What is a 3-Way Bet?- AKA “1×2 Moneyline Betting”
A 3-Way bet allows us to bet on three potential outcomes - the home win, the away win and the draw. In this guide we’re going to examine how 3-Way betting works in sport, along with which sports and events this market is available on. We’ll also show you some real life examples to explain how 3-Way betting differs from a 2-Way bet.
What is a 3-Way Bet?
3-Way bets can, in certain sports, often be referred to as Match Winner, Full-Time Result or 1X2. Online operators title their Winner markets differently, but essentially they all mean the same - you’re betting on the home side to win, the away side to win or the draw.
There are numerous sports where 3-Way betting is available. As we’ve touched upon, football is arguably the most common sport for 3-Way betting but there are plenty of others, too. The most popular sports for 1x2 Moneyline betting include the following:
- Football
- Ice Hockey
- Gaelic Hurling
- Gaelic Football
- Rugby
- Boxing
Some operators even allow the 1x2 bet on basketball fixtures in their Without Overtime market. Let’s compare the 2-Way and 3-Way betting odds for the WNBA fixture between Los Angeles Sparks and Seattle Storm.
Los Angeles Sparks to Win (2-Way) | Seattle Storm to Win (2-way) |
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2.75 | 1.40 |
Los Angeles Sparks to Win (3-Way) | Draw | Seattle Storm to Win (3-Way) |
---|---|---|
2.95 | 11.0 | 1.48 |
What is the Difference Between 2-Way and 3-Way Bets?
The simple difference between a 2-Way bet and a 3-Way bet is that the latter allows you to bet on the draw, as well as the home and away wins. A 2-Way bet might be regarded as slightly easier to understand - you’re simply choosing a team or player to win. With a 3-Way bet, while a third outcome can make a bet more difficult to win, the option to bet on the draw can potentially add value with odds on a tie often being higher than odds on either side to win.
For example, let’s take the English Premier League fixture between Leeds United and Everton. The 3-Way odds for this fixture as as follows:
Leeds to Win | Draw | Everton to Win |
---|---|---|
2.52 | 3.25 | 2.75 |
As you can see, the odds on the draw offer slightly more value than the odds on either side to win. Now, this isn’t always the case. In football especially, very often the away team has the longest odds attached. However, what this does show is that value can be found if you conduct your research thoroughly.
This is a really important point to make. 3-Way bets must be researched thoroughly, only considered by bettors who have put in the effort to analyse their betting options. While a 3-Way bet obviously offers more options than a 2-Way bet, it also provides more chances to lose. To put it clearly, betting on one outcome in a 3-Way bet means there are two ways in which you can lose.
There are sports where betting on the draw can offer significantly greater value. Take boxing, for example. If you’re betting on a bout where the two fighters are evenly matched, you might consider the draw to be the most likely outcome. In addition to this, the odds on the draw can be much higher than the odds on either fighter to win.
Let’s look at the fight between Samuel Molina and Anas Messaoudi. The odds for this bout are as follows:
Molina to Win | Draw | Messaoudi to Win |
---|---|---|
1.30 | 17.0 | 3.50 |
The odds indicate that Molina is the favourite to win the bout, with Messaoudi classed as the underdog. However, there isn’t too much difference in the way of winner odds, certainly compared to many other boxing matches where the outsider has hugely long odds. If we believe a draw is on the cards, we might be tempted by the price of 17.0.
3-Way Bets Real Examples
Let’s take a closer look at a 3-Way bet. For this example, we’re going to use ice hockey, focusing on the NHL fixture between the Chicago Blackhawks and Florida Panthers.
The 3-Way odds on this fixture are stated in the table below:
Florida Panthers to Win | Draw | Chicago Blackhawks to Win |
---|---|---|
1.40 | 5.25 | 5.0 |
Home Team Bet
So, the odds on the Panthers to win are 1.40, indicating that they are the favourites to win the match. If we were to place $10 on the Panthers to be successful, we’d receive $14 back (our initial $10 stake plus $4 profit) if our bet wins.
Away Team Bet
The Blackhawks are priced at 5.0 to win the game, signifying that they’re classed as the outsiders or underdogs in this fixture. If we were to place $10 on the Blackhawks win, we’d receive $50 back (our initial $10 stake plus $40 profit) if our bet wins.
