What is a 3-Way Moneyline?

If you’re new to sports betting in North Carolina, one of the most basic types of bets you’ll encounter is the moneyline. It’s quite simple, requiring you to choose the team or player you believe will win a particular game or event.

For example, if you were to bet on the Carolina Panthers to beat the Dallas Cowboys in a football game, that would be a moneyline bet.

While most moneyline bets offer a two-way choice between two teams, some sports provide a third option that includes the possibility of a tie. This type of wager is commonly found in sports like soccer and hockey, where ties are a more frequent outcome.

If you’re interested in learning more about three-way moneyline bets and how they work at North Carolina sportsbooks, continue reading.

What are three-way moneyline bets?

At North Carolina sportsbooks, the moneyline bet is a common wager that requires you to choose the winner of a game or event between two teams or players. However, sports such as soccer and hockey, which have higher incidences of tied outcomes, offer a 3-way moneyline bet that includes the option for a tie.

A three-way moneyline bet allows the bettor to choose between the two teams to win or to predict that the game will end in a tie. This type of bet is more advantageous for the bettor than a two-way moneyline bet since it adds an extra outcome, leading to more favorable betting odds.

Soccer and hockey are the two primary sports where 3-way moneyline bets are offered at North Carolina sportsbooks. In soccer, the game can end in a tie if neither team scores a decisive goal, resulting in fairly common tied outcomes. Similarly, in hockey, ties at the end of regulation are frequent. Then, games can go into overtime or a shootout if there is no decisive winner after three periods of play.

Overall, three-way moneyline bets are a popular option for North Carolina sports bettors, particularly in sports with higher chances of tied outcomes. Understanding the different types of moneyline bets and their outcomes is crucial for successful sports betting. You should always review the terms and conditions of your sportsbook to ensure you understand how wagers are settled.

3-way moneyline bets in soccer

Soccer is a sport with a high incidence of ties, making the 3 way moneyline a popular option for North Carolina sports betting fans. In a three-way soccer moneyline, you have the option to pick one of the two teams to win or to choose a tie as the outcome.

The outcome of a three-way soccer moneyline is typically determined after full-time, which consists of the entire 90 minutes of play, plus any additional time required due to play stoppages or injuries. Once the full-time is complete, either a winner or a tie will be the result.

For example, if you were betting on a soccer match between Manchester United and Liverpool, the three-way moneyline options could be:

Manchester United+150

If you chose Liverpool to win, and they did, a bet of $100 at +190 odds would pay out $290. That’s your original bet plus $190 in winnings.

It’s important to note that there are some soccer tournaments where ties are not allowed, and the outcome of a three-way moneyline would be determined at the end of full-time, without including any extra time or shootouts. It’s crucial to review the rules and regulations of your chosen sportsbook to ensure you understand how winners and losers for bets in specific situations are determined.

3-way moneyline bets in hockey

In a two-way moneyline bet for a National Hockey League (NHL) game, the winning team can be determined after the three periods of regulation play, including overtime and shootouts. However, the bets are settled only when the game comes to a complete finish.

For example, a two-way traditional moneyline bet for an NHL game between the Carolina Hurricanes and the Nashville Predators might look like this:

Carolina Hurricanes-120
Nashville Predators+315

In contrast, a three-way moneyline bet includes an additional option of a tie. This type of bet is commonly found in hockey due to the frequent occurrence of tied games.

A three-way moneyline bet for the same Hurricanes-Predators game might look like this:

Carolina Hurricanes-110
Nashville Predators+325

The odds for both teams are adjusted with the addition of the tie option. It’s important to note that a three-way moneyline bet for hockey, like soccer, is settled at the end of regulation play. If the game goes into overtime and shootouts, it won’t affect the outcome of the three-way bet.

In summary, the three-way moneyline bet offers the potential for a larger payout in hockey due to the added option of a tie. It’s important to review the terms and conditions of your chosen sportsbook to ensure you understand how such determinations are made.

But other sports tie, too

While it’s true that other sports can also end with ties, it’s far less common than in soccer and hockey. Due to the rarity of tied outcomes in most other sports, North Carolina sportsbooks typically offer only traditional moneylines for these sports, such as the National Football League (NFL).

If a tied outcome occurs in a sport that typically does not have ties, it results in a push, which leads to a no-bet. All bets are voided because a winner cannot be declared at the end of the game or event. The wagers bettors placed on the moneyline are returned to them.

For example, if a bettor places a bet on an NFL football game with a point spread of -3, and the game’s final score is 24-21, the bettor would neither win nor lose the bet. This is because the point spread was exactly three points, resulting in a push.

Similarly, if a bettor places a bet on the total score of a basketball game and the final score exactly matches the total, that’s a push. Their original wager would be returned.

Can there be a push in 3-way moneyline betting?

In a three-way moneyline bet, a push cannot occur because one of the possible outcomes is a tie or draw. When placing a 3-way moneyline bet, the bettor has the option to choose between two teams to win the game or for the game to end in a tie. If a bettor chooses a team to win, they are essentially stating that they do not believe the game will end in a tie.

Since a tie is one of the possible betting outcomes in a three-way moneyline bet, a push cannot be awarded if the game ends in a tie. In other words, if a bettor places a bet on a team to win and the game ends in a tie, they do not receive their original wager back as they would in a traditional two-way moneyline bet. Instead, if a bettor places a bet on the tie option and the game ends in a tie, they will win the wager.

It’s important to note that the rules and regulations regarding three-way moneyline bets may vary across sportsbooks. Bettors should always review the terms and conditions of their chosen sportsbook to ensure they understand how bets are settled. In any case, understanding the potential outcomes and rules of a specific type of bet, such as a three-way moneyline bet, is crucial for making informed betting decisions.

About the Author

Sam Eggleston

Sam Eggleston is a sports journalist and editor who resides in Michigan's Upper Peninsula. He has worked for a variety of news organizations, including digital media companies SB Nation and Issue Media Group and print newspapers for Gannett, Morris and Ogden.