When placing a bet, you will encounter terms and phrases that you have never heard of before. ‘3 way’ is one of these unfamiliar terms, and it is one of the most popular betting options at online betting sites. What is the meaning of 3 way in betting?
The reason that 3 way is such a popular choice among bettors is that it gives you the opportunity to bet on three separate sporting events at once. If you’re unfamiliar, the three ways in betting are:
What is the Over/Under Option in Betting?
The over/under option is one of the most basic betting options. This option is popular at both illegal and legal sportsbooks as it gives them the opportunity to take bets on football, basketball, and baseball games. When you place an over/under bet, you are betting that the total number of points scored by both teams will be below or above a certain number. For example, you can bet that the total combined points scored by both the Toronto Blue Jays and the Los Angeles Dodgers will be less than or equal to the total number of points scored in a game between those two teams. The over/under option is very easy to understand. When you place an over/under bet, you are just betting that the total combined points scored by both teams will be either less than or equal to the total number of points scored in a game between those two teams.
What is the Heads/Tails Option in Betting?
The heads/tails option is yet another basic betting option that has been around for a very long time. This option is popular at both legal and illegal sportsbooks because it is easy for most bettors to understand. When you place a heads/tails bet, you are agreeing to wager on whether the outcome of a baseball game will be ‘heads’ (i.e., the home team will score more points than the away team) or ‘tails’ (i.e., the away team will score more points than the home team). Similar to the over/under option, the heads/tails option gives you the opportunity to bet on three different sporting events at once. In addition to betting on the final score in a baseball game, you can also bet on the number of runs that will be scored in the game. For example, you can bet that the San Francisco Giants will score more than 10 runs in the game, or that the Toronto Blue Jays will score fewer than 10 runs in the game.
The main difference between the over/under and heads/tails options is that you are agreeing to wager on the outcome of an MLB game with the heads/tails option. Because the outcome of an MLB game can be difficult to predict, this option gives you the opportunity to capitalize on events that transpire during a game. For example, if you believe that a team is going to lose a game by a wide margin, you can bet on that outcome and win some money. If the game is close and you don’t want to risk missing out on any action, then you can choose the over/under option and be confident that you will get your money back (plus some) if your prediction is correct.
Home/Away Option in Betting
Last but not least, we have the home/away option in betting. The home/away option is similar to the other two options because you are agreeing to bet on whether the final score in a sporting event will be ‘home’ (i.e., the team that is playing at home will score more points than the team that is away) or ‘away’ (i.e., the team that is away will score more points than the team that is playing at home). The difference with the home/away option is that you are agreeing to wager on the outcome of a game between different sports teams. You can bet on, for example, the Los Angeles Dodgers playing against the San Francisco Giants, and the total combined score of the two games will determine which team won the combination bet. If the score is tied at the end of the second game, the teams will play a ‘best of three’ game to determine who wins the bet. To make matters more complicated, if two or more teams are tied at the end of the best of three game, then an additional game will be played between the tied teams to determine the overall series winner. For example, the San Francisco Giants playing against the Los Angeles Dodgers will result in a total combined score of 12 points. In this case, the series is tied at three games each, so a best of seven series will be played between the two teams. The first three games will be won by the teams playing at home, and the last four games will be won by the team playing away.
In case you are curious, you can find a list of all the different variations of 3 way odds that are offered at various online sportsbooks here.
As you can see, 3 way is a very popular option among people who like to bet. The reason for its popularity is that it gives you the opportunity to bet on three different events at once. In addition, it allows you to make money if you’re right about the outcome of a game. However, just because something is popular does not mean that it is right for everyone. If you are new to betting, then the safest option is to choose 3 way as it gives you the opportunity to learn more about betting odds. In addition, as it is one of the most popular options among sports books, it is usually a safe assumption that the odds are usually in your favor if you play with this option. Nevertheless, just because something is popular does not mean that it is the best option for everyone.