What Is a 3-Way Moneyline Bet and How To Win?

Sports betting fans, get ready to dive into the world of 3-way moneyline bets! This exciting betting option adds a new twist to traditional moneyline odds. It’s a game-changer for sports like soccer and hockey, where ties are part of the action.

In a 3-way moneyline, you’re not just picking a winner. You’re choosing between three outcomes: Team A wins, Team B wins, or it’s a draw. This format offers bigger payouts due to the extra option. But remember, these bets usually only count for regulation time.

Want to boost your betting strategies? Understanding 3-way moneylines is key. They’re common in soccer, where about 25% of matches end in a draw. In hockey, more than 20% of games end in a tie after three periods. These stats show why 3-way bets are so popular.

Ready to learn more? Let’s explore how to make smart choices and win big with 3-way moneyline bets!

Understanding Moneyline Bets

Moneyline bets are a key part of sports gambling. They’re simple bets on which team will win a game. There are two main types: two-way and three-way moneylines.

In two-way moneylines, you bet on either team to win. This is common in sports like football, basketball, and baseball. Ties are rare in these sports.

Three-way moneylines offer a third option: the draw. These are popular in soccer and hockey, where ties happen more often. In a three-way bet, you can pick Team A to win, Team B to win, or a draw. The odds reflect each outcome’s likelihood. Draws typically have higher odds because they’re less common.

Knowing these basics helps you navigate bookmaker offerings and make informed bets. Always consider team performance, player conditions, and other factors before placing your wager.

What Is a 3-Way Moneyline?

A 3-way moneyline adds a new option for betting on a draw. It’s popular in sports like soccer and hockey, where ties happen often. Unlike regular moneylines, 3-way bets see draws as their own outcome, not just a tie.

In soccer, for example, you might see odds like Team A +150, Team B +175, and Draw +200. This makes 3-way bets a great choice for those looking for different ways to bet.

Draws are common in sports like the Premier League, occurring in 18-28% of games. This makes 3-way moneylines a good option for those who want to bet on draws. Understanding moneyline bets is key to doing well in this type of betting.

It’s important to remember that 3-way moneylines only count regulation time results. Overtime and shootouts do not count, so this can change how you bet.

While 3-way moneylines offer higher payouts, they also come with more risk. Bettors need to think carefully about these risks when choosing between 2-way and 3-way moneylines.

Not all sportsbooks offer 3-way moneylines. It’s good to check how sports betting works on different sites. Big names like DraftKings, bet365, and BetMGM often have this option. 

They also offer live streaming and early payout deals. To do well with 3-way moneyline betting, you need to know the sport, manage your money, and find good odds.

How To Place a 3-Way Moneyline Bet

Placing a 3-way moneyline bet is easy. Although these bets carry more risk, they also offer the potential for higher payouts.

1. Choose a Reliable Sportsbook: Select a trustworthy sportsbook that offers 3-way moneyline bets. These bets are popular for sports like soccer and hockey, where ties frequently occur.
2. Find Your Sport and Event: Navigate to your chosen sport and locate the event you want to bet on. You’ll see three options:
   • Home team win
   • Away team win
   • Draw
3. Understand the Odds: Familiarize yourself with the odds format offered:
   • American Odds: Indicated by plus (+) and minus (-) signs.
   • Decimal Odds: Show the total return per dollar wagered.
   • Fractional Odds: Display profit relative to your stake.
4. Consider the Risk vs. Reward: 3-way moneyline bets often provide higher payouts than regular bets due to the draw option. However, they come with greater risk since you must predict the exact outcome, including ties.
5. Check League Rules: Review the specific rules of the sport or league. For example, overtime or extra-time policies may impact your bet.
6. Place Your Bet: Once you’re confident, select your outcome, enter your stake, and confirm your bet.

By following these steps, you can confidently place a 3-way moneyline bet and enjoy the thrill of higher potential rewards.

Strategies for Winning on 3-Way Moneylines

To win on 3-way moneylines, you need good strategies and smart risk management. Start by researching the teams. Look at their stats, recent games, and how they’ve done against each other. Also, check for injuries or suspensions that might affect their performance.

Home field advantage is important, especially in soccer. Draws are common, so knowing this can help you make better bets. Expert insights can also help. They can show you trends that might lead to value bets.

Managing your risk is key. Set a budget and stick to it. The odds can vary a lot. For example, a $10 bet on a favorite might win you $0.10 to $9.09. But, betting on underdogs could win you $10 to $1000. Good bankroll management is vital for success in sports betting.

