Understanding Sports Betting 3-Way Markets: A Complete Guide

In the world of sports betting, the term “3-way betting” or “sports betting 3” refers to a specific type of wagering that presents three possible outcomes for a given event. This is most commonly used in sports where draws are a natural result, such as soccer, hockey, and some combat sports. Unlike standard two-way bets where you choose between two outcomes (Team A wins or Team B wins), the 3-way bet includes the possibility of a draw or tie at the end of regulation time.

What Is a 3-Way Bet?

A 3-way bet allows you to wager on one of the following outcomes:

1. Team A wins
2. Team B wins
3. Draw or tie at the end of regulation time

This type of market is most frequently seen in:

• Soccer (where draws are common)
• Hockey (during regular season, not including overtime)
• Boxing and MMA (judges’ decision resulting in a draw)
• Handball, futsal, and other international sports

How Odds Are Calculated in 3-Way Betting

The odds in a 3-way market are typically more balanced compared to 2-way markets. Since there are three potential outcomes, the sportsbook’s margin is split among the three options. As a result, bettors may find slightly better value if they accurately predict a draw or an underdog win.

For example, a 3-way line might look like this:

• Team A to Win: 2.20
• Draw: 3.10
• Team B to Win: 3.00

In this case, a $100 bet on a draw would return $310 if successful.

Difference Between 3-Way and 2-Way Betting

The main difference is that 2-way betting eliminates the draw option by either:

• Including overtime/shootouts (like in American sports)
• Offering “Draw No Bet” lines, where your stake is refunded if the match ends in a tie

In contrast, 3-way betting applies only to the outcome at the end of regulation time. This is crucial for sports like soccer, where extra time or penalties may follow in tournament formats, but do not count for regular 3-way wagers.

Pros of 3-Way Sports Betting

• Better Odds on Draws: Since draws are often underrated, you can find good value.
• Higher Payout Potential: With three options, you might receive better odds than a simple win/lose scenario.
• More Strategic Options: Bettors can hedge outcomes or use combination bets (e.g., double chance).

Cons of 3-Way Sports Betting

• Higher Risk: Three outcomes means a lower probability of winning unless well-researched.
• Misunderstanding Regulation Time: Bettors may mistakenly assume overtime or penalties are included.
• Limited to Certain Sports: Not all sports support a 3-way outcome naturally.

Strategies for 3-Way Betting

1. Understand the Teams’ Playstyle: Some teams are defensively oriented and prone to drawing matches.
2. Consider Game Importance: In group stages, a draw might be strategically desirable for both teams.
3. Use Statistics: Look at the frequency of draws in a league or team’s recent form.
4. Monitor Line Movement: Public money may distort odds, offering opportunities on less popular outcomes.
5. Double Chance Backup: If you’re unsure, consider a double chance bet to cover two of the three possible outcomes.

Example Scenario

Let’s say Barcelona is playing against Atlético Madrid in La Liga:

• Barcelona to win: 1.90
• Draw: 3.40
• Atlético Madrid to win: 4.00

If you believe Atlético has a chance but aren’t confident they’ll win outright, a draw bet at 3.40 could still be a valuable option, especially in a tightly contested game.

Conclusion

Sports betting 3-way markets are an essential tool for seasoned bettors, especially those who follow soccer or other draw-prone sports. With greater risk comes the potential for better reward, especially when leveraging knowledge of team dynamics, league patterns, and statistical analysis. Understanding the implications of regulation time and mastering the strategic angles can give bettors a significant edge in these markets.