Betting Golf Majors Ultimate Strategy – Gain £370 Risk-Free Net Profit

betting golf majors, feature image
Estimated Reading Time: 12 minutes
Probably Many Of You Have Not Been Fully Aware of Potential Profit From Betting Golf Majors

Big Bookmakers Offer Massive Promotions As Well As Extra Places for Golf Major Tournaments i.e. Grand Slam. You Have Handsome Profit Opportunities from Betting Golf Majors By Combining Those Offers & Scalping Each Way Extra Places. I’ll Show Step By Step using Real Example of The US Masters.

Betting Golf Majors Strategy – Introduction

Firstly, many people automatically think Betting = Gambling. Big Misconception. We do bet but don’t count on luck. Instead, we do 6 Advantage Plays6 Advantage Play Feature Image based on mathematical edge to beat the bookies, casino & bingo.
matched betting for dummies, feature image When it comes to the Sports Betting, we use Matched Betting / Sports Arbitrage / Value Bets On Proven Tipsters to lock-in profit or consistently earn extra income for long-term. With that said, one of our policies is “Betting On Chance Is For Losers, Stop Gamble Betting But Bet on Only +EV To Win Reliably“. It is effectively our way to promote Responsible Gambling. And we strongly support GambleAwaregambleaware logo being explained in about us.

We would like our readers to exploit such reliable money making opportunities as many as possible. We employ various customized tactics to get maximum return from each offer. Sharing the Guide of Betting Golf Majors is one of them.

Works Internationally

BTW, Golf Majors are huge events that attract global attention. Although we use UK Bookmakers’ Offers in this document, as long as you reside in the jurisdiction where online gambling is permitted and you can access to similar bookies’ offer, the method introduced in this guide should work. Incidentally, we have issued How To Make Money From Offshore Sports Betting With 3 Advantage Plays.offshore sports betting, 3 advantage plays feature image In this document, you will find the specific methods that enable people from almost all countries to make the best use of the lucrative offshore advantage gambling opportunities you have overlooked. Very useful, worth your 10 minutes reading.

In Short, except 8 Countries (Cyprus, Poland, North Korea, United Arab Emirates, Singapore, Brunei, Cambodia) where on-line gamble is legally prohibited, all of you can make profit from matched betting, see the above report for full details.

BTW, all the bookmakers we list not only in this article but also in our entire site are needless to say legitimate and being regulated by UK Gambling Commission or prominent gaming control board such as International Association of Gaming Regulators (IAGR), North American Gaming Regulators Association (NAGRA) & Gaming Regulators European Forum (GREF) etc. So, basically they are remote from scum, fraud or any wrong doing. However, too much winnings could cause a big headache for everybody such as Bet365 over £1m payout Megan McCann court battle, so Be Modest, Just FYI.

Betting Golf Majors – Agenda

We cover following points in this guide;

Betting Golf Majors – What are Majors?

Golf Majors are effectively Golf Grand Slam. According to wiki, Men’s Major Golf Championships are;

The men’s major golf championships, commonly known as the Major Championships, and often referred to simply as the majors, are the four most prestigious annual tournaments in professional golf. In order of play date, they are:

wikipedia

betting golf majors, grand slam logo

These hot events give us advantage players excellent opportunities to earn extra cold money by making the best use of bookies juicy offers.

Although, grand slam is the best occasion that invites the most offers, yet there are several other golf big events represented by Ryder Cup where you can use the same approach we explain in this document. For the detail schedule of golf big tournaments, see PGA Tournament Schedule.

Betting Golf Majors Strategy – 3 Tactics To Make Profit

We use the following 3 tactics to maximize our profits from betting golf majors;

  • Matched Betting as the Underlying Method to Make Every Bet Almost Risk-Free
  • Pursue Different Bookies’ Offers as many as possible to Maximize The Potential Profit while Saving Costs & Liability at Betting Exchange
  • Scalp Golf Each Way Extra Place Offers to Hit The Jackpot Profits
So, let me start up with quick explanation of how 1. Matched Betting works. Then use 2018 US Masters as a real example to show how to maximize the profits via 2. & 3. with specific process especially for 3.

