Three Bet
A 6-WAY boxed bet consists of 3 different numbers and six possible winning combinations (1, 2, 3) A 3-WAY boxed bet has 2 numbers the same, with three possible winning combinations (1, 2, 1) BACK-UP. Best Betting Picks - NFL, NCAA, NBA, NHL, MLB, Soccer and More #1. Bonus: 50% up to $250. Bonus: 50% up to $1000. Bonus: 50% up to $1000. There are many ways to bet sports. If you can think of anything to bet.
- A re-raise in a game of poker, whether limit or big bet poker.
Why We Say 'Three-Bet'
A three-bet is simply a re-raise (although an initial raise is never referred to as a 'two-bet'). Why do poker players use this terminology?
a) It helps when describing hand dynamics more accurately, in an instance where you might be discussing, say, 'four-betting dynamics.'
b) It sounds cooler.
Expanded
Generally, there are two reasons for a three-bet, to extract value or to resteal and make your opponent fold. In either case, the most important factor in determining when and how to execute a three-bet is stack size. If you have 25 BBs or less, any three-bet should be all-in. If your stack is bigger than 25 BBs, you have a variety of options to consider when three-betting.
In addition to stack size, remaining consistent with your bet sizes is another key component of effective three-betting. For example, three-betting small when you're looking for value and big when you're hoping for a fold is a common and leaky tendency that you want to avoid.
Example - Three-Betting for Value (The Go-and-Go)
Let's say you're 33 big blinds deep and get AdQd in the BB. It's folded around to the button who makes a standard 3x raise, and you decide to three-bet. But how much? Once you three-bet in this spot, you are essentially pot-committed and should
Example - Resteal Three-Betting
Restealing All-in: Typically, you should be making all-in resteals with 12-24 BBs. Any less than 12 BBs and you likely don't have much fold-equity and any more than 24 BBs and you risk being called a spewtard. Good hands to resteal all-in with include suited connectors and low paint cards. For example, let's say you're in the big-blind with 18 BBs and get dealt Jh-Th. It's folded around to the button who opens for 2.5x. This is a perfect spot to resteal three-bet all-in.
Restealing with Chips Behind: In most cases, you want to have over 35-40 BBs before attempting a three-bet in which you intend to fold to four-bet. For example, let's say you're on the button with 40 BBs and get dealt Th-9h. It folds to the cut-off who opens to 3x the big-blind. Obviously, you hope to take the pot down preflop, but you are clearly folding to a shove and/or playing accordingly based on your opponents action.
Point spread betting is the most popular form of sports betting. The vast majority of sports wagers use a point spread thanks to the popularity of football and basketball. Even though this type of betting is so popular, it may take awhile to understand.
The point spread is sometimes known as an equalizer for sportsbook operators. All teams aren’t created equally, so sportsbooks can create a point spread for a game so that each team playing has an almost even chance of winning the game. In a way, the point spread will even the field for both teams.
The point spread gives a reason for bettors to risk money on both teams. The better team playing in the game is considered favorite. They have to win by the point spread offered by the sportsbook. The favorite in a game is listed as being minus (-) the point spread.
The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread. The underdog in a game is listed as being plus (+) the point spread.
Let’s use this past Super Bowl between the Tampa Bay Buccaneers and Kansas City Chiefs as an example.
Using this example, the Chiefs were 3-point favorites over the Buccaneers. The Chiefs needed to win by 4 or more points to cover the spread.
Likewise, the Buccaneers were 3-point underdogs. That means the Buccaneers needed to win the game outright or not lose the contest by 4 points or more. At Chiefs -3, if they won by exactly 3 points, the betting result would have been a “push” and bettors for both sides would have gotten their wagers refunded.
The Buccaneers pulled off the upset, winning by a score of 31-9, and rewarded bettors who backed them at +3.
Point spread betting odds
Point spreads are usually set with -110 odds, but pricing often fluctuates at online sportsbooks. This is the sportsbook operators’ house edge. The odds guarantee the sportsbook operator will see a little money over time. When the odds are set at -110, the bettor must wager $110 to win $100 (or $11 to win $10).
The odds on a point spread are most commonly known as the vigorish or “vig” for the sportsbook. You might hear this small profit margin for the sportsbook called the “juice” by some sports bettors.
Point spread FAQs
What does ‘pick em’ or ‘pick’ mean in NFL betting?
A “pick em” (sometimes seen as “pick”) is when the teams have a point spread of zero, meaning neither team is favored. In this instance, you’re essentially picking moneyline and your bet will be determined on the winner alone.
What does -7 and +7 mean in NFL betting?
A spread of minus-seven (-7) means that a is favored to win the game by a touchdown (technically, a touchdown and the extra point). A team favored by -7 must win the game by eight or more points to win the bet. If the team wins by seven, the result is a “push” and the bet is refunded.
A spread of +7 means the team must win the game or lose by fewer than seven points to win the bet. A loss by seven would result in a push.
What does -3 and +3 mean in NFL betting?
A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager.
A spread of +3 means the team listed as the underdog must win the game or lose by fewer than three points to cash the bet. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded.
Why are point spreads in the NFL so much lower than in college?
In 2019, the Baltimore Ravens led the NFL in point differential per game at +13.7 points; the Miami Dolphins ranked last in the NFL in point differential per game at -11.7. Even Kansas City– known for their explosive offense– had an average point differential in 2019 of just 9.7 points. The net point differential in the NFL is -14.1, or -0.9 points per game. Basically, the talent differential in the NFL is so minute that even mismatched teams often draw games within a score of each other.
NFL spreads are most commonly between one point and four, with six being a heavy favorite and extremes coming out around 15-20 point favors. (For those wondering, the 1941 Chicago Bears hold the NFL record of point differential at +15.7 points per game. Conversely, Ohio State had a +33.1 average point differential in 2019.)
Three Betta Fish Tank
Point spread and odds movement
Sportsbook operators often aim to have equal money on both sides of a point spread. When the money is exactly split the sportsbook operator will see the exact vigorish as their profit margin. If all things are equal over time this will maximize how much money the sportsbook operator can make.
In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren’t betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since the final score margin falls on these two numbers most often.
For example, if a lot more money is wagered on the New England Patriots -3, the vig may shift from -112 to -115 and -120 before the line moves to -3.5.
Run and puck lines
Three Bet Meme
Football and basketball games are mostly bet using a point spread. The less popular major sports, baseball and hockey, are mostly bet using a moneyline. In an effort to make baseball and hockey more appealing to point spread bettors, the sportsbook operators offer run and puck lines, respectively.
Three Bet
These alternative lines give point spread bettors a chance to wager on other sports using a more familiar method of betting. Since points (runs and goals) aren’t as easy to come by in baseball and hockey, the odds with the lines may have a wider spread than a football or basketball game.