3 Way Handicap Home

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Betting has never been better with pre-event and in-play markets available from all over the world. Get the latest betting odds at Coral. Don't Bet Silly, Bet Savvy! The 3-way Asian handicap is a good example of a bet that gives more returns while reducing the risk involved. It also acts as an option for a traditional 1X2 bet that gives low possible winnings for one-sided matches. That means that you can still be able to bet on your favourite teams and get higher returns. Some of the most reviewed products in LED Light Bulbs are the Cree 30/60/100W Equivalent Soft White (2700K) A21 3-Way LED Light Bulb with 693 reviews and the Cree 40W/60W/100W Equivalent Soft White (2700K) A21 3-Way Exceptional Light Quality LED Light Bulb with 548 reviews. The 21 team's handicap becomes 3 (21-16 = 5; 50 percent of 5 is 2.5, which rounds up to 3). If the players are allowed to both hit their drives, then select which drive to use – making the format somewhat easier – the combined handicap would be 40 percent of the total rather than 50 percent.

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For many bettors, placing a moneyline wager is the simplest way to make a bet. This type of wager is as straightforward as they come, asking bettors to determine the straight-up winner of a game or match.

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Certain sports provide an additional option beyond the classic two-way moneyline. Three-way moneylines also allow sports bettors to bet either one of the two sides, but they provide an additional option by allowing bettors to put their money on the likelihood of the event ending in a tie.

Read on for a deeper look at which sports offer three-way moneyline betting and how to turn a profit when placing these wagers.

Three-Way Moneylines, Made Simple

Whereas a typical moneyline bet involves a bet on one of two options, three-way moneyline betting involves three options. When wagering on a three-way moneyline, you can bet either Team A to win, Team B to win, or for the event to end in a tie (sometimes referred to as a ‘draw’).

Naturally, three-way moneylines come into play for sports where the result may end in a tie and, as such, a winner cannot be determined through regular game time. Because it is harder to accurately predict an outcome with three choices rather than two, betting on a three-way moneyline will offer more value to bettors than a traditional moneyline.

Oddsmakers primarily employ three-way moneyline bets in two sports, hockey and soccer. Unsurprisingly, this is because these two sports are significantly more likely to end in a tie or draw.

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The Three-Way Moneyline in Soccer

Wagers in soccer are decided after full-time, which refers to the full 90 minutes on the clock, plus any additional time that is added by the referee for injuries, stoppages, or any other reason. Unlike in the large majority of other sports, ties (“draws” in soccer terms) are extremely common due to the lower-scoring nature of the game.

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In fact, draws occur so often in soccer that three-way moneyline betting is the most standard and popular way to bet on a soccer match. However, there are many other ways to bet on soccer as well.

Operationally, betting on the draw is just like betting on a side. However, when betting on the draw, you’re hoping for the score to be tied at the end of full-time. An example of three-way moneyline odds for a soccer match could be as follows:

As you can see, the option of a draw is listed in the same fashion as choosing either team as the outright victor. It is worth noting that regular season matches can always end in a draw, but some tournament-style matches will extend into extra time and possibly into penalties. In these tournaments (where winners are guaranteed thanks to penalty kick shoot-outs), three-way moneyline bets are predicated on a result being determined in the 90 minutes of full-time play. In this case, your bet will be graded as a loss if the side you select to win does so after regular time.

Three-Way Moneyline in Hockey

There are many hockey leagues around the world, but most hockey bettors wager on the National Hockey League (NHL).

Standard, two-way moneyline betting is a popular NHL wager. However, because games are often tied after three periods, most hockey betting sites also offer three-way moneylines on most games.

Two-way moneylines betting on the NHL ask you to pick a side to win outright, even if the game goes to overtime or ends in a shooutout. Whether your team wins after three periods, during overtime or through a shootout, if the team you pick wins—you win.

A standard, two-way moneyline bet looks like this:

To compare the differences, let’s look at three-way moneyline odds for this same game. Remember that the three-way moneyline eliminates overtime from the wager, meaning you’re simply betting on the outcome at the end of three periods.