1. Matched Betting – Underlying Method For Risk-Free

If you’re already familiar with matched betting, just skip this section and jump to the next 2. Pursue Different Bookies’ Offers.

Matched Betting Recap

The basic method we use is a Matched Betting to make each betting almost risk-free. If you’re completely new to this concept, suggest take a look at Matched Betting For Dummies – 9 Essential Things You Should Know Before Staking Any Real Money.

So, let me quickly explain the process by using 1 of the US Masters Refund Offers – 188Bet;betting golf majors, 188bet offer188Bet Offer T&C says;

Place a bet on the winner of the 2018 US Masters tournament, taking place between Thursday 5th April 2018 and Sunday 8th April 2018 and if your player fails to make the cut we will refund your losing bet as cash, up to a maximum of €/£10. Promotion only applies to the first bet placed on the ‘Outright Winner’ market in the 2018 US Masters tournament. Cash amount credited is not subject to any rollover requirement.188Bet Masters Offer T&C

Usually, bookmakers refund in the form of Free Bet which you need to bet before withdrawal. But, this offers is in cash, which is good since you can withdraw immediately, thus higher value..

Brief Process

What we basically do are;

  • 2 transactions of Back (bet on win) £10 on Player A at 188Bet & Lay (bet on NOT win) appropriate £ (lay stake can be calculated by free software) on the same Player A at Betting Exchange like Betfair or SMarkets so that you cover all the outcomes.
  • Regardless of the outcome, your losing & winning will cancel out each other. In the real practice, usually, 2 bets are not perfectly offset due to the odds difference & exchange commission. Therefore you make a small loss called Qualifying Loss.
  • But if your player A Miss The Cut (means the player will be out usually at the end of the 2nd day due to his poor score, so he is no longer qualified to keep playing in the last 2 days), you get £10 refund in cash, which you can withdraw.
  • In summary, we have just 2 possible scenarios; 1. If your player plays well and move on to the free matched bet, starting guide 2 feature image3rd day (Not Miss The Cut), you will lose marginal qualifying loss. 2. If your player misses the cut, you get refund and your profit will be £10 minus marginal qualifying loss.
  • Success factor is how to minimize the qualifying loss by selecting the player whose odds gap (between 188Bet & Betting Exchange) is the narrowest. You can use Free Odds Matcher to locate such opportunities. For the full details of step by step process, take a look at Free Matched Bet Starting Guide (2) – The Best Sign-Up Tactics & Place Qualifying Bet. You will find William Hill sign-up bonus case as an example (you can lock-in profit for this offer because the free bet is 100% guarantee rather than conditional “Miss The Cut” of 188Bet offer).

Betting Exchange

As you see in the above process, betting exchange is essential.  Since there are several betting exchanges and in case you have not had the exchange account yet, suggest you go through the below Exchange Sign-Up Tactics. Click “+” mark to open the information;

Betting Exchange Sign-Up Tactics

Exchange Sign-Up

Firstly, matched betting is not only for UK & Ireland players but also for many international players. Some of you may say, we don’t have or access to Betfair. Don’t worry, seebetfair alternatives, post feature image Betfair Alternatives For People Who Can’t Access Or Seek Better Options, where you can find the solutions.

Overall Strategy

From purely cost perspective, you may prefer SMarkets mainly because of their lower commission of 2% compared with 5% of Betfair. However, Betfair is absolutely worth because ;

  • They do have not only exchange function but also serve bookmaker service called Betfair Sportsbook
  • They cover huge variety of market (not only sports but politics & financial markets etc.)
  • No. 1 liquidity that is very important factor for exchanges.

