2 Way Betting Explained
- Betting Odds Explained
- Sports Betting Terms Explained
- What Is 2 Way In Betting
- Sports Betting Explained In Detail
A 3-way bet is a type of bet with three potential outcomes. These outcomes are usually team A win, draw or team B win. A 3-way bet is also commonly referred to as a 1×2 bet (team 1, draw (x), team 2), but I will refer to it as 3-way betting for the rest of this article, which is the more common term here in Canada.
3-way betting is especially popular for games that have the potential to end in draws, such as soccer matches. You will also see 3-way lines available for hockey games as a regulation time bet, and many other sports where draws are possible such as football, boxing, golf head-to-head, etc.
Standard, two-way moneyline betting is a popular NHL wager. However, because games are often tied after three periods, most hockey betting sites also offer three-way moneylines on most games. Two-way moneylines betting on the NHL ask you to pick a side to win outright, even if the game goes to overtime or ends in a shooutout. But read this betting odds explained guide to help to understand. In betting, odds represent the ratio between the amounts staked by parties to a wager or bet. Thus, odds of 3 to 1 mean the first party (the bookmaker) stakes three times the amount staked by the second party (the bettor).
3-Way Handicap Betting Explained – The Best Betting Sites For 3 Way Handicap Bets One of the primary objectives of any sports bettor is to increase the amount of money they win with every bet. Of course, anyone would love to have a 100% success rate, but we all know that’s not possible – even when playing 1,01 odds every day. Each Way Betting In Summary. An each way bet is a bet made up of two parts: a WIN bet and a PLACE bet.Two bets of equal amounts are made; the first on a selection (horse) to win and the second on the same selection to place.A ‘win’ obviously means that the horse finishes the race first. When you bet each way, you have two bets; one for the horse to finish first, and a second bet for the. 2 Way Betting Explained As you will more than likely be able to deduce from the name, 2 way match betting allows for only two possible outcomes to any event or match: Bet on team A winning the match Bet on team B winning the match.
Soccer Example
Here is an example of a 3-way betting line from Bet365.com for a match between Chelsea and Manchester City.
- Chelsea 2.90
- Draw 3.30
- Manchester City 2.37
At Bet365 this bet was listed as “Full Time Result”. In addition to 3-way, 1×2 and full time result, you may also see 3-way bets referred to as “regulation time bet”.
In the above example, there are three possible outcomes in the match and odds associated with each outcome: Chelsea winning, Draw or Manchester City winning.
Betting Odds Explained
A 3-way bet is the exact same as a typical money line bet in terms of the odds and associated payout. The only difference is that there are three potential outcomes instead of two.
Hockey Example
This wouldn’t be much of a how to guide for Canadians if we didn’t include a hockey example of a 3-way bet.
I will often bet the 3-way line in hockey rather than the money line in order to get a larger payout when I’m confident in a team winning in regulation.
Sports Betting Terms Explained
Here’s an example from the battle of Alberta:
What Is 2 Way In Betting
As you can see the bet is labeled as “regulation time” at Sports Interaction. This means that the bet does not include overtime, which allows it to have three possible outcomes: Calgary winning, a tie or Edmonton winning.
Sports Betting Explained In Detail
In this example, Edmonton is the favourite to win the game, and they are still under a 2/1 favourite to win in overtime. To give you an idea of the difference in return you can win by betting the regulation line instead of the money line, in this example Edmonton’s odds to win the game straight up (including overtime) are 1.56. So if you like Edmonton, including a win in overtime will get you a $56 win on a $100 bet, while wagering on them to get the job done in regulation would win you $91 on a $100 bet. As you can see if you like a team to win the game before the coin flip that is OT and a shootout, then the regulation line can provide value.