Draw Bet
A 3-Way bet offers us this option. If we believe that the two sides are evenly matched, we might consider betting on the tie. The draw is priced at 5.25, which are the longest odds of all three potential outcomes. If we were to place $10 on the draw, we’d receive $52.50 back (our initial $10 stake plus $42.50 profit) if our bet wins.
3-Way Bet Bonuses
There are a variety of bonus offers and promotions that can be claimed or qualified for when you place bets on 3-Way markets. Note, though, that it’s important to check the terms and conditions of the offer you’re taking. Some promotions don’t allow for the draw, or are only eligible if a particular side or player wins. In these cases, it’s best to place bets normally and use any potential bonus on another sport or market.
Below, we’ve examined the most popular types of bonus you’re likely to come across at your chosen online sportsbook.
Welcome Bonuses
Almost every betting site you’ll come across will offer some form of welcome bonus or new customer offer. These are often hugely enticing as they’re designed to attract new bettors to a particular site. In addition, they often provide a greater reward than existing customer promotions.
While welcome offers will vary from bookmaker to bookmaker, the most common types of bonuses for new customers include deposit match bonuses and free bets offers. The terms of these offers tend to be reasonably strict, so we need to reiterate the importance of understanding all terms and conditions of a welcome offer before you sign up.
Free Bet Promotions
Free bet promos are incredibly common with online Sportsbooks. They’re often part of new customer bonuses, but also are a common sight in existing customer promotions. Free bets can be offered under a range of circumstances, such as placing a bet on a particular fixture, or staking a specified amount on a certain market.
Enhanced Odds Offers
Enhanced Odds are another popular promo, available as part of new and existing user bonuses. With an Enhanced Odds offer, the price of a particular event happening is dramatically increased. For instance, you might come across a promo offering odds of 31.0 on PSG to beat Tottenham Hotspur in the UEFA Super Cup, greatly inflated from the original odds of 1.40.
With this type of offer, the enhanced part of winning bets are usually paid out in free bets, with cash winnings based on the starting price.
Accumulator Bonuses
Betting on accumulators has become incredibly popular in recent years. As such, there are now a whole host of bonuses and promotions based on accumulator betting.
Acca Insurance is probably the most well-known accumulator bonus. With this offer, you’ll receive your stake back if one of your selections in your Acca fails to win.
Another popular Acca bonus is the Acca Boost. With this promo, you’ll receive additional winnings if all of your selections in your accumulator win.
Remember to Always Gamble Responsibly
The most important factor in all forms of gambling is that you do so safely and responsibly. Before you start placing your 3-Way bets, there are a few key points you should remember.
No matter which site you sign up to, you’ll find a Responsible Gambling section. We highly recommend you check out what your chosen site offers in their Responsible Gambling pages. You’re likely to come across a range of betting tools and advice designed to help you stay in control of your betting.
Included in these tools are a series of Limits you can set, such as Deposit, Loss, Wager and Time Limits. When you set up a Limit, you’ll be unable to go beyond this amount or time period. For instance, if you set up a Deposit limit, you won’t be able to make further deposits for a set period of time.
Similarly, there are Time Out and Cooling Off periods you can set to block access to your account for a reasonably short period of time, usually between 1 week and 6 months. It’s also possible to Self-Exclude. Self-Exclusion time limits are often available from between 6 months and 5 years. It’s also possible to permanently self-exclude if you so wish.
We recommend you check out the Responsible Gambling section of your bookmaker of choice and utilise the tools and resources available.
Conclusion
As this type of bet requires a lot of thought, it might not be suitable for casual bettors who are just looking to place a Winner bet. However, if you’re a bettor who likes strategy and research, a 3-Way bet might suit your betting style.
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Any sport that can end in a tie is an option for 3-Way betting. The most popular sports include football, ice hockey and boxing.
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With three possible outcomes rather than two, 3-Way bets can be more difficult to call correctly. They can require additional thought and research as the tie needs to be considered.
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Generally, odds can offer more value than a 2-Way bet. This, though, depends on the sport and the particular teams featuring in that fixture.
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No, 3-Way bets are only an option for regulation or regular time bets.