If all that sounds a bit hectic and time-consuming - and in-play live doesn't sound your thing - don't worry, in-running golf trading is still possible, without having to endure all the coverage. Many traders place trades and leave them in the market.
Once play starts on day one, the market remains in-play so if you want to back someone before the off and you want to ensure a profit, should your pick get into contention, but you can't face the hours and hours of coverage, you can leave a lay in place, or even a serious of lays in place. Here's an example:
Place £20 on your pick before the off at 50.00 and before commission you stand to win £980 should they win. To ensure you don't lose or that you make a profit should they contend, you could leave a series of lays in place.
Leave a lay for £20 at 5.00, one for £20 at 3.00, one for £40 at 2.00, one for £80 at 1.50, one for £100 at 1.20 and one for £200 at 1.01.
Given the above example, if your pick trades at 5.00 but not as low as 3.00, before getting beat, you'll get your £20 back and break even.
But if they then trade at 3.00 but not as low as 2.00, then you'll win £20.
As low as 2.00 and your profits are up to £60.
Should they trade as low as 1.50, you're up to £140 - 1.20 and it's up to £240.
And if they were then to look sure to win but fail, given you'd have also been matched at 1.01, you'd be collecting the grand total of £440 about a losing selection.
If your selection wins, your winnings would be reduced to £758 because from your original winnings of £980, you will have paid out on the following for the lay backs - £80 for the first one, £40 each for the second, third and fourth, £20 for the fifth and a full £2 for the final one.
Of course, if you did nothing and your pick won, you'd collect the full £980, but by inputting several lays like this you take the heartache out of a very near miss.
There are plenty of different ways to play the market but whether you decide to play before the off, then leave things alone. Play before the off and then trade in-running, trade purely in-running or leave trades in place, you must do your homework. Forewarned is forearmed.
The biggest tip I could give to someone new to golf trading though, is expect the unexpected. As the 2012 Open Championship showed, nerves play a huge part in the sport and things can change rapidly and dramatically. Adam Scott traded at 1.02 before bogeying the last four holes to lose to Ernie Els, but don't think for a moment that was a one-off. Els himself once led an event in his homeland by three with one to play. He traded at 1.01, found water twice to make eight and got beat!