A guide to USPGA golf extra places 2018.
The USPGA Championship 2018 from 9th to 12th August is the final golf major of the year after the US Masters, US Open, and The Open Championship.
Bookmakers pay out extra places for each-way bets on these major tournaments. The savvy Matched bettor can back and lay numerous golfers – hoping to hit an extra place payout.
Golf each-way betting
When betting each-way your stake is split in to two equal parts.
- One half of your stake is on a golfer to win.
- The other half of your stake is backing a golfer to place (i.e. finish in the top 5 places)
£10 each-way at 10/1 (11.00) with 1/4 odds to place is a total stake of £20.
£10 of the stake is to win at 10/1 (11.00), and £10 is to place at 5/2 (3.50).
Calculating place odds
To calculate the place odds in decimals, take the fractional odds of 10/1, divide by 4, then add 1.
10 divided by 4 = 2.5 + 1 = 3.5
If your golfer finishes in the extra places, you win both sides of the matched bet. Your back bet wins at the bookie (+£25) and your lay bet wins at the exchange (+£10).
Larger each-way stakes have a higher potential profit from extra places. However, bigger stakes incur a higher qualifying loss unless you find an each-way arb.
The main disadvantage of golf majors is the large size of the field. However, a 2-pillar matched betting strategy is optimal:
- Matched bet several players.
- Minimise qualifying losses. Only take good odds matches.
Use Oddschecker to find potential each-way golf bets. The best odds on each golfer is shown in bold underlined text. Look for close odds matches in comparison to the exchange lay markets (‘Winner’ and ‘Top 5 Finish’).
Most bookies now offer between 6 and 10 places at 1/5 the odds each-way. You may find a few bookies offering 1/4 the odds each-way.
Laying golf each-way bets
Navigate to Betfair or Smarkets and lay both parts of your each-way stake.
WIN PART: Place a lay bet on your golfer in the tournament winner market.
PLACE PART: Place a lay bet on your golfer in the ‘Top 5 Finish’ market.
Play around with some figures and look to slightly underlay. Underlaying yields a small profit if your golfer wins or finishes in the top 5, whilst keeping qualifying losses down.
You can also lay in the “Top 10 finish” market at Betfair Exchange for Coral and Paddy Power 10 places.
USPGA 2018 each-way betting
Here is a summary of extra places for the US PGA Championship 2018.
10 Places at 1/5 the odds each-way
- Paddy Power
8 Places at 1/5 the odds each-way
- (Selected TGP Group bookies): 12Bet, Betvision, Fun88, Sportpesa, TLCBet, Fun88.
- Betfair Sportsbook
7 Places at 1/5 the odds each-way
6 Places at 1/5 the odds each-way
William Hill (“Super Boosts” on 3 selections. Boosted odds are only for the win part of your each-way bet).
Please check Oddschecker for the latest extra places information, as bookmaker traders can change the place terms at any time.