When you start betting on sports you can come across different terms, from outright to parlay bet. So you also have the term 3-way bet. We give you a brief explanation of the meaning.
The explanation of this bet is very simple. You have 3 different betting options. For example, the 1 × 2 bet is a 3-way bet. You can bet on a win, a draw, or a loss.
3-Way With a Handicap
In a bet with a handicap, you give a team a virtual lead of, for example, 2 goals.
If you do this with a 1 × 2 bet, there are still 3 possible outcomes.
This 3-way bet with handicap is used when one of the teams is much stronger. You give the underdog a virtual lead so that betting on the favorite becomes interesting again with regard to the odds.
In addition to the 3-way bet, there is also a 2-way bet. If only 2 outcomes are possible, it is a 2-way bet. Think of tennis where no draw is possible. Here, you can only bet on win or loss here.