Let me emphasize that Betfair offer Sportsbook (exactly the same function as traditional bookmakers). Since Betfair is famous for Exchange, many newbies are initially confused. Importantly Betfair Sportsbook offer a lot of juicy promotions for matched bettors.

The Best Approach

With all that said, you may want to signup Betfair Sportsbook (usually Sportsbook’s welcome offer is more attractive than Exchange welcome offer), and exploit Sportsbook offers by using SMarkets as your key exchange. Remember, even you signup with Sportsbook, you can use Betfair Exchange any time. Therefore whenever you face constraint (such as lack of market or liquidity) in SMarkets you can use Betfair Exchange.

While you’re using Betfair Sportsbook, suggest don’t be obvious in Exchange. What does it mean obvious? Find out more about account restriction. Especially, never ever lay off at Betfair Exchange while backing the same event at Betfair Sportsbook. It’s exactly confessing you’re a matched bettor, then your account could be quickly gubbed. Anyhow, once your Betfair sportsbook is gubbed, it’s the time to start using its exchange function aggressively together with SMarkets.

Betfair Sports – The signup offer “Get £100 Free Bets” is probably the best offer, and you can take the same method as William Hill (bookmaker) which I use as the example to explain the sign-up process in Free Matched Bet Starting Guide (2) – How To Sign-Up & Place Qualifying Bet guide and the next Guide (3) – How To Extract Profit from Free Bet.Betfair Sportsbook Sign Up Offer Oct 2017

Betfair Exchange – Get £20 Risk Free Bet In case you prefer to signup with Exchange Welcome Offer of Getting 20 Risk Free Bet, surely it’s your choice. Then you need to see How To Extract Risk-Free Signup Offer for specific instruction. Betfair Exchange Signup Offer

SMarkets – 2% to all sports (apply to only net winnings). Get £10 Risk Free Bet Their signup offer is the same risk free bet as Betfair Exchange, therefore you need to see How To Extract Risk Free Signup Offer for specific instruction.

Additional Tactics

On top of the above sign-ups, let me add up the below 2 Exchanges, which will give you more options to lay in your matched betting. In fact, they regularly run interesting promotions you don’t want to miss.

Betdaq – 2% to all sports (they have reduced the commission from 5% since 26 Feb 2018, only multiples bet still 5%) (apply to only net winnings). Their sign-up promotion is £1,000 CashbackBetdaq 1K Cash Back Offer

Matchbook – 2 different rates, 1) 1.5% when you accept an existing offer in a market 2) 0.75% if you post an offer which another user then matches (these % apply to both winning & losing bet). The benefit is they run 0 Commission for All Horse Races periodically.Free Matched Bet Starting Guide (2) Matchbook Commission 0 for Horse Races Then, nothing is harmful if you register it and use it for the horse races when they run such promotion. In fact, I myself regularly find very competitive lay odds here. Their welcome offer is £50 Cash Back, please carefully read T&C before sign-up.

Latest Sign-Up Offer

All the betting exchanges change their sign-up offer periodically, therefore suggest you visit 4 Best Betting Exchange Sign-Up Offers with Cash Extraction ProcessBest Betting Exchange, Sign Up Offers Feature Image

0% Commission Opportunities

Besides, for existing customers, you may get 0% commission for Betfair, SMarkets & Matchbook periodically if you subscribe matched betting premium service such as Profit Accumulator or Oddsmonkey. Suggest you take a look at;

2. Pursue & Combine Different Bookies Offers to Maximize Potential Profit While Saving Costs & Liability

Pursue Good Value Offers As Many As Possible

As kept saying, you usually find massive offers from big bookmakers in big golf tournaments. The US Masters Tournament the first grand slam in the year does of course attract huge bookies attention. The followings are the offers we used on top of the 188Bet Refund we introduced before;

Price Boost

William Hill

Even bigger than a normal Bet Boost, we’re giving you 7 x Super Bet Boosts to use on The Masters Outright markets, placed as a Single, for stakes of up to £100.
betting golf majors, william hill super boost
In fact, it’s a tasty boost. As you see 11.00 odds to boost to 13.04, which actually create arbitrage condition (means lay bet is lower) and get an instant profit.

betting golf majors, william hill boosted betslip
Click The Image To Enlarge

Anyhow, for the detail instruction on how to use price boost, you can check Enhanced Bets / Odds Boost – The Best & Easiest Way To Lock-In Profit.

