A Moneyline 3-Way Bet, popular in sports like soccer, hockey, and others where games can end in a draw, is a type of wager offering three possible outcomes for a game:
Unlike a traditional moneyline bet, where there are only two possible outcomes (one team wins or the other team wins), the 3-way moneyline adds a third outcome, which is especially beneficial in sports with regular-season games that don’t always proceed to overtime, or where ties are common.
In a Moneyline 3-Way Bet, you are simply betting on one of three possible outcomes. You are betting that:
Important Note on Regulation Time
It’s crucial to remember that overtime or penalty shootouts are not considered in 3-way bets. If the game proceeds into overtime, your 3-way bet is settled based on the score at the end of regulation time, regardless of what happens afterward.
This setup makes 3-way bets appealing in sports like soccer and hockey, where a game’s outcome at the end of regulation is often different from what might happen if the game extends beyond that point.
Let's look at an example using a hypothetical soccer game between Team A and Team B. The 3-way moneyline odds could look like this:
Here’s what each set of odds means:
Team A Wins (+150): If you bet on Team A to win, they must win in regulation time for you to collect your winnings. A PHP 100 bet would pay PHP 150 in profit, totaling PHP 250 when including your original stake.
Team B Wins (+200): Similarly, a PHP 100 bet on Team B to win in regulation would yield PHP 200 in profit, totaling PHP 300 with the original stake if Team B wins outright.
Draw (+250): If you bet on a draw, the game must end in a tie at the end of regulation. A PHP 100 bet on this outcome would pay PHP 250 in profit, for a total return of PHP 350.
Let's say you bet PHP 100 on Team A to win (+150). Here’s how different outcomes would affect your bet:
This structure gives bettors clear options but also requires a more precise prediction.
To illustrate the difference, let’s compare with a traditional 2-way moneyline bet, where you can only bet on one team or the other, and the game’s outcome, including any overtime or penalties, determines your result.
In a 2-way moneyline, the odds might look like this:
In this case, you’re betting on which team will win overall, with overtime or shootouts included. If the game is tied at the end of regulation, the 2-way moneyline bet still gives you a chance to win, as it extends to cover overtime.
A 3-way bet does not have this flexibility; it is based solely on the score after regulation, making it both more challenging and potentially more rewarding.
Some sports lend themselves naturally to 3-way moneyline bets, due to their structure and scoring:
Higher Payouts: Since there are three potential outcomes, payouts are typically higher for each option than in a traditional 2-way bet. The added third choice disperses the odds, which can be advantageous for those aiming for higher returns.
Useful for Tie-Heavy Sports: A 3-way moneyline is ideal for betting on sports where ties are frequent, such as soccer or hockey, as it accommodates the possibility of a drawn outcome.
Greater Risk: With a third potential outcome, there’s a higher chance of losing. For instance, in soccer, betting on a win or a draw carries inherent risks, as the game could easily end in the outcome you didn't choose.
No Overtime Consideration: In 3-way moneylines, only the regulation time score matters. This can be a drawback if a game is likely to shift in overtime, especially if a bet is placed with the hope of a turnaround.
Moneyline 3-way bets can offer substantial payouts, but knowing when to use them is crucial. Bettors may find it advantageous to use 3-way moneyline bets in the following situations:
For Teams Known to Draw: If two equally matched teams have a history of drawing, betting on a draw can often offer a better payout than picking a winner.
When Betting on Underdogs: Since 3-way odds are higher, betting on an underdog team in regulation can yield attractive returns if you believe they have a strong chance of holding their own.
Games with High Draw Potential: Look for leagues or tournaments known for frequent ties, like certain soccer leagues or regular-season hockey, as these bets are designed for games with balanced odds.
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Choosing OKBet means not only accessing moneyline 3-way bets but also taking advantage of a platform dedicated to providing a secure and user-friendly environment. Whether you're betting on soccer, hockey, or other tie-prone sports, we offer you the tools and options you need for an engaging and rewarding betting journey. Place you bets now!
