What are 3-way Odds?
In the world of sports betting, understanding the odds is the foundation of making informed and strategic decisions that foster success and drive profit. It doesn’t matter if you are a beginner; you can play the three-way betting option.
As experts in the betting industry, we will guide you through three fundamental ways to comprehend betting odds and increase your chances of making profitable wagers.
Key Takeaway
- A 3-way bet is the first betting option that appears on your sportsbook’s app. It comprises Home winning, Draw/Tie, and Away winning.
- The concept of 3-way line odds is that there is only one way to win and two ways to lose. Read more on 3-way betting below.
What is a 3-Way Odd Bet?
A 3-way or triplets bet is the three betting options that appear first on most bookmaker mobile applications. You might have seen this type of bet, but you probably don’t know. In soccer betting, a 3-way bet comprises the Home team winning, the drawing, and the Away team winning.
The concept is easy, as there is only one way to win and two ways to lose. What does that mean? The next section will explain further how a 3-way bet works.
What are Examples of a 3-Way Bet?
A quick example is that in 3-way odds, you only have one option to choose from amongst the three betting options that will be provided, unlike two-way betting, which involves only either the Home or away team winning, in 3-way betting a draw chance is included.
In other sports like ice hockey or lawn tennis, three-way betting options are also available. However, there are rules. For sports like ice hockey, overtime wins do not count, and for football and soccer, only outcomes within 90 minutes of playtime and added time (injury time) will be counted.
Extra times are not awarded. Some soccer matches as part of the tournament cannot end with a tie as a team has to come out victorious, tournaments like Qualifiers, Champions League Finals, or World Cup Finals where both teams settle in a tie and they have to go on an extra 30-minute play time to determine the winner, which may probably lead to a penalty shoot-out if either of the teams wins, such winning that settles within the extra time or penalty shoot-outs will not be awarded as they are beyond the regular 90 minutes plus added time.
What is the Difference Between 3-Way and 2-Way Betting?
Unlike 2-way betting, which only requires betting on either the favorite or the underdog, 3-way betting goes way beyond 2-way odds betting as a TIE bet option is added as a third betting choice.
This simply means that two-way betting only has Home and Away winning options, while three-way betting odds have both Home and Away winning options and an extra betting option, which is “Draw”.
Three-way lines are offered in most competitions where a potential draw is possible. They are available on a variety of sports betting options, such as money line, game total, and point spread wagering choices.
Can 3-way Betting Be Played During a Live Match?
Yes, although the options may not be available due to various factors, one of which is how strong the favorite is against the underdog. The favorite odds may not be available during a live match, while the other two options, which include a tie, will be available.
Another factor that may affect playing 3-way during a live match is the current score of the match. If one of the teams is winning by a large margin, the odds for that team may not be available. The last depends on the match’s time frame. When the match is heading to stoppage time, most bookmakers lock odds and prevent odd staking.
Is It Possible to Play 3-way in Halftime/Fulltime?
Yes, playing 3-way betting for either of the halves is possible. You can wager your stake on a team to either win or choose the draw betting option for none of the teams to win within a half-time play time frame or full-time.
Does Hockey have 3-way betting?
Even though a hockey game never ends in a tie, sportsbooks still find a way to offer three-way betting odds. In professional hockey games, a game will never end in a tie. If a game does end in a tie, then the match will be granted 5 minutes of overtime for a team to be victorious, and in the absence of a victory, the decision will have to be made in a shootout.
This idea is similar to the example we gave on soccer games in the second section of this article. Sportsbooks still make 3-way odd offers possible in tournaments like the NHL, where 3-way odds will be decided at the end of the third period.
Hockey 3-way lines can be a bit more challenging to locate. Look for 3-way NHL lines under the “more wagers” or “game props” titles since it is seen as more of a “prop” and differs from a traditional money line bet.
Where Else Can 3-way Odds Be Found?
Other than football and ice hockey, 3-way odd lines can be occasionally found in specific prop bets such as Golf, Baseball, and Tennis.
For instance, in golf, a three-way line may be decided like: Who will score lower in the next hole? The options will be (Player A, Player B, or TIE).
In tennis, it may be decided by: How many games will be played in the first set? Options will be (8 or less, 9 or 10, 11 or more)
How Do I Make a 3-way Bet?
Playing 3-way line odd is nothing complex, as it can be seen the moment you open any sportsbook you use on your mobile phone. 3-way bet odds are usually the first three odds that come up on the interface of your sports betting app. It comprises Home winning, Away winning, and TIE, which is mostly referred to as draw.
In a 3-way bet, there is only one way to win and two ways to lose. This means deciding on one of the three odds (Home | Tie | Away). However, if your 3-way wager is more of a prop bet, check under the “more wagers” or “game props” headings.
In addition to 3-way odds, note that the Home and Away option signifies a straight win for either the favorite or the underdog (stronger or weaker team). In contrast, the Tie which usually carries the symbol of X in most sportsbooks, signifies a draw.
Conclusion
Betting odds are an essential aspect of sports wagering, and understanding them is vital for making informed betting decisions. Decimal, fractional, and American odds are the three most common formats, each with its unique characteristics.
By mastering these concepts, you’ll be well-equipped to navigate the betting industry, analyze odds effectively, and increase your chances of success in the exhilarating world of sports betting.
Remember to always bet responsibly and to view sports betting as a form of entertainment rather than a guaranteed source of income. Betting is not for anyone below the age of 18. Enjoy!
