..

What is the Payout on Tiger Woods Winning the 2019 Players Championship?

Written by:
Mary Montgomery
Published on:
Apr/16/2019

Tiger Woods is promising a payout of $80 for every $10 bet should he go on to win the 2019 PGA Championship this May 16-19.

CLAIM YOUR SIGNUP BONUS UP TO $1000 HERE

Woods stunned sportsbooks with his first majors win since the 2008 U.S. Open.  It was the biggest futures loss in the 20 year history of BetOnline.

By now you've all heard the stories.  Nearly a quarter of all futures bets were on Tiger.  FanDuel had to pay out more than $2 million.  William Hill took a $85000 bet on Tiger to win at 14-1 odds and now must pay out $1.2 million to that lucky gambler.  And after Dave Mason of BetOnline announced his company's record futures losses, the Westgate in Vegas confirmed they, too, had their biggest futures loss. 

Tiger Woods story is a remarkable one that is likely to result in this year's Players Championship being among the most wagered on ever.  Weeks ahead of the tournament, bookmakers report heavy action already.

Doctors say Woods knee troubles were likely linked to his back problems and cite the golfer’s resolve for his remarkable recovery from spinal fusion surgery.

“Knee injuries are often one of the first injuries we see in golfers,” Dr. Alpesh Patel, chief of orthopedic spine surgery at the Northwestern Memorial Hospital, in Chicago said. “Once their mechanics are off, then we’ll see back injuries secondarily. So, it’s not uncommon that in Tiger’s story we saw a chain link between one and the other.”

Despite the sob stories from sportsbooks, nobody needs to shed any tears.  A quarter of all futures props being paid out on Tiger simply means 75% of all remaining futures were on a loser.  We would be remiss in noting that the winning bets paid upwards of 18 times the initial amount wagered though.

His win also means an increased interest in betting on golf, and more futures wagers than ever will be placed on Woods.  The later is bad for the books should that number move beyond half the action, assuming he wins.  The odds of that happening are not particularly good. 

Below are the early 2019 PGA Championship odds and payout potentials.

PGA Championship odds, Bethpage Black, May 16-19

(Westgate SuperBook)

Tiger Woods 8/1 - Payout $80 for every $10 bet

Dustin Johnson 10/1

Rory McIlroy 12/1

Justin Thomas 12/1

Brooks Koepka 14/1

Rickie Fowler 18/1

Jon Rahm 18/1

Justin Rose 18/1

- Mary Montgomery, Gambling911.com

Sports News

Bet the Ducks Bruins Game Monday January 24:  Line Opens -275 Boston

Bet the Ducks Bruins Game Monday January 24: Line Opens -275 Boston

The line on the Anaheim Ducks vs. Boston Bruins game had Boston at -275 early.

Can I Bet Sports on the BetMGM App From Missouri?

Can I Bet Sports on the BetMGM App From Missouri?

The BetMGM app is not available from the state of Missouri at this time but there are other options, including BetUS, which offers a generous welcome bonus (max bonus $2500).

Where Can I Bet the Bills vs. Chiefs Game Online From Missouri?

Where Can I Bet the Bills vs. Chiefs Game Online From Missouri?

Kansas City has one of the most loyal fan bases for their beloved Chiefs, some ranking them among the top 5 in the nation.  Folks will be wanting to bet on the Bills-Chiefs Division Playoff game from the stadium, bars and from home.  But where?  The BetOnline website is accessible to those from the Show Me State

Can I Bet With the BetMGM App From South Carolina?

Can I Bet With the BetMGM App From South Carolina?

You are not able to bet with the BetMGM sportsbook app from the state of South Carolina, but there are alternatives.

When Will the DraftKings Sports Betting App Be Available in California?

When Will the DraftKings Sports Betting App Be Available in California?

Due to conflicts among the various tribal factions, the DraftKings sports betting app is unlikely to be available in California any time soon.  For now, residents and visitors alike can rely on established offshore sportsbooks, many of which have been in business since the late 1990's.  SportsBetting.ag is now celebrating its 25th year in business!!! 

Syndicate