If you’re a basketball fan and like to place bets on the games, you’ve probably heard of 3-way bets. But what are they, exactly? And how do they work? In this blog post, we’ll explain everything you need to know about 3-way bets in basketball. We’ll also give you some tips on how to make money with them. So read on for all the info!
What is a three-way bet in the NBA?
This is a wager where the bettor picks two outcomes out of three possible options. The odds are set in such a way that the sportsbook will make a profit regardless of which option the bettor chooses. For example, in an NBA game between the Golden State Warriors and the Cleveland Cavaliers, a three-way bet may be offered with the following options:
- Golden State Warriors (-110);
- Cleveland Cavaliers (+120);
- Draw/Tie (+1100).
In this example, the bettor would need to wager $110 to win $100 on the Warriors, $100 to win $120 on the Cavaliers, or $100 to win $1100 on the draw/tie. A three-way bet is also sometimes referred to as a ’round robin’ bet.
The key to making some money with this type of bet is to find games where you think the outcome is uncertain. You want to find games where there is a good chance that either team could win or that the game could end in a draw.
What are the benefits of betting on basketball with a 3-way bet?
There are a few key profits that make betting on basketball with a three-way bet advantageous:
- Increased odds. This bet gives you better odds than betting on a single game.
- Multiple markets. With a 3-way bet, you can bet on the outcome of the game, the over/under and which team will win. This gives you more opportunities to make money.
- Ease of betting. A lot of sportsbooks offer a three-way bet option which makes it easier for you to place your bets.
- Excitement for the game. When you have money riding on multiple markets, it makes the game more exciting to watch.
The downside of a three-way bet in basketball is that if one team wins by a large margin, you could lose your bet. However, if you know the teams well and think that the game will be close, then this type of bet can be very profitable.
How to make a 3-way bet in basketball?
When placing a bet, there are a few things you need to keep in mind:
- Always shop around for the best odds. Different sportsbooks will offer different odds on the same games. You want to make sure that you are getting the best possible odds before you place your bet.
- Make sure you understand the risks and rewards involved. You don’t want to bet more than you can afford to lose. Think about the game and which team you think has the best chance of winning.
- Always know the point spread and how it impacts the odds of each outcome. The first thing you need to do is find a sportsbook that offers this type of bet. Once you’ve found a few options, compare the odds to make sure you’re getting the best possible deal. Then, all you need to do is choose the team you think will win, the team you think will lose, or if you think the game will end in a draw.
So if you’re looking for a way to add some excitement to your basketball betting, give them a try! Just make sure that you do your research and understand the risks involved before placing any bets. And be sure to let us know how it goes in the comments below. Thanks for reading!