3 Way Bet
Depending on the bookmaker and the particular event, the possible number of bets available to a punter may vary from one to potentially hundreds. Continuing our guide to some of the most readily-available bet types at most major bookmakers, this time we turn our attention to 2-Way and 3-Way bets, Draw No Bet (DNB), Double Chance and the European handicap.
3 way arbitrage betting calculators are most commonly used for sporting events where a draw is possible. Soccer/football, rugby and boxing are common sports where a 3 way arbitrage calculator comes in handy. It can also be very useful for 3 ball matchups in golf arbitrage betting. 3 Way Surebet Calculator Features. What is a 3-Way Bet? A 3-way bet is a bet on an event that has three possible outcomes: Team A wins, Team B wins, or a draw. The odds on a 3-way bet will always be higher than odds on a similar two-way bet considering there is an additional outcome. Therefore, when one places a 3-way bet there is only one way to win and two ways to lose. 3 way results do not push if it goes to overtime because there are 3 different results you can bet on. HOME WIN - TIE - AWAY WIN. 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.
2-WAY
This bet type is a selection made on two options, also known as a “Winning bet”, “Moneyline”, “Puckline” or “Draw no bet”.
This situation occurs in sports that cannot end in a draw (tennis, basketball, etc.) or in sports where, if a draw occurs, the bet is considered invalid and the amount of money placed as the original stake is returned to the player.
3-WAY
The 3-Way bet includes the same possibilities as the 2-Way, but then with the added possibility of the draw. The most common 3-way bet is given in football, and is also known in the market as “1X2.”
Draw No Bet (DNB)
This is a bet without a draw option imposed by the bookmaker, perhaps as an enticement to players through a special offer. Bets are placed on a winner, but in the event of a draw the bet is declared void and the original stake is returned. Here is an example;
Real Madrid are playing Barcelona, and you believe Barcelona should win. However, acknowledging this will be a difficult task as the draw is also possible, you can place a bet on Barcelona for a ‘Draw No Bet (2 DNB).’
If Barcelona win the game, your bet is a winning one, if the game results in a draw, you get your stake back, and of course in the case that Real Madrid win the match, you lose the bet.
Double Chance
Some bookmakers offer the “Double Chance” where it is possible to combine the three options of the classic 3-Way bet into two outcomes made as single bets. This means that there are three possible bets which can be made; one team or the other to win (meaning a draw results in a loss of stake) or either team to win or draw, ensuring the original stake is only lost if the team or player that is backed loses.
European Handicap
Handicap betting applies a pre-match advantage (or disadvantage) to one of the competing teams or players. In such a way, the bet is determined to be won or lost only after adding the handicap to the final result of the event.
Here is an example, as applied to a football match between Brazil and Honduras. Brazil start the match as a clear favourite, and as such, odds of only 1.25 are applied for a Brazil win. You believe Brazil will win comfortably, so you choose to bet on Brazil with a handicap of -2 goals, at odds of 3.20. A winning bet is achieved if Brazil win the match even after applying the handicap to the final result of the match. For instance, if the final result is Brazil 3 – 0 Honduras, once the handicap of -2 is applied, Brazil still claim the win by a scoreline of 1 – 0. In this case, the bet is a winning one.
Betting using the European Handicap (EH) means betting on the classic 3-Way or “1X2” scenario, but at the same time giving one team an advantage (or disadvantage, depending on your viewpoint) of one or more goals. With this handicap there is no chance of getting back the amount invested in the stake (void), because you either win or lose.
Consider a match between Chelsea and Everton in which Chelsea are the clear favourites, and so the bookmaker offers the odds in EH to ensure the result can be made more competitive:
Chelsea (-1) odds = 3.50 (The bet is won only if Chelsea win by more than one goal.)
Draw (Everton + 1 or Chelsea -1) odds = 3.60 (The bet is only won if Chelsea win by a single goal.)
Everton (+1) odds = 1.75 (The bet is won in the case of a draw or an Everton win.)
There are alternative methods of displaying the same European Handicap concept with different bookmakers. For example, Handicap (2: 0), which means a handicap of -2 goals is applied to the home team, or EH + X / EH-X, which means that X goals are added to or subtracted from the home team. You may also find the above examples with the name of the team the handicap is applied to.
