- The three-way moneyline is a type of bet for an NHL hockey game.
- It has three different outcomes, win (either team) or tie.
- The three-way moneyline gets settled at the end of regulation.
There are a lot of different ways to bet on a game of NHL hockey.
Although hockey is known as a moneyline sport, there are other avenues for bettors to explore. They can bet on the total goals scored, the puck line, or the three-way moneyline.
Sometimes referred to as the “60-minute line,” the three-way moneyline has three different outcomes: either Team A wins in regulation, Team B wins in regulation, or the game is tied at the end of the third period. The “draw” would be the winning bet in the latter case.
Find out more about how to read hockey betting lines below.
What Is a Three-Way Moneyline Bet in Hockey?
The three-way moneyline is a hockey bet with three different outcomes and is always settled at the end of regulation.
Also known as the “60-minute line,” the three-way moneyline gives the bettor three options. They can bet the home team, the away team, or the draw.
If you bet either team on the three-way moneyline, they have to win the game in regulation. If the contest goes beyond regulation (hence, the term “60-minute line”), the draw is the winning bet.
Just over 20% of games went to overtime in the 2023-24 season, which is why the three-way moneyline is a popular form of NHL betting.
What’s the Difference Between a Moneyline and Three-Way Moneyline?
The difference between the moneyline and the three-way moneyline is that the latter always settles at the end of regulation, while the former includes overtime, if necessary.
For example, let’s say you bet the Toronto Maple Leafs to beat the Edmonton Oilers on the three-way moneyline, and Toronto wins the game, 4-3, in overtime. You would lose the bet since the game was tied at the end of regulation.
Had you bet the draw on the three-way moneyline or the Maple Leafs on the traditional two-way moneyline, you would have won.
Because you are choosing between three options instead of two, the odds for the three-way moneyline are always higher than on the traditional two-way moneyline.
How To Bet on Three-Way Moneylines in Hockey
The three-way moneyline is an option for every NHL game when you bet online at BetMGM sportsbook.
To bet the three-way moneyline, you must select the home team to win in regulation, the away team to win in regulation, or the game to be tied at the end of regulation.
If you back either team on the three-way moneyline, you are betting on them winning the game in regulation. If you bet the draw, you are betting on the game to go to overtime.