Explore three-way moneyline betting in sports with our guide. Learn how ties affect soccer and hockey bets for extra excitement!
The moneyline wager in sports betting is the most straightforward and easy-to-understand bet. It aims to simply pick which team you think will win the game outright without any other strings attached. However, an alternate moneyline available in certain sports adds another wrinkle to it—the three-way moneyline wager.
Below, we’ll look at the three-way moneyline wager, explaining what they are, providing examples from particular sports, and providing insight into how to approach them.
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So, What Is It?
OK, so you might be aware that a moneyline wager is picking which team will win and can deduce there are two options.
So what’s the third?
As you’ll see in the examples below, the third part of the moneyline wager is a tie.
In sports like soccer, ties are possible, but a three-way moneyline is still available for specific circumstances for hockey. It’s possible in sports like NFL regular season games, but it’s more so a prop bet.
The Three-Way Moneyline: Soccer
In soccer, wagers are decided after the full 90 minutes are complete and if the referees add additional time.
Fortunately for soccer bettors, ties are extremely common because scoring is hard in the sport.
Because of this, the three-way moneyline is commonly displayed. The bet isn’t much different than a standard two-way moneyline. You’ll just choose whether you think a specific team will win or if they’ll tie.
Here’s an example:
The Three-Way Moneyline: Hockey
After three periods, hockey games will go to overtime and a shootout where someone is ultimately crowned the winner.
However, the three-way moneyline makes an appearance for betting on regulation only, meaning the first three periods.
Betting the three-way moneyline is still advantageous, though, as many teams go to overtime. For example, the Calgary Flames played in 24 overtime games last season.
Thus, you can see bets look like this:
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Moneyline Betting Tips
While the presence of the third moneyline can add dynamics to wagers, the goal with a moneyline bet is to decide who you think will win the game outright. You can come to this conclusion in a multitude of ways, including the following:
- Strength of each roster
- Players on each team
- Statistical performance by teams against one another
- Head-to-head record on the season
- Individual team statistical performance on offense and defense
- Researching how often teams tie during the period in which the bet covers
This applies to sports like soccer where ties are more prominent, too, as that factors into the research you’d do on matches beforehand.
Moneyline wagering is a great way for new bettors to get involved with sports betting before adding in other elements such as point spreads and a three-way moneyline is another way to enjoy the most common and novice-friendly type of sports wager.