2 Way Betting Explained
In 2Way bets, there are two possible outcomes and you have to predict the right one. These bets are usual for all types of sports that don't allow draws (basketball, tennis, etc.). There are also lots of special bets that work according to the same principle. In this video I explain what 3-way betting is and provide a couple examples.Here's the link to the page on Sports Betting Canadian: http://www.sportsbettingc. An each-way bet, or ‘ew bet, is two bets: one bet for the selection to win and one bet for the selection to place. The place part of your bet will be settled in accordance with the place terms stated for the event. Effectively means putting on two bets; one to win, and one to “place” What is Each Way betting? Usually only offered in racing and ‘outright’ market contexts, an Each Way bet allows the customer to stake money on both their selection winning and finishing in one of the pre-set place positions (second, third etc.). Why bet Each Way? Handicap betting affects the way that odds are presented, and it is important to gain a solid understanding of this type of betting in order to be able to interpret those odds and place effective.
Handicap betting in rugby is nothing new and it will be available for every match in the 2021 Six Nations. However, not everyone knows how handicap betting in rugby works and what different options are available.
Fortunately, rugby handicap betting is very straight forward and using the Six Nations as an example, you will be up and running in no time at all.
Handicap Betting in Rugby Examples
The basic essence of handicap betting in rugby is to make the match a fair contest. So, in the second round of fixtures in the Six Nations, England are hosting Wales at Twickenham. England have won the previous two Six Nations titles and are heavy favourites to win the match with the bookmakers, priced at 1/6 with William Hill.
As this has the makings of a one-sided match in the eyes of the bookmaker, handicap betting provides an opportunity to make the betting more interesting.
England -11 v Wales +11
- Betfred offer Evens for England -11, which means to for the bet to be successful, England must win the match by 12 or more points.
- You can also get Evens on Wales +11 points.
- So if the match finished in favour of England but by less than an 11 point margin, a Wales +11 points would be a winning handicap bet.
Alternative Handicap 2-Way
UK Bookmakers will also offer Alternative Handicap 2-Way rugby betting and this opens numerous possibilities for matches.
Taking the England vs Wales match in the 2018 Six Nations again, you have a wealth options.
If you would like to bet on England and feel they could run up a big score against the Welsh, you could use the -18.5 point handicap, at odds of 7/4.
Notice the use of a half point in this bet.
We all know you cannot score half a point in rugby but the half point is there to remove the draw as an option.
So, it is merely a way to simplify the bet and you will need England to win by 19 points or more for the bet to be successful.
Alternative Handicap 3-Way
In addition to the Alternative Handicap 2-Way betting, you can enjoy Alternative Handicap 3-Way betting on rugby.
This works in the same way as normal handicap betting in rugby but introduces the possibility of the match ending in a draw, meaning there are three options.
For example, in the England vs Wales 2018 Six Nations match:
- England are 4/9 to win with a -6 point handicap.
- Wales are 7/4 to win with a +6 point advantage.
- The draw is 22/1 +6 points.
England are the strong favourites to win the match and that is why Wales are still 7/4 with a 6 point head start. Furthermore, for the draw to be the winning bet, Wales have a 6 point advantage, so if England win the match 26-20, the match would be called a draw for the purposes of the bet.
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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.
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.
2 Way Betting Explained Tips
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.
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.
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.
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.
Sports Betting Numbers Explained
The tie is deemed the least likely option, so it offers the longest odds and biggest payout.
2 Way Betting Explained
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.