3 Way Bet

If you are going to bet on football, you are likely to find yourself to deal with three-way bets (3way bets) more often than you would ever imagine.

Three-way bets are common for football's own nature: as every game can often end in three different ways, you will always have three different sides you can bet on. You can bet on the favorite to win, the underdog to win, or for the match to end in a draw. The prizes awarded for 3-Way Box bets are greater than those of 6-Way Box bets, as the odds of matching the correct numbers are higher. For wheel bets, you place a $0.50 or $1.00 stake on every combination of your three chosen numbers. A Wheel bet is considered a 3-Way or 6-Way bet depending on how many combinations of your chosen.

Three-way bets are common for football's own nature: as every game can often end in three different ways, you will always have three different sides you can bet on. You can bet on the favorite to win, the underdog to win, or for the match to end in a draw.

What is crucial, here, is that you learn to use the 3way bets at your own advantage and understand when placing two different bets on the same match can be the quickest way for you to reach a profit.

You will be offered three selections: Over 3.0 - which means your bet wins if there are 4 or more goals scored in the game. If there are 3 or less goals scored in the game, the bet is lost. Under 3.0 - which means your bet wins if there are 2 or less goals scored in the game. A 3 way handicap is an excellent bet which evens out teams and increases odds. In this wager, the bookmaker gives one of the competitors a goal/point advantage before the match starts and gives you three betting options, which are home team wins, away team wins, and draw. NHL 3 way is settled without overtime (60 minutes of play) for the main quote (Away/Home/Draw/Total). This option does NOT include overtime or a shootout. Get the latest Hockey Betting odds and NHL Hockey 3-Way Lines. Bet on your favorite team at Betcris.

3Way Bets: How do they work?

Let's imagine that you want to bet on football and Chelsea is about to play against Arsenal. It's a juicy match, you are going to watch it with some friends and you are thinking about placing a bet to add some fun to the whole evening.

Yet, once you reach your favorite sportsbook, all three possible results have a money line attached to them from the sports book. Let's look at an example:

Chelsea -175
Draw +250
Arsenal +400

In this example, if you want to bet on Chelsea to win you would have to wager $175 to win $100. If you want to bet on Arsenal to win, $100 would win you $400 if they pulled off the upset. And if you have a gut feeling that the match is going to end in a draw, you would get $250 for your $100 wager.

The sports books in this instance have confidence in the favorite to win. A loss will hurt them as they will have to put out four times the initial wager. When looking at these types of money lines you need to take that into consideration.

Ask yourself 'why is the sports book giving such a good price for the underdog?' Usually the reason is simple.. there is little chance of the underdog winning. Of course gambling on underdogs is part of what makes sports betting fun because the reward is higher the more risk there is.

How to use 3way bets at your advantage

Although in the previous example it is fairly obvious which team is supposed to win the match, things are not always so clear - and numbers can also hide some opportunities that you should never let go.

So, let's play with numbers a bit and let's imagine a scenario that looks more like:

Chelsea +125
Draw +200
Arsenal +175

Here, the book makers think the game is more likely to end in a draw and both teams are underdogs to win the game. Which side you choose will depend on the research you do, and of course those 'hunches' we all have before making a bet.

What you should always consider, in a 3way bet situation, is that you can also always make a two sided wager betting on both a team to win and for the match to end in a draw. Let's look at the first example again:

3 Way Bet Nfl

Chelsea -175
Draw +250
Arsenal +400

If you want to bet on Chelsea but want to hedge against losing the wager if there is a draw, you could bet $175 to win $100 if they win and bet $100 to win $250 if there is a draw.

If the match ends in a draw, you bet $275 and profited $75. If the match ends with Chelsea winning, you bet $275 and broke even. As long as Arsenal doesn't win, you're guaranteed at worst to push. The odds one out game.

Some more things to know before you place your bet

Even if numbers are the 'core' of betting, there are also some more factors to consider/research when making a three way match outcome wager. Hence, before you press the 'bet' button, make sure you know:

• Who the home team is and how they perform at home
• How does the away team perform on the road
• If any of the teams is on a bad or a hot streak
• If any of the teams have injured key players
• How important is the match for both teams (for example, the underdog needs to win the game to make the playoffs while the favorite has already clinched a spot)
• How does the season's schedule affect both teams(are both teams well rested or in the middle of a long road trip? Did any of them recently play any challenging match abroad?)

