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Scottish Open win slashes odds; Scheffler cuts, Fitzpatrick liability spikes

7/16/2026

31 2 Full Breakdown

Summary

Story summary

Betting markets cut Tom Kim’s odds from 150-1 to 55-1 after his Scottish Open win, with an 84-1 bet paying over $4 million.
DK Sports listed Scottie Scheffler’s odds at +680, the longest for him in a major since 2023, after his first missed cut in four years.
Matt Fitzpatrick became the top betting liability as Caesars shortened his odds to 10-1 after strong wagers on European contenders.

History

Historical Context

Betfair, founded in June 2000 by Andrew Black and Edward Wray, pioneered a financial-style betting exchange that soon held about 90 % of the UK market and forced bookmakers to adjust odds instantly. A 2006 Softbank purchase of 23 % valued the firm at £1.5 billion, and its 2016 merger with Paddy Power created a dominant player, prompting regulators to tighten oversight of real-time betting markets.

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Story summary

Betting markets cut Tom Kim’s odds from 150-1 to 55-1 after his Scottish Open win, with an 84-1 bet paying over $4 million.
DK Sports listed Scottie Scheffler’s odds at +680, the longest for him in a major since 2023, after his first missed cut in four years.
Matt Fitzpatrick became the top betting liability as Caesars shortened his odds to 10-1 after strong wagers on European contenders.

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