3 Way Handicap Betting | Explained with Examples
Step into the world of odds, where betting companies showcase their creativity. Among their many intriguing markets, one stands out for its popularity – the 3-way handicap. In this article, we will delve into this fascinating market, shine a spotlight on the top betting sites without ID that offer it, and equip you with a comprehensive guide on how to maximize your betting experience.
Top 3 Betting Sites With 3-Way Handicap
1. Bet365
Bet365, a legendary betting company founded in 2000 in Stoke-on-Trent, England, offers a top-class betting experience. Their self-developed sportsbook boasts competitive odds on various sports, including ice hockey, basketball, American football, baseball, soccer, and more.
New customers are welcomed with a generous bonus that can be used on any sports and markets. Bet365 is a haven for high-quality handicap betting, offering 3-way handicaps on various sports. Moreover, they provide features like Bet Builder, Cash Out, and free live streaming, enhancing your betting journey. It is one of the top fast-paying betting sites.
2. LeoVegas
LeoVegas is a Swedish betting company founded in 2011 and owned by MGM Resorts International. The site specializes in mobile betting, but you can also play from a computer. As a new player at LeoVegas, you can receive C$50 in free bets if you deposit and place a C$25 bet on any sport and market. The only real downside to Leovegas betting si that there is no crypto betting available as in many Ethereum betting sites.
As an active customer, you can enjoy several exciting promotions. You can use great features like Bet Builder and Cash Out on thousands of pre-game and live betting markets with competitive odds here. Of course, they have an excellent selection for handicap markets, specifically 3-way handicap. Additionally, you can bet on matches and watch several simultaneously via HD live streaming.
3. Unibet
Unibet is a multi-award-winning online betting company founded in 1997 in London, UK. If you have never played here, you can register for a 100% odds bonus up to C$50 and receive an additional C$10 free bet the day after your deposit.
Unibet is an excellent choice for those looking for markets like 3-way handicap on sports such as football, ice hockey, and basketball, with hundreds of other markets. Unibet offers generous odds, both pre-match and live, and features live streaming for several popular leagues and tournaments, odds boosts, Cash Out, and Bet Builder.
Handicap Betting – What Is It?
Handicap betting is one of the most popular betting markets, commonly used when two pretty uneven teams face each other. This type of odds makes the matches more balanced by giving one of the teams a virtual “advantage” or “disadvantage” – a handicap.
When you bet on a handicap, one team will “start” the match with fewer or more goals or points, which makes the potential outcome much more even. There are different variations within handicap betting, such as traditional handicap (spread), Asian handicap, and 3-way handicap. Most sportsbooks offer handicap betting for football, American football, baseball, basketball, ice hockey, and tennis.
How 3-Way Handicap Works
Three-way handicap betting is a popular form of sports betting that introduces a virtual advantage or disadvantage to one of the teams, making the betting options more diverse and exciting. Unlike traditional or Asian handicaps, the three-way handicap offers three possible outcomes: a win for the home team, a draw or an away win. This differs from traditional handicap betting, which only has two outcomes- a home win or an away win.
Let’s look at an example of a football match between Manchester City and Chelsea. A win for Manchester City gives 1.30 odds, a draw gives 6.00 odds, and a win for Chelsea gives 7.50 odds. Since Manchester City is a firm favorite, a 3-way handicap might be wise to use in this match.
If you think Manchester City will win the game by more than one goal, you can, for example, bet on Manchester City to win the match starting with a -1 goal handicap at odds of 1.50. If you think Chelsea will perform better than the bookies predict, you can bet on them to win the match, starting with a +1 goal handicap at 2.70 odds. This means you win the bet if the game ends in a draw or Chelsea wins. Another example is to bet on the match ending in a draw if Manchester City starts with a -1 goal handicap at 4.00 odds. In this case, Manchester City needs to win the game by exactly one goal for you to win your bet.
Pros and Cons – Handicap Betting
Handicaps make betting more exciting and offer better odds, but it also introduces complexities that can be challenging for bettors. Here are some pros and cons of handicap betting.
Pros
- It creates more balanced odds between uneven teams
- Adds extra excitement to one-sided matches
- It is possible to find better odds value on the outcomes
- Potential for higher payouts
- You can still win your bet even if your team loses the game
Cons
- It could be difficult for beginners to understand
- Not all sports offer handicap betting
How to Place a 3-Way Handicap Bet
If you have understood how 3-way handicap works, it is straightforward to place your first bet. Below is a quick guide to how you can do it.
Place a 3-way handicap bet:
- Find a betting site and a potential welcome bonus
- Create an account and make your first deposit
- Visit the sportsbook and find a match you want to bet on
- Look up the 3-way handicap markets
- Select the outcome you want to bet on and enter your stake
- Place your bet, cross your fingers and enjoy the game!
Summary – 3-Way Handicap Betting
Three-way handicap betting adds an exciting layer of complexity to sports betting, making betting on a broader range of outcomes possible. By understanding how the handicap affects the final score, bettors can make more informed decisions and potentially increase their chances of winning. We hope our guide to 3-way handicap betting has been helpful, and we wish you the best of luck with your upcoming bets! If you’re a big player, check out our VIP casino article so that you can place higher bets.
