He attended Oklahoma State University in Stillwater, Oklahoma and was a star member of the golf team, where he played alongside Bob Tway, Scott Verplank, and Tommy Moore.

In October 1988 Holly Wood was diagnosed with breast cancer.

[2] After turning 50 in late 2010, Wood played his first Champion Tour event, the AT&T Championship, where he finished T13.

He won the Dick's Sporting Goods Open at En-Joie Golf Club in Endicott, New York on August 19, 2012, by defeating Michael Allen on the first hole of a sudden-death playoff for his first victory on the Champions Tour.

He makes his home in Edmond, Oklahoma and is a member of the "Oak Tree Gang", a group of touring professionals who all play at Oak Tree National in Edmond.