What does 2 way mean in betting is a question we often get asked, and the answer is nowhere near as complicated as it may sound.
A 2-way betting market is simply one in which there are only 2 possible outcomes. For example, if you were betting on a darts, snooker, or tennis match, the two outcomes would be either player-A wins or player-B wins.
This differs from, for example, a typical football match in which there are three possible outcomes: team-A wins, team-B wins, and the draw. You guessed it; these types of markets are called 3-ways.
What Sports Offer 2 Way Betting?
2-way betting is used in any type of match between two players or teams in which a draw is not a possibility. Table tennis, badminton, squash, and volleyball are other sports in which 2-way betting is the most common, as well as those we’ve already mentioned.
But you’ll also find 2-way betting is available on other sports where 3-way betting is more common. Football is the perfect example, with some matches such as cup matches having to be played to a result.
As well the typical 3-way betting markets that are settled at full-time, 2-way betting is also available on matches where one team must progress to the next round. These types of 2-way bets are settled on which team progresses, regardless of whether they win in full-time, extra-time, or even a penalty shootout.
Sports such as football also offer a variety of other 2-way markets, many of which are goal markets. Typical examples include over/under 2.5 goals and both teams to score.
Handicap betting is another form of 2-way betting, with bookmakers offering odds for 2 players or 2 teams with one of them getting a start off the other one. For example, if you were betting on American football or basketball, one team might give the other one a 5-points start.
What Odds Can You Get On 2 Way Betting?
The odds for 2-way betting can vary greatly depending on how equally two players or two teams are matched. For example, if Novak Djokovic is playing a qualifier at Wimbledon, he could easily be 1/50 (1.02), while his opponent might be 33/1.
In matches between two evenly matched opponents, bookmakers tend to bet 10/11 (1.91) for both teams or players. In this instance, both players should be evens (2.00), but you need to remember that bookmakers build in a percentage for themselves.
But if you shop around, you may easily find that other bookmakers are offering evens (2.00) about one player or the other if they think one has a slightly better chance of winning. You may also get better odds on your selection on one of the betting exchanges.
In matches where one opponent is much better than the other, the odds offered will be unappealing to most punters. This is when bookmakers try to create more interest by introducing handicap betting to try and level the contest.
What Should You Consider When Placing 2 Way Bets?
Value is a word we use often when offering betting advice, and it also applies to 2-way betting. What you should consider is are the odds offering value, by which we mean are the odds bigger than you think they should be. For example, if you can get 4/5 (1.80) about Rafa Nadal to beat Roger Federer and you think Nadal should be 4/6 (1.66), you’ve got yourself a value bet.
Of course, value bets are about perspective, and how you arrive at your conclusions will ultimately decide whether you make a profit from gambling or not. Most professional gamblers or tipsters base their assessment on a mix of studying the formbook, statistics, and an eye for understanding when players/teams are improving or regressing.
You also need to consider whether 2-way bets offer you the best value compared to other possible markets. For example, you may think Chelsea are decent value to beat Arsenal in a cup match at any time. But, hypothetically, if Chelsea have beaten Arsenal in three of their last five matches at full-time, they may be better value about Chelsea to win in 90-minutes in the 3-way market.
Should I Bet In 2 Way Markets?
2-way betting remains one of the most popular types of betting in the world, and you should always consider this type of betting when trying to make a profit from gambling.
What you need to ask yourself is do you have enough knowledge of one or more sports that offers 2-way betting to succeed. If the answer is yes, it’s time to put your confidence to the test and beat the bookies.
But don’t worry if you don’t yet possess the skills to be a professional gambler, as you can still make money from 2-way betting by following the tips of professional tipsters.
Here at Betting Gods, we’ve gone to great lengths to find the best tipsters in the business, and many of them offer 2-way bets as part of a bigger betting strategy.
Our tipsters that frequently offer 2-way bets include the brilliant Basketball Geek, the NHL Betting Master, Master Football Tips, and Tee and Serve Tips.
There are also lots of ways you can get tips from the Betting Gods tipsters. Drop us your email address here and we’ll send you daily free tips from a sample of our tipsters. You can also take a low-priced trial of any of our tipsters.
If you already know what tipster you want to follow, you can also take out an affordable monthly subscription to get all their tips. Our subscription services are also covered by the Betting Gods money-back guarantee.
All our tipsters also have their own profile pages here on Betting Gods, where you can check out top statistics such as their total profit, average monthly profit, win rate, and return on investment. So, feel free to check out our tipsters now.
We hope that’s answered your question, what does 2 way mean in betting.