

McIlroy doesn't do as well as you thought and finishes 40th in the field meaning a loss of $50 ((30-40) x $5).

 

Example Golf Spread Bet - Buy

 

You think Phil Mickelson's will play well in the week's major and so take a look at a golf spread betting Leaderboard market.

The Leaderboard market is based on an 80-40-30-25-20-15-10-5 index (80 to winner, 40 runner-up etc.) so you buy Mickelson's price for $5 at 29 on a spread of 26-29.

Mickelson does indeed do well and ends up as runner-up in the tournament meaning a profit of $55 ((40-29) x $5).

 

Golf spread betting is exciting and you can really put your golf knowledge to work when trading. Many spread betting firms offer other sports and trading on stock, shares, indices and forex. You can compare Spread Betting and Forex Trading brokers and find the service to meet your style and requirements .

 

 

Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone so please ensure you fully understand the risks involved.

 

About Sean Crogie

Father of 3, #golf writer, full-time mail carrier, part-time @RideauViewGolf Turf Team #PJ20 fan, golfing nomad.
View all posts by: Sean Crogie

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