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Golf hole-in-one marker flag on a par-three tee with the green in the background

Golf Prop Bets Explained: Specials, Hole-in-One Markets and Novelty Wagers

I once placed a hole-in-one bet at the Masters because the odds looked “generous” and a colleague assured me it was “basically free money.” The bet lost — there was no hole-in-one that year at the nominated hole — and when I later calculated the true probability against the offered price, I discovered the bookmaker’s […]
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