Are you new to sports betting and wondering why some moneylines offer three options instead of the usual two? A three-way bet introduces the possibility of a draw or tie as a distinct outcome, creating exciting opportunities for higher payouts. This comprehensive guide explains everything you need to know about the three-way bet, helping you make informed decisions whether you’re a beginner or seasoned bettor.
A three-way bet, also known as a three-way moneyline, is a wager on one of three possible results in a sporting event: the home team wins, the away team wins, or the match ends in a draw. Unlike traditional two-way moneylines that resolve ties by pushing or including overtime, three-way bets are settled strictly on the outcome at the end of regulation time.
This betting format is most popular in soccer, where draws are common, but it also appears in hockey, certain baseball innings, and other sports where ties can occur. Betting on the three-way market allows you to take a position on the draw itself, which often comes with attractive odds due to its lower probability in many matchups.
In a standard two-way moneyline, you simply pick one side to win, and ties are typically refunded or resolved in overtime. With a three-way bet, a draw is a separate betting option. If you wager on one team to win and the game ends tied, your bet loses—even if overtime favors your selection.
The inclusion of the draw option generally leads to longer odds across all three outcomes compared to two-way lines, offering potentially higher returns for accurate predictions.
While soccer dominates three-way betting markets, the format extends to several other sports:
In soccer, for example, betting the three-way allows you to capitalize on defensive-minded matches that frequently end level.
Placing a three-way bet is straightforward at most sportsbooks:
Always check the specific rules of the sportsbook, as some may vary slightly on what constitutes regulation time.
Successful three-way betting requires research and strategy:
Expert bettors recommend focusing on leagues where draws occur 25-35% of the time, such as many European soccer divisions.
Understanding how three-way bets stack up against alternatives helps you choose the right market.
| Bet Type | Outcomes | When It Pays | Typical Odds Characteristics |
|---|---|---|---|
| Three-Way Moneyline | Home Win, Draw, Away Win | Regulation result only | Higher payouts due to three options |
| Two-Way Moneyline | Home or Away Win | Includes OT or resolved tie | Shorter odds, tie usually pushes |
| Draw No Bet | Home or Away Win (stake back on draw) | Win only; draw refunds | Lower risk but reduced payouts |
| Asian Handicap | Adjusted for goal differences | Varies by handicap | Eliminates or reduces draw impact |
As shown, the three-way bet offers pure exposure to the draw but carries higher risk since there are two ways to lose versus one way to win.
Benefits:
Key Considerations:
Seasoned bettors emphasize combining three-way bets with thorough statistical analysis rather than relying on gut feelings.
Summary: The three-way bet provides a dynamic way to engage with sports like soccer by wagering on home wins, away wins, or draws at the end of regulation. By understanding its mechanics, comparing it to other markets, and applying data-driven strategies, you can improve your betting experience and potentially increase long-term success. Always bet responsibly and within your means for the best results.