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Handicap betting

By Peter Dennis, USGA Assistant Director of Handicapping and Course Rating 

Four beginners gather at the No. 1 tee of their city's developmental "short" course. They've been playing for about a month and are beginning to feel comfortable enough to enjoy some of the game's competitive aspects. Just before the first player hits that first tee shot, one of them asks a question: "What is everybody's handicap?" 

The fact that each can answer with a bona fide number, and not some imaginary assessment of their ability, marks an important step for the USGA Handicap System. In the next few months, players at about 2000 developmental courses around the country can obtain short-course handicaps. With this new set of procedures, the USGA erases a long-standing gap in the handicap system that did not allow for handicaps at courses less than 3,000 yards. 

Short course construction has boomed in the United States in the recent years and shows few signs of slowing. Many players beginning the game take their first steps on these layouts, often through organizations receiving grants from the USGA's "For the Good of the Game" program. Others are affiliated with the First Tee - a program the USGA has backed with millions of dollars in contributions - which has the goal of establishing short courses and learning centers in major metropolitan areas around the U.S. 

State, regional, and local associations will administer short course rating and handicap procedures, just as with standard-length layouts. Many associations will spend the summer rating these courses preparing for the short course's formal introduction on Jan. 1. 

Short courses have been known by many names, but were never covered under the USGA Handicap System. Par-3 layouts, some "executive" and practice courses of less than nine holes fell outside the handicap system's mathematical boundaries. The computations of the rating system concentrate on courses greater than 3,000 yards for 18 holes. That meant beginners could not receive a handicap until they joined the mainstream. 

The short course system also solves the problem of how to address facilities not having a configuration of nine or 18 holes, another requirement of the handicap system. The short course procedure allows using any combination of holes. 

As with the USGA Handicap System for standard length course ratings, the game's best players provided the yardstick to calculate the formulas for short course ratings. The USGA studied how U.S. Amateur and Women's Amateur competitors played the shortest holes during stroke-play qualifying rounds. This study translated the USGA's standard-length rating knowledge to combinations of individual holes as short as a few dozen yards. 

The short course handicap cannot be applied to other layouts. That means the four players gathering on the No. 1 tee have an accurate sense of their ability for only that facility. By the time they progress to visiting other courses, they should have graduated to standard-length layouts and receive a handicap index that can be applied anywhere. In the meantime, they'll have the footing to mark their own development from their earliest steps in the game.

1x2 betting

Understanding margins can have an enormous impact on whether you have won or lost money at the end of the season. As 1×2 markets tend to be the most popular, this article shows you how to calculate margins on 1×2 odds.

The equation for calculating margins on 1×2 odds is quite simple:

Margin = (1/Home Odds) + (1/Away Odds) + (1/Draw Odds) – 1

Step One: The first step in calculating margins on 1×2 odds is to convert each 1×2 market into a “decimal chance of winning”. That’s the equation inside each set of brackets above: (1/Odds).

Example: For the first week of the Premier League, Pinnacle Sports offers Arsenal at 1.388* to win at the Emirates against Sunderland, who are offered at 9.870*, with the draw set at 5.050*.

For the home team, in this case Arsenal, the sum is (1/1.388) = 0.72 (which symbolises a 72% chance of winning), while the draw is (1/5.050) = 0.198 and underdog Sunderland is (1/9.870) = 0.10.

Step Two: Now simply substitute the numbers above into the rest of the formula to calculate the margin.

Example: Margin = (0.72) + (0.10) + (0.198) – 1. Therefore the margin is 0.018 – or 1.8%.

Calculate 1×2 Margins Automatically

The other way to do this is to use Pinnacle Sports’ Multi-Way Calculator that can quickly calculate this for you.

Open the calculator, select “1×2′s”, and enter the odds – 1.388, 9.870 and 5.050. The Calculator will then tell you that the “percent market” is 101.98% and the “theoretical hold” for the bookmaker (assuming balanced action in proportion to the odds) is 1.94%.

Pinnacle Sports publicises its margins as it the best odds online, and therefore has lower margins than its rivals. If more people understand that better margins allow them to win more, more customers will be attracted to Pinnacle Sports’ best-in-class odds.

1×2 Margin Comparisons

The same game has seen another popular bookmaker offer odds of Arsenal (1.36), Sunderland (6.5) and a draw (4.33). Using Pinnacle Sports’ Multi-Way Calculator, this works out to a huge margin of 12%, which is more than six times more expensive than Pinnacle Sports.

In practical terms, this means that if you placed a £100 bet on Sunderland to win on the 1×2 market you would have won £330.70 more playing with Pinnacle Sports than by placing the same bet with another major online bookmaker.

Everyone price shops to save money on petrol or car insurance, so why not for the best odds? By giving players better value than other sports books, Pinnacle Sports is the only choice for sharp bettors.

*Odds subject to change
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