3-Way Betting Explained

You may have heard of a 3-way bet or a Split bet in sports betting. A 3-way bet is when you place a wager on the outcome of an event in which your chosen sports team will win, lose, or tie. You get three possible outcomes though you only have to settle on two of them. A split bet is when you choose two teams and wager on the outcome of their match. You get to choose the starting lineups for each team and decide who will win at the end of the game. In case of a tie, the bet is settled based on how the teams performed in the previous game. There are several differences between these two types of bets. The key difference is that you have to settle on two of the three possible results in a 3-way bet, rather than two of the four possible results in a split bet. The other key difference is that in a 3-way bet, you have to decide which team you are backing prior to making the wager, while in a split bet, you can make the wager as soon as you place your bet. Let’s take a closer look at 3-way betting.

Key Differences Between 3-Way Betting And Split Betting

First, let’s examine the difference between the outcomes in a 3-way bet. In a 3-way bet, you get three possible results: your selected team wins, your selected team loses, and your selected team ties. With a tie, you do not know who will win the series, but you do know that it will be decided based on the games already played between these two teams. For example, if Game 1 is won by Team A, and Game 2 is won by Team B, then Team B will win the series in a 3-way bet. In case of a 3-way tie, there is no clear-cut favorite as all three teams have the same number of points. If you were betting on the total number of runs scored in the series, then you would have to wait for the series to be completed to find out who won. In case of a 2-1 series victory for Team A, you would have to return and redeposit your bet if you want to continue backing that team.

The other key difference between a 3-way bet and a split bet is that in a 3-way bet, you have to make your selection prior to laying down your wager. Remember, the idea behind this type of wager is that you don’t know which team will win at this point in the series, so it makes sense to hedge your bet. In a split bet, you can make the wager at any time, but you have to commit to one of the two teams you’ve selected before doing so. If you’ve selected the New York Yankees and are putting down a $100 wager on the Boston Red Sox to win the World Series, you can’t change your mind and replace that wager with a wager on the Los Angeles Dodgers after the first game of the series has been played. In that scenario, you would lose your $100 unless you are able to beat the Dodgers in the next game. Changing your mind and placing a wager on the other team after you’ve committed to one team in a split bet is generally not accepted, however, there are some exceptions to this rule. For example, in the NBA, it is usually accepted to switch your bet after the first game of a series. In the NHL, it is usually accepted to switch your bet after two games, and in some cases, it is acceptable to change your bet after a single game. This is usually the case when a star player on one of the teams is suspended for a game or more. In all of these instances, you would lose your bet if you switch your mind and place a wager on the opposing team.

Advantages Of 3-Way Betting

Let’s now examine the advantages of 3-way betting. First, it’s simple. All you need to do is decide which two teams you want to bet on, put your money on the table, and then watch the games. You don’t have to worry about keeping track of the scores in a tied series because, at the end of the third game, you’ll know who the winners are. Another advantage of 3-way betting is that if both teams you’ve chosen finish the series with the same number of wins, there is no problem with the bet. In case of a 3-way tie, you won’t lose your money because you can’t choose an underdog in a three-way tie. If one of the teams you’ve selected finishes the series with more wins than the other team, even if that team was the underdog during the entire series, you’ll only have to pay off half of your wager. You get your money back plus you win the series. This is one of the key advantages of this type of wager. It also helps if one of the teams you’ve selected is popular and has lots of support locally, such as the New England Patriots or the Pittsburgh Pirates.

Disadvantages Of 3-Way Betting

With all the advantages, it’s no wonder why this type of wager is so popular. Unfortunately, there are also some disadvantages to consider. One of the major disadvantages is that it’s more difficult to place winning bets with this strategy. For the Yankees-Red Sox World Series scenario mentioned previously, it was more difficult to find a bookmaker willing to take the bet than it was to find a bookmaker who would honor a straight up World Series wager. This is mainly because people who use this strategy are usually betting on games that they have no idea how the games will turn out. Another disadvantage is that if one of the teams you’ve chosen loses a game during the series, there is no way to recover the money you’ve lost. Even if the team you’ve backed eventually wins the series, you’ll still have to settle for whatever they offer you as winnings. Some sportsbooks don’t even take 3-way bets because they feel it’s too much work to keep track of what you’ve put down and won’t earn you much money overall. Finally, in some cases, it’s not legal for you to lay down multiple wagers on the same series. For example, in some states in the U.S., betting on multiple teams in the same matchup is illegal because it’s considered a form of pari-mutuel wagering. For more information on this topic, check out this Wikipedia article which breaks it down in more detail:

Pari-Mutuel Wagering

If you enjoy taking risks and feel confident that you can handle the financial aspects of sports gambling, then you may consider trying out 3-way betting.