Tag: golf trips

Pari-mutuels for Betting on Golf Trips is a Winning Strategy

Golf handicaps allow golfers of different skill levels to compete together on a relatively equal playing field, which is part of what makes golf so special.  Traveling on group trips and setting up games where everyone feels like they have a chance to compete can be so much fun for the golfers.  Whether the format changes daily, involves a team aspect, or the players play multiple courses or rounds daily, giving people the opportunity to wager and predict outcomes ups the fun factor exponentially.  But trying to generate starting odds based on either handicap or past performance, or worse, trying to offer fixed odds and risking payouts you might not be able to fund is most likely a waste of time and not worth it.  Especially when pari-mutuels and prop bets based on pari-mutuel calculations deliver just as much fun for your participants without such an effort to set starting odds.

Pari-mutuel (literally meaning mutual stake) differs from fixed-odds betting in that the final payouts are not determined until the betting pool closes. 
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