Gambling on golf is about to explode

(Disclosure: Rose Law Group represents PGA TOUR.)

By Dave Shedloski | Wall Street Journal

Bobby Jones, the amateur golf great, profited handsomely from his unprecedented exploits in 1930, the year in which he completed the Grand Slam of his era. Thanks to his improbable sweep of the Open and Amateur championships in the U.S. and Britain, Mr. Jones cashed in with a lucrative motion-picture deal, among other opportunities.

Scottish golfer Bobby Cruickshank did OK, too—thanks to Mr. Jones.

When Mr. Jones captured the third leg of the Slam in July at the U.S. Open at Interlachen, in Minnesota, Mr. Cruickshank cashed a betting slip worth $10,500, a tidy windfall on the $50 he risked in April with a broker in London, the Associated Press reported at the time. Mr. Cruickshank had wagered that Mr. Jones would win the year’s first three majors. “I saw Bobby win the Savannah Open, knew the shape he was in, and made the best bet of my life,” Mr. Cruickshank said in the article.

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