Profit Guaranteed Free Bet

Betstar

“Get a $/£/€10 Free Bet to use In-Play for the final day of the US Masters 2018, when you bet $/£/€20 In-Play on days one, two and three.”betting golf majors, betstar free betWe used a standard matched betting process of Qualifying Bet Placement & Extract Profit From Free Bet, which allow you to lock-in profits.

2nd (& 3rd or up to 5th) Refund

LeoVegas

We are giving you your stake back as a Free Bet if the golfer you back to win the Masters misses out on top spot but finishes 2nd-5th at Augusta this week!betting golf majors, tonybet offerIf you prefer to lock-in profit, the method is FREE Horse Betting Calculator To Lock-In 2nd (& 3rd) Place Refund Profits (the instruction uses Horse Racing, but it works more or less the same for Golf as well). Be noted, you should chose 5 Place Lay Market in Bet Exchange.

Boylesports

“We’re paying 7 Places each-way and giving a Free Bet if your selection finishes 2nd or 3rd (incl. ties). Pre-tournament only. Win singles only. Max refund £/€20.”betting golf majors, boylesports offer

Titan Bet & Winner (these 2 are clone)

“Place a pre-tournament bet on either a European Tour or PGA Tour Outright Winner market. If your golf outright bet finishes either 2nd or 3rd, you’ll receive the win part of your stake back as a free bet, up to £25.”betting golf majors, titanbet offer

138Bet

BONUS-BACK IF YOUR GOLFER FINISHES 2ND IN THE MASTERSbetting golf majors, 138bet offer

For the above offers, guide should be 6 Best Ways To Make Extra Money from Horse Betting 2nd Place Refund.

“Miss The Cut” Refund

188Bet

As shown before (in the matched betting recap section)

Mint Bet

Place a £20 bet before tournament starts if your selection misses the cut we will reward you with a £5 in play bet golf for the Sat/Sun.betting golf majors, mintbet offerUse a standard matched betting process of Qualifying Bet Placement & Extract Profit From Free Bet

Tiger Woods Refund

Tiger Woods returned and created a lot of buzz, there are a few refund offers triggered by his win.

Paddy Power

Money Back as a free bet on all losers if Tiger Woods win the Masters 2018. Outright bets only. Max free bet £10 per customer.
betting golf majors, paddy power offer
Betstar

Losing Outright Winner market stakes refunded as a free bet up to $/£/€20 if Tiger Woods wins the US Masters 2018.betting golf majors, betstar offerSunbet

” If Tiger Woods wins at Augusta, we will refund your losing outright winner bet for up to £/€20 as cash!”betting golf majors, sunbet offer

For all these offers, we also used a standard matched betting process of Qualifying Bet Placement & Extract Profit From Free Bet

Tournament Winner, 1st Round Leader or Top 5 Free Bet

Matchbook

“5% bonus on your winnings for every shot your golfer wins by”
betting golf majors, matchbook offer

Betway

“Place a pre-tournament Outright Winner bet on the US Masters, and if the player you back is the leader at the end of the First round, we’ll pay you out as a winner.”betting golf majors, betway offer

Genting

“Simply place £/€10 (£10 E/W) or more on the US Masters Outright Winner market and if your player is top 5 at the end of day one’s play, we will credited you with a £10 free bet.”betting golf majors, genting offer

Used the same guide for the Tiger Woods offer.

