Best Each-Way Terms For The Masters

Best Each-Way Terms For The Masters

Each-way betting is a staple for Golf punters, but which bookmakers are offering the best each-way terms for The Masters?

Many of you will be looking to bet on The Masters this week and will be looking for the best value on your favourite golfer. A part of that value will be determined by how many each-way places your bookmaker is offering, as the more places on offer, the more chance you have of landing your bet!

There is nothing worse than backing a golfer each way, and your chosen outright then finishing in a tie for 5th and you receiving a reduced payout, due to dead heat rules. When it comes to the majors though, multiple bookmakers will offer increased each-way terms, which means instead of the standard 6 or 7 places you will generally see on the DP World Tour or PGA Tour, you will instead be offered as many as 12 each-way places!

With additional places often comes a reduction in odds, and you will need to find the balance between the right price, and the suitable place terms, but below, we will cover the bookmakers paying the most each-way places for the 2024 Masters.

How Does an Each-Way Bet Work in Golf?

If you are new to golf betting or even betting in general, you may not be 100% familiar with the term each-way betting, so let's quickly summarise what we mean by the term.

With an each-way bet, you are splitting your stakes, one on the golfer to win, and one on them to place. If your golfer wins, you will win both bets, but you can also receive a payout if they finish within the top 8, 10, or 12 this week for example.

Bookmakers generally offer a 1/5 odds payout on an each-way place in golf, so if a golfer was 40/1, you would receive an 8/1 payout on a place, plus get half of your original stakes back, as the place bet won.

Dead Heat Rules in Golf

We mentioned dead heat rules earlier, and this is a dreaded term in golf. Typically if you are betting to 6 places for example, and your golfer finished in a tie for 6th for example, with three other players, there is four players sharing the one available place. This would mean your original stake would be cut to a quarter. For example, if you had bet £10 each way, your place stake would now be £2.50, affecting your payout.

The main reason people like extra places on majors is the desire to back a longshot and have as good a chance as possible to earn some money, but there is also the wish to also avoid a dead heat. In the example above, you would receive a full each-way payout on all four players who finished in a tie for 6th, if your chosen bookmaker was paying 10 places this week.

With that in mind, let's now look at the bookmakers offering the best each-way terms.

Betfair Sportsbook are Paying 12 Places on The Masters

Betfair Sportsbook are the only sportsbook offering 12 places on The Masters this week as standard. Yes, you will see shorter odds for most of your selections this week on the betting platform, but you will get a 1/5 payout on your outright bet if you bet them each-way on Betfair, and they finish inside the top 12.

When it comes to the top of the market, you won't see a drastic difference in price difference, for example Rory McIlroy is 9/1 with Betfair Sportsbook and best-priced 11/1 elsewhere, but as you get further down the odds board things change.

There are other bookmakers offering 12 places, but Betfair are the only one offering it as their main each-way term. Let's now look into some alternatives.

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Pick Your Place Terms as bet365 offers 3, 5, 8, 10, and 12 Each-Way Places at The Masters

bet365 put the power in your hands with their Each Way Extra promotion. They will offer you increased on a golfer, if you only want 3 places each-way at 1/5 odds, but will also cater to those looking for 12 places on their favourite outright bet. 

Let's look at the example of a popular each-way bet this week, Will Zalatoris, and see how his odds differ across bet365's different each-way place terms.

 

Each Way Place Terms 3 Places 1/5 odds 5 places 1/4 odds 8 places 1/5 odds 10 places 1/5 odds 12 places 1/5 odds
Will Zalatoris Odds 60/1 40/1 35/1 25/1 20/1

 

As you can see from the table above, every time you add places to your each-way bet, your odds decrease, so you need to find the suitable bet for you. If you believe Zalatoris has a strong chance of winning, and you would rather secure value, as opposed to the biggest odds, the sweet spot might be to bet him at 35/1, rather than taking a shorter number to grab a couple of extended place terms.

With bet365 though, the choice is yours, which is the most important thing.

Sky Bet Offers 8 or 12 Each-Way Places for The Masters

Sky Bet has also gone down the route of giving the customer the choice, but unlike bet365, they are only offering two different terms. Their 8 places 1/5 odds offer is where their odds are most in line with the rest of the market, whereas their 12 places each-way offer less perceived value.

Here you will again need to make the decision between trying to secure as many places as possible, without sacrificing a reasonable price.

In the example of someone like Rory Mcilroy, you are getting him at 10/1 for 8 each-way places or 9/1 12 each-way places, so in that case it seems like a no-brainer to take the extra place, or to bet him win-only for the best price.

When it comes to someone like Cameron Young, you are getting 40/1 odds for 8 places or 30/1 odds for 12 places, so there is a bit more to think about, with the additional profit on offer, for sacrificing additional places.

Paddy Power Now Offering 10 Places Each-Way on The Masters

Paddy Power are always keen to get in on a big promotion and their 10 each-way places might be considered many people's sweet spots. The general terms on offer across the board are 8 places each way, and Paddy Power offering an extra two places, while also keeping their odds competitive is key.

A good example of this, is them offering 25/1 odds on Wyndham Clark to back up his U.S. Open win this week, when the best odds available on him in the market are generally 30/1, where there are only 7 places on offer.

Betfred Also Offers 10 Each Way Places for The Masters

Betfred have followed in Paddy Power's footsteps and are offering 10 places each-way on their Masters outright market.

They are matching Paddy Power's place terms, but offering a much larger price on a player like Justin Thomas, who they feel they can take a chance on this week. He is 22/1 with the former, but 33/1 with Betfred, which on the face of it looks strong value compared to the market.

Betfred are also offering bigger odds for two of the favourites, Scottie Scheffler (4/1) and Jon Rahm (11/1) than Paddy Power, so they are doing all they can to remain competitive across the board.

Alternative Bookies for The Masters

Here are some other bookmakers offering strong each-way place terms on The Masters, but just missed out on the list above.

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