Keep an eye on changing odds. News about injuries or team changes can affect the lines. Being quick to notice these changes can give you good betting chances. With careful analysis and disciplined strategies, you can increase your chances of winning on 3-way moneylines.

Pros and Cons of 3-Way Moneyline Bets

The main advantage of 3-way moneyline bets is the potential for bigger payouts, especially on favorites. With more options, bettors can refine their strategies and make detailed predictions. 

This makes 3-way bets appealing for those seeking variety beyond standard two-way bets. Understanding vigorish is crucial, as it affects potential winnings.

However, 3-way moneylines have downsides. The tie option increases the difficulty of predicting outcomes, effectively doubling the ways to lose. This higher risk requires bettors to have a deep understanding of the sport and carefully manage their stakes.

Key Sports for 3-Way Moneyline Betting

Soccer is the top sport for 3-way moneyline betting. It’s common in most leagues, with odds for a home win, away win, or draw. NHL hockey is also popular, with about 25% of games going to overtime.

NFL games rarely end in ties, but some sportsbooks offer 3-way moneylines as specialty bets. The payout for a tie can be high because it’s rare. NBA and MLB games don’t usually have 3-way moneylines because they can’t end in ties during regular play. Sports betting fans should know each sport’s rules and tie chances affect 3-way moneyline bets.

MMA and other combat sports sometimes offer 3-way moneylines, but draws are rare. Bettors should check each sport’s rules and tie chances to make smart bets. In 3-way moneyline betting, you either win or lose based on your pick.

Bankroll Management for Betting

Managing your bankroll wisely is crucial for success in sports betting. Professional bettors aim for a 60% win rate, expecting to lose 40% of the time. This shows the importance of careful risk management.

Experts suggest betting 1-5% of your bankroll on each bet. Conservative bettors might bet 1-2%, while more confident ones might bet up to 3%. It’s important to adjust your bankroll based on wins and losses to avoid losing all your money.

Keeping track of your bets and bankroll is key to making smart decisions. There are two main methods: the unit system and the bankroll percentage method. The Fixed-Unit Model bets one unit on every wager, while the Variable Model allows for more units on bets you’re very sure about.

Remember, good bankroll management is as important as knowing what to bet on. By using these strategies, you’ll be better at handling the ups and downs of sports betting. This will help you succeed in the long run.

Common Mistakes To Avoid

Understanding moneylines is crucial for successful betting strategies, yet many bettors make costly mistakes.

One common error is misreading odds, especially in 3-way moneyline bets. For example, a favorite with odds of -300 requires a $300 bet to win $100, while an underdog at +250 means a $100 bet could win $250.

Betting on emotions rather than facts is another frequent mistake. Supporting your favorite team can cloud judgment, while smart bettors focus on stats, team form, and head-to-head records. Neglecting these factors often leads to poor decisions and losses.

In 3-way moneylines, overlooking the impact of ties is a common oversight. Ties often carry longer odds than underdogs, significantly influencing betting strategies.

Failing to check injury reports or starting lineups is another pitfall. A missing key player can drastically alter odds and outcomes.

Lastly, many bettors fail to learn from their mistakes. Keeping a record of bets and analyzing them can refine strategies and lead to greater long-term success.

Resources for Further Learning

Sports betting fans can get better at it by using many learning tools. Good betting sites share tips on strategies and trends. Online forums let people share tips and talk about what works.

Books on sports betting dive into complex topics. They help readers improve their betting skills.

Podcasts are great for keeping up with sports betting news. Experts share their views on upcoming games and betting chances. You can listen to them while you’re on the move.

Tools for analysis are key in sports betting today. They offer stats, records, and predictions. Learning to use these tools can help bettors make smarter choices.

Keeping up with sports news and trends is vital. It helps you stay ahead. Remember, good betting strategies change, so always be ready to update your approach.

Step Into the Winner’s Circle: Master 3-Way Moneyline Betting Today

3-way moneyline betting brings a thrilling dimension to sports betting, especially in games like soccer, hockey, and cricket. With options to bet on a home win, an away win, or a draw, mastering this format can unlock exciting opportunities. This is only true if you know how to approach it.

To succeed, smart risk management is key. Always do your homework: evaluate team form, player injuries, and recent performance. Compare odds across multiple sportsbooks to find the best value and keep track of public betting trends that can shift the odds in your favor.

Understanding the basics is just the beginning. At All The Picks, we provide you with insider knowledge, proven strategies, and cutting-edge tools to give you the competitive edge you need to succeed. Join us today and take your first step toward smarter, more rewarding bets — because winning starts here!