Golf betting sites
Betting · Canada 
Golf is the long-odds sport. A full tournament field means even the favourite usually pays a long price, and an each-way bet lets you get paid when your player finishes near the top without winning. Here is how golf markets work, what each-way terms really pay, and which sportsbooks in our data list golf.
Key points
- Outright markets have many runners, so the built-in margin is higher than a two-way line.
- Each-way = two bets: win, plus place at a fraction of the odds (often 1/4 or 1/5).
- RBC Canadian Open 2026: Bud Cauley won at 263 (-17); the 2027 event runs June 9-13.
- Betway, PowerPlay and Wildz name golf on their published sports lists.
Sportsbooks for golf
The golf markets
A golf tournament has one winner and dozens of side bets around it.
- Outright winner. The headline market, priced as a long list of futures-style odds before round one.
- Each-way. Win plus place, explained below.
- Top 5, top 10, top 20. A straight bet on a finishing position band - shorter odds than the outright, no win part.
- Matchups. Two (or three) players head to head over a round or the event.
- Props. Hole-in-one in the tournament, winning score, first-round leader, nationality of the winner.
- Live golf. Odds move shot by shot across four days; some books suspend markets during play.
Each-way, worked through
Each-way is the bet golf was made for - and the one most often misread. You pay two stakes, not one.
Worked example
- Each-way bet
- 10 win + 10 place = 20 total
- Odds 21.0 (20/1), place terms 1/5 odds, 3 places
- Place odds = 1 + 20/5 = 5.0
- Player wins
- 210 + 50 = 260 returned
- Player places (2nd-3rd)
- 50 returned -> net +30
- Player finishes 4th+
- -20
Place terms decide the value. A book paying 1/4 odds to eight places beats one paying 1/5 to five places on the same price. Read the terms on each tournament. Check the decimal-to-fractional maths in the odds converter.
Why golf outrights cost more
Every runner carries a slice of the book's margin, so a full tournament field stacks a lot of margin into one market. Even a small illustrative field shows the pattern:
| Market (illustrative prices) | Overround | Margin |
|---|---|---|
| Two-way matchup at 1.909 / 1.909 | 104.76% | 4.55% |
| Four-runner market at 3.00 / 3.50 / 4.00 / 4.50 | 109.13% | 8.36% |
More runners means more stacked margin. That is why matchups and top-10 bets, with fewer outcomes, are often the sharper way to back a player. See bookmaker margin for the formula.
Golf in Canada
The RBC Canadian Open is the home PGA Tour stop, played at TPC Toronto at Osprey Valley in Caledon. Bud Cauley won the 2026 edition (June 11-14) at 263, 17 under; Ryan Fox won in 2025 at 18 under. The 2027 event runs June 9-13 on the same course - note Caledon is in Ontario, so the offers on this site are for players outside Ontario and Alberta.
Sportsbooks for golf
Golf is a niche on most Canadian-facing books. Three in our data name it on their published sports list:
| Sportsbook | Golf listed | Live betting | Cash out | Bet builder |
|---|---|---|---|---|
| Betway | Yes | Yes | Yes | Yes |
| PowerPlay | Yes | Yes | Yes | Yes |
| Wildz | Yes | Yes | Not listed | Not listed |
Big books such as bet365 and 20Bet carry 30 or more sports, but our records do not list golf by name for them - check the sportsbook menu before you deposit. Free-bet welcome offers can work well on golf's long prices: a free bet keeps more of its face value at high odds because the stake is not returned.
How much more? With the stake not returned, a free bet keeps about 31.8% of its face value at odds of 1.50, 47.7% at 2.00, 76.4% at 5.00 and 85.9% at 10.00, assuming a market with a 4.55% margin (our calculation). Golf outrights sit well above 10.00 for most of the field, so this is the sport where a free bet works hardest.
Golf in parlays
Linking several outrights multiplies long odds into silly numbers - and multiplies the margin with them. Run the maths in the parlay calculator first, and read parlays explained. For another sport priced as a long field of runners, see the motorsport page.
Before you bet
These books are licensed outside Canada and serve players outside Ontario and Alberta; provincial self-exclusion does not reach them, so set limits in each account. 19+. Help: responsible gambling.
Questions players ask
What does each-way mean in golf?
Two equal bets: one on the player to win, one on the player to finish in the paid places at a fraction of the win odds. Place terms (fraction and number of places) differ by book and event.
Are dead heats common in golf betting?
Yes, ties for a paid place are common. Books apply dead-heat rules that split the stake across the tied positions, which reduces the payout. Check each book's rule.
What is a golf matchup bet?
A head-to-head: you pick which of two players posts the better score over a round or the tournament. Some books void the bet if both tie, others offer the tie as a third outcome.