PGA-LIV Golf Merged Tour Odds: Handicapping Golf's Future

With the dust somewhat settled after Tuesday's shocking news of the PGA-LIV merger, odds have begun to hit the board for what the future of golf may look like. We break down those markets and more in our full PGA-LIV merged tour odds below.

Chris Gregory - Publishing Editor at Covers.com
Chris Gregory • Publishing Editor
Jun 8, 2023 • 15:23 ET • 4 min read
Jay Monahan CEO PGA Tour LIV Golf
Photo By - USA TODAY Sports

Shocking news dropped Tuesday morning that could change the game of golf forever: The PGA Tour agreed to merge with the Public Investment Fund the sovereign wealth fund of Saudi Arabia that owns and backs LIV Golf — to form a larger global golf entity. 

We've seen countless player reactions, a heated players' meeting, and a telling Rory McIlroy press conference unfold since then, with eyes on what this PGA-LIV merger really means for everyone moving forward. 

With that in mind and so much still in the air, we're starting to see an assortment of golf odds, from the naming of the new organization, the first LIV golfer to win under the combined tour, the timing of the finalized agreement, and more. 

I break down some of those key markets and give you a couple of free golf picks in this full PGA-LIV merger breakdown below. 

Merged tour name odds

Name Odds 
Global Golf Association (GGA) +400
World Golf Tour (WGT) +500
World Golf Association (WGA) +600
World Golf Organization (WGO) +600
Professional Golf League (PGL) +900
World Golf Federation (WGF) +900
Global Golf League (GGL) +1,200
Golf Enterprise Tour (GET) +1,800
Collective Golf Tour (CGT) +1,800
International Golf Tour (IGT) +2,000
Golf International Tour (GIT) +2,500
Golf Professionals Association (GPA) +2,800
Tour International Golf (TIG) +3,300
International Golf Federation (IGF) +10,000

Odds as of June 8, 2023. 

Handicapping the name of a merged golf organization backed in some part by the Saudis? This is what dreams are made of.

Considering the organization is expected to oversee the PGA Tour (and any sister leagues like the DP World Tour) and not actually become a league itself, I'm leaning towards "Association" and "Organization" when scanning these odds and mostly ruling out "Tour" and "League". Call me an overthinker!

Global Golf Association (GGA) and World Golf Association (WGA) both feel too similar to PGA, so I'll take World Golf Organization (WGO) at +600 instead.

Best bet: World Golf Organization (+600) 

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First LIV player to win on merged tour odds

Golfer Odds 
Brooks Koepka +600
Cam Smith +800
Dustin Johnson +1,000
Bryson DeChambeau +1,200
Patrick Reed +1,800
Mito Pereira +1,800
Joaquin Niemann +1,800
Talor Gooch +1,800
Charles Howell III +2,000
Harold Varner III +2,500
Peter Uihlein +2,500
Sergio Garcia +2,500
Any other LIV golfer +100

Odds as of June 8, 2023. 

Yes, Brooks Koepka (+600) is a force in the majors and is a rightful favorite here after winning the PGA Championship at Oak Hill. 

With that said, I'm looking at Cam Smith (+800) as I have just a little more faith that he'll show up week in and week out and we're also getting a better price. 

His LIV results run hot and cold (although better overall this season), but the Aussie was No. 2 in the world just nine months ago after winning the Sentry TOC, THE PLAYERS, and The Open in a seven-month stretch.

I think he'd certainly prefer to play against the top guys on the PGA Tour and that level of competition may be all he needs to get back into world-class form. 

Best bet: Cameron Smith (+800) 

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Miscellaneous merged tour odds

Name Odds 
LIV golfer to win first merged tour event +400
PGA golfer to win first merged tour event -650
Any PGA golfer to boycott an upcoming PGA Tour event +175
Any PGA golfer to boycott the U.S. Open +2,500
Jay Monahan to step down as merged tour CEO by the end of 2023 +250
Team event to be introduced on PGA Tour before 2024 +750
Rory McIlroy or Tiger Woods to leave the PGA Tour +2,000
A fight to break out between players at first merged tour event +5,000
First merged tour event to take place in January 2024: Yes -170
First merged tour event to take place in January 2024: No +130
New golf entity agreement to be finalist before September 1 -260
New golf entity agreement to be finalist after September 1 +175

Odds as of June 8, 2023. 

Among the wild options on the odds board above is a Yes/No market on whether the first merged tour event will take place in January 2024 — and I have a hard time seeing that happen. 

While the merger agreement is a big move and came much faster than anyone could imagine, it's just that... an agreement.

There's an endless supply of legal matters to be handled before this gets finalized and to suggest it will all be dealt with inside seven months with plans for a tournament to start 2024 in place feels incredibly lofty. 

I fully expect another standard PGA Tour schedule to be rolled out for 2023-24. Anything otherwise would be almost as much of a shock as the announcement. 

Best bet: First merged tour event to take place in January 2024: No (+130)

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Chris Gregory Covers.com
Publishing Editor

In his three years on the Covers editorial team, Chris Gregory has helped bolster the site’s PGA Tour and college football coverage, though his love for Rory McIlroy and the Buckeyes is often met with disappointment. He brings a journalism and marketing background to his work as a Publishing Editor and has appeared on Jason Logan’s Sharp 600 to talk about the Masters and golf’s other majors.

His best betting advice? Stay away from betting your favorite teams; it’ll only make the hurt worse.

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