Golf Betting Newb Learns Valuable/Expensive Lesson

[Underdog5229]

Never bet golf before. Looking over some live lines on the WM Phoenix open. With no clue what I should be looking for, I found a nice looking +150 Matthew NeSmith to be leader after round 1. I think they were around the 12-13th hole when bet was placed.

I'm watching the scoring, feeling good where he ended round 1 at. Mark Hubbard sinks a birdie on the 18th to put both players in the #1 spot for co-leaders.

Me not knowing shit about golf betting, figured awesome, my guy is still in 1st and my ticket will cash.. Nice!!

Let's go checkout the payout... WTF is this "DHR -400" barely paying back my wager money .

So I go on a witch hunt, trying to figure out wtf DHR (dead heat rule) is and why the fuk it screwed my bet over.

Find some info online, realize this is a standard rule for golf when multiple golfer occupy the same spot in the standings.

After reading some horror stories about people getting half or less of the initial bet back, I called it good and was happy to make a couple dollars off of the damn bet.

Live and learn fellas. Moral of the story.... Know WTF you're betting on before you put the money down, or else you could end up like JJ, and not one mother fuker wants that so do your research.

Rant over.

[Jayvegas420]

If more than 2 players tied would you have lost money?

[Underdog5229]

If more than 2 players tied would you have lost money?

yes. The stake is divided by the number of players tied for whatever place you bet on.

so if 3 players tied for the lead, stake divided by 3.

[BeatTheJerk]

yes. The stake is divided by the number of players tied for whatever place you bet on.

so if 3 players tied for the lead, stake divided by 3.

Well regardless of how many times they divide your payout, you will not lose your risk amount stake correct on your wager. So essentially you don’t lose money, you just win less of your money with DHR.

[cincinnatikid513]

Well regardless of how many times they divide your payout, you will not lose your risk amount stake correct on your wager. So essentially you don’t lose money, you just win less of your money with DHR.

they cut ur stake by how many people tied, so since he tied with one other golfer let's say he bet 100 to win 150 he gets it down to 50 to win 75

[cincinnatikid513]

https://www.actionnetwork.com/golf/dead-heat-rules-golf-betting

[floridagolfer]

At one time or another many of us have done something like this. I think the moral of the story is, know what you're doing before you hit the "place bet" button.

[jjgold]

NEVER BET GOLF PERIOD

NO such thing as a favorite almost all golfer should be same odds daily matchups and or Tourney

[Jayvegas420]

they cut ur stake by how many people tied, so since he tied with one other golfer let's say he bet 100 to win 150 he gets it down to 50 to win 75

Dumb question how does a hundred dollar bet become a $50 bet without a refund?

[RudyRuetigger]

they cut ur stake by how many people tied, so since he tied with one other golfer let's say he bet 100 to win 150 he gets it down to 50 to win 75

Dumb question how does a hundred dollar bet become a $50 bet without a refund?

he worded that wrong (maybe the article does) but the same thing is true


either way you "win" 25

100 to win 125 instead of 100 to win 150



you would never lose money if your golfer tied for 1st (your WINNINGS are cut in half)


if 4 tie, youd get 112.50 (winnings cut in fourths)


if 5 tie, you get 110


and so on...never below 100

[BeatTheJerk]

Dumb question how does a hundred dollar bet become a $50 bet without a refund?

+2.

[RudyRuetigger]

your stake + (original payout divided by number tied) = your payout

[BeatTheJerk]

he worded that wrong (maybe the article does) but the same thing is true


either way you "win" 25

100 to win 125 instead of 100 to win 150



you would never lose money if your golfer tied for 1st (your WINNINGS are cut in half)


if 4 tie, youd get 112.50 (winnings cut in fourths)


if 5 tie, you get 110


and so on...never below 100

Yeah that’s what I thought, never experienced that situation before though.

[cincinnatikid513]

from bovada

10. The Dead Heat Rule: A rule where two winners tie when you have a multi-outcome prop or event. If Dead Heat is declared on any event, half the risk is added to the bet and the other half is lost. If more than two arrive at a Dead Heat, the risk is proportioned accordingly (this does not include sports like soccer, where you can wager on the draw or tie option).