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As you can see below, Vegas is still the favorite. However, in the three-way moneyline option, odds for both Vegas and Vancouver are longer. This means that if you select either team as an outright winner, you’ll see a better return on the three-way moneyline than you would on the two-way moneyline.

The tie is deemed the least likely option, so it offers the longest odds and biggest payout.

So if you’re looking for better value, longer odds, and higher payouts, three-way moneyline betting is the way to go. But remember, if you’re betting on a winner of the game, the bet is toast if they win in overtime or during the shootout. Three-way moneylines aren’t always the safest bet, but they can offer superior value.

Ready to Learn More Betting Terms and Strategies?

Three-way moneyline betting is just one of numerous ways to expand your horizons betting on sports. If you’re looking to learn more about betting terms, strategies and the sports betting industry, be sure to visit our 101 guides to sports betting.


How Does 3 Way Handicap Work

Find out the meaning of soccer handicap betting, how it works and the different types of soccer handicap betting markets available at Pinnacle. Continue reading to become a handicap betting expert.

In soccer as is an all competitive sports there is normally a difference in perceived quality of the opposing teams; the size of that difference varies depending on a complex range of influences ranging from historical dominance and financial backing to situational factors such as home field advantage or player injuries/availability. Soccer betting interprets these factors and represent them as chances of success for each side in the form of odds.

Handicap betting explained

Where the perceived difference in abilities is significant the betting odds on the favourite will be so small that it provides minimal returns and therefore little incentive for bettors.

Handicap

A numerical figure set by the bookmaker to counter the perceived bias in abilities of opponents - this provides more balanced odds.

To counter the perceived bias in abilities, and to provide more balanced and appealing odds, bookmakers offer what is known as handicap betting. In the context of soccer, the Handicap odds level the playing-field by accounting for difference in perceived strength of the participants by literally applying a goal handicap - positive and negative - to each side. This gives bettors the opportunity to find more value than when backing a heavy Favourite in traditional 1X2 bet - the most common way to bet on soccer.

The handicap is applied to the actual outcome of the game in order to grade (result) the bet. There are three types of Handicap bets you need to be aware of before betting:

Level Handicap

A level Handicap is where there is no perceived difference in abilities between Team X and Team Y, so no Handicap bias is assigned and both teams start with 0 goals.

To win a bet, the bettor must identify the team which they think will score more goals than their opponent. This type of handicap isn't relevant for one-sided encounters but is useful in that it eliminates the draw; if the game ends in a tie all bets are refunded because on a zero handicap neither team has any advantage.

What Does 3 Way Handicap Mean

Single Handicap

A single Handicap occurs when there is a perceived difference in abilities between Team X and Team Y.

The alleged superior team will be given an appropriate goal handicap to level the playing field for betting purposes i.e. -0.5 goal, -1 goal, -1.5 goals etc.

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For example, if you bet on Team X with a handicap of -1 goal, they must win by more than one goal to cover their handicap and win you your bet.

If they only win by one goal, the result with the handicap applied is a draw for betting purposes, so your bet is refunded. If Team Y draw or win, you will lose your bet on Team X.

Split Handicap

A split Handicap occurs when the difference between the two teams’ abilities is small; allowing you to spilt your stake over two handicaps.

A split Handicap occurs when the difference between the two teams’ abilities is small; allowing you to spilt your stake over two handicaps.

For example, Team X might be offered at (0 & -0.5). If you bet on Team X and they lose, you will lose both bets, as they did not cover either handicap.

If the match ends in a draw, half of your stake at (0) will be refunded, and the other half at (-0.5) will lose. If Team X wins however, both handicaps will be covered, so both bets win.

If you’re stuck in the past slavishly following three-way fixed odds betting, the chances are you’re not getting a decent return on your investment, and your betting might benefit from the fresh perspective that soccer handicap betting provides.

Now that you know how handicap betting can be used to increase your profits, don't miss out on our number one most popular article - Staking: One method to improve your betting.

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Handicap betting video explainer

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Found this article useful? Why not check out our videos that details how Handicap betting works.

Asian Handicap video explainer

You can also understand how Asian Handicap betting works by watching this helpful video.

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