What Does +500 Mean in Golf Betting?

FILE - Xander Schauffele hits from the rough on the 18th hole during the final round of the PGA Championship golf tournament at the Valhalla Golf Club, Sunday, May 19, 2024, in Louisville, Ky. (AP Photo/Matt York, File
(AP Photo/Matt York)

Odds of +500 in golf betting indicate how much of a profit you can make on a $100 bet.

For example: If Xander Schauffele has odds of +500 to win the PGA Championship, Schauffele needs to win the tournament for the bet to hit. If the bet hits with a stake of $100, the payout is $600 (including stake).

At the BetMGM online sportsbook, you can see the potential payout by adding odds to your Bet Slip and inserting a stake.

Visit the BetMGM online sportsbook for updatedย golf betting odds each year. You can bet on tournament winner, round leader, and other odds for dozens of tournaments.

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Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.

Our BetMGM editors and authors are sports experts with a wealth of knowledge of the sports industry at all levels. Their coverage includes sports news, previews and predictions, fun facts, and betting.