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Whereas a typical moneyline bet involves a bet on one of two options, three-way moneyline betting involves three options. When wagering on a three-way moneyline, you can bet either Team A to win, Team B to win, or for the event to end in a tie (sometimes referred to as a 'draw').

A 3-way bet is a bet on an event that has three possible outcomes: Team A wins, Team B wins, or a draw. The odds on a 3-way bet will always be higher than odds on a similar two-way bet considering there is an additional outcome. Therefore, when one places a 3-way bet there is only one way to win and two ways to lose.

Casino Is Inspired By The Life Of Frank Lefty  Rosenthal\n\n Like De Niro's character, Frank Rosenthal was a professional sports gambler, a casino executive in Las Vegas, and an organized crime associate. Rosenthal learned sports betting as a youth, and by the mid-1950s, he was working with the Chicago Outfit.

In this traditional view, money is a gambler's primary motivation, and randomness in games allows the gambler to hope that the gains will overcome the losses.