Short Answer: An Each-Way (E/W) bet in golf is effectively two separate bets: one for the player to win the tournament outright and one for the player to finish within the 'placed' positions (e.g., Top 5 or Top 8).
1. The Payout Math
If you place R10 E/W, your total stake is R20. The 'Win' part of the bet pays at the full odds (e.g., 50/1), while the 'Place' part typically pays at **1/4 or 1/5 of the odds**. For a 50/1 shot at 1/5 odds, you would be paid at 10/1 if your golfer finishes in the Top 5 but does not win.
2. Strategy: 'Including Ties'
In golf, it is common for multiple players to finish in a tie for 5th place. Some SA bookmakers use Dead Heat rules, which reduce your payout if your player is tied with others. Look for markets that specifically say 'Including Ties' to ensure you get the full place dividend regardless of how many players share the position.
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