What is Three-Way Betting (1X2)?

Three-way betting, usually shown as the 1X2 market, offers three possible outcomes on a match: home win, draw, or away win. It is the standard football market across most of Europe and differs from the two-way moneyline used in sports where ties are rare or removed by overtime. Because the draw is a separate selection, backing a team on the 1X2 market means a drawn game loses, unlike double chance or draw no bet, where the tie is covered or refunded. The prices on all three outcomes together contain the bookmaker's margin, so their implied probabilities always add up to more than 100%. Three-way lines also appear on totals and handicaps in some sports, where the exact figure becomes its own outcome instead of a push.