3-Way Handicap Bet Meaning Explained With Example

Curious about what a 3-way handicap bet is? You’ve come to the right place! 

This betting type can seem a bit complex at first, but don’t worry – we’ll break it down for you.

A 3-way handicap bet is popular in sports betting and can add an interesting twist to your wagers. In this Bet442 blog post, we’ll explain how it works and provide an example to make it crystal clear. By the end, you’ll have a better understanding of this unique betting option.

What Is a 3-Way Handicap Bet?

A 3-way handicap bet is a type of sports bet where one team is given a virtual advantage, and another a virtual disadvantage. This creates three possible outcomes for the bet: a win for either team considering the handicap, or a draw.

Imagine two football teams, Team A and Team B. If Team A begins with a -1 handicap, they must win by more than one goal for you to win the bet on them. Conversely, Team B would have a +1 advantage, meaning a draw or win would count as a win for you if you bet on Team B.

If you bet on the handicap draw, Team A needs to win by exactly one goal. This balances the playing field and may make the bet more engaging.

3-way handicaps can apply to various sports, but the concept remains the same: adjusting the odds by adding or subtracting goals or points to bring more exciting options to the table.

3-Way Handicap Betting Example

Let’s dive into an example to make 3-way handicap betting clear.

Consider a football match between Team X and Team Y. The 3-way handicap options might look like this:

• Team X (-1)
• Draw (-1)
• Team Y (+1)

If you bet on Team X (-1), they must win by more than one goal for your bet to win. A 2-0 or 3-1 victory for Team X would be successful.

If you choose the Draw (-1), Team X must win by exactly one goal. A 1-0 or 2-1 scoreline in favour of Team X would be needed.

Finally, if you bet on Team Y (+1), they should either win the match or draw. Even if they lose by one goal, such as 0-1 or 2-3, the bet would also win.

These handicap adjustments may make the betting more balanced and engaging, offering different outcomes based on the virtual advantage or disadvantage given to the teams. By understanding this example, you can now better appreciate the dynamics of 3-way handicap bets.

How To Bet 3-Way Handicap

Betting on a 3-way handicap is straightforward once you understand the basics. Here’s how you can get started.

First, choose a sportsbook that offers 3-way handicap bets. You’ll see a list of sports and events where this type of bet is available.

Next, look for the handicap options. These will include a handicap for each team and the draw option. For instance, if it’s football, you might see something like Team A (-1), Draw (-1), and Team B (+1).

Decide which outcome you think is most likely. If you believe Team A will overcome the handicap and win by more than one goal, you would bet on Team A (-1). If you think Team B will win or draw, you might bet on Team B (+1). The draw option would mean Team A needs to win by exactly one goal.

After making your selection, enter the amount you wish to bet, and confirm your wager.

When the match concludes, the outcome will be adjusted based on the handicap, and this will determine if your bet is successful.

There you have it – placing a 3-way handicap bet is simple when you break it down step by step.

3-Way Handicap vs Asian Handicap

Understanding the difference between 3-way handicap and Asian handicap bets is essential for any budding sports bettor.

In a 3-way handicap bet, there are three possible outcomes: a win for either team, or a draw, adjusted by the handicap. For example, if you bet on Team A (-1), they need to win by more than one goal. If they win by exactly one goal, the draw wins. If they lose or draw, Team B (+1) wins.

Asian handicap betting, on the other hand, removes the draw option. This means you only bet on the win for either team, with the handicap adjusted accordingly. If the match ends in a draw after applying the handicap, your stake is returned. There are also half-handicaps (like +0.5 or -0.5), which means one team starts with or without a half-goal advantage, eliminating the possibility of a draw entirely.

In summary, the main difference is the draw option in 3-way handicaps, making it slightly more complex compared to the more straightforward Asian handicap, which usually offers only two outcomes. Both can add an intriguing layer to your betting strategies.

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*All values (Bet Levels, Maximum Wins etc.) mentioned in relation to these games are subject to change at any time. Game features mentioned may not be available in some jurisdictions.

**The information provided in this blog is intended for educational purposes and should not be construed as betting advice or a guarantee of success. Always gamble responsibly.