- *Significant terms: New customers only, bet at least £20 on the Exchange and if your first bet loses, Betfair will refund you £20 in Cash. Bet must be placed in first 7 days of account opening. T&Cs apply.
We often get asked how trading on golf works and whether there’s scope for making a profit on the exchanges from golf – the simple answer is yes! The prices on offer on Betfair in particular can be incredibly attractive compared to the mainstream bookies, however it’s worth that you can’t back players each way in this type of betting.
Our example comes from the 2010 WGC Bridgestone Invitational eventually won by Hunter Mahan (for a more recent example click here). In our tips we suggested that Ryan Palmer was likely to have a good week – putting our money where our mouth is we backed him at various prices to give us a potential profit of £10,608 from a total outlay of £125:
With Palmer sharing the lead going into the final day there was opportunity to either give us a completely free bet or give us a guaranteed profit. Here’s how: