Golf - Bet Settlement

If your Outright Each Way bet has been paid out for less than you expected, it is most likely due to dead heat ties in the final leaderboard. A dead heat occurs when two or more participants tie for a position. This will only affect bets placed on golfers who ‘place’, as the winner will be decided by a playoff if necessary.

 

Your payout with dead heat applied will depend on:

  • The player you backed
  • The odds you took when you placed the bet 
  • The Each Way places offered when you placed the bet.  
  • The Each Way place terms (1/5 of the odds you took when you placed the bet) 

 

Your stake will be affected as follows:

  • Win part of the stake is settled as a loser.  
  • Each way part of the bet will be settled as a place, with the stake divided by the number of players tied for the place, multiplied by the number of places available. 

    EG: You had €/£5 each-way on M Wolff (40/1 pre-tournament). EW terms were 1/5, for 5 places. Your bet would be settled as: 
  • €/£10 stake = €/£5 win stake + €/£5 EW stake 
  • Win stake = loser  
  • €/£5 EW stake divided by 5 (number of DH competitors) = €/£1 
  • €/£1 multiplied by 2 (number of places available) = €/£2 DH stake 
  • Odds of 40/1 at 1/5 EW terms terms = 8/1 
  • Total Winnings: €/£2 x 8/1 = €/£16 
  • Total Returns: €/£16 winnings + €/£2 DH stake = €/£18 

 

 

The 2021 Open Championship Leaderboard was as follows:

Pos        Name
1            Colin Morikawa
2          Jordan Spieth
T3          John Rahm
T3         Louis Oosthuizen
5          Dylan Fritelli
T6         Brooks Koepka
T6         Mackenzie Hughes
T8         Dustin Johnson
T8         Robert MacIntyre
T8         Daniel Berger
T8         Scottie Scheffler

First place: 
If you bet on Colin Morikawa it will be settled as the outright winner. 
 

Each ways:

If you bet with 3 each way places on Louis Oosthuizen or John Rahm, your bet will be paid based on 1/2 of your each way stake, as there were 2 selections tied for 1 place.  

If you bet with 6 each way places on Brooks Koepka or Mackenzie Hughes, your bet will be paid based on 1/2 of your each way stake as there were 2 selections tied for 1 place.

If you bet with 8 each way places on any of the players tied for 8th your bet will be paid based on 1/4 of your each way stake as there were 4 selections tied for 1 place.

If you bet with 10 each way places on any of the players tied for 8th your bet will be paid based on 3/4 of your each way stake as there were 4 selections tied for 3 places.

 

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