must ask...what is e.w.??? and 3 ball??
Thanks, scrubs, for furnishing an accurate response to the question.
I had a very busy week last week, with barely any time for capping The Masters (but I made time to watch much of the four days, because it's The Masters), but I now have time to answer your question.
It is accurate to think of an
each-way (e.w.) bet as basically two bets - one bet is to win, the other is to “place”.
Traditionally, most books with e.w. betting have offered odds of 1/4th the win odds for any finish in the Top 5 (i.e., 16/1 for Woods to Win, and 4/1 for Woods to finish in the Top 5). Now, more books that offer e.w. betting are offering odds of 1/5th the Win odds for finishing in the Top 6 or even Top 8 (i.e., 40/1 odds for Kuchar to Win, and 8/1 for Kuchar to finish in the Top 8) . . . Also, most American books may not offer the simple expedient of placing an e.w. wager, and you actually have to make one wager on winning, then make a separate wager on placing in the Top 5, in which case there is often little consistency on every player in the field with regard to the precise ratio between the win odds and the place odds (i.e., you may get Woods at 16/1 to Win and 3/1 for top 5, while ketting Kuchar at 45/1 to Win and 12/1 for Top 5, and Martin Kaymer at 150/1 to Win and 18/1 for Top 5, etc.).
For consistency in posting my record, all e.w. wagers are treated as 1/4th Win odds for Top 5 on the place wagers.
One additional aspect of e.w. betting that needs to be understood and discussed is the
“dead heat rule”, which is fairly consistent at all books. As an example, if the book pays for the Top 5 on a place wager, and if 4 players are tied for 3rd-4th-5th-6th, then 3/4 of my e.w. wager will be paid off as a winning wager (3rd, 4th and 5th), while 1/4th will be treated as a losing wager (6th). Similarly, if 6 players tie for 5th, 1/6th of my e.w. wager is a winning bet (5th), while 5/6ths of the wager is a loser (6th, 7th, 8th, 9th and 10th).
And with regard to
3 Balls, it is a wager on who will prevail in an actual "pairing" of 3 players in the same group. Here the dead heat rules can also come into play, so if I wager on Finau(+162) over Garcia/Stenson, and Finau and Stenson tie for low score with 71 (while Garcia shoots 74), then 1/2 of my +162 wager is a winning wager, and 1/2 is a losing wager, for a return of (.81 +.50) = 1.31 units (+0.31*) on a 1 unit wager.
Hope that helps.
GL