[RudyRuetigger]

from bovada

10. The Dead Heat Rule: A rule where two winners tie when you have a multi-outcome prop or event. If Dead Heat is declared on any event, half the risk is added to the bet and the other half is lost. If more than two arrive at a Dead Heat, the risk is proportioned accordingly (this does not include sports like soccer, where you can wager on the draw or tie option).

that just doesnt make sense



the way i wrote it is way more logical



so if there are 5 leaders tied at the top, what do you think you should be paid with a bet of 100 at +150



100 risked + [winning amount (50) divided by players tied (5)]


100 + 10 = 110 return



what the fuk is your formula for the above?



do you not get 110 if 5 tied?

[Optional]

Dumb question how does a hundred dollar bet become a $50 bet without a refund?

Because half the bet lost. Not pushed.

[RudyRuetigger]

Because half the bet lost. Not pushed.

if 100 players tied my first round leader bet at a risk of 100, +150 odds (101 players total)


what do you think my payout should be?

[RudyRuetigger]

Because half the bet lost. Not pushed.

the bet didnt lose

[RudyRuetigger]

Never bet golf before. Looking over some live lines on the WM Phoenix open. With no clue what I should be looking for, I found a nice looking +150 Matthew NeSmith to be leader after round 1. I think they were around the 12-13th hole when bet was placed.

I'm watching the scoring, feeling good where he ended round 1 at. Mark Hubbard sinks a birdie on the 18th to put both players in the #1 spot for co-leaders.

Me not knowing shit about golf betting, figured awesome, my guy is still in 1st and my ticket will cash.. Nice!!

Let's go checkout the payout... WTF is this "DHR -400" barely paying back my wager money .

So I go on a witch hunt, trying to figure out wtf DHR (dead heat rule) is and why the fuk it screwed my bet over.

Find some info online, realize this is a standard rule for golf when multiple golfer occupy the same spot in the standings.

After reading some horror stories about people getting half or less of the initial bet back, I called it good and was happy to make a couple dollars off of the damn bet.

Live and learn fellas. Moral of the story.... Know WTF you're betting on before you put the money down, or else you could end up like JJ, and not one mother fuker wants that so do your research.

Rant over.

this is 100% false and if your book takes more than your risk, you should complain




in his scenario, he got $125..it should never drop below $100 if you tie for first

[RudyRuetigger]

if 2000 tie for first, you guys want me to pay more money than i risked, or what?


no


100 initial risked + [amount to win ($50) divided by the amount tied (2000)


= $100.025 return

[cincinnatikid513]

if 2000 tie for first, you guys want me to pay more money than i risked, or what?


no


100 initial risked + [amount to win ($50) divided by the amount tied (2000)


= $100.025 return

how do u not know what the dead heat rule is

if 2 tie and u have a 100 wager it gets cut in half to 50 if 4 tie it gets cut to 25 dollars



Tenth-place at the Charles Schwab also had dead-heat rules apply, but because there was only one spot available for four tied players, your stake would take an even bigger hit.
Justin Thomas to finish Top 10 before the tournament was around +200. Your stake would be cut by to 75%, with only the one spot available for four players.
So a $100 bet on Thomas becomes a $25 bet at +200. That means you profit $50 and you lose the other $75 originally wagered, resulting in a net loss of $25.

[cincinnatikid513]

that just doesnt make sense



the way i wrote it is way more logical



so if there are 5 leaders tied at the top, what do you think you should be paid with a bet of 100 at +150



100 risked + [winning amount (50) divided by players tied (5)]


100 + 10 = 110 return



what the fuk is your formula for the above?



do you not get 110 if 5 tied?

if 5 tied then 100 risk would go down to 20 dollars, at +150 ur 20 risk would get u back 30 dollars

[RudyRuetigger]

if 5 tied then 100 risk would go down to 20 dollars, at +150 ur 20 risk would get u back 30 dollars

so if 5 tied, you think you lose 70 dollars?


what if 40 tied?


id owe the book more money even though i beat 116 other golfers?

[cincinnatikid513]

rudy this is unacceptable u don't understand the dead heat rules


What are Dead Heat Rules?

