The MoneyMan explains the betting method applied to this past weekend’s British Open golf, that allowed over 100% return on investment.
Golf is a sport where the margins between the best are a lot smaller and the possibilities of the outcome more varied than the mismatches that often take place in two-team sports (rugby, soccer, NFL, NBA etc.). The odds on each individual are therefore a lot higher than your standard odds on many betting markets.
The British Open teed off this past weekend, and what I did (and usually do) is spread a lump sum of cash between a small field of players, with the hope that one will pay out.
On my Facebook page, The Money Man SA, I listed the 10 players I felt had a shot at victory and then spread R5000 between them evenly at R500 each.
With the R5000 initial “loss” in mind, I laid out the possible net profit to be made depending on which individual won. They rea as follows: