What Is 3-Way Moneyline Betting?

If you’re a complete beginner to Massachusetts sports betting, chances are you’ve come across the term “moneyline” and may have even placed a bet using this type of wager.

This is a simple bet where you are required to pick the winning team in a specific game. For instance, if you place a bet on the New England Patriots defeating the Miami Dolphins and they emerge victorious, you will win your bet. It’s as straightforward as that.

However, certain sports go beyond this binary choice by introducing the potential for a tie as a third alternative.

These 3-way moneylines can be found in soccer, hockey, and various other sports.

In this page, you will find additional details concerning 3-way moneylines, allowing you to explore betting options in Massachusetts. If you are interested in discovering Massachusetts sportsbook promotions and enhancing your wagers on 3-way moneylines, DraftKings, BetMGM, Caesars, and WynnBET present excellent promotional offers that you can avail yourself of.

What are 3-way moneyline bets?

In a standard moneyline bet, you are required to predict the winning side of the game. Conversely, a three-way moneyline bet prompts you to select either one of the two sides as the victor or predict if the game will result in a tie or draw.

In sports without ties, such as college basketball or the NBA, you typically choose between Team A and Team B as the potential winners. However, in sports like soccer where ties are possible, you have the option to select Team A, Team B, or a tie, which is often referred to as a draw by sportsbooks.

In the United States, soccer is commonly regarded as the primary sport where matches often conclude in ties. Despite the absence of tie outcomes in certain sports and leagues such as MLB and the NHL, numerous sportsbooks enable betting on the final result after regular game duration.

Once more, you have three options to place your bet: Team A’s victory, Team B’s victory, or a draw in the game.

What is a 3-way moneyline bet in football?

In NFL betting, it is worth mentioning that preseason and regular season games have the potential to conclude in ties after the overtime period. Yet, it should be noted that NFL playoff games do not have the possibility of ending in ties, resulting in slightly different overtime rules during the postseason.

Since the start of the 2017 NFL season, the league made a change to overtime rules by reducing the duration from 15 minutes to 10 minutes for both preseason and regular season games. The intention behind this modification was to minimize injuries. Throughout this period, spanning from 2017 to the present, only a total of seven games have resulted in a tie after the conclusion of overtime, adhering to the current regulations.

If you choose to place a bet on a draw in both the preseason and regular season, you can consider a three-way moneyline bet as an option, commonly available at most sportsbooks. For instance, if you’re betting on the New England Patriots, here’s an example.

• New England Patriots -450
• Draw +6500
• Green Bay Packers +380

The Patriots are clearly favored with -450 moneyline odds, indicating that a $450 wager could yield a $100 profit in the event of a New England victory.

If Green Bay wins, betting $100 on the Packers as the underdog with +380 odds can earn you a profit of $380.

Lastly, in the event of a tie during a preseason or regular season game, a draw, with odds listed at +6500, has the potential to yield a profit of $6,500 for a $100 bet.

While the potential payout for a draw in NFL preseason and regular season games can be enormous, the likelihood of it occurring is extremely low. Consequently, three-way football moneylines are not as advantageous as those in sports such as soccer and hockey.

What is a 3-way moneyline bet in soccer?

The rules pertaining to soccer games may differ among different sportsbooks, but typically the outcome is determined after the full duration of the match. Full-time in soccer refers to the complete 90 minutes of play, along with any added time for stoppages, injuries, or other factors. Only after this entire period has elapsed, the result of the game will be either a victory for one team or a draw.

If you choose to place a bet on a three-way soccer moneyline at BetMGM Massachusetts, your selected team must win the game without any ties in order for your bet to be successful. On the other hand, if you decide to bet on a draw, that will be the outcome you’ll be hoping for.

This is an illustration of a possible three-way moneyline:

• Chelsea +125
• Draw +225
• Arsenal +240

The odds are presented in a familiar format, resembling that of a typical moneyline. For instance, if Arsenal emerges as the victor in the mentioned game, a $100 bet with +240 odds would result in a $240 profit. Naturally, you have the flexibility to place wagers of any amount, and the payouts will correspond to the +240 odds.

In certain scenarios, soccer matches may not result in draws, particularly in certain tournaments. In such cases, a three-way moneyline option may still be available. However, this type of bet will only consider the outcome at the end of the regular playing time and will not factor in any additional time or shootouts.

If you had chosen Arsenal to win in that scenario, the game ended in a tie at the end of regular time, but Arsenal eventually emerged victorious in the shootout. However, if your bet was based on the outcome at the end of regulation, you would have lost since Arsenal only won in the shootout.

What is a 3-way moneyline bet in hockey?

Even if a sport never ends a game in a tie, several sportsbooks might still permit you to place bets on the end result at the conclusion of regulation. This option typically enables you to wager on the potential occurrence of a draw.

Starting in the 2005-06 season, the NHL introduced a rule where overtime shootouts determine the winner of a game. Consequently, one of the teams will always emerge victorious. Nevertheless, numerous bookmakers allow betting on the outcome of regulation play, which lasts for 60 minutes. These types of bets are referred to as three-way moneylines.

If you are placing a bet on the Boston Bruins in an NHL game, this is how a two-way traditional moneyline bet could appear.

• Boston Bruins -200
• New York Rangers +170

Now, consider adding the possibility of a tie in a 60-minute moneyline bet.

• Boston Bruins -125
• Draw +310
• New York Rangers +130

Despite the altered odds, the Bruins remain the top contenders to win the game. It is evident that including a tie as a potential outcome affects the odds for both teams, even though the oddsmaker considers a draw as the least probable result.

The outcome of this three-way bet is not influenced by the final result of the game. Whether the game goes into overtime or shootouts is irrelevant, as the bet will be concluded at the end of the three regulation periods.

The three-way moneyline bet in hockey offers greater potential for a bigger payout, which might grab your attention and tempt you to place a wager on this option. However, it is important to carefully review the terms and conditions of your sportsbook to understand how it determines outcomes.

What is a 3-way moneyline bet in baseball?

Baseball, unlike many other sports, does not have ties. In fact, a Major League Baseball game could potentially last for 24 innings until a team emerges victorious.

Similar to hockey, a 3-way moneyline bet in baseball pertains to the outcome following nine innings, excluding any additional innings.

If you are placing a bet on the Boston Red Sox, these are the possible odds for a 3-way moneyline wager:

• Boston Red Sox -200
• Tie +400
• New York Yankees +180

What is a 3-way moneyline bet in basketball?

Similar to hockey and baseball, basketball games, whether in the NBA, WNBA, or college, cannot end in a tie. In the event of a tie at the end of regulation, the game proceeds to overtime.

The NBA has a total of 48 minutes of regulation time, along with 5 minutes of overtime. Similarly, the WNBA and men’s and women’s college basketball games consist of 40 minutes of regulation time and 5 minutes of overtime.

If you are considering placing a bet on the Boston Celtics, here is what you should expect when considering a 3-way moneyline bet.

• Boston Celtics -500
• Tie +750
• Oklahoma City Thunder +450

Other sports with 3-way moneyline bets

Ties can also occur in other sports, albeit infrequently. However, they are much more uncommon compared to soccer.

Due to the rarity of such outcomes in other sports, such as the NFL, sportsbooks usually find it unprofitable to provide Massachusetts betting odds for ties, whether it be overall or at the conclusion of regulation.

What happens if you bet and it’s a tie in other sports?

That results in a tie, causing the sportsbook to refund your wager.

All bets on either team to win will be returned and deemed void by the book since there was no winner. Additional reasons for pushes can be found in the terms and conditions of a sportsbook.