What is betting each way in golf betting?

Question

Golf is one of the profitable sport for betting, though there are many baffling terms in golf betting. Like I am unable to understand "betting each way", can you explain this to me.

Answer 1

Betting Each Way

This is a combination of Betting to Win and Betting on a Place Finish. You pay the same stake for each part of the bet. For example, £1 each way for a player winning at 10/1 would mean you get £10 for the win plus £2.50 for the place. If the player does not win but finishes in a place you lose the win bet, but win on the place bet.