To develop an opinion on winning probability in any betting market, you need to be able to rate the chances of each contestant relative to the rest of the field. This is by no means an easy task for most punters, if it were, there would be fewer successful bookmakers. In this article, I describe how you can use publicly available information to develop your own tissue prices for professional golf tournaments.
Sporting bodies the world over attempt to rank participants. From the contender rankings in boxing through tennis to darts, many sports, both team and individual, rate professionals relative to one another. Unfortunately, many ranking methods are somewhat flawed and of negligible use to bettors. Take FIFA’s world football rankings below, as of 3 July 2017.