Note

Just in case you have not had the above bookmakers’ accounts, suggest don’t sign-up directly before checking the availability of Cashback Offer. Otherwise you may waste hundreds of £ risk-free cash. Make sure you check Betting Cashback Websites – The Ultimate Guide To Be Always Better Offbetting cashback, feature image, before opening any bookmakers’ account (the document shows you how to collect £2,500 cashback all together).

3. Scalp Golf Each Way Extra Place Offers to Hit The Jackpot Profits

E/W (Each Way) betting is the standard betting system in horse racing. So, just in case, you are not familiar with Each Way Betting, suggest you take a look at How To Make Profits from Extra Place Offers in Your Gubbed Account With Lay Calculator;
How To Make Profits from Extra Place Offers in Your Gubbed Account With Lay Calculator
, where you can see the full details.

However, very briefly, in E/W betting, you place the same amount of the stake both at Win (means 1st) & at Place (such as 1st – 4th etc) markets. Extra Places offer is the places that bookies give you in addition to their standard Place Numbers.

How Exactly Does Golf Extra Place Offer?

Let’s look at Paddy Power’s extra place offer;

” US MASTERS 2018 WE’RE PAYING 8 PLACES 1/5 odds for E/W bets. Applies to all Online, Mobile, Phone and Text bets. Dead heat rules apply. Applies from bets placed from 9am March 26th 2018.”
betting golf majors, paddy power extra place

Since Golf Tournament’s usual Place Number is 5, Paddy Power are giving you 3 additional places. Means, if your player finishes top 8, your placement will win.

How To Hit Jackpot from Extra Place Offers via Matched Betting

Let me quickly show you how it works as follows (the standard process is the same as what we explained before);

  • Back (bet on win ) on Player A at Paddy Power – as E/W (Each Way) Bet, means you back both in Win & Place Market (1st – 8th) automatically.
  • Lay (bet on NOT win) on the same Player A – you lay Win Market & Place Market (Exchange place is 1st – 5th) separately, means you place individual lay bet for each market.
  • Now, you cover all outcomes, therefore regardless of the outcome, your losing & winning will cancel out each other. In the real practice, usually, the back & lay bets are not perfectly offset due to the odds difference & exchange commission. Therefore you make a small loss called Qualifying Loss.
  • However, if your player finishes in the Extra Place, in this case 6 – 8th, you will win Both Paddy Power & Exchange in Place Market. This will bring you a juicy profit.
  • Success factor is how to minimize the qualifying loss by selecting the player whose odds gap (between Paddy Power & SMarkets) is the narrowest.

Extra Place Scalping

Although you can bet only a single player, what we apply is Scalping Method. It simply covers multiple players to increase the probability of hitting the extra place. For the full instruction, please visit Each Way Betting – 2 Advanced Methods To Ensure Your Extra Place Profiteach way betting, feature image

I’ll show you how I exactly used scalping technique & made profit in Masters later.

How To Find Extra Place

Many bookies provide extra place in such big tournament. You can check each bookmaker’s site individually, but the easiest way to find the Key Bookmakers’ offer & term is checking the Oddschecker Winner Outright Table. As seen from the below image, you will see the “Place Number” & “Place Term”;

betting golf majors, each way term
Click The Image To Enlarge

The standard place is 5, thus the bookmakers showing 6 or more numbers are the ones offering extra place(s). Place Term condition is either 4 or 5. 1/4 means your place odds is 1/4th of your horse’s Win market odds. So, needless to say 1/4 is better odds than 1/5.

The full list (42 Bookmakers) that offer extra place in 2018 Masters Tournament is;

  • 10 Places  (1/5 odds) : Coral / Sky Bet
  • 8 Places  (1/5 odds) : 10Bet / Bet365 / Betfair / Betway /  Netbet / Paddy Power / Sportnation
  • 7 Places  (1/5 odds) : 21Bet / Black Type / BoyleSports / Bruce Betting / Dabblebet / Dafabet / Genting / Mintbet / MyClubBetting / Toals / William Hill
  • 6 Places  (1/4 odds): 12Bet / 138Bet / 32Red Sport / 888sport / BetBright / BetEast / Betfred / Ladbrokes / Sportingbet / Totesport / Unibet
  • 6 Places (1/5 odds): 188Bet / Betbright / Betfred / BetVictor / bwin / Sportingbet / Titanbet / Totesport / Vernons / Winner

Betting Golf Majors – Process Of Maximizing Profits

Player Selection Tactics

As a fundamental principle of matched betting, we need to Minimize Qualifying Loss by selecting the tightest odds gap between bookmaker & exchange.

