Tiger Woods Is Back and Testing How Bookmakers Manage Risk
- Sports books unsure how to price Masters champ at Bethpage
- Money will pile on Woods despite rising cost of wagers
Tiger Woods celebrates after sinking his putt on the 18th green to win during the final round of the Masters.
Photographer: Andrew Redington/Getty Images North AmericaTiger Woods won the Masters last month.
That’s worth remembering when the conversation turns to gambling and this week’s big golf event: the U.S. PGA Championship at Bethpage Black on Long Island. Tiger’s shock victory at Augusta is a key issue for bookmakers trying to manage their risk. One in every five wagers at the Masters was on Woods, and he wasn’t even a top favorite.