Tweet
Any info on how this works would be appreciated.
-
-
Could you give us some more info Check One?
Do you mean e/w betting on first 5 places? -
-
Four or five/way betting on tournament winners is very different to the 'show' and 'place' alternatives found with North American sportsbooks. To best way to explain it is to cmpare with the alternatives.
With a 'show' it's 1/2 odds for up to 2nd and with a 'place' it's 1/4 odds for up to 3rd. So if you want to play it safe and look for a top-3 finish you specify a place wager @ 1/4 odds and if the player finishes 1st, 2nd or 3rd it's the same payoff no matter what.
So for the Masters, Duval is currently 8/1 to win, 4/1 to place and 2/1 to show. A $100 place wager on Duval to show would return $300 if he finished in the top-3. A $100 show wager would return $500 if he finished in the top-2 and nothing elsewise.
For the each/way bet it is quite different. You effectively place two wagers in a e/w bet. One-half is on the player to win; to other is on the player to finish in the top-4. It is usually four not five with the online Euro or Aussie books.
So of the $100 e/w wager, $50 is on Duval to win @ 8/1 and $50 is on Duval to be in the top-4 @ 2/1.
If Duval is 3rd, then the $100 e/w bet would return $150.
If Duval won, then the $100 e/w bet would return $600 [$450 return on the $50 @ 8/1 and $150 on the $50 @ 2/1]
The bigger the odds, the better the e/w bet over the place or show alternative.
Jim Furyk is 30/1 to win the Masters. With a $100 show bet and a top-3 finish, the return would be $850; for a $100 place bet, the return on a top-2 finish would be $1600.
With a $100 e/w bet, the return would be $425 if he finished 2nd, 3rd or 4th and $1975 if he won.
It's all pretty marginal, but the bottom line comes down to 4th place wins with an e/w bet and doesn't with a place bet and winning matters.
That is the standard format with the Euro/Aussie books. However, following the lead of a couple of telephone-betting firms in the UK, Victor Chandler are now offering 1/4 odds on the first FIVE places, not four. That is what is reported on in the Sporting Life article and it does make a big difference if you can get make a profit on a 5th place finish.
Hope this can answer your query.Comment
-
You are talking about my favourite subject!!!
With each-way betting on golf the only thing that you have to bear in mind is dead heats.
e.g.Assuming you bet one of 5 golfers that finished tied for second,and your bet is 1/4 1,2,3,4,5 then your winnings would be reduced.
If you had $50 e/w then you would now have $40 at full place odds (80% of your bet is a winner, 20% a loser).
I hope that this makes some sense.
Here at Victor Chandler you can choose your e/w terms on golf betting. Choose either:
1/3 1,2,3,4
1/4 1,2,3,4,5,
1/5 1,2,3,4,5,6
The most played is 1/4 1st 5, but the other options give you a little more scope and value.
It may look a little confusing but believe me when you get used to it, it's simple.
It must be, I bet this way every week!!!
Just one other thing - we normally express an e/w bet a little different.
$50 e/w = $50 win+$50 place = total stake $100.
Always trust the English to make the easiest things complicated!!!
Comment
-
Many Thanks guys...
Comment
Comment