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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. This means that the other team/player will have to score higher goals/ points tally to win. As a result, that competitor will get higher odds and punters will get more valuable bets.
3 Way Handicap Betting Sites
Those higher odds are essential when a punter examines 3 way handicap betting sites. Different sports betting operators offer different odds so bettors should choose wisely.
In addition to this, punters should also pick their preferred handicap betting site based on other criteria too. These include whether a bookmaker is:
- licensed and regulated,
- secure,
- reliable and reputable,
- rich in sports,
- has quality handicap betting markets,
- etc.
A quality bookmaker will tick all these boxes, and this is really important. You don’t want to bet on high odds, but win nothing because of a fraudulent bookie. Here, BettingRex brings you what you need. Have a look at my extended list and find exclusive bookmakers with beneficial odds.
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3 Way Handicap Bet Explained
So what is handicap betting? And what’s the difference between 3-way handicap and an Asian handicap bet? If you want the 3 way handicap bet explained, pay close attention to the following example. It’s actually quite easy.
So, as I said, a handicap betmodifies the outcomeof the football game by levelling out the playing field. For example, FC Barcelona play Girona, the Catalans are huge favourites. To even things out, the bookmaker gives Girona a two-goal advantage before the match starts (+2). This means the following:
- Barcelona win 3:0 – the 3-way handicap outcome is 3:2 – 1
- Barcelona win 2:0 – the outcome is 2:2, so it’s a draw – X
- Barcelona wins 1:0 – the handicap result is 1:2, Barcelona lose, so it’s a handicap win for Girona – 2.
This is a very clear illustration of how the 3-way handicap market works. In contrast, an Asian variant of the bet has only two outcomes. This is because, in this market, the bookmaker evens the forces out by giving Girona a one-and-a-half goal advantage (+1.5). Take a look at the same match once again:
- Barcelona win 2:0 – the Asian handicap outcome is 2:1.5, so it’s still a Barca win – 1
- Barcelona wins 1:0 – final result in this 2-way market is 1:1.5, Barcelona lose, meaning this is a victory for Girona – 2.
As you can see, there is no draw option in the Asian variant of the market. This makes Asian bets much more popular with punters as they don’t have to worry about the goal difference so much. Backing Barcelona in it makes more sense as their two goals victory was only good enough for a draw in the 3-way handicap market. In Asian bets, however, there isn’t a draw option; therefore, that was a clear Catalan victory.
3 Way Handicap Bet Strategy
The best 3 way handicap bet strategy is to back massive favourites with higher stakes. This is because bets on teams which will win the match convincingly almost never fail the punter. What is more, regular odds to win on those matches are always too low. This makes backing a favourite in such a scenario pointless.
That’s why the 3-way handicap market is such a nice proposition for these events. Can you imagine a team such as Liverpool not putting 3 or 4 goals past Norwich? Backing the Reds in the regular match winner market will come with odds of 1.20 (1/5) tops. However, backing them to overturn a two-goal handicap deficit can come with enticing odds of 2.50 (3/2).
3 Way Bet Meaning
3 Way Handicap FAQ
3-way Betting Sportsbet
- What is a 3 Way Handicap?
A 3-way handicap is when you are betting on a match in which one of the teams is given extra points/goals, and there are three possible outcomes. For example, let’s say Chelsea play West Ham (+1) and the Hammers get a one-goal advantage. The betting outcomes would be as follows:
- Chelsea 2:0 West Ham – Handicap outcome is 2:1 – 1 (the home team wins)
- Chelsea 2:1 West Ham – Handicap outcome is 2:2 – X (a draw)
- Chelsea 2:2 West Ham – Handicap outcome is 2:3 – 2 (away team wins)
- What is a 3 way bet?
A 3 way bet is when there are three possible outcomes to a wager. In this case - 1, X, 2.
- What is a 3 way bet in rugby?
A 3-way bet in rugby is backing the match to end in a home win, draw or an away win (1, X, 2). As you can see, no different than the football version.
- How do you place a 3 way bet?
You simply select one of the three outcomes, which are home win, draw, and away win - in other words, 1, X, 2- and then you place your bet.