3 Way Spread Soccer
Introduction:
Soccer 3-way moneyline betting In soccer, the standard betting option is a 3-way line, where you can bet on Home, Away or Draw. With a 3-way line, there cannot be any pushes, so if you bet on either the Home or the Away team to win, the wager will lose if the game ends in a tie.
- Jun 20, 2016 In soccer there are usually three outcomes possible in a game. A Win, Loss, or Draw are 3 different outcomes to bet on. Three Way Money Line Bet Example: A game between San Jose Earthquakes and Colorado Rapids.
- PK = DRAW NO BETSO IF ITS END UP AS DRAW, YOU LOSE NOTHING. ITS A PUSH.MONEYLINE (sometimes also known as 1x2) = 3 WAY B Learn more at Covers Forum.
- 14, 2011 - 10:51 AM ET #3 half your bet was on Chelsea -1 (meaning they had to win by 2 or more and half your bet was on Chelsea.5 (meaning Chelsea moneyline) Both lost, so you lost.
In this article, we will be explaining how to bet on soccer. We’ll explain the numerous methods to bet on soccer and the terminology commonly used. Soccer is a widely-bet sport worldwide and there are a number of different ways to bet an individual game.
Betting the 3-way Moneyline:
In soccer, there are many types of competitions with varying rules so it’s always good to be informed prior to placing a bet. In most competitions, draws may be the final result of the game, so there are 3 different outcomes to bet on between Team A and Team B:
Team A wins
Team B wins
Team A and Team B draw
Soccer bets are based on results after 90 minutes of play or, ‘Regular Time’, which includes any time added by the referee in respect of injuries and other stoppages. Any Overtime, Golden Goals or Penalty Shoot-Outs do not count towards these betting since they are not considered ‘Regular Time’. For example, in the elimination stages of the World Cup, a winner is required in the tournament in order to progress to the next stage, but all bets are settled on 90 minutes of play (Regular Time). Thus, a draw is a possible outcome to bet on even in a game where one team must be eliminated. An example of what a 3-way moneyline would look like is:
France -129
Switzerland +325
Draw +250
Betting the 2-way Moneyline without the Draw:
Another way of betting soccer is to take the 2-way moneyline, also known as “Draw, No Bet” This is betting on the outcome of the game without the Draw. The two possible wagers are:
Team A wins
Team B wins
This form of betting eliminates the option of the Draw, and will likely have inflated odds on the favorite and deflated odds on the underdog to win the match since a draw results in no bet. For example, in a World Cup match between France and Switzerland, odds on the 2-way moneyline would like look:
France -310
Switzerland +272
As you can see, there is no option to bet on the draw, and if the game ends in a draw, the bet is refunded or “No-Actioned”, and is as if the bet was never placed.
Betting Goal Lines:
Similar to betting the 2-way moneyline (without the draw), the Goal Line is a way for bettors to win a bet on multiple outcomes of the game. Goal Lines are similar to Puck Lines in hockey and Point Spreads in football or basketball. A Goal Line is typically 0.5 goals but for games with big favorites, the Goal Line may be 1,1.5, 2, 2.5, 3 and so on. A World Cup match between Argentina and Iran looks like this:
Argentina -2.5 goals (+110)
Iran +2.5 goals (-120)
If you bet Argentina -2.5 goals, then to win the bet they must win by 3 goals or more. On the other side, betting Iran +2.5 goals means to win the bet, Iran can win, draw, or lose by 1 or 2 goals.
Betting Totals:
Totals in soccer work differently than other sports and can be shown in multiples of .25 goals. Since scoring is minimal in soccer, bookmakers will often times set a Total of 2.25 or 2.75. For example, if you bet on the Over 2.25 goals, half your bet is placed on “Over 2” and the other half of the bet is placed on “Over 2.5”. If the game settles on 2, you lose half your bet (Over 2.5) and refunded the other half (Over 2). If the game settles on 3, you win both bets (Over 2 and Over 2.5).
Another example is if you bet on the Under 2.75 goals. In this example, half your bet is placed on the Under 2.5 goals and the other half is bet on the Under 3 goals. If the game lands on 3, you’d lose half your bet (Under 2.5) and refunded the other half (Under 3).