If you evaluate and research all of these factors and apply them into which side you are going to wager on, then chances are you'll be adding to your bankroll. Remember, preparation equals success in sports betting.

Historically, 3 way lines have primarily been only the concern of the soccer bettor. However, with the proliferation of online sportsbooks and the sheer number of bets that bettors have at their fingertips, these types of bets are becoming more commonplace in other sports. The purpose of this calculator is to help bettors understand the probabilities and vig associated with this type of bet.

What Are 3 Way Odds

3 way odds give the bettor the option to bet on either team in a particular game but also give them a separate option to bet that the game will end in a tie. For this reason, these bets are primarily found in sports where ties are fairly common such as soccer.

However, they can also be found in other sports such as hockey in which OT is fairly common. In these cases, the 'tie' option means that the score is tied at the end of regulation and the bet is settled regardless of any overtime or shootout results.

In such cases, this may be referred to as a 60 minute or regulation time bet. The most important thing to realize about a 3 way line is that a bet on either team will lose if the result is a tie instead of pushing like in a 2 way line.

What Is The Vig or Juice

In sports betting, the vig or juice is how the difference between the payout that is offered and what the payout 'should' be based strictly on the probability.

In 2 way bets, the vig is fairly easy to see. For example, in a bet where both outcomes are considered equally likely, the odds are typically -110. This means that the bettor has to wager $110 to win $100. If you think of the game as a coin flip where you win $100 every time the coin lands on heads and you lose $110 every time the coin lands on tails, you can see that you will lose money in the long run as long as the coin is fair. In this case, the fair odds should be +100 meaning that you would still win $100 for each head but only lose $100 for each tails. The difference between losing $100 and $110 is the vig or the juice and it guarantees that the sportsbooks will make money as long as there are a roughly even number of bettors on each side.

With 3 way odds, the vig can be a little bit harder to see. That is where this 3 way odds calculator can come in handy.

What Is A 3 Way Fair Odds Calculator

A 3 way fair odds calculator takes the odds on each of the three possible outcomes and uses them to determine the implied probability of each outcome. It will also show what the odds would be if the bet had no vig attached.

This can help sharp bettors identify potentially profitable opportunities. If they have reason to believe that a particular outcome is more likely to occur than the true probability implied by the odds, then they may have found a good bet. By comparing the actual odds offered to the no vig odds, they can see how much vig they are paying and make an informed decision on whether to make that bet.

How To Use A 3 Way Fair Odds Calculator

To use a 3 Way Fair Odds Calculator, simply enter the odds for each of the options in the 'American Odds' fields and click calculate. The calculator will calculate the True Probability and No-Vig Odds for each of the 3 outcomes. For example, If Liverpool is +112, Leicester City is +245 and Tie is +250, our calculator would give us the following results:

We can compare the 'True Probabilities' from the calculator to our perceived probabilities to determine if we feel like any of these outcomes are worth betting.

Gaming Today Odds Calculators

Check out some of our other odds calculators:

FAQs – 3 Way No Vig Calculator

How to use 3way bets at your advantage

Although in the previous example it is fairly obvious which team is supposed to win the match, things are not always so clear - and numbers can also hide some opportunities that you should never let go.

So, let's play with numbers a bit and let's imagine a scenario that looks more like:

Chelsea +125
Draw +200
Arsenal +175

Here, the book makers think the game is more likely to end in a draw and both teams are underdogs to win the game. Which side you choose will depend on the research you do, and of course those 'hunches' we all have before making a bet.

What you should always consider, in a 3way bet situation, is that you can also always make a two sided wager betting on both a team to win and for the match to end in a draw. Let's look at the first example again:

3 Way Bet Nfl

Chelsea -175
Draw +250
Arsenal +400

If you want to bet on Chelsea but want to hedge against losing the wager if there is a draw, you could bet $175 to win $100 if they win and bet $100 to win $250 if there is a draw.

If the match ends in a draw, you bet $275 and profited $75. If the match ends with Chelsea winning, you bet $275 and broke even. As long as Arsenal doesn't win, you're guaranteed at worst to push. The odds one out game.

