Gone are the days when one would simply place a wager on who will win a game or a match. With the evolution of betting, and especially after the introduction of online betting, the number of betting markets, and the type of bets that you can place on basketball games have increased considerably. A recent addition to this is three-way bets that are available at all major bookmakers like Betwinner. What is 3 way betting in basketball?
It is not very complicated at all.
What is 3 way betting in basketball?
3-way betting is very popular in soccer and hockey and has now even caught the fancy of basketball punters. While traditionally, bookies would allow punters to place bets on only `win´ or `lose´, it is now possible to bet on a third outcome too, which is a `tie´ or a `draw´.
Three-way betting markets are usually offered only during the regular game time, and do not include any extra time points.
With the addition of a third outcome, it becomes more difficult for the punter to get their bet right, as there are now 3 possible outcomes instead of 2, and there are two in three chances that the punter will get it wrong. This pushes the value of each bet higher, allowing the punters to get more returns when compared to what they would get had they placed the same amount of money in a traditional two-way bet.
What is 3 way betting in basketball? While the returns are definitely higher, the flipside for the punter is that with the addition of one more outcome, they have a higher chance of going wrong, and can end up losing money more often.
Most online sportsbooks do give them a choice on whether they would like to bet on a 3-way market or a 2-way market. If you are a new entrant, you are probably better off betting on the 2-way markets to minimize the risk of a loss.