Use Oddschecker

You have to eventually compare those gaps for each player though, it’s logical to make preliminary selection by choosing the bookmaker that offer the best odds displayed in the above Oddschecker.

Use Betting Exchange (s) with Lower Commission Rate

You need to compare bookies odds shown in the Oddschecker with Lay Odds at Betting Exchange such as SMarkets & Matchbook. We prefer to use these exchanges rather than Betfair due to far lower commission. In fact, we have been enjoying 0% commission in both SMarkets & Matchbook at this moment in time thanks to the Oddsmonkey offer.

Oddsmonkey is a premium matched betting subscription service, if you’re interested, suggest go through our full review of Oddsmonkey Review 2018 – Full Inside Analysis Through The Founder Interview.

Anyhow, the lay market of SMarkets are like below – Win Market;

betting golf majors, smarkets lay oddsr
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And Place Market (you can change its background color based on your preference);

betting golf majors, smarkets place 5 place
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Keep Tracking

Since odds always change, what you can do is during the 3-4 days prior to Tee Off (Golf Tournament starts Thursday & lasts 4 days ending on Sunday), you regularly check the updated odds. Oddschecker indicate the trend of each player’s odds such as Pink: Drifting & Blue: Shortening. This may give you certain insight on when you place the bets.

Use Advanced Software

Oddsmonkey we said above, provide you with many excellent software which increase your matched betting efficiency & profitability. For extra place offer, we use Oddsmonkey Extra Place Matcher;

betting golf majors, oddsmonkey matcher
Click The Image To Enlarge

It’s an advanced software which capture the best opportunities (means minimum qualifying loss) of extra place offer. In the above example, the first 2 Betfair Sportsbook (Pat Perez & Francesco Molinari) shows even qualifying profits, but the lay stake will be big £2,000 due to extremely long back odds of 201. Some of you may want to avoid such big liability. 888Sports Rickie Fowler’s case is a quite common example. £10 Each Way Bet (means £20 stakes in total) creates £1.43 Qualifying Loss. If he hits extra place you will win £71.07, of which effective odds is 47, pretty good considering Fowler’s 26 win odds.

Final Player Selections – Spreadsheet

Don’t worry, even you don’t have such software, we prepared the Customized Extra Place Scalping Spreadsheet for you to calculate the lay stake & check the predicted profit / loss. In fact, even you use the advanced software to identify the best players, you can summarize all your choices in this spreadsheet which will give you a clear overall picture of your entire betting.

Scalping Spreadsheet

It looks like;

betting golf majors, spreadsheet sample
Click The Image To Enlarge

All you need to do is filling the info in Yellow part, then the rest are done by the calculator. You can see how much will the profit when you hit the extra place jackpot. The effective odds indication may help you if each bet is worth pursuing.

Anyhow, the below instruction is included in the spreadsheet for your convenience;

betting golf majors, spreadsheet instruction
Click The Image To Enlarge

Download

You can download it Free in the above Scalping & Dutching Extra Place document or GEM Matched Betting Spreadsheet Archive.

A Few Tips

How many players you want to cover is entirely up to you, but you need to consider;

  • The Effective Odds – the bigger, the better, if it’s smaller than win back odds it’s not a value opportunity, so try to avoid
  • The Total Qualifying Loss – the smaller, the better, if it’s bigger than the expected return when you hit the extra place, you may reconsider the whole selection (see more guide on this subject in Key Notes).

