Sports Betting 101: What is 3 Way Moneyline?

A moneyline bet is one of the easiest types of wagers for many gamblers. Even new punters can easily understand how to place them. This kind of wager asks gamblers to pick the outright winner of the match or game. Moneyline betting is as simple as that. But what happens if you make a 3-way moneyline in football? Will it be as straightforward as the moneyline?

In addition to the traditional two-way moneyline, several sports provide another choice. Three-way moneylines provide sports bettors with an additional choice. It allows punters to wager on the possibility of the event ending in a tie. At the same time. The 3-way moneyline still enables bettors to choose one of the two sides.

What Is A 3-Way Moneyline Bet?

Three options make up the three-way moneyline. You may wager on a draw in addition to choosing the game’s winner. Despite being a simple betting type, it is one of the most commonly used betting markets.

So, What Does A 3-Way Money Line Mean?

Three-way moneyline betting primarily refers to sporting events where a draw is one of the three possible results. You can wager on a home win, an away win, or a draw in this sort of bet, which is often referred to as a 1×2 bet. There are three alternative outcomes, making this market more difficult to anticipate and providing greater value than a typical moneyline wager.

For instance, if Team A is facing Team B, on a three-way moneyline, you can wager on the following possibilities:

• Team A will win the game.
• Team B will win the game.
• Team A and Team B will end up in a tie.

However, there is no chance of a push when placing three-way moneyline bets. Therefore, you wouldn’t get your money back if you bet on team A to win and the game was a tie.

Besides, you will discover that bookmakers only offer 3-way moneyline bets on sports like football and hockey. This is because only these two games regularly end in ties during regular game times.

How To Bet On A Three-Way Moneyline?

A three-way bet is easy to find in any sportsbook since it is one of the most popular betting markets. The odds for this type of bet are often shown as the match’s default odds. Are you new to sports betting? If so, follow these instructions to place your first three-way wager successfully.

1. Choose an Online Sportsbook in Singapore.

Choose a bookmaker based on your preferences from the list of top online sportsbooks in Singapore.

2. Create a User Account

Make sure you’ve opened and funded an online account before making a wager. A reputable sportsbook in Singapore should offer a wide range of deposit options.

3. Select a Match

The thrilling part will now begin. There are several daily events, so choosing the best match is sometimes challenging.

4. Time To Place Your Bet

Select the game you want to wager on and then click the odds. You’ll discover that the betting slip is pre-populated automatically. Lastly, input your stake amount and place your wager.

What Is A 3-Way Bet In Football?

The outcome is typically decided after full-time; however, rules may vary from sportsbook to sportsbook. For those who have never played the sport, full-time means the full 90 minutes plus any additional time needed due to stoppages, injuries, or other circumstances. After all of that time has passed, the result will either be a winner or a tie.

How Does A Three-Way Soccer Moneyline Bet Work?

In a three-way soccer moneyline bet, the team you choose must outright win the match for your wager to be successful. That is what you will be hoping for if you do choose to wager on a draw. Here is an illustration of a possible three-way moneyline bet:

• Tottenham +125
• Arsenal +240
• Draw +225

As you can see, the sportsbook presented the odds similarly to how they would be for a conventional moneyline. Imagine Arsenal winning the match today. A $100 wager would return a profit of $240 at odds of +240. Naturally, you are free to bet any amount, and the rewards will still be calculated using the +240.

What Happens In A 3-Way Moneyline Tie?

Soccer matches occasionally do not end in draws, such as during some competitions. Despite that, a three-way moneyline could still be a possibility for you. In that case, the wager will only take into account the outcomes from the end of full-time and exclude extra time or shootouts.

Say you predicted Arsenal to win, but the score was tied at the end of full time. Then, Arsenal wins in the shootout. In this case, you would lose your bet because the wager you made was on the outcome at the end of full-time. Besides, Arsenal did not win until the shootout.

What Is A 3-Way Bet In Hockey?

Other leagues or sports might not feature games that finish in ties. Despite that, many bookies might still let you wager on the outcome at the end of full-time. Consequently, you may usually wager on the possibility of a tie.

NHL 3-Way Bet: 3-Way Moneyline Hockey

In the 2005–06 NHL season, for example, they implemented an overtime shootout rule. As a result, one of the teams will always win. However, a lot of sportsbooks allow you to wager on 60-minute lines. In addition, they also allow you to bet on the outcome following 60 minutes of standard play. These bets will resemble three-way moneylines.

3-Way Moneyline Bet FAQs:   

What Happens If You Wager On Another Sport And It Ends In A Tie?

That is a push, thus the bookmaker will repay your wager. In addition, the bookmaker will cancel any betting on either team to win. Then, they will refund them all because there was no winner. In a sportsbook’s terms and conditions, you might discover more explanations about pushes.

What Exactly Is Three-Way Betting?

A three-way betting market offers the potential of a draw after regulation. The home team, the away team, or the draw are the three possibilities for betting.

What Is First-Quarter Three-Way Betting?

Basketball games can be divided into quarters and halves by bookmakers upon request. A three-way wager on the first quarter is one on who will win the period, with the tie being taken into account. Your wager is settled on this market using the score at the end of the first quarter.