Most people know what the moneyline is when it comes to betting. It is a very popular bet type, after all. What does confuse most people, however, is the idea of the 3-way moneyline. So, what is the 3-way moneyline meaning? Let's take a look.
What Does 3-Way Money Line Mean?
A standard moneyline allows you to bet on the winner of a game. Simple, right? There is a reason why this is one of the most common bets. It requires no brainpower to understand, and it is incredibly popular among more casual gamblers.
A 3-way moneyline is similar in that you are betting on who you believe will win the game. However, a 3-way bet will also allow for a draw. So, there are two conditions that you can meet to win a 3-way moneyline bet:
- You correctly chose the winner
- The game ends in a draw
We must it, it isn't the most exciting bet in the world. However, it is often seen as a great choice by those who are struggling to work out which team may come out on top in an evenly matched game.
It is perhaps worth noting that not every online sportsbook is going to offer a 3-way moneyline bet. It isn't really a popular bet, and as you will see in the next section, it is not really something that we actively encourage people to take advantage of, as it isn't really a good way to bet.
However, if you want to gamble with as little risk as possible, then the 3-way moneyline offers just that.
Best Sportsbooks for 3-Way Betting
Now You Know The Money Line 3-Way Meaning, What Are The Pros and Cons?
Alright, so now we have gone over the 3-way moneyline meaning, it is time to take a deeper dive into this way of gambling. We want to give you a few of the pros and cons of this bet.
As we said, this isn't a bet we really encourage people to place. However, many people have still found some use for it, so it may be right for you.
The Pros
A money line bet is still simple to understand. A bit more complicated than a standard moneyline, but you still should be able to wrap your head around it. It may be a good introduction to online gambling.
These bets tend to be better when you have some evenly matched teams because the fact that you can also win on a draw will sort of hedge that bet for you.
These bets also have a lower amount of risk than your typical moneylines. This is because there are two ways that you can win rather than one.
The Cons
The major con is that 3-way moneyline bets don't pay out a lot of cash. As we said, these bets don't carry a lot of risk. When something doesn't carry much risk, it doesn't pay well.
Most use the 3-way moneyline to build up their bankroll and nothing more than that. The odds for most 3-way moneyline bets probably wouldn't even be good enough to burn through any free bet credit you may have.
Conclusion – What Does Money Line 3-Way Mean?
The 3-way moneyline meaning is simple: you are betting on who you believe will win the game, and if they don't win the game, you think that a draw will occur.
This is a popular soccer bet, but it can extend to most sports where draws are possible.
, this isn't a type of bet you will want to use regularly. It doesn't pay well enough for that.