2021 Charles Schwab Challenge Betting Guide

The Charles Schwab Challenge is a professional golf tournament on the PGA Tour. This event is held annually at Fort Worth, Texas at Colonial Country Club in May.

The tournament started out in 1946 and is currently one of five invitational events organised by the PGA. It is an event steeped in history, particularly that of golf, and rewards its winners with a Tartan jacket to honour golf’s Scottish heritage.

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Charles Schwab Challenge 2021 Betting Odds, Tips & Predictions

We will add the odds for the 2021 Charles Schwab Challenge when they are available, along with our expert betting tips and predictions.

Popular Bets for the Charles Schwab Challenge

Golf is one of the most wagered on sports there is – and with good reason, too. Due to the large fields, prices, even on the pre-tournament favourite, are generally always pretty generous. The nature of gameplay also throws up a ton of betting choices, more than most other sports in fact, so this really is the best sport for betting on.

Outright Betting

This uncomplicated bet is, quite simply, a bet on a competing golfer to win the tournament outright. There are many ways to choose how you select your pick. You could study a player’s form, either over the last few tournaments played, or their competitive history at a particular venue. As soon as you have arrived at your decision, you can make your bet by deciding on the amount you wish to wager, combining it on your betting slip with the player you have chosen before placing your bet. If this player wins the tournament, you get paid.

Top 10 Finish

Likewise, if you have a player that you suspect will do well but not well enough, there is always the opportunity to back them to finish in the top 10. Most sports don’t work with a leaderboard, but golf does, which is what allows this bet, or top 5, top 15 or top 20, to be an option. It is a self-explanatory wager in which your pick, or picks, must finish within the top 10 places on the leaderboard for bets to pay out as winners.

Make or Miss The Cut Betting

In the overwhelming majority of golf tournaments, there will be a cut (see below) that takes place halfway through a tourney in order to remove the stragglers from play. It is important for golfers to make the cut, because it is the only way they get paid. It is also another feature, distinct to golf, that throws up yet another betting opportunity that other sports simply cannot provide. When betting on someone to make the cut, try to find an emerging young talent or a player that has been off form, but you have noticed them improving. In such a case, players that are flying under the radar often provide the best value.

In-Play Betting

The appeal of in-play betting should be obvious. As events unfold, the odds fluctuate with each situational change. For this reason, bettors love to watch a tournament, or just one single round, play out in real-time. This way, savvy punters can get a clearer picture of how things are likely to play out. This type of betting can be advantageous to both the bookmaker and the punter, for whom bettor’s patience is the key.

Tournament Structure for the Charles Schwab Challenge

The tournament plays tribute to the history of golf by presenting an official Scottish tartan jacket to the winner of the event. There is also a Wall of Champions on the first tee, upon which are the engraved names and scores of each champion dating back to its inaugural event in 1946.

The Charles Schwab Challenge is one of only five tournaments within the PGA to have an invitational status, which means it has a reduced field as opposed to some other PGA events. There should still be approximately 125 players teeing off though, so it is still far from empty. The other four tournaments with invitational status are the Genesis Open, Arnold Palmer Invitational, the RBC Heritage, and the Memorial Tournament.

The tournament itself is a standard stroke play event, where the player with best under par score after four day’s play will be crowned the champion. At the tournament’s midpoint, a cut line will be introduced to chop the field in half with players on one side of the line missing out on the final two day’s play, and players on the other side of the line playing on for another two days. This is commonly referred to as missing or making the cut, and introduces another betting opportunity (see above).


History of the Charles Schwab Challenge

One of the longest-running tournaments in PGA Tour history, this tournament was founded in 1946 as the Colonial National Invitational and has gone by many names but, as of 2019, it has been called the Charles Schwab Challenge. Packed with tradition, the tournament came about after the venue, the Colonial Country Club, hosted the 1941 US Open. When The Colonial hosted the event, it was the first time that the US Open had been held south of the Mason-Dixon line. Looking to make the most of the tourney’s success, local organisers launched The Colonial Invitational in 1946.

Unlike many golfing events, The Colonial has never ever wandered from its home, and has played at the same venue throughout its entire existence. In 2003, Annika Sorenstam became the first woman to play in any PGA Tour event in 58 years when she played in Bank of America Colonial as it was called at the time, following Babe Zaharias, who competed in the Los Angeles Open, in 1945. Sadly for her, she missed the cut.

Past Winners of The Golf Charles Schwab Challenge

2020Daniel BergerUnited States
2019Kevin NaUnited States
2018Justin RoseEngland
2017Kevin KisnerUnited States
2016Jordan SpiethUnited States
2015Chris KirkUnited States
2014Adam ScottAustralia
2013Boo WeekleyUnited States
2012Zach JohnsonUnited States
2011David TomsUnited States
2010Zach JohnsonUnited States
2009Steve StrickerUnited States
2008Phil MickelsonUnited States
2007Rory SabbatiniSouth Africa
2006Tim HerronUnited States
2005Kenny PerryUnited States
2004Steve FleschUnited States
2003Kenny PerryUnited States
2002Nick PriceUnited States
2001Sergio GarcíaSpain
2000Phil MickelsonUnited States

Charles Schwab Challenge Key Stats

  • Only eleven men have won this tournament more than once.
  • Ben Hogan has won it the most with five wins.

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Charles Schwab Challenge FAQs

⛳ Where Does The Charles Schwab Challenge Take Place?

The Charles Schwab Challenge takes place at the Fort Worth Colonial Country Club in Dallas Fort Worth Texas, USA.

🏆 When Does The Charles Schwab Challenge Take Place?

The Charles Schwab Challenge takes place each year in May.

📈  What is The Texas Weather Like at That Time of Year?

The average high-temperature, in May, in Fort Worth, is 28.4 degrees Celsius.

🥇 How Much is The Purse Worth For The Charles Schwab Challenge?

The Charles Schwab Challenge carries with it a purse of $7.5 million.

🤑 Can I Bet on Making or Missing The Cut?

Yes, bookmakers will allow you to bet on the cut.


ThePuntersPage Final Say

While most full-field tournaments go off with a field of 156 players, this being an invitational, the filed drops to around 126 players that compete for Charles Schwab Challenge each May in Texas.  A highly prestigious event with a prize pool of close to $7 million, this really is one of the most enthused about stops on the PGA Tour. The winners' list here, which includes Lee Trevino, Jack Nicklaus, Phil Mickelson, Sergio García and Justin Rose, reads like a who’s who of golfing legends which only adds to its reputation still further.