What is a 3 Way in Sports Betting?

A ‘3-way’ betting odds means that there are three separate teams involved in the betting. Each team’s win (or loss) will affect the chances of the other two teams winning. For example, if Team A wins and the stakes are high, then the winnings will likely go towards a payout for Team B and C as well. This scenario is often used in football (soccer) betting, but it can apply to any sport.

Why Use Three Way Betting?

Using three way betting helps reduce the number of upsets in sport. For instance, if you were to place a straight bet on the favorite to win, you would be guaranteeing at least one upset – as long as the underdog wins! When you use three way odds, you are still guaranteed an upset, but it is less likely to happen. This is because two out of three teams have to win in order for you to win. The probability of an upset goes down as the number of teams involved in the wager goes up. For instance, a 4 way betting line is more common in American football, where there are four separate teams involved in each game. This makes a massive difference in terms of the odds on any given game. A 5 way line makes a noticeable difference as well! Using three way betting also helps reduce the number of incomplete results. Imagine if you place a bet on a game and it ends in a draw. Using three way odds means that you still have a chance of winning, but it is not guaranteed. In a two team wager, the chances of you getting what you bet on are much higher than in a three team one. The same rule applies if one of the teams you bet on ends up losing, instead of drawing. In these situations, using three way betting can help you get your money back (plus some!).

How Do I Place A Three Way Bet?

When you place a three way bet, you should do so with a bookmaker that is aware of the concept. A good example of a reputable company that deals with three way wagers is Pinnacle. In fact, they have created a separate section of their website just for this purpose! You can click here to visit their ‘special bets’ page, where you will find all the information you need to successfully place a three way bet. Once you have found that page, it is very easy to place a wager. You will simply need to follow the steps listed there, including making payment and registering an account if you do not already have one. Using a bookmaker that offers this type of service is the best way to ensure that all your bets are entered into the system correctly and that your winnings are deposited into your account promptly. This is important, especially if you are planning on using a 3 way line to hedge a large wager on a sport you know will have some extreme outcomes!

What Is The Best Way To Hedge A Three Way Bet?

The best way to hedge a three way bet is by using a straddle. In a nutshell, a straddle is when you place two separate bets of the same type (in this case, a 3 way bet) on consecutive days, with the second bet being an offsetting (or opposite) bet of the first. For example, if you were to place a $100 three way bet with Pinnacle on Monday, you would then need to place a $100 straddle on Tuesday. In this case, you would be ‘buying’ a win for Team A, and ‘selling’ a win for Team B and C. If Team A wins the first game, then your bet (and the other two alongside it) will be repaid with interest. The same goes for the other two outcomes as well. This is an incredibly easy way to hedge a three way bet and can help you avoid all the pitfalls that come with direct exposure to the sports you are betting on. It is also one of the best ways to get a free bet if you are new to the game or if the markets are closed for some reason (or for private bets).

How Do Regular Bets Work In Relationship To Three Way Betting?

Regular bets in sports betting are identical to three way bets, except they are not as complex. A regular bet is placed on a single team – or on one side of the coin, at least – and the payout is either way or even money. For example, if you were to place a $10 bet on the New York Jets (Team A) to win the Superbowl, this would be a 10/1 shot to win (1 unit of $10 wins you $10). You would also have the option of placing a $10 bet on the Indianapolis Colts (Team B) to win as well, which is an even money (50/50) shot. If you picked the Colts, you would win $10, but if the Jets won, you would gain $17 in total. In this case, your $10 would be repaid with interest!

When Do You Need To Use Three Way Betting?

Use of three way betting should be considered when: