How to Play Golf Props?

Each week, if the PGA Tour holds a stroke play tournament, CoinRoster posts fantasy contests in our Fantasy Golf category and betting pools for that tournament in our Golf Props category. The golf prop bets that we post are parimutuel pools on various tournament outcomes such as the tournament winner, which top players will make the cut, and a pool on whether there will be a playoff. There are a number of different pools that are posted for the entire tournament and also for each day of the tournament.

Parimutuel pools will be labelled as such. Users unfamiliar with parimutuel pools should click here to read a post on how they work.

Parimutuel pools will only go “in-play” if more than 1 user places wagers in that pool. If only 1 user places a bet in a parimutuel pool by the registration deadline, bets made by that user will be returned.

To place a bet in a golf prop parimutuel pool, click on the Golf Props category, then choose a contest and make a wager in that contest. You can view the amount of wagers in a contest by clicking the Contest Details link on the contest’s page.

Many of our Golf Prop parimutuel pools also have a progressive feature. A parimutuel progressive accumulates when no bets are made on the the winning outcome. If that happens, the pool is raked and the remaining amount gets added to the progressive  and put up for grabs in the next related event.

For example, say more than 1 user bets in a parimutuel pool for which golfer will win the tournament. Then it turns out that one of the players without any bets placed on them wins the tournament. So no user has bet on the winning outcome. The amount in the pool minus the rake is then put up for grabs in next week’s pool. This way, users don’t loose the entire pool when volume is shallow.

What is a Parimutuel Pool?

A Parimutuel Pool is a betting system in which all bets of particular outcomes are placed together in a pool; house rake is removed, and payoff odds are calculated by sharing the pool among all winning bets in proportion to the amount wagered.

Parimutuel betting is often used in gambling on sporting events of relatively short duration in which participants finish in a ranked order and is often used with horse races. Parimutuel betting differs from fixed odd betting in how the final payout is determined. With fixed odds betting, the payout is determined at the time the wager is made, whereas with parimutuel betting the payout is only determined after betting has ended.  Parimutuel betting is unique in that gamblers are betting against other gamblers and not the house.

Example of Parimutuel Betting

Consider a hypothetical event, which has eight possible outcomes.  Each outcome has a certain amount of money wagered:

1 $60
2 $140
3 $24
4 $110
5 $220
6 $94
7 $300
8 $80

Thus, the total pool of money on the event is $1028. Following the start of the event, no more wagers are accepted. The event is decided and the winning outcome is determined to be Outcome 4 with $110 wagered. The payout is now calculated. First the commission for the wagering company is deducted from the pool; for example, with CoinRoster’s house rake of 5% the calculation is: $1028 × 0.05 = $51.40. This leaves a remaining amount of $976.60 in the pool. This remaining amount in the pool is now distributed to those who wagered on the winning outcome Outcome 4: $976.60 / $110.00 = 8.87 ≈ $8.87 per $1 wagered. This payout includes the $1 wagered plus an additional $7.87 profit. Thus, the odds on Outcome 4 are 7.87-to-1.

The most important aspect of parimutuel betting to remember is the odds displayed before as bets are being accepted are the odds according to what is in the pool at that moment. As users make bets, the odds for each outcome will change according to which outcomes are being bet on. So its to the bettor’s advantage to wait until a time close to the entry deadline to place bets. This way, bettors can use the most up to date information to decide on which outcome might give them the best value based on the odds implied by the pool.

Dell Matchplay Betting Odds

This week the PGA Tour hosts a matchplay tournament with round robin matches starting on Wednesday this week, earlier than usual. Golf Channel will be also hosting a drawing show on Monday night. Click Here for a good description of the event provided by Golf Channel.

There is a betting pool on CoinRoster on who will win this week. Rory & DJ are the favorites at 10/1, but since the Dell Matchplay is a WGC event with a large purse, almost all of the world’s top players will tee off. Click here to view odds and bet on the Dell Matchplay.

If you want to play a bracket challenge in golf’s own version of March Madness, the PGA Tour has posted a bracket challenge. Click Here to view it.

Valspar Championship Betting Odds

The Florida swing continues as the PGA Tour stops this week for the Valspar Championship at Innisbrook. Early favorites include DJ @ 6.5 and Jason Day & John Rahm both at 12.00.  CoinRoster has a several fantasy pools posted this week, click here to view our fantasy contests.

The First Look: Valspar Championship

Dustin Johnson and Jon Rahm prepare to take on the “Snake Pit” of Innisbrook Resort’s Copperhead course for the first time, while Jason Day returns for the first time since 2013 as the reconfigured Florida Swing comes to a strong conclusion. Paul Casey is back to defend the title he captured last…

 

Players Championship Betting Odds

This week is the Players Championship on the PGA Tour, and you know it’s a big tournament when Golf Channel is doing extended coverage with their “Live At the…” news desk on site. All the world’s top golfers are teeing up this week including Tiger Woods.

Click Here to view our fantasy contests this week.

The favorites to win the 2019 Players Championship are Dustin Johnson & Rory McIlroy who are each posted at 13/1. World #1 Justin Rose is price in CoinRoster fantasy pools at $3,000 but he’s the 4th or 5th most likely to win according to bookmaker’s. Whereas after a good showing last week, Charles Howell and Lucas Glover are two players who have strong odds to win the tournament but are mid-priced in CoinRoster’s fantasy pools.

The First Look: THE PLAYERS Championship

Reigning FedExCup champion Justin Rose and defending THE PLAYERS champion Webb Simpson top the marquee as the PGA TOUR’s flagship event moves back into its original March slot, ready to take on a TPC Sawgrass likely to show a different side than entrants have become used to seeing in recent years.

Honda Classic Fantasy Golf PGA Tour

This week on the PGA Tour is the Honda Classic where Justin Thomas is defending champion. He’s joined by Brooks Koepka & Rickie Fowler who all live nearby (home course advantage?). Luke List, who lost a playoff to Thomas a year ago, is back as he continues to pursue his first PGA Tour victory. Several Europeans are playing The Honda Classic before making the trip to TPC Sawgrass in two weeks, including Alex Noren, who finished one shot out of last year’s Honda playoff.

Click Here to view this week’s field of fantasy contests.

The First Look: The Honda Classic

Brooks Koepka, Rickie Fowler and defending champion Justin Thomas – all of whom live minutes from PGA National Resort & Spa – top the marquee at The Honda Classic, which kicks off the PGA TOUR’s revamped Sunshine State schedule. Luke List, who lost a playoff to Thomas a year ago, is back as he continues to pursue his first TOUR victory.

AT&T Pebble Beach Pro-Am Fantasy Golf This Week

This week the PGA Tour stops at historic Pebble Beach. Dustin Johnson will tee up this as the tournament favorite after winning last week in Saudi Arabia. CoinRoster has fantasy golf available as well as a fixed odds betting market on the tournament winner.

Click Here to view our fantasy golf contests.

Click Here to view tournament winner betting odds.

The First Look: AT&T Pebble Beach Pro-Am

Dustin Johnson and Phil Mickelson, owners of six Pebble Beach titles between them, seek to add to their totals as they top the marquee along with a resurgent Matt Kuchar and defending champion Ted Potter Jr. Jason Day, who shared runner-up honors last year alongside Mickelson and Johnson, also is…

Weekly Golf Fantasy and Betting Odds

This week, the PGA Tour hosts the Waste Management Phoenix Open, while other top players are teeing off at the Saudi International. Top players in Phoenix include Jon Rahm, Justin Thomas, and Phil Mickelson. While Bryson DeChambeau, Justin Rose, and Dustin Johnson will play in Saudi Arabia. Tiger Woods will take two weeks off before playing again at Riviera.

Saudi International Odds

Phoenix Open Odds

https://www.pgatour.com/the-first-look/2019/01/25/preview-tv-times-radio-times-field-course-2019-waste-management-phoenix-open.html

Junior Web Developer – Back End

CoinRoster is a bitcoin fantasy sports startup, and we’re searching for a Junior Web Developer to join our team.

This is a part time job most suitable for an undergrad currently enrolled at an Ontario university computer science program. The applicant must demonstrate their ability to work with java, MySQL, and JavaScript by completing a short coding challenge we will provide.

Candidates must have an interest in fantasy sports, and/or sports betting, and/or finance.

About CoinRoster:

CoinRoster is an innovative fantasy sports site. Our management style is focused on meeting the goals of CoinRoster, while also providing our team with an environment where they can learn and grow. CoinRoster is backed by an enthusiastic group of entrepreneurs that will support your professional growth.

Who We’re Looking For:

As a Junior Developer, you’ll work with a Project Manager to outline the scope of your coding projects, create a timeline for development, and to review your work. You can code using any development environment (such as Eclipse) that you prefer. We use GitHub and Slack for our code repos, issue tracking, and project management.

Specifically, the successful candidate will be improving the stability of CoinRoster by writing Java. This job is valuable for for an undergrad who wants to gain experience with a development team and test their skills in the real world.

If you can code using Java and/or Nodejs and MySQL and provide some examples of your work, we’d love to conduct an in-person interview to determine whether you’re the right fit for our team.

How to Apply:

This position is most suitable as a part time position for an Ontario university student, but anyone is welcome to apply. Send your resume to management@coinroster.com if you are interested in joining our team.