19th Hole
Sportsbooks could see six-figure losses if Tiger Woods wins the Masters
Boatloads of cash are sailing into sportsbooks as golf fans wager on the 2018 Masters in general, and Tiger Woods in particular.
ESPN’s Doug Kezerian spoke with Jeff Sherman, golf oddsmaker at the Westgate Las Vegas SuperBook said.
“I can safely speak for most books that this is going to be the all-time highest-wagered Masters or any golf event in the history of our booking.”
Sherman said the book took plenty of bets on Woods at 100-1 odds back in August, and bettors continue to back Woods at his current 12-1 odds.
Given the volume of cash plowed behind the 14-time major champion, sportsbooks could be in for a very bad week, should TW win his fifth green jacket.
“He’s at least double our second-largest liability,” Sherman said, citing a potential six-figure loss and also reporting more tickets placed on Woods than any other golfer.”
Interestingly, Sherman thinks Woods’ odds should be closer to 18-1 but admits the 12-1 line is an attempt to manage liability.
So, while plenty in the country will be cheering Woods on this week, Las Vegas sportsbooks will be hoping for a second-place finish.
What about you, punting GolfWRX members? Have you wagered on Woods? Did you get in when he was 100-1? Is there enough meat on the bone at 12-1 for you?
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19th Hole
LET pro gives detailed financial breakdown of first week on tour…and the net result may shock you
On Friday morning, Ladies European Tour player, Hannah Gregg, took to social media to share her weekly expenses playing on the LET.
Expenses of my first week on Ladies European Tour:
Flights: $2600
Work Visa: $350
Food: $377
Caddie: $0 because I have an amazing Fiancé
Hotel: $0 because @GregChalmersPGA sorted me host housing for the week! ?
Rental Car: +0 because the Tour Tee guys GAVE me their car ??…— Hannah Gregg (@hannahbggg) April 26, 2024
“Expenses of my first week on Ladies European Tour: Flights: $2600 Work Visa: $350
- Food: $377
- Caddie: $0 because I have an amazing Fiancé
- Hotel: $0 because @GregChalmersPGA sorted me host housing for the week!
- Rental Car: +0 because the Tour Tee guys GAVE me their car
- Gas: $165
- Entry Fee: $130
- Lounge Pass for caddie: $50
- Gym: $0
- Yardage book: $0
- Total expenses: $3672
Made cut, finished 54th, total earned: $1244 Factor in 35% tax on earnings. To break even, needed to finish 24th. To make money, 21st. Guess we have our goals laid out for next event!”
When factoring in Gregg’s free housing, free caddie and free rental car, it’s evident that most LET players would have to finish well inside of the top-20 to make any money.
With ridiculous amounts of money being thrown around in professional golf these days, it’s important to remember the other side of the coin as well. There are countless professionals out there who struggle to get by on their golf salary.
More from the 19th Hole
- The wild reason why Mark Wahlberg was initially denied entry to an Australian golf club
- 2-time major champ announces shock retirement from the sport at age of 33
- Edoardo Molinari reveals the latest PGA Tour golfer to turn down ‘good offer’ from LIV Golf
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19th Hole
54-hole golf tour deemed eligible for OWGR points…but it’s not LIV
After a seventeen-month application process, a 54-hole golf tour was deemed eligible for OWGR points.
Unfortunately, for LIV Golf and their fans, it was the Clutch Pro Tour.
After the decision, which is effective immediately, OWGR chairman Peter Dawson issued a statement.
“This is a significant milestone for golf, and OWGR is deeply encouraged by the achievement and the continued efforts in developing the sport of golf in the United Kingdom.”
“We look forward to watching the progress of the Clutch Pro Tour as it continues to play a key role in the development of players from the region,” Dawson added.
OWGR Announcement
Read more here – https://t.co/7J4bFpawqv#OWGR#OfficialWorldGolfRanking pic.twitter.com/ZfBJWCFAm8— OWGR (@OWGRltd) April 25, 2024
The Clutch Pro Tour operates in the United Kingdom and features a 36-hole cut. It also has an open qualifying school.
More from the 19th Hole
- The wild reason why Mark Wahlberg was initially denied entry to an Australian golf club
- 2-time major champ announces shock retirement from the sport at age of 33
- Edoardo Molinari reveals the latest PGA Tour golfer to turn down ‘good offer’ from LIV Golf
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19th Hole
Charlie Woods attempting to qualify for spot at 2024 U.S. Open
As first reported by Bob Harig of Sports Illustrated, Charlie Woods will be attempting to qualify for this year’s U.S. Open at Pinehurst No. 2.
The first stage of qualifying for this year’s tournament will be an 18-hole local event on Thursday, April 25th, in Port St. Lucie, Florida.
There will be 84 players in the field, five of which will reach the 36-hole qualifier that will take place in June.
Earlier this season, Charlie attempted to qualify for the Cognizant Classic, and struggled, shooting an 86.
If the younger Woods is able to qualify, he will tee it up in the same field as his father in a few months at one of the more historic U.S. Open venues.
More from the 19th Hole
- The wild reason why Mark Wahlberg was initially denied entry to an Australian golf club
- 2-time major champ announces shock retirement from the sport at age of 33
- Edoardo Molinari reveals the latest PGA Tour golfer to turn down ‘good offer’ from LIV Golf
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