The different types of golf bets are European Order of Merit, Group Betting, Making the Cut, and Outright among others. In the European Order of Merit method the bet is placed on an entire golf tour. This might take one whole year and one should place the bets only when they have enough money to spare. For example, you can bet on the forthcoming golf tour of your favorite player with a few thousand dollars. But that money will be inaccessible to you for almost a year. You can opt for this type of a bet only if you have sufficient money with you.

In the group betting method, you bet on a particular player belonging to a group of players, usually five players. If this player defeats all the other players then you win the bet. If he or she is defeated by even one of the other players, you lose the bet. For example, if you bet on golfer Matt Woods, who belongs to the group to which Sean Fields, Bobby West, Antonio Merck, and Tom Halter belong, you will win your bet only when Matt defeats each and every companion of his. If he wins over three of his rivals and is defeated by one of them, you will lose your bet.

In making the cut method, the bettors make a bet on the players who make a cut according to the bets placed on them. Usually the bets are placed more on star players. However the betting is restricted for these good players. For example, if Honey Underwood is a very good player of your area, you might want to bet on him. But there might be some restrictions on your betting on him. It might be much easier for you to bet on other players of lesser caliber.

In the Outright method you bet on a player of your choice for winning the tournament. Usually people do not bet on ordinary players in this betting method. They bet on big players who stand a very good chance of winning the game. You can bet on the top places that will be occupied by the players. Usually for the first five places it is ¼ th odds and for first six places it is 1/5 odds. If you are betting on a player with a proven track record, you can choose between a few places for him/her as you can be quite sure that he/she will occupy one of them.