NHL betting is all the rage these days. More and more people are getting involved and making some money off the sport. However, if you are new to betting or simply want to know what “3 way” means in NHL betting, then this article is for you. We will break down the meaning of this popular betting term and show you how to use it effectively.
What Is 3 Way In NHL Betting?
“3 way” in hockey betting refers to a situation where all three participants involved in the bet agree that the outcome will happen, but they differ on the amount of credit that should be given to the predicted winner. In these situations, the person making the prediction will often need to make an adjustment to their original prediction in order to give the right amount of credit to the correct winner. The main issue that can arise from this is that the number of adjustments can become very tedious, which slows down the whole betting process significantly.
How Do You Calculate The 3 Way In NHL Betting?
In order to figure out how much credit to give to the winner of a 3 way hockey bet, you need to look at how much you are risking. Most stargets offered in hockey betting are very small, like $1 or $2 in some cases. However, this can vary based on the size of the jackpot and whether or not you are backing a winner or a loser. For instance, if you are backing a loser you are typically risking much more than you would if you were betting on a winner because you are essentially just trying to cover your bet. This is where most people lose money, by not understanding how much they are risking in certain situations.
The key to being successful in NHL betting is understanding how much you should risk in relation to your stake. As mentioned above, this can vary based on the size of the jackpot, but there are several key factors that you need to consider when determining how much credit to give to the winner of a 3 way bet.
The first thing you need to do is subtract any deductions from your stake. These are things like the money you have to spend on your vigorish (or vig) in some cases, which is basically an additional fee that most sportsbooks charge you to use their services. Once you have subtracted your vig, you can then divide the remaining amount by the number of options involved in the bet to get a decimal point. This is the amount of credit that you will need to give to the winner of each option.
For example, if you have $100 to risk and you are backing three winners for $100 each, then your credit will be $\frac{100}{3} = $33.33 to each winner. As you can see, this is pretty easy math and it is something that can be done quickly in your head once you understand it. The only complicated part comes if some of the options have a higher credit score than others, which can cause you to have to do some re-calculating if you are to correctly figure out how much you are owed. However, once you get the hang of it, it is a process that is very easy to replicate whenever you need to do some betting.
How Do You Report The 3 Way In Hockey?
Once you have figured out how much credit to give to the winner of each option, you need to report your results. There are several different ways that you can report this information, depending on what is easiest for you. Some people prefer to enter the results into a spreadsheet, while others write them down on a piece of paper and update their database or journal once the bets are finished. You can use whatever method you prefer to keep track of your results and make sure that you report them accurately. Whatever method you use, make sure that you report the results as soon as possible, preferably the same day that you do the betting, so that you do not have to go back and re-do any of this work later on.