Click Here for our 2-Way No-Vig Calculator
The calculator to the left can be used to remove vig from 3-way markets such as 1X2 used in football (soccer) and sometimes hockey. In other words it can be used to handicap the market price for sports where there is the option to bet on Home, Visitor, or Draw. This calculator supports both European decimal odds and American moneyline odds. Simply enter the set of odds the bookmaker is giving you for all three betting options to see the no-vig fair market price and win probabilities.
3 Way Spread Soccer Drills
Best Use of This Calculator
For football (soccer) the betting website offering the best odds on average is www.188bet.com (for 3-way hockey markets I would suggest using www.5dimes.eu instead for what is about to be shown). However, there are certainly times where Euro bookmakers are competitive on certain matches or other Asian bookies have a difference of opinion. Let’s say you notice that 188Bet has odds for an English Premier League match as Manchester United 1.806, Newcastle United 5.20 and Draw 3.65. After shopping the odds with the usual suspects you see 188Bet’s odds are best for most options with just one exception… BetOnline is offering Draw at 3.75. You’re now curious because you realize BetOnline is a very popular “recreational” sportsbooks that is mostly known as US betting site (servicing mostly punters from the United States and therefore not EPL specialists). You also know more often than not www.188bet.com has the best odds – and that due to their high betting limits and reduced margins (less juice/bookmaker advantage) they can’t afford to offer +EV bets. So here you feel chances are pretty good 188Bet has the correct odds while BetOnline is catering to recreational punters. So this is where our tool comes in, we can use it to determine if 188bet’s odds of 1.806, 5.20 and 3.65 are correct: does draw at 3.75 have value? Entering those all into the calculator I see the no-vig price on Draw is 3.7226 and therefore 3.75 at BetOnline is higher so this is very likely a +EV bet.
How to Remove Vig
Although our betting tool does the math for you, for those interested in the specifics on how to remove vig allow me to break this down for you. The math is to first convert the odds to implied probabilities, using the formula risk/return=implied probability. As we’re dealing with decimal odds we can keep it simple and make the risk amount 1 in which case our return is the same as the odds.
To use the previous shared example the math would look like this:
- Manchester United 1.806 is 1/1.806= 0.5537 (55.37%)
- Newcastle United 5.20 is 1/5.2= 0.1923 (19.23%)
- Draw 3.65 is 1/3.65=0.2740 (27.40%)
Now understand implied probability refers to how often the selection must win in order to break even. If we were to add the implied probability of all three options we see 55.37+19.23+27.40=102.0%. The reason the total exceeds 100% is because the bookmaker has an advantage called vig. To remove this vig we simply divide all implied probabilities by the overall percent market (in this case 102%). The math for this appears below:
- Manchester United 55.37% is 55.37/102=0.5429 (54.29%)
- Newcastle United 19.23% is 19.23/102=0.1885 (18.85%)
- Draw 27.40% is 27.4/102=0.2686 (26.86%)
You’ll now see 54.29+18.85+26.86 = 100%. The vig has been removed and what we now have is our no-vig win probabilities. Our final step is to convert these back into European decimal odds. Here we can either use our website’s odds converter tool, or we can do out the math. To do the math we first change our percentage back to a decimal (example 18.85% is 0.1885) and then use the formula (1/probability=European Odds). The math for each is as follows:
- Manchester United 54.29% is 1/0.5429=1.842
- Newcastle United 18.85% is 1/0.1885=5.305
- Draw 26.86% is 1/0.2686=3.723
The above odds are the fair no-vig decimal odds. If we believe the odds we started with are accurate with vig distributed evenly all we need to do now is find any recreational betting site offering better odds than any of these figures to have a +EV (positive expected value) wager. Keep in mind www.188bet.com offers by far the best odds in the industry while you can find off market odds at recreational sportsbooks. Using our tool to remove vig from 188Bet’s odds and then shopping as many recreational betting sites as possible looking for a line to beat them, is a great way to make long term sports betting profits.
- Asian Bookies
- US Betting Sites
- UK Bookmakers
3 Way Spread Soccer Cleats
- NBA Betting
- F1 Betting Guide
- MLB Betting Guide