Ever wondered what a moneyline bet including tie or 3-way bet on DraftKings is? You’re not alone! It’s a common question among bettors, both seasoned and newbies.
A moneyline bet is straightforward – you’re simply picking the winner of a game. But what happens when there’s a tie? Or when there are three possible outcomes instead of two? That’s where the 3-way bet comes into play.
Understanding these betting concepts can take your DraftKings experience to a whole new level. So, let’s dive in and demystify these terms for you.
Moneyline Bet
Now that you’re up to speed on the DraftKings platform, let’s delve into the specifics of a moneyline bet. This is the most basic bet you can place. When you’re looking at the potential bets on DraftKings, the moneyline will be your most straightforward option. It involves staking your money on one specific outcome: that a particular team will win the game.
You see a matchup between the New York Giants and the Chicago Bears, for example. You choose to stake your money on the Giants. If the Giants win, you win your bet. Simple, isn’t it? But, what about the odds?
DraftKings will provide the odds for each team in the moneyline format. This basically states how much money you stand to win based on the amount you wager. If the odds on the Giants are -130, you need to wager $130 to win $100. Alternatively, if the odds on the Bears are +120, a successful $100 bet will yield $120.
Yet, the world of sports isn’t always neatly divided into winners and losers. There often lies a third potential outcome, one that you as a bettor must always be aware of – a tie. This is where the concept of a 3-way bet, including a tie, comes into play. But we’ll get to the specifics in the next section.
Moneyline Bet Including Tie
The scenario of a “tie” or a “draw” introduces a whole new wrinkle into your sports betting strategy on DraftKings, especially in the realm of moneyline betting. Understanding the option for a tie in your moneyline bet can significantly shape your betting decisions, whether you’re rooting for an underdog or backing a favorite.
In most cases, a standard moneyline bet involves picking one of two teams to win. However, sports like soccer or hockey that more commonly end in draws include an additional option for betting—a tie. This type of bet, known as a “3-way moneyline” or “moneyline including a tie”, offers you three potential outcomes to bet on: Team A wins, Team B wins, or a tie.
So, how does it work?
- First, log on to your DraftKings account.
- Browse through the available sports events and select a game where a 3-way moneyline is offered.
- You’ll notice three options for the moneyline bet: Team A (home team), Team B (away team), and a tie. The DraftKings platform presents these options clearly to make your betting process smooth and efficient.
When you bet using a 3-way moneyline, you’re essentially wagering on the outcome of the game after regulation time (before overtime or penalties). The odds for each potential outcome are separately calculated, with draws typically going at higher odds because of their lower probability.
For instance, let’s consider a hypothetical soccer match bet between FC Dallas and LA Galaxy in the Major League Soccer (MLS), played on a certain date. The DraftKings odds might look like this:
| FC Dallas (Win) | Draw | LA Galaxy (Win) | |
|---|---|---|---|
| Odds | +150 | +230 | +180 |
This means that a successful $100 bet would return $150 if FC Dallas wins, $230 if it’s a tie, and $180 if LA Galaxy wins. Your potential profit fluctuates depending on the outcome picked.
As you dive deeper into DraftKings’ sports betting, it’s critical to grasp such nuances. In the next section, we’ll explore more complex types of bets, expanding your repertoire beyond simple win-or-lose decisions.
3-Way Bet Explanation
When you delve deeper into sports betting on DraftKings, you’ll encounter various betting possibilities. One such betting strategy is a 3-way bet or what’s often referred to as a moneyline bet including tie. But what exactly is this, and how does it work on DraftKings?
Traditionally, a standard moneyline bet involves only two outcomes: Team A wins, or Team B wins. In contrast, a 3-way bet opens up an additional betting option. Now, you’re not just wagering on Team A or Team B. You also have the opportunity to bet on the possibility of the match ending in a tie. It’s important to realize that this third option, a draw, is factored separately into the betting odds.
To illustrate this concept, let’s take a hypothetical soccer match between FC Dallas and LA Galaxy.
| Betting Option | Odds |
|---|---|
| FC Dallas Win | +140 |
| LA Galaxy Win | +200 |
| Draw/Tie | +220 |
So, if you choose to place a 3-way bet for this match, you’ll have these three alternatives to consider. Each betting option is accompanied by separate odds that will determine your potential returns. The higher the odds, the higher potential returns for a winning bet. The drawback, however, is that higher odds pose a greater risk.
Remember, to make an informed bet, you need to stay updated with all team results, player statuses, and other related statistics. Because, in sports betting, the more data you can base your decision on, the better your chances will be to predict the outcome accurately.
Mastering the 3-way bet is essential when navigating more complex betting options on DraftKings. After understanding the risks involved and the potential rewards, you’ll be equipped with another tool to strategize and, hopefully, increase your chances in the competitive world of sports betting. Now, imagine the thrill of correctly predicting a draw in a high-stakes game. Doesn’t that sound exciting?
Advantages of 3-Way Bet
By now, you’ve garnered a solid understanding of the 3-way bet’s workings or a moneyline including a tie on DraftKings. But why favor this method? Let’s delve into the advantages to shed some light on why it’s an appealing option for sports betting enthusiasts.
Additional Betting Option
One of the main advantages of the 3-way bet is the added betting option. You aren’t just confined to betting on Team A winning or Team B winning. You now have the tie as an extra option. This brings a whole new layer of excitement and strategy to your betting game as you’re considering three potential match outcomes.
Improved Odds
With a traditional moneyline bet, odds are divided among two possible outcomes: win or lose. But when it comes to 3-way bets, odds split among three potential outcomes: Team A wins, Team B wins, or a tie occurs. Simply put, you’re looking at the potential for improved odds with the inclusion of the tie option.
Enhanced Strategy
Finally, introducing the 3-way bet into your strategy allows for a much more nuanced approach to sports betting. You’ll be forced to examine team stats, past performances and even weather conditions more closely. It’s going to really test your knowledge and understanding of the sport and its players. It’s all about leveraging player data, historical performance, and that’s where your winning advantage lies.
To put it in perspective, let’s use the 3-way bet odds for a hypothetical NBA game as an example:
| Team A | Team B | Tie | |
|---|---|---|---|
| Odds | +120 | +300 | +250 |
With a 3-way bet in place, you have several betting combinations at your disposal apart from just a straight win for Team A or Team B. It’s this strategic flexibility offered by the 3-way bet that makes it a favored tool for many seasoned sports betting enthusiasts.
Remember, variety is not just the spice of life, but it’s also key in the realm of sports betting. A 3-way bet provides this variety, and it’s up to you to make the most of it.
Conclusion
So, you’ve discovered the ins and outs of the 3-way bet, or moneyline with a tie, on DraftKings. It’s clear that this type of bet amplifies the thrill of sports betting, with three possible outcomes instead of two. It’s not just about adding another layer of excitement though. The 3-way bet also enhances your strategic options, nudging you to delve deeper into team stats and history. Plus, the improved odds compared to a regular moneyline bet can’t be ignored. All these factors make the 3-way bet a potent tool in your sports betting arsenal. Whether you’re a seasoned pro or a newbie, it’s worth exploring this bet to maximize your potential rewards on DraftKings.