How does a place bet work in golf?
The place bet will be at reduced odds for the player to finish in the top x. 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. Total returns would be £210 + £50 = £260 if the golfer wins, but just £50 if the golfer only finished second to seventh.
How much is a £10 each-way bet on a golfer worth?
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. Total returns would be £210 + £50 = £260 if the golfer wins, but just £50 if the golfer only finished second to seventh.
What does each-way mean in golf betting?
An each-way bet in golf splits your bet into a "win" bet and a "place" bet. The fraction denotes how the odds will be cut for the place bet, and the numbers next to it indicate how many places will be paid out. In golf, it’s common to get 1/4th the outright odds if the golfer finishes in places 1-5.
How much does each way pay out on a 1-5 bet?
Since the each-way bet from above only stipulated that the each-way pays out 1/4 on a 1-5 placing, the payout of the each way would be cut down by the percentage of the actual full placing he achieved.