How to bet on golf in Oklahoma
With sports gambling continuing to rise up the hierarchy, placing wagers and betting on your favorite sports is as popular as ever. One such sport that has greatly benefited from this phenomenon is the game of golf.
With year-round tournaments, various waging options, and a dedicated fanbase eager to further their involvement in the sport, it should come as little surprise that golf has taken its sliver of a massive sports gambling pie.
With more states legalizing sports betting, golf’s popularity in the realm is expected to increase. For some states, however, sports betting still appears quite complicated on the surface.
The state of sports betting in Oklahoma
Home of several prominent sports programs across multiple different sports, the state of Oklahoma possesses a sports scene that is ripe for the pickings for sports bettors. However, state regulations have not yet been finalized.
According to most sports betting authorities Oklahoma online sports betting and its path to legalisation may be a long way away. With tribal gaming entities holding exclusive rights over the industry, legalizing it on a wider scale may prove to be quite challenging.
However, there are other options that Oklahoma residents can use to place wagers on their favorite sports. Popular platforms such as FanDuel, DraftKings, Underdog, and Prize Picks operate freely within state lines and have proven track records as reliable and secure.
Do these platforms have golf?
The quick answer to this question is a resounding yes. Each sports book presents its consumers with the option to place wagers on their favorite golfers and tournaments.
Types of wagers when betting on golf?
Before placing a wager of any kind on golf, it is important to understand what each of them represents. Here are a few different bets that players can place.
Outright bet: Similar to a money line bet, this type of wager prompts players to choose the golfer that they believe will win their respective tournament. If the golfer wins the tournament, you win a prize.
Place bets: Viewed more as a safety blanket, this type of wager doesn’t carry as high of stakes but is a good way to round out your parlay. Essentially, if there is a golfer that you think has a chance at a top five, top ten, or even top twenty finish, you can bet on it using this type of wager.
Matchups: Do you have a really strong gut feeling that Dustin Johnson will be defeated in the first round of the Masters by Justin Thomas? If you choose to place a wager on this outcome, you have just utilized a matchups bet. Sportsbooks utilize this type of wager to prompt players to choose who they think will emerge the victor over another in a given round or tournament at large.
3-balls: This type of bet is nearly identical to matchup bets. The primary difference lies in that instead of betting on a golfer to win a head-to-head matchup, you would be indicating that they could beat two other contestants in the tournament. These types of bets carry better odds but are higher risk.
Proposition (prop) bets: bets that are placed on specific moments or occurrences within a round or tournament.
Sports betting strategies
Different sports betting systems can be employed to improve your chances of winning. These systems are based on various strategies and principles, and some are more effective than others depending on the sport and the type of bet.
One such system is called the Martingale system. This popular method involves doubling a bet after a loss to recoup losses, resulting in a profit. While this sounds lucrative in theory, it is very easy to fall down the rabbit hole as it requires a significant bankroll and can result in significant losses if you endure a losing streak.
The Kelly Criterion is another popular system and formula that utilizes mathematical calculations to size a bet. It does this based on the perceived value of the bet and the size of your bankroll.
Other methods include the Parlay system, which involves combining multiple bets into one larger bet, leading to higher payouts but comes with higher stakes and risks, and the Flat Betting System, which is the practice of placing the same bet size on each bet to minimize losses and maximize long term profits.
The key to successful sports betting is to find a sports betting system that works best for you and to do so responsibly and with a disciplined approach to bankroll management and betting strategy.