British Open 2024: Bets not panning out? New research says they shouldn’t | Golf News and Tour Information [Video]

If gambling were an investment strategy, Charles Schwab would be sponsoring it. Golf, specifically wagering on golf, is of course the most capricious of enterprises, with just as many Scottie Schefflers and Xander Schauffeles populating leaderboards as Nicolai Højgaards and Sam Horsfields. In short, golf betting is a roulette wheel in an earthquake, and getting anything right is like throwing darts on top of the Royal Troon clubhouse Thursday morning.

Don’t believe us? There’s now research that shows golf to be the most unpredictable professional sport there is (to some, at least: our expert betting panel has successfully picked the last two major winners). And this isn’t some podcaster ruminating in his mother’s basement with a hot take or two. These are numbers produced by HSBC, the banking giant with over $3 billion in assets that knows a thing or two about investments, good or bad.

According to the …