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Sports Betting for Beginners: Three-Way Moneyline

By February 24, 2020 No Comments
Three-Way Moneyline

Three-way moneylines allow bettors to bet on a team to win or bet an event to end in a tie. Read on to learn more about the sports that utilize three-way moneylines.

Basics of the Three-Way Moneyline

A three-way moneyline is very straightforward. Bettors have three options to choose from: Team 1 to win, Team 2 to win, or for the two teams to end the game/match in a tie.

Because three-way moneylines are harder to predict due to the increase in possible endings, the odds usually provide more value to the bettor.

Three-way moneylines are often used in sports that are likely to end in a draw, such as soccer and hockey.

Let’s take a look at an example of a three-way moneyline in soccer:

Real Madrid (+205)

Draw (+230)

FC Barcelona (+105)

In this case, FC Barcelona is favored to win the match over Real Madrid. However, the inclusion of the “Draw” option has given FC Barcelona plus-odds in the three way moneyline. A $100 winning bet on Real Madrid would earn $205, a $100 winning bet on FC Barcelona would earn $105, and a correct prediction of a draw would turn $100 into $230.

An important thing to note about three-way moneyline betting in hockey and soccer is that it does not account for overtime or extra time. Let’s use this hockey example:

Nashville Predators (-120)

Tie (+260)

Boston Bruins (+340)

If you bet on the Predators at -120, you will need Nashville to beat the Bruins in regulation. If the game goes into overtime, your bet is lost. This is different from two-way moneyline betting that is common in football and basketball. In this format, a winning bet can result from an overtime win. To compensate for the greater difficulty in three-way moneyline betting, the odds are boosted.

Now that you understand how three-way moneyline betting works, make sure to check out the free-to-play soccer contests in the Action 247 game lobby, such as the $250 EPL ‘Dogs Bollox’ Selection.

Three-Way Moneyline Screenshot

And for more, check out last week’s guide covering futures bets.