What is Three-Way Moneyline in Betting? Detail Explanation

Three-way moneyline betting offers a straightforward approach to wagering. Unlike two-way moneyline bets, which revolve around the point spread between the 'favorite' and 'underdog' teams, three-way moneyline bets require you to bet on one of three possible outcomes for your chosen team: win, draw, or lose.

In essence, this type of bet not only allows you to pick the game's winner but also offers the option to bet on a tie. In this article, we'll delve into the 3 way moneyline meaning and explore its applications in popular sports. Let's dive in.

What Exactly Is Three-Way Moneyline Betting?

Three-Way Moneyline Betting, often referred to as 1X2 betting, is a popular form of sports wagering that involves predicting the outcome of a match with three possible results: a win for one team, a draw, or a win for the other team. Unlike some other betting options that focus on point spreads or Asian handicaps, three-way moneyline betting is relatively straightforward.

3-way moneyline betting is commonly used in sports like soccer (football), where ties are a common outcome. It allows bettors to not only pick a team to win but also to consider the possibility of a draw.

Let's consider a real-life example of 3 way moneyline soccer match:

Match:

- Teams: Manchester United vs. Liverpool
- Betting Options:1 (Home Team Win) - Manchester United

• X (Draw)
• 2 (Away Team Win) - Liverpool

Odds:

• 1 (Manchester United Win): 2.50
• X (Draw): 3.20
• 2 (Liverpool Win): 2.80

In this scenario:

• If you place a $100 bet on Manchester United to win (option 1) at odds of 2.50 and they indeed win the match, you would receive $250 in total ($100 * 2.50).
• If you bet on a draw (option X) with a $100 stake at odds of 3.20, and the match ends in a tie, your payout would be $320 ($100 * 3.20).
• Betting on Liverpool to win (option 2) with a $100 wager at odds of 2.80 would yield a payout of $280 ($100 * 2.80) if Liverpool emerges victorious.

So, in 3 way moneyline betting, you have three options to choose from, and your potential payout depends on the odds associated with your chosen outcome. The higher the odds, the more significant the potential payout, but the lower the perceived likelihood of that outcome occurring. It's a straightforward way to bet on sports matches with multiple possible results.

What is the Difference Between Regular Moneylines and Three-Way Moneylines?

Here's a table summarizing the differences between Regular (Two-Way) Moneylines and Three-Way Moneylines:

Which Sports Allow Players to Bet on Three-Way Moneylines?

3-way moneyline betting is a popular format in sports wagering, primarily employed in sports where the possibility of a tie or draw outcome is prevalent. Here's a breakdown of some of the sports that commonly allow players to bet on three-way moneylines, along with real-life examples:

Soccer (Football)

Example Match: In a soccer match between Barcelona and Real Madrid, the 3 way moneyline soccer options might appear as follows:

• Barcelona: +150 (Bet $100 to win $150 if Barcelona wins)
• Real Madrid: +180 (Bet $100 to win $180 if Real Madrid wins)
• Tie (Draw): +220 (Bet $100 to win $220 if the match ends in a tie)

Hockey (Ice Hockey)

Example Game: In an NHL game featuring the New York Rangers and the Boston Bruins, the 3 way moneyline hockey could look like this:

• New York Rangers: +120 (Bet $100 to win $120 if the Rangers win)
• Boston Bruins: -140 (Bet $140 to win $100 if the Bruins win)
• Tie (Draw): +300 (Bet $100 to win $300 if the game ends in a tie)

Field Hockey

Example Match: In an international field hockey match between the Netherlands and Germany, the three-way moneyline might be presented as:

• Netherlands: -110 (Bet $110 to win $100 if the Netherlands win)
• Germany: +130 (Bet $100 to win $130 if Germany wins)
• Tie (Draw): +250 (Bet $100 to win $250 if the match ends in a tie)

Rugby (Rugby Union)

Example Game: In a Six Nations rugby match between England and France, the three-way moneyline options could be listed as:

• England: -160 (Bet $160 to win $100 if England wins)
• France: +180 (Bet $100 to win $180 if France wins)
• Tie (Draw): +220 (Bet $100 to win $220 if the match ends in a tie)

Read more: What is 1X2 betting? Detailed Explaination & Examples

Cricket (Limited-Overs Formats)

Example Match: In a One Day International (ODI) cricket match between India and Australia, the three-way moneyline may appear as:

• India: +120 (Bet $100 to win $120 if India wins)
• Australia: +150 (Bet $100 to win $150 if Australia wins)
• Tie (Draw): +300 (Bet $100 to win $300 if the match ends in a tie)

Conclusion

3-way money line betting is the most popular type of bet in sports betting. We hope that this article will provide you with all the information you need about this type of bet and how to utilize it to maximize profits. If you are looking to learn more about other topics in the world of sports betting, our website always offers in-depth tutorials from experts to broaden your horizons.