There are two Major types of Betting in Golf Tournaments.

Matchup Sports betting tips
Okay, in this type, the sportsbooks create a matchup between two players and whoever finishes higher in the grouping by the end of the match wins. Pretty simple. Of course, there is your standard moneyline on this. A plus for the underdog and a minus for the favorite. Here's an example:

Phil Mickelson +160
Tiger Woods -190
Just like your standard moneyline, a $100 bet on underdog Phil will yield $160 if he wins, Sports betting tips and $190 bet on favorite Tiger will payout $100.

Betting to Win
Here you have two ways to bet: a player to "win" or to "show.