Each Way Golf Betting:
How It Pays in the US

What is an each way bet in golf?

Each way splits your money into two equal bets:

• The win bet: pays if your player wins the tournament, at full odds.
• The place bet: pays if your player finishes inside the paid places, at a fraction of the win odds.

The amount you type in is usually the stake for each half. So "$10 each way" means $10 to win plus $10 to place. Your total stake is $20. Always check the bet slip total before you hit the button. That's the number that leaves your account.

Action Network gives the same setup: a $20 each way bet puts $10 on the player to win and $10 on him to place.

Try your own numbers here:

EACH WAY CALCULATOR

Total stake ($)Odds to winPlace terms1/4 odds1/5 odds1/6 oddsPlaces paid

IF HE WINS+$0

IF HE PLACES+$0

IF HE MISSES-$0

PLACE ODDS+0

Your total stake is split in two: half on the win, half on the place. The place half pays at the place terms if he finishes inside the places.

What are place terms in each way golf betting?

Place terms are the two numbers that decide what the place half pays:

1. The fraction. This is how much of the win odds you get on the place half. 1/4 means a quarter of the odds. 1/5 means a fifth.
2. The places. This is how deep the bet pays. "5 places" means a top 5 finish.

So "1/4 odds, 5 places" means the place half pays a quarter of the win odds if your player finishes top 5.

Action Network says the usual golf terms are 1/4 the odds for places 1 to 5. Racing Post says bet365 in the UK also offers 1/5 the odds for 8, 10 or 12 places. It lists bet365's normal golf terms as 5 places at 1/4 odds, with 8 to 10 places at 1/5 odds for the majors.

More places with a smaller fraction is a trade. You cash more often, but each cash pays less.

How do you turn American odds into place odds?

Multiply the American odds by the fraction. That's it.

• +4000 at 1/4 = +1000 on the place half
• +4000 at 1/5 = +800 on the place half
• +6000 at 1/5 = +1200 on the place half

If you get a number under 100, it still works as "profit per $100." A +400 favorite at 1/5 gives +80 on the place half. That means $10 wins $8. A book would show that price as -125.

How does an each way golf bet pay out?

One bet, played out three ways. Same terms the whole time:

• Bet: $10 each way, so $20 total
• Odds: +4000 to win
• Terms: 1/4 odds, 5 places
• Place half price: +4000 × 1/4 = +1000

Example 1: Your player wins

Both halves cash.

• Win half: $10 at +4000 = $400 profit
• Place half: $10 at +1000 = $100 profit
• Total profit: $500
• Total back: $520 (your $20 stake plus $500)

Example 2: Your player finishes 3rd

The win half loses. The place half cashes.

• Win half: lose $10
• Place half: $10 at +1000 = $100 profit, so $110 back
• Net result: $110 back on $20 staked, a $90 profit

That's the whole pitch for each way. Your guy didn't win, and you still made money.

Example 3: Your player finishes 14th

He's outside the 5 places. Both halves lose.

• Total loss: $20

Quick payout table

Notice the place half only pays $100 here, while the win half pays $400. The place half is a cushion, not the main event.

Does a place finish always make a profit?

No. If the odds are short, a place finish can still lose you money.

Take a favorite at +400 with 1/5 odds and 5 places. The place half pays +80.

• $10 each way, $20 total
• He finishes 2nd
• Win half: lose $10
• Place half: $10 at +80 = $8 profit, so $18 back
• Net: $18 back on $20. You lost $2.

The simple rule: if the place price is under +100, a place finish loses you money overall. So each way on a big favorite mostly just doubles your stake for a small refund.

Each way vs. a separate outright and top 10 bet: which pays better?

You can build your own "each way" at any US sportsbook. Just bet the outright and a top 5, top 10 or top 20 bet on the same player. Often that pays better, because the top 10 market has its own price and you can shop it.

An example. These odds are made up to show the math, not quotes from a real book.

• Player to win: +3000
• Each way terms: 1/5 odds, 5 places, so the place half pays +600
• Same player, separate top 10 bet: +300

Plan A: $10 each way at +3000, 1/5 odds, 5 places. Total $20. Plan B: $10 to win at +3000, plus $10 top 10 at +300. Total $20.

Here's the math behind each row:

• Wins, Plan A: $300 + $60 = $360. Plan B: $300 + $30 = $330.
• 2nd to 5th, Plan A: lose $10, win $60, net $50. Plan B: lose $10, win $30, net $20.
• 6th to 10th, Plan A: both halves lose, net -$20. Plan B: lose $10, win $30, net $20.