The final spreadsheet based on my selection is;

betting golf majors, spreadsheet final
Click The Image To Enlarge

The bookies with green color provide us with separate offer (means I combined the individual offer & extra place offer), red with the best odds among all the bookies, and purple with the largest extra place offer.

Key Notes

On top of the above tips, I took the following tactics;

  • I put higher priority on the bookies providing separate promotion, which allow us to combine the individual offer & extra place offer. It makes the whole bet more efficient & effective. Basically, no bookies allow to combine multiple promotions though, the extra place offer is usually not considered as the promotion. Therefore, you can receive the double benefits.
  • Needless to say, I allocated the bookie for appropriate player based on the nature of the offer. Means, favorites for the winner or 2nd refund offers, and less favorites players for miss the cut or larger extra place etc.
  • Then, try to take the best odds as many as possible by tracking odds constantly to capture the narrowest odds gap. Given the above tactics, Coral 10Places offer should apply lower rank player, but Dustin Johnson’s odds suddenly jumped from 9 to 13 (it went back within 5 minutes). Thus I grabbed immediately which eventually gave me a good jackpot. I understand that many of you are too busy to check continuously but suggest you do at least a few times a day, which will hugely increase the chance to grab the better odds.
  • As a rough guideline, you may not want the qualifying loss to exceed 10% (well, it must be the absolute maximum) of your total stakes although even 1 extra place jackpot usually makes up enough. In my case, £30.46 is a predicted qualifying loss against £230 E/W bet, means total stake is £460. So, 6.6%.
  • I covered 15 players. The total lay liability in the exchange was £400.68 in win market & £80.82 in place market that came from Henrik Stenson. The winner is only 1 in golf, No Tie 1 because play off determines a final winner. So regardless of the number of players you lay, the ceiling of the liability is the single highest one. For further details, see the next section.

The Technique To Reduce Exchange Commission & Liability

Many of the matched betting newbies worry about huge liability & commission at betting exchange when you bet on so many players at one time. But, don’t worry, as shown in the above spreadsheet, although we bet on 15 players with £230 back odds on quite long odds, the total liability is only £400.68, as briefly explained. minimize xxchange lay commission and liability

For full rationale & instruction on this technique, take a look at The Best Lay Betting Strategy To Reduce Exchange Commission & Liability

This time, we don’t need to worry about the exchange commission due to 0% comes from Oddsmonkey offer, but even 2% commission will affect a lot when you place big lay stake. So the above technique will be helpful (in any case when you do scalping like here, you can automatically use the technique), so suggest you spare a few minutes to go through it.

Betting Golf Majors US Masters – Final Results

Masters 2018 Final Leader Board

The final leader board shows;

betting golf majors, masters leaderboard
Click The Image To Enlarge

Deadheat Calculation

The green part is the player hitting extra place jackpot in the bookies with 6< place offer and the pink part is the one in 9< (actually 10) bookies.
T5 or T10 stands for Tie5 or Tie10, meaning there are multiple players ending 5th place or 10th place at the same score.
When it comes to the calculation of profit / loss (both back & lay), we use Dead Heat Rules under such condition.

Place Market – Back Winnings At Bookmaker

So, how should the winnings in Back Bet at Bookmaker be calculated under Dead Heat Rules? It changes only Stake Amount (reduced) and the odds & place terms are Not Affected. So, the formula to be;

Your Profit = (No. of Places Remaining / No. of Tied Players) X Stake X Place Odds

Let’s see T5 case. I bet £20 E/W on Rory Mcllroy at 12 odds in Genting that offer 7 Places 1/5. In this case,

  • 1st – 4th are determined and Genting Place offer is 7, so the No. Of Remaining Place is 7 – 4 = 3
  • No. Of Tied Players (means Involved in the Dead Heat) is 4
  • Stake is £20
  • Place Odds is (12 – 1) / 5 + 1 = 3.2
  • My Place Winnings = 3/4 x £20 x 3.2 = £48
Place Market – Lay Bet Loss at Betting Exchange

