November 28, 2022

What Are the curent PGA Championship Odds?

Best Betting Casinos

What Are the curent PGA Championship Odds?

Table of Contents

Are you looking for the latest PGA Championship odds? We can point you in the right direction! And that’s not all we’ll do. Because right here on this page, we’re going to discuss everything there is to know about this prestigious event.

We’ll tee off with a little history about this Major golf tournament, before explaining how to actually understand the PGA Championship odds. We’ll help you calculate your returns, reveal the most common betting lines and even walk you through how to place your first bet.

But before we do any of this, let’s talk about the best online bookmakers for golf betting in the USA. At these sportsbooks, you’ll find the very best PGA Championship odds and more besides.

Best PGA Championship Odds at US Sportsbooks

Check out any of the below sites if you’re searching for the current PGA Championship odds. Not only are they among the most competitive in terms of the prices offered, but you’ll also benefit from a range of tempting bonuses and promotions.

Better still, our expert team has verified each one to guarantee they are secure and correctly licensed. They also check dozens of other criteria, ensuring professional customer support staff, prompt payout times and a plentiful supply of golf betting lines.

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About the PGA Championship

Before we talk about the PGA Championship betting odds, let’s briefly learn a little about the tournament’s history. It is the third-oldest of golf’s four “Majors”, first played back in 1916. Historically, the event would take place in mid-August. But since 2019, the date has been moved to May.

It is conducted by the Professional Golfers’ Association of America. This organization is usually referred to as the PGA, hence the tournament’s name. Outside of the United States, it is often called the US PGA Championship.

The first tournament was held at Siwanoy Country Club in Bronxville, New York, although the venue has always moved around the country. $500 was the prize for Jim Barnes, who won the inaugural event in 1916. But these days, the winner can expect to pocket almost $3 million in prize money, along with the coveted Wanamaker Trophy.

Understanding PGA Championship Odds

Understanding PGA Championship Odds

Next on the agenda, we’ll take a look at the PGA Championship odds themselves. We’ll talk a little about how they’re put together and how they look around the world shortly. But first, let’s explain what these numbers mean when placing golf bets.

Whenever a golfer has a positive odds value, this indicates how much of a profit we’ll make when placing exactly $100. So if Rory McIlroy is priced at +800 to win the PGA Championship, we can immediately see that we’ll make $800. The total returns, therefore, would be $900, since the stake is returned on a winning bet.

You may also see golfers with negative odd values, especially on the 2-ball markets. This changes things slightly. A negative number shows the amount we must bet in order to make a profit of $100. So a price of -125 means a stake of $125 is needed for a $100 profit, making a total return of $225.

How are the PGA Championship Odds Compiled?

The USPGA Championship odds are put together by a team of golf experts. These compilers live and breathe the sport, watching every event around the world. They know who’s hot and who’s not and they can tell you which player performs the best in certain circumstances and at specific courses.

Golf compilers use their experience, along with statistical models, to assign a probability value to each golfer. These percentages are then converted to odds using a simple mathematical formula. When the bookmakers publish the PGA Championship odds and punters begin to bet, the market starts to firm up.

If a price is out of line, the betting public will soon pounce on the value. This forces the bookmakers to adjust their odds, lengthening others slightly as they trim the overpriced golfers.

Different Odds Formats

Golf Majors are popular across the globe. So it’s perfectly possible that you may come across PGA Championship betting odds in an unfamiliar betting format. That’s because the way prices are displayed is different around the world.

In the United Kingdom, for instance, they tend to prefer the older fractional system. In Europe, it’s more common to find decimal odds. While in parts of Asia, they all have their own systems which look like a combination of other odds display formats.

The top bookmakers in the US allow you to change your odds display to the format of your choice. You can see some examples of international odds in the below table. On this page you can learn more about how betting odds work around the world.

StakeAmericanDecimalFractionalMalayIndonesianHong Kong Return
$2+5006.005/1-0.205.005.00$12.00
$5+1502.506/4-0.671.501.50$12,50
$25-1251.804/50.80-1.250.80$45

Popular PGA Championship Betting Markets

Now that we fully understand the US PGA Championship odds, what can we actually bet on during the competition? In the following section, we’ll discuss some of the most popular betting lines for this popular Major.

Outright Winner

The most common way to bet on any golf tournament is the outright market. It’s an extremely accessible way for new bettors to get involved, since all you need to do is guess who’ll win. And what’s more, a single bet can be stretched out over several days, for maximum enjoyment.

