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Online Gambling USA / Betting Guide / 3-Way Moneyline Bets Explained: What is a 3 Way Moneyline & How to Bet?

3-Way Moneyline Bets Explained: What is a 3 Way Moneyline & How to Bet?

Publish Date: 15/01/2024
Fact checked by: Josh Schwartz

If you’re new to the world of online sports betting there’s quite a steep learning curve ahead of you. So in this guide we’re breaking down what a 3 way moneyline is, including how and when to use it.

Often available in soccer and hockey matches, a 3 way moneyline lets you choose between Win, Lose or Draw options. Not only have we got an explanation of this type of wager but we’ve also picked out some of our favourite sportsbooks offering these bets, so you can dive straight in and start wagering.

What is a 3 way moneyline bet?

Here at Gambling Guy we want you to have the best possible experience throughout your sports betting journey, which is why we produce helpful guides to explain some of the terms you’re likely to come across. So if you’ve been wondering what fade means in betting, or how to pick a safe and reliable sportsbook, we’re on hand with help, advice, comprehensive reviews and some exclusive bonus offers too. But right now it’s 3 way moneylines that we have on our minds, so here’s what you need to know.

The simplest type of sports betting is a 2 way moneyline, in which you pick the team that you think will win or lose. Get it right and you win the wager – but as you’ll be aware, not all matches result in an outright winner. That’s where the 3 way moneyline comes into play, introducing the option to bet on the outcome being a tie. These types of bets are most common when it comes to soccer and hockey.

What is a 3-way moneyline in football?

A 3 way moneyline in football gives you the chance to bet on Team A winning the match, Team B winning the match or a draw. That gives three potential outcomes rather than just the usual 2, increasing the likelihood of a win, although the prize payout is likely to be smaller.

What is a 3 way moneyline in hockey?

With a 2 way bet in hockey it makes no difference whether your team wins during the match itself or during overtime. But with a 3 way moneyline the bet finishes at the end of the 60-minute match, with no allowances made for extra time, resulting in slightly higher odds.

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Our pick of sportsbooks offering 3 way moneylines

Now that you know what a 3-way moneyline is, you’ll be ready to give it a try in real-life. So all that you have to do is to click on any of the betting sites featured in the banners of this page, and you’ll be given a great way to try this bet.

The good news here is that each of these sportsbooks has been checked to make sure that it is available in your location. This means that you can simply sign up to any of these sites, get your welcome bonus and enjoy making a three-way moneyline bet in a way that is legal, safe and fair.

Top alternatives to 3 way moneyline bets

There’s nothing wrong with three-way moneyline bets, but sometimes you will find that these kinds of bets get a bit same-y. After all, you might want to bet on one team who is a real favorite and the odds will be so short that it’s not worth betting on. Plus your favorite team might be a real underdog and it’s not so much fun losing all of your bets. But fear not, as these bet types offer you a great alternative to three-way moneyline bets:

Double chance bet

This is like a three-way money line bet, only that you get to bet on two outcomes. So you could bet on a home win and a draw, an away win and a draw, or even a home win and an away win. Doing so would give you a better chance of winning your bet, although it would come at the cost of shorter odds.

Draw no bet

Here, the draw is removed from the equation meaning that if the game ends in a draw, you will simply get your betting stake refunded. Again, it gives you less in the way of returns, but a winning bet is better than no win at all.

Spread/handicap bets

These bets are where you are betting on the winning margin. So for a football game, you could bet that a team wins by 1.5 goals or more. Such bets are a great way to get longer odds when betting on the favorite, or more chances of winning when backing the underdog.

Prop bets

These are bets that are unrelated to the end game result. For example, you could bet on totals like whether there will be more or less points scored in a basketball game compared to a number set by the betting site. Or you could try player prop bets for things like who will be  the first goalscorer in a game of football and so on.

Get ready to place your 3 way moneyline bets

Now that you’re up to speed with what a 3 way moneyline is, it’s time to put your new-found knowledge to the test. Any one of our recommended sportsbooks sites can provide you with a wealth of wagering options, but that’s only the tip of the iceberg – our site is crammed with safe and reputable sports betting sites and insightful gambling guides, as well as information about welcome bonus offers that add extra bang to your bucks. Be sure to check out our site banners for all the very latest offers – and keep checking back to keep up with all the latest sports betting news.

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What is a 3 way moneyline FAQ

🔎 What is a moneyline 3 way bet?

Rather than simply betting on who will win or lose a fixture, a 3 way moneyline bet introduces the possibility of a draw, so you can still win the wager if neither team is an outright winner. Here at GamblingGuy.com we’ve got a guide to how these bets work as well as top sportsbooks where you can put your new-found knowledge to the test.

💰 Can I win with a 3 way moneyline bet?

Yes, if your chosen team wins, loses or draws their match and you’ve placed a bet on the final outcome that proves to be correct, you’ll win a cash payout. Check out our betting guides here at GamblingGuy.com and find out the top betting platforms offering the chance to place 3 way moneyline bets.

❓ Where can I place a 3 way moneyline bet?

There are a number of sports betting operators offering the chance to place 3 way moneyline bets, and we’ve got our top picks right here at GamblingGuy.com. Whether you want to know what a 3 way moneyline is, or you need a little sports betting inspiration, we’ve got absolutely everything you need right here – along with a few exclusive offers to get you started.

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