{"id":7190,"date":"2014-04-02T15:31:06","date_gmt":"2014-04-02T15:31:06","guid":{"rendered":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/04\/02\/tiger-woods-withdrawal-to-reduce-masters-betting-handle-by-20\/"},"modified":"2014-04-02T15:31:06","modified_gmt":"2014-04-02T15:31:06","slug":"tiger-woods-withdrawal-to-reduce-masters-betting-handle-by-20","status":"publish","type":"post","link":"https:\/\/forumarchives.tmsites.net\/index.php\/2014\/04\/02\/tiger-woods-withdrawal-to-reduce-masters-betting-handle-by-20\/","title":{"rendered":"Tiger Woods Withdrawal to Reduce Masters Betting Handle by 20%"},"content":{"rendered":"<p><!-- Original Post Content --><br \/>\n<img decoding=\"async\" src=\"http:\/\/i60.tinypic.com\/34jdms1.jpg\" alt=\"\" \/><\/p>\n<p>\tApril 2 (Bloomberg) \u2014 Tiger Woods\u2019s absence from the Masters Tournament will be felt from Augusta, Georgia, to Las Vegas, where some sports books are projecting a 20 percent decline in the total amount wagered on golf\u2019s first major championship of the year.<\/p>\n<p>\tWoods, the world\u2019s No. 1-ranked golfer and the winner of 14 major titles, withdrew from the tournament yesterday following surgery to repair a pinched nerve in his back.<\/p>\n<p>\tIt marks the first time in 20 years that the five-time Masters winner will miss the tournament, which is scheduled for April 10-13 at Augusta National Golf Club. The Masters is \u201cby far\u201d the most popular golf tournament each year at Nevada\u2019s 183 sports books, according to Jeff Sherman, assistant manager at the Las Vegas Hotel\u2019s SuperBook.<\/p>\n<p>\t\u201cIt\u2019s basically double the next one, which is the U.S. Open,\u201d Sherman said by phone. \u201cIt\u2019s like when people get out and bet the Kentucky Derby or the Daytona 500; it\u2019s the one golf event the casual fan will end up getting involved with. There\u2019s so many people that say, \u2018I just want to root for Tiger,\u2019 and now they\u2019re not going to get the opportunity. Those people don\u2019t turn their attention elsewhere.\u201d<\/p>\n<p>\tWoods, 38, said he\u2019ll be forced to miss several tournaments to focus on rehabilitation and getting healthy, with a goal of trying to resume playing this summer. Woods three weeks ago had been the 6-1 favorite to win the Masters at the LVH Sportsbook. After back spasms forced him to miss the Arnold Palmer Invitational two weeks ago, Woods was adjusted to a 10-1 co- favorite with Rory McIlroy and defending Masters champion Adam Scott.<\/p>\n<p>\tLess Interest<\/p>\n<p>\t\u201cThe back issues he\u2019s been dealing with this year had shied some people away,\u201d said Sherman, who also runs the website golfodds.com. \u201cOver the last few weeks, there\u2019s been a lot less interest and I bumped his odds up to 10-1 prior to his withdrawal trying to attract more money because it hadn\u2019t shown up like it has in the past.\u201d<\/p>\n<p>\tWoods\u2019s participation in golf tournaments has boosted television ratings throughout his career and his absence has led to declines. When Woods was out for eight months following knee surgery in 2009, his absence caused a 30 percent to 40 percent drop in ratings for U.S. PGA Tour events he missed, according to former CBS Sports head Neal Pilson, now the president of Pilson Communications.<\/p>\n<p>\tBuoyed by Woods, Masters ratings have remained high even when he hasn\u2019t figured prominently on the Sunday leaderboard. Final-round viewership has been above 14 million in five of the past six years. The first time Woods won the Masters, in 1997, the tournament drew more than 20 million final-round viewers.<\/p>\n<p>\tTV Ratings<\/p>\n<p>\tBetting on golf coincides with TV ratings, Sherman said, without disclosing specific wagering totals.<\/p>\n<p>\t\u201cThe casual fan might not be tuning in when they hear he\u2019s out,\u201d he said. \u201cWhen the TV ratings go down a little bit, our betting handle goes down.\u201d<\/p>\n<p>\tWith Woods out, Northern Ireland\u2019s McIlroy is the Masters favorite at 8-1 odds, followed by Scott and fellow Australian Jason Day at 10-1. More wagers have been placed on Day, who finished third in Augusta last year and was tied for second in 2011, than any other player, Sherman said.<\/p>\n<p>\tMatt Kuchar is second in total tickets at the LVH SuperBook, followed by fellow American Jordan Spieth. SuperBook bettors who wagered on Woods to win the Masters will get a refund once the tournament concludes, Sherman said.<\/p>\n<p>\tWoods said he opted for surgery \u2014 a microdiscetomy \u2014 after failing to make the necessary progress in his attempt to get ready for the Masters. The repetitive motion from golf can cause an injury like a pinched nerve, and Woods could have suffered further damage if he continued to play, according to a statement on his website.<\/p>\n<p>\tWoods\u2019s Future<\/p>\n<p>\tWoods said there should be no long-lasting effects from the surgery and that it shouldn\u2019t impact the longevity of his career. Woods is four major titles shy of matching Jack Nicklaus\u2019s record of 18 and nine wins away from tying Sam Snead\u2019s 82 PGA Tour victories.<\/p>\n<p>\t\u201cIt\u2019s tough right now, but I\u2019m absolutely optimistic about the future,\u201d Woods said in his statement. \u201cThere are a couple records by two outstanding individuals and players that I hope one day to break. As I\u2019ve said many times, Sam and Jack reached their milestones over an entire career. I plan to have a lot of years left in mine.\u201d<\/p>\n<p>\tNicklaus, 74, said he thinks Woods, who got his last major win in 2008, has a lot of good golf ahead of him.<\/p>\n<p>\t\u201cI hate to see him robbed of some of that time by injury,\u201d Nicklaus said on his website. \u201cBut we all know he is doing what is in the best interest of his health and future.<\/p>\n<hr>\n<h3>Replies:<\/h3>\n<p>No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>April 2 (Bloomberg) \u2014 Tiger Woods\u2019s absence from the Masters Tournament will be felt from Augusta, Georgia, to Las Vegas, where some sports books are projecting a 20 percent decline in the total amount wagered on golf\u2019s first major championship&#8230;<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-7190","post","type-post","status-publish","format-standard","hentry","category-other-games"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7190","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=7190"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7190\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=7190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=7190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=7190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}