A three-way moneyline is a type of sports betting that allows bettors to choose which of two teams will win a game or if they think the matchup will end in a tie. It is also known as a 1X2 wager. In traditional moneyline betting, you can only bet on one of two options, the home team to win or the away team to win. However, in three-way moneyline betting, there are three options: team A to win, team B to win, or a tie. This type of betting is common in sports where ties are common, such as soccer, hockey, and football. The odds for each option will vary depending on which outcome is most likely to occur. If you bet on the tie option and the match ends in a tie, you win the bet.