A moneyline bet is the simplest and easiest Singapore football betting market to bet for most bettors, especially beginners. This betting market is straightforward because bettors only need to predict the match winner.
Some sports, such as football, provide additional options aside from moneyline than the usual moneyline bet where people bet on two outcomes. Three-way betting is one bet similar to moneyline which allows bettors to bet for either of the teams to win or stake their money on the possibility of the match being a draw or tie. To learn more, here is a beginner’s guide of what is three-way betting and which football betting markets can it be done.
Three-Way betting
The three-way bet offers a third option of betting for a draw. These bets are very popular in sports betting, especially in football. Often called as three-way bet or match bet, most sportsbooks list it as 1×2, which stands for three betting options, specifically: 1 for home team, X for draw, and 2 for away team. To better understand how 1×2 betting works, here is an example and computation for each possible winning. The three-way betting option is popular among rookies for its simplicity because bettors only need to stake whether for home team win, draw, and away team win.
In this example from Singapore Pools, Sao Paulo is obviously the underdog.
- If the bettor stakes $100 for the underdog and it wins, the total return will be $295.
- If the bettor predicts for the away team to win staking the same amount and it wins, the total return will be $225.
- A possibility of a draw appeared. A bettor staked $100 for draw and wins, the total return will be $295.
- The goal is to accurately predict the team that will win or if the match will end in a draw. Three-way bets come in two types, namely: three-way handicap and three-way half-time betting.
Other Types of Three-way Bets
Three-Way Handicap
This three-way handicap betting market is a bit complicated compared to 1×2 bet. Handicap betsare also a famous 2-way betting market across various sports, especially in football betting. As this betting market’s name suggests, the bookmakers apply handicaps to the favourite teams to give them disadvantage and the underdog teams gain slight advantage. This handicap will make it difficult for bettors to pick a team to bet for.
3-way handicap, also known as European handicap,is a much interesting take in three-way betting.
Bettors can place a stake for the favourites given with a goal disadvantage, bet for the underdogs with a goal advantage, or put their money on a draw–an option that bettors don’t have with Asian handicap. To better understand, here is an example:
IA Akranes (Home) vs FH Hafnarfjordur (Away)
In this match, the away team is superior, so the sportsbook allotted a -1 handicap. If a bettor were to stake on the away team, they would have to win the match by at least two goals for the bettor to win. If a bettor puts money on a draw, the away team must win by one goal. If the bettor bets for the home team, given a goal advantage of +1, it must either win, end the match with a draw, or lose by one goal.
Here is another example with a +-2 handicap:
Valur (Home) vs Leiknir Reykjavik (Away)
In this match, the home team is superior, so the sportsbook allotted a -2 handicap. If a bettor were to stake on the home team, they would have to win the match by at least three goals or more for the bettor to win the bet. If a bettor puts money on a draw, the away team must win by two goals. If the bettor were to bet on the away team with a goal advantage of +1, the home team should either win, end the match with a draw, or lose by one goal.
Three-Way Half-Time Betting
Also known as First-Half bets is what its name actually suggests. This is similar to 1×2 bets, however, it only focuses on the first half of the match. Bettors are to focus only with the odds for the first half rather than the whole game.
Here is what first half 1×2 betting market looks like.
The first half columns tell the sportsbook predictions of how the match will play out for the first half. That is why it is noticeable that the odds from full time are different.
Half-time bets are great for beginners since they only need to predict the result of the first 45 minutes of the match. Half-time bets are also great for parlays, turning the profits to stake for full-time or second half bet, especially when the match is ending with a team win or draw. A chance to double or triple the profit and take advantage of how the match is turning out from the first half. To take it on perspective, let us use an event from the previous example.
In this match, the away team is the clear underdog with 100/4.15= 24% chance to win. While the home team is favoured to win with 100/2.31= 43% chance of winning. However, there is this third possible outcome of tie or draw for the first half with 100/2.34= 42.7% chance. If a bettor bets $100 for the underdog or away team, and wins, the profit will be $415. If a bettor staked the same amount for the favourite or home team and wins, the profit will be $231. And if the bettor thinks the game will be a draw and staked the same amount for draw and it win, the profit will be $234.
And of course, bettors can parlay half bets through full-time bets if they think that the match will stay draw or a team will eventually win.
Conclusion
Three-way betting is a simple and clear way of betting that is suitable for beginners and any bettors who likes the concept of being able to bet on draw especially in football betting where draw matches are not entirely rare and happens most often. Aside from three way betting itself there are also other kinds of three-way bets such as 3-way handicap, 3-way over /under and half-time bets. Each of these offers the same benefits as to three way betting. With three options to bet from, the possibility of hitting a win also increase.
Ready to Try 3-Way Betting?
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