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What is a 3 way money line bet

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What is a 3-Way Money Line Bet: A Simple Guide to Understanding and Using

In the world of sports betting, the 3-way money line bet is a popular option for bettors looking to add some excitement and potential profit to their wagering experience. This article aims to provide a clear and concise explanation of what a 3-way money line bet is, its benefits, and when it can be used.

I. Definition:

A 3-way money line bet is a type of wager that allows bettors to predict the outcome of a sports event with three possible outcomes: Team A winning, Team B winning, or a tie/draw. It is commonly used in sports like soccer and hockey, where a tie is a possible outcome.

II. Benefits of a 3-Way Money Line Bet:

  1. Increased Odds: Compared to a traditional 2-way money line bet (which only considers the two teams), a 3-way money line bet offers higher odds and potential payouts due to the inclusion of a tie option.

  2. Versatility: This type of bet gives bettors more options and flexibility to choose their desired outcome. It allows for a wider range of strategies and can cater to different risk appetites.

  3. Excit

A live bet is a bet made after the event has started and while it is still ongoing. Live betting is also known as 'In-Play' or 'In-Game' betting.

What does 60 minute correct score mean?

The odds will be more attractive than regular moneyline betting but the risk associated is that the game goes to overtime and none of the three-way options come in. There is another option for 60-minute betting on the correct score, where you try to predict the correct score of the match after 60 minutes.

What is the difference between live betting and pre game betting?

In pre-match betting, the bettor must make their bet before the event begins, and after it has started, they are stuck with it. In live betting, the wagering will be ongoing throughout the event.

What is live regulation time bet?

In case you aren't familiar with NHL regulation time betting, it's when you bet on what happens in the first 3 periods of the game only. What happens in OT or a shootout is irrelevant. In NHL regulation time betting, most sportsbooks offer 3 main options: 2 way Moneyline.

How do you win a live bet?

Live betting: the rules to follow when placing a sports bet
  1. Always pay close attention to the match.
  2. Manage your bets.
  3. Make sure you have the exact score.
  4. Bet at the best odds.
  5. Don't fall into compulsive betting.
  6. Stay objective.
  7. Read on for more details on each tip.

What does 60 min correct score mean?

The odds will be more attractive than regular moneyline betting but the risk associated is that the game goes to overtime and none of the three-way options come in. There is another option for 60-minute betting on the correct score, where you try to predict the correct score of the match after 60 minutes.

What does +1.5 puck line mean?

So, if you back a favourite on the puck line, they need to win by two or more goals for your bet to come in. This is known as covering the spread. The underdog, meanwhile, will be denoted by a plus sign (+) followed by 1.5. This means that 1.5 will be added to their final score at the end of the game.

Frequently Asked Questions

What does score 30 mins mean?

Score30Min, implies you have to predict whether a goal will be scored in the first 30 minutes of the match.

What is a 3-way line?

Simply put, three-way betting odds offer three wagering options that focus on regulation time results only. They differ from two-way odds as a TIE is added as a third betting choice. Three-way lines are offered in most competitions where a draw is a possible outcome.

What is the 3-way moneyline on Fanduel?

The 3-Way bet offers another option into the mix: A tie. You can see that in the second green box above. If you bet the tie, it would mean the teams would have the same score at the end of regulation time. Adding this option adjusts the odds on the moneyline for each team, often enhancing odds for the teams.

What is the 3 way bet rule?

Whereas a typical moneyline bet involves a bet on one of two options, three-way moneyline betting involves three options. When wagering on a three-way moneyline, you can bet either Team A to win, Team B to win, or for the event to end in a tie (sometimes referred to as a 'draw').

What is the moneyline 3 way on FanDuel?

The 3-Way bet offers another option into the mix: A tie. You can see that in the second green box above. If you bet the tie, it would mean the teams would have the same score at the end of regulation time. Adding this option adjusts the odds on the moneyline for each team, often enhancing odds for the teams.

What is a first inning 3 way bet in baseball?

A three-way line is a market on an event that has three possible outcomes: Team A wins, Team B wins, or a draw. The odds on a three-way line will always be higher than odds on a two-way line because there is an additional outcome.

What is the minimum each way bet?

