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