The Sports Betting CanadianA 3-way bet (often referred to as a 1×2 bet) is a type of sports bet for games with 3 potential outcomes.  These outcomes are generally win, lose or draw.  Or put another way: team 1, draw or team 2 (hence the bet often being referred to as “1×2”).

It’s a popular bet in soccer because of the frequency of games ending in draws, but the 3-way bet is also often seen in hockey as a regulation time bet.  Many betting sites actually use the name “regulation time bet” for their 3-way hockey bets, so that’s just another name to keep an eye out for.

Sport Betting Canadian Hockey MascotQuick tip: Bet the regulation line in the NHL to get better odds when you’re confident the team will win within 60 minutes.

3-Way Betting Example

Here’s an example of a 3-way NHL bet from SportsInteraction.com:

NHL 3-Way

The sportsbook indicates that the bet does not include overtime or penalty shootouts.  This means that if the game heads to overtime the correct outcome would be a draw.

As you can see this 3-way bet is the exact same as a typical moneyline bet, except that there are 3 possible outcomes rather than the typical two you see with NHL games.

1×2 Betting Example

Here a soccer example from Bet365.com.  I wanted to show you that even though the bet is labelled 1×2 it means the exact same thing as the “regulation time” or “3-way” bet we saw above.

1x2 Bet365

In this example there are once again three outcomes:

(1) Arsenal 5.00
(x) Draw 4.00
(2) Barcelona 1.61

As you can see Barcelona is a big favourite to win this game.

3-Way Betting Sports

As I mentioned at the top, 3-way bets can be found for any sport that has three possible outcomes (home win, draw, road win).  3-way bets are the most common form of soccer bet, while for other sports such as hockey or rugby you may have to dig deeper into the sportsbook to find their 3-way betting lines.

3-Way Betting Video