Some more things to know before you place your bet

Even if numbers are the 'core' of betting, there are also some more factors to consider/research when making a three way match outcome wager. Hence, before you press the 'bet' button, make sure you know:

• Who the home team is and how they perform at home
• How does the away team perform on the road
• If any of the teams is on a bad or a hot streak
• If any of the teams have injured key players
• How important is the match for both teams (for example, the underdog needs to win the game to make the playoffs while the favorite has already clinched a spot)
• How does the season's schedule affect both teams(are both teams well rested or in the middle of a long road trip? Did any of them recently play any challenging match abroad?)

If you evaluate and research all of these factors and apply them into which side you are going to wager on, then chances are you'll be adding to your bankroll. Remember, preparation equals success in sports betting.

Historically, 3 way lines have primarily been only the concern of the soccer bettor. However, with the proliferation of online sportsbooks and the sheer number of bets that bettors have at their fingertips, these types of bets are becoming more commonplace in other sports. The purpose of this calculator is to help bettors understand the probabilities and vig associated with this type of bet.

What Are 3 Way Odds

3 way odds give the bettor the option to bet on either team in a particular game but also give them a separate option to bet that the game will end in a tie. For this reason, these bets are primarily found in sports where ties are fairly common such as soccer.

However, they can also be found in other sports such as hockey in which OT is fairly common. In these cases, the 'tie' option means that the score is tied at the end of regulation and the bet is settled regardless of any overtime or shootout results.

In such cases, this may be referred to as a 60 minute or regulation time bet. The most important thing to realize about a 3 way line is that a bet on either team will lose if the result is a tie instead of pushing like in a 2 way line.

What Is The Vig or Juice

In sports betting, the vig or juice is how the difference between the payout that is offered and what the payout 'should' be based strictly on the probability.

In 2 way bets, the vig is fairly easy to see. For example, in a bet where both outcomes are considered equally likely, the odds are typically -110. This means that the bettor has to wager $110 to win $100. If you think of the game as a coin flip where you win $100 every time the coin lands on heads and you lose $110 every time the coin lands on tails, you can see that you will lose money in the long run as long as the coin is fair. In this case, the fair odds should be +100 meaning that you would still win $100 for each head but only lose $100 for each tails. The difference between losing $100 and $110 is the vig or the juice and it guarantees that the sportsbooks will make money as long as there are a roughly even number of bettors on each side.

With 3 way odds, the vig can be a little bit harder to see. That is where this 3 way odds calculator can come in handy.

What Is A 3 Way Fair Odds Calculator

A 3 way fair odds calculator takes the odds on each of the three possible outcomes and uses them to determine the implied probability of each outcome. It will also show what the odds would be if the bet had no vig attached.

This can help sharp bettors identify potentially profitable opportunities. If they have reason to believe that a particular outcome is more likely to occur than the true probability implied by the odds, then they may have found a good bet. By comparing the actual odds offered to the no vig odds, they can see how much vig they are paying and make an informed decision on whether to make that bet.

How To Use A 3 Way Fair Odds Calculator

To use a 3 Way Fair Odds Calculator, simply enter the odds for each of the options in the 'American Odds' fields and click calculate. The calculator will calculate the True Probability and No-Vig Odds for each of the 3 outcomes. For example, If Liverpool is +112, Leicester City is +245 and Tie is +250, our calculator would give us the following results:

We can compare the 'True Probabilities' from the calculator to our perceived probabilities to determine if we feel like any of these outcomes are worth betting.

Gaming Today Odds Calculators

Check out some of our other odds calculators:

FAQs – 3 Way No Vig Calculator

3-way Betting Sportsbet

3 Way odds are very common in soccer betting. They are also fairly common for regulation time bets in hockey. They can also be found in sports like basketball for either half or full games although since ties are much less likely in higher scoring sports, they are much less popular.

When you are new to 3 way betting, the odds can be very confusing at first. It is fairly common for all 3 outcomes to offer positive odds which is never the case in 2 way betting. For that reason, the underlying probabilities may not be intuitive at first and the calculator can help to close that gap.

Not exactly. A 3 way odds calculator will tell you the implied probability of a bet for the given odds. It is up to you to determine what you think that the actual probability of each outcome is and compare them to the calculated results to make informed gambling decisions.