Before we start on this section it’s worth making the point that an each-way bet is treated as 2 separate bets. An each way bet is one bet on the player to win and another bet on him to finish in the top X places (where is X is usually 5 for most full-field golf events) at typically 1/4 of the win odds. That’s why you have to double your stake for an each-way bet. So £10 each-way on a player at 40/1 is in effect:
- £10 to win at 40/1
- £10 to finish in the top 5 at 10/1
Now the same principle applies to each way doubles in that there are 2 bets being made – a win double and a place double. This is often where the confusion arises if one player wins and the other places, in normal UK rules (and most countries with the exception of Australia) an each-way double is still just 2 bets.
So another example to illustrate. Let’s say you fancy Ludvig Aberg at 20/1 in the US and Joost Luiten at 40/1 in Europe to win their respective events and place a £10 each-way double.
Scenario 1 – both players finish in places 2-5 without any ties.
In this instance your win bet has lost. The place bet has won however and returns you the following:
- (Aberg odds/4+1) * (Luiten Odds/4+1) so 5+1 * 10+1=66. At a £10 stake=£660
So £10 each way would have netted you a total return of £660 from your £20 stake.
Scenario 2 – both players win.
Crack open the champagne! Picking one winner in a field of 150-odd players is hard enough, let alone picking 2 so well done! Both your win double and place doubles have won so you’ll get:
- (Aberg odds+1) * (Luiten Odds+1) so 20+1 * 40+1=861. At a £10 stake=£8,610. Plus:
- (Aberg odds/4+1) * (Luiten Odds/4+1) so 5+1 * 10+1=66. At a £10 stake=£660
So £10 each way would have netted you a whopping return of £9,270!!
Scenario 3 – one player wins, one player finishes in places 2-5 without ties.
This is without doubt the scenario which creates the most confusion. Despite the fact that one of your players won their event, your win double has lost and only your place bet has won. So the return is the same as scenario 1:
- (Aberg odds/4+1) * (Luiten Odds/4+1) so 5+1 * 10+1=66. At a £10 stake=£660
So £10 each way would have netted you a total return of £660 from your £20 stake.
The principle applies for trebles and upwards, plus with some bookmakers you can place this in perms such as patents, trixies, yankees etc to give you a return even if one player misses out completely.
If one of your players in scenario 1 or 3 finishes in a tie that stretches beyond the places being paid (ie 5th place typically) then there’ll be pro-rata reductions placed on your return – read our reductions for ties article for more details.