Last updated on July 11th, 2019 at 01:03 am
Golf fans already know the traditions after the end of the Masters. During the awarding ceremonies, the previous winner will put the green jacket on the new winner. Also, the dinner will focus on the winner as he dines with the members of the Augusta National Golf Club. In recent years, The Masters evolved into a major sports betting event.
As the dinner winds down and sports news reporters submit their stories, sportsbooks start accepting wagers on who will win next year’s Masters. As a result, an action for next year’s tournament begins as soon as one ends. Among the golf tournaments, The Masters gets the most bets.
With wagers opened all throughout the year, the total amount of bets on The Masters in Las Vegas alone will be double that of the British Open. It is also 20 times of a non-major golfing tournament placed at the best sports betting software.
Major Sports Betting Event
Most of the wagers placed on sports betting platform are on the player to win the tournament. In fact, matchups and prop bets are only around five percent of the total bets. Majority of the bets are on futures.
In addition, the average wager on the Masters is $50. Bettors try their luck on a pro golfer that’s 200-1 or 300-1 for $5 to $10. However, they are putting around $50 for someone with 30-1 odds, such as Jason Day. In fact, a $50 bet on Day at 30-1 odds will reap $1,500 profit if he wins the Masters.
Betting on Phil Mickelson or Tiger Woods to win the tournament is something you do when you are in Las Vegas any time of the year. It is like betting for your favorite basketball team to win the NBA Finals.
Bettors place wagers all throughout the year. However, serious action takes place around this time. Bettors don’t place big wagers on any player unless the tournament is near. They make sure the player is healthy and will be part of the Masters.
