Each Way Golf Betting Explained


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What is an each-way bet?


An each-way bet can be thought of as two sepeate bets: a win bet, and a place bet.

The place bet will be at reduced odds for the player to finish in the top x.

Example:

A £10 each-way bet on a 10/1 selection and paying ​1⁄5 the odds a place for the top 7 would cost £20.
  • Returns on the win part of the bet would be £10 × (20/1) + stake = £210
  • Returns on the place part of the bet would be £10 × (20/5) + stake = £50
  • Total returns would be £210 + £50 = £260 if the golfer wins, but just £50 if the golfer only finished second to seventh.

What about ties?


Example 1:

What happens if there are three players tied for 7th on an each way bet paying 7 places at 1/5th odds?

Player Pos Score
Tiger Woods 1 -21
Rory McIlroy 2 -19
Jordan Speith 3 -18
Phil Mickleson 4 -17
Paul Casey T5 -16
Justin Rose T5 -16
Dustin Johnson T7 -15
Brooks Koepka T7 -15
Jon Rahm T7 -15

A £10 each-way bet on Brooks Koepka at 20/1 would cost £20.

Brooks finished T7 with two other players, because three players are sharing the final position the stake is divided by three.

  • Returns on the win part of the bet = £0
  • Returns on the place part of the bet would be:
    • reduced stake * reduced odds + reduced stake
    • = (£10/3) × (20/5) + (£10/3)
    • = £3.33 * 4 + £3.33
    • = £16.67

A loss of £3.33


Example 2:

What happens if there are three players tied for 6th on an each way bet paying 7 places at 1/5th odds?

Player Pos Score
Tiger Woods 1 -21
Rory McIlroy 2 -19
Jordan Speith 3 -18
Phil Mickleson 4 -17
Paul Casey 5 -16
Justin Rose T6 -15
Dustin Johnson T6 -15
Brooks Koepka T6 -15

A £10 each-way bet on Brooks Koepka at 20/1 would cost £20.

Brooks finished T6 with two other players. This time there are three players sharing two places (6th and 7th) the stake is therefore divided by 2/3 (num places/num tied).

  • Returns on the win part of the bet = £0
  • Returns on the place part of the bet would be:
    • reduced stake * reduced odds + reduced stake
    • = (£10 * 2/3) × (20/5) + (£10 * 2/3)
    • = £6.67 * 4 * £6.67
    • = £33.33

A profit of £13.33

Each way bet calculator


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