Golf is a rather simple sport once you begin taking an interest. And betting on golf is no different.
You can easily bet on the fan favorite and watch as they win and you get a return, or you can be a little smarter with your wagers.
As championship games take place you can have over 150 players tee up for any one tournament.
Meaning if you select just one player to win you are significantly decreasing your odds.
That’s why the each-way bet was created. Not sure what the each-way bet is or how to place your bets?
We explain everything you need to know about the each-way bet in golf and how to use it to your advantage. Want to know more? Keep reading!
Each-Way Bet Explained
As you log onto your sports betting app or site and go to place your bet you will notice a small box stating ‘Each Way’ or ‘E/W’. This is where you can select to place an each-way bet.
In an each-way wager, your wager is divided into a “win” wager and a “place” wager.
An each-way bet divides your wager into bets on the player winning and the player finishing in the top five (for golf anyway).
So, if your player is at top player level but doesn’t quite win, you are still facing greater odds at a return than placing a simple player to win a bet.
This simple concept is popular throughout Europe and is slowly becoming more popular in the US.
It is most commonly used in golf betting, however, it can be placed during the NFL, motorsports, and even horse racing.
Calculate An Each Way Bet
When placing your bets and when cashing them in, you want to be able to calculate your return. This way if there’s a mistake with the bookmaker, it can be rectified easily.
Now, you don’t have to be a mathematical genius in order to calculate an each way bet. This example makes it simple.
For example, you are placing $10 each way on Sergio Garcia to win the Open Championship in the next year at Royal Liverpool.
In the most recent Open Championship odds, the fiery Spaniard is at 50/1 to win, but intriguingly, he is at odds of 10/1 to finish in the top six because the place odds are 1/5 of any player’s outright odds.
This means that if Garcia wins the Championship you will have a return of $620.
However, if he fails to win 1st place and instead places between 2nd and six you are still able to walk away with $110.
While this may not be the result you expected or wanted, it is much better to walk away with $110 than completely lose your $10 because Garcia did not place 1st.
How To Place An Each Way Bet
Placing an each way bet in golf is one of the simplest bets to place.
- Log onto your sports betting app or site and head to the tournament of your choice.
- Find your favorite player or the player with the highest expectation to win.
- Once you find them, select the odds to the left of their name.
- This page will show you the player, your odds, and your stakes.
- Below all of that information is a small box that reads ‘E/W’. Click it.
- Enter your wager and click ‘Place Bets’.
You are now protected in the event that your player does not place first, as long as they do not place outside the top six.
What Happens If They Tie?
Ties are one of the most common results within the entire sport. Of course someone has to place 1st but beyond that it is a bit of a task to determine places for each player.
Each-way wagers are subject to the dead-heat rules. And you need to be aware of these restrictions in order to wager on golf.
In the majority of sportsbooks, if a player ties for the final position on a finishing position wager, your bet will be split.
For example if you place a bet on Dylan Frittelli top 5 at the Masters at 40-1, you would only be able to claim 20-1 as he tied fifth with Rory McIlroy.
The same goes for betting on Corey Connors top a10 at 9-1. As he tied with 2 others you would only have been paid out 3-1.
The same guidelines apply when betting either way.
You will receive payment in part depending on how many golfers tied for the final position in the amount of spots the bookmaker offers if a golfer finishes in a tie.
At the 2021 U.S. Open, let’s say you wagered $20 on Guido Migliozzi each-way at a price of 200-1, with positions 1–5 being paid for the place wager.
He would be the 200-1 favorite for half of your $10 wager, and you would bet the other $10 on him to place in the top five.
Migliozzi finished sixth in a tie with Collin Morikawa and Brooks Koepka, which caused the payout of 50-1 to be divided three ways and reduced to just under 17-1.
Each Way Bet Payouts
Each-way wagers are modified algorithmically based on a variety of variables, chiefly the size of the field and the likelihood of winning.
Additionally, some bookmakers will pay 1/5th the odds for slots 1 through 8 in golf majors (so a top 8 finish).
Prior to the majority of tournaments, you will get ¼ odds if your player finishes in sports 2-5 on the place bet.
However, the book will only pay out spots 1-2 at one third of the odds if you wager on a 20-man Formula 1 race.
The same concept holds true for a golf event that has already started.
The book won’t let you bet on Jon Rahm to finish 1-5 at a quarter of the odds if he has a three-shot cushion over second place and a seven-shot lead over sixth place coming into Sunday.
When To Bet Each Way
Your risk tolerance, the event, and other factors are all relevant. It can be a good and entertaining betting choice in large-field events with as much randomness as golf, where it’s difficult to price everyone precisely.
Each Way bets are great if you feel your player is strong enough to finish top 5 but is still off from finishing 1st. You can support an underdog and still see a smaller return.
If your book doesn’t offer each-way, you may still simulate one by placing half of your wager on the player winning and the other half on a top-5 finish.
Final Thoughts
Golf, while typically a rather calm sport, can be unpredictable and one wrong move from a player can cause things to change drastically.
An each way bet allows you to have some back-up if your No.1 player gets knocked off the top spot but is still playing well enough to finish in the top 5.
While your return won’t be as large, you are giving yourself better odds by betting each-way.
So, give yourself some room and place your each way bets at the next Masters or Open championship!
A favorite of mine is golf gambling. Such a relaxing game can win you big when you bet on the right people. Plus, betting makes watching it much more fun, too!
If you’re looking for a new hobby, gambling can sound like a risky venture. But it doesn’t have to be. Stick with my knowledge of the business and I’ll help you navigate the tricky waters that are gambling online sites.
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