One of the most intriguing types of betting is each-way betting, especially now that golf has become popular in sports betting in Australia.
Each-way betting involves placing two bets. Punters may choose to place a bet on a golfer to win a tournament outright or to finish within a specified number of places, usually five or six. The chances of success or winning are higher in each way. However, the odds are typically lower than for an outright win bet.
If you are a starter in golf betting, you might wonder what each-way betting works and how it works.
Understanding Each Way Betting in Golf
Each way betting is a smart strategy for golf punters as it gives them opportunities to hedge their bets and increase their chances of payout by wagering on both the golfer to win and to finish within a certain number of places, typically paying out at a fraction of the win odds.
Returns on golf each way bets are calculated by multiplying your stake by the odds.
- Odds: 20/1
- Stake: $10
Let say you bet $10 each way on Golfer A at odds of 20/1. If Golfer A wins the tournament, you would win $200.
20/1 odds x $10 plus your $10 stake back for the win portion of the bet
Additionally, if Golfer A finishes within the specified or top places, you will also win a fraction of the odds for the place portion of the bet.
Say for example, Golfer A finishes second or third, each way terms are ¼ of the win odds for the place portion of the bet. Hence, you will receive a payout at 5/1 odds (¼ of 20/1), which results in a return of $50.
$10 stake x 5/1 odds plus your $10 stake back for the place portion of the bet.
Related: How to Calculate Your Winnings from Each Way Bets
Tips for Maximising Each Way Bets in Golf
Research the form and recent performance of golfers
Nothing can ever go wrong with conducting research when it comes to the form and recent performance of golfers. This means to say, keep an eye on golfers who have been playing well since the previous events leading up to the tournament and have a history record of performing exceedingly in similar circumstances.
Consider the course and playing conditions
It is important to take note that all golfers are not the same, as there are certain golfers who show strengths on specific types of courses and strive in certain weather conditions.
Hence, it is rather crucial for punters to consider the course and playing conditions of the tournament, especially in each way betting, for a higher chance of winning.
Analyse the each way terms
For major golf tournaments, bookies occasionally provide updated each-way terms, which also improves the value of each-way wagers.
Hence, it is important to pay attention to the number of places awarded and the share of the win odds provided for the place portion of the wager.
Related: 6 Careful Tips to Become a Responsible Punter
Conclusion
Picking the outright winner in golf can be tough, which is why punters often prefer each-way bets. Whether you are a starter or a seasoned golfbettor, you can enhance your betting experience and potentially increase your chances of success by understanding how each-way betting works in golf and by implementing strategic tips for your benefit.
Ready to elevate your golf betting game? Visit Edge Alerter for more tips and start winning today!
