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Place your bets: Life at the 16th hole at the Waste Management Phoenix Open

SCOTTSDALE, Ariz. - Colt Knost loves to gamble.

So, when a fan on the 16th hole at the Waste Management Phoenix Open gave him 10-to-1 odds on making a putt, Knost gladly accepted the wager. He missed, but he still held up his end of the bet.

"I went over and paid him," Knost said.

How much was on the line?

"Not going to talk about that," Knost said. "It wasn't much. It was just nothing."

Betting in golf is as much a part of the game as walking in a putt or twirling a driver.