GOLF TRADING: How to place a back to lay golf trade on Betfair using cash out

I'm going to explain some simple back-to-lay bet strategy when trading the golf on Betfair, in a step by step golf trading guide. Trading the golf on Betfair can be very enjoyable whether it be from pre tournament on a longshot at high odds with potential for big swings, or as an in play or in running golf trade on some of the favourites. We can even build lay books and play as a bookmaker would when we get a bit more experience. It can also be quite lucrative, whilst lessening the variance that golf betting or each way golf betting brings in general

Step by step Betfair golf trading and cashout guide:

1. Login to Betfair, or create your betfair account here by clicking the link then "Join Now" button, if you are new to Betfair exchange betting and trading.

2. Find the golf betting markets on the menu bar and click into the specific tournament, and then "winner" page

3. Click the blue box, showing decimal odds, beside the player(s) name that you want to back, enter your stake, then click 'place bet'

Fig.1a shows Steps 1, 2 and 3 above in Betfair golf trading (on mobile device)

4. At any future point in the tournament the orange box showing the "cashout" feature can be clicked to trade your plays automatially, whether you have multiple or single players onside. You can trade out your current position at any time for both a profit if going well, or potentially minimise your losses if not.

Fig 1.b shows you the cashout button

Trading the guys i flag up as bets onsite can be a great alternative way to profit each week from golf betting, especially with place betting being so competitive now............ Create your Betfair account here to give it a try (click link)

The back to lay golf trade above was suggested in play or in running pre round 2 at the RSM Classic with the target of trading out ( or cashing out) between rounds 2 and the end of round 3. The odds as mentioned, and if you are not familiar, are in decimal format on the Betfair Exchange. Basically take 1 point off the number to get your fractional odds. EG: 26.00 is 25/1, or 4.00 is 3/1. The Blue boxes are the odds to back, showing the amount of money available, and the pink boxes are the odds to lay (bet against). The orange cash out button is the amount you can cash out for should you wish to trade out of the market at the current time.

You can see my full length golf trading strategy article here

Tags: Betfair golf trading, golf trading strategy, golf trading tips, how to trade golf on betfair using cashout

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Golf Player Profiles

Please note that player attribute ratings are derived from the official PGA Tour and European Tour golf stats, and updated with a rolling average each golf betting year for precision.

Bryan Nicholson is the pioneer of the progressive form and course fit ratings for golf betting, with the associated progressive form model and course fit profiling model. Bryan is the author of the increasingly popular annual course fit profiling manual and #1 golf betting book Angles & Edges and runs the Sharp Sports Bettors Blog.

What is expected Strokes Gained Course Fit ?

Bryan also pioneered the concept of Expected Strokes Gained Course Fit (xSGF) in golf betting. xSGF can be predicted using my model below. For prospective golf betting tips it projects ahead of time how many shots a player is expected to pick up per round on average on a particular golf course. It's weighed against a neutral golf course of the same rating. For example: Sam Horsfield at Celtic Manor vs TPC Southwind. This number will also portray ability level in terms of strokes gained total. Click "find out more" under the course fit golf betting model for info.

Golf Betting Tips Model

Note: all the most accurate up to date player and course data to input into this interactive golf betting model is in the NicsPicks Course Fit Manual 2022

My course fit profiling model for golf betting tips uses highly evolved golf nuance and betting intuition, precise parameters and inputs based on Bayesian analysis, plus years of empirical evidence through observing, betting and documenting golf and stats... find out more

What is Progressive Form in Golf Betting?

Progressive form in golf betting differs from current form in that players are showing a trend in the right direction in their recent scoring. Trending form has a high predictive value in golf betting and can also catch players under the radar at an inflated price vs their true betting odds. For example - a player shows form of T40 - 24 - 24, but last week he was in the leading PGA Tour group on Sunday with Tiger Woods and had a bad round due to nerves. His finishing position may not fully capture his actual form... See more with our calculators and betting tools

Progressive Form Golf Betting Model

To check the latest player finishing positions for golf betting tips see the official world golf rankings and search/click a golfer. Input these numbers into the interactive golf model above, following the guide.

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