A moneyline 3-way bet is a type of sports betting wager that is commonly offered in soccer (football), hockey, and sometimes in other sports where a draw is a possible outcome. In this type of bet, there are three possible outcomes to choose from:
1. Home Team Wins: You bet on the home team to win the match.
2. Away Team Wins: You bet on the away team to win the match.
3. Draw: You bet that the match will end in a tie.
When placing a moneyline 3-way bet, the odds for each outcome will be provided by the sportsbook. These odds reflect the likelihood of each outcome occurring and will dictate the potential payout if your bet is successful.
For example, let’s say you’re betting on a soccer match between Team A and Team B. The moneyline odds might look something like this:
– Team A (Home) to Win: +150
– Team B (Away) to Win: +200
– Draw: +250
If you place a $100 bet on Team A to win and they win the match, you would receive your $100 stake back plus $150 in profit, for a total payout of $250. If you bet on the draw and the match ends in a tie, you would receive your $100 stake back plus $250 in profit, for a total payout of $350. If Team B wins, and you bet on them, you would receive your $100 stake back plus $200 in profit, for a total payout of $300.
It’s important to note that the odds can vary widely depending on the sportsbook and the perceived likelihood of each outcome. Always check the odds and the terms of the bet before placing your wager.