Everything You Need To Know About 3-way Betting
What Is A 3-way Bet?
Just as the name implies, it’s a type of bet that has up to three possible outcomes. Technically, this means in a 3-way bet, you will be provided with three options for your wagers- the Win option, Lose, Win, and Draw option. In any sporting event, one of these options is bound to happen. A typical example of a 3-way bet is a wager on the result of a handball or football event. One unique thing about a 3-way bet is that the probability of winning the bet is always 1:3. You are most likely going to encounter bigger odds in a 3- way bet than in the normal 2-way bets.
What Does A Typical 3-way Bet Look Like?
The popular 3-way bets are those bets that have their main focus on the three different possibilities- Win, Loss, or Draw. Sports betting professionals see the football event as the best sports event for a 3-way bet. Using the 1X2 pattern, sports bettors are aware of the bet notations;
- 1- home win
- 2- away win
- X- draw
X doesn’t always represent a draw market as the bookmaker can decide to use 0 which can also mean the exact same thing or could mean draw plus additional terms.
Consider a football game taking place on a neutral field. The 1 stands for Win for the team displayed first and the 2, standing for a Win for the second team. When using the 1X2 pattern, all sport betting markets are expected to have the 1:3 success probability. There are several markets like this but for today, let’s make use of the goal-scoring market.
Consider a market like; what half will have more goals. The possibilities of this market using the 1X2 pattern include;
- Will the first half have more goals?
- Will the second half have more goals?
- Will both halves have the same number of goals?
Things To Keep To Heart Before Considering A 3-way Bet
You always need to pay very close attention to the details of 3-way bets offered by sports betting platforms. Different platforms have different terms for their 3-way bets. For example, some bookmakers consider the outcome of events after injury-time while some consider the results after regular time. Considering the outcome of events after 120 minutes is seen as traditional 3-way betting.
In tournaments or cup competitions, some bookmakers prefer just providing its users with the betting market- who will qualify for the next round? This type of bet is termed a 2-way bet because, only two outcomes are possible, either a team qualifies or the other does. Mixing up a 2-way bet with a 3-way bet is the worst thing that can happen to a sports bettor which is why you’ve to be keenly aware of the betting markets you choose.
Betting On Multiple Results Of A 3-way Bet Market
This basically involves placing stakes on multiple 3-way bet markets. The best way to achieve this omission by opening different betting accounts with different bookmakers this way, you will be able to enjoy the huge odds and other bonuses offered by the different bookmakers you registered with. To know the best bookmakers to work with, you could visit bookmakers’ ranking websites and check out the sport betting platform with the best bonus offer.
A double chance market is also connected to a 3-way bet in a way. In double chance bet, you have the option to place stakes on basically three markets namely;
- Home to win or draw- 1X
- Away to win or draw- 2X
- Anybody win- 12
The Double chance market increases your winning probability to about 67%. The major drawback of double chance markets is the low odds offered on them.
Why You Should Engage in 3-way betting as a sports bettor
A major pro of wagering 3- way betting markets is the high winning percentage that the markets come with that the bettors are bound to enjoy. Players are entitled to 3 different winning percentage probabilities- 33% on each outcome. 3-way betting is also very easy to comprehend and flexible to play. A 3-way betting market is an ideal market for both novice and veteran bettors.
Conclusion
For sports bettors looking for a betting market that offers 3 different winning probabilities, a 3-way bet is ideal. The odds of this kind of bet are superb and players are bound to cash out huge as long as your pick the right team. Simple and straightforward, a 3-way bet remains the favorite betting option in the industry.