Then, what about the Lay Bet at betting exchange? We use the formula of;

Your Loss = [(Stake x No of Places Remaining / No of Tied Players) x (Odds – 1)] – [Stake x (No of Tied Players – No of Places Remaining) / No of Tied Players]

Again, let’s use the previous Rory Mcllroy case, which is £20 lay bet at 3.7 odds in Place market in SMarkets;

  • SMarkets place is 5 and the first 4 places are already decided. Means, the No. of Place Remaining is 5 – 4 = 1
  • No. of Tied Players is 4
  • Place Lay Odds is 3.7
  • So, The Loss = [(£20 x 1/4) x (3.7 – 1)] – [£20 x (4 – 1)/4] = £2

Unlike horse racing, golf usually results in a few dead heat. Therefore, suggest you understand how to calculate back win & lay loss.

Summary of Winnings

betting golf majors, golf ball

I will not show the detail calculation but just the net winnings (means after deducting qualifying loss) from each bookmaker;

Extra Place Jackpot

  • Genting Bet: £43.78 (Rory Mcllroy T5 – Shared by 4 Players 7 Places 1/5 Term,)
  • Winner: £38.89 (Bubba Watson T5 – Shared by 4 Players 6 Places 1/5 Term)
  • 188Bet: £39.32 (Henrik Stenson T5 – Shared by 4 Players 6 Places 1/5 Term
  • Coral: £22.33 (Dustin Jonson T10 – Shared by 2 Players 10 Places 1/5 Term)
  • Total Net Profits = £144.32

Individual Promotion

  • Betway:  £214.85 (Jordan Spieth the 1st round leader but finished 3rd, so won the win market both bookmaker & exchange and deducted qualifying loss)
  • William Hill: £12.3 (Arbitrage profits from 7 super boost odds during 4 days, of which bets were not included in the above table but separately placed )
  • Betstar: £5.6 (In-Play free bet final cash value)
  • Genting: £7.5 (Rory Mcllroy top 5 finished, qualifying loss was already deducted in the above extra place jackpot calculation & free bet final cash value)
  • All the other offers (Tournament Winner, 2nd, 3rd or up to 5th finishes, Tiger Woods Win, & Miss The Cut Refunds – couldn’t place at few bookies such as 138Bet due to the predicted unacceptable qualifying loss) failed and qualifying loss were deducted in the final calculation.
  • Total net profit: £240.25

Total Profit = £144.32 (Extra Place) + £240.25 (Individual Promotions) – £14.19 (Other Players’ Qualifying Loss) = £370.38

Betting Golf Majors – Conclusion

 

In comparison between Horse Racing & Golf Tournament;

  • From purely financial view point, Horse Racing could be better. Because the probability of Tied results is much smaller. You also need much fewer betting coverage – Horse Racing is around 15 runners while around 100 participated players in Golf Tournament. Means, if you cover top 30%, you need 30 players vs just 5 horses. Your cash will be stuck both in bookies & exchanges for entire 4 days for golf, whereas less than 30 minutes for horse racing.
  • However, you also need a bit of fun in the matched betting. All through the 4 days, you may get excited or feel a thrill whenever you check the leader board. Besides, as said before, you have enough time (3-4 days prior to tee off) for planning & constructing the scalping. It’s good for newbies to prepare & practice.

 

Well, in any case, for Major Golf Tournaments like Grand Slam and Big Horse Meetings such as Cheltenham / Grand National Festival, where massive promotions come out, you should take the approach explained in this document.

You can also do scalping more often in Golf PGA tours. And for Horse Racing, you can do it almost every day if you like to make online extra income regularly.

If you have any inquiry or need any help from us, please contact us anytimeGlobal Extra Money Contact (don’t worry, we will not charge you any fee, everything is free here).

Good Luck!!

Joshua Walker