“3Way” is a term that you’ll often find in the sports betting world. It typically applies when there are three teams involved in a wager, and one of the teams is favored to win. In a 3Way wager, you’re either betting on the favorite, the middle team, or the underdog. If the favorite wins, you win $$$. If the middle team wins, you win $$$. And if the underdog wins, you win $$$. Basically, you’re splitting the winnings down the middle – three ways to win!
While this may sound too good to be true, it’s a strategy that can be highly effective when used properly. Let’s dive into how it works and examine some of the key benefits that make this a desirable option for sports bettors.
Why Are 3Way Wagers Popular?
The popularity of 3Way wagers can be attributed to a few key factors. First, the concept of splitting winnings down the middle is appealing to humans – it’s practically ingrained into our DNA as a species to share. Second, the fact that these wagers are popular makes them ideal for people who love to place wagers – especially since the payoffs can be so positive. Third, the fact that these wagers are popular makes them a target for online casinos and sportsbooks, which want to attract as many sports bettors as possible. Finally, the fact that these wagers are popular makes them a target for sports bettors looking to capitalize on the fact that they’re favored to win. If you find that the favorite in your 3Way wager is gaining a little too much traction, you can always lay some additional bets to try and buck the trend.
Let’s examine each of these factors in turn.
1. Humans Have Built-in Instincts To Share.
Perhaps the most appealing aspect of 3Way wining is the fact that it means you get to share in the winnings. In a 3Way wager, you’re essentially placing three separate bets, but you’ll end up with one share. It’s practically impossible to put into words how rewarding it is to share in something that you’ve worked so hard for. Imagine being in the same situation as above, where you’ve got three teams that you’re splitting winnings down the middle. Instead of divvying up your spoils personally, you could give half the earnings to charity. Or, you could take a third of the earnings and use it to fund a new business venture. Whatever you choose, you’ll feel that you’re doing the right thing – and that’s what matters most.
2. Place Wagers Where The Money Is.
The first factor that we discussed above is appealing because it means you can share in the winnings. The second factor is appealing because it means you can place bets where the action is. If you’re looking for an effective place to place a wager, you’re going to want to look for a state or an entire country where sports betting is legal – the more places, the better. What this means is that if you’re in New York and look at the betting lines for the New Jersey Devils – who are currently leading the series 3-0 against the New York Rangers – you’re going to have to wager on the Devils to win the series and cover the spread. Why? It’s legal in New York to wager on baseball, basketball, and football, but not on hockey. If you’re in Massachusetts and looking to wager on the Boston Red Sox, you’re going to be out of luck – it’s illegal to bet on sports in the state. So, when you travel, be sure to check the laws in the states that you visit so that you don’t get into trouble. In most cases, you won’t – but it’s still a good idea to be aware of the laws that ban or allow particular types of wagers.
3. TARGETING FAVORED TEAMS.
If you’re looking to take advantage of a 3Way wager, the best strategy is to target teams that are heavily favored to win their respective contests. In the above example, the New York Rangers are a heavy favorite over the New Jersey Devils in the series so far, with the handicappers at Bovada favoring Texas to win the series 4-1. If you’re looking to place a wager on the New York Rangers, this would be the perfect opportunity since they’re favored to win.
The key to successfully utilizing 3Way winnings is to make sure that you do your homework beforehand. There are numerous strategies and tips for placing winning wagers, but if you want to be successful, you’re going to need to get familiar with the fundamentals of sports betting. It’s also important to be aware of which events are most likely to result in a payout and which events are less likely to pay off. Once you’re familiar with this, you’ll be able to choose your bets wisely and, in almost all cases, come out on top.