Each way pays more on a top 5. The top 10 bet pays on five more finishing spots. Which one wins depends on how often your player lands 6th to 10th, and in golf that happens a lot.

Plan B has two more edges:

• You can shop each half. Take the best outright at one book and the best top 10 at another. With each way, you're stuck with one book's price for both halves.
• You pick the depth. Want top 20 for a steady player? Build it. Each way terms are set by the book.

The fair test each week: compare the place half price to that same book's top 5 price. If the top 5 bet pays more than the each way place half, skip each way and bet them apart. Our top 10 and top 20 guide covers those markets in full.

How do ties work on each way golf bets?

Ties on the place half fall under dead heat rules. Action Network confirms that dead heat rules apply to each way bets. If your player ties for the last paid place, the place half gets cut.

The rule: spots left ÷ players tied = the part of your place stake that gets paid. The rest of that stake loses.

Worked example: tie for 5th

• $10 each way at +4000, 1/4 odds, 5 places. Place price +1000.
• Your player finishes tied for 5th with three others. That's four players for one spot.
• 1 spot ÷ 4 players = 1/4. So $2.50 of your $10 place stake counts as a winner.
• $2.50 at +1000 = $25 profit, plus the $2.50 back, so $27.50 returned.
• The other $7.50 of the place stake loses. The win half loses too.
• Net: $27.50 back on $20 staked. A $7.50 profit.

Without the tie, that same finish would have paid $90 profit. That's how much a dead heat can bite. The full rules, with more examples, are in our dead heat rules guide.

A tie for 1st is rare, since PGA Tour events use a playoff to pick a winner. So in practice the win half almost never gets cut. Ties hit the place half.

Can you bet each way in the US?

Yes, but only at a few books. In May 2025, Oddschecker US said only bet365 and BetRivers offered each way markets in the US, and that FanDuel and DraftKings did not.

Action Network says bet365 is one of the only US books with each way, and that BetRivers offers the same bet under the name "Win/Place." So if you're on BetRivers and can't find "each way," search for Win/Place.

Books add and drop markets, and not every book is live in every state. Check your book's golf page in your state before the tournament starts.

Can you bet each way on DraftKings?

Not as a single bet, based on that 2025 Oddschecker check. You can build the same thing yourself: bet the outright, then bet the same player in the top 5 market for the same amount. Same idea, and often a better price, as the Plan B example above shows. New to placing golf bets? Start with how to bet on golf.

What are extra places in golf betting?

Extra places are specials where a book pays more places than normal. Say a book usually pays 5 places. For a major, it might pay 8, 10 or more, often at 1/5 odds.

Racing Post lists 8 to 10 places at 1/5 odds for bet365's UK golf betting at the majors. Most extra places specials you'll read about come from UK books. Don't count on them in the US. Check your book's terms each week.

Extra places help most on mid-priced and longer players. A +5000 player who finishes 9th pays nothing at 5 places. At 10 places and 1/5 odds, that same finish pays +1000 on the place half.

When is each way golf betting good value?

Each way works best when the place half is priced too long for how often your player finishes near the top. That happens most in these spots:

• Big fields. A full PGA Tour field makes it hard to win but gives a solid player lots of chances to sneak into the top 5 or top 8.
• Longshots and mid-priced players. On a +5000 to +10000 player, the place half pays +1250 to +2500 at 1/4 odds. That can be generous for a guy who is playing well.
• Generous terms. 1/4 odds beats 1/5. More places at the same fraction beats fewer. Extra places at a major can tip a bet from bad to good.
• Not favorites. As shown above, a +400 favorite gives a place half under +100. Each way on the favorite is mostly a waste.

Even at good terms, longshots miss a lot. You will go weeks without a cash. That's normal in golf, not a sign the bet was bad. Size your bets so a cold stretch doesn't wreck you. Our strategy guide covers how to think about that.

Tips for each way golf bets

• Know your total stake. "$10 each way" is $20. Most mistakes start right there.
• Do the place math first. Multiply the odds by the fraction. If the place price is under +100, a place finish still loses you money.
• Compare to the top 5 market. If the book's own top 5 price beats the place half, bet them apart.
• Shop the outright. A few hundred points on a longshot's win price adds up fast.
• Read the terms on the slip. Fraction and places can change by event and by book.
• Plan for ties. Ties at the last paid place are common, and they cut the place half.
• Bet with licensed books only. Only bet with legal, licensed sportsbooks in your state, and only if you're 21 or older.

Want the work done for you? Every PGA Tour week we post our picks, with odds and units, on the golf picks this week page. Judge it on the record.