The meaning of what is 3way in betting is probably the most popular of all betting options. and you will see it features at most great sportsbooks. A step up from the 2 way, it is also often referred to as a 3ways or 1 x 2 bet.
Popular with both beginner and experienced professional sport bettors, this betting type is especially enjoyed in three way betting soccer. In addition, it can be found in sports where an outcome could include win, lose, or draw options. In this article, we will provide a full explanation about 3way betting.
Highlight
- Popular betting option in football
- Features 3 possible results
- Commonly features good odds
- Offers a good winning chance
- Good all-round betting strategy
- Great for new bettors and pros
Understanding What is 3way in Betting
Put simply, the meaning of what is 3way in betting is a bet that involves one of 3 possible results. Commonly, a bet of this type will be placed on how the match will end. It could either end in a Home win, an Away win, or a draw.
As we already mentioned, this bet is often simplified at most sportbooks as the 1 x 2 bet, where:
- 1 as Home win
- X as a draw result or tie
- 2 as Away win
It is also important to note at this stage that a three way betting calculator of Home, Draw, or Away doesn’t necessarily always mean that one team would be playing on Home ground and the other is visiting.
You will commonly find that matches or events will take place in a neutral spot. However, for the sake of consistency, the bookmakers still use the 1 x 2 format, however, you will need to be aware of which team gets the (1) and which team will get the (2). Remember that the draw option will always stay the same.
With the meaning of what is 3way in betting, you will always have a 1 in 3 possibilities of winning your bet. While this chance percentage is a reduction from the 50 – 50 chance that the 2 way bet offers, it still yields a 35% shot at winning. With the slightly higher risk appears higher profit potential, making this a more interesting option for many sports betting.
Points to Remember
While about what is 3way in betting is easy enough to get used to that even beginner bettors can use it correctly. Let go of your confidence; there are one or two things you should keep in mind that may surprise you.
The 1 x 2 bet is one of the most popular betting options in football, however, it will only use the standard match time. In other words, any time over the allotted time like injury or penalty shootouts don’t count.
It lends what is 3way in the betting system incredibly well to knockout stages in tournaments, where knowing how to use a good 1 x 2 betting strategy will pay off in the elimination rounds.
Draw Result in 3way Betting
While the 2 way bet is differentiated by 2 absolute options (win or lose), what is 3way in betting has the added advantage of betting on a draw result. You will often find that sports betting providers offer higher odds for the draw (X) result. This is created in an attempt to draw more bettors into going for the riskiest of all the 3 way bet options, since a draw is statistically less likely.
This way, betting on the draw can be a good addition to your what is 3way in betting strategy. It all depends on the game in question. If you are placing bets on a match between 2 teams of equal strengths and weakness, a draw result is far more likely.
In cases where one team is stronger than the other, choosing either a (1) or (2) option would work best. Another case where betting on a draw would be great is in any tournament, where the teams are focused with points within a division, rather than a win on the day.
How to Make a 3 Way Bet?
After knowing what is 3way in betting, fortunately, playing this type of bet is nothing complex, as it can be seen the moment you open any sportsbook you use on your device.
The three way bet odds are commonly the first 3 odds that come up on the interface of your sports betting app. It will comprise Home winning, Away winning, and TIE that is mostly referred to as draw.
About what is 3way in betting, there is only one way to win and two ways to lose. It means deciding on one of the 3 odds (Home, Tie, Away). However, if your 3 way bet is more of a prop bet, you can check under the “more bets” or “game props” headings.
Moreover, remember that the Home and Away option signifies a straight win for either the favorite or the underdog (stronger or weaker team). Meanwhile, the Tie that usually carries the symbol of X signifies a draw.
Main Advantages of 3 Way Bet
One of the most advantages of choosing what is 3way in betting is that it is relatively high winning percentage. By its very nature, you will get 3 separate chances to win, that means into a 33.3% chance of winning your bet. Like its 2 way bet, the 3 way bet is easy to figure out and implement.
Final Words
To sum up everything, betting odds are an important aspect of sports betting, and figuring them out is crucial for making informed betting decisions. Fractional, decimal, and American odds are the three most popular formats, each with its different characteristics.
By mastering the concept of what is 3way in betting, you will be well-equipped to participate in the betting industry, analyze the odds effectively, and boost your chances of winning in the exciting world of sports betting.
The three way betting strategy offers you a minimum 33.3% chance of winning, which can be increased by choosing the alternative options (1 x 2) at another sports betting provider.