In sports betting, a two-way bet is a bet in any online sports betting market that only has two potential outcomes.
Consider a college football moneyline market, where either the favorite or underdog will win. There are no other possible outcomes.
Two-way bets are fundamentally different from three-way bets, where there are three potential outcomes. Three-way bets are prevalent in soccer betting, where the most common markets offer Side A, Side B, or a draw option.
Example of a Two-Way Bet
There are plenty of examples of two-way bets in American sports betting. In the NBA, for instance, you may take either side of a game in the spread, total, or moneyline markets. All three are examples of two-way bets because there are only two possible market outcomes.
College football and college basketball rely on two-way bets because ties are not possible in side-based markets.
NFL odds are largely bet as a two-way market, though there are technically three-way markets available for those who want to bet on ties.
In short, any potential bet where there are only two possible market outcomes is a two-way bet.
Related Articles
Parlays at BetMGM
BetMGM is the premier online sportsbook for parlays.
With thousands of events available throughout the year, you can build parlays from a variety of odds across dozens of sports. Whether you love betting on NFL moneylines, NBA spreads, MLB player props, or anything else, there are opportunities for everyone.
If you don’t have an account, register today with BetMGM’s welcome offer. Once you have an account, check for daily sports betting promos.
