What is 3 Way Betting?
For many punters, placing a money line bet is the most straightforward way to make a wager. This type of bet is as simple and easy as it comes asking players to determine the straight-up victor of a given match or game. Some sports offer an extra option beyond the most common two-way money line (read this – betting on moneyline).
3 way moneyline also enable sports punters to place bets on either one of the two teams or sides, but they offer an extra option by providing punters with the opportunity to put their hard-earned cash on the possibility of the event or match ending in a draw.
Moneyline 3 way betting applies mostly to events that can end in a tie. A punter can pick from three main possible outcomes. Many sites refer to this type of bet as a 1×2 wager, which means you can bet on a tie, away team to win or the home team to win.
The 3 way bet has three possible outcomes – home team wins, away team wins or will be a draw. In football it’s like a money line bet, but in other sports like hockey, basketball or baseball you will get bigger odds betting on 3 way bets then money line.
Normally when you make an NHL or other hockey league bet, you take a 2 way betting line, which means Team A wins or Team B wins. If you want to increase odds, find better value and get a higher payout on hockey bets, you should take a 3 way betting line. But don’t forget that you are betting on the match winner in 60 minutes of play, if overtime or shootout happens your bet will be lost.
3-way moneyline basketball betting is very similar to hockey betting. So when you take this 3 way line, you are betting that your team will win in regular time – 40 minutes in Europe basketball and 48 minutes in NBA.
The 3 way run line is very popular in baseball betting. It’s like in money line betting you need to choose which team side you are betting on. This run line is always set at 1.5, so if you take -1,5 on your favorite team run line to win, you need that your team will win by 2 runs or more. If you take +1,5 line, when you need that your underdog team to lose by 1 run or to win the game.
A 3 way baseball bet means that you are betting on team victory in regulation time after the 9 innings.
Since there’re three possible results, and it’s difficult to guess the correct one accurately, this type of betting offers more value compared to 2 way money lines. The most popular sports that can allow you to place 3 way bets are hockey, baseball and basketball betting markets.
Types of 3 Way Bet
To understand 3 way betting better, you also need to dip into some varieties. These varieties aren’t dependent on the victor of a game. They are in most cases applicable to certain sports and related to points scored or goals. Let’s explore what is moneyline 3 way line in these particular cases.
In which half will the team score more goals? This bet mostly applies to sports where more goals can be scored, such as basketball. Since two periods of the match are available, this type of wager offers three options which are:
- An equal number of goals scored in both halves
- More goals scored in the first half
- More goals scored in the second half
Another exciting type is related to how goals will be scored. With this three way bet, you can be able to land a winner before the end of the game. Generally, it’s a first-to-score wager, where you are supposed to choose a side that should lead in the match. In this case, three results are possible, which include:
- Neither team scores
- Away team scores first
- Home team scores first
What is 3 Way Betting in Basketball?
It’s a very easy answer to the question what is a 3 way bet in basketball. Similar to other sports, a 3 way betting market is simple and only applies to the outcomes of the game after the regular time. The options are a draw, away team or home team. A 3 way betting basketball is settled on the result after the four quarters.
If you’re backing a basketball team to win, it must emerge the winner in regulation. Here, you can back a tie, meaning your 3 way bet basketball is on the match to end in overtime.
What is a 3 Way Bet in Hockey?
There’re many hockey leagues across the universe, but many punters place bets on NHL, National Hockey League. While the standard two-way money line bet is popular in NHL betting, bettors have a chance to wager on a draw since matches are often tied after the three periods.
If you are looking for higher payouts, longer odds and better value, 3 way moneyline hockey betting should be your final choice. Keep in mind that if you are placing a bet on the victor of the match, the wager is toast if they win during the shootout or overtime.
3 way line betting in hockey is a bet on the sixty-minute match. This doesn’t include penalties or overtime. This means if you place a bet on a team to win, it must achieve that within 60 minutes. You should only back a tie in 3 way hockey bet if you think that the match will be decided by either a shootout or by overtime.
What is 3 Way Bet Baseball?
The process of 3 way betting in MLB baseball is similar to that of other sports. A sportsbook provides the potential result favouring a team that comes with less competitive odds. The less likely outcome is the underdog, while the least likely result is a tie in this particular case.
Placing a wager on 3 way baseball bet market in baseball means that you’re backing a team to be a victor after the nine innings. In baseball, this is known as regulation. A draw after the nine innings means that the outcome on 3 way line bet baseball market is a tie.
3 Way Line Betting Strategies in Different Sports
Whether you love baseball, basketball or hockey 3 way bet, there are some things that you can do to enhance your chances of winning. The most proven strategy is to play with the numbers. For example, when you find a case that looks like this one:
- Home team +125
- Tie +200
- Away team +175
Here, the sportsbook thinks that the match is likely to end in a tie, and the two teams are underdogs when it comes to winning. The side you pick will primarily depend on your research and all the guesses you may have before placing your wager.
To be on the safe side, you should always place a two-sided bet where you can bet on a team to win and for the game to end in a tie. Even if the numbers are the most important thing in terms of increasing your winning chances, there’re also some important factors to consider when placing a 3 way bet hockey or other sports. Before pressing the bet button, ensure you understand:
- How important is the game for the two competing teams
- How does the schedule of the season affect the two teams
- The form of any of the two teams, including injuries and the winning/losing streak
- How does the home team perform at home-ground
- How does the away team perform while not at its home-ground
If you research and evaluate all these things and apply them in your bet, chances are you will be improving your opportunities of increasing a bankroll. In sports betting, you should remember that excellent preparation and choosing a recommended betting site equals success.