In the world of sports betting, 4-way betting has been around for a while now, but have you ever heard of 3-way betting? Essentially, 3-way betting is when you bet on the favorites, the underdogs, and the middle-of-the-pack teams in the same wager. The concept behind this type of bet is that by doing so, you reduce the chances of making a mistake since you’re less likely to pick the winner of the game. It’s essentially a bet on all three teams, with the favorite, the underdog, and the middle-of-the-pack team all having an equal chance of winning. The theory behind this wager is that, in theory, the middle-of-the-pack team should win more often than not since the favorite and the underdog are already accounted for in the bet. It’s a common wager in the NBA and the NFL, but haven’t really caught on in other sports yet.
Why Are Teams So Into 3-Way Betting Now?
It’s well-established that fans love betting on their favorite teams, with the biggest NFL and NBA fans routinely placing wagers on games. In fact, the largest online sportsbook, Bet365, estimates that around 60% of their sportsbook customers are there simply to place bets on their favorite teams. This tendency is also reflected in the numbers; between 2010 and 2014, the amount of money wagered on the NFL and the NBA increased by 38% and 47%, respectively. It would be a missed opportunity if the growth of online betting wasn’t reflected in the opportunity for people to wager on more than just their favorite teams.
The theory behind 3-way betting is that since your team is already in the lead, you’d be better off backing a weaker team. The hope is that by doing so, they can outlast their more established competitors and claim some momentum going into the second half of the season. The theory itself is sound, but in practice, it’s highly dependent on your picks and the quality of the teams you’re backing. If you’re picking against the spread, you’re essentially doing it to minimize your risks, not to maximize your payout since you’re getting all three teams involved in the wager. This is where most people tend to go wrong; you’re not supposed to be maximizing your profits in the wagering world, you’re supposed to be minimizing your risks, and that’s why you spread bet. It’s also important to understand that the underdog team can win in a variety of ways, not just by outlasting their more-established opponents.
Are There Certain Types of Sports That Are Suited For 3-Way Betting?
It’s important to keep in mind that just because a game is suitable for 3-way betting, it doesn’t mean that you have to bet all games this way. Depending on your favored team, you may want to consider whether you want to wager on them in every game or if there are some you should avoid, such as when they’re playing away from home. It may be a good idea to consider whether you want to wager on them in big games or small ones; the general rule of thumb is that if the game has considerable meaning, you should probably avoid it. For example, if you have a team that you always wager on and they’re playing a crucial game against an opponent who’s already been proven to be a tough matchup, you may not want to wager on them in that game. If the game is at a neutral site or the line moves frequently, you may want to steer clear of it as well since the conditions are more favorable for the bookmakers to make a mistake.
How Do You Calculate The Line For A 3-Way Bet?
When you’re laying down your wager at a sportsbook, there will usually be a field next to the betting line you’re presented with. This is where you’ll enter the money you want to wager; if you want to back a team with odds of +500, you’ll need to enter the exact price as a credit card (preferably with a Visa or MasterCard attached).
The line itself takes a bit of guesswork out of it; as mentioned, you’re getting odds of 3 teams, so the line has to be somewhere between 1 and 2 for you to win your bet. Essentially, it’s a crapshoot; if you need a little help figuring out where to lay your wager, the rule of thumb is to lay it on the side of the favored team, even money, or on the “toss up” line, depending on your personal preferences. It’s also advisable to check out the various lines for each game and see which one suits you best before laying down your wager. This way, you’ll ensure you win money rather than losing it due to a bad lay. If you’re looking for an edge, consider making use of betting odds services that provide lines for various sports and games as well as give guidance on whether to lay money on each side of the line or even whether to bet at all. In some instances, you may find it beneficial to check out the “futures” market, which provides the projected winners of each game before the season starts. Checking out these markets and narrowing down the selections to the best ones for your personal wagering strategy is key to ensuring you make profit and don’t risk falling into a gambling addiction.