Dead heat rules are the way in which the bookmakers settle dead heats and essentially they are the same at almost all bookmakers, for all sports and for all betting markets. Of course, there may be the odd exception but certainly all major UK bookmakers have rules that are virtually identical. Certain markets, for example rugby match odds or a boxing match, or others where a tie and/or draw are offered, cannot have a dead heat but in other markets, should your returns be less than you were expecting, a dead heat could well prove to be the explanation.
Dead heat returns are calculated by dividing the stake by the number of entrants involved in the tie. At its simplest this is very easy to understand, with a two-way dead heat for one place meaning that the stake is divided by two. Effectively your bet only half won, so fairly and simply only half of your stake wins. Assuming you bet £10 at 2/1, £5 of your stake would be lost, with £5 being paid out as normal at odds of 2/1 for a total return of £15 and an overall profit of £5. Had your bet narrowly edged out the other joint winner to be the sole victor the bet would have returned £30 for a profit of £20.

Things become ever so slightly more complex when there are more than two competitors involved in the dead heat. However, where the dead heat is just for one place, that of the winner, it remains quite simple to calculate. So, for example, if three dogs cross the line at exactly the same moment in greyhound racing and cannot be separated, the stake would be divided by three. Instead of a £10 win at 2/1 you would lose £6.67 of your £10 stake and see £3.33 settled at 2/1, meaning you would break even overall. Damn those other two dogs!

Just to be clear, as per the stated rules and examples above, it is your stake and not the odds that are changed by a dead heat. Whilst each way bets pay out at a fraction of the odds based on the full stake, dead heat winners pay out at full odds but only a fraction of the stake (with the remaining stake being settled as a losing bet).

[cincinnatikid513]

so if 5 tied, you think you lose 70 dollars?

yes at most books, some books pay out on ties, some books keep the stake the same and lower the odds each book has different rules but most books they cut the stakes by how many tied

[RudyRuetigger]

this is just comically wrong


there are 156 in a usual field


so i bet 100 at +150 1st round leader on my guy


all 156 tie for first


how much do i owe the book ????

[cincinnatikid513]

did u read the article rudy


How Is the Money Split?

At most sportsbooks, your stake will be cut by the number of tied golfers relative to the spots available. Some others will cut the odds. And there could be a big difference in money depending on the bet.
MGM doesn’t have dead-heat rules at all, and will pay ties in full. PointsBet cuts the odds. Most others cut the stake.

[RudyRuetigger]

rudy this is unacceptable u don't understand the dead heat rules

i hope the dead heat rule is a joke


id never bet 1st round leader but its moronic you guys think this way




answer me


2000 tie....on your $100 risked at +150


what do you get back?

[RudyRuetigger]

are you going to say what happens if 2000 tie for first?



what do you get back?


negative money?

[cincinnatikid513]

this is just comically wrong


there are 156 in a usual field


so i bet 100 at +150 1st round leader on my guy


all 156 tie for first


how much do i owe the book ????

ur 100 dollar bet gets divided by 156 then paid out on the 1.5 odds so u get back 96 cents

[cincinnatikid513]

Odds are cut, not the stake:

• PointsBet

Books where the stake is cut:

• DraftKings
• FanDuel
• SugarHouse
• Parx
• Caesars
• Bet365
• TheScore
• Golden Nugget

Bet365 will cut the odds, not the stake, for certain bets like first-round leaders.
FanDuel, on the other hand, will cut the stake for FRL bets.

[cincinnatikid513]

cmon rudy let's have some common sense do u think the books let's say 3 golfers tied for first after 1st round want to pay up on all 3 spots full stakes

[RudyRuetigger]

so in a tourney with 1 million participants, you bet your guy +150 at $100


2000 tie for first, including your guy



you think your stake + return should be 96 cents?



so you lose 99.04 dollars by picking the winner?

[RudyRuetigger]

cmon rudy let's have some common sense do u think the books let's say 3 golfers tied for first after 1st round want to pay up on all 3 spots full stakes

NO


you get what i posted above



any book not doing it this way is scamming

[cincinnatikid513]

rudy what happens when 2 horses tie for 1st place

are u trolling today jfc


Many bets can be subject to dead heat rules but we’ll start with a very simple example and the one where the rule was probably first applied. In a horse race, in the unlikely event of a dead heat – that is to say the horses cannot be separated even by a photo finish – dead heat rules will apply.
In effect, because both horses finished first they share first place between them. This means that half your stake is settled as a winner, whilst half is settled as a loss. If there are more than two horses involved in the dead heat then the bet is split proportionately, such that in a three way dead heat one third is settled as a winner and you lose two thirds of your original stake.