An each-way bet is a popular betting option in golf, especially for major tournaments like the Masters. It allows bettors to hedge their bets by covering more than just the outright winner, which can be particularly useful in a highly competitive field like the Masters.
What is an Each Way Bet?
An each-way bet in golf consists of two separate bets:
- Win Bet: You are betting on your selected golfer to win the tournament outright.
- Place Bet: You are betting on your selected golfer to finish in one of the top positions, typically within the top 5 or 6, depending on the bookmaker’s terms.
How It Works?
- When you place an each-way bet, your stake is split evenly between the win and place bets. For example, if you place a $10 each-way bet, $5 goes towards the golfer winning the tournament, and $5 goes towards the golfer placing in the top positions.
- If your golfer wins the Masters, both the win and place bets pay out. You’ll receive the full odds for the win portion and a fraction of the odds (usually 1/4 or 1/5) for the place portion.
- If your golfer doesn’t win but finishes in one of the top positions, the win portion of the bet loses, but the place portion wins, paying out at the reduced odds.
Example
Let’s say you place a $10 each-way bet on a golfer at 20/1 odds:
- Win Bet: $5 at 20/1 = $100 + your $5 stake = $105
- Place Bet: $5 at 1/5 of 20/1 = 4/1 = $20 + your $5 stake = $25
If your golfer wins, you get $105 for the win bet and $25 for the place bet, totaling $130. If your golfer only places, you win $25, which helps you recover your stake and make a small profit.
Why Bet Each Way on the Masters?
The Masters features a strong field with many potential winners, making it challenging to predict the outright winner. An each-way bet allows you to increase your chances of winning by also covering a top finish. Even if your chosen golfer doesn’t win, finishing in the top 5 or 6 can still result in a payout, making each-way betting a popular strategy among golf bettors, especially for prestigious tournaments like the Masters.
Best Betting Odds for Masters Golf Tournament
| Bookmaker | Strengths | Best Odds Coverage |
|---|---|---|
| Bet365 | Renowned for its comprehensive sports coverage and in-play betting options. | Often offers competitive odds across major sports, particularly football and tennis. |
| 1xBet | Wide range of markets and events with high odds, especially for live betting. | Known for some of the best odds in football, cricket, and esports. |
| 1Win | User-friendly interface with generous promotions and bonuses. | Provides strong odds for popular sports like football and basketball. |
| 888Starz | Extensive sportsbook with a focus on football and live betting. | Competitive odds on football leagues and major tournaments. |
| Melbet | Offers a broad selection of markets and high odds on major sports events. | Frequently strong in football, tennis, and basketball odds. |
| PinUp | Attractive interface with diverse betting options and regular promotions. | Known for offering good odds on football and other major sports. |
2024 Tournament Schedule
| Day | Date | Event |
|---|---|---|
| Mon | 8 | Pre-Tournament |
| Tue | 9 | Pre-Tournament |
| Wed | 10 | Pre-Tournament |
| Thu | 11 | Round 1 |
| Fri | 12 | Round 2 |
| Sat | 13 | Round 3 |
| Sun | 14 | Round 4 |
Source: https://www.masters.com/en_US/tournament/schedule.html
Sunday Event Timing
- Gates Open: 8:00 AM EDT
- Gates Close: 30 minutes after the Presentation Ceremony