For those venturing into the world of sports betting, you may have come across the term ‘3 Way Bet.’ While this betting option is prevalent in sports like soccer, its application in the NFL might raise eyebrows due to the nature of the sport. Let’s dive deep into understanding what a 3 way NFL bet truly entails.
1. Basics of a 3 Way Bet
A 3 Way Bet, also known as a Three-Way Moneyline Bet, presents three possible outcomes for a particular event. These outcomes are typically:
- Team A wins
- Team B wins
- The match ends in a draw
Yes, you read that right: a draw! While ties are rare in the NFL, they do happen. The 3 Way Bet takes this possibility into account, unlike the traditional 2 Way Moneyline bet which only considers a win or a loss.
2. How Does It Work in NFL?
Given that NFL games can end in a tie during the regular season, bettors have the chance to wager on this outcome using the 3 Way Bet. The odds for a draw are generally much higher than for either team to win due to the rarity of ties in the NFL.
If you were to wager on an NFL game with this bet, you would have the following options:
- Bet on Team A to win
- Bet on Team B to win
- Bet on the game ending in a tie
Should the game go into overtime and still end as a tie, those who wagered on the draw would be the winning bettors.
3. Pros and Cons of a 3 Way NFL Bet
- Higher Odds: Given the infrequency of draws, the odds for this outcome are often much higher, leading to greater potential profits.
- Added Excitement: It brings an extra layer of unpredictability and excitement to the betting experience.
- Increased Risk: With three potential outcomes instead of two, there’s a higher chance of losing your bet.
- Rare Outcomes: Ties are infrequent, so consistently betting on them could be a losing strategy.
4. Should You Place a 3 Way NFL Bet?
While the 3 Way Bet offers a unique opportunity, it’s crucial to research and understand the teams you’re betting on. Look into their past performances, especially instances where they’ve tied games in the past.
Remember, betting should always be a fun activity, never bet more than you can afford to lose, and always make informed decisions.