Any number of the world’s best golfers has a chance to take down the title, but there can only be one winner. For that reason, you’re likely to find some extremely big prices among the outright market. Just another reason that helps to explain its popularity with golf bettors.

Example: Scottie Scheffler to win the PGA Championship @ +600

Futures

As with many other sports, it’s possible to bet on golf tournaments which are scheduled far into the future. Since it’s so hard to guess who will even play months and years from now, never mind who will win, the odds tend to be much bigger.

Some futures markets revolve around novelties, such as whether a young player will win a major in their career. Or whether an older player will come out of retirement or win another career tournament.

Example: Cameron Smith to win next year’s PGA Championship @ +1800

2-Balls and 3-Balls

Not everything in the golf betting world is about lifting trophies. The bookmakers create fictional match bets, by grouping certain players together. If there are two golfers paired up for such a bet, it’s known as a 2-ball. While a group of three is called a 3-ball.

For the purposes of such bets, all you need to do is guess which player will outperform those they’ve been paired with. They don’t need to win the event, or even play particularly well. They just need to do better than the other golfers in the group.

Example: Matt Fitzpatrick to beat Viktor Hovland @ -140

Top 20 Finish

With so many talented golfers lining up to play, it’s hard to lift the trophy. Many consistent golfers frequently finish high up the leaderboard without actually winning events. A good way to profit on such players is to back them in the Top 20 finish market. Alternatively, you could look at the Top 10 or Top 30 lines.

Here, as the name suggests, you’re looking for the golfer to end the tournament among the leaders. If they do win, that’s not a problem. But they only have to finish among the Top 20 for your bet to be successful. Although the prices on this market will not be as big as the main PGA Championship odds, they can still be lucrative.

Example: Sam Burns Top 20 Finish @ +180

Miss The Cut

All golf tournaments have a cut off time at which point the field is thinned out. Players who have started the tournament badly are eliminated, while those higher up the leaderboard are able to continue their hunt for the trophy.

It’s possible at most online betting sites to back a player to make or to miss the cut. This type of bet is great for those who don’t want to wait several days for their wagers to be settled.

Example: Tony Finau to miss the cut @ +300

Against the Field

“The Field” refers to every single golfer taking part in the tournament. So if you back a certain player “against the field”, you’re essentially betting on them to win the tournament. However, it’s possible to flip that market around.

By backing the field against your named golfer, you’re essentially saying this player will not win the tournament. Which opens up an interesting new way to look at the PGA Championship betting odds.

Example: The Field to beat Tom Kim @ -120

Betting on Other Golf Majors

In addition to PGA Championship odds, all of the country’s best golf betting sportsbooks take bets on other tournaments. Naturally, the Majors are the most popular betting events in the sport. Let’s learn a little more about them.

Masters

This is the opening Major of the golfing calendar, held in the first week of April each year at Augusta. Fields tend to be smaller than in the other Majors, since the Masters is an invitational event.

It was first held in 1934 and no player has more titles than Jack Nicklaus, who won six times between 1963 and 1986. Today, the winner stands to earn around $2.7 million.

US Open

The third Major, after the PGA Championship, is the US Open. Launched way back in 1895, the prestigious tournament was first won by Englishman Horace Rawlins. More recently, in 2022, Matt Fitzpatrick earned $3.15 million for lifting the trophy.

The US Open tours around the country and has previously been hosted by the likes of Pebble Beach, Torrey Pines and the Country Club at Brookline.

Open Championship

The oldest golf tournament in the world, The Open dates back to 1860. Originally held in Scotland, the competition now moves around the whole of the United Kingdom. St Andrews, Royal Liverpool and Royal Portush are just a few of the prestigious venues to have played host.

The Claret Jug is undoubtedly one of the most famous trophies in world sport. But the tournament winner can also expect to pocket around $2.5 million in prize money.

Live PGA Championship Odds

If you enjoy betting on golf tournaments which are already underway, then we have good news! Many online sportsbooks now offer live PGA Championship odds, including all of the brands named in this guide.

Live, or “in-play” betting makes up a significant proportion of a betting site’s business these days. Which is why so many sportsbooks now offer slick mobile betting sites and downloadable apps. If you’re at the course, in a bar or simply watching the event from your sofa, the convenience of reaching for your phone in order to bet is unmatched.

All of the usual markets you’d expect to see can be found on the live betting section of an online sportsbook. That includes the tournament outright market, 2- and 3-balls and even players to miss the cut. And the slower pace of a golf tournament, compared to other types of sports betting, makes it the ideal live betting medium.

