2023 Honda Classic Betting Preview

The options in the PGA betting markets are wide, and while there are several ways to attack those markets, outright bets (or picks to win the tournament outright) are going to be a large part of the key focus in this article. The theory is that outrights, being low-probability events, are harder for books to price efficiently.

You can also reference my PGA Betting Model, which features each golfers projected odds and implied percentages for positional finishes as well as their projected odds to win and make the cut. 

Another week, another Jon Rahm victory last week. This guy continues to make the faders (me included) look silly, as he is playing some of the most insane golf we have seen in recent memory. Now, we start the Florida swing as we head to the Honda Classic, where we will see some difficult golf being played at one of the tougher courses on tour, PGA National. 

Here are the golfers with the top 30 best odds to win this week across a handful of books:

A strategy I often take is to generally avoid the top of the board when it comes to outright bets. I will rarely place bets on golfers with sub 10-1 (or +1000) odds. That strategy has really hurt me the last few weeks as Jon Rahm continues to dominate these fields, but with a weaker field, I will almost certainly go back to that strategy again despite Sungjae Im grading out as the best golfer in this field by a fair margin. 

Another strategy I enjoy using in betting outrights is one I like to call a tier system. By assigning golfers to different tiers based on their odds, you can adjust your unit size to account for the odds getting higher as you go down in tiers. For example, if I want to have one unit in play on outrights, but I have four different golfers I want to bet on, I can create a tiered system for these golfers in order correctly allocate the bet size for each golfer. 

With that said, each week I will give a few names from three or four different tiers that I have my eye on in the betting market. 

Tier 1, ‘The Favorites’

I consider this tier as “The Favorites,” and they are likely going to be the golfers with odds around +2000 or +2500 and below. 

Aaron Wise
Shane Lowry
Min Wo Lee

Tier 2, ‘The Next Best’

This is the group of high-quality golfers just below the favorites, this tier at times will be extremely loaded with elite level golfers. The odds on this tier will likely range from roughly +3000 to +5000. 

Jhonattan Vegas
J.T. Poston

Tier 3, ‘The Mid Range’

This one is self-explanatory, and often my favorite bets will come from this range, and they are golfers will some very appealing odds, but aren’t complete longshots. This tier will typically range from +6000 to +10000.

Will Gordon
Aaron Rai
Ben Griffin

Tier 4, ‘The Longshots’

This is the most volatile range, not only from a betting perspective, but from a pricing perspective as well. In extremely strong tournaments you can find some high-level golfers at this range, and in other tournaments we could find some very hidden or lesser known names. 

Greyson Sigg
Erik Barnes