Each-Way Bet Calculator
Work out exactly what a golf bet returns — win-only or each-way, fractional or decimal odds. Everything runs in your browser; nothing is stored or sent anywhere.
Returns include your stake back. "Places" (how many finishing positions count) varies by sportsbook — commonly top 5–10 at golf majors, and many books boost places during The Open.
How each-way golf betting works
What is an each-way bet?
An each-way bet is two bets in one. Half your total stake goes on your player to win; the other half goes on them to place (finish inside the sportsbook's payout positions, usually top 5–10 in a major). If your player wins, both halves pay. If they place but don't win, only the place half pays — at a fraction of the full odds (typically 1/4 or 1/5).
Why golf bettors love each-way
With 156 players at a major like The Open at Royal Birkdale, even the favorite usually loses. Each-way betting turns a 40/1 longshot's top-5 finish into a solid payout instead of a losing ticket.
Example
$20 each-way at 40/1 with 1/5 place terms = $10 to win, $10 to place at 8/1. Player finishes 3rd: the win half loses, the place half returns $90 ($80 profit + $10 stake) — a $70 net profit on a player who didn't win.
This calculator is an odds-math tool, not betting advice. Please gamble responsibly.