Golf Bettors Get Relief And Recourse From SportsBooks on Jon Rahm Memorial Tournament Bets
The Memorial Tournament leaderboard changed dramatically Saturday following the third round. Jon Rahm was informed on the 18th green following his round that he had tested positive for COVID-19 and would have to withdraw from the event.
Oh, Rahm had a 6-shot lead and was 18-under par – a record through 54 holes in the event. It included a hole-in-one Saturday morning to complete his weather-delayed Friday round.
I provided some additional coverage of Rahm’s withdrawl for Forbes, and the betting impact on the incident.
I also chipped in additional coverage at TheLines with sportsbook payouts and the different house rules and marketing maneuvers that apply.
ONLINE SPORTSBOOKS PAYOUT JON RAHM BETS
Leading U.S. sportsbooks are handling the bets on Jon Rahm differently, and understanding house rules is important when betting on golf. Wagering to win on futures bets and golf prop bets like top finishing position and match-betting can vary when wagering on golf and other sports.
Fortunately, bettors who placed bets on Jon Rahm to win the Memorial Tournament will be paid by leading sportsbooks FanDuel, DraftKings, BetMGM, William Hill and PointsBet. Some will only pay out in site credit, requiring bettors to play the funds before a withdrawal of Rahm winnings.
That’s a relief to a bettor who placed the biggest win bet at William Hill on Jon Rahm to win the Memorial with his $3,000 win wager returning $39,000.
Congrats to the @WilliamHillNV bettor who took Jon Rahm at +1200, and with Rahm Tournament bets being paid at William Hill turned $3,000 ➡️ $39,000! #WHWinners https://t.co/P44SpQSTiy pic.twitter.com/m4wfjIvXf1
— William Hill US (@WilliamHillUS) June 6, 2021
Despite being the betting favorite, BetMGM sent TheLines a betting report that showed Jon Rahm had just less than 4% of both the win bets and total money bet to win (handle). Seven other golfers had more win bets and ten others more money bet to win, including current co-leaders Patrick Cantlay and Collin Morikawa.
FOXBet initially issued a statement that all bets on Jon Rahm to win the Memorial would be voided. Then Sunday morning, FOXBet sent out an update on its “Good-Will Gesture “that all bets on Jon Rahm to win or finish in the top 5, 10, or 20 will be paid out as winners.
Some bettors in Las Vegas are not so lucky.
The SuperBook in Las Vegas issued a statement along with Circa Sports that they will abide by house rules and not pay out bets on Jon Rahm. Only wagers on the official winner of the tournament will be paid.
Jon Rahm was dominating the tournament on the scoreboard and statistically.
- Tied the tournament scoring record (-18) through 54 holes
- 6-shot lead
- Recorded his best career round by strokes gained
- Most birdies-or-better thru 3 rounds: 22
- 1st SG: Tee-to-Green
- 1st SG: Off-the-Tee
- 1st SG: Approach-the-Green
- 1st SG: Total
- 3rd in SG: Putting and 2nd in Driving Accuracy
Lessons of these situations include having more sportsbook accounts as available, and understand the sportsbook rules when betting. Also, shop and bet the best lines, odds and any futures or prop bets you pursue.
On to the U.S. Open in less than two weeks, where Jon Rahm is the betting favorite at Torrey Pines. From +800 to +1300 – bet the best numbers!