Each-way betting rules
Number of RunnersMinimum each-way placesFraction of Odds
01-Apr0 (Win Only)n/a
05-Jul21/4
8 or more31/5
16 or more (handicapped races)41/5

FAQ

How does 3 way moneyline work in soccer?
Soccer events can be a 3 way (Team A, Team B, and Draw) or 2 way (Team A or Team B). When wagering on the 3-way moneyline there are three options. Your selected option must be correct for your wager to be a winner. For example, if you selected Team B and the event ends in a Draw, your selection on Team B loses.
What is the 3 way moneyline on Draftkings?
3-way moneyline Unlike the 2-way moneyline, the 3-way also includes the tie/draw option and, in such cases, the wagers won't be refunded. In this case, Switzerland is the favorite at +120, which means that a $100 bet can bring you $120 in profit if Switzerland wins.
What is a 3 way run line?
A three-way line is a market on an event that has three possible outcomes: Team A wins, Team B wins, or a draw. The odds on a three-way line will always be higher than odds on a two-way line because there is an additional outcome.
What is the 3 way spread on FanDuel soccer?
However, at FanDuel, soccer gamblers are given 3 choices on the spread: Favorite-to-cover, Underdog-to-cover, or Handicap Draw. There are no push outcomes. Bettors can choose “Handicap Draw” at (-1) or (-2) or (-3) for the favorite, choosing an exact margin-of-victory proposition bet.
How does moneyline work in soccer?
A three-way moneyline means you can bet either Team A to win, Team B to win, or on the Draw to win. These bets are settled after full-time, meaning at the conclusion of 90 minutes of play plus any added injury time/stoppage time.
What happens to my bet if there is a draw?
If there's a draw, your bet is split in half: one half is considered a win, the other half is considered a draw and its stakes are refunded. 0.5 You win if your team draws or wins the match. You win if your team wins or draws the match. If it loses with a one goal difference, you lose half of the stake.
What happens if your bet ends in a draw?
In the event of a draw all match bets will be voided, and stakes returned. This includes a fight that ends in a majority draw.

What is a 3 way money line bet

What happens if you bet on a fight and its a draw? If the wagering offer on a match includes the draw as a third option and the match ends in a draw, wagers on the draw will be paid, while wagers on either fighter will be lost. This includes a fight that ends in a “majority draw.”
What happens if you bet on a team and they draw? Draw no bet (DNB) means that if you bet on a team to win a game and the game ends in a draw, you get your stake back. It's like an insurance policy for your bet in the event that it doesn't quite work out. However, if you bet on a team using the draw no bet and they end up losing the game, the bet will lose.
Who wins if it is a draw? A draw occurs in chess when neither player wins nor loses—the game ends in a tie. Either of the two players can ask for a draw, and after the game is tied, each player wins half a point.
What happens in a tie in a 3-way bet? The 3-Way bet offers another option into the mix: A tie. You can see that in the second green box above. If you bet the tie, it would mean the teams would have the same score at the end of regulation time. Adding this option adjusts the odds on the moneyline for each team, often enhancing odds for the teams.
What does 3-way means in betting? The most common betting option for games in World Cup group play is referred to as “three-way” betting. You can bet on either team to win, or you can bet that the match will be a draw. If you're used to betting point spreads in football and basketball, it takes a bit of a mental leap to adjust.
What does 3-way mean in DraftKings? A "Head to Head" or "3-Way " is a competition between two or three participants/outcomes, originating from either an officially organized event, or else, as virtually defined by DraftKings. Half Time/Full Time. "Half time/Full time" is where it is possible to bet on the result at half time and full time.
  • How does a 3-way moneyline work?
    • A three-way moneyline asks you to pick one of the two sides as the winner OR if the game will end in a tie or draw. So, if you're wagering on a sport that doesn't have ties, like college basketball or the NBA, you generally would pick between Team A and Team B to walk away as the winners.
  • What is a 2x3 bet?
    • If you placed a Round Robin wager, your bet would be divided into three 2-leg parlays (Rams/Chargers, Rams/Giants, and Chargers/Giants). This is usually denoted on the bet slip as “By 2s x3 wagers,” where 2 is the size of each parlay and 3 is the number of parlays.
  • How does a system 2 3 bet work?
    • What is a system 2/3 (3 bets)? A 2/3 system consists of 3 bets which transpire from 3 picks -- three 2-pick multis (parlays). At least two of the three picks must be correct to gain some winnings - the exact amount of the winnings depends on how many of the predictions prove correct.
  • What's a 2 pick round robin?
    • If you choose to place a 2 Pick RR, it will cover all combinations of these three outcomes and you will be placing 3 bets with one transaction: The 2 Pick RR combinations would be: Cowboys + Eagles. Cowboys + 49ers. 49ers + Eagles.
  • Is round robin a good bet?
    • Advantages: Increased Chances of Winning – Round robin bets provide multiple opportunities to win, even if one or more teams in your selection lose. By creating various combinations of parlays, you increase your chances of hitting at least one winning parlay.
  • How does a 2x3 round robin work?
    • However, in a round-robin wager, you are actually betting three two-team parlays involving your three selections: A two-team parlay where teams A and B must win, a two-team parlay where teams B and C must win and a two-team parlay where teams A and C must win.