With just two or three betting options, 2- and 3-way bets belong among the most popular
offers in the bookmakers’ 💱 sportsbooks. We are going to clarify the meaning of the two
terms and introduce several types of sports betting that 💱 can be classified under these
two types of offers.
When a type of bet allows you to make just two or 💱 three forecasts,
it is referred to as 2-way or 3-way bet. The best-known example among the football bets
is the 💱 1×2 bet: the player is asked to correctly predict the outcome of the match,
namely whether the home team or 💱 the away team will win, or whether the teams will leave
with a draw instead.
The basis for validation is the 💱 match result at the time of the
final whistle after 90 minutes including injury time. In tournaments where a winner
💱 must be determined and extra time is ordered in the case of a draw, the result within
regular playing time 💱 is nonetheless decisive for the settlement of a 1×2 pick.
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Win bet as a 2-way or 3-way 💱 bet
Additionally, there
are also sports where a draw is possible in theory, but seldom happens in reality, and
these are 💱 therefore listed in the bookmakers’ sportsbook as a 2-way win bet. This is
true for most of the American sports, 💱 such as basketball, ice hockey, baseball and
American football.
In this case, it is not the result after the end of 💱 the regular
playing time that counts, but rather the overtime (and possibly penalty shootout) or
the extra innings. A 1×2 💱 betting offer, which plays only a marginal role in the context
of basketball and many other American sports, is mostly 💱 run as an alternative betting
option with the rest of the match bets.
The 2-way win bet is also known as 💱 “moneyline”
in American sports, and is also often described as such by English bookmakers.
More
typical 2-way and 3-way bets
Apart from 💱 the undisputed betting classic, the match win
bet, that can be selected as two-way or three-way option depending on the 💱 sport, there
is a range of additional types of betting, that come under the classification of the 2-
or 3-way 💱 bet. In the following section we will introduce the most
important.
Over/Under
Over/Under bets count as 2-way bets, as the question is 💱 whether
the number of goals scored, red cards, corner kicks etc. during a match is over or
under a certain 💱 value: Will there be over (more than) or under (less than) 2.5 goals
going to be scored within the regular 💱 match time?
Handicap
Handicap bets are offered
with the aim of equalizing a difference in strength between two opponents. This is
based 💱 on the match win bet (which is a 2- or 3-way bet depending on the sports type),
however, with the 💱 handicap bet, a virtual goal advantage is given to the underdog or
negative goals might be applied to the favorite 💱 to even out performance
levels.
Screenshot: the different handicap bets offered by Interwetten for an Premier
League Match between Liverpool and 💱 Leeds United
The bet is won if the match result plus
the fictitious goals (or minus, as the case may be) 💱 results in the predicted outcome.
As an example: If the visiting team receives 1 handicap goal as a lead, then, 💱 with a
final score of 2:1, the relevant result for the settlement of bets is 2:2 (match result
2:1 + 💱 handicap 0:1).
A handicap bet on a draw would therefore be a win, while a win bet
on the home team, 💱 which in reality leaves the pitch as the winner, are settled as
lost.
Draw no bet
Draw no bet is a well-known 💱 option for football bets. Here a 1×2-bet
is reduced to a two-way bet, in that only 1 or 2 can 💱 be selected. If x (a draw) occurs,
the bet stake is returned to the punter.
Head-to-Head
Head-to-head includes all bets
that put 💱 two players (or teams) into direct comparison, which is why they are also
counted among the 2-way bets. A typical 💱 offer from the football sportsbook would be:
Which goal scorer will score more goals during the Word Cup, Cristiano Ronaldo 💱 or
Thomas Müller?
Double Chance
The double chance bet is also based on the traditional
1×2-bet, which is typical for betting on 💱 football matches which expects three possible
match outcomes. With Double Chance there are also three outcomes, but the risk the
💱 player takes is less because two of the three outcomes are covered by one
selection.
And so, one doesn’t select 1, 💱 x or 2, but 1x, x2 or 12. “1x” wins in the
case of a home win and a draw, 💱 “x2” wins when the match ends in a draw or an away win,
and “12” covers the win of the 💱 home team or the away team. The disadvantage of this
type of bet is the low odds offered.
Less as a 💱 type of bet in its own, but certainly as
a typical and always encountered offer in the football sportsbook, are 💱 so-called yes/no
betting options. These are questions which can be answered with a yes or no – for
example: Are 💱 both teams going to score a goal – yes or no?
2-way vs. 3-way bet: is one
better than the other
There 💱 are no general disadvantages that apply to the 2-way bet as
well as the 3-way bet. However, it is true 💱 that theoretically the risk of losing a bet
with 3 possible outcomes is higher than one with two (which, of 💱 course, depending on
your point of view, equates to an advantage or a disadvantage).
In theory the chances
are 50:50 vs. 💱 33:33:33.
Such an ideal-typical distribution however doesn’t really exist
in connection with sporting competitions. After all, a wide variety of factors, 💱 such as
the strength of the teams, the actual match-day form and many other things determine
the real distribution of 💱 the odds.
And then there are types of bets that deliberately
shift the chances of winning (handicap) and even increase them 💱 (double chance).
Video:
the most important tips, tricks and strategies for successful betting effectively
summarized.
Multi-way bets and opposing picks
2- and 3-way 💱 selections can be placed as
single bets. Additionally, they can be integrated into combination and system bets.
There are practically 💱 no bet types that are excluded from this possibility, so that the
punter has a lot of flexibility.
While risky types 💱 of bets, i.e. multi-way bets with
four, five or more outcomes, are not suitable for the more daring combination bet,
💱 2-way and 3-way bets are more likely to be a better recommendation here.
Opposing
selections can be placed with many betting 💱 sites. This means that, for the purposes of
the example, one can pick all outcomes (i.e. outcome 1, outcome x 💱 and outcome 2) for a
certain match – naturally not in the form of a multi-way bet – that wouldn’t 💱 make sense
– but as single bets.
In our opinion, this makes the most sense when a loss threatens,
for example, 💱 on a pre-match bet, and the intention is to hedge it with a live bet.
All
types of betting markets explained
