A 3-Way Bet is a common betting option in sports where there are three possible outcomes for a match: Team A wins, Team B wins, or the match ends in a draw. This type of bet is especially prevalent in soccer, hockey, and other sports where ties are possible.
- Definition: A form of betting involving three possible results.
- Sports: Common in soccer, hockey, and some combat sports.
- Outcome: Win, lose, or draw are the possible outcomes.
The key to understanding a 3-Way Bet is knowing that the total stake is placed on one of these three outcomes. For example, if you bet on Team A to win and they do, you win the bet. However, if Team B wins or the match ends in a draw, you lose your stake.
This type of wager can offer better odds compared to traditional two-way bets, but it also carries higher risk due to the third possible outcome – the draw.
