Sportsbook: What does a 'Dead Heat' in golf mean?


A dead heat in betting is when two or more participants tie for a position in an event.


Golf

A dead heat in golf betting is when two or more participants tie for a position in an event. In golf, you generally cannot have a dead heat for the actual winner of a tournament, as extra holes are played to decide the overall winner.

This is not the case for the “placed” golfers. It is common that within the majority of golf tournaments a dead heat of some description may occur.

The leader board looked like this at the end of the 2016 Open tournament:

 Position

 Name

 Score

 1

 Henrik Stenson

 -20

 2

 Phil Mickelson

 - 17

 3

 J. B. Holmes

 - 6

 4

 Steve Stricker

 - 5

 Tied 5

Sergio Garcia

 - 4

 Tied 5

 Tyrell Hatton

 - 4

 Tied 5

 Rory Mcilroy

 - 4

 8

 Andrew Johnston

 - 3

 Tied 9

Bill Haas

 - 2

 Tied 9

Dustin Johnson

 - 2

 Tied 9

Soren Kjeldsen

 - 2


Example 1: Each Way dead heat for 5th place - The Open 2016


You have staked £20 each way on Rory Mcilroy to win the US Masters at 10/1 (11.0). We paid five places after the start of the tournament at each way terms of 1/4 of the odds. The leader board looked like the above at the end of the tournament:

The top four places are occupied and undisputed; however there are three players level for the final place. So what now?
Dead heat rules state that your stake should be divided by the number of competitors involved in the dead heat and then settled at the normal odds. This means that the example bet above would be settled as follows:

An each way bet is essentially two bets, one bet on the selection to win and one bet on the selection to place. The £10 (€10) win part of your bet is a loser, as Mcilroy didn't win the tournament.
The place part of your bet is £10 (€10). In a dead heat situation, your stake is divided by the number of competitors involved in the dead heat and then multiplied by the number of places they are tied for. In this instance there are three players: Mcilroy, Hatton and Garcia all tied for one place (5th). This means your £10 (€10) stake becomes £3.33 (€3.33). So we're working out £3.33 (€3.33) at 10/1 (11.0) with each way terms of 1/4 of the odds. The calculation will look like this:

Place terms 10/1 divided by 4 = 2.5/1
Dead heat - three players sharing one place

Your reduced stake changes from £10 (€10) to £3.33 (€3.33)

Total returns:
Reduced stake x place terms + reduced stake = £3.33 (€3.33) at 2.5/1+ £3.33 = total return = £11.65

Example 2: Dead heat for 10th place - The Open 2016

You have staked £10 on Dustin Johnson in the Top 10 of the US Masters at 10/1 (11.0). The top eight places are occupied and undisputed; however there are three players level in the final two places in the Top 10. So what now?
Dead heat rules state that your stake should be divided by the number of competitors involved in the dead heat and then settled at the normal odds. This means that the example bet above would be settled as follows:

In a dead heat situation, your stake is divided by the number of competitors involved in the dead heat and then multiplied odds you took when placing the bet. In this instance there are three players: Johnson/Kjeldsen/Haas for only two places (tenth). This means your £10 (€10) stake becomes £6.66. So we're working out £6.66 at 10/1 (11.0).

Total returns:
Reduced stake x Odds + your reduced stake = £6.66 at 10/1 = total return = £73.26