Each-way betting involves placing two separate wagers. The first part of the wager is on the golfer to win outright, and the second is on the golfer to finish in the top 3, 4, or 5+ places. If your golfer wins the competition, you will receive payouts on both bets. If your golfer finishes in the top 3, 4, or 5 - you’ll be paid out on the each-way bet, not the win portion. That’s why it's critical to understand how many spots your bookmaker offers for an each-way bet.