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3-Betting Examples\n\n To illustrate, let's assume you're playing a game of $1/$2 No-Limit Texas Hold 'em: You're on the button with an ace of hearts and a king of hearts, and other players fold up to the player at the cut-off, who raises the bet to $6. You 3-bet $18, and your opponent calls.
What is a 3-Way Bet? A 3-way bet is a bet on an event that has three possible outcomes: Team A wins, Team B wins, or a draw. The odds on a 3-way bet will always be higher than odds on a similar two-way bet considering there is an additional outcome.
In probability theory, odds provide a measure of the likelihood of a particular outcome. They are calculated as the ratio of the number of events that produce that outcome to the number that do not.
Sportsbooks typically have a head oddsmaker overseeing the odds and lines for games. This oddsmaker relies on sources such as computer algorithms, power rankings and outside consultants to set prices.
