what is a 3 way bet

A 3-way bet is a type of sports betting that involves three possible outcomes for an event. The three outcomes are usually Team A wins, Team B wins, or a draw. This type of bet is different from a 2-way bet, which only has two possible outcomes. Three-way betting odds offer three wagering options that focus on regulation time results only. This type of bet is commonly used in sports such as soccer and hockey. In a 3-way bet, a draw is usually a money-back or void bet.