There are diverse types of bets in the market. Some of them are exclusive to certain sports, but there are always bets available for most sports events and are common.
This time, we’ll talk about the 2-way moneyline and the 3-way moneyline. If you’re interested in betting in soccer, we highly recommend you to get familiar with these terms as it may help you earn some big profits compared to other beginners.
While other sports tend to have only the 2-way moneyline available because draws are highly unlikely to happen (like in the MLB) or are straightforwardly impossible (like it happens in the NFL), when it comes to soccer, draws are fairly common and it is often offered as one of the three main options in that particular market.
Today, we’ll describe the main differences between 2-way and 3-way bets and which one can be more beneficial for you depending on the context.
The first category is perhaps the most common, the 3-way moneyline. If you choose this type of bet, then you would be betting on the three potential outcomes of a particular sports event:
Most soccer betting lines include these three options – most sportsbooks have it as the default choice. However, that doesn’t mean it is the only selection available – you also have the option of exploring the two-way moneyline.
ON the other hand, we have two-way moneylines. This betting line only will grant you two potential outcomes, which would be the victory of either Team A or Team B. Hence, draws are not present in two-way moneylines or perhaps you could bet for the “double chance.”
These two types of two-way moneyline are explained further below.
We have a whole post dedicated to DNB – but essentially, they are low-risk bets that do not take into account the draw for your loss or win. Hence, if the final result of the match is a draw, your bet will be refunded. On the other hand, if the team loses, you will also lose your money.
Draw No Bet options can be a good choice for betting if you still want to bet in a particular event but think there is too much risk. While the odds will be reduced greatly and your profits will be diminished, it is possible to place multiple bets using the same option to increase your profits considerably.
The second type of two-way moneylines is known as “double chance.” Here, you’ll be betting for a particular team to win or draw. You can also choose for either team to win. Again, the odds can vary from a sportsbook to another. Still, generally speaking, you will have a greater chance of cashing out your bet.
Both of these bet types are fairly common in soccer since draws are more usual in these events. Since the Qatar World Cup 2022 is closer than ever, it may be a great time to practice these bets and see how much you can bet on the upcoming matches.
Three-way moneylines and two-way moneylines are quite different from each other. Learning the differences between each option can help you make the right decisions for your bets during specific situations, as both of them can be beneficial in different instances.
As we’ve mentioned, the Qatar World Cup 2022 will begin later this year. Hence, being familiar with these types of bets can help you build a good strategy for when the actual tournament starts. Happy betting!
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