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Popularised by both horse racing and greyhound betting, the introduction of each way wagers ensured that more and more punters got involved \u2013 no longer did you have to simply find the winner in order to gain a return on your investment.<\/p>\nIn individual sports, there can be only one winner.<\/p>\n
When you consider that some golf tournaments have as many as 156 players in them, you can get a sense of how difficult it can be for punters to find that one champion amongst such a large field size \u2013 that\u2019s why those who bet on golf in a win only fashion have to be incredibly patient as the inevitable wait for a win goes on.<\/p>\n
The good news for more risk-averse punters is that there\u2019s a different way to bet on outright golf markets that offers the same level of excitement of chasing winners, but with the caveat that a return will be paid if their selection finishes inside the places.<\/p>\n
Welcome to the world of each way golf betting.<\/p>\n
Popularised by both horse racing and greyhound betting, the introduction of each way wagers ensured that more and more punters got involved \u2013 no longer did you have to simply find the winner in order to gain a return on your investment.<\/p>\n
In a nutshell, each way betting requires you to place two bets on the same selection: one to win and one to place. So, a \u00a35 stake would actually become \u00a310 when wagering each way – \u00a35 on the win part and \u00a35 to place.<\/p>\n
If your pick wins, then both the win and place parts are paid out \u2013 this is, of course, the ideal scenario. If your pick finishes in the places, you will be handed a revised return based on two things: a) the odds taken, and b) the each way terms offered by the bookmaker. You can learn how to calculate each way returns later in this article.<\/p>\n
One of the unique things about golf betting is that players can finish tied on the leader board having shot the same score. So, if a bookmaker is paying six places and your selection finishes tied-sixth with a handful of others, the each way calculation will need to be modified further \u2013 more on that shortly.<\/p>\n
If you want to bet on golf in a way that minimises your risk somewhat but still offers the potential of a winning payout, each way punting is for you.<\/p>\n
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What\u2019s interesting about golf betting is that the bookmakers have their own rules on how many places they are going to pay out on and the each way terms applied.<\/p>\n
For the standard PGA TOUR event, you might see a firm offering only five paid places but at each way terms of 1\/4 \u2013 meaning that if your selection does finish in the places, your return would be higher than at other bookmakers.<\/p>\n
Alternatively, other outfits occupy a different end of the spectrum \u2013 they will typically go eight places but with 1\/5 terms. So, you have a better chance of securing a place (by virtue of the fact that more players in the field will qualify), but your return will be lower than at other bookmakers because 1\/5 takes away more of your payout than 1\/4.<\/p>\n
When the four golf majors roll around \u2013 namely The Masters<\/a>, PGA Championship, US Open and Open Championship \u2013 the bookmakers tend to extend their place offering. Ten and even 12 places will be paid on these big tournaments, thanks to the greater amounts of money wagered upon them and also as an enticement to encourage occasional golf punters to have a flutter.<\/p>\n Interestingly, some bookmakers now even let you pick your own each way terms. They will offer odds at different price points, with five places (1\/4), seven places (1\/5) and ten places (1\/6) as examples of how you can modify your wagers according to your own needs.<\/p>\n To understand how each way winnings are calculated, it\u2019s perhaps easiest if we walk you through a couple of examples.<\/p>\n First off, let\u2019s imagine we backed Rory McIlroy each way at odds of 10\/1 to win the 2023 Open Championship, with ten places paid at 1\/5. The Irishman would eventually finish sixth<\/a> on the leader board, securing a place return.<\/p>\n Let\u2019s say we backed Rory at \u00a35 each way for a total outlay of \u00a310. We know that we\u2019ve lost \u00a35 because he didn\u2019t win the tournament, so our E\/W calculation is based upon that \u00a35 place bet.<\/p>\n Now we can plug in the numbers. We divide the odds taken by the each way terms, which in this case means we\u2019re dividing ten (10\/1) by five (1\/5). That gives us an answer of two, or \u2013 specifically \u2013 2\/1.<\/p>\n Now we multiply our each way stake (\u00a35) by the revised 2\/1 odds, which gives us a \u00a310 win. With our stake returned, that gives us a total return of \u00a315 for the each way element of our wager.<\/p>\n Those numbers are nice and round, which makes them easy to follow. Other times the calculation may be harder to do, but the good news is that there\u2019s plenty of each way bet calculators available online to do the math for you.<\/p>\n Now, what happens if our player finishes in the places but in a tie?<\/p>\nHow to Work Out Each Way Winnings<\/h2>\n
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