Price of hole in one in a major?

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chelsea4me  #545  Mon, 21 Jul 08 08:58 PM
What is the average price for a hole in one to be hit in a major tounament? Is it worth having a bet on?
  
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shane1  #565  Mon, 21 Jul 08 11:09 PM
Ok, we can work this one out. According to another post here the odds are about 7500/1 of a hole in one.

Lets say the field for a tournament is 200. 200 play the first two rounds and then 100 make the cut and play 4 rounds. That makes a total of 600 rounds. There are 3 or 4 par threes on a course. Lets take 3 par threes for example. 600 x 3 = 1800.

7500/1800 = 4.16.

Bookies will never give you that price so I'm going to say 3.50.

Does that make any sense? I'll have a look at the next major and we can compare odds :)

All the best, Shane.
  
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chelsea4me  #599  Tue, 22 Jul 08 07:25 PM
Nice post Shane, I'll be watching the next hole-in-one betting in a major with interest.

That's what odds compilers do for a living mate.
  
chipaholic  #785  Mon, 04 Aug 08 10:17 AM
I think your 3.5 is a little too big. The market hasn't settled for the USPGA but by looking at Betfair I think it might be a little under 3.5.

Good effort though.
  
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