What is a 3 Way Line?
How Does it Compare to a Two Way Betting Line?
What To Know About Three-Way Lines
Some sports, such as soccer and hockey, have the option to wager on three-way lines in addition to two-way lines. These are used when three possible outcomes are possible, where each team could win, but the third option being a tie. The two most popular sports customers will see this is soccer and hockey.
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3 Way Money Lines – Enter the Tie or Draw
Hockey has '60 Minutes Betting' and soccer has '90 Minutes Betting' where the action that takes place after regulation is not included in the wager. These money line markets will differ in odds from the two-way markets offered for the same exact match because there is the possibility of a third result.
Instead of a money line market for two teams and only having two choices, the third choice of a tie is introduced, hence the odds being different. These sports also have two-way money line markets, where if the tie does happen after the regulation time, the customer's wager is returned and is considered void.
What To Know About Two-Way Lines
Two-way odds, also known as money line odds, are used in sports where there are only two possible outcomes, such as a football content or a basketball matchup. In these cases, the odds will be expressed as a positive or negative number, with the favorite being indicated by a negative number and the underdog being indicated by a positive number.
For example, if the Los Angeles Lakers are favored to win a game and is given -200 odds, this means that for every $200 bet on the Lakers, the customer will win $100. If the Sacramento Kings are the underdog and is given +150 odds, this means that for every $100 bet on the Kings, the customer will win $150.
This is the most tried and true money line example from a sport with a two-way line. A two-way line is used for baseball, basketball, and football because for two of those sports there are no ties, and for the NFL, they are very rare.
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Three Way Line Compared To A Regular Line
In sports betting, odds are used to determine the probability of a certain outcome occurring and to determine the potential payout for a particular bet.
There are two main types of odds: two-way odds and three-way odds.
Both novice and weathered customers have all made the mistake on wagering on a two-way market instead of a three-way market and vice versa, resulting in a frustrating losing wager and maybe an accidental gift in their favor that they were not expecting.
Example Of A Two-Way Line Compared To A Three-Way Line
Two Way Line
| Two-Way Money Line | Money Line Odds | Risk To Win | Result If Tied After Regulation |
| Philadelphia Flyers | +260 | $100 Wins $260 | Void, Stake Wagered Return |
| Toronto Maple Leafs | -335 | $335 Wins $100 | Void, Stake Wagered Return |
Three Way Line
| Three-Way Money Line | Money Line Odds | Draw Odds | Risk To Win | Result If Tied After Regulation |
| Philadelphia Flyers | +340 | +430 | $100 Wins $340 | Loss |
| Toronto Maple Leafs | -205 | +430 | $205 Wins $100 | Loss |
Main Difference Between 2 Way Lines and 3 Way Lines
The main difference between two way lines and three way lines is the number of possible outcomes. Two-way odds are used in sports where there are only two possible outcomes, while three-way odds are used in sports where there are three possible outcomes.
Both types of odds are used to determine the probability of a particular outcome occurring and to calculate potential payouts for bets.
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