betting on golf...

[slugger]

i'm kind of new to going into a bookies and putting some of my cash down but i like the thought of having a wee wager on the masters...

how does each way betting work for golf?

i have a wee shortlist of players that i think have a chance, but i am pretty sure that one or two of them will come in the top 4 or 5... what kind of bet do i put on.

Sorry if this is totally straightforward, but i've never been a betting man before (apart from a works day at the horses a few years back!)

 

[RichardC]

I would do an each way bet.

 

[slugger]

I would do an each way bet.

how does that work though... sorry for sounding stupid.

Say i put £5 on tiger woods each way, does that mean i get money back if he finishes top 3?

 

[brendy]

To get a worthwhile return, your bet needs to be at least 6/1 so each way on tiger wouldnt be worth it to be honest.

 

[slugger]

this is my list:

Anthony Kim

Lee Westwood

Phil Mickelson

Hunter Mahan

Camilo Villegas

 

[pokerjoke]

Betting on golf e/w works like this.If you put £5 e/w on a 12/1 shot,firstly the bet would cost you ten pounds as it is doubled if you go e/w,secondly most betting shops go first five.If your player wins you will win £60 plus your stake back.If your player comes in the top five you will get a place,the bookie will pay out a percentage per place.My suggestion is dont bet on Tiger e/w you have to do him to win as his price is too short,wait until after the first round if he has a bad round his price will be bigger.

 

[DexterDog]

Slugger,

Just done mt five picks, all £1 each way, cost £10 in total.

Quarter of the odds if any of them pace in the top 5.

 

[slugger]

Cheers for that pokerjoke... much appreciated.

 

[Whisky]

If you're think of betting on players other than Tiger Woods then check out the specials at Ladbrokes and Boylesports - both will pay the 2nd placed player as the winner if Woods wins the Masters.

To answer your question on Each Way, you effectively put 2 bets on: 1 for the win, 1 for the place (typically 5 places with golf). Typically you get paid 1/4 of the odds for a place. To illustrate:

You put £10 EW on a player at 100/1. That's £10 to win and £10 to place 1-5, total stake £20. If he wins you get £1270 back (100x10 plus your stake, plus 25x10 plus your stake); if he comes 2nd-5th then you get £260 back (you lose your £10 win, but get 1/4 the odds 25x£10 plus your £10 place stake). if he shares 5th spot with other players then there's a pro-rata reduction.

Hope that helps!

 

[Region3]

If you decided to do it online, with Betfair you can bet on top 5, top 10 or top 20 without having to have the win part of the e/w bet as well, if you fancied someone to do well but not win it.

I have no idea how much he's been playing or how well, but I got Tiger to have 3 or less bogeys in the first round at just less than evens which I thought was a decent price if he's bothered about competing.

You can also get 6/4 on his scoring less than 72 for the first round. Still fav for the event though at less than half the odds of anyone else. Currently 5.8/1 on BF.

 

[SharkAttack]

this is my list:

Anthony Kim

Lee Westwood

Phil Mickelson

Hunter Mahan

Camilo Villegas

Just looked at your list. Just send me your £5 and it will save you £5 by not having to bet each way.