LPGA's Founders Cup adds $1.5 million purse

Golf Betting Lines

12/06/2011 - Daytona Beach, FL (Sportsbook Betting Lines) - An event that honors the 13 founding members of the LPGA Tour will have a $1.5 million purse next season.

The Founders Cup, which was played for the first time as a 54-hole tournament in March, will also be expanded to four rounds, the LPGA Tour said Tuesday.

The inaugural event featured a $1 million purse that counted toward the official money list, but was donated entirely to charity.

Hall of Famer Karrie Webb called it "a great concept" after shooting a 66 in the final round to win.

Next year's event, to be played March 15-18 at Wildfire Golf Club in Phoenix, Arizona, will promise $500,000 to the LPGA-USGA Girls Golf Program. But the $1.5 million purse will be paid to the players.

The tournament, in addition to honoring the tour's founding members, will also pay tribute to four pioneering players "who had a major role in creating one of the most successful women's sports organizations in history," the LPGA said.

The players are Peggy Kirk Bell, Betsy Rawls, Barbara Romack and Mickey Wright.

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Online Sportsbook Football Betting

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Betting Sports

The most popular sports to bet on are NFL and college football along with NBA and NCAA basketball. There are multiple betting opportunities within those sports, beginning with the basic wager on a game’s outcome (also called betting the side). College Football Point spreads are used in both football and basketball in an attempt to even the attractiveness of each team in a match-up. ( See our article detailing how and why point spreads are made)

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Points (or Runs) Scored

Another bet across all major team sports including football, basketball, baseball, and hockey involves wagering on the amount of scoring in a game, called an Over/Under total. For example, the Over/Under total on Super Bowl XXXIX was 48, which means a bettor could wager whether there would be more or less than 48 points scored by both teams combined in the game.

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Sports gambling doesn’t end there. Betting sides and totals are the most common wagers available everywhere, but many sportsbooks also offer future bets on big upcoming events like who will win next year’s Super Bowl and what movie will win Best Picture at the Academy Awards.

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Straight Bet

Involves one individual wager, whether it be on your team to cover the point spread, to win the game straight-up on the money line, or to go over/under the total.

Sports Betting Parlays

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Standard payoffs on a two-team parlay are 13/5; while a three-teamer pays 6/1; and a four-teamer 10/1.

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Adventurous bettors who enjoy betting parlays sometimes put together a series of parlays called a Round Robin . A three-team Round Robin consists of one three-team parlay and three two-team parlays. For example, Joe likes teams A,B,C – with a Round Robin he has a three-teamer with ABC, and two-teamers with AB, AC, and BC.

Betting Teasers

Similar to a parlay, a teaser bet is a single bet that links together two or more individual wagers, but is different in that the point spread is adjusted to your advantage on each individual wager. In exchange for the points, you get less of a return on your bet compared to a parlay. For example, a 6-point teaser would move the line on a 7-point favorite from -7 to -1, meaning the team would have to cover 6 less points. Each of the individual wagers must win or the bet is a loss.

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