Live PGA Championship Odds

PGA Championship Live Streams

If you’re not sure where to watch the tournament, many online bookmakers now offer live streams. All you need to do is to view their PGA Championship odds, place a bet and you’ll be given access to the live feed.

The coverage is on your device’s screen at the same time as the in-play betting odds. Which is an extremely convenient way to watch the action unfold, particularly if you want to place further live bets.

PGA Championship Live Streams

PGA Championship Betting Tips

If you’re already familiar with golf betting, perhaps you’re just looking for a few pointers to improve your results? In that case, you might appreciate these PGA Championship betting tips.

1. Put in the effort

Sadly, there are no shortcuts to the top in any business, and golf betting is no exception. You simply must study past tournaments and watch a lot of footage in order to learn which players are well suited to which courses and tournament conditions. It’s important to know who goes into the Championship in form and who doesn’t.

2. Bet as early as possible

When the bookmakers initially price up the PGA Championship odds, there’s always a chance they made a mistake. If they have, the savvy punters will gobble up the value quickly and the bookies will amend their error. The earlier you are prepared and know you want to back, the better the chance you have of capitalizing.

3. Observe the weather forecast

Another reason that preparing early can be useful is if the course is expecting unusual weather conditions. For instance, a stormy afternoon would hinder those golfers teeing off later in the day. But it wouldn’t have been possible to consider such factors when pricing up the initial PGA Championship odds. That means you might be able to spot value.

4. Open multiple betting accounts

Comparing the PGA Championship odds between as many bookmakers as possible is a must. There’s no justification for accepting a lower price with one company if a different sportsbook is offering better odds! Further, you can take advantage of signup bonuses to boost your golf betting bankroll.

5. Manage your activity carefully

Firstly, it’s important to set aside a dedicated betting bankroll. Playing with money that is required for bills or other essentials is never wise, as it will cloud your judgment. Secondly, you should split this into equally sized betting units, which will protect you against an unlucky run. And finally, check your betting history regularly, to identify and plug any holes in your strategy.

How to Bet on the Latest PGA Championship Odds

Okay, if you’ve made it this far through our guide to the USPGA Championship odds, you’re probably ready to start betting. But if you aren’t quite sure how to begin, the below guide will make things nice and easy for you.

1. Choose a sportsbook

There are dozens of online betting sites offering PGA Championship odds, but not all are trustworthy. Avoid rogue operators by sticking to our list of pre-selected, verified and trusted golf betting sites. Along with competitive odds, rewarding promotions and excellent support, each bookmaker is fully licensed.

2. Register an account

It’s standard practice for properly regulated bookies to ask you to open an account. Click the “Join” button to load the signup form and start filling in your details. Don’t worry though, this data is in safe hands. Our recommended sites employ the latest security technology to keep your personal information safe.

3. Confirm your bonus

All of our top-rated golf betting sportsbooks offer generous welcome bonuses to thank you for registering. But each one handles their offer in a different way. Double check the terms and conditions to make sure you don’t get left behind. You may need to enter a promo code when depositing or somewhere on the registration form.

4. Deposit some funds

Okay, you now have a fully functional sports betting account. But until you add some funds, there’s not much point checking out the PGA Championship odds. Put that right by opening up the cashier page, selecting your favorite banking option and making your initial real money deposit.

5. Place a bet

The final step is to place your first bet. Browse to the PGA Championship odds under the golf tab found on the sportsbook navigation menu. Click the name of a player or on their odds to add your pick to the betslip. You can add multiple golfers and place several bets at once. Enter a stake, choose your bet type and away you go!

FAQ

Is PGA Championship betting legal in the USA?

Sports betting is now legal in large parts of the United States, but it depends exactly where you are in the country. If sportsbooks are legally allowed to operate where you live, then you’re sure to find bookmakers offering US PGA Championship odds.

What are the latest PGA Championship odds?

In order to find the latest PGA Championship odds, check out any of the trusted golf betting sites found on this page. Not only will the odds be highly competitive, you’ll find a wide selection of the latest golf betting lines to choose from.

Which US sportsbooks have the best PGA Championship odds?

There are plenty of bookmakers in the United States offering PGA Championship odds these days. But those listed in this guide are among the best when it comes to offering generous prices.

Who is the PGA Championship favorite?

To view the latest US PGA Championship odds, check out the highly recommended golf betting sites listed on this page. The prices change frequently, so be sure to check back regularly.

How do I bet on the PGA Championship?

It couldn’t be easier to get started betting on the PGA Championship. Pick a sportsbook, register an account, make a deposit and browse the odds. You can find a more detailed guide elsewhere on this page.

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